DP World, under the leadership of CEO Sultan Ahmed bin Sulayem, has undergone a remarkable transformation into a comprehensive supply chain player, investing over $6 billion in this strategic evolution. Bin Sulayem discussed this journey during a session titled ‘Trade in a Changing World’ at the 21st Arab Media Forum in Dubai, moderated by Egyptian...
Today marks a momentous occasion for Tanzania’s investment sector and industrial development. The persistent efforts to attract investors to the industrial sector have borne fruit, as numerous industrial ventures have flourished within the nation. In the coastal region of Pwani, statistics reveal the presence of at least 1,525 industrial establishments of varying significance. Moreover, as...
There have been eight governments overthrown in Francophone Africa countries in the last three years. A group of former colonies, with a previous reputation for military takeovers, have lapsed once once more in the repeated coups. The addition of Gabon to the list of recidivists will alarm long-term holdouts like Cameroon’s Paul Biya part of...
In a notable economic shift, Tanzania witnessed a surge in its exports of goods and services, with figures reaching $12.76 billion in June 2023—a substantial leap from the $11.004 billion reported during the same timeframe in the previous year. This remarkable expansion can be attributed to the nation’s non-traditional exports, as highlighted in the Bank...
The famous English Merriam-Webster dictionary defines treason as the offense of attempting by overt acts to overthrow the government of the state to which the offender owes allegiance or to kill or personally injure the sovereign or the sovereign’s family. Treason is ranked as one of the most serious offenses against a constitutionally established authority...
Noble Helium Limited is in the final stages of preparations to commence helium gas extraction at the North Rukwa project in Tanzania in the second half of September, as planned, following the rig’s departure from the UK. The Marriot Drillmec HH102 #16, originating from the UK, was loaded onto the MV Bohwa Tsingtao ship, which...
Confederation of Tanzania Industries (CTI) and the Tanzania Trade Development Authority (TanTrade) have joined hands to announce the inaugural Tanzania International Manufacturers Expo 2023. The expo is scheduled to take place from October 4th to 6th, 2023, at the Diamond Jubilee Hall in Dar es Salaam. The event aims to bring together key players from...
China is reportedly taking over financing the East African Crude Oil Pipeline (EACOP) project as major lenders withdraw due to pressure from climate activists to abandon the project. The project, which involves the construction of a 1,443 km crude pipeline from western Uganda to the Indian Ocean coast of Tanzania, has faced delays due to...
External Sector Performance The economy’s external sector was still affected by the lingering impacts of previous shocks, such as the Ukraine war and the Covid-19 pandemic, which greatly affected global commodity prices. This resulted in a significant increase in the current account deficit due to high import costs. The balance of payments also showed a...
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...