Market News

East Africa: Banks to increase credit towards development of manufacturing sector
East Africa: Banks to increase credit towards development of manufacturing sector
26 October 2015

 According to the Bank of Tanzania (BoT) monthly economic review, strong credit was extended to manufacturing, hotels and restaurants and transport and communication activities.   During the month under review, credit extended to agriculture increased to 12.9 per cent compared to 6.0 per . . .

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Uganda: NSSF Reveals Plan to Invest in Infrastructure, Awards Firms
Uganda: NSSF Reveals Plan to Invest in Infrastructure, Awards Firms
23 October 2015

Kampala — National Social Security Fund (NSSF) will invest in public infrastructure and small and medium enterprises, managing director Richard Byarugaba has revealed.   Speaking at the annual members meeting in Kampala yesterday, Mr Byarugaba told members that the development is includ . . .

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Dar-Kenya trade scales East Africa high
Dar-Kenya trade scales East Africa high
22 October 2015

 Addressing the Kenya’s National Assembly in the capital, Nairobi, President Kikwete said the growth in trade between the two countries demonstrated how much the two countries’ contribution is critical to the greater EAC integration agenda.   “I am told trade between ou . . .

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Kenya is Tanzania�s leading trade partner
Kenya is Tanzania�s leading trade partner
22 October 2015

 Kenya is Tanzania’s leading trade partner in East Africa. This is according to Tanzanian President Jakaya Mrisho Kikwete.   During his address to the joint Parliamentary sitting of the National Assembly and the Senate on Tuesday, Kikwete said figures put trade between East African . . .

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EAC-US Trade Investments Strengthened
EAC-US Trade Investments Strengthened
21 October 2015

 Ministers from the East African Community (EAC) have signed a Cooperation Agreement on Trade Facilitation, Sanitary and Phytosanitary (SPS) Measures, and Technical Barriers to Trade (TBT) with the U.S. Trade Representative, Ambassador Michael Froman on 26 February, 2015 in Washington, D.C. &n . . .

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