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From Misconduct to Liquidation: The troubled journey of Swala Tanzania Plc in the Oil and Gas Industry
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From Misconduct to Liquidation: The troubled journey of Swala Tanzania Plc in the Oil and Gas Industry

Tanzania’s large Oil & Gas company, Swala Tanzania Plc, has regretted announcing that it has started its liquidation process. Following the meeting of its creditors, who represent approximately 75% of its creditors, the meeting Mar 31, 2023, resolved that the Oil and Gas firm should be placed in liquidation. Swala Oil and Gas (Tanzania) plc...

The Future of Money: Why Understanding Cryptocurrency is Crucial for Youth
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The Future of Money: Why Understanding Cryptocurrency is Crucial for Youth

Cryptocurrency has become an increasingly popular topic in recent years, particularly among the youth. While some have embraced this new form of digital currency, others remain skeptical or hesitant to engage with it. However, young people must understand cryptocurrency and its potential impact on the economy and society. Firstly, cryptocurrency can potentially revolutionize how we...

Tanzanian aviation sector set for growth in 2023, as Swissport Tanzania predicts post-COVID recovery.
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Tanzanian aviation sector set for growth in 2023, as Swissport Tanzania predicts post-COVID recovery.

The aviation industry in Tanzania is set to experience a boost in flight frequencies and cargo volume in 2023, following an improved business environment over the past years, according to Swissport Tanzania’s latest outlook. The company’s CEO, Mrisho Yassin, said that the ground handling and cargo handling segments have fully recovered from the COVID-19 impact,...

MP calls for more transparency in leadership appointments through law amendment.
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MP calls for more transparency in leadership appointments through law amendment.

Special Seat Member of Parliament (CCM), Neema Lugangira has called for improvements to political parties and elections to clearly specify the selection of candidates within political parties in various leadership positions. She said this on April 25, 2023 while contributing to the estimates of revenue and expenditures of the Ministry of Constitution and Legal Affairs...

The Importance of De-Dolarization: Reasons and Implications for the Global Economy
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The Importance of De-Dolarization: Reasons and Implications for the Global Economy

De-dollarization is an increasingly important issue in the global economy, with a growing number of countries seeking to reduce their dependence on the US dollar. There are several reasons why de-dollarization is essential, including concerns about the stability of the US dollar, the desire to reduce dependence on the US economy, and the need to...

RTS,S: The Malaria Vaccine Tested in Ghana Brings Hope to Fight Against Deadly Disease
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RTS,S: The Malaria Vaccine Tested in Ghana Brings Hope to Fight Against Deadly Disease

In April 2021, Ghana began rolling out a new malaria vaccine known as RTS, S. This vaccine was developed by the pharmaceutical company GlaxoSmithKline and has been developing for over 30 years. The rollout of this vaccine is a significant milestone in the fight against malaria. This disease kills over 400,000 people annually, with most...

IMF World Economic Outlook: Mixed Growth Projections and Inflation Challenges for East African Economies
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IMF World Economic Outlook: Mixed Growth Projections and Inflation Challenges for East African Economies

According to the latest International Monetary Fund (IMF) World Economic Outlook report, East African economies are facing challenges in their growth projections. While Tanzania’s growth projection for 2023 remains unchanged at 5.2 percent, Kenya’s projection has been revised upward from 5.1 percent to 5.3 percent. However, the IMF has downgraded growth projections for Rwanda, Uganda,...