Market News

Around the world, industrial parks have become significant vehicles for countries to provide competitive environments for industries to take off. Cognizant to this fact, the government of Ethiopia prioritized to the development of industrial parks to accelerate the economic transformation, promote a . . .

BENISHANGUL-GUMUZ, Ethiopia — Ethiopia is seeking rapprochement with Egypt through the media after years of rising apprehension over the Grand Ethiopian Renaissance Dam of the Blue Nile watershed.   The tension arose almost as soon as then-Ethiopian Prime Minister Meles Zenawi laid the . . .

For the last two decades the government devoted its finance,time and human resources for road construction and tremendous results have been achieved. The double digit economic growth also attributed to the road and transport sector development though much remains to be done.   Inaugurating th . . .

Mwanza — Implementation of 14.5 million Euro (about 35bn/-) water project will soon start in Mwanza's Ilemela Municipality under the European Investment Bank funding. Ilemela Municipal Director John Wanga said here over the weekend that the project, upon completion, will help to address water . . .

Arusha — Brazil, an economic giant of South America, is keen to promote stronger economic ties with East Africa, its ambassador to Tanzania Carlos Alfonso iglesias Puente revealed here on Tuesday.   "The Brazilian business community already has a significant presence in Tanzania and Ken . . .