Author: Padili Mikomangwa

Tanzania’s race for natural gas development is strategic and on point. The nation has been paying attention to several methods of maximizing the LNG potential.

LNG in Tanzania is faced with other competitions in the region. Egypt is the next potential powerhouse next door and a much more experienced producer.

In 2012, Tanzania and three Chinese companies agreed to construct a 542 km pipeline leading from Mtwara to the nation’s commercial capital, Dar es Salaam.…

• Africa is now realising the African Continental Free Trade Area (AfCTA)
• Africa economy is expected to grow by 3.8 percent in 2022
• Africa has 60 percent of its population under age of 25

Africa’s economy is rising and it has been for a while now. For the intelligent investor, it is wise to rise with it side by side as Africa remains the most naturally endowed continent on the planet. This in terms of human and other natural resources. Hence to Invest in Africa is the next big thing as the region needs a 360 touch on its manufacturing industries.

With projected growth hitting 1.5 billion people, Africa stands as the most profitable ground for investors within the mining, transport and services sector. The region is not only advancing economically but diplomatically too.  

The African Continental Free Trade Area (AfCFTA) is yet another breeding ground for success in the …

• Ethiopia is one of the largest countries in Africa
• The US has a long diplomatic relation with Ethiopia dating 1903
• Ethiopia is building a hydroelectric dam that will generate 5,000 megawatts of electricity

Ethiopia economy is one of Africa’s fastest-growing economies with a GDP projected to trend around US$ 112 billion, representing at least 0.10 per cent of the world economy.   Thus, US-Ethiopia relations have presented rather effective diplomatic potential for one of the populous nation in the region.   

The East African nation has made noteworthy and tremendous economic improvements which have seen the nation’s GDP per capita rise from US$162 in 2005 to US$790 in 2018, an average annual growth rate of more than 14 per cent, according to information from the US Department of State.  

Ethiopia with its rich history has recorded substantial economic strides over the past decade, and the United States of America (USA) is one …

ILO points out that the informal sector is still arguably responsible for 90 per cent of sub-Saharan Africa’s economy and two-thirds in North Africa.   

The sector provides 90 per cent of all new jobs and 70 per cent of all employment across sub-Saharan Africa.  

As the world changes, so as Africa. Due to economic and political setbacks, the region is shadowed by plenty of misconceptions about its role in shaping the world’s technological and education front.  

Above that, Africa is now embracing a new wave of transformation. The continent is adopting and executing new plans as it goes—bringing the digital divide by embracing edutech in schools, innovating social solution tech and startups championing smart farming in Africa’s breadbasket.   …

Africa has never been at a better time to capitalize on the real estate market. The sector is rigged with plenty of modern technology that offers myriad opportunities that shift away from traditional uses and increase transparency and efficiency. 

Africa Business Insider pointed out ten pathways for investors to benefit from investing in the African real estate market in 2022. 

Long-term residential rentals are argued to be one of the fastest ways for an investor to garner profits as the rising population in Africa calls for substantial development of decent shelter. 

Real estate investment trusts (REITs) allow investors to acquire profits without holding physical property. According to Business Inside Africa, REITs provide diverse opportunities to investors, primarily in the market niches.…

• Tanzania has one of the largest international airports in East Africa
• Tanzania Standard Gauge Railway is slated to commence operation by the end of April 
• Tanzania is a gateway serving competitive landlocked neighbouring countries.

Tanzania’s economy is moving at a steady pace. According to the Bank of Tanzania, the inflation rate is at 3.6 per cent, and the nation’s GDP stands at 5.2 per cent (3^rd Quarter 2021).

The United Nations argues that the African Continental Free Trade Area (AfCFTA) is expected to increase intra-African trade in transport services by nearly 50 per cent.

In 2015, the African Development Bank (AfDB) approved $346.38 million to improve 500 km of roads across the country over the next five years.

On the other hand, in 2014 World Bank, another development funder to Tanzania, furnished the nation with $300 million to improve rail and transport infrastructure, which ultimately boosted intra-region trade with …

• The continent internet economy can reach $180 billion by 2025, accounting for 5.2 per cent of Africa’s GDP
• Africa’s access to the internet stands at  40 per cent, according to Google
• With more than 1.3 billion people, Africa lags behind the rest of the world in internet connectivity as it has only 22 per cent in connectivity

Africa’s digital economy is expanding quite fast. The continent internet economy can reach $180 billion by 2025, accounting for 5.2 per cent of Africa’s GDP, according to information from IFC.

Doubling down on the latter, by 2050, the projected potential contribution could reach $712 billion, 8.5 per cent of the continent’s GDP (IFC). Internet in Africa is the new gold as it facilitates the growth of technology-driven sectors, transforming communities’ economies.

Internet in Africa is transforming economies of fast-growing countries that also record a large share of internet users in the region, such …

Global poverty is not only the current threat to the progression of humanity. Inequality is yet another block that spikes the fire.

According to Oxfam, even after the pandemic threw higher costs of life to communities worldwide, the wealth billionaires own risen sharply compared to 14 years ago.

In this case, South Africa presents an exciting take to analyze. South Africa is an unequal country in the world.

In the second top economy in Africa, race plays a crucial factor in fueling inequality, where 10 per cent of the population owns more than 80 per cent of the wealth, according to information from Aljazeera.

On the governmental level, complications may arise when handling mass starvation and social cohesion for millions of people in locked nations in East Africa, Yemen, Syria and the Sahel.…

• The Royal Tour documentary features the respected US travel journalist Peter Greenberg
• President Samia drove a manual gear vehicle for the first time in ten years
• The documentary is slated to be viewed on Apple  TV Plus and Amazon Prime

Tanzania’s tourism industry is targeting to improve visitor numbers after President Samia Suluhu Hassan launched the anticipated Tanzania Royal Tour documentary in New York on Monday.

President Suluhu Hassan’s Royal Tour is yet another milestone executed to enhance tourism in Tanzania. The documentary titled, Tanzania: The Royal Tour, is a series of global television events hosted by Peter Greenberg with President Suluhu Hassan as his exceptional guide—who exposes the rich nature of her nation’s tourism via her leadership eye.

During the premiere of the documentary, President Suluhu Hassan took the liberty to assure millions of potential tourists once again that Tanzania is the best place to spend their vacation, “We …

President Suluhu Hassan has welcomed American investors in her bid to “set the tone for creating the safe lending for investors”.

By 2021, Tanzania led in East Africa in the number of FDI attracted from the US to Tanzania, followed by Kenya and Uganda.

Over the past years, there was deterioration in Tanzania’s business and investment sector that marred the nation’s attractiveness.

The latter brought Tanzania to rank 141 out of 190 countries on the 2020 World Bank Ease of Doing Business Report, which the International Trade Administration argued to be the lowest among the nation’s peers.

Hence, President Suluhu Hassan’s administration is addressing the latter. Her government has now substantially improved cross border trading with its neighbouring nations, dealing with unrealistic taxes, unnecessary bureaucracy, delayed refunds and unfriendly administration of taxes.…