Embassy of the United Republic of Tanzania Tel Aviv, Israel
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    • Dar Scales Up Trade with East African Community (EAC), Southern African Development Community (SADC)
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Source: Embassy of the United Republic of Tanzania Tel Aviv, Israel |

Dar Scales Up Trade with East African Community (EAC), Southern African Development Community (SADC)

The trade and bilateral relations between Tanzania and neighbouring countries like Kenya, Uganda and Burundi has scaled up

The Tanzania Private Sector Foundation (TPSF) said there has been an increase in trade between Tanzania and the countries in the East African Community (EAC) and the Southern African Development Community (SADC) region since the sixth-phase government entered into power. TPSF Chairperson, Ms. Angelina Ngalula made the remarks when she…

African Development Bank Group (AfDB)
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    • Global Forum Secretariat, African Development Bank and World Bank Group deliver new manual on Exchange of Information for tax purposes
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Source: African Development Bank Group (AfDB) |

Global Forum Secretariat, African Development Bank and World Bank Group deliver new manual on Exchange of Information for tax purposes

Exchange of information (EOI) is an essential tool for tax authorities worldwide to ensure that all taxpayers pay the correct amount of tax

The Global Forum on Transparency and Exchange of Information for Tax Purposes (Global Forum), the World Bank Group and the African Development Bank (www.AfDB.org) have jointly published a new version of the Manual on Exchange of Information (https://bit.ly/3CovIgS), in order to support tax authorities. Exchange of information (EOI) is an…

Source: African Development Bank Group (AfDB) |

Africa, Latin America and the Caribbean join forces to drive circularity

Dialogue was held among entrepreneurs, academics, and champions on the need to scale up the transition towards circular economies

The African Circular Economy Alliance (ACEA) (www.ACEAafrica.org), and the Circular Economy Coalition of Latin America and the Caribbean (CEC LAC) (https://bit.ly/3hHaxPw) have organized the first regional dialogue to strengthen cooperation around their common objectives. The event, titled “Regional deep-dive: Africa, Latin America & the Caribbean joining forces for circularity,” took…

Source: African Development Bank Group (AfDB) |

African Development Bank’s SEFA grant to support first Super Energy Service Company (ESCO) in East Africa

The Super ESCO, to be run by the Kenya Power and Lighting Company, will develop and implement energy efficiency projects for both the public and private sectors

The Sustainable Energy Fund for Africa (SEFA) (https://bit.ly/39fnc7x) has announced a $1 million grant to support the government of Kenya to create a Super Energy Service Company (ESCO). The Super ESCO, to be run by the Kenya Power and Lighting Company, will develop and implement energy efficiency projects for both…

Embassy of the United Republic of Tanzania Tel Aviv, Israel
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    • Coronavirus: Tanzania economic recovery plans impress IMF
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Source: Embassy of the United Republic of Tanzania Tel Aviv, Israel |

Coronavirus: Tanzania economic recovery plans impress IMF

Reinke said as part of the Covid-related rapid arrangements, borrowing countries have committed to undertake governance measures to promote accountable and transparent use of these resources

The government's efforts to fight COVID-19 and the economic recovery plans have impressed the International Monetary Fund (IMF), saying Tanzania deserved the recently approved loan from the fund. IMF Resident Representative, Jens Reinke made the remarks yesterday during a press conference organised by the Finance and Planning Minister, Dr. Mwigulu…

Source: African Development Bank Group (AfDB) |

Africa Investment Forum to host third Market Days in Abidjan, December 1-3, 2021

Invited participants to this third edition, including investors, project sponsors and decision-makers, will be presented with a pipeline of deals that are ready for investment

The Africa Investment Forum will hold its 2021 Market Days in Abidjan, Côte d’Ivoire, from the 1-3 of December 2021. The annual business gathering will showcase transformative investment opportunities across the African continent, many of which hold the potential to drive Africa’s recovery from the Covid-19 pandemic. Invited participants to…

Source: United Nations Economic Commission for Africa (ECA) |

ECA and International Chamber of Commerce (ICC) launch centre of entrepreneurship in Africa

The centres are expected to develop the next generation of African business leaders

The Economic Commission for Africa (ECA) and International Chamber of Commerce have jointly launched Centres of Entrepreneurship in Africa, under the theme, ‘Creating Livelihoods for Inclusion’.  With strategic locations across Africa, the ECA - ICC Centres of Entrepreneurship will work with various stakeholders, including businesses, chambers of commerce, academic institutions, intergovernmental…

Nokia
Source: Nokia |

Nokia and African Telecommunications Union (ATU) to speed up digital transformation and the knowledge economy in Africa

The two parties will leverage the power of telecommunications, including 5G networks, to connect the unconnected and identify innovative use cases, as well as business models

Collaboration to leverage the power of ICT including 5G for Industry 4.0 (IR 4.0), connecting the unconnected and transforming lives; Both organizations reiterate commitment to shape policy, develop talent, and promote inclusion and diversity in Africa. Nokia has signed a Memorandum of Understanding (MoU) with the African Telecommunications Union (ATU)…

Source: African Development Bank Group (AfDB) |

Global Center on Adaptation and African Development Bank call for applications for the African Youth Adaptation Solutions Challenge

Young entrepreneurs between the ages of 18 and 35 are invited to respond to the call for the expression of interest and submit their business plan through the official submission portal

The Global Center on Adaptation (GCA) and the African Development Bank (AfDB.org) have launched a call for applications for the first edition of the African Youth Adaptation Solutions (YouthAdapt) Challenge. The call encourages young entrepreneurs, innovators from micro, small and medium-sized enterprises (MSMEs) and other youth-led and youth-owned enterprises in Africa,…

Source: African Development Bank Group (AfDB) |

African Development Bank approves a $50 million Multinational Trade Finance Risk Participation Agreement facility for Standard Chartered Bank

The agreement is expected to boost intra-Africa trade, promote regional integration, and contribute to the reduction of the trade finance gap in Africa

The Board of Directors of the African Development Bank Group (www.AfDB.org) has approved a $50 million Trade Finance Unfunded Risk Participation Agreement (RPA) facility between the African Development Bank and Standard Chartered Bank. The agreement is expected to boost intra-Africa trade, promote regional integration, and contribute to the reduction of…