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 …

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  • 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

  • The tripling of investment in 2022 is a statement to the world that the East African nation is open for business.
  • The success is a straightforward strategic plan from President Samia’s administration since she assumed office in March 2021.

Tanzania Investment Centre (TIC) records show that the year 2022 has made the statement ‘Invest in Tanzania’ hold water. Over the past months, several activities have echoed across multiple fields, including manufacturing, transportation and tourism.

TIC records show that from July to November 2022 there was an increase of 22.2 percent in investment projects (132 registered projects) compared to 102 projects registered during the same period in July to November 2021.

In October, the American firm Moody’s Investors Service changed its status on Tanzania’s outlook from stable to positive, noting that political risks have declined under President Samia Suluhu Hassan’s administration, which concurrently promotes economic development and strong diplomatic ties.

Tanzania’s …

 

  • Elon Musk Starlink satellite internet in Tanzania expected as early as first quarter of 2023
  • Tesla to access nickel and cobalt from Tanzania’s Kabanga mines by 2025
  • Tanzania, Kabanga form Tembo Nickel Corporation at 16% and 84% shares respectively

Elon Musk in Tanzania: Did you know, there are over 3250 satellites hovering in the Lower Earth Orbit over you? The number is not shocking, what is impressive is the entire satellite constellation is owned by a single company, Elon Musk’s Starlink.

In his ambitious effort to offer faster internet coverage globally, the world’s richest man actually plans to have as many as 42,000 satellites in the Lower Earth Orbit (LEO).

As we enter the New Year 2023, Tanzania is set to become the fourth African country to allow internet service provision from Starlink’s LEO satellites.

Even though Tanzania has already laid down some 7,910Km of fibre optic cable that …

PAET GAS
  • Tanzania’s Energy Minister Hon. January Makamba invites participants to TEC
  • Patrons to review opportunities in Tanzania’s $30bn LNG investment
  • Despite huge natural gas deposits, majority of Tanzania relies on firewood, charcoal

With an abundance of a diverse collection of natural energy resources, Tanzania is now poised to make the most of this enormous wealth that largely remains untapped. To this end, Tanzania is this August hosting its fourth edition of the Tanzania Energy Congress (TEC).

The highly anticipated executive summit will be hosted in the country’s commercial port city of Dar es Salaam 3 – 4 August 2022. Two day conference is held under the auspicious leadership of the Minister for Energy of the United Republic of Tanzania, Hon. January Makamba and will highlight the Ministry of Energy’s plans and priorities for both the energy and hydrocarbons sector in Tanzania.

The conference is thus, the opportune opportunity for investors to …

As Africa’s role in the global economy continues to garner prominence, it’s imperative for the continent to seal the gaping hole in its power supply.

Lack of universal power access remains a major roadblock that has retrogressed industrialization and socio-economic development. Statistics from the World Bank indicate that Africa remains the least electrified region in the world, with 568 million people lacking access to electricity.

The Bretton Woods institution, further notes that the Sub-Saharan Africa’s share of the global population without electricity, jumped to 77 per cent in 2020 from 71 per cent in 2018, whilst most regions saw declines in their share of access deficits. It has become a Hobson’s choice for African governments to prioritize the power sector, which is the epicenter of industrialization, working towards Goal 7 of the UN SDGs; which advocates for universal access to affordable, reliable and modern electricity services.

Currently, Africa’s power is …

Tanzania’s coal mining landscape is featured with attractive investments. In September 2011, a Chinese company, Sichuan Hongda Co. ltd, signed a $3 billion deal with Tanzania to mine coal through the Mchuchuma Coal mine and iron ore, yet another big win for the sector (Global Energy Monitor – GEM).

The current agreement comes to supplement the existing efforts the government of Tanzania and other private actors made to enhance coal mining.

In January 2021, it was reported that Tanzania China International Mineral Resource Ltd. (TCIMRL) requested tax incentives on import duty on goods to be imported for the construction work, incentives on spare parts and machinery, and relief on fuel.…

  • The effects of climate change and anthropogenic factors have adversely affected the availability of water for wildlife in Tanzania National Parks
  • Africa is the second driest continent globally, and millions of Africans face water shortages
  • Mkomazi National Park is one of the world’s largest and most ecologically essential networks of protected areas known as the Greater Tsavo Ecosystem.

Africa is the second driest continent globally, and millions of Africans face water shortages. But there is one point that we always miss! We talk about how important water is for humankind and the challenges we face with water security and forget that creatures in the wild are also feeling the same pressure, if not more. Clean water is critical for the survival of our species and every living creature on planet earth.

African Aqua Solutions (AAS) have for a long time been examining different ways to support our environment, our wildlife …

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