In its recent release of the Africa Trade Barometer 2023 report, the Standard Bank Group presents a comprehensive analysis of trade dynamics across the African continent, drawing insights from the experiences of businesses in ten key economies. The report, a valuable resource for various stakeholders such as businesses, entrepreneurs, students, governments, NGOs, and investors, sheds...
In a swift and decisive move, President Samia Suluhu has officially sacked Deputy Minister for Justice and Constitutional Affairs, Pauline Gekul, following disturbing allegations of torture. The State House Press released a statement today, confirming the expulsion of Gekul from her position in the government. The decision comes in response to serious accusations made by...
Standard Chartered Bank Kenya Ltd. shrunk its holdings of the East African nation’s government securities by 52% at a time when the investments are drawing attractive returns. The huge decline came as a surprise as the lender even took a trading loss of 2.3 billion shillings ($15 million) on the investments, Sterling Capital said in...
Somalia has officially become the eighth member of the East African Community (EAC), marking a significant development in the regional trade bloc. The announcement was made during a summit in Tanzania by the outgoing EAC chair, Burundian President Evariste Ndayishimiye. The EAC, founded in 2000, is dedicated to promoting trade by eliminating customs duties among...
The Rural Energy Agency (REA) reported a surge in applications for loans to establish rural filling stations, but only a handful made the cut. Of the 176 applications received after closing the tender in August, only 26 were deemed fit to proceed to the next round after scrutinization. The REA, aiming to reduce risks associated...
In a notable development, the Tanzania Bureau of Standards (TBS) has recently granted 145 certificates and licenses to manufacturers who have met the stringent criteria for product quality between June and November this year. This recognition underscores the commitment of these producers to adhering to required standards, facilitating their access to both regional and global...
In a sweeping triumph, Tanzania’s Serengeti National Park has clinched the prestigious title of the Best African Safari Park and Destination for the fourth consecutive year, according to a comprehensive analysis by SafariBookings. The accolade was awarded after evaluating 2,494 park reviews from both safari enthusiasts worldwide and an international team of safari experts. The...
In a remarkable demonstration of Tanzania’s growing economic influence on the global stage, President Samia Suluhu recently attended the Saudi Arabia-Africa Summit in Riyadh. The summit, which attracted numerous African nations, provided a platform for fruitful discussions with directors of various Saudi Arabian companies across industries such as manufacturing, agriculture, mining, livestock, tourism, and energy....
In a remarkable turn of events, Tanzania’s National Food Reserve Agency (NFRA) has reported a substantial increase in food stocks, reaching an all-time high of 244,169.5 tonnes in the third quarter of 2023. This marks a significant surge from the 149,044.4 tonnes recorded during the same period in the previous year, as revealed in the...
Extension officers across Tanzania have received a call to amplify their advisory services, marking a crucial step towards the government’s ambition to transform the nation into a food-sufficient powerhouse and Africa’s primary food basket. The appeal came from Professor Riziki Shemdoe, the Permanent Secretary in the Ministry of Livestock and Fisheries Development, during the 2023...