Browsing: Africa

The reality is that many facilities cannot effectively run without electricity. …

The Tanzania Revenue Authority (TRA) has won a USD 1.3 million (3bn/-) case against Vodacom Tanzania dating back almost two decades ago. Tanzania’s Court of Appeal delivered a ruling last week in which it rejected Vodacom’s appeal of TRA’s tax audit dating back to a three year period between 2001-2004.

Local media reported at the start of the week that, “…TRA, the respondent, conducted tax audit in respect of the appellant’s business affairs for the period covering the year 2001 to 2004.”

The findings of this audit were that Vodacom Tanzania was withholding tax and penalties related to services and royalty for use of software acquired from Siemens Telecommunications (PTY) Ltd.

“On November 10, 2006 the respondent served the appellant with preliminary audit findings…” in turn, on April 24, 2007, Vodacom Tanzania issued its own revised audit findings which TRA did not accept as correct.

The following year, on August …

While most other East African countries are expected to fall into a recession for the remainder of the year, Tanzania’s economy is actually expected to grow.

The unexpected projection was given recently by the African Development Bank (AfDB) which stated that Tanzania’s economy may expand by as much as 5.2 percent this year.

This report contradicts that of the World Bank which recently forecast that the country’s economy would suffer a slowdown and slump down to 2.5 percent from last year’s high of 6.4 percent.

“Despite the projected slowdown, real GDP growth in Tanzania will benefit from increased prices of gold, a major national export,” reads the report in part.

The phenomena makes sense since gold prices are still climbing thanks to investors opting to use the precious metal as a store of value against the now volatile dollar. The dollar has been taking a pounding from the effects of …

Five years ahead of schedule Tanzania achieved middle income status. To be exact, the World Bank changed it’s classification from ‘a low-income to a lower-middle-income country.’

East Africa’s sleeping giant is finally awakening. Right in the middle of the global Coronavirus pandemic, Tanzania has provided a rare piece of good news — on 1 July 2020, the country achieved its middle-income vision five years ahead of schedule. – The Africa Report

The World Bank’s news was announced to the country by it’s President John Magufuli bringing even more recognition to the achievements of Tanzania’s fifth administration.

In his twitter handle, the president posted the new country status emphasizing the achievement was accomplished five years ahead of time.

“Today, July 1, 2020, the World Bank announced that Tanzania has become a middle-income country. I congratulate my Tanzanian colleagues for this achievement. This is a big feat that we have accomplished and …

Kenya, Mauritius, Namibia and South Africa are the only countries on the continent where the share of online shoppers exceeds 8 per cent.…

The elephant population in Tanzania has increased from 43,330 in 2014 to over 60,000 this year. The government attributes the increase to crackdown on poaching syndicates.

A key figure in the poaching and black market trade of ivory, was arrested denting the industry greatly. Christened, the “Ivory Queen” Yang Fenglan, a prominent Chinese businesswoman was last year sentenced to at least 15 years in prison.

However, by time of her arrest, it is estimated she alone was responsible for the smuggling numerous tones of ivory to China. Yang was tried and found guilty of operating one of Africa’s biggest ivory-smuggling rings. By the of her arrest, she is said to have been responsible for smuggling ivory worth over USD2.5m. That value is estimated to have been derived from the slaughter of almost 400 elephants.

Following her arrest, activists suffered a great lose with the murder of Roger Gower in 2016. …

Mozambique has already set an example of sound policy and governance…

Modern technologies increase skill premiums and thus can worsen income inequality by replacing low-skilled manual jobs…

When there is conflict, it is the general society and businesses that suffer the most, in fact business should be at the forefront of advocacy for peace.

With almost every element of business going digital, the question of digital platforms been used for radical sentiments is not a political agenda but a socio-economic one.

There is need to take concerted action to promote and facilitate peace especially now, in an age where social media is been used to spread radical content online. Social media and other digital platforms are also very powerful tools to prevent conflict and extremism and promote greater understanding and tolerance.

“We have to take steps to ensure we instill seeds of peace and tolerance for one another, and social media is a great platform to reach youth to promote peace” Martha Nghambi the, Country Director for Global Peace Foundation Tanzania asserted.

Speaking to media over the …

Digital education in Africa is a precondition for the continent’s socio-economic transformation and the survival of its people.…