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Browsing: Tanzania
In May, Tanzania took a bold but risky step by banning fishing on Lake Tanganyika for three months. In the…
Tanzania is using Sabasaba trade expo to foster the country’s industrial might. This year, over 180 foreign companies including some…
During the last quarter of 2022, the EAC hit an intra-trade value of $10.17 billion. This was a 20% proportion…
Coconut remains one of the most important and useful palms globally. The global coconut products market could reach $31.1 billion by 2026. This follows its increasing use in food, beverage, cosmetics, and other industries. There are opportunities in the global coconut industry for the African government and the private sector to explore and earn foreign exchange.
From ports to railways, Tanzania’s investment in infrastructure is on the rise post-pandemic. Tanzania is constructing a $1.9 billion railway…
Tanzania is laying the groundwork to launch its first satellite into space. The launch, which will enhance Tanzania’s tech industry,…
A recent meeting between the President of Zanzibar, Dr Hussein Ali Mwinyi and Qatar’s First Vice-Chairman, Mohamed bin Twar Al Kuwari highlighted these figures. The two high-ranking officials met in Qatar. The Zanzibar president called on investors from the rich United Arab Emirates to invest in the island.
Climate Change-related flooding saw large swathes of farmlands and settlement areas in Nigeria’s coastal Niger Delta flooded by December 2022.…
A rising number of informal women traders in border towns are resorting to corruption to survive. Corruption, harassment, and sexual…
The Monetary Policy Committee (MPC) which most recently held its ordinary meeting on 22nd May 2023 has approved the toughened stance. The MPC resolved that; “Given the domestic and global economic conditions, the Bank is to sustain the implementation of less accommodative monetary policy in May and June 2023,” in other words, Tanzanians should tighten their belts. Some more. This policy stance will ensure that inflation in Tanzania remains within the target of 5.4 percent in the remainder of 2022/23.”