Browsing: John Magufuli


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 …

Gilbert Fossoun Houngbo, the IFAD president-The Exchange

The International Fund for Agricultural Development (IFAD) has set aside Ths.127.3 billion ($55.3 million) for funding agriculture projects in the country for three years beginning January 2020.

A State House statement said that IFAD president Gilbert Fossoun Houngbo revealed this on 20th May 2019 when he held talks with President John Magufuli.

Houngbo who was in the country for a three-day official visit hailed president Magufuli`s government for the strong efforts in implementing various development projects including those funded by IFAD.

He said after setting aside the funds, IFAD is now waiting for the Tanzanian government to indicate key areas for the money to be allocated, noting that he hopes the projects will be implemented since Tanznaia is a peaceful country, and given the way the government has shown its commitment.

In his remarks President Magufuli thanked the international agency for the support and promised that the working …


South Korea has managed to maintain its first position on 2018 Bloomberg Innovation Index for the fifth consecutive year.

The 2018 Bloomberg Innovation Index results published on January 22, 2019 which compiles the index based on data from sources including the World Bank (WB), International Monetary Fund (IMF) and Organization for Economic Co-operation and Development (OECD), credits South Korea`s top ranking to Samsung. The electronics giant is South Korea`s most valuable company and has received more US patents than any company other than IBM since the start of the millennium.

This innovation trickles down the supply chain throughout South Korea`s economy. It was divided into seven assessment categories namely, research and development (R&D), manufacturing, Hi-tech density showing the number of domestic high-tech companies, tertiary efficiency showing the total enrollment in tertiary education, research personnel and activity showing resident patent filings, total patent grants and patents in force per million population.…

John Magufuli-Tanzanian President-The Exchange

President John Magufuli on 1st May said there would be no pay rise for civil servants this year – the fourth time he addressed Workers` Day without salary increment – defending the position as meant to avoid inflation.

Addressing at the International Labour Day which was observed at the national level in Mbeya city in the Mbeya Region, the Head of State said his first priority is to build the economy, expressing optimism that development projects being implemented now shall warrant increments in future.

`I know you expected to hear me announce a pay rise. If I do that today, tomorrow transport and everything else will go up. Please be patient, ` the president appealed.

Prior to his address, the social media was awash with predictions that after celebrating three previous Workers` Day without announcing the sweet news, the president would not end his speech without the declaration of …

The Tanzania Trade Development Authority (TanTrade) said in a statement issued on Wednesday that the country is set to participate in the first China-Africa Economic and Trade Expo to be held in Changsha, the capital of central China’s Hunan province between 18th and 20th June, 2019.

The body has also urged the local companies to grab the `golden chance` provided by the trade expo which will focus on trade, investment, finance, agriculture, mining, energy, tourism and infrastructure.

Officials will sign bilateral agreements during the exhibition, engage in investment promotions, and establish a “new mechanism” for future economic cooperation.

The expo is part of a slew of promises made by president Xi Jinping during last September’s Forum on China–Africa Cooperation (FOCAC) in Beijing. During his speech to African leaders, President Xi proposed eight initiatives aimed at pursuing a “win-win” strategy giving new impetus to economic, political, and security collaboration. …