Mobile money services are growing faster than previously anticipated worldwide, particularly in Africa, according to the annual State of the Industry Report on Mobile Money 2023 by the GSMA, funded by the Bill and Melinda Gates Foundation. The report reveals that the adoption rates are even quicker than predicted, with registered mobile money accounts growing...
Tanzania has signed agreements with the African Development Bank, the French Development Agency, and the European Union for two development project loans worth $300 million. The funds will be used to finance the construction of the Kakono Hydropower Plant, an 87.8-megawatt plant in the Kagera region of Tanzania. The project aims to increase renewable generation...
The construction of the East African Crude Oil Pipeline (EACOP) has been challenged in court by the Kampala-based Centre for Food and Adequate Living Rights and three other organizations. The 1,445-kilometre pipeline, which runs from Hoima in Uganda to Tanga in Tanzania, is being contested because it is environmentally unsound and violates the East African...
De-dollarization is an increasingly important issue in the global economy, with a growing number of countries seeking to reduce their dependence on the US dollar. There are several reasons why de-dollarization is essential, including concerns about the stability of the US dollar, the desire to reduce dependence on the US economy, and the need to...
In April 2021, Ghana began rolling out a new malaria vaccine known as RTS, S. This vaccine was developed by the pharmaceutical company GlaxoSmithKline and has been developing for over 30 years. The rollout of this vaccine is a significant milestone in the fight against malaria. This disease kills over 400,000 people annually, with most...
As individuals, we all have different life experiences and journeys, but specific skills could be valuable to learn before reaching the age of 30. These skills can help us navigate life’s challenges and prepare us for personal and professional growth. In this response, we will discuss ten essential skills one should learn before age 30....
Tanzania’s Headline Inflation Rate Falls Slightly to 4.7% in March 2023, National Bureau of Statistics Reports. The National Bureau of Statistics (NBS) has reported a slight fall in Tanzania’s annual headline inflation rate to 4.7% in March 2023, down from 4.8% in February 2023. The overall index, however, increased from 107.09 in March 2022 to...
According to the latest International Monetary Fund (IMF) World Economic Outlook report, East African economies are facing challenges in their growth projections. While Tanzania’s growth projection for 2023 remains unchanged at 5.2 percent, Kenya’s projection has been revised upward from 5.1 percent to 5.3 percent. However, the IMF has downgraded growth projections for Rwanda, Uganda,...
Tanzania has once again proven to be an attractive destination for investment, with the country receiving a total of $1.2 billion from 93 projects in the first three months of this year. This investment is expected to create over 16,400 job opportunities in the country. The Tanzania Investment Centre (TIC) reported that this investment represents...
Kenya’s Agriculture Minister Mithika Linturi and his Zambian counterpart Mtolo Phiri signed an MoU in March to herald a new era of large-scale farming of maize in Zambia for export to Nairobi, but concerns by the opposition over past treatment of locals raise fears about the deal. Kenyan representatives had first come to Lusaka looking...