In a data-driven analysis of Tanzania’s insurance sector, the surge witnessed in recent times can be dissected through the lens of specific initiatives championed by President Samia Suluhu’s administration. Gross Written Premiums (GWP) Growth The standout metric showcasing the industry’s robust health is the Gross Written Premiums (GWP). From TZS 911.5 billion in 2021, the...
President Samia Suluhu’s recent address at COP28 in Dubai has reverberated with urgency, underscoring the critical need for concrete action on climate change. This in-depth analysis delves into the nuances of her speech, examining the President’s dynamic tone, concerns, and the resounding call to unite, act, and deliver on the global stage. The Tanzanian leader’s...
EACOP (East African Crude Oil Pipeline) has successfully delivered 339 houses as part of its housing replacement initiative in Songakibaoni Village, Muheza, Tanga Region. Wendy Brown, the EACOP General Manager for Tanzania, highlighted the significance of this housing program in supporting households affected by land acquisition, emphasizing the collaboration with local contractors to empower communities...
Uganda is set to secure a $150 million loan from China’s Export Import Bank (Exim) to enhance its internet infrastructure, as revealed by the finance ministry on Monday. This move highlights Uganda’s growing dependence on Chinese lenders, following the World Bank’s suspension of new lending earlier this year in response to Uganda’s anti-homosexuality law. During...
In a recent turn of events, Ms. Pauline Philipo Gekul, former Deputy Minister for Constitution and Legal Affairs, has been granted bail after a session of questioning at Babati Police Station on Sunday evening. The Member of Parliament representing Babati Urban and the proprietor of Paleii Lake View Garden is entangled in serious accusations of...
In a swift and decisive move, President Samia Suluhu has officially sacked Deputy Minister for Justice and Constitutional Affairs, Pauline Gekul, following disturbing allegations of torture. The State House Press released a statement today, confirming the expulsion of Gekul from her position in the government. The decision comes in response to serious accusations made by...
Standard Chartered Bank Kenya Ltd. shrunk its holdings of the East African nation’s government securities by 52% at a time when the investments are drawing attractive returns. The huge decline came as a surprise as the lender even took a trading loss of 2.3 billion shillings ($15 million) on the investments, Sterling Capital said in...
In a notable development, the Tanzania Bureau of Standards (TBS) has recently granted 145 certificates and licenses to manufacturers who have met the stringent criteria for product quality between June and November this year. This recognition underscores the commitment of these producers to adhering to required standards, facilitating their access to both regional and global...
In a sweeping triumph, Tanzania’s Serengeti National Park has clinched the prestigious title of the Best African Safari Park and Destination for the fourth consecutive year, according to a comprehensive analysis by SafariBookings. The accolade was awarded after evaluating 2,494 park reviews from both safari enthusiasts worldwide and an international team of safari experts. The...
Extension officers across Tanzania have received a call to amplify their advisory services, marking a crucial step towards the government’s ambition to transform the nation into a food-sufficient powerhouse and Africa’s primary food basket. The appeal came from Professor Riziki Shemdoe, the Permanent Secretary in the Ministry of Livestock and Fisheries Development, during the 2023...