Market News | INDUSMACH Tanzania 2023

Market News

  • Tanzania 8th among Top Investment Destinations in Africa, Survey Indicates

    Posted on :Thursday , 28th July 2022

    International professional services firm Deloitte recently released the 2022 edition of its Africa CEO Survey that shares the perception of African private sector leaders on key issues and challenges, and documents and analyzes their approach to a series of fundamental aspects of their business model.


    The survey collects data and perceptions from 194 CEOs, operating in over 5. . .

  • Tanzania, China Bolster Diplomatic Trade Ties

    Posted on :Friday , 1st July 2022

    AS trade relations between Tanzania and China continue to grow, the former is planning to open up another consulate in China's financial hub-Shanghai.


    Already, Tanzania has a consulate in Guangzhou, which is operating under the coordination of the Embassy situated in Beijing which is the administrative capital of China.


    This was revealed on 20th June 2022 b. . .

  • Tanzania Exports Up by 20% in YE March 2022, Tourist Arrivals Almost Doubled

    Posted on :Friday , 1st July 2022

    The Bank of Tanzania (BOT) Monthly Economic Review-April 2022 reveals that the country’s exports of goods and services increased to USD 10,214.6 million during the year ending March 2022.


    This is +20.14 percent higher than US$ 8,502.1 million in a similar period in 2021.


    Improvement in exports was noted in both traditional and non-traditi. . .

  • Tanzania Government Signs Natural Gas Deal with Shell and Equinor

    Posted on :Monday , 27th June 2022

    The Government of Tanzania has signed a liquefied natural gas (LNG) framework agreement with energy giants Equinor and Shell, Reuters reported.


    The signing of the deal will expedite the start of the construction of a $30bn LNG export terminal.


    The deal is expected to pave the way for a final investment decision on the $30bn LNG export terminal by year 2025,. . .

  • US Looks beyond Delayed Free Trade Deal in Commercial Ties with Kenya

    Posted on :Wednesday , 1st June 2022

    The US government is looking beyond a delayed trade deal with Kenya to expand commercial ties between the 2 countries.


    In a new report submitted to the US Congress by Joe Biden’s top trade diplomat Katherine Tai, the US government revealed it would pursue “other means” of deepening trade engagements with Kenya in the absence. . .


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