Market News

 The government of Tanzania is buying a new Boeing Dreamliner 787 for its national airline, bolstering the Chicago jet manufacturer's year-end order book.   The sale follows private meetings that Jim Deboo, Africa region sales and marketing director for Boeing (NYSE: BA), held with Tanza . . .

The automobile industry in Tanzania is growing, supported by growing incomes, improving urban infrastructure and the supply of cost-effective vehicles by Asian manufacturers. This sector of Tanzania gives ample opportunities to other countries to enter the market.  There has been strong pr . . .

Japanese automaker Isuzu Motors Limited has bought out General Motors’ 57.7 per cent stake in General Motors East Africa (GMEA) for an undisclosed sum.   The transaction will see the motor dealer change its name to Isuzu East Africa in April to reflect the change of control.   Mo . . .

A strategy to promote local assembling of vehicles in East African countries may see Uganda lose heavily in customs duties collected daily.   According to Uganda Revenue Authority (URA) statistics every day Uganda imports about 100 vehicles from countries such as Japan, Germany, UK and United . . .

 On the evening of Friday 27th January 2017, members of the business community in Tanzania gathered at the Hyatt Regency Hotel to celebrate the most accomplished businesses of 2016. The event was the Tanzania Leadership Awards (TLA), which honors successful businesses that range from conglomera . . .