Investments & Projects

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.

China Merchants Holdings is in hot pursuit to acquire no less than a 40pc stake of the Ethiopian Shipping & Logistics Services Enterprise (ESLSE), a state-owned monopoly with a near complete control of the logistics business, sources close to the deal disclosed to Fortune.

On Wednesday, StarTimes launched a satellite digital television project in Kenya as part of its long-term agenda to bridge rural-urban information gap in the East African nation.

Chinese companies have shown interest to put up projects in such sectors as electronics, textiles, cosmetics, chemicals, pharmaceuticals and finance.