Tanga — TRANSPORT Minister Samwel Sitta on Tuesday dissolved the Board of Directors of Tanzania Ports Authority (TPA) and appointed eight new members to form a new board. Mr Sitta announced the move here when he addressed employees at the Tanga Port employees at the Baraka Grounds after his official tour of the facility, insisting that the oppressive acts he had witnessed within the port had prompted the dismissal of the board. The new members are Dr Tulia Akson, a law lecturer at the Tanzania Law School, Mr Musa Ally Nyamsingwa, a civil engineer with Norplan Consultants, Ms Donata Mugassa, a procurement professional and member to the Tanzania Posts Corporation board of directors and Mr Haruna Masebu, former Director General of Energy and Water Utilities Regulatory Authority (EWURA). Others are Mr Gema Modu, an electronics engineer with Engineers Registration Board, Dr Francis Michael, a senior lecturer with the University of Dar es Salaam, Crescentius Magori, Director of Planning with the National Social Security Fund and Flavian Kinunda, former TPA director of marketing. "This appointment nullifies the existing board of TPA effective today (yesterday) and the purpose is to bring in productivity and work efficiency in the authority," said Mr Sitta. Members of the dissolved board, which the former Transport Minister Dr Harrison Mwakyembe appointed on November 6, 2012, are Mr Jabir Kuwe Bakari, Mr John Ulanga, Ms Caroline Temu, Mr Jaffer Machano, Dr Hildebrand Shayo, Mr Said Salum Sauko, Engineer Julius Mamiro and Ms Asha Nasoro. Mr Sitta directed all...

OF the five East Africa Community (EAC) member states, only Tanzania and Kenya have ports that provide gateway to other countries. Tanzania, however, has an upper hand since she has more seaports than Kenya, which has only Mombasa. Add to the fact that it is the only country in the region that borders with all member states, the country would greatly benefit if operations at ports would be improved and efficiency enhanced. Tanzania depends on the ports for its bulky imports. Improving services at the ports is thus crucial to maintaining existing users and attract future ones. It should be remembered that after a minor cabinet reshuffle early in the year, incoming Minister for Transport, Samuel Sitta sacked the Acting Director General for Tanzania Ports Authority (TPA) Madeni Kipande to pave way for investigations over irregularities in the running of the Dar es Salaam Port. Mr Kipande was asked to step aside because there were a number of complaints from different port users that various tendering processes at the port were marred with irregularities. Apparently, that was not enough of a remedy to improve operations at the country's ports. The same Mr Sitta on Tuesday dissolved the Board of Directors of TPA and appointed eight new members to form a new board. He announced the move when addressing employees of the Tanga Port when an official tour of the facility, insisting that the oppressive acts he had witnessed within the port had prompted the dismissal of the board. The decision...

New laws are creating greater liquidity and capital in some African markets and giving African private equity investors more opportunities — especially in pension funds — says Carolyn Campbell, managing director at Emerging Capital Partners, according to a report in InternationalFinancialLawReview. Emerging Capital Partners is a pan-African private equity firm focused on investing across Africa. Changing regulations governing the investment of African pension funds have momentous potential for private equity in certain countries including Kenya, Nigeria, Namibia and South Africa, Campbell said. All four countries recently made changes to asset allocation rules for state pension funds, allowing for investment of up to 15 percent in some cases of pension assets into private companies. “As a result, we are seeing African investors increasingly investing in African private equity,” Campbell told the LawReview. As pension fund regulators and administrators become more familiar with the benefits of private equity, this will present an opportunity to increase the level of capital available to the private sector, Campbell told the LawReview. “This local support should also build the confidence of international investors to invest further in African private equity.” Outside South Africa, most African pension cash continues to shun private equity opportunities on the continent, FinancialTimes reported in October. Insiders say African pension funds have missed out. It’s not because the continent is failing to save for its future – sub-Saharan pension funds total more than $350 billion US — but because of a nightmare combination of regulatory hurdles, poor incentives and hesitant trustees, FT...

