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2 clusters · 8 sources · 5 days · First seen · Last updated

East African trade and infrastructure development

Overview

At a summit in Dar es Salaam, the East African Community (EAC) announced a goal to increase intra-regional trade to 50% of total trade by 2030. Leadership emphasized the necessity of accelerating infrastructure projects—including roads, rail, ports, energy, and digital networks—to overcome barriers such as high transport costs and fragmented customs.

Following these regional discussions, focus shifted toward Tanzania's national DIRA 2050 economic plan, which aims for the private sector to contribute 70% of the economy. To support this, the Tanzania Private Sector Federation has entered into partnerships to improve investment mobilization and project preparation. Concurrently, financial experts at the Africa Infrastructure Forum advocated for reducing reliance on external funding by deepening domestic bond markets and utilizing African-led financing solutions to bridge the continental infrastructure gap.

Entities

Africa50 · Tanzania · Public Private Partnership Centre · Dr. Samia Suluhu Hassan · Stephen Mbundi

Timeline

  1. 5 days ago

    [BUSINESS] 5 sources
    Tanzania private sector targets 70% economic contribution under DIRA 2050

    Tanzania's DIRA 2050 vision seeks to position the private sector as the primary economic driver, with leaders calling for increased domestic financing and public-private partnerships to fund infrastructure.

  2. 9 days ago

    [BUSINESS] 3 sources
    East African Community pushes 50% intra‑regional trade goal by 2030 at Dar es Salaam summit

    Tanzania’s president and EAC leaders set a target of 50% intra‑regional trade by 2030, calling for faster infrastructure, private investment and removal of trade barriers at the Africa50 summit in Dar es Salaam

Sources

dailynews.co.tz · habarileo.co.tz · issamichuzi.blogspot.co.uk · nigeriacommunicationsweek.com.ng · tanzaniainvest.com · techparley.com · thegallantnews.com.ng · time.news