Market News

PRIME Minister Kassim Majaliwa has said the government is committed to develop industrial sector as a strategy to boost growth and propel Tanzania to join the league of middle income countries.   The Premier told the Oman Minister for Commerce, Dr Ali Masoud Al Sunaidy in Dar es Salaam yester . . .

The African Export-Import Bank (Afreximbank) is to implement a new strategy aimed at driving industrialisation across Africa and increasing intra-African trade by, at least, 50 per cent in the next five years.   The Afreximbank Intra-African Trade Strategy, approved by the Board of Directors . . .

Dar es Salaam — The formation of a Public-Private Partnership (PPP) Centre is awaiting President John Magufuli's approval.   The facility is expected to increase the pace of attracting investments for rapid industrialisation.   A draft on the formation of the institution has been . . .

Vietnamese President Truong Tan Sang arrived in Dar es Salaam on Tuesday. He is visiting Tanzania to further cement ties between the two countries. The reciprocal visit follows former President Jakaya Kikwete's tour of the Southeast Asia nation in October 2014.   Our Staff Writer Chaby Barasa . . .

The Kenyan government's approval of the development of a Special Economic Zone (SEZ) in Dongo Kundu, Mombasa, expected to boost job creation and regional trade, has been welcomed by business people.   The Dongo Kundu bypass, which is part of a three-phase plan to decongest the port city of Mo . . .