Trending
- Safaricom posts 52.1% jump in half-year net earnings to $331M, Ethiopia loss narrows
- African mergers and acquisitions set to rise in 2026 as licensing rounds open new opportunities
- AIM Congress China Chapter 2025 to be Held in Shanghai as Forum Expands Global Reach
- Mukuru and JUMO tie up to pioneer AI-powered retail loan services in South Africa
- In a first, Kenya launches green fertilizer plant powered by geothermal energy
- Trump’s DR Congo Peace Deal Falls Apart: The Story Behind a High-Stakes Accord
- How African economies can turn youth bulge into wealth boom
- How the Centre for Cyber Diplomacy and Leadership Is Changing the Game of Cybersecurity in Africa
Author: Giza Mdoe
- For African gold-exporting countries, newly introduced Dubai gold contracts could be transformative.
- Nations such as Tanzania, Ghana, South Africa, Sudan, and Mali, all of which have deep trading links with Dubai, stand to benefit from a more transparent and regionally aligned pricing mechanism that reflects actual market realities rather than Western benchmarks.
- By settling payments in UAE dirhams instead of U.S. dollars, African exporters could receive funds faster, reduce conversion costs, and avoid exposure to dollar volatility.
Dubai has made another bold move to revolutionize the world’s gold market. The Dubai Gold and Commodities Exchange (DGCX) has listed the world’s first-ever Shariah-compliant spot gold contract, opening new opportunities in Islamic finance through gold trading. The measure, reported by Khaleej Times, is seen as a tactical step that fits within the UAE’s broader goal to strengthen its financial markets, reduce reliance on dollars, and reinforce Dubai’s reputation as the “City
- DR Congo’s mineral and forest resources together represent a twin pillar of green wealth, underground metals to fuel the energy transition and rainforests that consume billions of tons of carbon. Managing both at once could make the DRC a climate linchpin or a cautionary tale.
- The scale of Congo’s mineral discovery, estimated at $23 trillion, is too large to ignore. If well managed, the DRC’s minerals could provide a sustainable source of income that would expand its economy and power the continent.
It may be that the world’s green revolution will go through the red earth of Central Africa. Both geologists and economists are opening a wellspring of investment opportunities in the middle of the Congo Basin, where swaths of emerald-green jungle that once provided François Mitterrand with an 8-foot desk overlook soil packed with minerals. The world’s second-largest rainforest, in the Democratic Republic of the Congo (DRC), is a
- CRDB Tanzania and FinDev Canada have signed a US$60 Million investment to increase access to finance for Women and Youth entrepreneurs across the region.
- The partnership also gives priority to climate adaptation projects that back businesses which lead the way in green innovation and becoming more resilient in the face of environmental challenges.
CRDB Tanzania closes mega-size million dollar agreements with world top banks. The signings, which took place on the fringe of the World Bank / International Monetary Fund (IMF) Annual Meetings in Washington D.C., opens another chapter of CRDB Bank’s focus to propel inclusive and sustainable economic growth for communities of Tanzania, Burundi and Democratic Republic of Congo (DRC).
This milestone cements CRDB Bank’s role as a driver of development in East and Central Africa-hundreds of entrepreneurs, MSMSEs, and clean investment promoters will be empowered.
CRDB Tanzania strategic partnerships overview at IMF and World Bank Meetings
At Investors …
- Government of Tanzania launches fund for NGOs.
- Tanzania NGOs urged to wean off donor dependency.
- NGOs encouraged to seek alternative fundraising solutions.
Players across Tanzania NGOs segment can breathe a sigh of relief following the government’s decision to establish a fund to support non-state actors in the country at a time when organizations are grappling with thinning donor support.
Last week, the government of Tanzania launched a National Committee tasked with coordinating the establishment of the Non-Governmental Organisations (NGOs) Basket Fund (NBF), an initiative that is wired to support entities in the segment during the current period of reduced donor funding.
The announcement was made at the annual NGOs forum held in the country’s capital Dodoma. Reading the Vice President’s speech at the ceremony, Minister for Community Development, Gender, Women and Special Groups, Dr. Dorothy Gwajima challenged the committee to carry out its duties with utmost diligence.
