Zimbabwe’s manufacturing sector is presently, gravely constrained to take full advantage of the opportunities to be created by Africa Continental Free Trade Area (AfCFTA) trading block. Read more.
Kayonza Distribution Company Ltd, a Rwandese retail and distribution company, has invested US$10 million in the establishment of an edible oil manufacturing plant. Read more
African Guarantee Fund for Small and Medium-sized Enterprises (AGF) has signed a Memorandum of Understanding (MoU) with Tanzania Agricultural Development Bank (TADB) to disburse up to USD 20 million in loans to agribusinesses in Tanzania. Read more.
The United Nations World Food Program (UNWFP) says southern Madagascar is perennial droughts that are pushing 400,000 people toward starvation and have already caused deaths from severe hunger.
The Tanzania Revenues Authority (TRA), has announced that from 1st July 2021 the requirement of 15% import tax on sugar for industrial use will be waived. Read more.
The price of food in Seychelles has risen 19 %, while non-food commodities are up 10.5% in the mid-year review figures recently released by National Bureau of Statistics compared the same period a year ago. Read more.
Rwanda Mines, Petroleum and Gas Board (RMB) estimated that over 50 % of the minerals are lost due to poor mining techniques. Read more.
The treasury has indicated plans to raise $30 billion through the issuance of Treasury Bills and bonds to finance more Government projects in line with the 2021 National Budget. Read more.
‘The project is one of Tanzania’s priorities under its Second Five-Year Development Plan and will also advance the objectives of the country’s Vision 2025’