Browsing: President Samia Suluhu

Uber has closed down Tanzania operations even as President Samia Suluhu is in the United States on a trip that, according to Joe Biden administration officials, is focused on business and investments.

The Tanzanian president is meeting US Vice President Kamala Harris on Friday in Washington.

During the talks with VP Harris at the White House, Suluhu is expected to focus on commercial and economic partnerships and health issues among other matters.

Liquefied natural gas in Tanzania is expected to attract investments of US$40 billion at a time when the world is seeking to reduce dependence on Russian energy.

Since Tanzania is still conducting research on cryptocurrencies, rules to govern the sector will be issued after research on crypto is complete. Currently, Tanzania has no regulations for cryptocurrencies and those trading in the sector have been urged to be cautious.
However, there is no timeframe for when regulations will be issued.
In June, President Suluhu asked the country’s financial leaders to prepare for crypto and blockchain as the country drops its conservatism and flies its doors open to the new era of digital currency.

The late Magufuli is celebrated and mourned across the East African Community which has also joined hands with Tanzania to remember his legacy—which extended from his fight against corruption and the misuse of public resources to his diplomatic relations, forged across the landscape through several regional communities—where on numerous occasions he had declared that ‘we are unified as one’. 

Magufuli was a stern advocate of hard work for economic excellence. His voice on this matter was as strong as his willpower. Throughout his unfinished tenure, he had demonstrated how Tanzania can transform its natural wealth and utilize domestic tax collections to fuel development projects.