“We expect the …
- With Agentic AI, there will be significantly decreased need for travel to banking halls or to engage banking agents.
- Innovation signals that businesses must plan for Agentic AI to stay relevant.
- Agentic AI will help you account for every cent that you otherwise forego.
A new innovation, Agentic AI or AI agents, looks set to make sophisticated money decisions for millions of customers, further reshaping banking industry and influencing how decisions are made on billions of dollars held in banks.
Sounds scary, if you are a banking agent, yes, the fact that AI technology my take over your job in the not so distant future is a real cause for concern. The fear of AI taking our jobs is a Ross all industries, from hospitality where you no longer need to talk to a travel agent but rather simply ask your 24/7 chat bot and it will do the job …
- The market share of Tanzania tea is gaining ground globally.
- To boost growth momentum, Tanzania has appointed former beauty pageant as tea ambassador.
- Currently, China leads global tea production and market, too.
Tanzania tea output is increasing and gaining global popularity, latest figures from Tanzania Tea Board (TBT) show that the country’s green leaf is now ranking as the fourth largest export crop.
In an update following a stakeholders meeting to explore strategies to enhance the update of the export crop, TBT called on sector players to ride on “superior quality of Tanzanian tea” to increasingly push for its “recognition on the international stage.”
TBT Acting Director Beatrice Banzi said the tea sector is crucial for Tanzania’s economy and that the government has put in place efforts to enhance the country’s competitiveness in the global tea market.
As part of it’s efforts, the country has appointed Nargis Mohamed, a former …
- Tanzania sugar output increasing.
- New factory launch to bridge demand gap.
- President Samia urges sustainability in sector.
The Tanzania sugar industry is experiencing growth, with production nearing self-sufficiency but a gap still exists between domestic demand and production. According to sector authorities, the country’s annual sugar demand is in excess of 600,000 tonnes, while production is nearing this demand, but it is still not quite there.
“The government has a target to increase production to 756,000 tonnes by the end of 2025 to meet both local and industrial needs, as well as for export,” reads a press release shared during a recent opening of yet another sugar factory.
The factory launch was graced by President Samia Suluhu Hassan, who officially opened the multi-billion Mkulazi Sugar Factory at Mbigiri Estate in Kilosa District, Morogoro Region.
In her comments about the Tanzania sugar industry, the president admitted that there have been what …
- Tanzania tax compliance key to growing domestic revenue.
- TRA launches initiative to increase compliance.
- AI adoption poised to firm up tax compliance systems.
As the drive to increase revenue collections intensifies, tax authorities in Tanzania have been urged to embrace emerging technologies including Artificial Intelligence (AI), to enhance efficiency in sealing leaks and annihilating evaders.
For years, officers from the which Tanzania Revenue Authority (TRA) have battled tax evaders, individuals and businesses who keep under declaring their duty obligations while also bursting bold tax avoidance schemes involving cross-border businesses.
A recent report by advisory firm Pricewaterhouse Coopers (PwC), however, suggests that the use of AI and new technologies in the country can see players easily compute VAT, withholding tax, corporate income tax and other tax liabilities in almost no time.
“Technology is growing at its highest speed, revolutionising business models as well as the behaviours of today’s tech-savvy consumers,” reads …
- Saudi Arabia has embarked on a goal to increase oil output.
- With higher oil output, the global target to meet ideals of the Paris Agreement may not be realized.
- Despite policies in favor of renewables, new investments in oil continue to spell trouble.
Saudi Arabia is increasing oil output, and the global energy transition is entering a new phase, or maybe, dying all together as drive for fossil fuel resurrects. The oil-rich country is leading a global resurgence in oil demand, and new oil finds that continue to occupy economies Africa, Brazil and elsewhere, a fine recipe for relentless effort to resuscitate the fossil fuel industry.
“Despite countries across the world committing to a net-zero future, the energy transition is unfolding slower than needed to achieve the goals of the Paris Agreement,” warns the Energy Hub in it’s report ‘Can Saudi Arabia’s Oil Sustain Its Dominance Amid Global Push for …