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- New power project to unleash Tanzania Lake Zone economic potential
- Low tech solution boosts agro-productivity in Tanzania
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Opinion
As the world grapples with the impact of the global recession caused by the Covid 19 pandemic, the impact of the Russia – Ukraine war, the effects of climate change, and other challenges, terrorists and violent extremists, including Da’esh, Al-Qaida, and their affiliates, continue to intensify their activities on the African continent aggravating an already difficult situation.
The response has been, by and large, heavy on the military. Still, countries are increasingly focusing on prevention with a particular focus on addressing the root causes, such as poverty reduction, strengthening institutional capacity to respond to the needs of their populations, and local reconciliation. One issue, in particular, has captured the attention of many experts working to address the root causes of radicalization, which is impunity. Indeed, the root cause of radicalization, cyclical violence, and the war was a culture of impunity.
Also Read: Peace and Politics: Can Congo achieve economic stability?
…The New Tanzania Investment Act 2022 has now become law replacing the Tanzania Investment Act Cap 38 RE 2015 and its amendments. While there was an expectation for major changes, the reality is that the new Act is more or less the same as the previous minus a few differences outlined below:
1. The Act is in the Kiswahili language and there is no translation of the same in English.
2. Removal of the automatic immigration quota of 5 work and residence permits for expatriates workers. While previously an investor registered at the TIC would be allowed up to 5 immigration permits and this was typically used for investors’ strategic employees, this incentive is removed which means there is no guarantee for the investor to obtain immigration permits for its strategic employees who will be treated like every other applicant.
3. Local Investors ie Tanzania nationals or companies
Mapping “Adaptech”: introducing a multi-dimensional map of over 70 digital technologies for climate adaptation
Climate change adaptation has been a significantly underfunded area in low-income countries. At the United Nations Climate Summit in Copenhagen 2009, high-income countries made a pledge to provide US$100 billion per year to low-income countries to help them adapt to climate change and mitigate further rises in temperature. To date this amount of investment has not yet been reached in a single year. Among the investments that have been made, less than 30% have been applied to climate change adaptation with the majority of investments applied to climate change mitigation.
Climate change adaptation helps countries and their citizens to prevent catastrophic effects on lives and property from droughts, floods, cyclones, storms; sea-level rise, increased salination, as well as temperature fluctuations. Investments in climate change adaptation are not some theoretical forward-thinking issue, but can directly save lives …
It is obvious that the DRC’s desire to become a member of the EAC is to tap into the benefits of regional trade, i.e. an expanded market of 300 million people, and to increase Foreign Direct Investment (FDI) through its membership in the EAC bloc. DRC’s capital market remains underdeveloped and consists mainly of the issuance of treasury bonds.
There is no stock exchange in the country and only a small number of private equity firms are actively investing in the mining industry. There are hardly any institutional investors in the DRC except for an insurance company and a state pension fund. The Central Bank of Congo (BCC), developed a market for short-term bonds, which are bought and held by local Congolese banks.
The absence of a domestic debt market has meant that the fixed-rate market is limited to government-issued treasury bonds with maturities of up to 28 days traded …
The Vienna World Conference on Human Rights in 1993 was forced to address women’s rights as a human rights issues because of the violence and sexual abuse against women occurring in Yugoslavia at the time.
The Fourth International Women’s Conference was held in Beijing in 1995 made human rights and women’s participation in decision making at all levels key. One of the recommendations was for the countries to have gender desks in the Ministries, Departments and Agencies including Security Services. It cautioned against the specific establishment of Women’s Ministries as these would take gender issues to the periphery as that ministry would be saddled with all matters gender-related.
The conference also discussed the eradication of poverty, women in armed conflict and violence against women. …
Who decided that omicron is ‘African’? Omicron, the new COVID variant is not “African”, plain and simple. Isolating South Africa and the region for identifying the variant is simply wrong!
These travel bans are based on politics, not on science. It is wrong on so many levels that I find myself in a shocking state of disbelief.
It is wrong for economic reasons, for humanitarian reasons, for scientific reasons but above all for actual health reasons. What I mean is that perhaps only the most naive of individuals could possibly believe that isolating the region from the rest of the world would have any significant impact on preventing the virus from spreading.
I can only speculate that these may be the same people attending record-breaking premier league (1) games with other 40,000 unmasked fellas in the UK or even European governments such as the one in Portugal who think to …
The year began amidst a raging bull market. Global equities have made up all the post pandemic losses and are up 85% (as at 7 May 2021) since their March 2020 lows.
It’s hard to overstate how dramatic this market moment was, or how much panic was in the air. The horror of more than 700 people dying every day in New York City alone for instance was still in the future, with nurses and doctors wearing trash bags instead of medical personal protective equipment (PPE).
Data shows that many investors have missed the bull run altogether or are significantly underinvested, waiting for the ‘right’ opportunity to re-enter. Those who did stay invested through the volatility or re-entered the market in 2020 have a slightly different problem ‘Should I sell?’.
The Covid-19 crisis was the ultimate affirmation of what is called the golden rule of investing, buy and hold. Your …
