To ensure that SMEs in the mining sector benefit from the mining value chain, North Mara Gold Mine in Tanzania has announced that 15 local companies will graduate from its local business program. The program was launched last year November, 2021. Since then, four workshops and mentorships have already taken place purposely to build capacities...
Today, March 11, 2022, the Tanzania Revenue Authority (TRA) has asked businessmen conducting their businesses online to ensure that they are registered with the agency. TRA stated that the aim is to limit those who use such methods to evade paying tax. “We realize there are people who do not have shops and do not...
The 2022 Knight Frank Wealth Report released recently shows that dollar millionaires in Tanzania have grown with 45 more greenhorns. The 45 individuals join 2,554 other millionaires to make a total of 2,599 Tanzania millionaires. Compared to 2020, 2021 has witnessed a burst in the number of millionaires, giving hope to a better economy. According...
Cryptocurrencies are still gaining relevance with each coming day. Bitcoin, Ethereum and other blockchain members have been topics of discussion for so long, and now the newbie Non-fungible token (NFT) is by leaps and bounds taking over the popularity. NFT is a digital asset, a piece of art or video with a unique blockchain identification...
Salary explorer has released its statistics of the 10 highest paying African countries with two East African countries earning a seat at the feast. On number four is the East African country, Kenya where workers earn an average of Ksh 147,000 a month, approximately $1,291 and number 10 goes to Uganda with an average monthly...
The exchange rate means the value of a currency when converted to another during the trade. Our analysts painstakingly compared the currencies used across all fifty-four countries in Africa. This was done by converting 1000 in each of these currencies to the dollar. Now, before we go ahead and reveal the top ten strongest currencies...
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...