Producing and selling carbon offsets is finally becoming a lucrative business in Tanzania, with the government reported to have attracted over 20 companies that are set to invest over US$ 20 billion (Sh46.9 trillion).
Minister of State in the Vice President's Office (Union and Environment), Dr Selemani Jafo, said since the regulations and guidelines on carbon trading were adopted last October the investment has attracted more than US$ 1 billion (Sh2.3 trillion), w.... Read more »
Posted on : Thursday , 3rd August 2023
Kubik, a firm with headquarters in Ethiopia, has announced a $3.34 million investment that it claims will be used to boost manufacturing.
The firm was created in 2021 by CEO Kidus Asfaw and Penda Marre, a former UNICEF employee. Kubik turns plastic trash into inexpensive building supplies. As a result, it addresses two issues: plastic pollution and cheap housing. Kubik turns plastic waste into inexpensive, low-carbon building materials. The product from Kubik is much less .... Read more »
Posted on : Wednesday , 2nd August 2023
The North Coast's sugar industry is making positive moves toward bounce back from an extended time of emergency.
Tongaat Hulett's business salvage specialists (BRPs) declared their favoured purchaser for the striving sugar goliath, while Gledhow Sugar Organization distributed their proposed business salvage anticipate July 12.
Together, the two organizations work each of the four still functional sugar factories on the North Coast - at Gledhow, Maidstone.... Read more »
Posted on : Wednesday , 2nd August 2023
Tanzania's Leader Samia Suluhu Hassan held converses with an African Improvement Bank assignment drove by VP Beth Dunford to help the East African country's horticultural creation and food security.
The gatherings, hung on 27 June, covered different improvement issues, remembering the Bank's acknowledgment of Tanzania's advancement for fostering its farming area following January's Dakar 2 Africa Food Culmination.
President Hassan was one of man.... Read more »
Posted on : Wednesday , 2nd August 2023
JAT Holdings PLC, a Leader in the Wood Coating Market in Sri Lanka, Bangladesh, and the Maldives, Enters the African Market in July 2023 by Establishing "JAT Paints Africa Limited" in Kenya Through a Joint Venture With Mayleen Corp, a Diversified Business House With Headquarters in Kenya. Following Its Incredible Achievement in South Asia, This Strategic Step Will Be Expected to Strengthen Jat's Position as a Leader in Wood Coatings Across Africa.
By Launching JAT.... Read more »
Posted on : Monday , 31st July 2023
Coordinating Minister for Maritime and Investment Affairs Luhut Binsar Pandjaitan revealed that state-owned oil and gas company Pertamina plans to expand its business to East Africa by establishing an oil refinery in Kenya.
"Pertamina will enter Kenya after being asked to establish an oil refinery there. We also see an opportunity to bring their crude oil to Indonesia," Pandjaitan stated.
Following a meeting with Pertamina's President Director N.... Read more »
Posted on : Monday , 31st July 2023
The Egyptian company, TAQA Arabia, is set to carry out a study that would enable the Tanzania Petroleum Development Corporation (TPDC) to supply natural gas to more residents in Dar es Salaam.
The study will therefore inform the TPDC over natural gas market in the city so as to construct the needed supply infrastructure.
Recently, the company signed the MoU with the TPDC for the envisaged undertaking.
At the signing ceremony, .... Read more »
Posted on : Monday , 31st July 2023
ATIDI guaranteed a EUR300 million credit facility provided by Deutsche Bank AG to the Tanzanian government. The facility will finance numerous infrastructure projects that are part of Tanzania's budget for 2022/2023 and are in line with the country's National Development Vision 2025.
Insuring Deutsche Bank against non-payment by the Tanzanian government on the loan facility advanced to the ministry of finance, ATIDI provided a seven-year comprehensive cover, allow.... Read more »
Posted on : Monday , 31st July 2023
The State Mining Corporation (Stamico) declared that it was ready to collaborate with Kenyan mineral professionals in order to raise the standard for how the two countries should manage their mining sectors to support economic progress.
This was discussed during a gathering of six mining-related delegates from Kenya who had travelled here for three days to receive training on how to manage the industry.
What is found in Tanzania may also be foun.... Read more »
Posted on : Friday , 28th July 2023
The manufacturing sector is expected to boost Kenya's Gross Domestic Product (GDP) by 15% in 2027, and 20% by 2030.
According to the finance ministry, the country's economic growth stands at 5.3per cent in 2022 and would be 6 per cent in 2023.
To accomplish this, The Ministry of Investments, Trade, and Industry is setting up suitable measures that will further enhance the accomplishment of the objective.
According to Nancy Mui.... Read more »
Posted on : Friday , 28th July 2023
A total of 134 billion dollars have been allotted by the government to wrap up the Tarime-Rorya Water Project, which will ultimately support more than 933,818 people. After investigating the project, which eventually completion would benefit families from 32 villages in the Rorya district and 81 streets in the tarime district, engineer cyprian luhemeja, the deputy permanent secretary of the ministry of water, delivered the following announcement yesterday. Eng luhemeja handed instru.... Read more »
Posted on : Thursday , 27th July 2023
Residents of Ewangan village within the Sekenani area in Maasai Mara National Reserve are a happy lot after a group of tourists collaborated with Super Africa Wildlife and Adventure Safaris to light their village.
The tourists from Hong Kong, Taiwan and China, led by Allen Yeh, donated 15 solar panels to the village so as to improve their living standards.
The relationship with the village, Yeh said, began seven years ago when he visited the Maa.... Read more »
Posted on : Wednesday , 26th July 2023
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