Market News | EAITE 2023

Market News

  • Diaspora Desk is being established by the East African Community (EAC).

    Posted on :Thursday , 1st December 2022

    The inflow of funds from the diaspora contributed significantly to the bloc's FDI, which stood at $8.2 billion as of last year, prompting the bloc to develop a Diaspora Engagement Strategy. The move, if implemented, will make it easier for East Africans living in the diaspora to invest and trade in the region, according to EAC Secretary General Peter Mathuki.

     

    He was speaking . . .

  • Tanzania and the DRC interested in expanding their trade relations.

    Posted on :Thursday , 1st December 2022

    President Samia Suluhu Hassan and her Democratic Republic of the Congo (DRC) counterpart, Félix Tshisekedi, have agreed to collaborate during a number of areas to boost bilateral trade.

     

    Consequently, Tanzania and the DRC intend to cooperate in a range of areas, including trade, investment, infrastructure, finance, energy, education, security, and immigration.

    . . .

  • Tanzania and the DRC signed a MoU to expand their trade relations

    Posted on :Friday , 4th November 2022

    President Samia Suluhu Hassan and her Democratic Republic of the Congo (DRC) counterpart, Félix Tshisekedi, have agreed to collaborate in a number of areas to boost bilateral trade.

     

    Tanzania and the DRC intend to collaborate in a variety of areas, including trade, investment, infrastructure, finance, energy, education, defence, security, and immigration.

    &n. . .

  • Reforms to Tanzania's investment laws begin to bear fruit: TIC

    Posted on :Thursday , 25th August 2022

    In the upcoming years, six strategic investors will invest a combined $1.1 billion as the government ramps up its investment promotion campaign, supported by pro-business and economic diplomacy initiatives.

     

    This occurs at the same time as Tanzania Investment Centre (TIC) is proud to have increased the number of investment projects by 14.6% in the fiscal year 2021â€. . .

  • EAC services exports hit $12.9 billion

    Posted on :Tuesday , 23rd August 2022

    The East African Community (EAC) exported services worth $12.9 billion in 2019 against $933.6 billion worth of imports.

    The outbreak of Covid-19 and its resultant impact on trade, notwithstanding, trade in services has contributed immensely to the region's recovery.

    This was revealed by the East African Business Council (EABC) executive director John Bosco Kalisa during a high level. . .

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