Browsing: Tanzania

Blockchain Association of Africa (BAA), a South Africa based non-profit pan-African organisation, announced its strategic partnership with Afriplains Digital, Tanzania(AFD) and  Blockchain Worx, Singapore (BCW) to leverage synergies and further its efforts to equip the community and stakeholders in Africa with hands-on Blockchain education, acumen and tools to shape Africa’s future.

The partnership will focus on the common vision of driving technology evangelization, community outreach, capacity building and local talent building.

This will be targeted towards driving adoption, helping the implementation of this cutting-edge technology and bringing sustainable, unparalleled business-value to Africa. As a part of the alliance, the three parties will kick-off their collaboration by deploying Blockchain Worx’s Blockchain Innovation Centre across local chapters in South Africa, Uganda, Rwanda & Tanzania.

The Blockchain Innovation Centre is a digital centre of excellence, designed to explore possibilities, forge alliances and accelerate innovation within institutions and communities.…

The European Union (EU) has reiterated its commitment to continue supporting the government towards achieving its industrialization strategy and middle income status by 2025.

The European Union Charge d`Affaires to Tanzania, Charles Stuart made the remarks on Thursday in Dar es Salaam during the commemoration of the 69^th anniversary since the signing of the Schuman Declaration which marked the birth of the EU.

The occasion was also attended by heads of diplomatic mission in the country, government officials, representatives of Non-governmental organizations (NGOs) and civil society organizations.

He said that Tanzania and the EU have been partnering in ensuring high quality livelihood, peace, stability and unity, good governance, educated and learned society. He mentioned others as a competitive economy capable of producing sustainable growth and shared benefits. He said the above mentioned matters have been worked together since that partnership began.

` Our trade and economic relations are maturing …

South Korea has managed to maintain its first position on 2018 Bloomberg Innovation Index for the fifth consecutive year.

The 2018 Bloomberg Innovation Index results published on January 22, 2019 which compiles the index based on data from sources including the World Bank (WB), International Monetary Fund (IMF) and Organization for Economic Co-operation and Development (OECD), credits South Korea`s top ranking to Samsung. The electronics giant is South Korea`s most valuable company and has received more US patents than any company other than IBM since the start of the millennium.

This innovation trickles down the supply chain throughout South Korea`s economy. It was divided into seven assessment categories namely, research and development (R&D), manufacturing, Hi-tech density showing the number of domestic high-tech companies, tertiary efficiency showing the total enrollment in tertiary education, research personnel and activity showing resident patent filings, total patent grants and patents in force per million population.…

Tanzania`s vast geographical boundaries and mobile phone penetration among its demographics have attributed to a shift of many Tanzanians from traditional cash transactions to emerging mobile payment solutions.

Mobile solutions are being used to send money home, facilitate informal business transactions, pay bills, or buy pre-paid electricity. Notably, low-income people, especially in the rural areas, find value in remote digital payment solutions.

According to the second National Financial Inclusion Framework 2018-2022 (NFIF2), mobile payment solutions have contributed to an increasing number of adults in the formal financial systems, from 58 per cent in 2013 to 65 per cent in 2017.

The framework further asserts that the combined efforts between the government and the private sector are a main factor for the upsurge in financial inclusion.

The World Bank also maintains that the inclusion of people in the formal financial system will enable communities, especially businessmen to access financial services with …

Less than a fortnight after a thousand visitors from the Middle East toured Tanzania, the country has just received the first batch of expected 1,000 tourists from the Far East.

Landing at the Kilimanjaro International Airport (KIA) on Sunday 13^th May, 2019 evening, more than 350 tourists from China kicked off their itinerary by sampling Northern Zone attractions, including the Ngorongoro crater and Serengeti National Park.

They were received at the airport terminal by the Prime Minister, Kassim Majaliwa, who described the entourage as yet another indication that Tanzania is becoming a lucrative destination for visitors and investors from overseas.

