Interplastpack Africa 2024 is the most influential trade platform for businesses in the fields of Plastic, Rubber, Packaging and Printing. This international trade exhibition gathers companies from Central & Eastern African countries under one roof, for promoting trade and cultural exchange.

This event is organized every year in Tanzania, an over 44 million populated East African country that has become the commercial center of East Africa, in relation to continuous growth in manufacturing and services.

The 4th Edition of this annual fair is scheduled in January, 2024. The companies in Plastic, Packaging and Printing fields seeking business opportunities in Tanzania must save the dates in their calendar and register online right away. Interplastpack Africa 2024 is going to be held from 26 - 28 JANUARY 2024 at Diamond Jubilee Hall, Dar-Es-Salaam, Tanzania.

This upcoming event will attract trade visitors from Tanzania & its neighbouring countries, including Botswana, Congo, Nigeria, Rwanda, Sudan, Kenya and Uganda. People group based on profession and business, expected at the event.

New Projects Worth USD 4.25 Million Will Strengthen Tanzania Agriculture Productivity

The Eastern and Southern African Trade and Development Bank (PTA Bank) has approved a total of USD 130 million in grant funding to be used for three development projects and three syndicated loans in Tanzania. PTA-Bank-TanzaniaDetails of the grant include the awarding of USD 50 million to Kilwa Energy, USD 20 million to the food and packaging firm 21st Century, USD 3 million to Sea Rock, USD 20 million to Tanzania Electric Supply Company (Tanesco), USD 20 million to the Tanzania Ports Authority and the remaining USD 25 million to the Government of Tanzania

According to Admassu Tadesse, PTA Bank President and Chief Executive, the bank is committed to furthering development in the region and to strengthening financial markets through trade, project and infrastructure financing. (Tanzania invest)

Tanzania Fastest Growing Economy In East Africa In 2014

According to Deloitte's Northeasterly Bearing Economic Outlook 2014 report, Tanzania was the fastest growing economy in East Africa In 2014 with a GDP growth of 6.9%. The agricultural sector, which accounts for half of the national income, grew by an estimated 4.3%. This has been driven by an increased production of the major food crops such as maize, paddy, millet/sorghum and cassava.

During the same year microeconomic indicators of the other East African countries mentioned in the report (namely Kenya, Uganda, and Rwanda) were the following:

Kenya had a GDP growth of 5.1% and an inflation that was successfully reduced to 5.7% at the end of 2013 and revamped to 6.4 % in April 2014. Uganda had a GDP growth of 5.8% in 2013 and an inflation of 5.9 % at the end of 2013 that was revamped to 6.9% in January 2014. Rwanda had a 6.5% GDP growth in 2013 and inflation of 4.2% at the end of 2013. According to the forecasts included in the report based on BOT and International Monetary Fund (IMF) estimates, Tanzania GDP is expected to reach 8.2% in 2014 and 8.1% in 2015. (Tanzania Invest News)

Tanzania Production Index of Manufacturing Industries Improves

According to Tanzania’s National Bureau of Statistics (NBS), the Production Index of Manufacturing (PIMI) achieved 10.8% growth in 2012, the highest increase since 2006.The index measures the quantify of commodities produced by different manufacturers and provides an accurate reflection of production trends. The overall PIMI for 2012 was 328 compared to 296 the year before, a 10.8% increase. The growth has been attributed to strong performances in the primary metal industries as well as in food, beverages and tobacco. The manufacturing sector in Tanzania is the third most important to the overall economy with an average contribution to GDP of 8% over the last decade.