Login

Lost your password?

Sign Up

Register

Login

Login

Lost your password?

Register

Saturday, May 21, 2022
  • Home
  • Banking
  • Industry & Trade
  • Investing
  • Money Deals
  • Regional Markets
  • Tech & Biz
  • Countries
  • Opinion

Africa's
Investment
Gateway

The Exchange
  • Login
  • Register
Subscribe
This Month's Edition
Previous Editions
  • Home
  • Banking
  • Industry & Trade
  • Investing
  • Money Deals
  • Regional Markets
  • Tech & Biz
  • Countries
  • Opinion
No Result
View All Result
The Exchange
  • Home
  • Banking
  • Industry & Trade
  • Investing
  • Money Deals
  • Regional Markets
  • Tech & Biz
  • Countries
  • Opinion
No Result
View All Result
The Exchange
LOGIN
President John Magufuli addressing  SADC delegates.

President John Magufuli addressing SADC delegates.

Tanzania: President Magufuli Launches SADC

Tanzania exports to SADC exceed more than $ 999 million, 12.16 percent rise

by Giza Mdoe
August 7, 2019
in Industry and Trade, Tanzania
0
Share on FacebookShare on LinkedIn

Tanzania’s President John Magufuli has today launched the SADC industrialization week ahead of the upcoming Summit of SADC Heads of state.

This is the fourth SADC industrialization week and it is running under the theme; A Conducive Environment for Inclusive and Sustainable Industrial Development, Increased Intra-regional Trade and Job Creation.

The event isbeing held from the 5th – 9that the Julius Nyerere International Convention Centre (JNICC) in Dar es salaam. It highlights ongoing regional efforts to realize the SADC Industrialization Strategy and Roadmap 2015-2063.

Speaking at the launch, President Magufuli, who took office in 2015 on the industrialization ticket said Tanzania will continue to push the industrialization agenda as the key to national development especially through agricultural value chains which in turn opens up new employment opportunities for youth in the country.

Known as SADC Industrialization Week (SIW), the event has attracted over 3000 compnaies for the week long exhibition.

Of these companies, over 1500 are product exhibitors and pf these, over 1400 are Tanzanians exhibitors, a turn out that has been described as ‘a clear sign of Tanzania taking on the industrialization agenda.’

Speaking to press at the launch, Tanzania’s Minister of Industry and Trade, Mr. Innocent Bashungwa  said Tanzania’s trade with other SADC countries has been on the rise.

According to the Minister, Statistics Tanzanian exports to SADC countries in 2018 were $ 999.64 million, compared with $ 877.8 million in 2017 this equates to an increase of 12.16 percent.

“The event is a public-private engagement platform that helps to foster new opportunities for intra-African trade and investment in the southern African region – SADC.

The event is held annually to promote the continent’s industrialization agenda. The first industrialization week was first held 3 years ago during the 36th SADC Heads of State Summit in Mbabane, Swaziland in 2016.

The SADC Industrialization Strategy and Roadmap 2015-2063 recognizes the importance of technological and economic transformation of the SADC region through industrialization, modernization, skills development, science and technology, financial strengthening and deeper regional integration.

The strategy and roadmap is anchored on three pillars — industrialization, competitiveness and regional integration. Strategic interventions for each of these pillars are proposed in the action plan.

Background

This is the 39th Southern African Development Community (SADC) Heads of State Summit under the theme “Competitive Business Environment for Inclusive and Sustainable Industrial Development.”

To be held on Aug 17 – 18, the Summit will bring together 16 Heads of State to deliberate agendas endorsed by the SADC Council of Ministers.

Towards close of the industrialization week, the Heads of State and Government Summit will proceed for two days (17-18) at which meeting, Tanzanian President John Magufuli will be inaugurated Chairman of the SADC.

President Magufuli, who is now the deputy chairperson of SADC, will be taking over leadership of the regional body from his Namibian counterpart, President Hage Geingob

Speaking to press ahead of the event, Tanzanian Foreign Affairs and East African Cooperation Minister, Prof. Palamagamba Kabudi described the Summit as an ‘important meeting that gives shape and focus to the regional integration agenda of southern Africa.’

“Hosting the SADC Summit is a great honour to us as a nation,” media quoted Prof. Kabudi.