The 10,000 visitors from China will be touring Tanzania through the `Tour Africa – New Horizon` program coordinated by Touch Road International Holding Group, which in addition to opening doors for tourists from the Far East, is hatching a new initiative where some visitors are going to identify potential …

China`s economic miracle is a combination of several factors, including globalization, openness and cooperation, a prominent Chinese national stated.

Speaking during a high-level business talk in Dar es Salaam, board member, deputy secretary and member of the party committee at Moutai Group, Wang Yan, said 40 years ago, China was poorer than most African countries at present.

The business talk, which was graced by former Prime Minister, Mizengo Pinda held in Dar es Salaam, was part of the `Cultural Moutai, Colourful Guizhou` – China Kweichow Moutai Belt and Road Branding Initiative in Tanzania.`

The business talks also coincided with the launch of Moutai liquor in Tanzania.

`Africa is still developing. China`s development miracle from being the poorest country in the world to today has showcased the profound power globalization, openness and cooperation have over people`s lives……I remember vividly that over 40 years ago, the income of these families was extremely …

Tanzania is on the right track in implementing the Africa Mining Vision (AMV)-a continental initiative aimed at seeing minerals drive development of endowed countries, it has been observed.

Speaking in Dar es Salaam on 9^th May, 2019 during the regional dialogue on `Enhancing National Ownership in the mining sector, the United Nations Development Program (UNDP) Resident Representative Natalie Boucly said that Tanzanian government has undertaken key reforms which are constituent with the AMV principles.

The Africa Mining Vision was adopted by Heads of State at the February 2009 AU summit following the October 2008 meeting of African Ministers responsible for Mineral Resources Development. It is Africa’s own response to tackling the paradox of great mineral wealth existing side by side with pervasive poverty.

Boucly said it was according to the overall findings of the Gap analysis study conducted by UNDP in collaboration with the Uongozi Institute to analyze AMV …

The Tanzanian shilling is expected to hold steady against the United States dollar in the second quarter of 2019 due to increased inflows of the greenback from tourism,  agriculture exports and demand from corporate to meet the 2018 dividend obligations.

The National Microfinance Bank (NMB) Market Digest said in its report that the second quarter will witness increase of inflows from tourism and agriculture thus bolstering the local unit.

The report stated that with traditional inflows mostly from tourism and agriculture expected to increase by June, the local unit is to hold steady with minimal volatility as the central bank continues its liquidity management efforts to preserve calm market conditions.

Further, according to the report, the local currency ended the quarter strongly after trading weaker during the first two months of the year to appreciate by 2.1 per cent. The quarter opened at Tshs.2,300 per dollar, traded to a high …

Sub-Saharan hospitality investment platform Kasada Capital Management has reached a first close on its maiden fund Kasada Hospitality Fund LP with equity commitments of over USD 500 million.

This is in line with a first announcement disclosed in July 2018 by Katara Hospitality and Accor who are respectively contributing USD 350 million and USD 150 million. In a region which offers robust growth opportunities, the fund will target both greenfield and brownfield projects.

The hospitality market is currently one of the most promising and yet underserviced sectors in Sub-Saharan Africa where growing economies and emerging middle class are creating high-growth markets that are left largely untapped.

The first platform of its kind in Sub-Saharan Africa, Kasada Capital Management intends to bridge the gap between the local hospitality market players and international investors.

The team is co-led by Olivier Granet (CEO and Managing Partner) a former CEO of AccorHotels Middle East …

DOB Equity, a leading Dutch family-backed impact investor in East Africa, has invested in Jibu Tanzania the producer and distributor of clean drinking water to support the company’s rapid growth of a replicable franchise store concept in major cities in the country, starting from Arusha.

Jibu is a well-established regional producer and distributor of water through branded and refillable bottles in different sizes, substantially below the current price of bottled water. Jibu complements the Tanzanian government by providing new ways of providing access to quality drinking water to households. The need is evident as unsafe water may lead to health problems and water-borne diseases which seriously affects the wellbeing of, especially young children.

The technology that Jibu uses consists of a patented reverse-osmosis water filtration system, using municipal water. The filtration systems also include bottle sanitizing equipment. The onsite treatment and filling technology allow Jibu franchisees to sell water significantly …