Market News

According to a new study by South Africa’s Rand Merchant Bank (RMB) Kenya, Rwanda and Tanzania will be among Africa’s most attractive investment destinations in 2019. The RMB Investment Attractiveness index scrutinizes countries’ economic and operating environments to assess their . . .

State-run National Bureau of Statistics (NBS) said that faster growth in mining, natural gas and construction activities propelled Tanzania’s economy higher in the third quarter of 2017. East Africa’s third-biggest economy grew 6.8 per cent year-on-year in the third quarter compared with . . .

 In a bid to improve legal timber trade and save legitimate businesses from falling prey to the losses sustained by illegal logging, Eastern African Representatives from across different countries are meeting to discuss the formal launch and implementation of the steering committee for the Zanz . . .

Dar es Salaam — Trade relations between Uganda and Tanzania have reached another significant milestone, this after the former opted to sign a Memorandum of Understanding (MoU) on Railway Transport Services And Cooperation and Improvement of Ports and Inland Waterways.  As per the MoU, Ug . . .

Government experts are mulling over all possible options to ensure revival and strengthening of the sector. The years to come will see increased efficiency and productivity.  The medium-term outlook for the timber industry is under pressure while the short-term outlook for South Africa’s . . .