Browsing: Tanzania

• Dubai Ports World (DP World), based in the United Arab Emirates, is rapidly expanding its operations across Africa to become a dominant player in the region’s commerce.
• Establishing a streamlined commerce corridor connecting East Africa and the Great Lakes region is a fundamental plank of DP World’s overall strategy.
• DP World seeks to regulate and strengthen African trade by tackling the difficulties of logistics and storage with cutting-edge digital solutions.

Dubai Ports World in Africa

As the Africa Continental Free Trade Act ushers in a new era of African trade, a significant participant rises from the Arabian Peninsula. Dubai Ports World (DP World), based in the United Arab Emirates, is rapidly expanding its operations across Africa to become a dominant player in the region’s commerce.

The story’s action begins in one of East Africa’s thriving harbours. The vast potential of the Kenyan ports of Mombasa, Lamu, Kisumu, and Naivasha has …

• An Egyptian company’s plan to build an industrial city in Kibaha by El Sewedy Industrial Development is a prime example of the growing complementarity between resources in the Middle East and those in Africa.
• Investing $400 million to create over 50,000 employees is more than a commercial move. This strategic move demonstrates Egypt’s growing clout in East Africa.
• As a result of growing interest in investing in African countries from the Middle East, the dynamic between these two regions is likely to reshape long-established economic alliances and partnerships.

Egyptian company Elsewedy’s remarkable investment in Tanzania

An Egyptian company’s plan to build an industrial city in Kibaha by El Sewedy Industrial Development is a prime example of the growing complementarity between resources in the Middle East and those in Africa. Consequently, completing a historic project in Tanzania represents a watershed moment in Africa’s economic progress.

Investing $400 million to create over …

• Tanzania will export liquified natural gas through the pipeline to Uganda
• Tanzania will build several plants along the route for domestic use of the gas
• Uganda plans to use the gas for power generation, especially for its iron mining projects

Tanzania and Uganda signed a deal finalising the 2018 MoU on joint natural gas pipeline construction. Tanzania’s Deputy Prime Minister Doto Biteko and his Ugandan counterpart, Minister of Energy and Mineral Development Ruth Nankabiriwahe, signed the deal on November 9

The 1800-kilometre pipeline will run from Tanzania’s southern regions of Lindi and Mtwara to Uganda’s capital, Kampala. This will be the first trans-border gas pipeline in East Africa and is expected to boost economic growth in both countries significantly. The multimillion-dollar project will create jobs along the construction route in both countries.

No official figures have been made public regarding the project’s total value or where the funding will come …

• To lessen its carbon footprint, Tanzania is adopting the use of vehicles that run on compressed natural gas (CNG).
• Plans are underway to set up CNG refilling stations in Dar es Salaam, Morogoro, and Dodoma cities.
• Tanzania’s $42 billion Liquid Natural Gas (LNG) project makes the transition to natural gas-powered vehicles a viable initiative.

In Tanzania, a new revolution to reduce carbon footprint is underway. The government is rolling out a plan to cease the use of crude oil for its government vehicles. This is part of a larger national initiative to reduce carbon footprint and adopt a more environmentally friendly system.

Instead of oil, the Tanzania Government Procurement Services Agency (GPSA) will now purchase vehicles that run on compressed natural gas (CNG).

A CNG vehicle is a car powered by natural gas rather than gasoline or diesel fuel. These cars are not specially manufactured to use CNG. Instead, automakers …

• While Tanzania has imposed restrictions on grain exports, Kenya has prohibited the import of various grains.
• These ongoing grain import bans are strategies set to tame the escalating food inflation in the region.
• However, the import ban on wheat and maize will negatively impact Tanzanian traders who rely on the Kenyan market.

Kenya and Tanzania, two countries renowned for their evergreen grain trade, are now wielding the ban hammer on grain imports. This unexpected twist in the tale stems from a compelling synergy of motives—protecting local farmers reveling in bumper harvests and quelling the waves of food inflation.

As we delve deeper into this intriguing narrative, we will uncover the captivating dynamics at play, exploring the economic, agricultural, and geopolitical forces that have orchestrated this harmonious yet complex symphony of trade regulation.

Kenya and Tanzania deploy grain imports/exports ban

While Tanzania has imposed restrictions on grain exports, Kenya has prohibited …

Contrary to her predecessor, President Samia’s pro-business approach has yielded impactful results, paving the way to a prosperous investment journey for Tanzania. President Samia’s administration spent the first year and ten months dealing with various drawbacks that hurt the nation’s ability to market its investment potential to the world.

The government of Tanzania has done away with an unfriendly taxation system, complexity in issuing work permits to foreigners, and trade setbacks. Consequently, Tanzania’s pro-investment approach caught international economic analysts’ attention, including global credit rating, research and data, and Moody’s.…

Tanzania has reasserted its commitment to developing its mining sector and improving its investment environment to attract more Foreign Direct Investment. President Samia Suluhu Hassan affirmed this at the 2023 Tanzania Mining & Investment Forum (TMIF) in Dar es Salaam.…

As the sun set over the Indian Ocean, casting a golden hue over the bustling Dar es Salaam port, a new chapter awaits in Tanzania’s maritime history. In a strategic move, the Tanzanian government inked a 30-year concession agreement with Dubai’s state-owned ports operator, DP World.

More than a business transaction, this partnership will see DP World operate and modernize parts of the Dar es Salaam port. The partnership speaks to Tanzania’s vision of dominating East Africa’s maritime space. It also shows Tanzania’s commitment to infrastructure development and international collaboration.…

Initially, Beem Africa was introduced as a bulk SMS services company. However, over the decade, it has silently evolved to become the driving force behind text messages from some of the most prominent brands. Companies like Toyota, Pizza Hut, Access Bank Tanzania, SPENN, CRBD Bank, among others, have harnessed the power of Beem Africa to connect with their audience in a more personal and effective way.…

The Confederation of African Football (CAF) has selected Kenya, Tanzania, and Uganda to host the 2027 Africa Cup of Nations (AFCON) over bids from Morocco, Algeria, Senegal, Botswana, and Egypt. The East Africa joint bid, commonly called the “Pamoja AFCON Bid,” has won the hosting rights for the 2027 AFCON as Morocco takes the rights for the 2025 showpiece.

CAF president Patrice Motsepe announced the news on Wednesday morning, 27 September, shortly after the body held an executive committee meeting in its headquarters in Cairo, Egypt. Recommendations from several nations boosted the East Africa Pamoja AFCON Bid. In a move that will elate East African sports enthusiasts, the CAF Executive Committee chose the Pamoja Afcon Bid.…