Tanzania is looking for investors to explore areas with high potential for natural gas discoveries. This is in line with the country’s efforts to harness energy sector and reach industrialization targets. Meanwhile, Tanzania Revenue Authority (TRA) collected record taxes of over $770mn in September, the highest since the country’s independence. To discuss this, Bankable Partner, Ivan Tarimo joins CNBC Africa for more.
At the ongoing Common Market for Eastern and Southern Africa (COMESA) International Trade Fair happening in Kenya,it has been indicated that there is need to come up with innovative and practical strategies to promote industrialization and enhance trade in our region. Sandra Uwera, CEO of Common Market for Eastern and Southern Africa Business Council joined CNBC Africa for more.
A robust manufacturing sector is broadly understood as a fundamental path to economic growth and development.
As part of its strategy to transform Africa through industrialization, the African Development Bank invested over 240 million US dollars in the expansion of Namibia’s Walvis Bay Port. CNBC Africa takes a look at how this project is impacting the people of Namibia.
Africa urged to invest more in energy to spur growth
The Economic Report for Africa 2017, launched at African Development Week, cautions against rapid urbanization amid declining industrial output.