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Over 40 French companies to invest in different sectors in Tanzania

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More than 40 French companies in different economic fields including energy, construction, aviation, infrastructure system, finance, tourism, health and agro-food to water treatment, have developed plans to establish their production base in Tanzania with a view to improving the balance of trade between the two countries, the East African government said on Tuesday.

The investment deal which was brokered by the Tanzania-France Business Forum, according to the country’s Industry and Trade minister, Dr Ashatu Kijaji, will see the sum of $81.1 million (about Sh186.5 billion) pumped into the economy.

Dr Kijaji, while addressing a delegation of 40 companies who are in the country to finalise the deal, said developing production base in the Tanzania would promote value addition, transfer of technology and creation of strong partnership.

“We are encouraged with the approach of several French companies which have shown interests to develop their production base here in the country,” she said.

Dr Kijaji assured the business executives of conducive business environment, saying “Tanzania was offering a well-balanced and competitive package of fiscal trade incentives especially in the priority sectors such as manufacturing, agriculture, tourism, petroleum, gas and mining.”

“For all these sectors, except petroleum and gas, acquisition of all capital goods are zero rated for import duty purposes and Value Added thereon deferred,” she said.

The projects, the Minister said, will employ 2,377 people when they come on full stream and would boost the economy of the nation.

Tanzania is a major business partner with France with its exports last year standing at $17.7 million (about Sh40.7 billion) while imports stood at $63.4 million (about Sh145.8 billion).

While Tanzania’s major exports to France are tobacco, beans, avocados, fish, cotton, vegetables, raw hides and skins, its major imports from France are airplanes spare parts, aircraft engines, industrial sugar, laboratory reagents, vaccines for veterinary medicine and animal feeds machinery.

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Spanish PM, Pedro Sanchez, blames ‘Mafia’ for human trafficking after African migrants’ deaths at Morocco/Melilla border

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Spanish PM, Pedro Sanchez, blames ‘Mafia’ for human trafficking after African migrants deaths at Morocco/Melilla border

The Prime Minister of Spain, Pedro Sanchez, has blamed the death of over 20 African migrants at the Morocco/Melillah border while trying to cross to Europe, on a “Mafia” trafficking syndicate.

The incident which happened late on Friday, saw a violent and fatal border incursion on the Moroccan border with the Spanish north African enclave of Melilla, leading to the deaths and injury to scores of Spanish and Moroccan officers injured.

While speaking on the incursion at a press conference in Madrid on Saturday, Sanchez said:

“If there is a party responsible for everything that happened on the border, it is the mafias that traffic in human beings.

“It was an attack on the territorial integrity of our country.

“The tactics of migrants trying to get into Melilla have changed. Before now, they used to spread along the whole length of the fence. Now they concentrate on the part where they think it is weakest,” Sanchez said.

Sanchez who paid tribute to officers on both sides of the border for fighting off “a well-organised, violent assault,” called on more stringent measures to be taken to avoid a future occurrence.

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South Africa: Eskom announces ‘Stage 4’ power cuts

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South Africa’s state-owned power utility, Eskom says it will continue with “Stage 4” power cuts until Wednesday.

The power rationing has been through 3 stages. The stage 3 was a level of a power cut on an eight-level system under which the utility implements a seven and a half hour rolling outage across the country. The stage was a five-hour rolling blackout.

The utility said in a statement said “it regrets to inform the public that Stage 4 load shedding is anticipated to continue from 05:00 on Monday morning until midnight at least until Wednesday.”

“This is due to unlawful and unprotected labour action at a number of power stations, which has caused delays in carrying out planned maintenance and repairs.”

Eskom Holdings SOC Ltd is South Africa’s primary electricity supplier, generating approximately 90% of the electricity used in South Africa and approximately 30% of the electricity generated on the African continent.

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