Author: Giza Mdoe

Tanzania set aside over 110 hectares for the construction of the Mtwara Free Port Zone over a decade ago (2009) but since then, only 10 hectares have been put to use. Now Tanzania’s parliament wants answers as to why the project is lagging behind. Special Seats Member of Parliament (CCM) Anastasia Wambura raised the concern recently in the August House citing that the project was very promising yet little groundwork has actually been done. Responding the Deputy Minister of Agriculture Hussein Bashe acknowledged the slow pace of investment in the Mtwara Free Port Zone but blamed it on the overall…

Tanzania has earned a record $3 billion from gold sales as price for the precious metal soars in the world market. Publicized by the Bank of Tanzania, the value of gold exports clocked $3.025 billion in the year ending March 31, 2021, a considerable jump from $2.324 billion that was earned last year. In fact, gold is doing so well that it has become the country’s top foreign exchange earner, and even overtaken tourism. Gold prices have been edging up since the corona outbreak last year owing to jittery investors fearing a collapse of other currencies (including the dollar)…

Within her first two months in the executive office. With Uganda, President Samia Suluhu Hassan and counterpart Yoweri Museveni inked an oil deal with Total and China’s CNOOC to start the construction of a $3.5 billion pipeline to export Ugandan crude oil to international markets. Right after that, President Samia went on to Kenya where together with her Kenyan counterpart President Uhuru Kenyatta, she signed a pact to start working on a gas pipeline from Dar es Salaam to Mombasa. In their subsequent speeches, the two leaders said the gas deal is part of a long-term project to share energy…

ECOWAS countries in West Africa have long reasoned that the issue of food security cannot be left to a single country to shoulder. Instead, the regional bloc embraced the fact it takes collective efforts to secure the food security of a single nation and in so doing protect the whole region. In is address to member countries during the ongoing virtual meeting, the ECOWAS Commissioner for Agriculture, Environment and Water Resources, Sékou Sangaré said the regional goal of stockpiling some 40, 000 metric tonnes of food reserve is a visionary course that will protect each member state of the sub…

The government of Tanzania is working on a blue print to increase sell of the country’s agro-produce by setting up bonded warehouses in foreign markets in a bid to boost sells. The bonded warehouses will for starters be piloted in China and Saudi Arabia and are expected to ease access to markets for agro-produce. Well first things first. What is a bonded warehouse? These are building or other secured areas in which dutiable goods may be stored or even manufacturing without payment of duty. Agricultural storage silos aim to enable storage facilities for Tanzanian produce when exported abroad. Bonded warehouses…

“The change of tone ushered in by President Samia Suluhu Hassan over the last month could indicate a welcome to a whole new economic direction in Tanzania’,” remarked Peter Leon, Partner and Africa Co-Chair, Herbert Smith Freehills Investors have been wary of dipping their feet in Tanzania’s investment pool, more so investors in the extractive industries. In March 2017, a total ban on the export of unprocessed mineral concentrates and ores was instated. Just four months later, in July 2017, after six days of deliberation, three new laws assented. The new laws gave significant power to the government, empowering it to control…

In what has been christened her first official state visit, Tanzania President Samia Suluhu Hassan has today begun her two day visit to neighbouring Kenya. The visit is considered her first state visit and not her recent trip to Uganda, which was more of a ‘business trip’, meant to but sign the multi-billion-dollar oil pipeline deal and not a diplomatic visit to discuss diplomatic relations and economics. The highly anticipated visit is expected to strengthen diplomatic ties as well as iron out economic creases that the two countries had wrangled themselves in over the course of the past few years.…

When one of the World’s richest couples decides to divorce then yes we are all warrant to Tweet our P and Qs. So, as the social media world continues to dot the couples’ i’s and cross their t’s let as look at ‘the poor man’ in one of the World’s wealthiest people. As of February this year, Bill Gates’ net worth of over $137 billion, keeping the world renown philanthropist right up their with the rest of the World’s richest people. But that is not what makes Bill Gates standout, it is his willingness to aide the world’s poorest that…

It is early January, the World is still celebrating the new year , so is Somalia, the Horn of Africa. Two F-35B, single pilot airstrike jets strike at al-Shabaab operatives killing three members of the terrorist group, reported the U.S. Africa Command, AFRICOM. An African Defense Post Abroad The United States Africa Command (AFRICOM), is a joint military command body of the US for African military response against mainly terror threats. However, AFRICOM is nowhere near Africa, on the contrary, it is across the seven seas in Europe, headquartered at Kelley Barracks, Stuttgart, Germany. Now Africa wants the command post…

The number of small-scale miners in mineral-rich Tanzania has more than doubled in a period of less than a year. Mining is the country’s leading revenue earner in terms of foreign export as well as increased government revenue.

The figures were made public by Prime Minister Kassim Majaliwa while addressing parliament. He said in the financial year 2020/2021 4,652 mining exploration licenses were issued to small and medium sized miners.

Notably Tanzania is the only country in the world with deposits of the precious stone tanzanite; Tanzania is also one of Africa’s largest gold producers.