Browsing: Magufuli

Tanzania’s President John Magufuli has ordered the country’s Ministry of Minerals to allocate land to iron and other metal smelters; and to lure investors quickly, the president said the land allocation may even be done at ‘no direct charge’ to the investor.

The President issued the order at a swearing in ceremony for the ministry’s new deputy minister, on Friday 11.12.20. President Magufuli was emphatic over the sector’s potential to contribute to national development. He specifically named a few areas that have already been identified to have ‘millions of tonnes of iron deposits.

“We have so much iron deposit, if the smelters ate willing to melt stolen rails they are willing to smelt iron ores,” he said.

“Give investors areas to mine iron and other metals and minerals,” he went on to say and even pointed out that “…even right here at the capital, we have iron deposits.”

With that, …

BRT Tanzania

With several 100 million dollars in investment^, the Dar es Salaam Bus Rapid Transit System (BRT) is an infrastructure that deserves as much awe as any other in the world.

The investment involves some19.3km of roadways traversed by over 100 buses. It has27 bus stations built with such style and elegance they do indeed give the city a facelift so to speak.

More than the aesthetic function, the infrastructure has indeed transformed the port city of Dar Es Salaam from the usual narrow roads dotted with vendors to 6 lanes and pave ways for passengers, it looks good.

The BRT system that was designed by a Brazilian international consulting firm called Logit ferries 1000s of passengers every day and given that its buses run on specialized lanes, they face no traffic and so it takes less time to complete the same routes that regular commuter …

Before the dangers of lead were known, it was a common ingredient in house paint, where it acted as a pigment and increased durability. Though banned for use in paint in the U.S. in 1978, millions of homes, schools, and businesses still have lead based paint on their walls, both inside and out. According to the Environmental Protection Agency, lead paint can be found in:

• 24% of homes built from 1960-1978
• 69% of homes built from 1940-1960
• 87% of homes built before 1940

If the paint is in good condition and has been painted over, it usually doesn’t pose a problem. But if the paint is peeling or has been disturbed by scraping, sanding, or burning, it can pose significant health risks to people and pets, especially young children.

How Financial Exits have fared in Africa’s new normal

The case for Tanzania

Back in 2016, the Tanzania Bureau of Standards’ …

Only days after the French oil pipeline Total finalized talks with Ugandan President H.E. Yoweri Museveni, a state visit was made by the Ugandan leader to neighbouring Tanzania where he inked the deal with his counterpart Tanzania’s President H.E. John Magufuli, to jointly develop the East African Crude Oil Pipeline.

The pipeline will be 1 445 km long making it be Africa’s longest heated oil pipeline and is expected to carry some 230,000 barrels per day. Tanzania is expected to get the lion’s share of the deal since almost 80% of the pipeline will run through the country and is expected to employ more than 18,000 Tanzanians.

Most of the benefits involve the construction period of the pipeline where employment will be created for the Tanzanian youth along with a boost of economic activities all along the pipeline.

Uganda struck oil some 14 years ago back in 2006 but has …

The Tanzania insurance market is still very much untapped and even as the country achieves middle income status, much of the population is still not insured.

Commercial banks in the country have smelt opportunity in the industry and are now circling in. CRDB Bank, a leading bank in Tanzania, recently announced plans to register its own insurance subsidiary firm.

The bank is currently already a broker and enjoying considerable premium back payments which almost double in the span of just 3 years (2016-2019).

In an interview with local media, CRDB’s Broker General Manager, Mr Arthur Mosha said in that short time, their premium levels is up from 44.2bn/- ($19.088 million) from 25bn/- ($10.81 million).

Not surprising, Tanzania’s insurance market grew by 8.6 percent in gross premiums over the course of the last financial year. As of 2018, Tanzania’s insurance industry had 31 insurance companies, 109 insurance brokers and 635 insurance …

The President of Tanzania, H.E. John Pombe Magufuli has raised a storm on the social media after questioning some of the tests conducted on Tanzanian patients, which he attributes to either poor workmanship in the National Referral Laboratory or faulty kits.

In a televised speech, the Tanzanian leader narrated how his security agents submitted different samples from domestic and wild animals as well as fruits and even natural oil, all disguised as human samples with queer results of goat, pawpaw and quail all returning positive for Covid-19.

Though this has become an online buzz, this has also raised critical questions on the validity of tests currently being used in Africa, mainly from China. There have been fears of the tests returning an invalid result painting a wrong picture of the pandemic.

African countries have been heavily relying on donated kits with Chinese billionaire Jack Ma sending in over one million …

The falling price of crude oil spells good favour for importers in Africa. The price of crude has been on a steady drop despite attempts by producers to cut output. As a result, many African countries are taking advantage of the situation and stock piling their reserves.

Take for instance the case of East Africa, crude oil represents more than 20 percent of Tanzania’s annual imports. So a drop in price of crude means the country can afford to buy more and reserve for future use. However no official report has been issued as to the government policy on the matter.

The issue that arises here is the matter of crude versus refined oil. Africa, Tanzania included, imports refined oil which is more costly than crude but with falling prices of crude then follows that  even the price of refined oil has taken a dive

As such, the country is …