Financial education is still needed and essential in the African community as many people tend to increase their expenses when they earn more instead of saving more. One rule to help you become financially stable is not to touch the excess money in your earnings but rather find a suitable way to put it away...
The Dar es Salaam Rapid Transit (Dart) Chief Executive Officer, Dr. Edwin Mhede, said Dart is set to construct inclusive road infrastructures for cyclists and pedestrians in all its Bus Rapid Transit (BRT) lanes. He added that the project, which will be supported by other stakeholders, including the UN-Habitat, will help reduce the effects of...
Tanzania’s Gross Domestic Product continues to climb a ladder, according to the Bank of Tanzania (BoT) data released recently showing the country’s economic performance for the quarter ending September 2021. The document shows regional and Per Capita GDP, with Tanzania’s business city Dar es Salaam topping both lists. Per Capita GDP is a “financial metric...
January is right around the clock with many still on their last-minute plan on how to spend their Christmas and New year. The gap between January to February feels like three months as these last-minute plans tend to cost many financially. In Africa, Christmas and new year are not holidays if they do not involve...
Food is one of the three basic needs of any human being. The quality, quantity, taste, serving style, and origin of the food are a few things people take into consideration when thinking about what they are going to eat next. For those who consider quality over quantity and who generally want to experiment with...
The U.S dollar has earned popularity around the world as one of the strongest currencies used in trading. One can ask themselves how the currency landed its popularity and what makes other currencies stronger or weaker than other currencies. Several criteria are taken into consideration to determine the currency’s value including interest rates, economic policies,...
Cryptocurrency is digital money not under the control of central authorities or third parties between the sender and receiver. Ethereum (ETH), Bitcoin Cash (BCH), Litecoin (LTC), Stellar (XLM), Polkadot (DOT), and Cardano (ADA) are some of the cryptocurrencies in the world market. Cryptocurrency traders have unique IDs they use to transact. The payer uses the ID...
Tanzania has adopted concrete poles for electricity distribution, leaving pine and eucalyptus tree farmers and stakeholders under pressure for the loss they might encounter as the wooden poles will be replaced with concrete ones. Most investors in eucalyptus production were solely aiming for TANESCO as their main customers not knowing there are other ways to...
From December 2021, fuel prices in Tanzania are expected to drop following as the government adapts an economical system of importing petroleum products. With the new system, the government will directly import the products from refineries owned by countries through Tanzania Petroleum Development Corporation (TPDC) rather than the current way of private companies importing the...
Tanzania Ministry of Agriculture to work closely with USAID to improve the agriculture sector through intensive agriculture research and utilize the role of agriculture extension officers. Minister of Agriculture, Prof. Adolf Mkenda met with Kate Somvongsiri, Mission Director for USAID Tanzania and discussed the ministry’s plan to improve agriculture production and ways for them to...