Market News
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East Africa among most promising destinations for foreign investors in Africa
Posted on :Thursday , 7th February 2019
According to a new study by South Africa’s Rand Merchant Bank (RMB), Kenya, Rwanda, and Tanzania are bound to be among Africa’s most attractive investment destinations in 2019.
3000 Projects Registered as Tanzania's Industrialization Agenda Gains Pace
Posted on :Friday , 12th January 2018
Tanzania’s agenda of industrialization is fast-gaining momentum. Statistics are indicating the registrations of approximately 3,000 small, medium and large scale industries with a number of government industries worth over 5trl in the past year.
This comes at a time when the international community is expecting a 6.5 to 7 percent growth in Tanzania&rs. . .
Siemens in Africa have invested R5.5m in industrial automation
Posted on :Monday , 27th November 2017
Siemens announced that they invested R5.5 million in industrial automation equipment for higher learning institutions in South Africa, Nigeria, Tanzania, Ghana and Kenya.
CEO of Siemens Southern and Eastern Africa, Sabine Dall'Omo said in a statement that the company's latest investment intends to aid the development of locally engineered solutions."In an African con. . .
Tanzania: Revival of Kilimanjaro Machine Tools Underway
Posted on :Wednesday , 19th July 2017
THE government through its industrial development and promotion organization National Development Corporation (NDC) has started to revive the once defunct Kilimanjaro Machine Tools Company (KMT) for the manufacture of machines.
The KMT General Manager, Eng Adrian Nyaluke, said at the ongoing Dar es Salaam International Trade Fair (DITF) manufacturing activitie. . .
Kansai Paint agrees to buy African businesses
Posted on :Wednesday , 19th July 2017
Japan’s Kansai Paint has agreed to buy three east African paint companies to tap into one of the world’s fastest-growing regions as part of its global expansion.
The company’s South African subsidiary Kansai Plascon Africa is to acquire Sadolin Kenya, Sadolin Uganda and Sadolin Tanzania, although it would not reveal how much the deal would be. . .Please Select an Option
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