Browsing: Sub-Saharan Africa

Kenya long-term development blueprint, Vision 2030, seeks to transform Kenya into an industrializing, high middle-income country…

The country has for long been using drones to deliver blood to hospitals in the hilly nation.…

Many people have lost their jobs and means of sustenance while industrial production and wholesale-retail sales have plummeted in some sectors.…

So attractive is the sector in Africa that the UK has invested over £50 million into clean energy projects on the continent.…

With climate and environmental shocks continually threatening food supplies and locusts still ravaging crops in East Africa, the situation could get worse unless adequate and timely attention is given to it.…

There has been a rapid uptake of mobile technologies in the region with strong economic growth in the past 2 decades.…

With the evolution from cash to digital currencies, the fintech future for Africa looks bright…

For the socio-economic development of any nation, accessing clean water is utmost.…

Even as share values for US futures on crude oil prices hit rock bottom, spotting a worrisome negative figure (-4.0 USD) there are still several functions that claim the crush of oil prices in the US and around the World will have no effect on stock shares in Tanzania, the numbers are giving a different story. Lets start with the optimistic side.

As US futures for oil price continue to free fall some are of the view that it will have no effect on Tanzania’s sole bourse, the Dar es Salaam Stock Exchange (DSE). Why? Well, simple, most African countries, Tanzania included, are oil importers so, the fall of oil prices will mean positive balance of payments.

In turn, favourable balance of payment means good exchange rates of the shilling for the dollar, again another plus for the shilling. Good exchange rates translates to higher value of the shilling and …

Members of Parliament in Tanzania are urging the government to consider giving tax breaks to businesses in a bid to help them stay afloat.

Alternatively, the government is encouraged, through the Central Bank, to scrap interest on loans so that borrowers do not fall into default.

At the moment, despite the global slowdown, businesses are still operational but they are operating way below their year revenue projections. Already, at the start of the second quarter, the country is facing potentially huge loan defaults by both large corporations as well as small and medium sized companies.

Big businesses are now turning to the government to intervene. While the Central Bank, the Bank of Tanzania (BoT) has already issued a stimulus package for commercial banks, the Tanzania Private Sector Foundation (TPSF) is working on an arrangement to save large borrowers from mega defaults that would in effect ripple throughout the economy.

Commercial …