Cargo Destined to Uganda to Take Four Days From Dar Port

Cargo Destined to Uganda to Take Four Days From Dar Port

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Cargo Destined to Uganda to Take Four Days From Dar Port
original article on EA Business

Kampala — The Tanzania Ports Authority (TPA) has said the revival of the central corridor could leverage on efficiency and cost for transporting cargo from Dar es Salaam port to Kampala to four days, thereby reducing the prices at which goods are sold to the final consumers.

"The revival of the Central corridor is purposed to provide the business people in Uganda and within the region with two competitive routes as way to lower the cost not just for the business people but also for the consumers by improving on efficiency and costs," said Deusdedit Kakoko, Director General, Tanzania Ports Authority.

Kakoko said apart from the transportation system, business on Dar es Salaam port has been evolving with a number of shipping and clearing agents now in place. "We have an overall total competitive route cost and we want to make it more efficient in terms of cost and time," Kakoko said.

He said a lot of progress has been made to revive the central corridor both by the Ugandan and the Tanzanian authorities. "We are focusing on developing a multi model approach in which cargo is transported using rail, water and road. Using the multi model approach, cargo destined to Uganda will be transported through rail or road up to Mwanza and from Mwanza, it will be shipped to Kampala via water to port bell or by road," said Kakoko.


He said on the Tanzanian side, construction of the Standard Gauge Railway has started from Dar es Salaam to Dodoma but their plan is to extend it to Mwanza in addition to construction of other infrastructure like roads. He said: "We are happy with the progress that Uganda is making on their side and we believe, when they finish, this will address the transportation gap that has been missing," Kakoko said.

He said the efforts to revive the central corridor has since business for the route grow from 1% to 3%.



Charles A Kateeba, Managing Director, Uganda Railways Corporation said as part of Uganda's effort to revive the central corridor, Uganda has award a contractor to rehabilitate nine kilometers of rail from Port Bell to the central business district of Kampala and that the rehabilitation is expected to last one month.

"The line between Port Bell and Kampala had been in disuse, but now, rehabilitation will start soon and this is because, we want traders to be able to ship their goods from Mwanza to Port Bell and from Port Bell to Kampala using the railway. We have containers for Cargo and we hope to acquire more," Kateeba, said.





He said they also plan to deepen the port at Port Bell to allow ships to deep more and that, they plan to construct a completely new port at Bukasa.

"We already have two ships delivering cargo from Mwanza to Port Bell, each with a capacity to carry 200 to 202 containers. That is: MV Kawa and MV Umoja. We plan to build a completely new ship; MV Kwamba with a capacity to carry more containers and general good use cargo," said Kateeba.

He said, in general, they plan on having five to six ships Deeping in Port Bell, adding that they also plan on constructing the Jinja Port to have good destined to Eastern Uganda offloaded or loaded from the Jinja port.

Currently, it is reported that transporting Cargo via the northern corridor, that is, from the port of Mombasa to Kampala takes a maximum of six to nine days which the central corridor intends to reduce to four or five days.
 
Cargo Destined to Uganda to Take Four Days From Dar Port
original article on EA Business

Kampala — The Tanzania Ports Authority (TPA) has said the revival of the central corridor could leverage on efficiency and cost for transporting cargo from Dar es Salaam port to Kampala to four days, thereby reducing the prices at which goods are sold to the final consumers.

"The revival of the Central corridor is purposed to provide the business people in Uganda and within the region with two competitive routes as way to lower the cost not just for the business people but also for the consumers by improving on efficiency and costs," said Deusdedit Kakoko, Director General, Tanzania Ports Authority.

Kakoko said apart from the transportation system, business on Dar es Salaam port has been evolving with a number of shipping and clearing agents now in place. "We have an overall total competitive route cost and we want to make it more efficient in terms of cost and time," Kakoko said.

He said a lot of progress has been made to revive the central corridor both by the Ugandan and the Tanzanian authorities. "We are focusing on developing a multi model approach in which cargo is transported using rail, water and road. Using the multi model approach, cargo destined to Uganda will be transported through rail or road up to Mwanza and from Mwanza, it will be shipped to Kampala via water to port bell or by road," said Kakoko.


He said on the Tanzanian side, construction of the Standard Gauge Railway has started from Dar es Salaam to Dodoma but their plan is to extend it to Mwanza in addition to construction of other infrastructure like roads. He said: "We are happy with the progress that Uganda is making on their side and we believe, when they finish, this will address the transportation gap that has been missing," Kakoko said.

