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December 2017
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EDITO
Sunday, 17 December 2017

Trade between Tanzania and France is still low at around 200 million Euros in favour of Paris, as authorities in both sides figure ways of increasing the volume. Trade figures, according to French Embassy in Dar es Salaam, shows Tanzania imported goods worth 135 million euros while exported 70 million euros in 2016. France Embassy's Economic and Trade Advisor, Beatrice Alperte said trade volume from either side was low as most are pharmaceutical from Paris and raw agricultural goods from Dar.

Azerbaijan Ministry of Foreign Affairs Spokesperson said that his nation is committed to lay strong foundation to bolster its overall bilateral and multilateral relations with Ethiopia. He made the remark during a recent exclusive interview with The Ethiopian Herald. Spokesperson Hikmet Hajiyev said Ethiopia and Azerbaijan have similar culture and civilization. "Ethiopia is one of the oldest birthplace of human civilization, art and development which made it akin with Azerbaijan." In-terms of strengthening bilateral ties, he noted that Azerbaijan has a strong will to have an increased experience sharing. For instance, Azerbaijan is keen on drawing best practices of Ethiopia in the areas of tourism, agriculture, mining industry and the like, he added.

Germany wants to establish fair trade with Africa as the latter has been victimized by the existing trade ties. The lately proposed 'Marshall Plan with Africa' is aimed at achieving trade balance between Africa and Europe, said a visiting Germany Economic Cooperation and Development Minister Gerd Müller. Addressing AU representatives and diplomatic corps yesterday, Müller said the 25-year plan also helps to re-position the EU's cooperation with Africa, and is intended to serve as a basis of discussion to restructure ties. With the new proposal, Germany needs to add a new and strategic dimension to the partnership with Africa.

Former secretary general of the United Nations Kofi Annan indirectly criticised the European Union's farming subsidies, in a conversation with journalists in Brussels on Tuesday (28 March). After his tenure as head of the UN (1997-2006), Annan set up a foundation that carries his name, which has sustainable development and reducing hunger and poverty as some of its main goals. He came to Brussels to hold a keynote speech at an event about agriculture and environment. A farmer in Kenya. Annan: 'I come from a continent where these poor farmers with limited resources are trying to compete' (Photo: Neil Palmer (CIAT).) Asked about whether he had suggestions for the upcoming reform of the EU's Common Agricultural Policy, he called it “an awkward question”.

Wednesday, 05 April 2017

Danone has agreed to acquire all of Brookside Dairy’s Tanzanian dairy business, less than three years after investing in a 40% stake. The buyout will be completed through Brookside Holdings – the wholly owned subsidiary that acted as a vessel for the French company’s acquisition of a minority stake in 2014.At the time, FoodBev reported that Brookside Dairy had annual revenues of €130 million and was East Africa’s leading dairy products group. Tanzania’s competition commission confirmed: “The FCC has received a merger notification to the effect that Brookside Holdings intends to acquire 100% of the issued share capital in Brookside Dairy Tanzania. FCC is currently investigating the intended acquisition in line with the provisions of the FCA and the FCC procedure rules.”