EU & Tanzania sign Sh308 billion deal for six projects

Posted on :Friday , 5th March 2021

The European Union and Tanzania's government signed an agreement yesterday to fund the implementation of six projects aimed at fostering economic growth and improving people's lives.

According to information released after the signing of the deal, the government will collect grants totaling 111.5 million euros (Sh307.9 billion) for programs to be undertaken in both Tanzania M. . .

Pakistan, Tanzania sign MoUs to improve trade ties

Posted on :Friday , 8th January 2021

Two Memorandum of Understanding (MoUs) have been signed by Pakistan and Tanzania, including bilateral political meetings between the foreign ministries of the two countries and the creation of a Joint Commission on Economic Cooperation.

During the meeting in Dar es Salaam between Pakistan's High Commissioner for Tanzania Muhammad Saleem and Dr Palamagamba John Aidan Mwaluko K. . .

US keen to draw more investors to Dar es Salaam

Posted on :Thursday , 26th November 2020

The US Embassy in Dar es Salaam said it is keen to draw more investors to the region.

The change came when Mr Ken Walsh, Chief Commercial Officer of the Embassy, visited the Tanzania Investment Center (TIC) last week and called for improved cooperation between the two.

Mr. Walsh, who had talks with Dr. Maduhu Kazi, Executive Director of the Center, shared h. . .

African Development Bank project tripled producers and traders income

Posted on :Thursday , 30th July 2020

An African Development Bank project to enhance market infrastructure, value addition and rural finance (MIVARF) in Tanzania produced highly satisfactory results, according to a report released by the project team. The project, rolled out in the country between 2012 and 2017 increased the incomes of rural producers and traders threefold.

With $56.8 million in funding from the . . .

Industries In East Africa To Benefit From Continental Free Trade

Posted on :Monday , 9th March 2020

The AfCFTA, which is the biggest trading bloc in the world after the WTO, is conceived to bring together Africa's 55 countries into a single market of 1.3 billion people with an annual economic output of over $3.4 trillion.

That will drive industrialisation, the UN Economic Commission for Africa (UNECA).

Officials must ensure that businesses can move goods . . .