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Tanzania
- In their letter dated June 26th, 2024, High Commissioners and Ambassadors from 10 countries expressed their dissatisfaction with how the Tanzania Revenue Authority (TRA) handled taxation issues related to investors from their countries.
- The French Embassy acknowledges the contribution to attracting and expanding quality international investment into Tanzania.
- Tanzania has attracted a stock of over $3.87 billion of investments from India, with a total of 675 projects and over 61,000 jobs delivered, making India one of the Top 5 investors in India.
Foreign Investors Challenges in Tanzania
“We are writing to express our concerns regarding both recent and ongoing challenges faced by foreign investors in Tanzania,” said a letter by a group of Ambassadors representing the United States, the United Kingdom, the Kingdom of Netherlands, France, Belgium, Canada, Korea, Sweden and Germany obtained by The Exchange, in part.
According to the letter addressed to January Makamba, Minister of Foreign Affairs …
- Climate change will push 132 million people into poverty by 2030.
- CARE has set a 2030 Goal to impact 25 million poor and marginalised people, particularly women and girls.
- According to CARE, as climate change pushes millions more into poverty, strengthening the resilience of the poorest and most marginalised people, especially women and girls, while building their capacities to adapt, should be the main agenda on all policy-making avenues.
Empowering Women in Agriculture to combat climate change
Climate change will push an additional 132 million people into poverty by 2030, most of these will be women. To help address the related challenge, the rights group CARE in Tanzania has launched a women’s empowerment program to combat the effects of climate change in agriculture.
Her Resilience, Our Planet, the six-year project targets women empowerment in the Southern Agricultural Growth Corridor of Tanzania (SAGCOT) clusters.
The project adopts a comprehensive approach to …
- Imaginative agriculture concepts are essential to sustainable food production
- Women and youth are the most affected by climate change’s effects on agriculture
- Canada commits 20 million dollars to support smart agriculture in Tanzania
Smart agriculture is the only sustainable solution to food security and economic growth through commercial agriculture in Tanzania.
However, in Tanzania, economic losses from climate change impacts on agriculture are estimated to exceed $200 million yearly.
“The adoption of climate-smart agriculture (CSA) practices gives an opportunity to minimise such losses, create resilience in the agriculture sector, maximise productivity and farmer incomes, and contribute to climate change mitigation,” notes the World Bank.
Further still, if Tanzania is to adopt climate-smart agriculture, its focus must be on the livestock sub-sector, which is estimated to contribute the most to greenhouse gas emissions.
According to the World Bank, an increased focus on developing livestock-based programs is needed to support the country’s …
- Microbe animal feed supplement doubles milk production in 24hrs
- Bacterial solution solves aflatoxin problem in animal feed
- Tanzania dairy industry to benefit from Kenyan feed supplement
Kenyan dairy farming scientists have developed a molasses-based animal feed supplement that is capable of doubling milk production in just 24 hours.
Using naturally occurring microbes, scientists have figured a way to ‘pre-ferment’ or ‘pre-digest’ animal feed which in turn allows for the cow’s body to easily and quickly absorb nutrients and in turn produce more milk much faster.
Cows, like most other ruminant herbivores, do not have the time to properly chew their feed in the field, this could be a natural self-preservation adaptation i.e. quickly collect the feed when in a hazardous environment filled with predators and only process it later in the safety of their resting places.
Grass is stored in one of the four chambers (four stomachs) before being regurgitated …
- Saudia Airlines launches direct flights to/from Tanzania
- Saudia Airlines direct flights to Tanzania less than 5 hours
- According to the Tanzania Civil Aviation Authority, the number of international travellers to Tanzania increased by 55 percent in 2022
Saudia Airlines on Sunday 26th March made its maiden flight to Julius Nyerere International Airport (JNIA) in Dar es Salaam, Tanzania, cutting travel time and reducing travel costs to the Kingdom by more than half.
This inaugural flight by the Saudi Arabian carrier marked the start of direct flights to and from Jeddah to Dar es Salaam four times a week. With the commencement of these direct flights, travel time between the two countries has been cut down by more than half.
Before the Air Saudia direct flights, passengers had to endure a flight time of up to 10 hours. Now, the same distance will be covered in only 4 hours and 40 …
- US Vice President Kamala Harris pledges increased US trade with Tanzania
- This visit by VP Harris is expected to encourage US investment in Tanzania through trade, which already the office of the Vice President has pledged to do.
- US Lifezone Metals to set up second cobalt, nickel refinery plant in Tanzania
The trip to Tanzania by US Vice President Kamala Harris is already bearing fruit with the US announcing plans to increase trade with the country.
Air Force 2 landed in Tanzania late Wednesday where the US second in command was received in a colourful ceremony at the Julius Nyerere International Airport (JNIA) in the commercial port city of Dar es Salaam.
Her host, Tanzania president Samia Suluhu Hassan who was herself Vice President less than two years ago, hosted Vice President Harris at the State House fondly known in Swahili as Ikulu. Vice President Kamala Harris is in Tanzania …
- Tanzania signs 161.47 million US dollars to implement Kakono HPP in Lake Zone
- European Union (EU) to chip in additional 35 million Euro for Kakono HPP
- Kakono HPP will take five years to complete, feature a primary school, health centre
The government of Tanzania has secured funding for the Kakono Hydropower Project (Kakono HPP). The project is in line with the country’s Third Five-Year Development Plan (FYDP III) and aligns with President Samia Suluhu’s plan to foster a competitive industrial economy.
The Lake Zone, in the north-western part of Tanzania, is one of the country’s highest fossil fuel consuming region due to the low coverage by the national electricity grid. The region uses diesel generators making the region expensive for investors and residents.
Funding a US$325 million power project in E. Africa
Also Read: French Development Agency provides $30 million for African SMEs
With assistance from the African Development Bank …
- Tanzania inflation hits five year high
- Zanzibar bans export of food commodoties ahead of Holy Month
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Tanzania’s annual inflation rate has hit its highest point in five years clocking 4.9% in January 2023 and at the close of February the rate was no better.
According to the Tanzania Central Bank The Bank of Tanzania (BoT), the prices of food & non-alcoholic beverages went up by 9.9% up from 9.7% in December of last year.
The BoT monthly economic update report showed similar increase in prices across all sectors and indicator that the cost of living in Tanzania has increased drastically. Wit no matching increase in income, this means that the burden of acquiring daily basic needs like food has become worse for Tanzanians.
With percentages in the brackets here are how several sectors are suffering from price increase in Tanzania: Transportation (6.2% …
