Market News
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Tanzania Pension Fund Loan USD2.1m to Biotech Industrial Project
Posted on :Thursday , 1st September 2016
The National Social Security Fund (NSSF) of Tanzania recently disbursed USD2.1m to the Tanzania Biotech Product Limited in Kibaha for production expansion.
The factory is under the National Development Corporation (NDC) and is designed to manufacture biotech products that kill mosquito larva.
The NSSF decision to invest in such project follows the directives of President M. . .
Egyptian Samcrete�s IDG studies developing industrial zones in KSA, Ethiopia
Posted on :Wednesday , 31st August 2016
Industrial Development Group (IDG), the industrial arm of Egypt-based construction firm Samcrete, is studying developing major industrial zones in Ethiopia and Saudi Arabia. The move will be part of IDG’s strategy to expand businesses abroad.
Sameh Attia, IDG’s managing director, said his firm is currently conducting studies on offers received from. . .Tanzania: Private Sector Seen As Big Cog for Industrial Growth
Posted on :Tuesday , 30th August 2016
The Prime Minister, Mr Kassim Majaliwa, has called on the private sector to support the government's quest for an industrial economy, insisting that their contribution was vital towards realising the government's dream.
"We need to work together so that our national development agenda can be achieved. This collaboration will surely bring an economic revol. . .Ethiopia cements economic ties with Turkey with $13.5 million salt manufacturing plant
Posted on :Thursday , 25th August 2016
An Ethiopian- Turkish deal that mulled creation of a salt manufacturing industry has come to fruition with the establishment of a $13.5 million plant covering 50,000 square meters at the Afar regional state in Northern Ethiopia.
Currently, the manufacturing company has the capacity to create more than 300 job opportunities. This figure will reach 8,000 when th. . .Tanzania: Invest in Industries, Pension Funds Told
Posted on :Wednesday , 24th August 2016
Arusha — As Tanzania treads its path to industrialisation, social security funds have been urged to invest in industries.
The minister of State in the Prime Minister's Office (Policy, Parliament, Labour, Employment, Youth and the Disabled), Ms Jenista Mhagama, says industrialisation forms a fundamental linchpin to the fifth phase government's plans for t. . .Please Select an Option
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