Trending
- Russia and Tanzania unite to double trade, boost Africa market access
- History as Janngo Capital seals Africa’s largest gender-equal $78M tech VC fund
- South Africa Budget Disappoints Investors as Deficit Widens
- Kenya drops to 6th place in Africa trade barometer
- Tanzania’s bold move to boost cashew nut exports by 2027
- Chinese cities dominate global list of places occupied by billionaires
- Sudan tops up as Africa aims for $25 billion development fund
- Opportunities for youth: Tech firms Gebeya and NVIDIA to train 50,000 developers in Africa
Browsing: East Africa
So now the government through its Ministry for Agriculture has decided to take action to increase domestic production of edible oils. To do this, the government has developed several strategic approaches including upgrading peasant technology.
This initiative fits into the country’s overall industrialization initiative that targets mainly agricultural mechanization. By increasing funding for the set up of factories and smaller production plants, Tanzania is able to increase its output of edible oils.
However, the country needs to increase seed production hand in hand with increasing its value chain capacity. This is where the Tanzania Agricultural Research Institute (Tari) based in Dar es Salaam comes in. A globally-renowned research institute that develops hybrid seeds among other agricultural research works.…
Norrsken22 plans on capitalizing on its general partners’ years of experience and investment philosophies to back startups in fintech, MedTech, Edtech, and market-enabling solutions such as B2B marketplaces and inventory management businesses.
Kolbe, whose previous firm Actis backed Egyptian fintech giant Fawry in 2019 as it prepared to go public, said Norrsken would look at Egypt ‘opportunistically.’
Deals from the country that may be of interest to the firm will be those planning an expansion into the four markets Norrsken22 is currently keen on, including Nigeria, Ghana, Kenya and South Africa.…
Justice Makau’s ruling was as follows, “I find as decided in the Court of Appeal decision, the petitioner has a right to mechanise and adopt technology in its operations. The matter in dispute is therefore effectively concluded and settled in terms stated.”
If the cry of the workers’ Union is true, then this ruling threatens more than 50,000 workers’ jobs and allegedly, already over 10,000 tea pickers have lost their jobs to the machines.
However, the odds are pinned against the peasants, the Kenya Tea Growers Association says the loss of jobs has nothing to do with the machines but rather ‘…tea companies reducing their workforce through natural attrition.…
Tanzania: The government, through the Central Bank of Tanzania has successfully kept the economy not only afloat but reasonably expanding even in the face of the global pandemic. because monetary policy staving off effects of covid on the economy.
The Tanzania government has kept its resolve to keep the economy liquid by ensuring there is enough credit for the private sector. As reports the Central Bank, the government has maintained what it describes as an ‘accommodative monetary policy.’
Thanks to this ‘accommodative’ monetary policy, the government of Tanzania has managed to boost credit flows to the private sector and thus managed to support recovery of the economy from the adverse effects of COVID-19.
The monetary policy of Tanzania has been to increase supply of credit to the private sector by using several means including lowering minimum reserve rates at the Central Bank for commercial banks and on the other …
That maybe they will be enlightened to some new ‘fair trade’ concept that they are not aware of or maybe they will be moved to—maybe cut back on their exports to Africa?
Both sides would do well to recall what is buried in the shallow graves, engraved thus: ‘When East African countries suggested ending import of second-hand clothing to boost their own garment manufacturing industries, AGOA contracts forced them to abandon the idea and continue wearing used American apparel.’
When the high ranking African delegate, Wamkele Mene, suggested before top US economic diplomats that ‘…the continent…
Tanzania Telecom charges:
Tanzanians are forced to reach deeper into their pockets as the government has increased the cost of performing mobile money transfers. Effective July of this year, Tanzania’s have seen the cost to send or withdraw money shoot up to the roof.
The government, through parliament past a bill to hike the charges arguing the extra tax is needed for national development projects. The government amended the Electronic and Postal Communication Act (CAP 306) a move that allowed it to impose a levy of on mobile money transactions depending on the amount sent and withdrawn.
The amount is an increase from the earlier 14.5 per cent that was raised back in 2014. At that time it was explained that the levy increase was meant to compensate the government…
What has sparked this increase in tourists arrivals is, among other things, the country’s rigorous decimation of the Covid-19 uptake and the generally positive response of the public. Notably, as of 5th December 2021, almost 2 million (1,699,523) vaccine doses have been administered.
As was the case elsewhere in the world outbreak of the pandemic fall in tourism arrivals severely affected the economy and more so the tourism and hospitality sectors.
To get a perspective of how the two sectors in Tanzania were hard hit, consider the fact that tourist arrivals in 2019 were slightly above 1.5 million yet this number dropped more than 50 per cent to a lowly 600,000 tourists in …
- Pay-as-you-go (PAYGo) financing has in the past been used to help more low-income consumers in emerging markets access essential services
- With the financing model, consumers who cannot afford to pay for a product upfront can choose to pay a distributor in partial, affordable instalments over an agreed period
A new report shows that demand for Pay-As-You-Go financing for products in East African will skyrocket in 2022 as more consumers opt for alternative payment solutions instead of cash first payment.
According to the latest data by Angaza, a provider of sales and customer management technology for last-mile distributors, most consumers are unable to pay for sophisticated products like smartphones and TVs, despite an increase in their demand.
Angaza Customer Success Director Peter Thuo said the Pay-As-You-Go model shows excellent potential to help consumers in emerging markets access products they previously could not afford through flexible payment terms.
“Pay-as-you-go (PAYGo) financing has …