Author: Giza Mdoe

Tanzania is also party to the United Nation’s Food and Agriculture Organisation (FAO) agreement that requires countries not only to take all necessary actions to prevent and even end illegal fishing activities in the Indian Ocean but to also report all such activities.

Similarly, Tanzania is also a signatory to the United Nations Convention on the Law of the Sea (UNCLOS) and the FAO’s Code of Conducts for Responsible Fisheries as well as the Indian Ocean Tuna Commission (IOTC).

However, even with all these goodwill memberships, the country still underperforms in the fishing sphere and even with environmental concerns in mind, the country needs to increase foreign (and domestic) investment in the sector.…

Generally speaking, the proliferation of mobile phone technology has increased access to mobile money services (MMS) and is the backbone of mobile money deployment in both rural and urban areas of Africa.

“Despite its enormous benefits, embracing the usage and acceptance of mobile money has mostly been low due to security issues and challenges associated with the system,” warns professor Guma Ali from the Nelson Mandela African Institution of Science and Technology.

In a paper titled ‘Evaluation of Key Security Issues Associated with Mobile Money Systems in Uganda,’ the pundit suggests the need to carry out a survey to evaluate the key security issues associated with mobile money systems in Uganda (and Africa).

In the study that followed, which employed a descriptive research design, and stratified random sampling technique to group the population, some 741 registered mobile money (MM) users and 447 registered MM agents along with 52 mobile network …

• Tanzania’s Energy Minister Hon. January Makamba invites participants to TEC
• Patrons to review opportunities in Tanzania’s $30bn LNG investment
• Despite huge natural gas deposits, majority of Tanzania relies on firewood, charcoal

With an abundance of a diverse collection of natural energy resources, Tanzania is now poised to make the most of this enormous wealth that largely remains untapped. To this end, Tanzania is this August hosting its fourth edition of the Tanzania Energy Congress (TEC).

The highly anticipated executive summit will be hosted in the country’s commercial port city of Dar es Salaam 3 – 4 August 2022. Two day conference is held under the auspicious leadership of the Minister for Energy of the United Republic of Tanzania, Hon. January Makamba and will highlight the Ministry of Energy’s plans and priorities for both the energy and hydrocarbons sector in Tanzania.

The conference is thus, the opportune opportunity for investors to …

• In recent years, Islamic banking has grown on average two to three times faster than conventional banks.
• No interest clause and bank-client partnership attracts investors to Islamic banking.
• AlHuda Centre of Islamic Banking and Economic (CIBE) to hold Islamic banking summit in Tanzania (August)

Over the course of the last decade, Islamic banking has grown on average two to three times faster than conventional banks. Even in the middle of the global financial crisis, ‘assets of Islamic banks grew at an average rate of 17% per year’ reports Ernst and Young (E&Y), in their latest World Islamic Banking Competitiveness report.

Notably, Islamic banks differ from conventional banks because they operate under the principles of Islamic law or sharia. These laws prohibit banks from collecting usury and so Islamic banks do not charge interest on loans.

The Islamic finance market can be divided into Islamic Banking, Islamic Insurance or what …

• Tanzania has signed an energy deal to export natural gas
• Tanzania’s 4th energy summit to open new investment options
• Tanzania allays environmental concerns over offshore energy works

Following the success of the previous Tanzania Energy Congress (TEC), the organisers will now host the 4th TEC edition in Dar Es Salaam from 3 – 4 August 2022.

The two-day summit comes against the backdrop of the just signed liquefied natural gas (LNG) deal between the Tanzanian government and several international energy companies.

This June, Tanzania signed an agreement with Norway’s Equinor and Britain’s Shell to start construction of a $30bn project to export liquefied natural gas (LNG) from the East African economic giant.

