Browsing: Dar es Salaam

French national carrier Air France is set to launch two additional weekly flights to Nairobi beginning April 1, a move that will cement its presence after an 18-year absence which ended last year. Air France last year resumed flights to Nairobi after an eighteen-year hiatus. The announcement comes ahead of the state visit to Kenya by the French President Emmanuel Macron.

New Paris-Dar es Salaam route adds Air France presence in African skies

Countries
  • The new route will run on Monday, Wednesday, and Saturday every week using Boeing 787-9. This model is Air France’s leading aircraft in African skies.
  • Airline’s expansion will offer travelers more choices and contribute to the growth of Tanzania’s tourism industry.
  • Travel-related revenue in Tanzania nearly doubled to $2.56 billion in 2022 from $1.31 billion previously.

The first flight from Paris Charles de Gaulle to Dar es Salaam’s Julius Nyerere International Airport has been launched by Air France, the national airline of France.

Air France is demonstrating its belief in Tanzania as a destination for both business and leisure travel. The new route adds to the airline’s existing service between Paris and Zanzibar.

Air France to fly three times per week

The Boeing 787-9, a highly effective and environmentally friendly aircraft operated by Air France to sub-Saharan Africa, will fly the route on Monday, Wednesday, and Saturday every week.…

Islamic banking industry growing faster than conventional banks

Banking
  • In recent years, Islamic banking has grown on average two to three times faster than conventional banks.
  • No interest clause and bank-client partnership attracts investors to Islamic banking.
  • AlHuda Centre of Islamic Banking and Economic (CIBE) to hold Islamic banking summit in Tanzania (August)

Over the course of the last decade, Islamic banking has grown on average two to three times faster than conventional banks. Even in the middle of the global financial crisis, ‘assets of Islamic banks grew at an average rate of 17% per year’ reports Ernst and Young (E&Y), in their latest World Islamic Banking Competitiveness report.

Notably, Islamic banks differ from conventional banks because they operate under the principles of Islamic law or sharia. These laws prohibit banks from collecting usury and so Islamic banks do not charge interest on loans.

The Islamic finance market can be divided into Islamic Banking, Islamic Insurance or what …

Princess Zahra Aga Khan, Chair of the Executive Committee of The Aga Khan Health Services laying the foundation stone of the Cancer Care Centre, Aga Khan Hospital, Dar es Salaam. She is with Ummy Mwalimu, the Minister of Health of the United Republic of Tanzania among other dignitaries present. www.theexchange.africa

Cancer Care Center to be developed at Aga Khan Hospital Tanzania

Investing
  • The Cancer Care Centre will serve as a key hub for the innovative Tanzania Comprehensive Cancer Project (TCCP)
  • The Project has the forward-looking goal of reducing cancer morbidity and mortality in the targeted regions of Dar es Salaam and Mwanza
  • The TCCP is expected to directly benefit approximately 1.7 million people and will work with regional health management teams, as well as council health management teams

The Aga Khan Hospital, Dar es Salaam, has laid the foundation stone for its state-of-the-art Cancer Care Centre.

Launched by the Aga Khan Health Services (AKHS) in January 2020, the Cancer Care Centre will serve as a key hub for the innovative Tanzania Comprehensive Cancer Project (TCCP).

The Project has the forward-looking goal of reducing cancer morbidity and mortality in the targeted regions of Dar es Salaam and Mwanza. It is a four-year, public-private initiative funded by Agence Française de Development (AFD), as well …

Floods. www.theexchange.africa

Flood economics: What Tanzania should do to improve cities

Infrastructure

A careful study of the 2011 flood’s socio-economic impacts on Dar es Salaam indicated that the flood events damaged properties worth millions and the government was forced to spend a total amount of US$796,968 in rescuing and relocating vulnerable communities who lived in the low-lying areas of Dar es Salaam’s districts.

Per World Bank research, which offers clear insight into the matter, exposure to floods is a widespread phenomenon affecting at least 39 per cent of the population, or two million people, having been impacted either directly or indirectly by floods.