West Africa will miss all the potential and opportunities inherent in it by virtue of its location and capacity, if it does nothing to push its integration agenda beyond the free movement of goods, people and capital. Even though regional blocs such as the Common Market for Eastern and Southern Africa (COMESA), the East Africa Community (EAC) and the Southern Africa Development Community (SADC) were motivated by efforts of West Africans, those sub-regional bodies had since moved into new frontiers where they were really reaping the benefits. “These are people who should be learning from the Economic Community of West Africa States (ECOWAS), but they are so far ahead of us,” a Nigerian travel business consultant and travel promoter, Mr Iketsi Uko admits and said it was time for the private sector in West Africa to lead the way, having demonstrated that it could collaborate to achieve quicker results. ECOWAS’ latent potential The West Africa region has a population of 300 million, the same as the United States of America and bigger than the European Union (EU). The sub-region has 40 airports dotted across but the region has not been able to harness the benefits of integration. “The region is, therefore, well positioned to be one of the biggest economies in the world and immediately compete with China, which is already taking the world by storm, if we are able to work together,” Mr Uko, also a media consultant, journalist and author, said. The sad thing, however, is that although...

South Africa and the other BRICS nations need jobs, growth and greater competitiveness. Europe needs jobs, growth and greater competitiveness. The US needs much the same. Better trading terms are a key way to secure these goals for businesses and consumers. They can act too through a multiplier effect in a complex set of value chains and SME supply systems. The World Trade Organization (WTO) plays a key role in the adjudication of multilateral trade agreements and their implementation and enforcement, but has been left playing a less dynamic role in recent years – with the failure so far of the Doha Round – in the negotiation of major multilateral deals. It secured the Bali trade facilitation deal recently with helpful customs progress, but even that was a somewhat tortuous process. Bilateral, plurilateral and issue-specific deals are therefore filling the negotiations void left by the WTO. These are aimed at driving progress and helping to prevent any nascent protectionism. The EU and US have both concluded deals with Korea. And the EU with Canada and with Singapore and, on goods for example, with the East Africa Community (EAC). The EU has embarked on a major bilateral programme including with the US (TTIP – a potentially landmark agreement, is going beyond tariffs into the depth of regulatory coherence and convergence), Japan, some ASEAN and Latin American nations, and potentially India. It has also started an investment agreement dialogue with China, and is now looking to overhaul its free trade deal with...

This month, African countries will finalise a 26-nation free trade bloc aimed at opening up business on the continent by 2017, a senior South African minister told Reuters on Wednesday. Trade barriers across the continent has curtailed its growth prospects by driving up the cost of doing business. Lifting charges like export and import fees could promote new markets and boost profits. "We want to remove many of the barriers that stifle economic growth in Africa," Minister in the Presidency Jeff Radebe said on the sidelines of the World Economic Forum Africa in Cape Town. The agreement between finance ministers from the Common Market for East and Southern Africa, the Southern African Development Community and the East African Community will be finalised in Cairo next Wednesday, he said, adding South Africa was "optimistic" it would be in place by 2017. The government said last month official negotiations would be launched in June to eventually establish a continental free trade area embracing the entire continent of 54 countries, opening up a market of 1.3 billion people with a combined GDP of more than $2 trillion. Source: Times Live

THE Electronic Single Window System (eSWS) that was to start operation at the Dar es Salaam port last month to fast track cargo clearance has been delayed to allow the port authorities complete migration from “Asycuda” to a new Customs ICT system. The Minister for Transport Minister, Samuel Sitta has said in Parliament on Saturday that migration to the Electronic Single Window System (eSWS) at the port has been delayed to allow smooth transition from Automated System for Customs Data (Asycuda) to the Tanzania Customs Integrated Systems (TANCIS). The new electronic Single Window System needs to be adjusted to comply with TANCIS and that will be completed by December this year, he said as he moved estimates of his ministry in Parliament. “Due to Tanzania Revenue Authority (TRA) migration from ASYCUDA to TANCIS, electronic Single Window System will need to undergo adjustments to enable it comply with TANCIS. The work to merge is expected to be completed in December 2015” he said. Early last year the transformation started to replace the Asycuda++ version that Tanzania Revenue Authority has used a long time with a new Customs ICT system. The migration to TANCIS has contributed to delays in the amount of time a container spends at the terminal, container dwell time (CDT), which has slightly increased from 9.3 days in May last year to 9.5 in April this year, he said. The decline in efficiency in clearing containers at the terminal was due to the migration process, he said. The Minister...

