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Browsing: Tanzania
- Ban places Air Tanzania among 129 airlines barred from EU skies due to non-compliance with international safety standards.
- The European Union Aviation Safety Agency (EASA) identified safety deficiencies as the basis for the ban.
- These concerns also prevented Air Tanzania from securing a Third Country Operator (TCO) authorization, a critical certification required for non-EU airlines to operate within the zone.
Air Tanzania has suffered a huge setback following its inclusion in the European Union’s Air Safety List, effectively banning it from operating flights to and within EU member states. This decision, announced after a review by EU aviation safety experts in Brussels on November 19-21, signals a major reputational and operational blow to Tanzania’s flag carrier.
The ban places Air Tanzania among 129 airlines barred from EU skies due to non-compliance with international safety standards, as outlined by the International Civil Aviation Organization (ICAO).
Commissioner for Sustainable Transport and Tourism, …
- Tanzania has food surplus and is now exporting to neighbours.
- This raises hope that the fight against hunger and malnutrition on the continent is achievable.
- AfDB is now calling for the implementation of Dakar 2 Food Summit commitments.
Tanzania has been recognized for its steady steps to achieve food self-sufficiency attributable to its expanding agricultural industry.
“Tanzania is setting new benchmarks in food self-sufficiency across Africa, raising hope that the fight against hunger and malnutrition on the continent is achievable,” notes the African Development Bank (AfDB) President, Dr. Akinwumi Adesina.
Dr. Adesina made this observation during a high-level session at the World Food Prize Norman E. Borlaug International Dialogue in Iowa, US where he was moderating the talks. He lauded Tanzania President Samia Suluhu Hassan after she announced that her country had reached 128 per cent food security and is now exporting surplus to neighbouring countries.
Speaking during a session …
- AfDB slaps 12-month sanctions on China Railway Construction Engineering Group over scandal involving Tanzania’s Msalato International Airport Project.
- The hit stems from findings by AfDB, which uncovered fraud in the company’s bid for phase one of the airport project.
- However, the firm remains eligible to participate in AfDB-funded projects during the penalty period provided it adheres to strict compliance measures.
The African Development Bank Group (AfDB) has placed China Railway Construction Engineering Group under a 12-month conditional non-debarment following a fraud investigation linked to Tanzania’s Msalato International Airport Project.
This decision, effective from November 7, 2024, stems from findings by AfDB’s Office of Integrity and Anti-Corruption, which uncovered fraudulent practices in the company’s bid for phase one of the project.
The investigation revealed that the Chinese company failed to provide accurate information about its experience during the bidding process, a breach it admitted constituted fraudulent activity.
Despite the sanction, China …
- With Acumen’s boost, d.light will speed up operations in Uganda, where about 2M people will access electricity for the first time.
- By selling customer receivables to Brighter Life by d.light (BLd) upfront, d.light subsidiaries now have immediate cash flow, enabling them to scale at speed.
- This funding model not only supports financial sustainability but also mitigates currency risks by conducting transactions in local currencies.
For solar-power equipment provider d.light, the journey to lighting homes across East Africa with reliable green energy is fast gaining momentum.
In the latest move, d.light has received a $5 million investment from Acumen’s Hardest-to-Reach (H2R) initiative. This funding is poised to enhance d.light’s presence in Uganda, Kenya and Tanzania.
Acumen’s investment in d.light’s multi-country receivables financing facility, Brighter Life by d.light (BLd), aims to expand energy access for underserved communities in East Africa, creating a huge impact on millions of lives.
Acumen’s H2R is a …
- African countries lag in terms of clean water and sanitation for all investments.
- The World Bank warns that failure to achieve SDG 6 will affect the achievement of most other goals.
- Tanzania was recognized for achievements of the Water Sector Development Program (WSDP) phase three.
Africa is not on track to achieve Sustainable Development Goal Six (SDG 6), which advocates Clean Water and Sanitation for all, yet its achievement would lead to the realization of multiple Sustainable Development Goals (SDGs).
The assertion was made by the African Development Bank Group, Dr. Akinwumi Adesina who noted that failure to achieve SDG 6 will significantly impact the elimination of poverty (SDG 1), zero hunger (SDG 2), good health and well-being (SDG 3), gender equality (SDG 5), clean energy (SDG 7) and decent work and economic growth (SDG 8) as well.
