Economy

East African block to create 56,000 new jobs

briefcaseTanzania is to lead East African countries in creating more than 56,000 employment opportunities over the next five years, according to Ernst and Young

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Tanzania predicts economic boost after power systems improvement

Tanzania_economy_-_imageTanzania’s economy is expected to hit the seven per cent mark this year, higher than the 6.4 per cent it attained last year

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India’s FDI to Zambia tops US$3 billion

nampundwearialbig-bZambia’s foreign direct investment (FDI) inflow from India has exceeded US$3 billion for the last five years in various sector of the economy

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South Africa-Saudi Arabia JV to generate more jobs

money1South Africa and Saudi Arabia have set up a ZAR 20 billion (US$2.37 billion) holding company for farming, mining and petrochemical investments

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US to increase annual aid to Zambia by US$100 million

Lusaka_skylineThe United States has said it will increase its bilateral assistance to Zambia in 2013 from US$400 million per annum to $500 million per annum

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