Kitomari Banking & Finance Blog is a premier site for banking, finance, business, economic, investment and stock market news as well as selected informative articles from Tanzania, East Africa and the rest of the World. We operate 24 hours a day, 365 days a year with complete context, perspective and precision.
Thursday, 18 April 2019
NEW SHOPPING BAGS SUPPLY BIG OPPORTUNITY - MINISTER
The Government has challenged Tanzanian entrepreneurs to grab the multi-million business opportunity presented by the looming ban on plastic bags instead of leaving the money-minting opportunity to foreigners.
Speaking in Dar es Salaam on the sidelines of the Tanzania-China high level meeting, the Minister of State in the Prime Minister's Office (Investment), Angellah Kairuki said special areas for the manufacture of the alternative bags will be allocated for the purpose in all administrative councils before the ban takes effect on June 1st, 2019.
Statistics show that Tanzania uses one billion plastic bags per year. When the ban comes into force, it will present a massive business opportunity for alternative bags.
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