- Tanzania business environment poised to improve after change in key laws
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- Why Ghana’s oil and gas sector is beckoning foreign investors
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Investing
- Tanzania is reviewing key business development laws to boost investments.
- One of the laws under review is the Companies Act and the Business Names (Registration) Act.
- Amended laws are set to create a more conducive investment environment.
The Tanzania business environment is expected to improve to a great deal thanks to ongoing efforts to amend non-conducive business laws.
It is expected that the business law amendment will serve to help the country attract investors by improving its business environment, the government has announced.
The government of Tanzania has made public its intention to review key laws in the country, including the Companies Act and the Business Names (Registration) Act, with a view to align the regulations with current global trends and market needs.
To this end, the government of Tanzania is now collecting stakeholders’ opinions ahead of the proposed law amendments.
While the two laws are often confused and intertwined, …
- Ghana has over 17 oil and gas projects that are in the pipeline for investments in the next three years.
- Some of the main projects are the Jubilee South East Project, which is under development by British oil and gas explorer Tullow Oil.
- The country is spearheading plans to attract new investments for renewable energy projects as it steps up the share of renewables to 10% by 2030.
Ghana’s oil and gas sector boasts of over 600 million barrels of proven reserves, and is fast positioning itself as a magnet for foreign investors seeking to tap into its energy industry.
The country’s energy wealth, which also includes 0.8 trillion cubic feet of gas, is equally unveiling a myriad of lucrative investment opportunities in renewable energy that foreign investors can tap into as well.
Proceeds from these investments would play a critical role in propelling the country to achieve its goal …
- The Invest in African Energy forum will explore financing and development opportunities in Liquefied Petroleum Gas storage and distribution.
- With significant unmet demand for clean cooking access, the sub-sector represents a critical opportunity for global investors.
- Last December, Tanzanian Liquefied Petroleum Gas distributor Taifa Gas launched the construction of a $130-million, 30,000-metric-tonne LPG storage facility in Kenya.
With more than 900 million Africans using biomass fuel and kerosene for cooking, liquefied petroleum gas (LPG) has emerged as a highly attractive and viable clean cooking solution.
While still a fossil fuel, LPG burns more efficiently and produces fewer carbon emissions than wood, charcoal or kerosene. The fuel is both easy to store and transport, as well as able to meet Africa’s clean cooking needs reliably and to scale.
East Africa is one region embracing this solution, with several governments adopting policy measures to scale the use of LPG and increase its …
- The AfDB and partners in Rabat, Morocco, are organizing the 2024 Africa Investment Forum to catalyze investments in Africa’s agriculture, infrastructure, and renewable energy.
- The forum is a pivotal platform for advancing Africa’s economic integration, promoting policy innovation, and encouraging private-sector engagement and international collaboration.
- By aligning with sustainable development, inclusivity, and green finance goals, the Africa Investment Forum aligns with global sustainability goals, positioning Africa in the transition to a green economy and attracting ethical investments.
Set against the vibrant backdrop of Rabat, Morocco, the 2024 Africa Investment Forum Market Days, scheduled for December 4–6, is yet another cornerstone event for continental and global investors seeking growth opportunities in the continent.
The African Development Bank and seven founding partners will back this forum to drive investment-ready deals to fruition, further highlighting its critical role in Africa’s economic landscape.
Africa Investment Forum a catalyst for investment mobilisation
Since its inception …
- East African Cables is a private limited liability company incorporated in mainland Tanzania. It manufactures extensive cables for domestic and industrial lighting and power electricity transmission.
- The sale is subject to regulatory and shareholders’ approval.
- Upon completion of the sale, EAC Tanzania will cease being a subsidiary of the company.
Msufini Tanzania Limited (MTL), a chlorine and sodium hydroxide manufacturer, is set to buy a majority stake in East African Cables’s Tanzanian subsidiary if regulators and stakeholders approve an agreed deal between the two firms.
