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...
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...
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,...
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...
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...
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...
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,...
Kenya’s Agriculture Minister Mithika Linturi and his Zambian counterpart Mtolo Phiri signed an MoU in March to herald a new era of large-scale farming of maize in Zambia for export to Nairobi, but concerns by the opposition over past treatment of locals raise fears about the deal. Kenyan representatives had first come to Lusaka looking...
From around 2019, Mr. Didier Mlawa, a Tanzanian national, gained notoriety and a big online following in the country for his Twitter protest of undemocratic tendencies of the previous regime. His online activism under the name Kigogo2014 made him enemies in high places. Sooner, he fled the country and gained asylum in the UK. He...
The US Vice President Kamala Harris’ visit is expected to create further business and investment avenues for Tanzania. The VP is coming at a time when data shows that Tanzania’s exports to the US increased by 67.5 percent to 164 million US dollars last year, and from 97.9 million US dollars in the previous year,...