In the wake of the signing, stakeholders are looking to discuss the opportunities that will arise from the deal. No other get-together will bring more stakeholders to one venue to discuss the pros and cons of this …

• Democratic Republic of Congo will host a major investment summit 27-29 June in Kinshasa
• Favourable policy changes to be discussed by top government officials
• President Felix Tshisekedi government reassures investors of security measures

Only three months after joining the East Africa Community (EAC) the Democratic Republic of Congo will this June host its inaugural DRC Investment Summit that will open the doors to Central Africa’s investment opportunities like never before.

Scheduled to take place from 27 – 29 June 2022, the two day summit will feature expert sessions that will highlight investment opportunities in the country. These sessions will provide a one of a kind platform allowing investors to learn of and hold in-depth analysis linked to policy making as well as global supply and demand movements

Organised by the government of the DRC, this inaugural summit is a global meeting place for investment in the Democratic Republic of …

Last year, the Board of Directors of the African Development Fund (AfDB) approved another loan of around $116 million to Tanzania for the upgrade of a 160-km road corridor in the southern part of the country.

This enormous funding by the Bank actually served to cover 98.71% of the project cost; while the remaining 1.29% was met by the government of Tanzania. It is expected that the AfDB will continue funding Tanzania’s road works and other transport infrastructure especially given the country’s strategic geographical location.

Tanzania is the gateway into Africa’s interior and it is also the way out to the rest of the world via the Indian Ocean.

In Tanzania, it is the Tanzania National Roads Agency (TANROADS) is responsible for the improvement of road maintenance and development. The Agency is responsible for the management of 35,000 Km of roads made up of 12,786 Km of trunk roads and …

• Tanzania’s Government is scheduled to open the 2022 Tanzania Energy Congress (TEC) this August in the country’s commercial port city of Dar es Salaam
• TEC will highlight the plans and priorities of the Ministry of Energy with regard to the next strategic steps in both the energy and hydrocarbons sectors in Tanzania
• This annual event premiered four years ago under the steward strategic partnership of Ocean Business Partners Tanzania

Tanzania’s Government is scheduled to open the 2022 Tanzania Energy Congress (TEC) this August in the country’s commercial port city of Dar es Salaam.

Hosted under the flagship of the Energy Ministry, under the patronage of His Excellency January Makamba, Minister for Energy, TEC will highlight the plans and priorities of the Ministry of Energy with regard to the next strategic steps in both the energy and hydrocarbons sectors in Tanzania.

The two-day conference (3 – 4 August 2022) will feature …

Cases so far have “mainly but not exclusively been identified amongst men who have sex with men,” according to WHO. This new revelation is against known medical knowledge of the disease because the WHO considers monkeypox not to be a sexually transmitted infection.

In a recent media briefing, Dr John Brooks, an epidemiologist with the US Centers for Disease Control and Prevention, explained that “…monkeypox is not a sexually transmitted infection in the typical sense, but it can be transmitted during sexual and intimate contact.”

From there onwards, the disease has continued to spread, as of May 21st the WHO has reported some 92 confirmed cases and 28 suspected ones. In the wake of this outbreak in the UK, other cases have been reported in Spain and Portugal and several other European countries.…

• Uganda to resume sugar imports into Tanzania
• Kenya is yet to allow the proposed import of 90000 tonnes of Ugandan sugar
• Investigation missions pry into a source of Ugandan sugar

Tanzania will now import sugar and anti-retroviral (ARVs) drugs from Uganda after President Samia Suluhu managed to iron out over three years of trade creases between the two countries.

After the agreement, the two countries released a joint communiqué in which they published the trade agreement details. According to the executive communication, Uganda will now supply up to 10,000 tonnes of sugar to Tanzania every year.

This is a major turn of events from zero to 10000 tonnes which finally ends Tanzania’s 2019 ban on Uganda sugar. Before the 2019 ban on Uganda sugar imports into Tanzania, Uganda was exporting into Tanzania in excess of 20000 tonnes.

During the ban, Tanzanian officials had argued that the sugar that Uganda was …