- De Beers’ shutdown triggers ripples across South Africa’s diamond mining belt
- Nigeria’s oil output soars to heights not seen since 2020. Here’s what’s changing behind the numbers
- Kenya’s construction costs surge at fastest pace in four years as fuel price shock hits
- African trade is growing despite the obstacles
- Why global capital is betting big on Africa’s digital promise
- Kenya posts stronger-than-expected Q1 growth at 5.3% on manufacturing rebound, tourism boom
- China’s new investment rules are about guardrails, not closed doors
- Zanzibar optimistic economic growth will hit 7.5% on tourism boom
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Zanzibar legislators project 7.5% economic growth. President Mwinyi advocates private sector participation. Zanzibar recent talks with Brazil, US expected to bare fruits. Zanzibar has…
KRA reports record KES2.84 trillion (up 10.6%) in tax collections,…
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The Household Budget Survey (HBS) report for 2019/2020 was released by the office of the chief government statistician (OCGS) in May painting the poverty reduction agenda on different levels, as the tool collected information pertaining to private households’ economic activities, household income and expenditure, housing characteristics and expenditure.
The HBS report argued that the 2019/20 HBS helped in evaluating Zanzibar’s performance concerning the United Nations Sustainable Development Goals (SDGs), as well as regional development strategies.
Zanzibar is the semi-autonomous region of the United Republic of Tanzania, made up of two isles, Pemba
Zanzibar International Tourism Show- The Exchange
and Unguja, inhabited by more than 1.7 million people. The archipelago is dominated by two main economic operations, agriculture and services, particularly the tourism service industry.
At the turn of the millennium, the Rwandan government purposed what became known as Vision 2020. The government’s goal in implementing this policy was to move from an agricultural-based economy to a digitized and middle-income society by the year 2020. Having made this bold assertion, the government facilitated the linking of the country to global wireless networks. With increased connectivity, Rwanda’s tech revolution began.
To date, mobile phones are very popular in the country, with connectivity available in rural areas. In asserting its commitment to the provision of ICT tools and programs, the Rwandan 500 franc note is embossed with a picture of young children working on laptops. ICT gadgets are also available for purchase on credit facilities, with smaller tech companies partnering with leaders in the industry to avail such options to the consumer.
Nonetheless, production remains very low, and this is true for most other parts of the continent as well. Even though Africa has some of the world’s largest water bodies and is surrounded by the Atlantic on the West and the Indian Ocean on the East, the Mediterranean Sea in the North and the merging of the Atlantic and Indian Oceans to the South, the continent contributes only a small percentage of the global fish supply.
Tanzania is looking to change this fact. Following a presidential order to boost fish production, the country is embarking on a gigantic project to harvest 12 tonnes of fish per month. Undertaken by the country’s National Service (military branch) the project is expected to also produce more than 200,000 fish seeds.
The ceremony was attended by local and regional dignitaries – heads of states, ministers, heads of diplomatic missions and international organizational heads. H.E. Museveni in his speech gave highlights and assurance to the business community around the East African region, Africa and the world at large, stating that the National Resistance Movement (NRM), – the ruling party, stands for Pan-Africanism which translates into economic and political integration. Economic integration in this case refers to having a common market for products and freely doing business within the borders of the neighbours. This is an assurance that the Ugandan market specifically, is open for interested economies and individual business owners and investors.
Remittance to Kenya increased by 10 percent to $3,095 million in 2020 from $2,796 million…
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Recent Posts
- De Beers’ shutdown triggers ripples across South Africa’s diamond mining belt 23.07.2026
- Nigeria’s oil output soars to heights not seen since 2020. Here’s what’s changing behind the numbers 22.07.2026
- Kenya’s construction costs surge at fastest pace in four years as fuel price shock hits 21.07.2026
- African trade is growing despite the obstacles 15.07.2026
- Why global capital is betting big on Africa’s digital promise 15.07.2026
- Kenya posts stronger-than-expected Q1 growth at 5.3% on manufacturing rebound, tourism boom 14.07.2026
- China’s new investment rules are about guardrails, not closed doors 14.07.2026
- Zanzibar optimistic economic growth will hit 7.5% on tourism boom 13.07.2026
- Kenya defies economic shocks to post record $22 billion in tax collections 10.07.2026
- Forget South Africa: East Africa now rules in banking industry returns 09.07.2026























