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 . . .

Manufacturing Commodities Continue To Explore New Markets Opportunities Particularly In The East African Community

Posted on :Tuesday , 14th January 2020

Manufacturing subactivity grew by 8.3 per cent in 2018 slightly higher compared with 8.2 per cent in the previous contributed largely by the expansion of the regional markets.

The ongoing investment and improvement of infrastructures as well as the stability in power supply reduced production costs.

The Bank of Tanzania (BoT) annual report 2018/19 manufactu. . .

EAC To Promote The Textiles And Apparels Sector In East Africa

Posted on :Thursday , 12th December 2019

The 39th Council which was chaired by Rwanda’s Minister of State for Foreign Affairs, Regional Cooperation and East African Community Affairs, Amb. Olivier Nduhungirehe, was attended by line Ministers from all the EAC Partner States and EAC Executives.

EAC Council of Ministers has approved the Final Draft Cotton, Textiles and Apparels (CTA) Strategy and its. . .