Market News | IFMEX Tanzania 2024

Market News

  • Tanzania Partners With Japan Agency To Launch A 12-Year Plan To Boost Rice Production

    Posted on :Saturday , 11th May 2019

    Tanzania government in partnership with the World Bank, Japan International Co-operation Agency (JICA) and the Africa Development Bank (AfDB) has launched a 12-year plan that seeks to boost rice production.

    Dubbed as ‘The National Rice Development Strategy Programme’ the initiative is part of the Coalition for African. . .

  • Nigerian Breweries Achieves 57% Local Sourcing Of Raw Materials

    Posted on :Thursday , 9th May 2019

    The Nigerian Breweries (NB) Plc says it has achieved 57% of its 60 per cent 2020 target for local sourcing of raw material for production.

    According to Sade Morgan, Corporate Affairs Director, local sourcing was an integral part of the company’s long term sustainability agenda as it remains at the heart of the company’s operations.

    &ldquo. . .

  • The World Food Programme Partners with TABD

    Posted on :Thursday , 9th May 2019

    The World Food Programme (WFP) has partnered with state owned development financial institution, Tanzania Agricultural Development Bank (TABD) in implementing the Farm to Market Alliance (FTMA) project.

    The project seeks to boost the agriculture sector in the country with plans of explore ways to scale up the FTMA model and have more smallholders under the arrangement.

    According. . .

  • FOOD AND AGRICULTURE NOW AT THE FOREFRONT OF DEVELOPMENT PLANS IN TANZANIA

    Posted on :Monday , 15th April 2019

    The largest and most important sector of the Tanzanian economy is undoubtedly agriculture, the country benefits from a diverse production base which includes livestock, staple food crops and a variety of cash crops. In the last 10 years the sector’s contribution to GDP has more than tripled, this is supported by rising cash crop production, an emerging agro-processing segment and strong d. . .

  • Tanzania's oil shortage becomes good news for importers

    Posted on :Monday , 1st April 2019

    Tanzania is becoming a promising market for edible oil players as its seeking investors in the edible oil sector to tame its huge import bill, which stands at $294 million. The nation is facing a large deficit in production of edible oil, paving the path for imports to meet growing demand. The government has is finding measures to reduce duties on imports, including from East African Community . . .

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