Market News | EAITE 2017

Market News

  • East Africa to Benefit from Brexit - UK High Commissioner

    Posted on :Friday , 17th February 2017

    The United Kingdom has promised to strengthen trade and investment links with the East African Community Partner States for mutual benefit.

     
    UK High Commissioner to Tanzania, Ms Sarah Cooke, said that her country would remain an outward focused trade-based economy with strong partnerships with other countries and regional economic blocs even in the wake of Brexit.
  • Africa's Urban Population to Reach 1 Billion by 2040 - World Bank Report

    Posted on :Thursday , 16th February 2017

    The World Bank (WB) has reported that Africa's urban population will double over the next 25 years, reaching 1 billion people by year 2040.

     
    The report cites the population of the continent's urban areas as 472 million, and predicts that an additional 187 million people will be added to urban areas by 2025 to reach the predicted figure.
     
  • Tanzania: DR Congo Impressed with Dar Port Services, Pledges to Continue Using Port for Trade

    Posted on :Thursday , 16th February 2017

    Democratic Republic of Congo (DRC) has pledged to continue using Dar es Salaam port for imports and exports due to its safety and vicinity to their country.

     
    The Governor of Katanga province in Democratic Republic of Congo (DRC), Jean Claude Kazembe Musonda, said during his tour to the port in Dar es Salaam yesterday the aim of his visit was to continue maintaining f. . .

  • Tanzania: President Urges Defense Forces to Procure Local, Boost Industries & Economy

    Posted on :Wednesday , 8th February 2017

    Defence and security organs were yesterday told to embrace the government championed industrial economy, through setting up of factories to add value to locally produced raw materials.

     
    "Why should we import uniforms for members of the armed forces and yet we produce cotton in large quantities? Even if it means producing garments from locally available sisal, le. . .

  • Tanzania: Chinese Mega Investors to Invest in Special Economic Zone

    Posted on :Wednesday , 8th February 2017

    Dar es Salaam — Tanzania expects nearly 1,000 Chinese extra-large investors promising to invest in a special economic zone including textile, manufacturing, fishing, mining and agriculture across the board following mutual bilateral relations between the two countries.

     
    "Massive investments will come from large scale Chinese investors eyeing to invest in t. . .

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