Industry in Tanzania

  • Ethiopia: Praising Record Feat, Lagarde Emphatic Calling for Reforms

    BOTSWANA, 2018/01/06 The Managing Director of the International Monetary Fund (IMF), Christine Lagarde, is to arrive in Addis Abeba today, to start what is a historic visit by the Fund’s most senior official since its founding next the Second World War. She will be talking to Ethiopian authorities, inclunding Prime Minister Hailemariam Desalegn, on issues of macroeconomic stability and monetary policy matters. In her exclusive interview with (Addis) Fortune, Lagarde praised Ethiopia’s economic performance of the completed few years as “strong” with “positive Prospects”. However, she would like to see Ethiopian authorities exercise restraints in “public spending” while urged them – rather emphatically – to control borrowing from overseas to finance public projects and strengthen export competitiveness.
  • East Africa moves to curb used car imports, boost local assembly plants

    DJIBOUTI CITY, 2016/06/13 East African states are tightening controls on used car imports in a drive to cut pollution and boost the local manufacturing industry. Kenya recently announced that it would scale up its used car emissions laws, joining Uganda which has by presently introduced related taxes. Cabinet Secretary in Kenya’s Ministry of Transport James Macharia said that the policy would any minute at this time be in place and that motorists found to be in breach of the law risk having their cars deregistered. “By the end of the year, we will require vehicles countrywide to undergo a mandatory inspection to determine their level of toxic emissions,” said Mr Macharia.
  • Tanzania: Ban On Sugar Imports Could Force Factories to Shut Down

    TANZANIA, 2016/03/16 Carbonated drink manufacturers have raised the alarm over possible suspension of production should the government not end a growing crisis apparently triggered by sugar imports restriction. The manufacturers have written to the Chief Secretary seeking National Home intervention next they failed to get permits to clear consignments of refined industrial sugar--the key raw material used in their production--part of which is by presently at the Dar es Salaam Port. They are protesting inactivity on the part of the Tanzania Sugar Board (TSB) and the agriculture ministry which ought to have granted them clearance to obtain the sugar. Reports say stocks in some of the firms can only last two weeks.
  • Tanzania Insurance Regulatory Authority

    TANZANIA, 2013/07/27 Tanzania Insurance Regulatory Authority has procured facilities to enhance its capacity to supervise and regulate operations of the industry electronically. Commissioner of Insurance Israel Kamuzora said in Dar es Salaam that the insurance regulatory body has procured the services of Dublin-based M/s Vizor Limited to develop, install and deploy the Risk Based Supervision System. The system in software and hardware form will streamline the authority's insurance sector supervision operations, Mr Kamuzora said while opening a two-day course on Vizor regulatory software application to insurance players in the country. The Commissioner said the over 900m/- project is part of the implementation of the Financial Sector Support Project (FSP) that the World Bank has funded under the coordination of the Bank of Tanzania. The system, said Mr Kamuzora, will enable insurance companies and brokers to submit all required supervisory data online. 
  • Tanzania To Build 50 More Factories To Boost Economy

    TANZANIA, 2013/05/30 Tanzania’s agriculture-based economy is poised for major transformation as additional than 50 factories are to be built in the Mtwara gas-rich region. This emerged at the ground-breaking function of the $500 million Dangote cement plant that will be built in that region. It is believed that this cement factory will be the biggest in Sub Saharan Africa with the ability to make about 3 million metric tonnes of cement each 12 months.
  • Nation Earns U.S.$305 Million From Extractive Industries

    TANZANIA, 2012/12/27 Tanzania's compliance with the Extractive Industries Transparency Initiative (EITI), which promotes better transparency and accountability in managing oil, gas and mining sectors, is a milestone for the country's economic increase prospects.