MAJOR railway infrastructure projects to link Tanzania with her landlocked neighbours are now set to take off. The Minister for Transport, Mr Samuel Sitta, announced in Parliament last Saturday that construction of the standard gauge railway will begin this month after a consortium of Chinese railway companies led by China Railway Materials (CRM) was picked to build what is billed to be the single biggest project ever to be implemented by the government since independence. A Chinese consortium had been awarded a contract to build a 2,561 km (1,536 miles) standard gauge railway connecting Dar es Salaam Port to landlocked neighbours at a cost of 7.6 billion US dollars. According to the minister, the consortium will provide 10 per cent of the funding for the project while financial adviser Rothschild is finalising procedures for financing of the project through banks, Mr Sitta said. Another major railway line project to link coal and iron ore mine projects in the southern western Region of Njombe to the Mtwara Port is also on the cards. The minister reported that the government had signed a framework agreement with another Chinese company, China Railway No.2 Engineering Group Co. Ltd., to build a railway line from the coal and iron ore mine projects in Ludewa, Njombe Region to the southern port of Mtwara. The 1,000-km standard gauge railway line is expected to cost at least 1.4 billion US dollars, according to the government estimates. The railway line in is expected to unlock the huge coal and...

ENTEBBE, UGANDA - East African community countries have been urged to come up with policies that support small farmers to participate effectively in the Agriculture sector where they contribute about 60%. Uganda’s Minister in charge of East African Community Affairs Shem Bageine in his speech read by the Commissioner of production and Social services in the Ministry of East African Affairs Ronah Sserwada during the East African Community Agriculture Budget Summit held at Entebbe said that it’s the responsibilities of the Governments in the community to guarantee the thrives of Agriculture sector in the Five member states of EAC. “Member states should create a conducive, policy, Legal and program frame work that supports the growth and expansion of Agriculture sector where the major stake holders are small farmers who need much support from their Governments” the minister said. The Minister noted that the Agriculture sector contributes much in the regional Economies but because of the lack of pro - small farmer’s policies the sectors contribution in the regional Gross Domestic products is declining For stance the Minister said that the Contribution of Agriculture sector in the Economy of Burundi has decline by 34%, Kenya 29% Rwanda 32% Tanzania 25% and Uganda at 23%. Bagaine in his speech told participants majority being small farmers from all over the Five member states that East African Community has established Regional Integration protocols Where member states committed themselves to co-operate to attain Food security and rational agriculture production through the community by promoting complementarity...

Tanzania has awarded contracts to build new railway lines worth about nine billion US dollars to Chinese firms, its transport minister said, expanding Beijing’s presence in East Africa's second-biggest economy. Transport Minister Samuel Sitta told parliament on Saturday a Chinese consortium had been awarded a contract to build a 2,561 km (1,536 miles) standard gauge railway connecting Dar es Salaam port to land-locked neighbours at a cost of 7.6 billion US dollars. “A consortium of Chinese railway companies led by China Railway Materials (CRM) has been picked to help us build the railway line,” he said. The consortium will provide 10 percent of the funding for the project while financial adviser Rothschild is finalising procedures for financing of the project through banks, Sitta said. The minister said construction of the railway line was expected to start in June. He said Tanzania had signed a framework agreement with another Chinese company, China Railway No.2 Engineering Group Co. Ltd., to build a railway line linking coal and iron ore mine projects, also under development by a Chinese group, to the southern port of Mtwara near big offshore natural gas discoveries. The 1,000 km standard gauge railway line is expected to cost at least 1.4 billion US dollars, according to the Tanzanian government estimates. Tanzania said in March it planned to spend 14.2 billion US dollars to construct a new rail network in the next five years financed with commercial loans, as the country aims to become a regional transport hub. Tanzania, like...