The April 2018 floods alone affected between 900,000 and 1.7 million people, and among the affected households, 47 per cent (18 per cent of the city’s population) reported health impacts.…

The filariasis worm that causes elephantiasis. Nearly 4.5 million Tanzanians in Dar es Salaam have received two drugs in a first step towards eliminating elephantiasis. www.theexchange.africa

Tanzania leads East Africa towards eliminating Neglected Tropical Diseases

East Africa

Ending LF Elephantiasis as a public health problem in the three nations would make them the first cluster of countries in Africa to achieve the breakthrough.
This, following the announcement by the World Health Organisation (WHO) in January 2020 that Malawi had eliminated the disease as the second country in Africa, after Togo in 2017.
Elephantiasis is a Neglected Tropical Disease (NTD) which causes swelling and disfigurement and has left thousands of East Africans permanently disabled.…

 Africapolis: A new approach towards rethinking African urbanization   

Premium

Africa is big! Africa is growing and is projected to be more populous than it is now. Estimates indicate that nearly 2.8 billion people will inhabit Africa by 2060, according to the World Bank.  

The high population could impact African countries depending on each respective country's reaction toward overpopulation and urbanization.  

A crucial factor in this is land. To be more specific, urbanization of African economic hotspots ought to be analyzed effectively, because Africa is not open to the world as it supposed to be. 

Not only that, but African cities are changing fast, and Africa requires a robust approach which is close to fool-proof to push the region towards sustainable development. 

In this case, the Organization for Economic Co-operation and Development (OECD) report on Africa’s Urbanisation Dynamics 2020 enlightens the perspective quite vividly. 

Kenya had more urban dwellers than the entire

…
Aga Khan to set up infectious disease units in Tanzania

Aga Khan to set up infectious disease units in Tanzania

Health

The Aga Khan Health Services, the arm of the Aga Khan Development Network (AKDN) that supports activities in health across Africa and Asia has announced a new partnership with the French Development Agency (Agence Française de Développement – AFD) to establish infectious disease units in two of Tanzania’s cities.

The two entities have signed a €300,000 grant agreement to establish Infectious Diseases Units (IDU) in Dar es Salaam and Mwanza. The Infectious Disease Units will offer full-fledged services, capacity building, infrastructure, and technology to enhance the quality of service delivery.

The grant will enable the strengthening of the current system to address challenges pertaining to infectious disease control management. It will enable the Aga Khan Hospital, Dar es Salaam to respond adequately to pandemics, such as COVID, including addressing issues pertaining to inadequate health infrastructure and capacity.

The grant of €300,000 is provided as part of the worldwide “COVID-19–Health in …

Cost of living: keeping your head above water

Countries

As African nations’ economies grow, so do individual expenses in basic and often, extra necessities, such as food, clothing, rent, data, and entertainment to say the least.

In this case, there are a lot of benefits attached when people tweak their expenses strategically and hone the art of saving, especially on their consumables spending habits when living in big cities, such as Tanzania’s commercial capital, Dar es Salaam (Africa’s fifth-largest city).

Tanzania is one of the fastest-growing economies in sub-Saharan Africa, and Dar es Salaam (with more than six million people) is one of the 30 cities in the world growing fast, according to National Geographic.

Expatistan, a cost of living database, noted that Dar es Salaam has cheaper costs of living than in 62 per cent of cities in Africa and in 83 per cent of cities around the world.

As we accumulate savings over time, the nagging worries…

…
The newly opened Exim Bank Tanzania branch in Dar es Salaam’s Mkwepu Street. This follows the bank’s successful acquisition of UBL Bank. www.theexchange.africa

Wondering which Exim Bank completed UBL Bank acquisition in Tanzania?

Banking

There are a number of -Exim Banks in the world which makes it hard to distinguish which is which.

For starters, Tanzania has officially opened its newest branch in Dar es Salaam’s Mkwepu Street following the bank’s successful acquisition of UBL Bank.

UBL is a subsidiary of Pakistan’s UBL Bank and the acquisition comes as Exim Bank plans to spread and expand nationwide.

Consolidation Tanzania’s banking sector

With the acquisition, Exim Bank becomes the first private sector bank to embark in the consolidation of the banking sector in the country.

Post-acquisition Exim Bank becomes one of the top 5 banks in the country with an asset base of TSh1.7 trillion (USD 738 million).

“We are delighted by the diverse base of customers that will be joining Exim bank family and we assure the customers that we are thrilled to have you on board, and we commit to ensure that you …