Tanzania to host major freight forwarders meet
Tanzania businesses are set to benefit from vast opportunities by hosting the Region Africa and Middle East meeting (RAME) which will bring together over 300 participants in freight forwarding industry.
President of Tanzania1 Freight Forwarders Association (TAFFA), Mr Stephen Ngatunga
The international conference will be attended by senior clearing agents, freight forwarders, business delegates in addition to government officials, ambassadors and trade representatives from Africa and Middle East and beyond.
The meeting is an opportunity for any organisation with an interest in freight forwarding to network and make business connections, according to President of Tanzania Freight Forwarders Association (TAFFA), Mr Stephen Ngatunga.
Having a high profile event such as RAME will go a long way towards improving and marketing businesses further. We want to show the world that Tanzania is an ideal gateway for regional trade, Mr Ngatunga told a news conference in Dar es Salaam2 yesterday.
With a theme; Towards more sustainable regional freight forwarding partnerships, the forum comes at a time when Tanzania is embarking on an expansion and modernisation of ports and railway lines.
There are vast opportunities for business growth to be unlocked in Tanzania in terms of clearing and freight forwarding if neighbouring landlocked countries use Dar es Salaam port through the central corridor as transportation hub, the TAFFA boss observed.
By ALVAR MWAKYUSA, Tanzania Daily News3
References
- ^ Tanzania (in2eastafrica.net)
- ^ Dar es Salaam (in2eastafrica.net)
- ^ Tanzania Daily News (dailynews.co.tz)
VN-Index closes week in red TalkVietnam
Vietnam s benchmark VN-Index extended losses to second day to close week in red on June 22 as support tumbled due to negative news from global market.
Shares of 303 companies and five mutual funds listed on the Ho Chi Minh City Stock Exchange sank 0.92 percent, or 3.97 points, to close at 427.17 points.
Among the index members, 63 were gainers, 172 losers, while 73 stocks remained unchanged.
Trading on the city bourse rose by 18 per cent in volume, and nearly 10 per cent in value over the previous trading session as more than 51.72 million shares changed hands at a total value of VND755.91 billion.
Saigon Thuong Tin Joint Stock Commercial Bank or Sacombank (STB) took the lead in the race for most active share in volume spot with 2.33 million shares changing hands.
Sacom Development & Investment Corporation (SAM) ran after with 2.16 million shares.
Duc Long Gia Lai Group Joint Stock Company (DLG) tagged along with 2.07 million shares traded.
Sea & Air Freight International (SFI) ditched 5.81 percent to close at VND16,200.
MT Gas Joint Stock Company (MTG) lost 5 percent to close at VND3,800.
Binh Thuan Mineral Industry Joint Stock Company (KSA) undermined 4.76 percent to close at VND14,000.
Ben Tre Forestry & Aqua Product Import Export Joint Stock Company (FBT) and NBB Investment Corporation (NBB) restored 5 percent to close at VND12,600, and VND33,600 respectively.
Tan Binh Import Export Joint Stock Corporation (TIX) strengthened 4.88 percent to close at VND21,500.
Do Thanh Technology Corporation (DTT) edged up 4.82 percent to close at VND8,700.
The VN30 Index a free-float adjusted, market cap-weighted index of 30 stocks with the highest market value and liquidity on the exchange fell 4.37 points, or 0.87 percent, to end at 500.34. Among its 30 members, 5 stocks advanced, 21 retreated, and 4 remained unmoved.
Hanoi s HNX-Index of the smaller bourse in the north moved backward 0.8 percent, or 0.59 points, to close at 73.31 points with 46 winners, 182 losers, and 65 stocks treading water. Around 42.18 million shares changed hands at a total value of VND431.32 billion.
Meanwhile, the UPCoM-Index of unlisted shares erased 0.52 percent, or 0.19 points, to close at 36.24 points. A total of 373,440 shares changed hands at VND3.59 billion.
Related links: Real-time Boards: HOSE and HNX12
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wilmer crossness: Argentine unions plot British cargo ship delays (AP)
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