Investments & Projects

Conrad Mwanawashe — MORE than $600 million was invested in industrial production in the last five months after Government introduced policy initiatives to restrict the importation of products that could be manufactured by local companies.

Pretoria — Trade and Industry Minister Rob Davies has welcomed the R150 million Chinese investment at the Dube Trade Port which will build local capacity in the manufacturing of fibre optic cables.

The Government has committed itself to a programme of economic reforms and liberalisation. However, it continues to control the services sector, with a state monopoly on the telecom market and virtually full control by local banks in the financial sector.

The China Africa Development Fund (CAD Fund), an equity investment fund managed by China Development Bank, had invested 4 billion U.S. dollars in Africa as of the end of November, authorities said Wednesday.

Tanzania is among the preferred destinations for foreign investment in Africa. In 2014, the country was the third largest recipient of FDI in Africa, after Kenya and Uganda.

The Addis Ababa Chamber of Commerce and Sectoral Associations (ACCSA) said raising members awareness of the country's investment opportunities would help bridgeherald decision making gaps.

The cement market environment in Tanzania is significantly taking new turn.Tanzania will soon see her cement production capacity surging to over 17 million tonnes, thanks to three new companies that have requested to invest in the country's cement sector.

GOLD mining companies intend to invest about $108 million next year to expand operations and increase bullion production by between 10 to 100 percent; findings from the latest industry status report have shown

Dar es Salaam — District Commissioners have asked the government to give them the role of attracting foreign investments.