In a data-driven analysis of Tanzania’s insurance sector, the surge witnessed in recent times can be dissected through the lens of specific initiatives championed by President Samia Suluhu’s administration. Gross Written Premiums (GWP) Growth The standout metric showcasing the industry’s robust health is the Gross Written Premiums (GWP). From TZS 911.5 billion in 2021, the...
President Samia Suluhu’s recent address at COP28 in Dubai has reverberated with urgency, underscoring the critical need for concrete action on climate change. This in-depth analysis delves into the nuances of her speech, examining the President’s dynamic tone, concerns, and the resounding call to unite, act, and deliver on the global stage. The Tanzanian leader’s...
In a strategic move, Tembo Gold Corporation has unveiled plans to undergo a significant rebranding, transitioning into Lake Victoria Gold Ltd, pending regulatory approvals. The decision stems from the company’s newfound position in the highly prospective Lake Victoria Greenstone Belt and recent acquisitions that have propelled it into a new phase of growth. The acquisition...
EACOP (East African Crude Oil Pipeline) has successfully delivered 339 houses as part of its housing replacement initiative in Songakibaoni Village, Muheza, Tanga Region. Wendy Brown, the EACOP General Manager for Tanzania, highlighted the significance of this housing program in supporting households affected by land acquisition, emphasizing the collaboration with local contractors to empower communities...
Uganda is set to secure a $150 million loan from China’s Export Import Bank (Exim) to enhance its internet infrastructure, as revealed by the finance ministry on Monday. This move highlights Uganda’s growing dependence on Chinese lenders, following the World Bank’s suspension of new lending earlier this year in response to Uganda’s anti-homosexuality law. During...
In a surprising turn of events, the Tanzanian Professional Boxing Regulatory Commission (TPBRC) has revoked the one-year suspension and one million Tanzanian Shillings fine imposed on boxer Hassan Mwakinyo. This decision comes just over a month since the initial penalty was announced on October 10, following Mwakinyo’s failure to step into the ring for his...
The Transport Regulatory Authority (LATRA) has unveiled changes to fare prices for both long and short-distance journeys following a comprehensive review of feedback from transport stakeholders across the country. As outlined by LATRA, the fare adjustments are as follows: For journeys covering a distance of less than 10 kilometers, where the previous fare was 500...
In a recent turn of events, Ms. Pauline Philipo Gekul, former Deputy Minister for Constitution and Legal Affairs, has been granted bail after a session of questioning at Babati Police Station on Sunday evening. The Member of Parliament representing Babati Urban and the proprietor of Paleii Lake View Garden is entangled in serious accusations of...
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...