China`s economic miracle is a combination of several factors, including globalization, openness and cooperation, a prominent Chinese national stated.

Speaking during a high-level business talk in Dar es Salaam, board member, deputy secretary and member of the party committee at Moutai Group, Wang Yan, said 40 years ago, China was poorer than most African countries at present.

The business talk, which was graced by former Prime Minister, Mizengo Pinda held in Dar es Salaam, was part of the `Cultural Moutai, Colourful Guizhou` – China Kweichow Moutai Belt and Road Branding Initiative in Tanzania.`

The business talks also coincided with the launch of Moutai liquor in Tanzania.

`Africa is still developing. China`s development miracle from being the poorest country in the world to today has showcased the profound power globalization, openness and cooperation have over people`s lives……I remember vividly that over 40 years ago, the income of these families was extremely …

Tanzania is on the right track in implementing the Africa Mining Vision (AMV)-a continental initiative aimed at seeing minerals drive development of endowed countries, it has been observed.

Speaking in Dar es Salaam on 9^th May, 2019 during the regional dialogue on `Enhancing National Ownership in the mining sector, the United Nations Development Program (UNDP) Resident Representative Natalie Boucly said that Tanzanian government has undertaken key reforms which are constituent with the AMV principles.

The Africa Mining Vision was adopted by Heads of State at the February 2009 AU summit following the October 2008 meeting of African Ministers responsible for Mineral Resources Development. It is Africa’s own response to tackling the paradox of great mineral wealth existing side by side with pervasive poverty.

Boucly said it was according to the overall findings of the Gap analysis study conducted by UNDP in collaboration with the Uongozi Institute to analyze AMV …

The East and Southern Africa Breeding Network (ESABN) on 4^th May, 2018 launched the accelerated genetic gain in rice (AGGRI) project aiming at the empowering women involved in rice value chain in the region.

The launch of the project was on the sideline of the just- concluded three-day 11^th East and Southern Africa Breeding Network meeting held in Dar es Salaam.

Speaking soon after launching the initiative, representative of International Rice Research Institute (IRRI) for Eastern and Southern Africa, Abdelbagi Ismail said that the beneficiaries will be unified by a set of standards developed to make breeding decisions consistent with the demand of regional farmers, consumers and processors.

Funded by Bill and Melinda Gates Foundation (BMGF), the Initiative is also aimed at expanding International Rice Research Institute (IRRI) `s variety testing network into a globally aligned, modernized, rice breeding `community of practice`

In another development, IRRI`s targets …

The Tanzanian shilling is expected to hold steady against the United States dollar in the second quarter of 2019 due to increased inflows of the greenback from tourism,  agriculture exports and demand from corporate to meet the 2018 dividend obligations.

The National Microfinance Bank (NMB) Market Digest said in its report that the second quarter will witness increase of inflows from tourism and agriculture thus bolstering the local unit.

The report stated that with traditional inflows mostly from tourism and agriculture expected to increase by June, the local unit is to hold steady with minimal volatility as the central bank continues its liquidity management efforts to preserve calm market conditions.

Further, according to the report, the local currency ended the quarter strongly after trading weaker during the first two months of the year to appreciate by 2.1 per cent. The quarter opened at Tshs.2,300 per dollar, traded to a high …

Many firms cited issues with money circulation in the economy which had a notable impact on activity levels.…

Another case of African Swine Fever (ASF) has been reported this month in the Heilbron area in the Free State province, the Agriculture, Forestry and Fisheries Ministry revealed on Monday.

In a statement spokesperson, Khaye Nkwanyana, said: “This follows outbreaks in April 2019 in the North West, Mpumalanga and Gauteng provinces.

“All four outbreaks occurred outside of the ASF controlled area of South Africa and have been reported to the World Organisation for Animal Health.

“The affected areas have been placed under quarantine and provincial veterinary services are applying the necessary disease control measures.”

Nkwanyana said veterinary services together with the industry were conducting follow-up investigations to trace the origin of the disease and to identify other farms that may possibly be affected.

In order to prevent the spread of ASF, the ministry has warned pig buyers to, “make sure you buy pigs only from reputable owners, and insist on …

Chinese multinational telecommunications giant Huawei said on Monday that it had partnered with 48 local developers of mobile apps, and was still looking for more, in a drive to promote South African digital talent on its mobile app store.

Huawei Mobile Services was launched in South Africa in June last year. Since then, both the mobile app store Huawei AppGallery and Huawei Themes have become increasingly popular with the local market.

Lu Geng, director of Huawei consumer cloud service for southern Africa region, said 48 developers have recently registered their apps with Huawei following a Developers’ Day where Huawei executives met with South African developers to discuss Huawei’s offering.

“South African consumers are increasingly wanting more apps that are relevant to their unique circumstances, addressing issues they experience regularly – such as load shedding or safety concerns – but also apps that celebrate South Africa’s multitude of cultures and this …

Coca-Cola Africa is partnering with African Utility Week and POWERGEN Africa to gather critical inputs and insights from leaders in the water sector, to help understand how the Company and other corporates can address Africa’s water security.

The initiative runs between May 14 and 16, at the Cape Town International Convention Centre.

According to Coca-Cola, the partnership is in line with the company’s approach to continually engage the right stakeholders, to ensure it is responsive and collaborative in its water stewardship strategy.

“The Company has made significant strides in improving its water-use ratio over the past ten years, and recently announced that three million more people across Africa have improved access to safe water under its Replenish Africa Initiative (RAIN) – the largest public-private partnership focused on water in Africa,” explains Dorcas Onyango: Head of Sustainability for Coca-Cola Southern and East Africa.

Coca-Cola Africa continues to fulfill its global goal …

International trade in sand and gravel is growing due to high demand in regions without local sand and gravel resources and is forecast to rise 5.5 per cent a year with urbanization.…

Sub-Saharan hospitality investment platform Kasada Capital Management has reached a first close on its maiden fund Kasada Hospitality Fund LP with equity commitments of over USD 500 million.

This is in line with a first announcement disclosed in July 2018 by Katara Hospitality and Accor who are respectively contributing USD 350 million and USD 150 million. In a region which offers robust growth opportunities, the fund will target both greenfield and brownfield projects.

The hospitality market is currently one of the most promising and yet underserviced sectors in Sub-Saharan Africa where growing economies and emerging middle class are creating high-growth markets that are left largely untapped.

The first platform of its kind in Sub-Saharan Africa, Kasada Capital Management intends to bridge the gap between the local hospitality market players and international investors.

The team is co-led by Olivier Granet (CEO and Managing Partner) a former CEO of AccorHotels Middle East …