Market News
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Tanzania: U.S.$110 Million Tractor Factory to be Financed by Poland
Posted on :Saturday , 23rd July 2016
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 the factory, which is expected to be constructed in Kibaha, would take-off be. . .Tanzania: India to Provide Massive Boost to Country's Industrialization Plans
Posted on :Thursday , 14th July 2016
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 to Tanzania's industrialization strategy as the two countries agreed to deep. . .Tanzania: BRT Buses to Run on Natural Gas In Next Phase
Posted on :Tuesday , 5th July 2016
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 first phase of the BRT but this was not possible due to some technicaliti. . .Future Looks Bright for Motorcycle Assembly in East Africa
Posted on :Tuesday , 5th July 2016
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 will identify imported motorbike parts that can be exc. . .Kia Motors to Build Auto Mechanic Training Centres in Ethiopia
Posted on :Wednesday , 1st June 2016
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 Ethiopia on Friday and another in Kenya on Saturday.. . .Please Select an Option
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