Author: Giza Mdoe

As more countries choose gold over dollar for national reserve, Tanzania is requiring all miners to remit 20% of their gold output. This is part of Tanzania’s shift from U.S. dollar reserves system to the precious mineral since creating it’s national gold reserve last year.  Across the continent, Kibali, a gold mine in the DRC remains the largest gold producer in Africa. Gold is dominating international markets, with soaring demand set to reshape Africa’s gold mining industry. As more countries shift toward trading in local currencies, gold is emerging as a strong contender against the U.S. dollar as the preferred store…

International aid and loans to Africa are based on a false (mathematical) statement; Africa needs development aid – False. Net financial flows to African countries dropped 18% (2020/22) -True. Africa paying more to service debts than development aid it recieves – True. U.S. President Donald Trump’s aid cuts will fatally affect developing countries where millions of people rely on the aid for their livelihoods at a time when huge debt servicing costs pose even worse effect on their lives. “Analysis also finds growing debt service payments are rapidly outpacing aid and investments in all developing countries,” reveals a One Campaign…

Excelsa coffee, a century-old discovery from South Sudan, is gaining global attention amid a climate-induced coffee industry crisis. Climate change is devastating top coffee producers like Brazil, causing a 12% output decline and record-high prices. As extreme weather threatens global coffee supply, Excelsa is emerging as a potential resilient alternative. At the moment, a century-old discovery from South Sudan, Excelsa coffee, is the name on every coffee connoisseur’s lips. The wonder bean is now making waves in the global coffee scene as climate change tightens its grip on the world’s leading coffee-growing regions, manifesting by faltering production amid soaring prices.…

Montero Mining and Exploration Ltd has received the final $7M installment of a $27M settlement with Tanzania, resolving a long-standing dispute over the expropriation of its Wigu Hill rare earth project. While this payment marks the conclusion of the legal battle, Montero noted that final legal costs and expenses must still be determined before net proceeds can be confirmed. The company is now evaluating the distribution of funds and expects to provide an update on potential shareholder payments by Q2 2025. Montero Mining and Exploration Ltd has confirmed receiving $7,000,000, being the final instalment in a US$27,000,000 settlement between the…

Trump’s escalating aid cuts are crippling global humanitarian efforts, with the UN’s World Food Programme (WFP) now forced to shut its southern Africa office. The closure threatens food assistance for millions, as WFP has been leading the response to the region’s worst drought in 40 years. With USAID slashing 90% of foreign aid contracts and WFP facing a 40% budget cut, 26 million people across seven countries are at risk of severe hunger. The escalating U.S. aid cuts under President Donald Trump are impacting millions worldwide, exposing the extent to which American taxpayers have been funding global aid. This raises…

Tanzania is growing its national gold reserve as a smart move to counter USD shortage. Already, the country lags behind peers Kenya and Zimbabwe in gold reserve held yet its a major exporter of the precious mineral. Will Tanzania’s new plan be enough to counter its currency woes? In the face of a persistent U.S. dollar shortage crisis, authorities in Tanzania  are turning into gold hoarding as a potential solution. Despite being Africa’s fourth largest gold producer, accounting for 1.3 per cent of the global output, Tanzania’s gold reserves stand at an estimated 45 million ounces, which is relatively low…

Tanzania tourism surpasses 5 million visitor numbers target. Data shows the number of Chinese tourists to the East African nation is increasing annually. Film featuring top Chinese actor has big impact in Tanzania tourism. Tourism in Tanzania is growing faster than anticipated with the country having hosted 5.36 million tourists in 2024, a figure higher than the targeted five million tourists by 2025. Tanzania’s Minister for Natural Resources and Tourism, Pindi Chana told a stakeholder’s meeting earlier in the week that the 5 million plus tourists racked in 4 billion U.S. dollars in revenue last year. Notably, of the said tourists,…

Tanzania well underway to achieve clean energy transition. The nation’s success story has been enhanced by Siemens Energy’s investment in Ubungo Power Plant in Dar Es Salaam. The technology to drive the energy transition is available, and Siemens Energy says it has capacity to make it accessible. Tanzania faces two fundamental energy transition challenges, achieving universal access to affordable, reliable, sustainable, and modern energy services by 2030, as set out in the United Nation´s Sustainable Development Goal 7. The country is also keen on increasing the supply of electricity to fuel economic growth and improve livelihoods while avoiding a lock-in…

USAID was established in 1961 by US President John F Kennedy. The charity arm has over 10,000 global employees and spends $40 million in humanitarian support. Trump, Musk allege USAID is run by “radical left lunatics” getting away with “tremendous fraud.” A notice placed on the USAID website that announces to all its global staff, over 10 000 personnel, the commencement of an administrative leave this Friday.USAID, a giant charity arm of the US government is being dismantled by U.S. President Donald Trump. This decision is set to sent shockwaves across the world as it comes after almost a century…

Donald Trump threatens to cease all funding to South Africa. South African-born Elon Musk against Expropriation Law. South Africa says the new law is just and seeks land equality in the wake of apartheid.  Donald Trump and his advisor, Elon Musk, have threatened to cease all aid to South Africa over its Expropriation Law. The move comes after South Africa’s President Cyril Ramaphosa signed an Expropriation Bill into law this January a move that does not sit well with Trump and Musk, an American billionaire who was born in South Africa. South Africa says the law, seeks to empower the…