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...
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...
In a historic moment, President Samia Suluhu of the United Republic of Tanzania addressed the BRICS summit on August 24, 2023, marking her as the first Tanzanian President to participate in such a platform. The summit, hosted by South Africa, the current chair of BRICS, has gathered the leaders of Brazil, Russia, India, China, and...
Landmark Decision Dismisses Legal Challenge Against Tanzania’s Port Investment Deal. In a significant legal ruling today, August 10, 2023, the High Court of the Mbeya region in Tanzania has dismissed a case that contested the implementation of an investment agreement between the government of the United Republic of Tanzania and DP World, a company based...
Adani Ports and Special Economic Zone Ltd (APSEZ), India’s largest commercial port operator, is on the verge of securing the rights to develop and manage cargo berths at the main port of Dar es Salaam in Tanzania. Reports suggest that billionaire Gautam Adani is emerging from the Hindenburg episode and making his first significant acquisition,...
Confederation of Tanzania Industries (CTI) and the Tanzania Trade Development Authority (TanTrade) have joined hands to announce the inaugural Tanzania International Manufacturers Expo 2023. The expo is scheduled to take place from October 4th to 6th, 2023, at the Diamond Jubilee Hall in Dar es Salaam. The event aims to bring together key players from...
According to the latest Monetary Policy Committee (MPC) Statement released by the Central Bank of Tanzania, Tanzania’s inflation is expected to remain low for the remainder of the year. This expectation is based on several factors. Firstly, there is an anticipated further decline in food and energy prices in the global market. The statement highlights...
China is reportedly taking over financing the East African Crude Oil Pipeline (EACOP) project as major lenders withdraw due to pressure from climate activists to abandon the project. The project, which involves the construction of a 1,443 km crude pipeline from western Uganda to the Indian Ocean coast of Tanzania, has faced delays due to...
Mobile money services are growing faster than previously anticipated worldwide, particularly in Africa, according to the annual State of the Industry Report on Mobile Money 2023 by the GSMA, funded by the Bill and Melinda Gates Foundation. The report reveals that the adoption rates are even quicker than predicted, with registered mobile money accounts growing...
Business Insider Africa presents the top 10 countries with the highest number of female representatives in government. This list is based on the data in the Inter-Parliamentary Union’s database, which shows that Rwanda is the most politically progressive country in the world. The Inter-Parliamentary Union (IPU) is a data platform for authoritative data on the...