The European Investment Bank (EIB) has shown interest in expanding its investment portfolio in Tanzania due to the government’s efforts to improve the business climate and stimulate investment in the country. Representatives from the EIB’s regional hub for Eastern Africa visited Tanzania’s Ministry of Finance and Planning, as well as other partners such as the...
Tanzania, Uganda beat Kenya to foreign direct investments.
Kenya has ended a five-year slide in foreign direct investment after it attracted deals worth Sh107 billion in 2022 but was still beaten by Tanzania, Uganda and Ethiopia in the race to attract investors. Findings of an annual survey by the UN Conference on Trade and Development (UNCTAD) suggest that foreign direct investment flows into...
Iran-Tanzania Trade Flourishes: Imports from Tanzania Increase by 35%.
According to the Iranian envoy, trade between Iran and Tanzania has witnessed significant growth. In the fiscal year 2021/22, Tanzania’s imports from Iran increased by 35 per cent compared to the 2019/20 financial year, amounting to goods worth $35 million (Sh82.25 billion). Conversely, Iran’s exports to Tanzania during the same period reached $95 million (Sh223.25...
Tanzanian passport ranked 2nd among EAC economies in latest Henley Passport Index ranking.
The latest Henley Passport Index, a Global passport ranking, has placed the Tanzanian passport in the second position scoring 101 trailing behind the Kenyan passport, which was placed in the 98th position. The Kenyan passport has dropped its position in the latest Index ranking, despite recent efforts by the government to secure more friendly bilateral ties,...
Tanzania’s sea and lake ports cargo volume up 26 pct to 6.5 million tonnes in Q1, 2023
The volume of cargo handled at major sea and lake ports in Tanzania increased by 26 per cent to 6.5 million tonnes in the first quarter of this year from 5.1 million tonnes recorded during a similar period last year, according to the Bank of Tanzania (BoT), Consolidated Zonal Economic Performance Report for the quarter...
China’s CNOOC Plans Offshore Oil, Gas Exploration in Tanzania.
China’s CNOOC Ltd is planning offshore oil and gas exploration with state-owned Tanzania Petroleum Development Corporation as the East African nation seeks to boost the development of its natural resources. The joint will be conducted in the deep-sea blocks 4/1B and 4/1C held by TPDC, according to Tanzania Energy Minister January Makamba. The acreage is...
Kenya, Tanzania electricity line to be commissioned in December.
Kenya has completed the construction of its portion of a $309.26 million electricity transmission line that will allow power imports and exports with neighbouring Tanzania before the end of the year. Energy Cabinet Secretary Davis Chirchir Tuesday said Kenya was installing meters along the transmission line of 507.5-kilometres ahead of the commissioning by December. The...
Tanzania-China Energy Partnership strengthened as Minister Makamba explores collaboration.
In a significant diplomatic move, the Minister of Energy in Tanzania, the Honourable January Makamba, embarked on an official visit to China in response to an invitation from China’s Minister of Energy, Dr Jianhua Zhang of the National Energy Administration. The visit, aimed at strengthening bilateral ties, witnessed fruitful discussions between Minister Makamba and his...
President Ruto takes a cue from Tanzania, proposing PPP model for management of five Kenyan Ports.
Kenya’s President William Ruto has unveiled an ambitious plan to lease and revitalize five critical ports through a public-private partnership (PPP) worth $1.4 trillion. The initiative aims to enhance the country’s maritime industry and improve competitiveness along the northern corridor. Under the proposal, the Kenya Development Corporation (KDC), a development finance institution, has confirmed that...
Direct and broader societal benefits of DP World partnership with Tanzania to enhance its logistics capabilities.
Global presence, experience and approach DP World has over 30 years of experience managing ports and terminals around the world, including our flagship Port of Jebel Ali and Jafza (Jebel Ali Free Zone) in Dubai. We are a leader in global end-to-end supply chain logistics – our comprehensive range of products and services covers every...