Tanzania is planning to launch its 5th oil and gas licensing round by the end of 2023 to revive interest in its exploration and production sector. The country has seen a decline in activity in recent years due to anti-private sector policies under the late President John Magufuli. However, since President Samia Hassan took office...
In the latest Container Port Performance Index released by the World Bank, ports in Dar es Salaam, Djibouti, and Berbera have surpassed Mombasa in terms of efficiency. The main port in Kenya, Mombasa, experienced a notable decline in its ranking, dropping to position 326 out of the 348 ports evaluated worldwide in 2022. This represents...
Sumitomo Mitsui Financial Group Inc., a Japanese bank, has stated that it is not providing financing for an oil pipeline project in East Africa, joining the ranks of financial institutions distancing themselves from the controversial venture. During a media briefing on Tuesday, Chief Sustainability Officer Masayuki Takanashi clarified the bank’s position, saying, “We are not...
Tanzania’s government has allocated an additional Sh195.65 billion towards its fertilizer subsidy program, bringing the total expenditure to Sh345.647 billion as of April 2023. The move was prompted by high demand from farmers. President Samia Suluhu Hassan first introduced the program in the 2022/23 season and aims to increase productivity and efficiency in the agricultural...
The personal Doctor of Bernard Membe’s family, Profesa Harun Nyagori, has clarified the cause of the veteran politician’s death, stating that he was not killed but died due to a sudden lung infection that caused blood clotting. According to the doctor, Membe’s death was attributed to an infection of the respiratory system. Profesa Harun Nyagori...
Tanzania’s foreign currency reserves have decreased from $5.581 billion in March 2022 to $5.012 billion in March 2023. This decline can be attributed to various factors, such as the ongoing war in Ukraine and the effects of the COVID-19 pandemic, which have significantly impacted global commodity prices. In addition, the country’s current account deficit has...
Leaders from the Southern African Development Community (SADC) came together on May 8, 2023, at an Extraordinary Organ Troika Summit (EO-OTS) in Windhoek, Namibia, to discuss the prevailing security situation in the Eastern Democratic Republic of Congo (DRC). Attendees included Heads of State and Government from Angola, DRC, Malawi, Namibia, South Africa, Tanzania, and Zambia....
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...
A pastor of a Kenyan church, Ezekiel Odero, has been arrested in Malindi over suspicions of deaths at his church. This comes as police widen their investigations following dozens of deaths linked to a cult leader, Paul Mackenzie Nthenge. The head of the New Life Prayer Centre and Church was arrested for allegations of the...
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,...