He said the efforts to revive the central corridor has since business for the route grow from 1% to 3%.





Charles A Kateeba, Managing Director, Uganda Railways Corporation said as part of Uganda's effort to revive the central corridor, Uganda has award a contractor to rehabilitate nine kilometers of rail from Port Bell to the central business district of Kampala and that the rehabilitation is expected to last one month.

"The line between Port Bell and Kampala had been in disuse, but now, rehabilitation will start soon and this is because, we want traders to be able to ship their goods from Mwanza to Port Bell and from Port Bell to Kampala using the railway. We have containers for Cargo and we hope to acquire more," Kateeba, said.





He said they also plan to deepen the port at Port Bell to allow ships to deep more and that, they plan to construct a completely new port at Bukasa.

"We already have two ships delivering cargo from Mwanza to Port Bell, each with a capacity to carry 200 to 202 containers. That is: MV Kawa and MV Umoja. We plan to build a completely new ship; MV Kwamba with a capacity to carry more containers and general good use cargo," said Kateeba.

He said, in general, they plan on having five to six ships Deeping in Port Bell, adding that they also plan on constructing the Jinja Port to have good destined to Eastern Uganda offloaded or loaded from the Jinja port.

Currently, it is reported that transporting Cargo via the northern corridor, that is, from the port of Mombasa to Kampala takes a maximum of six to nine days which the central corridor intends to reduce to four or five days.

another feasibility study.. Tanzania budget yao nusu huenda Feasibility studies..
Ugandan President Yoweri Kaguta Museveni said completion of the first phase of SGR has drastically lowered the costs of transporting goods within the region.

“It is three times more costly to transport anything on the road even with the old line,” said President Museveni, adding: “With SGR reaching Nairobi, it costs eight cents dollars per metric a tonne compared to 21 cents dollars by road.
SGR Uganda
 
another feasibility study.. Tanzania budget yao nusu huenda Feasibility studies..
Ugandan President Yoweri Kaguta Museveni said completion of the first phase of SGR has drastically lowered the costs of transporting goods within the region.

“It is three times more costly to transport anything on the road even with the old line,” said President Museveni, adding: “With SGR reaching Nairobi, it costs eight cents dollars per metric a tonne compared to 21 cents dollars by road.
SGR Uganda

you forgot one thing.

Kenya 56% ya bajeti yao inaenda kulipa madeni ambayo fedha zililiwa na wajanja.
 
budget yenu mara 4... nchi kubwa pesa kidogo.. i say
Which budget? Half of ur budget goes to pay loan if u have a $25 bln n Tanzania's $15 bln! Who has a better budget? Mind u ur budget deficit leads the region !


IMF urges Kenya to cut budget deficit to help spur growth
Source: Xinhua 2017-04-14 21:15:29

NAIROBI, April 14 (Xinhua) -- The International Monetary Fund (IMF) has called on Kenyan authorities to move forward with the substantial reduction in the budget deficit envisaged for 2017/18 financial year to help spur economic growth.

The IMF mission which ended its ten-day visit to Kenya late Thursday said reduction in fiscal deficit which stands at 17 billion U.S. dollars will help put the debt on a declining path as envisaged under the program.

"The IMF staff team urged the authorities to achieve the fiscal deficit target envisaged under the program for 2016/17, which accommodates a substantial increase in foreign-financed public investment," the mission said in a statement released on Thursday night.

Kenya's Treasury Cabinet Secretary who unveiled 26 billion dollar budget for the 2017/2018 financial year on March 30 said budget will be in deficit of 17 billion dollars to be financed by Kenyans through taxes.

The IMF mission led by Benedict Clements said Kenya's economy has continued to perform well, with real GDP growth reaching 5.9 percent in the first three quarters of 2016, up from 5.6 percent in 2015.

The lender said growth was supported by public investment spending, favorable weather in the first half of 2016, and a pick-up in tourism.

Inflation has increased to 10.3 percent in March, reflecting the reduced supply of key staple food items as a result of the drought, but is expected to decline as agricultural production returns to normal levels with the onset of the long rains.

According to IMF, the banking system has remained stable, and reforms by the Central Bank of Kenya (CBK) to strengthen the financial system continue.

"The external current account deficit (on a 12-month basis) narrowed to 5.5 percent of GDP in 2016 from 6.8 percent in 2015, reflecting lower oil prices, improved tea and horticulture exports, and increased remittance inflows," Clements said.

