Author: Giza Mdoe

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.…

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…

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…

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 22,214 Km of regional roads.

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…

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…

With numerous international companies and organizations operating in Tanzania’s rural areas, input by this sector has huge direct impact on the related communities.

Support ranges from digging of wells to funding irrigation and smart agriculture projects. There is also the matter of lack of adequate financing and poor sanitation all of which gravely hold back social and economic growth across the country.

Also, as the minister pointed out, through CSR, companies have the opportunity to help the government increase water supply by digging wells for rural communities and by protecting water catchment areas in places they operate.

Unfortunately, even with an increased power supply, electricity is mostly used for lighting but the vast part of the community still relies on biomass ‘…which makes up close to 90% of the total primary energy consumption in Tanzania.’

According to REA, this reliance on biomass leads to the deforestation of 100,000 hectares every year and only about a quarter of this is ever reforested. At the moment, at least 63.5% of the households in Tanzania Mainland use firewood as the main source of energy for cooking which is the main cause of deforestation along with the clearing of forests for cultivation.

Another 26.2% of Tanzanians rely on charcoal for cooking and another 5.1% use, liquified petroleum gas and a mere 3 per cent use electricity. These figures show that even though there is an increased supply of electricity there is still profound destruction of forests and the atmosphere through deforestation and the burning of fossil fuels respectively.

A road here and a railway there can never equate to bloodshed, torture endured, families separated, a history lost, a culture destroyed, a people lost. Because of colonisation modern-day Africans no longer know who they are or what their heritage is. 

They look up to the Caucasians as the embodiment of beauty, progress, of reason, none the wiser that it is their forefathers in Puntland and Ohir, in Egypt and Mesopotamia, that brought civilization to the world.

2022 Africa Day must be about recognition of Africa, re-branding Africa and re-establishing Africa’s position in the global socio-economic and political arena. On this Africa Day we must not only ask what is Africa but who is Africa.