In a recent development, Uganda has made a significant decision to opt for Tanzania’s Dar es Salaam port as its primary hub for oil imports, a move that has generated considerable attention and discussion. This decision comes on the heels of a diplomatic disagreement between Uganda and Kenya, resulting in a fallout that prompted Uganda...
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...
Raff Military Textile, a prominent player in Turkey’s defence industry, has set its sights on expanding into the Tanzanian market, according to General Manager Eray Yükseloğlu. This strategic move was revealed during the Turkey-Tanzania Trade Delegation and B2B meetings hosted in Dar es Salaam, where business leaders from both nations converged. Yükseloğlu underscored the significance...
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...
Tanzania Petroleum Development Corporation (TPDC) has given the go-ahead to 20 companies to build Compressed Natural Gas (CNG) stations as part of a larger initiative to deliver cleaner and more affordable energy. TPDC’s Oil and Gas director Dr. Wellington Hudson disclosed this during a news conference here yesterday. He stated that some companies are entirely...
The number of internet subscribers in Tanzania has grown from 23.8 million recorded in 2018 to 31.1 million in 2022 according to the latest report by the Tanzania Communications Regulatory Authority (TCRA). According to the report, the annual internet subscription during the past five years has grown at an average growth rate of 17% per...
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...