African Business News

Trading Drift Between Dar es Salaam, Istanbul Improves

TANZANIA ought to take advantage of existing bilateral relations with Turkey, to double trading activities among the two countries.

The Minister for Industries and Trade, Dr Abdallah Kigoda, said in Dares Salaam that the growing volume of trade between the two countries has increased exorbitantly from 12.3 million US dollars in 2005 to 196 million US dollars last year, thanks to the Trade Agreements signed in 2010.

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SA Firms Ready to Invest in Zimbabwe

SOUTH AFRICAN companies are ready to invest and create business partnerships with Zimbabweans and help do away with the credit crunch that is hindering economic growth in Africa.

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World Bank Gives Sh3.4 Billion to Boost Private-Public Deals

THE World Bank has approved a Sh3.4 billion ($40 million) loan to Kenya to support public-private sector partnerships.

The amount was announced yesterday for the Infrastructure Finance Public-Private Partnership Project aimed to support Kenya to improve its enabling environment and generate bankable public-private partnership projects in transport and energy sectors.

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Uganda govt to open up mineral sector

The current licensing policy is based on first come first service basis, which deprives the country of good resource rent which would otherwise accrue through competitive bidding.

“The licensing policy and regulatory regime is not robust enough to ensure strong governance,â€ÂÂ

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