Wednesday 22 November 2017
(Xinhuanet 11/17/17)
The East African Community (EAC) member states are set to ratify the avoidance of double taxation treaty in order to boost regional integration, a Kenyan official said on Thursday. Barrack Ndegwa, Regional Integration Secretary in the Ministry of EAC, Labor and Social Protection, told Xinhua that heads of states of the EAC have already signed the protocol on double taxation. "What is now remaining is each of the six member states to individually ratify the treaty so that it is operational," Ndegwa said on the sides of the International Film Convention. EAC partner states include Kenya, Uganda, Tanzania, Rwanda, Burundi and South Sudan. Ndegwa said that once the tax treaty is operational, citizens working in...
(Xinhuanet 11/17/17)
Sino-African relations have entered a new development stage of win-win cooperation, according to the fifth Biennial Conference of China-Africa Industrial Forum (CAIF) that opened here Thursday. Supporting Africa's industrialization and capacity cooperation are of vital importance in the next five years and Sino-African trade is likely to total 180 billion U.S. dollars in 2017, said CAIF secretary general Cheng Zhigang in the opening speech. Sino-African economic and trade cooperation has great potential, said Cheng. China has been Africa's largest trading partner since 2009. Chinese investments in Africa exceeded 100 billion dollars in 2016, about 50 times as much as in 2010. China's investments in Africa have also diversified in business areas, from construction and mining to emerging industries such as...
(APA 11/14/17)
Tanzania’s government has lifted ban on maize export following mammoth harvests, which the National Food Reserve Agency (NFRA) can hardly exhaust. This was announced Tuesday by the Minister for Agriculture, Food Security and Cooperatives, Charles Tizeba, in Dodoma at the ongoing National Assembly session, which has been debating the 2018 draft fiscal budget and proposed National Development Plan. According to Tizeba, the move comes after an assessment of the current food stock against the NFRA’s budget for maize purchases. The...
(Xinhuanet 11/14/17)
The Tanzanian government said Monday it had lifted a ban on maize exports to the East African Community (EAC) and other African countries following an outcry from farmers amid surplus harvests. Charles Tizeba, Minister for Agriculture, directed regional and district executives to put in place proper mechanisms to ensure the exports were done legally. "Let farmers sell maize to markets of their choices, but they will have to seek permits from the ministry and approval from regional leaders," he told...
(Reuters (Eng) 11/14/17)
KIGALI (Reuters) - The global airline industry has $1.2 billion blocked in nine dollar-strapped African countries, the International Air Transport Association (IATA) said on Monday. The global commodities price crash that began in 2014 hit economies across Africa hard, particularly big resource exporters such as Angola and Nigeria. Low oil and mineral prices have reduced government revenue and caused chronic dollar shortages and immense pressure on local currencies. The fiscal slump has meant governments have not allowed foreign airlines to...
(Reuters (Eng) 10/31/17)
HARARE (Reuters) - Economic growth is expected to rise to 3.4 percent in sub-Saharan Africa next year from 2.6 percent in 2017, the IMF said in a report on Monday, but warned that rising debt and political risks in larger economies would weigh down future growth. Nigeria and South African are the biggest economies in Africa south of the Sahara, but both nations have been clouded by political uncertainty linked to the tenure of their leaders. The IMF said a...
(Reuters (Eng) 10/23/17)
DAR ES SALAAM (Reuters) - Tanzania’s new central bank governor will be tax law professor Florens Luoga, the country’s president said on Monday. President John Magufuli said Luoga would take over in December or January after the tenure of current governor Benno Ndulu expires. “I have decided to appoint a new (central bank) governor from among members of the committees that investigated the mining sector,” Magufuli said. He was speaking at a ceremony to award certificates of recognition to members...
(Xinhuanet 10/19/17)
Oman on Wednesday pledged to support Tanzania on its drive towards an industrial economy aimed at making the east African nation a middle-income country by 2025. Mohammed Al Rumhy, Oman's Minister for Oil and Gas, said his country will make heavy investments in industries, gas and oil and add value to minerals extracted in Tanzania, said a statement by the Directorate of Presidential Communications at State House in the commercial capital Dar es Salaam. Al Rumhy, who is leading a...
(AFP (eng) 10/18/17)
Rent-a-room giant Airbnb said Tuesday that it had provided accommodation for 1.2 million visitors to Africa over the last year -- double the previous year as tourism expands across the continent. The website now offers more than 100,000 accommodation options in Africa, global public affairs director Chris Lehane said on a visit to Johannesburg. "It's an incredibly rich and diverse continent, an incredibly dynamic place, certainly a big part of our future," Lehane told AFP. Airbnb was founded in 2008...
(APA 10/16/17)
APA-Dakar (Senegal) - The president of the African Development Bank, Akinwumi Adesina, will deliver the Norman Borlaug Lecture on Monday 16 October as part of the World Food Prize events taking place from October 16 to 20, 2017 in Des Moines, Iowa, USA. The Norman Borlaug Lecture under the title: “Betting on Africa to Feed the World”, will be held on World Food Day, October 16, in conjunction with the annual World Food Prize celebration. AfDB President Adesina will receive...
