Author: Padili Mikomangwa

New investment in Tanzania’s railways sector is expected to directly benefit nearly 900,000 people and indirectly impact an estimated 3.5 million. Tanzania operates two railway systems, totaling 3,682 km in length.   Tanzania railway sector is poised for immense growth as the World Bank poured significant funding by approving $200 million in financing from the International Development Association (IDA) which is a part of the bank.   According to available information from the World Bank statement made on Friday, the bank said the financing for the second phase of the Tanzania Intermodal and Rail Development Project (TIRP-2) will improve safety,…

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Nala Money has Payment Service Provider licenses in several countries, including its founder’s home, Tanzania. In 2020, Africa’s e-payments industry, across domestic and cross-border payments, generated approximately $24 billion in revenues, of which about $15 billion was domestic electronic payments. Africa’s domestic e-payments market is expected to see revenues grow by approximately 20 per cent per year, reaching around $40 billion by 2025 “Little did I know that if a European-based client of mine could have subscribed to Nala Money, I would have received $100 more to my fee.  Unlike Nala, the money order service I use has a low…

Tanzania’s agriculture sector holds one-third of the country’s GDP and employs 75 per cent of the population. The government target is to raise crop exports by 48 per cent to $3.5 billion by 2025 as food shipments rise to overtake the value that Tanzania earns from its traditional export crops. Tanzania earned over $1.2 billion with the export of agricultural commodities in 2020. An outlook into Tanzania’s agriculture sector Numbers show that farmers are Tanzania’s most essential workforce. Tanzania’s agriculture sector holds one-third of the country’s GDP and employs 75 per cent of the population. Available data shows that approximately…

Months after the Military takeover in Niger, the African Development Bank (AfDB) forecasts the country’s GDP to jump by 11.2 per cent in 2024, following growth of 4.3 per cent in 2023. Niger has removed its military support agreements with the French and the US, respectively. Niger becomes the third country, following Mali and Burkina Faso, to experience a military takeover. Growth projections after the Military takeover in Niger “Imperialist France”, “Down with France”, and “Chani (name of the Niger coup leader)” are a few energetic words chanted by the thousands of supporters and demonstrators who demanded the French troops…

The Tanzania Electric Supply Company (Tanesco) is currently implementing almost ten hours of power rationing across the country. Tanzanian President Samia Suluhu Hassan has instructed the Tanesco chief to resolve the power rationing issue within six months. The country’s electricity grid is facing a shortage of 400 megawatts due to low water flow and maintenance issues. Dear customer, please find today’s schedule for power rationing. This message has become all too familiar to millions of Tanzanians every morning, depressing news that now servs as a wake-up alarm from utility Tanzania Electric Supply Company (Tanesco). Currently, power cuts in Tanzania, specifically…

Sports industry in Africa is expected to grow by 8 percent in 3 to 5 years according to advisory giant PwC Currently, milions of Africans, including businesses based in the continent that have pumped millions into the tournament, are following the TotalEnergies CAF AFCON 2023 finals in Ivory Coast. In 2021, Cameroon invested over $800 million in preparations for that year’s AFCON finals. The 2021 African football continental showpiece—Cup of Nations (AFCON)—saw Cameroon attract millions of spectators both physically and virtually, a scenario that is music to the ears of sponsors. This further fortifies the fact that sports in Africa…

Indonesia has agreed to support Tanzania in developing its agriculture industry through funding and training at the Farmers Agriculture and Rural Training Centre in Morogoro. Additionally, Indonesia, which also has a thriving pharmaceutical industry, will invest in Tanzania through its pharmaceutical companies. As part of this expanding collaboration, the Diplomatic Schools of Tanzania and Indonesia have agreed to exchange students and professors. A mutually beneficial trade and investment partnership is blossoming between Tanzania and Indonesia. At the centre of this strengthening alliance, the two nations are building bridges and targeting investments in key sectors such as agriculture, minerals, marine resources,…

The 2024 Henley Passport Index has revealed that African passports still pull teeth in global mobility powerplay, failing to reach the top ten or at least the top fifteen of the annual index. In contrast, oil-rich UAE has added 106 destinations to its visa-free score over the past decade. Overall, the average number of destinations travelers can access visa-free has nearly doubled from 58 in 2006 to 111 in 2024. The 2024 Henley Passport Index has been released, and the passport power ranking has exposed several interesting issues, including the ascent of unprecedented nations to the top. Despite massive investments…