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Countries
Saudi Arabia commits to increased trade with Tanzania. Already the oil-rich nation has entered into an agreement to set up a meat processing plant…
Tanzania is rolling out new laws aimed at attracting investors…
Tanzania organic cotton gaining global market interest. Growing call for…
Africa is the new battlefront where Russia and the US are vying for prominence. The…
The Maputo Protocol was adopted by the African Union (AU) in July 2003. Already, 44…
New survey shows the average cost of school fees and educating a child in Kenya…
Tanzania hosts World Bank Group Human Capital Project (HCP) President Samia announces national efforts to…
Tanzania’s third five-year development plan focuses on creating employment for its fast-growing youth population. The country plans to increase the employability of its graduates and youth in general through a comprehensive skills development program. According to a report, Tanzania’s five-year development plan will cut unemployment from 9 per cent in 2019 to 8 per cent by 2025/26.
The debt-for-nature swaps concept has emerged as a viable solution to address Africa’s ‘poly-crisis’ marked by debt distress, climate change, and biodiversity loss. In light of this, Gabon recently launched an initiative termed Africa’s first debt-for-nature swap.
The Central African nation intends to buy up at least $450 million of its government debt and convert it into an eco-friendly blue bond. This is with a tender offer for its sovereign dollar-denominated bonds maturing in 2025 and 2031, prompting the Eurobonds to rise as much as 2.2 cents on the dollar.