Tags: Africa Industry and TradeJohn MagufuliSADC

STATE OF ECONOMY - GET THE REPORT

ASSESSING EAST AFRICA

Loading...

Giza Mdoe

Giza Mdoe is an experienced journalist with 10 plus years. He's been a Creative Director on various brand awareness campaigns and a former Copy Editor for some of Tanzania's leading newspapers. He's a graduate with a BA in Journalism from the University of San Jose.

Related Posts

Zimbabwe President Mnangagwa (with scarf) with Swiss Bioceuticals Limited at the commissioning of the cannabis farm and processing plant (Photo/ Farmers Review Africa)
Industry and Trade

Medicinal cannabis farming takes root as Zimbabwe starts licensing farmers

May 20, 2022
Africans transforming the beauty and cosmetics market. www.theexchange.africa
Industry and Trade

Africa: Women to spend more billions on beauty products as infrastructure spending grows

May 18, 2022
Tanzania and Uganda Enhance Trade and bilateral relations during Samia's state visit. www.theexchange.africa
Industry and Trade

Tanzania, Uganda scrap road tolls and allow sugar exports in enhanced bilateral relations

May 18, 2022
Next Post
Microsoft's Africa Development Centre poaches top brain from Equity's Finserve

Microsoft's Africa Development Centre poaches top brain from Equity's Finserve

Leading electronic financial services company NilePay PLC has partnered with Zain South Sudan to launch the first licensed mobile money service in South Sudan.Dubbed ‘NilePay Mobile Money’, the service is expected to deepen financial inclusion in South Sudan. Most people in South Sudan's capital have been relying on unlicensed mobile operators to transfer money through platforms created by MTN Uganda and Kenya's M-PESA. The partnership is geared towards eliminating significant barriers that have hindered consumers in the country from taking full advantage of global eCommerce.

Nilepay mobile money launches in South Sudan

East African Portland Cement Company - The Exchange

East African Portland Cement to lay off all its staff to curb losses




This months edition

May Edition

Features

EdTech role in African development
Tech & Business

EdTech’s role in African development

by Kanyali Muthui
May 16, 2022
0

Due to the pandemic, the topic of innovation in education has never been more crucial.  While most developed countries moved...

Read more
investment in African science and technology
Tech & Business

Investing in Africa’s science and technology: Where are we now?

by Kanyali Muthui
May 16, 2022
0

The continent’s digital revolution can largely be driven by building the necessary skills for the short- and long-term future, and...

Read more
Fintech revolution in Africa
Tech & Business

The Fintech Revolution in Africa’s FX Markets

by Kanyali Muthui
May 11, 2022
0

With over 548 million registered mobile money users in sub-Saharan Africa, increased internet access and readily available mobile money solutions,...

Read more
www.theexchange.africa
Countries

US – Nigeria Trade Relations: An Overview

by Wanjiku Njugunah
May 2, 2022
0

Nigeria is currently the United States' 54th largest goods trading partner, with US$7.8 billion in total goods trade as of...

Read more
A previous conference for African Insurtech sector. The Insurtech boom is deepening insurance uptake in Africa. www.theexchange.africa
Tech & Business

Insurtech boom deepening the uptake of insurance in Africa

by june njoroge
May 2, 2022
0

Kenya-based Pula is another distinguished insurtech making waves in the continent. It provides small scale farmers with agricultural insurance and...

Read more

News

Banking
Industry & Trade
Investing
Money Deals
Regional Markets
Tech & Biz
Opinion

Countries

Kenya
Tanzania
Uganda
Burundi
Rwanda
Southern Africa
Ethiopia

More

My Account
Contact us
Advertise
About us
Help Center

Subscribers Center

E-paper
Premium Stories
Education Rates
Corporate Subscriptions
Weekely Newsletter

  • My account
  • About us
  • Advertise
  • Contact
  • Privacy Policy
  • Refund Policy – The Exchange
  • Sitemap

No Result
View All Result
  • Home
  • Banking
  • Industry & Trade
  • Investing
  • Money Deals
  • Regional Markets
  • Tech & Biz
  • Countries
  • Opinion
  • Login
  • Sign Up
  • Cart

© 2021 The Exchange - Powered by MediapixManaged by Supported by Digihandler,

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In