He said the exchange rate has remained stable and foreign exchange reserves have risen to 7.8 billion dollars (equal to 5.1 months of import cover) as of end-March. The banking system has remained stable.

"Discussions focused on macroeconomic policies and structural reforms aiming to ensure the sustainability of investment-driven, inclusive growth," Clements said.

"The authorities reiterated their commitment to macroeconomic policies that would maintain public debt on a sustainable path, contain inflation within the target range, and preserve external stability," he added.

The team also welcomed the authorities' plans to accelerate reforms aimed at mobilizing revenue to support appropriate delivery of government services at the national and county level as well as increasing the efficiency, transparency, and accountability of public spending.

The IMF mission said reforms should also aim at safeguarding financial stability by enhancing prudential regulation and supervision; and deepening structural and governance reforms to improve the business environment.

The IMF team reiterated its concerns regarding the legislated limits on deposit and lending rates introduced last September.

"Preliminary information suggests that these controls have had unintended negative consequences on the availability of financing for small and medium-sized enterprises, with the risk of reversing the remarkable increase in financial inclusion observed in recent years," said Clements.

He said interest rate controls are undermining the effectiveness of monetary policy aimed at ensuring price stability and supporting sustainable economic growth.

"Significant progress was made during the visit, and discussions will continue in the coming weeks. The team thanks the authorities for their hospitality and constructive discussions," said Clements.

IMF urges Kenya to cut budget deficit to help spur growth - Xinhua | English.news.cn
 
Which budget? Half of ur budget goes to pay loan if u have a $25bln n Tanzania's $15 bln! Who has a better budget? Mind u ur budget deficit leads the region !
And with all your shit The 25 poorest countries in the world still one of the poorest in the world...
maghufuli 2.png
IDIOT OF A PRESIDENT....

magufuli.jpg
BEING followed by a bunch of KNOW IT ALL IDIOTS...u being the stupidest know it all i have ever come across
 
Which budget? Half of ur budget goes to pay loan if u have a $25 bln n Tanzania's $15 bln! Who has a better budget? Mind u ur budget deficit leads the region !


IMF urges Kenya to cut budget deficit to help spur growth
Source: Xinhua 2017-04-14 21:15:29

NAIROBI, April 14 (Xinhua) -- The International Monetary Fund (IMF) has called on Kenyan authorities to move forward with the substantial reduction in the budget deficit envisaged for 2017/18 financial year to help spur economic growth.

The IMF mission which ended its ten-day visit to Kenya late Thursday said reduction in fiscal deficit which stands at 17 billion U.S. dollars will help put the debt on a declining path as envisaged under the program.

"The IMF staff team urged the authorities to achieve the fiscal deficit target envisaged under the program for 2016/17, which accommodates a substantial increase in foreign-financed public investment," the mission said in a statement released on Thursday night.

Kenya's Treasury Cabinet Secretary who unveiled 26 billion dollar budget for the 2017/2018 financial year on March 30 said budget will be in deficit of 17 billion dollars to be financed by Kenyans through taxes.

The IMF mission led by Benedict Clements said Kenya's economy has continued to perform well, with real GDP growth reaching 5.9 percent in the first three quarters of 2016, up from 5.6 percent in 2015.

The lender said growth was supported by public investment spending, favorable weather in the first half of 2016, and a pick-up in tourism.

Inflation has increased to 10.3 percent in March, reflecting the reduced supply of key staple food items as a result of the drought, but is expected to decline as agricultural production returns to normal levels with the onset of the long rains.

According to IMF, the banking system has remained stable, and reforms by the Central Bank of Kenya (CBK) to strengthen the financial system continue.

"The external current account deficit (on a 12-month basis) narrowed to 5.5 percent of GDP in 2016 from 6.8 percent in 2015, reflecting lower oil prices, improved tea and horticulture exports, and increased remittance inflows," Clements said.

He said the exchange rate has remained stable and foreign exchange reserves have risen to 7.8 billion dollars (equal to 5.1 months of import cover) as of end-March. The banking system has remained stable.

"Discussions focused on macroeconomic policies and structural reforms aiming to ensure the sustainability of investment-driven, inclusive growth," Clements said.

"The authorities reiterated their commitment to macroeconomic policies that would maintain public debt on a sustainable path, contain inflation within the target range, and preserve external stability," he added.

The team also welcomed the authorities' plans to accelerate reforms aimed at mobilizing revenue to support appropriate delivery of government services at the national and county level as well as increasing the efficiency, transparency, and accountability of public spending.

