28 September 2023 – On 21 September an incident occurred where approximately 100 intruders unlawfully invaded the mine property during heavy rainfall. Unarmed private security contractors responded in an attempt to repel the armed invaders but subsequently requested police intervention to remove the aggressive intruders from the mine site. Seven intruders were arrested and based...
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...
Kenya is on the verge of a groundbreaking development in its energy sector, with plans to commence the construction of its maiden nuclear power plant in 2027. This bold move aims to diversify the country’s energy sources, meet rising demand, and transition towards zero-carbon energy production. Justus Wabuyabo, the Acting CEO of the Nuclear Power...
The Public Procurement Regulatory Authority (PPRA) has outlined the transformative potential of Tanzania’s newly designed National e-Procurement System (NeST) for the country’s public procurement processes. NeST is an electronic system designed to facilitate various aspects of procurement, including e-registration, e-tendering, e-contract management, e-catalogue, and e-auction. Public procurement plays a pivotal role in Tanzania’s economy, contributing...
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...
Political party ACT Wazalendo finally, on September 4, 2023, released its stance on the issue of investment in Tanzanian ports by the United Arab Emirates-based company DP World. Since June of this year, this matter has been a subject of intense legal debates among politicians, activists, and scholars within and outside Tanzania. ACT Wazalendo conducted...
Tech giant Google is reaching out to Tanzania and 16 other African countries for participation in its ‘Google for Startups Accelerator: AI First’ initiative. This groundbreaking program aims to assist African startups in leveraging Artificial Intelligence (AI) to tackle local challenges. Among the 17 nations invited are Algeria, Botswana, Cameroon, Côte D’Ivoire, Egypt, Ethiopia, Ghana,...
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...
In June 2023, Tanzania’s balance of trade saw a shortfall of $4.86 billion, a notable contrast from the $3.398 billion deficit registered in the corresponding period of June 2022. The driving factor behind this discrepancy, as outlined in the Bank of Tanzania’s (BoT) Monthly Economic Review for June 2023, lies primarily in escalated import expenditures....
Tanzania’s real estate realm has exhibited a steady rebound from the hurdles posed by the pandemic, as demonstrated by a noteworthy uptick in the occupancy rates of commercial properties. This resurgence serves as a testament to the gradual recovery of businesses from the pandemic’s impact. In its most recent Financial Stability Report, freshly issued this...