East African Cables, which is listed on the Nairobi Securities Exchange, has entered into a share purchase agreement with Msufini for the sale of 16 218,000 ordinary shares at a value of Tsh10, constituting 51 per cent of the issued share capital of East African Cables (Tanzania) Limited.
East African Cables is a private limited liability company incorporated in mainland Tanzania. It manufactures extensive …
- ZAVDOZ Group of Companies and Andar Development sign $4.9 million deal to introduce elite wooden houses fit for the hot Gulf region climate.
- Beyond the deals, Dubai WoodShow is serving as a platform for networking, and connecting manufacturers, suppliers, experts, and industry enthusiasts.
- Dubai WoodShow 2024 is not just a display of what is possible today but a glimpse into the future of woodworking, highlighting the industry’s innovation, sustainability, and efficiency initiatives.
The Dubai International Wood and Woodworking Machinery Exhibition, known as the Dubai WoodShow 2024, continues to carve its niche in the global wood industry, marking another successful second day of million-dollar deals, insightful industry discussions, and networking opportunities for investors.
As the curtain falls for Dubai WoodShow 2024 under the vibrant skies of Dubai, it not only showcases the latest innovations but also serves as a fertile spot for lucrative business-to-business (B2B) engagements, demonstrating its pivotal role …
- March 3rd-7th expo underscores Dubai’s pivotal role as a global business hub.
- It also highlights the vibrant dynamics of the wood industry, setting the stage for future advancements and opportunities.
- Exhibitors are showcasing state-of-the-art products and technologies, including CNC machining centers, drilling and fitting insertion machines, panel dividing saws, and more.
The Dubai International Wood and Wood Machinery Exhibition (Dubai WoodShow 2024) explores the nexus of innovation, investment, and global collaboration within the wood and woodworking machinery industries across economies.
As the 20th edition of this event unfolds, it not only underscores Dubai’s pivotal role as a global business magnet but also highlights the vibrant dynamics of the wood industry, setting the stage for future advancements and opportunities.
Dubai WoodShow 2024: A global meeting of wood industry leaders
The expo, which was inaugurated by His Excellency Mohammad Ali Rashed Lootah, president and CEO of Dubai Chambers, is attracting …
- This project is expected to improve and increase water supply from 96 per cent to 100 per cent in Tanga City.
- The government of Tanzania adopted the Alternative Project Financing (APF) strategy in 2021
- Mark Napier, CEO of FSD Africa, commended the collaborative effort behind the Tanga UWASA Green Bond.
The first ever Sub-national Water Infrastructure Green Bond in East Africa, worth $20.8 million, has been issued by Tanga Urban Water Supply and Sanitation Authority (Tanga UWASA), an autonomous water utility.
This landmark transaction would fund the expansion and improvement of sustainable water supply infrastructure and environmental conservation within Tanga City and nearby townships. The 10-year project revenue bond listed at the Dar es Salaam Stock Exchange (DSE)Â offers an attractive interest rate of 13.5 per cent per annum to be paid semiannually.
The government of Tanzania adopted the Alternative Project Financing (APF) strategy in 2021 because of the need …
- Kigali-based Future Light Football Academy offers more than just a chance to excel in sports; it provides youth with a lifeline away from the dangers of life on the street and back to school and family life.
- To further drive their reach, impact, and sustainable growth in Rwanda, the sports academy is seeking partners from sports clubs to corporate organizations.
- Founded by Bram Vlaanderen, a Dutch lawyer based in Dubai with a big heart for Rwanda, and Eric Iracyadukunda, a Rwandese professional football player, the academy has the potential to turn into a center of excellence for youth development.
In the city of Kigali, Rwanda, amidst the towering skyscrapers and bustling streets, lies a beacon of hope and opportunity for the youth. Future Light Football Academy, a burgeoning center of sports excellence, stands as a testament to the power of dreams and determination.
Founded by Bram Vlaanderen, a Dutch …