Tanzania Government Signs Natural Gas Deal with Shell and Equinor

Posted on :Monday , 27th June 2022

The Government of Tanzania has signed a liquefied natural gas (LNG) framework agreement with energy giants Equinor and Shell, Reuters reported.

The signing of the deal will expedite the start of the construction of a $30bn LNG export terminal.

The deal is expected to pave the way for a final investment decision on the $30bn LNG export terminal by year 2025,. . .

US Looks beyond Delayed Free Trade Deal in Commercial Ties with Kenya

Posted on :Wednesday , 1st June 2022

The US government is looking beyond a delayed trade deal with Kenya to expand commercial ties between the 2 countries.

In a new report submitted to the US Congress by Joe Biden’s top trade diplomat Katherine Tai, the US government revealed it would pursue “other means” of deepening trade engagements with Kenya in the absence. . .

Tanzania Exports Up by 20% in YE March 2022, Tourist Arrivals Almost Doubled

Posted on :Monday , 30th May 2022

The Bank of Tanzania Monthly Economic Review-April 2022 reveals that the country’s exports of goods and services increased to US$ 10,214.6 million during the year ending March 2022.  

This is +20.14% higher than US$ 8,502.1 million in a similar period in 2021.

Improvement in exports was noted in both traditional and non-traditional e. . .

Global Wholesale E-commerce Platform Launches in Tanzania

Posted on :Monday , 25th April 2022

UAE logistics company DP World recently announced the launch of its wholesale e-commerce platform Dubuy.com in Tanzania.

The online marketplace will give Tanzanian businesses access to international markets and provide a secure and reliable supply chain through DP World’s worldwide ports and logistics network, the company explains.  

Tanzania, US Sign Investment Agreements Worth Sh11.7 Trillion

Posted on :Monday , 25th April 2022

Tanzania and the US have on April 22, signed 7 agreements for business projects which are set to be implemented in Tanzania by investors and companies from the United States of America.

The signing of the agreement was witnessed by President Samia Suluhu Hassan who is in the United States for a 2 week official trip.

According to a statement issued by the di. . .