Trade volume between Tanzania and the 27 member states of the European Union (EU) stood at 1,306 million Euros (about 3.265tri/-) during the year 2021, with the latter enjoying the lion’s share of trade and investment. Speaking in Dar es Salaam yesterday ahead of the EU-Tanzania Business Forum slated for February 23 and 24 this...
African leaders are calling for more excellent private sector investment and support to fully realise the continent’s potential in the global energy transition. According to the president of Tanzania, building regional power pools in East and Southern Africa can ensure energy security across the continent. Africa is rich in natural resources and has the potential...
Tanzania’s diamond exports hit a record of $63.1 million (Sh147.46 billion) in the 11 months to November 2022, the Bank of Tanzania has revealed, a very sharp rise from the $8.4 million (Sh19.63 billion) that was recorded in the year to November 2021. The rise was attributed to the country’s diamond producer Williamson Mines which is...
In a bold move towards economic unity, the East Africa Community (EAC) has announced plans to implement a single currency within the next four years, despite the pushback by a technical working group that the deadline should be moved to 2031. He also revealed that the Council of Ministers representing the EAC is expected to...
Online freelancing platforms such as Upwork, Fiverr, and Freelancer, where individuals can offer their skills and services to clients from around the world. Social media platforms like Instagram, TikTok, and YouTube, where individuals can build a following and earn money through sponsored posts, affiliate marketing, and creating and selling their own products. Online marketplaces like...
As global cocaine markets continue to expand, a new investigation suggests countries across east and southern Africa are receiving much larger drug shipments from South America than was previously believed. Drug market research in 16 countries has found both substantial local consumption and bulging transit flows to Europe and Australia, according to a Global Initiative...
Verification was designed to protect innocent consumers against fraudulent and fraudulent online activities. Tanzania Communications Regulatory Authority (TCRA) said over two million unverified Subscriber Identification Modules (Sim cards) could be misused for criminal offences. In collaboration with mobile network operators, the regulator is verifying Simcard registration by ensuring the subscribers’ fingerprints match those in the...
A few days after President Samia Suluhu lifted the ban on political rallies in Tanzania that her late predecessor placed in 2016, oppositional leaders around the country have praised the move, calling it the restoration of Tanzania’s democracy. Chadema’s oppositional leader and the former Tarime MP, John Heche, has praised President Samia’s historic decision and...
January can be a dark, miserable, and very long month after the festive fun of Christmas. Some of us may have eaten too much, drunk too much, or spent too much (and maybe all three)?! The start of the year can be pretty challenging sometimes. Many people experience financial hardships in January as many life...