Page 2 - Processing Zone Authority News Today

The High Court has dismissed a case filed by a bank against a firm associated with a company at the heart of an ownership battle between Agriculture CS Mithika Linturi and Adai MP Maryanne Kitany.

Court found that Gulf African Bank was negligent when it disbursed a loan to persons who were not directors of a firm owned by Linturi.

PTCL, which is among the entities that refused audit, still owes govt $800m, says PAC chairman.

Exports of manufactured goods reached the historical $1.4 billion (about 3.2trn/-) during the year ending August this year, an increase of 75 percent compared to $844.5million (1.9trn/-) recorded during the year ended in August 2020, signaling expanding industrialization drive.

THE government has asked investors to invest in Mkinga Special Economic Zone in Mkinga district, Tanga region, to take advantage of high tech industrial development to make goods for exports and contribute to economic development.

​​​​​​​President-elect William Ruto’s incoming administration has at least 30 plum appointments to make at State-owned firms.

TANZANIA Investment Center (TIC) has said that the government of Tanzania is in talks with the government of Vietnam to collaborate with local investors to construct a cashew nut processing factories.

TANZANIA is now looking for more investors from India in Export Processing Zone (EPZ) area to set up industries to produce goods for export and local market.

Governor Granton Samboja revealed that international investors from Turkey are among those who have shown interest to invest in the region.

The Philippine Economic Zone Authority (PEZA) and the Department of Environment and Natural Resources (DENR) are set to sign a memorandum of understanding (MOU) to identify government lands for developments into various types of economic zones in the country. PEZA Director General Charito B. Plaza