Tanzania: Latest News
Dana Sanchez, 8:48 am
Microbial solutions for pesticides and fertilizer are revolutionizing Western agriculture, but are slow getting started in Africa. There’s an overwhelming need to improve soil health and crop productivity on the continent. Yields have been stagnant for decades for several staple food crops. The bacteria living in roots, leaves and soil that help plants absorb nutrients, fight disease, and resist drought are less toxic than chemical ones, and potentially more efficient for farmers.
Kevin Mwanza, 8:42 am
The Abraaj Group, a United Arab Emirates (UAE) based private-equity investment firm, is seeking to invest in Kenya’s growing healthcare market and use it as a launching pad to build a network of hospitals to offer decent and affordable medical services in Africa. The Dubai-based group is in talks to acquire Metropolitan Hospital and other healthcare centers in the capital of East Africa’s biggest economy
Kevin Mwanza, 5:00 am
Tanzania has pulled out of the East African Community (EAC) common visa, in a move described by analysts as a plan to protect itself from economic competition from the region’s other nations. The decision effectively locks out Tanzania from ‘coalition of the willing’, an initiative by the region’s nations of Kenya, Uganda and Rwanda to promote tourism and enable their nationals to freely engage in business without restricted movement
Kurt Davis Jr., 9:53 am AFKI Original
Critics argue the Trans-Pacific Partnership will cancel out trade benefits that many African countries have under the African Growth and Opportunity Act. Others say TPP is the newer, better AGOA. The next trade agreement between the sub-Saharan African countries and the U.S. as well as Europe should be a better version of TPP. Intra-Africa regional trade still accounts for just 25% of total exports in sub-Sahara. By comparison, European and Asian intra-regional exports are at 70% and 50%. Sub-Sahara still has a way to go.
Kevin Mwanza, 6:00 am AFKI Original
The governments of Ethiopia and Djibouti opened a 752.7 kilometer electric railway, to serve the two horn of Africa neighbors. The railway will provide a faster transportation of goods and people between the two nations. It will also boost Ethiopia’s landlocked economy through the transport of cargo from the Port of Djibouti. The port handles about 90 percent of the imports into Ethiopia. Below are 10 things you need to know about the railway.
Kevin Mwanza, 4:58 am
Atlas Mara, an Africa-focused investment vehicle set up by ex- Barclays CEO Bob Diamond, has experienced hard times in its efforts to become the leading financial player in sub-Saharan Africa and capitalize on the continent’s vast unbanked population. Diamond set up the investment company in 2013 to buy African banks but has since faced a number of hurdles due to the fall in global commodity prices and depreciating currencies. While Altas Mara has spread to seven countries across Africa,
Kevin Mwanza, 10:53 am
The hotel industry will enjoy a boom in sub-Saharan Africa in the next three years, with East Africa leading the growth that will see about $3.6 billion worth of investment into the sector in the next two years. Tourism, diplomatic and non-governmental activities in the East African nations of Kenya, Rwanda and Ethiopia are leading the growth.
Staff, 12:01 am
Ethiopia’s economy is expected to overtake Kenya’s this year, buoyed by massive government spending on infrastructure. The IMF estimates Ethiopia’s GDP will grow to $69.21 billion this year, narrowly edging out Kenya’s at $69.17 billion. Kenya is viewed as more democratic than Ethiopia, where authoritarian rule is marked by crackdowns on the press and its own citizens, such as the Oromo. Kenya also has a more open economy, while Ethiopia closes most sectors of its economy to foreign investors.
Dana Sanchez, 8:33 pm
Kenya is the second country in Africa where Ford Mustangs will be available now that there’s a right-hand-drive factory version. Ford’s 2014 overhaul of the Mustang included opening sales in new countries. Mustang is the top-selling sports car this year in South Africa. Despite the price tag there — $51,463 to $67,467 — Mustang has a massive pre-order backlog. Its waiting list could extend into 2018.
Tom Jackson, 4:59 am AFKI Original
Last month’s Frost & Sullivan report, Enabling eHealth Technology in South Africa, Kenya and Ghana, painted a glowing picture of the e-health space on the continent. From telecoms to startups, many firms are capitalising on the increasing advancements in ICT to improve healthcare delivery, with South Africa, Kenya and Ghana ahead of the game. “The total eHealth market for South Africa, Kenya and Ghana is in a nascent stage with expectations of high long-term growth,”
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