Browsing: ITC

Invest in Tanzania Best companies to invest in Tanzania, why invest in Tanzania
  • The tripling of investment in 2022 is a statement to the world that the East African nation is open for business.
  • The success is a straightforward strategic plan from President Samia’s administration since she assumed office in March 2021.

Tanzania Investment Centre (TIC) records show that the year 2022 has made the statement ‘Invest in Tanzania’ hold water. Over the past months, several activities have echoed across multiple fields, including manufacturing, transportation and tourism.

TIC records show that from July to November 2022 there was an increase of 22.2 percent in investment projects (132 registered projects) compared to 102 projects registered during the same period in July to November 2021.

In October, the American firm Moody’s Investors Service changed its status on Tanzania’s outlook from stable to positive, noting that political risks have declined under President Samia Suluhu Hassan’s administration, which concurrently promotes economic development and strong diplomatic ties.

Tanzania’s …

A port. The Dubai Chamber’s ‘Why Africa?’ initiative is focusing on East Africa and explores key economic indicators and their analyses in the continent. www.theexchange.africa

The training programme was launched during the Intra-African Trade Fair 2021 (IATF2021), taking place in Durban, South Africa from November 17 to 21. For previously under-represented populations, the training programme strives to break down barriers to commerce.
The AfCFTA’s ‘How to Export with the AfCFTA training programme’ was designed with African businesses in mind. Small enterprises will be equipped with the tools they need to take advantage of the new trading climate and the AfCFTA’s operationalization.
In 2020, Afreximbank and ITC begun a trial programme in Côte d’Ivoire, Nigeria, and Rwanda as a test of this new programme concept. There were around 1,500 applications for the course within the first few days of its release, indicating a strong degree of interest in its subject.…

A kiosk on a street corner. Small-business owners and young entrepreneurs in Africa will be trained to trade with other African countries as part of the new AfCFTA. www.theexchange.africa

Accounting for about 16 per cent of the world's human population, the demands continue increasing especially for job creation, food security and education among others.…

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Coffee beans. The EAC should invest in SMEs since they are critical contributors to GDP growth of the region which mainly exports agricultural commodities in raw form. www.theexchange.africa

The EU presents a huge opportunity for the EAC region SMEs making it a great platform for those in the sector to market their products in Europe.…

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An empty wallet. Innovations enabled by e-commerce platforms and gig work should be encouraged and scaled up to help keep SMEs thriving. www.theexchange.africa

Kenya long-term development blueprint, Vision 2030, seeks to transform Kenya into an industrializing, high middle-income country…

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Absa bank Kenya Managing Director Jeremy Awori with staff during the official unveiling of the Absa brand in Kenya. The bank has set aside Sh10 billion for women entrepreneurs. www.theexchange.africa

Absa Bank Kenya has announced a Ksh10 billion fund to advance credit to women-owned small and medium enterprises over the next five years.

The kitty comes as part of the new customer value propositions under the Absa brand.

The women fund is part of the bank’s commitment towards advancing diversity and inclusion by empowering women with financial resources and capacity building to grow their businesses.

The money will be availed to women entrepreneurs through the existing banking products including unsecured and secured loans, trade finance, asset finance, property finance and working capital facilities.

“Women form over 50 per cent of the local and global population and account for a significant percentage of the SME sector. However, their participation in the national economic development is often stifled by limited access to financial resources and social-cultural restrictions. We are confident that this proposition, coupled with the additional interventions we continue to make, …