Market News

 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 di . . .

 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 . . .

 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 . . .

 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 industrialisa . . .

 India plays a crucial role for Tanzania to realize her industrialisation agenda as Indian companies boost investments in industries, cabinet ministers said on Tuesday.   Tanzania envisions becoming a middle income country by the year 2025 and the government wants the industrial sector - . . .