He said that while there are strong relationships between water security and …
- AMSONS Group granted regulatory go ahead to acquire Bamburi cement.
- The family-owned business has partnered with KCB Investment Bank as its transaction adviser.
- Amson made its initial offer when Bamburi Cement’s shares were trading at Sh45, but the stock has since risen, trading at Sh66 on Thursday afternoon.
Tanzanian business conglomerate AMSONS Group has received regulatory approval from the COMESA Competition Commission for its proposed acquisition of up to 100 per cent of Bamburi Cement.
The move coming at a time that Kenya’s Savannah Clinker Limited has already raised its bid for the acquisition of Bamburi Cement, even though its offer already exceeds Tanzania Amsoms’ competing offer.
In a statement, the COMESA Competition Commission confirmed that the proposed acquisition falls within its ambit and does not pose a competition risk within the common market.
“It is unlikely that the proposed merger will lead to the creation of a dominant position …
- Enza Zaden’s global subsidiaries hit 26 with a new venture in Tanzania.
- The seed company is a welcome boost to Tanzania’s horticulture sector whose exports clocked 175,000 tonnes in 2024 alone.
- Tanzania horticulture is projected to grow at an annual rate of 11 per cent.
Enza Zaden, the Netherlands’ major seed grower, has announced the expansion of its venture in Tanzania, boasting 16,000 square meters of international vegetable breeding grounds and state-of-the-art facilities. The firm’s Chief Executive Officer made the announcement at the launch of Enza Zaden, Tanzania, in the country’s horticulture seat, Arusha City.
“Today, we operate in 26 countries, employing over 3,000 people, of these, at least 1,000 are involved in research projects working to develop new vegetable varieties,” he announced.
Several dignitaries graced the launch event, including Ambassador Wiebe de Boer, envoy of the Kingdom of the Netherlands in Tanzania. The diplomat praised Enza Zaden’s choice to …
- Graphite mining firm Pula Group sues South African billionaire Patrice Motsepe for $195M.
- Motsepe’s ARM mining faces breach of non-complete contract by investing in Australian firm Evolution Energy Minerals near Pula’s graphite project.
- ARM denies all claims, maintaining that they ‘considered’ but did not breach contract.
South African billionaire Patrice Motsepe is facing a $195 million lawsuit in Tanzania following allegations of a breach of contract by his mining companies in the East African country. The high profile case is being heard in Tanzania’s Commercial Court and is one of the biggest suits before the corridors of justice in recent years.
Patrice Motsepe owns a number of mining heavyweights including African Rainbow Minerals (ARM), African Rainbow Capital and ARCH Emerging Markets. He also has shares in Tanzanian mining company Pula Group.
In the roiling legal showdown, Pula Group is accusing billionaire Motsepe of breaching a 2021 non-compete contract by …
- Russia and Tanzania are holding trade talks aiming at revamping commercial ties between the two nations.
- At the moment, Russia projects at doubling trade with Tanzania.
- Russia to use Tanzania as a single port of entry to access the African market.
Russia has pledged to double current trade value with Tanzania as authorities from the two countries met in Dar es Salaam Tanzania. The pledge was made at the first Russian-Tanzanian Intergovernmental Commission on Trade and Economic Cooperation at the start of the week in Tanzania’s commercial port city where the meeting is being held.
Russian Economic Development Minister Maxim Reshetnikov visited the country along with a delegation of Russian businessmen representing more than 50 Russian companies.
“Based on our estimates, trade between our countries could double,” Mr. Reshetnikov said. “We stand ready to help the Tanzanian economy maintain the high pace that has achieved in the energy, agriculture, infrastructure …
- Tanzania cashew nut prices triple.
- The country plans to export processed cashew nuts by 2027.
- Over 1500 acres set for a cashew nut industrial park.
Tanzania is planning to move from the export of raw cashew nuts to processing in-country and export added value exports of the product. Notably, the Tanzania Mercantile Exchange (TMX) has reported that the East African country’s cashew nut prices have more than tripled, growing from several cents per kilogram last harvest to over two dollars this season.
“This is the first time prices have increased to such record high. We welcome this development as the auctions continue,” notes Sharifu Linjenje, a cashew farmer from Newala District in the Mtwara region.
The farmer was one of many others who told local media that should the high price be sustained, then it will make a difference in the farmers’ lives. Market prices of raw cashew nuts have …