(AFP (eng) 10/10/17)
Economic growth in sub-Saharan Africa is set to accelerate to 3.4 percent next year, the International Monetary Fund said Tuesday, citing Nigeria's recovering oil and agricultural sectors. The IMF said in its latest World Economic Outlook report that the region would grow by 2.6 percent this year after 1.4 percent in 2016. "Growth is expected to rise gradually," it said, while noting that the rate would be uneven and "barely above population growth". GDP in the west African powerhouse Nigeria...
(APA 10/05/17)
APA Dar es Salaam (Tanzania) - Tanzania’s Minister for Agriculture, Livestock and Fisheries Charles Tizeba has on Thursday said while his government has not banned exports of grains it will regulate the process to ensure food security. The Minister made the statement while officiating the 7th African Trade Summit for East African Grain Council, with the theme "setting new horizons, rethinking grain trade for food Security and prosperity in Africa". He said while EAGC was advocating for policies allowing trade...
(Reuters (Eng) 10/05/17)
NAIROBI (Reuters) - Hilton Worldwide Holdings Inc. (HLT.N) plans to spend $50 million over the next five years to add 100 hotels to its chain in Africa, it said on Thursday, joining other chains keen to tap growing business and international travel on the continent. One property will open in the Kenyan capital Nairobi by the end of this year and another in the Rwandan capital Kigali in 2018, it said in a statement. There was 11 percent growth in...
(APA 10/02/17)
APA-Dar es Salaam (Tanzania) -The International Development Association (IDA) has issued a loan of $150 million through the Resilient Natural Resource Management for Tourism and Growth Project ‘REGROW’, whose development objective is to improve the management of natural resources and tourism assets in southern Tanzania. The credit which was approved Monday by the World Bank aims to achieve results over the next six years. In a statement, the World Bank country director for Tanzania, Malawi, Somalia and Burundi, Ms Bella Bird, said apart from improving management of natural resources, the loan is also aimed at increasing conservation and management of unique Protected Areas in southern Tanzania.
(APA 10/02/17)
APA-Dar es Salaam-(Tanzania) - Tanzania has on Monday threatened to take to court all agro dealers who inflated the price of fertilizer distributed through the voucher system, leading to a high price of Sh 38 billion ($16.5million). Minister for Agriculture, Food Security and Cooperatives, Charles Tizeba said his government is currently evaluating all voucher distributed in the last financial year, and those found guilty of inflating the prices will not be paid as well as taken to court. He made...
(AFP (eng) 09/29/17)
Government shutdowns of the internet have cost sub-Saharan Africa about $237 million since 2015, according to a study released Friday, as authorities increasingly implement planned disruptions. At least 12 countries have had internet shutdowns, often before elections or when protests erupt, with mobile internet networks most recently suspended in Togo during opposition demonstrations. "Internet disruptions, however short-lived, undermine economic growth, disrupt the delivery of critical services, erode business confidence, and raise a country’s risk profile," the CIPESA report said. The Collaboration on International ICT Policy for East and Southern Africa (CIPESA) released its...
(Bloomberg 09/27/17)
Studio 189, a label founded by actress Rosario Dawson and fashion executive Abrima Erwiah, is reinvesting in its African roots. It’s hard enough to build a fashion brand, let alone an empire. Rare is the person who makes a mission of using fashion to build communities. Such is the case with Studio 189, a label founded by longtime friends Abrima Erwiah (formerly a marketing executive at Bottega Veneta) and Rosario Dawson (an enduring star most recently seen in Netflix’s Marvel...
(Reuters (Eng) 09/26/17)
Israel’s Elbit Systems Ltd said on Tuesday it won a contract worth $240 million to provide a wide array of defense electronic systems to an unnamed country in Africa. The contract, which will be carried out over a two-year period, is comprised of Directed Infra-red Counter Measure (DIRCM) systems to protect aircraft from shoulder fired missiles, based on passive infrared systems, and includes missile warning systems, radio and communication systems, land systems, mini-unmanned air systems and helicopters upgrade.
(Reuters (Eng) 09/25/17)
New laws and a crackdown on mining firms in Tanzania has slowed fresh investment in what has long been seen as one of Africa’s brightest mining prospects as companies assess the consequences of government efforts to claim a bigger slice of the pie. Takeover bids and exploration plans have been canceled and workers laid off. The share prices of many firms listed in Australia, Britain, South Africa and Canada with interests in Tanzania have halved as the value of their...
(Voice of America 09/25/17)
African first ladies and activists hailed progress that some governments on the continent are making on gender equality. They met on the sidelines of the United Nations General Assembly in New York. “We used to have 23 percent female representation in parliament but, with the stroke of a pen it went up to 48 percent. So, we managed to double our female representation with that decision,” said Namibia’s first lady Monica Geingos at a roundtable invitation-only event co-hosted by the...

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