Market News
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Dar es Salaam Port Improves Efficiency, surpassing the 330 container target
Posted on :Tuesday , 18th June 2019
The containers terminal department had set the 330 container target, within three shifts but now can handle over 600 containers, decreasing the time of vessels to stay at the port.
The performance has eventually reduced costs of cargo vessels landing at the port, thanks to purchase of advanced machineries.John Maghibo, Principal Opera. . .
Kenya and Tanzania are pushing to resolve their long-standing trade disputes
Posted on :Tuesday , 11th June 2019
Trade officials from the two countries held bilateral meetings in Arusha, in April, to try and determine and solve the many disputable trade issues, including rules of origin for some products and constant suspicion over the quality of products traded all over the borders.
People familiar with the negotiations told The East African that the first bilateral meeting w. . .
Tanzania inaugurated its first in East Africa, international gold trading centre
Posted on :Monday , 29th April 2019
Tanzania inaugurated an international gold trading centre which is the first in East Africa.
The centre is specially to encourage mineral trade, discourage smuggling of minerals, and make sure that businesses pay their levies to the government. The trading centre is located in the gold-rich region of Geita that produces over 40 percent of the gold exported from the . . .
East Africa portrays solid monetary development says AfDB report
Posted on :Monday , 8th April 2019
Economic growth in East Africa is soaring ahead of other regions on the continent at close to 7 percent while the overall outlook for the rest of Africa is cautious, but positive, a report by African Development Bank has observed.
Job creation and ramping up manufacturing will continue to be major priority areas for creating growth and employment across the continent, says . . .
Strong Trade Ties Between Egypt-Africa
Posted on :Friday , 1st March 2019
Egypt has strong economic and commercial ties with Nile Basin countries, including Rwanda, the Democratic Republic of Congo, Uganda, Tanzania, Ethiopia and Burundi, making bilateral trade far surpass raw materials and simple commodities.
According to the State Info. . .
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