TANZANIA!!! YOUR ULTIMATE BUSINESS DESTINATION!
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Our Profile
The London based Tanzania
Trade Centre (LTC) operates under the diplomatic umbrella of the
Tanzania High Commission in the United Kingdom to focus on enhancing and
promoting Tanzania’s economic and commercial exchanges with the United
Kingdom in particular and the rest of the world in general. In addition
to the trade promotion, the Trade Centre is also responsible for
investment and tourism promotion as well as providing economic and
commercial related services and information. Read more
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Greater accountability: Tanzania set a healthy example
Though newly introduced in Tanzania,
budget support has proven to be an instrument that, in combination with other aid modalities, boosts effectiveness in a broad sense. Donors have entered into a constructive dialogue with
state and civil-society actors. Innovative financing methods have contributed to holding high-ranking officials accountable. Contrary to widespread skepticism, budget aid has proven to be
an instrument that strengthens domestic accountability in Tanzania, and has set a healthy example for the rest of Africa. This observation was recorded in the monthly Development and
Cooperation Journal, issue no. 4, 2009..
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African Payment Gateway becomes operational in July 09.
The Commonwealth Business Council, held a business lunch meeting for a number of African diplomats (Ambassadors, High
Commissioners and Trade Attaches) at the RAC Club in London on 30 April 2009. The aim of this meeting was to introduce the proposed payment Project
for Africa, called “The Africa Payment Gateway.”Dr Mohan Kaul, Director General of the Commonwealth Business Council (CBC), in introducing the project
said that the African Payment Gateway, creating wealth online in Africa.
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Sisal starts a cameback in Tanzania
Following nationalization of the Sisal industry in 1967, Sisal out in Tanzania shrunk gradually from 200,000 tonnes a year to just 19,000 tonnes in 1998.
However after liberalization followed by privatization, Sisal production in Tanzania has been revitalized, with a belief of having huge economic potential. Read more>>>
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Opportunity International Eyes Tanzania
After successful operations in the neighbouring country of Malawi, Opportunity International UK, which is a member of the global Opportunity
International Network,is considering extending their model of microfinance to help the needy poor entrepreneurs in Tanzania. This was revealed
by Maria Largey and Mark Preston during their introductory meeting with the High Commission at Tanzania House in London recently, which was also
attended by the Director of Trade Centre. According to their presentation.
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Global Financial Crisis
THE International Monetary Fund (IMF) estimates that Gross Domestic Product (GDP) in Sub-Saharan Africa will be only 2.1 per cent in 2009,
down from an average growth rate of around 5 percent, which has been achieved for the past five years due to the effects of the global financial crisis.
Addressing an extraordinary press gathering alongside the world bank-IMF fund spring meetings in Washington DC,last week, the minister for finance and
economic affairs Mustafa Mkulo said that while Africa was temporarily spared from the direct effects of the first round of the crisis, it was now clear
that Africa was not immune from the crisis.
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Tanzania Tartans Abroad In
February 2008, Tanzanian craft workers exhibited their products at the
World Women Trade Fair & Expo in Santa Monica, California and were
provided with wrapping paper from the International Tartans of Edinburgh
UK. Read more>>>
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Arts and Crafts from Tanzania Secure external markets
Tanzania
Trade Centre in London in cooperation with the Village Collection in UK
coordinated Tanzania’s Participation at this Show which was Organized
at the National Exhibition Centre in Birmingham from 3 to 7 February,
2008.
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