The IMF mission said reforms should also aim at safeguarding financial stability by enhancing prudential regulation and supervision; and deepening structural and governance reforms to improve the business environment.

The IMF team reiterated its concerns regarding the legislated limits on deposit and lending rates introduced last September.

"Preliminary information suggests that these controls have had unintended negative consequences on the availability of financing for small and medium-sized enterprises, with the risk of reversing the remarkable increase in financial inclusion observed in recent years," said Clements.

He said interest rate controls are undermining the effectiveness of monetary policy aimed at ensuring price stability and supporting sustainable economic growth.

"Significant progress was made during the visit, and discussions will continue in the coming weeks. The team thanks the authorities for their hospitality and constructive discussions," said Clements.

IMF urges Kenya to cut budget deficit to help spur growth - Xinhua | English.news.cn

Tanzanian Affairs » THE DEBT CRISIS
 
Which budget? Half of ur budget goes to pay loan if u have a $25 bln n Tanzania's $15 bln! Who has a better budget? Mind u ur budget deficit leads the region !


IMF urges Kenya to cut budget deficit to help spur growth
Source: Xinhua 2017-04-14 21:15:29

NAIROBI, April 14 (Xinhua) -- The International Monetary Fund (IMF) has called on Kenyan authorities to move forward with the substantial reduction in the budget deficit envisaged for 2017/18 financial year to help spur economic growth.

The IMF mission which ended its ten-day visit to Kenya late Thursday said reduction in fiscal deficit which stands at 17 billion U.S. dollars will help put the debt on a declining path as envisaged under the program.

"The IMF staff team urged the authorities to achieve the fiscal deficit target envisaged under the program for 2016/17, which accommodates a substantial increase in foreign-financed public investment," the mission said in a statement released on Thursday night.

Kenya's Treasury Cabinet Secretary who unveiled 26 billion dollar budget for the 2017/2018 financial year on March 30 said budget will be in deficit of 17 billion dollars to be financed by Kenyans through taxes.

The IMF mission led by Benedict Clements said Kenya's economy has continued to perform well, with real GDP growth reaching 5.9 percent in the first three quarters of 2016, up from 5.6 percent in 2015.

The lender said growth was supported by public investment spending, favorable weather in the first half of 2016, and a pick-up in tourism.

Inflation has increased to 10.3 percent in March, reflecting the reduced supply of key staple food items as a result of the drought, but is expected to decline as agricultural production returns to normal levels with the onset of the long rains.

According to IMF, the banking system has remained stable, and reforms by the Central Bank of Kenya (CBK) to strengthen the financial system continue.

"The external current account deficit (on a 12-month basis) narrowed to 5.5 percent of GDP in 2016 from 6.8 percent in 2015, reflecting lower oil prices, improved tea and horticulture exports, and increased remittance inflows," Clements said.

He said the exchange rate has remained stable and foreign exchange reserves have risen to 7.8 billion dollars (equal to 5.1 months of import cover) as of end-March. The banking system has remained stable.

"Discussions focused on macroeconomic policies and structural reforms aiming to ensure the sustainability of investment-driven, inclusive growth," Clements said.

"The authorities reiterated their commitment to macroeconomic policies that would maintain public debt on a sustainable path, contain inflation within the target range, and preserve external stability," he added.

The team also welcomed the authorities' plans to accelerate reforms aimed at mobilizing revenue to support appropriate delivery of government services at the national and county level as well as increasing the efficiency, transparency, and accountability of public spending.

The IMF mission said reforms should also aim at safeguarding financial stability by enhancing prudential regulation and supervision; and deepening structural and governance reforms to improve the business environment.

The IMF team reiterated its concerns regarding the legislated limits on deposit and lending rates introduced last September.

"Preliminary information suggests that these controls have had unintended negative consequences on the availability of financing for small and medium-sized enterprises, with the risk of reversing the remarkable increase in financial inclusion observed in recent years," said Clements.

He said interest rate controls are undermining the effectiveness of monetary policy aimed at ensuring price stability and supporting sustainable economic growth.

"Significant progress was made during the visit, and discussions will continue in the coming weeks. The team thanks the authorities for their hospitality and constructive discussions," said Clements.

IMF urges Kenya to cut budget deficit to help spur growth - Xinhua | English.news.cn
stupid mbuzi Tanzanian Affairs » THE DEBT CRISIS illiterate like 90% of ur nation
 
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