African Business News

EXIM Bank Tanzania pledged to support cashew farmers

TANZANIA – A section of cashew Nut farmers in Tanzania are set to receive a boost following a move by Exim Bank to support them with TZS 200 million ($87,334 dollars).The farmers from  Mtwara will benefit from the investment which aims at bolstering the industry productivity during 2018 season.

According to a statement from Exim Bank, cashewnut industry in Tanzania recently has seen a significant growth in production and sale prices which is a move to improve the livelihoods of the farmers.

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Tanzania Launches Mobile Healthcare Solution - Jamii

Tanzanian businesswoman Lilian Makoi has introduced an affordable mobile healthcare solution christened Jamii Africa in Tanzania. Although she has co-founded a number of startups, Jamii Africa happens to be her biggest and most positive business venture.

According to Lilian Makoi, she started Jamii Africa after losing someone in her family from a treatable medical emergency. The main reason for the loss, she said was their inability to pay for medical services. And this according to her was a wake-up call.

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Deal to construct 25 silos for wheat and teff value chain by Federal Agency

ETHIOPIA – The Federal Cooperative Agency has signed a Memorandum of Understanding with the heads of regional cooperatives to construct 25 silos to be used by agricultural cooperative unions involved in teff and wheat value chain in four regional states. The bid aims to alleviate the shortage of warehouses and help cooperative unions with a reliable and effective market outlet.

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Volkswagen in view of entering Ethiopia

Volkswagen is considering a component assembly plant in Ethiopia, in addition to the two recently announced assembly plants in Ghana and Nigeria.

The foray into Africa represents a growth opportunity for the car maker in light of the expected recovery of the continent’s economies recently hit by the downturn in commodities. According to the Export-Import Bank’s Africa Trade Report 2018, African economies will grow by

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