African Business News

Tanzania gets over 100 mln Euro agriculture sector support from EU

The European Union (EU) and the government of Tanzania on Tuesday have signed a 103.5-million-Euro financing agreement to improve productivity in the agricultural sector.

 A joint statement by the EU and the government of Tanzania said will focus on horticulture, coffee and tea to improve agricultural productivity.

Read more...

East Africa 's Low cost car assembly and manufacturing plants head up for success

The East African Community is paving way for more local assembly points and manufacturing plants of affordable vehicles in the region.

This comes day after an Extra Ordinary Sectoral Council on Trade, Industry, Finance and Investment met last week to have conversations on industrialization matters in the community which has become a major agenda for the EAC Heads of State Summit.

Read more...

Tanzania acquires coffee, tea and legumes market in China

Tanzania Trade Development Authority (TTDA) has said that the country has secured a market for coffee, cashew nuts, ginger, tea, peas, and legumes in China where there is high demand for the commodities.

A media report said that the development was announced by TTDA Director General, Mr Edwin Rutageruka after the Asian country was impressed by the commodities during ChinaASEAN expo 2018 held in China.

Read more...

Tanzania's Cassava crop finds Market in China

The ongoing China-ASEAN Expo 2018 has promoted investment and trade opportunities in Tanzania, yielding positive results with some Chinese investors expressing interest in processing cassava starch.

The good news comes amid the 1 billion US dollars (about 1.22trl/-) agreement between the governments of Tanzania and China in commercialization of the tubers, which are on high demand in Asian countries, particularly China.

Speaking on the sidelines of the Tanzania Promotion Conference and Business Matching yesterday, the Managing Director of

Read more...

Latest African news, articles, business information and special reports from across the African continent.