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...
This comprehensive view provided by the DP World CEO underscores Tanzania’s emerging role as a gateway to African trade, highlighting the importance of infrastructure development and international collaboration in realizing this vision. This insight follows the recent 30-year concession agreement with the Tanzania Ports Authority for the Port of Dar es Salaam. Bin Sulayem highlighted...
Ethiopian Prime Minister Abiy Ahmed’s recent call for direct access to the Red Sea has sparked concerns about potential conflicts in the Horn of Africa. Ethiopia lost its direct sea access in 1993 when Eritrea gained independence. Abiy’s proposal aims to boost Ethiopia’s economy, strengthen its Navy, and enhance regional influence. Addressing party officials in...
The East African region is poised for an intense economic race, as projections suggest that Tanzania may overtake Kenya in terms of economic supremacy in the next 10 years. The International Monetary Fund (IMF) estimates that Tanzania’s economy, currently valued at $85.4 billion (Sh200 trillion), is expected to grow to $136 billion by 2028. In...
North Mara gold mine, Tanzania, September 29, 2023 – Barrick Gold Corporation (NYSE:GOLD) (TSX:ABX) and the Tanzanian government are demonstrating how mining can be an enormous force for good when miners and their host governments work together to create sustainable value for all stakeholders, says president and chief executive Mark Bristow. Speaking to media here...
The Muhimbili National Hospital has achieved a groundbreaking milestone by performing its first-ever thoracic surgery to remove a lung tumor using a single small incision, a procedure led by world-renowned Thoracic Surgery Specialist, Dr. Diego Gonzalez Rivas from Spain. This remarkable medical feat signifies a significant advancement in the field of thoracic surgery, and it...
In a groundbreaking revelation that has sent shockwaves through the global uranium industry, Majani Wambura, the Sustainability Manager at Mantra Tanzania, recently unveiled Tanzania’s pivotal role in the ever-expanding uranium market. In an exclusive interview with the Daily News, Wambura shed light on the nation’s extraordinary potential, fueled by a rich uranium deposit discovery dating...
In a recent announcement, the Tanzanian Ports Authority (TPA) has opened bidding for the construction of two key ports – Mgao Island in the Mtwara region and Mbegani in the Bagamoyo district, as well as the Tanga port. These bids come at a time when debates and discussions continue regarding the handover of all Tanzanian...
President Samia Suluhu Hassan has announced that the government has empowered its seed production centers to ensure that by 2025, three-quarters of the seeds used in the country are locally produced. She made this statement while responding to a question from a young attendee at the 2023 African Green Revolution Forum (AGRF) held at the...
In a bold statement made during a press conference to announce the resolutions of the Tanzania Centre for Democracy regarding the upcoming 2024 local government elections, Professor Ibrahim Lipumba, the current chairman of the organization, emphatically declared that Tanzanians no longer require a three-year education process for the drafting of a new constitution. This announcement...