Author: Padili Mikomangwa

The central bank of Tanzania (BoT) released a monthly economic review report this week the report depicted the performance of different sectors of the economy. Inflation Tanzania has been maintaining its inflation rate over the past month in 2021. According to this monthly report, inflation has continued to remain down, evolving within the country and regional targets. The report argued that the twelve-month consumer price index (CPI) headline inflation eased to 3.3 per cent from 3.5 per cent in the previous month, which is rather widely driven by the slowdown in prices of non-food consumer goods and services. “On a…

If you are reading this in East, Central, North or Southern Africa, you have probably heard these hit songs “Number One”, “Waah”, “Nana”, and “Jeje” performed by Diamond Platnumz. Tanzania as another country in Africa with plenty of music potential has seen its very own raw talent, Diamond Platnumz raising the country’s flag with his unique and eccentric Bongo-Flava hits, but also drawing more receipts probably more than any other artist in Tanzania’s history. The East African country has produced more successful musical talents including AY, MwanaFA, Lady JayDee and Ali Kiba to mention a few. However, Diamond Platnumz has…

East Africa (Tanzania and Uganda in this case) is endowed with plenty of natural resources that mark it as a potential region for investment and economical prosperity. The East Africa Crude Oil Pipeline (EACOP) is another milestone that will levitate Tanzania to a good position economically. The crude oil project which was stalled since 2019, has taken a new leap that sounds promising to the two countries which are eyeing maximizing the potential of $15 billion in investment (The East African 2021). Earlier this week, the project was signed off by Uganda President Yoweri Museveni in the nation’s capital, Kampala…

Until 2019 Africa and china had an eccentric lending experience. This includes the lending spree featuring more than $10 billion a year from 2012 to 2017, higher than $1 billion in 2001, sadly China lending to Sub-saharan Africa has fallen short due to serious defaulting fears. A detailed study executed by John Hopkins University’s China-Africa Research Initiative pointed out that, debt sustainability concerns have triggered lending to the African government to drop by 30 per cent in 2019. China—the world top industrial economy has been a close lender to Africa—the world’s top raw material producer and fastest-growing economy over the…

African cities are prone to flood damage, which can be widespread leaving hundreds homeless, communities and economic systems destabilized and infrastructures costing millions to build, destroyed. 

All these issues factor in an uncomfortable reality that African communities cannot afford. According to a 2018 publication by The Conversation, floods cost Tanzania up to $2 billion annually, while tracing back to 2012, Nigeria—Africa’s top economy suffered its largest floods in the century which wiped out assets worth nearly $10 billion. 

In this case, investing in data is crucial for developing economies. Hence—over time—different organisations such as the World Bank (WB) and the World Economic Forum (WEF) have rallied for the utilization of data and promoting data democratization for effective development planning. 

The value of data is vast and elongates further especially in emerging economies. According to a January 2021 publication by WEF, there are more things to explore when it comes to data and Africa has been painted as one of the interesting places on the planet with sufficient opportunities. 

The late Magufuli is celebrated and mourned across the East African Community which has also joined hands with Tanzania to remember his legacy—which extended from his fight against corruption and the misuse of public resources to his diplomatic relations, forged across the landscape through several regional communities—where on numerous occasions he had declared that ‘we are unified as one’. 

Magufuli was a stern advocate of hard work for economic excellence. His voice on this matter was as strong as his willpower. Throughout his unfinished tenure, he had demonstrated how Tanzania can transform its natural wealth and utilize domestic tax collections to fuel development projects. 

Mozambique—another African country endowed with plenty of natural gas reserves holding 100 trillion cubic feet (Tcf), has suffered another blow within the lucrative industry as security concerns forced French oil and gas giant company Total to postpone its work at a liquified natural gas (LNG) project in the country. Internal conflicts have been occurring in Mozambique rather often. On March 27 Jihadis seized a town and allegedly attacked a convoy of fleeing civilians, which includes foreign workers, as fighting continued (Further Africa). According to various media sources, including BBC, dozens of people are dead following an attack by Islamist militants…

Africa is music and music in Africa. The music and entertainment industry in Africa is nearly reaching . (Ultram) 5 billion while the 2019 IFPI global report point Africa combined with the Middle East recorded about 15 per cent increase in revenue (for record business)—more importantly, this ascension puts Africa as the world second highest growth market after Latin America. The most youthful continent in the entire world has been a land of abundance in terms of musical talents, from the record hits of Burna Boy, Diamond Platnumz, Davido and Cassper Nyovest, Africa has carved its mark on the global…

Climate change is a 21st-century phenomenon that has called the attention of most governments on planet earth. In Africa, the cost of adaptation is estimated at approximately $2 billion per year in the period 2030-2100. According to a US-based think-tank, Brookings, research finding point out that, bold climate action could deliver at least $26 trillion in global economic benefits between now and 2030. On another, it could also generate nearly 65 million new low-carbon jobs by 2030. All these benefits safeguard Africa’s prosperous future which is filled with exciting development projects execute across the region’s vast landscape. As far as…