The designated trading zones will be established in the first quarter of 2016, the Industrialisation ministry has said. They are expected to help investors cut down on key cost drivers such as transport, with the hope that surplus funds would go towards value addition.
The focus of the new policy on SEZs is that goods be produced closer to raw material sources and investors handed preferential terms on matters such as licensing. “The ministry plans to roll out .... Read more »
Posted on : Wednesday , 14th October 2015
Nairobi — Kenyan and Norwegian investors had discussions on a wide range of potential fields for joint trade and investment engagements recently writes KENNEDY ABWAO.
Posted on : Wednesday , 14th October 2015
KENYA'S investments in Tanzania have reached 1.685 million US dollars in 518 projects creating 55,762 jobs. The Executive Director of Tanzania Investment Centre, Juliet Kairuki, revealed this in Nairobi recently in Tanzania-Kenya business forum during an official state visit of President Jakaya Kikwete to Kenya.
Posted on : Wednesday , 14th October 2015
AGRICULTURAL investment is one of the most important and effective strategies for economic growth and poverty reduction particularly in rural areas where the majority of the poor live.
Posted on : Wednesday , 14th October 2015
Uganda is the most improved economy in the East African region in terms of creating a conducive environment for trade and investment, according to the latest Global Competitiveness ranking.
Posted on : Wednesday , 14th October 2015
The graphite from ASX-listed junior Magnis Resources’ Nachu graphite project in Tanzania is demonstrating very good crystal properties in the ore and the products derived from it, attaining high specifications in a range of applications.
With natural graphite, the quality of the flake in ore is an important determinant in the quality of products generated from it, a quality inherent in Nuchu’s graphite.
With the granting of a Special Mining Licence .... Read more »
Posted on : Wednesday , 14th October 2015
During the just concluded Technical and Vocational Education and Training (TVET) expo at Gikondo in Kigali, many visitors crammed around one stand marvelling at 'magical' stoves.
Posted on : Wednesday , 14th October 2015
THE State Procurement Board has finally awarded tenders for solar power projects with a combined output of 300 megawatts to three firms. The long awaited solar projects, each with capacity for 100MW, were awarded to Intratrek Zimbabwe (Gwanda), ZTE Corporation (Insukamini) and Number 17 Metallurgical China (Munyati).
Posted on : Wednesday , 14th October 2015
Implementing its second Growth and Transformation Plan (GTP II) in the coming five years, Ethiopia will endeavor to boost its power generation to at least 17,000 MW, said Ethiopia’s President Mulatu Teshome.
Posted on : Wednesday , 14th October 2015
Tanzanian President Jakaya Kikwete has officially inaugurated a 535-kilometer Mtwara to Dar es Salaam gas pipeline built with a 1.225-billion-U.S.-dollar concessional loan from the Export-Import Bank of China.
Posted on : Wednesday , 14th October 2015
Foreign Direct investment (FDI) in East Africa grew by 11 percent between 2013 and 2014 buoyed by regional integration, an economic insight reveals.
Posted on : Wednesday , 14th October 2015
The East African Community (EAC) member states are fast tracking the integration of the capital markets in order market the region as a single investment destination, Kenyan officials have confirmed. The Capital Markets Authority (CMA) Acting CEO Paul Muthaura said there is a clear road map for the harmonization of legal frameworks of the five EAC member states.
Posted on : Wednesday , 14th October 2015
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