Browsing: President Samia

Tanzania stands to draw billions from construction and investment projects 

Business
  • President Samia has doubled down on business and investment in Tanzania
  • Tanzania has adopted a new tone towards foreign direct investment
  • Tanzania is striving to become the best tourism hotspot in Africa

As a lower-middle-income country, Tanzania is putting in a considerable amount of work to build itself towards attaining its industrial revolution objective.  

The industrial driven economy mission and energy inspired by the late President John Magufuli has spilt over to the incumbent presidency – under Samia Suluhu Hassan.  

Over the past six years, Tanzania has taken tremendous steps towards achieving its primary objectives, including upgrading its economic status, which was done swiftly and within time. 

With the entire globe faced with uncertainty propelled by the COVID-19 pandemic, Tanzania has remained relatively stable and accommodative to crucial sectors of the economy, such as banking by improving money supply and credit, information and communication, as well as agriculture. 

Despite inflation

…

President Samia’s seeks to make Tanzania, East Africa’s Energy leader

Tanzania

South Africa discovers huge offshore gas deposits, has everyone excited - The Exchange

Within her first two months in the executive office. With Uganda, President Samia Suluhu Hassan and counterpart Yoweri Museveni inked an oil deal with Total and China’s CNOOC to start the construction of a $3.5 billion pipeline to export Ugandan crude oil to international markets.

Right after that, President Samia went on to Kenya where together with her Kenyan counterpart President Uhuru Kenyatta, she signed a pact to start working on a gas pipeline from Dar es Salaam to Mombasa.

In their subsequent speeches, the two leaders said the gas deal is part of a long-term project to share energy resources. Rebuilding wary diplomatic ties, Tanzania’s President Samia made it clear that the two countries will build more interconnecting infrastructure including roads and rail and that the gas pipeline was but a starting point.

“The Memorandum of Understanding (MoU) on Cooperation in Natural Gas Transportation means the countries’ ministers …

Passing the torch: What next from Tanzania’s sixth president 

Tanzania

Tanzania is yet another country making a series of moves within the realms of the economy. At the moment the sixth President of Tanzania, Samia Suluhu Hassan is laying another foundation on top of the late John Magufuli presidency’s legacy, which was cut short before it took off for a major portion of its second term. 

Earlier in April Tanzania and Uganda managed to strike a victory on the crude oil pipeline project that had stalled. In effect, President Hassan managed to pass another crucial item left by Magufuli’s presidency forward. …

[elementor-template id="94265"]

…