Aliko Dangote, the owner of Dangote Cement announced that the new Tanzania factory is ready to start production by August 2015.The company who is the largest manufacturer of cement in the African continent is building a USD 500 million factory in southern Tanzania with an annual capacity of 3 million tonnes.
Posted on : Friday , 22nd May 2015
The World Bank (WB) recently approved to grant USD 45 million to improve the socioeconomic impacts of Tanzania large and small-scale mining.
Posted on : Friday , 22nd May 2015
Tanzania International Petroleum Reserves Limited (TIPER) will invest USD11 million to increase its fuel storage capacity from 141,000 cubic metres to 213,200 cubic metres.
Posted on : Friday , 22nd May 2015
Serenus Biotherapeutics, Inc., a specialty biopharmaceutical company bridging the divide between the world’s leading pharmaceutical markets and the growing demand for access to innovative therapies in the emerging nations of Africa announced it had secured investment of up to $43 million from Malin Corporation plc, an Ireland-based global life sciences company focused on healthcare.
Under the terms of the agreement, Malin will purchase a 41 percent stake in Sere.... Read more »
Posted on : Friday , 15th May 2015
The plastic subsector is expected to grow by seven percent over the next ten years, just as a positive outlook is projected for the packaging industry due to increased market demand and sophistication of the Nigerian consumers.
Also, imports of food processing and packaging machinery witnessed an increase of €331 million in 2013, compared to €198 million in 2010, Managing Director, Fairtrade, Mr. Martin Marz, said this at the just concluded Agrofood & Pl.... Read more »
Posted on : Wednesday , 13th May 2015
Enhancing partnerships with a view to boosting private sector as the driving force for sustainable and inclusive growth in Africa is one of the main priorities for the African Development Bank's Private Sector Department (OPSD) and the International Finance Corporation (IFC).
For this reason, the African Development Bank hosted a high-level delegation from the IFC for two days of meetings on May 6 and 7, 2015 in Abidjan, to deepen relationships between the two institu.... Read more »
Posted on : Wednesday , 13th May 2015
A private cargo handling and logistics company, DSM Corridor Group Ltd, has started construction of a dry port in Kisarawe district, 40km from Dar es Salaam port. The project will cost a total Tsh32.8 billion ($17 million).
According to DSM chief executive officer Erik Kok, the move is aimed at reducing congestion at the Dar es Salaam port.
“The multipurpose dry port is approximately 100,000 square metres; at the moment; we have started developing.... Read more »
Posted on : Monday , 11th May 2015
A number of countries, including Zambia and South Sudan, have expressed interest in Rwanda’s Irish potatoes, a development that could turn around the fortunes of farmers and expand the country’s exports base and revenue.
Francois Kanimba, the Minister for Trade and Industry, said farmers must now double their efforts to satisfy the growing local and regional demand for Irish potatoes, and ensure quality along the value chain.
Kanimba was add.... Read more »
Posted on : Saturday , 9th May 2015
On an average day at the Aalsmeer flower auction in the Netherlands – long considered the flower capital of the world – some 20m stems will change hands. During peak holiday period the trading in the country, which handles around 52% of global volume, is even more frantic.
In the week running up to Valentine’s Day 2015, an estimated 200m red roses and tulips, 100m assorted other varieties and 20m pot plants were exported by truck and air from Amsterd.... Read more »
Posted on : Thursday , 7th May 2015
Rwanda has signed an agreement that will see United States finance upgrading of feeder roads so as to improve the road infrastructure in various parts of the country.
The Feeder Roads program will see 2500km of road network renovated – a project expected to end in 2018 and will cost an approximate amount of US$ 50m. Meanwhile, Rwanda is set to have established a total budget for rural feeder road network in 2016.
The US envoy to Kigali signed an a.... Read more »
Posted on : Saturday , 2nd May 2015
Brookwoods Capital, a privately held equity firm will be investing US$ 27b on the construction of Tanzania’s Mwambani Port and Railway Corridor (Mwaporc) project in Tanga, which is set to be one of the region’s largest development corridors.
Construction of Mwambani Port and Railway Corridor (Mwaporc) is set to help in the direct shipping of goods from international ports. Mwaporc development corridor will see exporters and importers reduce the cost of log.... Read more »
Posted on : Thursday , 30th April 2015
Dar es Salaam — Civil works have started on the $593 million upgrade of Dar es Salaam port involving financing by both bilateral and multilateral donors and overseen by TradeMark East Africa, the non-profit consultancy.
Philippe Dongier World Bank Country Director for Tanzania, Uganda and Burundi said last week the event is happening at the right time when the World Bank together with the Tanzania government, the British Department of International Development (.... Read more »
Posted on : Tuesday , 28th April 2015
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