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...
Over the past decade Tanzania has been able to grow its Gross Domestic Product to nearly 7% annually. In 2020 alone, in the middle of COVID-19 the country’s GDP grew by 4.8% reaching 64.4 billion from 60.8 billion in 2019, making it one of the fastest growing African economies. Numerous reports including the Where to...
The government of Tanzania has entered into partnership with Kabanga Mining and expects to collect around Tsh 17 trillion from Nickel mining for the next 33 years. This Nickel project will run through Tembo Nickel Corporation, a joint venture company formed between the government of Tanzania and the United Kingdom’s Kabanga Mining which will invest...
The COVID-19 pandemic has greatly affected many economies around the world with millennials and ‘Gen Z’ mainly affected despite being exposed to technology advancement in essential areas for running a business/ company. Responding to the damage done by the virus, lockdowns were implemented in most countries with offices closed temporarily and some permanently, leaving many...
In the process of expanding and strengthening its presence in East Africa, Air France has launched its twice a week route from Tanzania to France, Zanzibar – Paris – Zanzibar with 1-stop in Nairobi, Kenya. The airline that’s part of KLM group was welcomed at Abeid Amani Karume International Airport (AAKIA) on October 19th ready...