Market News

Dar es Salaam — Tanzania has secured a $110-million soft loan from Poland to establish a tractor assembling factory that will enhance the agriculture sector, the government has confirmed.   The Permanent Secretary in the Ministry of Industry, Trade and Investment, Dr Adelhem Meru, said . . .

Tanzania rolled out a red carpet to India's Prime Minister, Narendra Modi who arrived in Dar es Salaam on Saturday night in his five-day, four-nation tour of Africa to drum up business between India and African countries.   The visit by the Indian leader is expected to provide a massive boost . . .

Buses to ply in the next phases of the Dar es Salaam Rapid Transit (BRT) project will have their engines run using natural gas to save operational costs, the Tanzania Petroleum Development Corporation (TPDC) has revealed.   "Plans were to use natural gas for buses currently operating in the f . . .

East African countries are closer to an agreement that could boost motorcycle assembly in the region.   The EAC Secretariat has appointed a team of experts from each member state to develop a proposal that will promote value addition and motorcycle assembly in the region.   The experts . . .

Kia Motors will build training centres for mechanics in Ethiopia and Kenya in a bid to contribute to their economies by providing education for young people.   According to Korea Times, a Kia Motors official said Sunday that the company held a groundbreaking ceremony for the center in Ethiopi . . .