Four African countries are staring at huge losses running into billions of dollars starting January 2024 following their expulsion from the African Growth and Opportunity Act (AGOA). The move will further worsen the unemployment crisis in the affected countries. Agoa offers thousands of jobs in apparels industry, especially to the youth.

When the first-ever, state-of-the-art tourism documentary featuring Tanzania’s President Samia Suluhu Hassan and narrated by Peter Greenberg, the world’s best travel journalist, and award-winning investigative reporter, “The Royal Tour,” premiered in the US, it was only a matter of time before tourist numbers soared in Tanzania.
Whether it is the most beautiful places to visit in Tanzania or exotic landscapes found nowhere else, Tanzania offers one of the most unique tourism experiences in Africa and the world.

With the world steadily evolving to a more digital and eco-friendly era, many organizations have sought better ways to grow and consolidate their market. South Africa has recently caught the eye of many investors due to ongoing innovation and competitive government policies. However, Electricity rations have left the economy reeling, hurting many companies’ operations.

In the latest developments, South African battery manufacturer AutoX Proprietary Limited received ample support from Ecobat, which sold all its subsidiary businesses. This move represents an opportunity to scale for AutoX and highlights the country’s prevailing business environment.

Major woodworking expos—Dubai Wood Show, Cairo Wood Show, and Saudi Wood Show—are carving out a…

Nevertheless, AfDB reports that Africa’s average GDP growth last year was more than the global average of 3.4 per cent. In fact, all but two African countries recorded positive growth trends. Overall, African nations have shown remarkable resilience, evident in the projected economic growth surpassing the global average.

“The outlook remains positive and stable, with a projected rebound to 4 per cent in 2023 and further consolidation to 4.3 per cent in 2024. Our projections show that 18 African countries will experience growth rates exceeding 5 per cent in 2023, a number expected to increase to 22 in 2024,” states the World Bank in its 2023 Economic Outlook report for Africa.

As the sun set over the Indian Ocean, casting a golden hue over the bustling Dar es Salaam port, a new chapter awaits in Tanzania’s maritime history. In a strategic move, the Tanzanian government inked a 30-year concession agreement with Dubai’s state-owned ports operator, DP World.

More than a business transaction, this partnership will see DP World operate and modernize parts of the Dar es Salaam port. The partnership speaks to Tanzania’s vision of dominating East Africa’s maritime space. It also shows Tanzania’s commitment to infrastructure development and international collaboration.