Tanzanian businessman Mohammed “Mo” Dewji has been named East Africa’s wealthiest individual, with his net worth rising to $2.2 billion (£1.7 billion), according to Forbes’ 2025 list of Africa’s billionaires. The 49-year-old is the only person from the region to feature among the continent’s top 15 richest individuals and ranks 12th overall. Dewji also retains...
Author: Mkufi Dindai (Mkufi Dindai)
Tanzania sees surge in investment as FDI soars 77% in Q3 of 2024/25
Tanzania witnessed a significant surge in investment during the third quarter of the 2024/25 fiscal year, with registered projects totaling $2.16 billion between January and March 2025. This marks a 46.72% increase compared to the $1.47 billion recorded during the same period the previous fiscal year. The sharp rise was largely fueled by a boost...
Chikungunya outbreak confirmed in Mombasa
Mombasa County has declared a Chikungunya outbreak after 25 of 45 samples tested positive for the mosquito-borne virus, with one case of Dengue Fever also confirmed. Chikungunya causes severe joint, muscle, and body pain, leaving patients debilitated. It’s spread by the female Aedes mosquito, which bites during the day and can pass the virus to...
Billion-Dollar Feud: Musk vs. Trump puts SpaceX contracts at risk
A fiery clash between Elon Musk and Donald Trump has put $22 billion in SpaceX government contracts—and key U.S. space missions—in jeopardy. The conflict erupted after Musk criticized Trump’s tax and spending policies. Trump hit back with threats to cancel federal contracts with Musk’s companies. Musk responded by saying he would decommission SpaceX’s Dragon spacecraft,...
PM Majaliwa: Tanzania now more investor-friendly after addressing key challenges
Prime Minister Kassim Majaliwa has assured both local and international investors that Tanzania is now a more attractive destination for investment, following government reforms aimed at resolving challenges that investors previously faced. Speaking in Parliament today, Majaliwa made the statement while responding to a question from Ushetu MP Emmanuel Cherehani, who asked about the government’s...
Tanzania eases entry for tourists from 71 countries with new visa agreements
The Tanzanian government has signed agreements with multiple countries to simplify visa procedures, allowing citizens from approximately 71 nations to enter the country without a visa. This announcement was made on Wednesday by Deputy Minister for Natural Resources and Tourism, Dustan Kitandula, during a Parliamentary session in Dodoma. He stated that, moving forward, most international...
Kenya accused of aiding gold smuggling in East Africa – SwissAid Report
Kenya is playing a central role in the smuggling and resale of gold originating from conflict-affected regions in East and Central Africa, a new report by SwissAid claims. The report, released in late May, alleges that gold from South Sudan, the Democratic Republic of Congo (DRC), and Sudan is routinely trafficked through Kenya, with much...
EACOP reaches 60 percent completion
The East African Crude Oil Pipeline (EACOP) has reached 60% completion, marking a significant milestone for the ambitious project set to become the world’s longest heated crude oil pipeline. Stretching 1,443 kilometres from Hoima in Uganda to the port of Chongoleani in Tanga, Tanzania, the pipeline is a flagship infrastructure development for both countries. The...
Tanzania Investment Centre sets new record with 901 projects registered in 2024
The Tanzania Investment Centre (TIC) has recorded a historic milestone in 2024, registering 901 investment projects—the highest number since the centre’s establishment in 1997. This marks a 71% increase compared to the 526 projects recorded in 2023. The surge in investment activity is attributed to key reforms, including amendments to the Investment Act No. 10...
President Samia Honoured for Leadership and National Development
Tanzanian President Samia Suluhu Hassan has been awarded a special honour by the national Parliament in recognition of her leadership and contribution to the country’s development. The award was presented by Speaker of Parliament and Inter-Parliamentary Union (IPU) President, Dr Tulia Ackson, during a ceremony held at the Parliament grounds in Dodoma. Dr Ackson praised...