In a significant move, Saudi Arabia is poised to enter into agreements worth SR2 billion ($533 million) with various African countries. This announcement was made by the Kingdom’s Finance Minister, Mohammed Al-Jadaan, during the Saudi-Arab-African Economic Conference in Riyadh. These agreements will be facilitated through the Kingdom’s Fund for Development and will encompass a diverse...
The Tanzanian government recently disbursed $30 million (TZS 76.5 billion) to Winshear Gold Corp as part of an out-of-court settlement, resolving an investment dispute with the Canadian company. Winshear had initiated legal action at the International Centre for Settlement of Investment Disputes (ICSID), seeking approximately $100 million in damages resulting from the Tanzanian government’s cancellation...
On October 10, 2023, the renowned Jawaharlal Nehru University in India conferred an Honorary Doctorate (Doctorate Honoris Causa) upon the President of Tanzania, Samia Suluhu Hassan, making her the first woman to receive such an honour from the university. President Samia received this honorary doctorate almost a year after the University of Dar es Salaam...
President Samia Suluhu Hassan of Tanzania is set to engage in a bilateral dialogue with Prime Minister Narendra Modi in New Delhi today. This meeting will involve the exchange of Memoranda of Understanding (MoUs) covering various areas of collaboration between the two nations. President Samia Suluhu arrived in New Delhi yesterday for a four-day State...
In Tanzania’s vibrant streets and neighbourhoods, an increasing number of young people are pinning their hopes on striking it rich through virtual gambling. This aspiration has become more attainable than ever, thanks to the convenience of betting at one’s fingertips. In the palm of many Tanzanian hands, you’ll find a mobile phone device that makes...
In East Africa, the struggle with the scarcity and volatility of the dollar, high-interest rates, and limited access to credit deter potential investors. According to the “Report on the Ease of Doing Business in the East African Community (EAC) 2023” published by the East African Business Council (EABC), several factors are posing threats to businesses...
The government has unveiled plans to construct a fishing port in the Bagamoyo district as part of its strategy to bolster the blue economy. The President, Dr. Samia Suluhu Hassan made this announcement on September 19, 2023, as she laid the foundation stone for the fishing port project, which is estimated to cost TZS 266...
This week, the UK newspaper, The Globe and Mail, has published over 100 emails concerning Tanzania. These emails shed light on how Barrick Gold, through their subsidiary Acacia in Tanzania, made substantial payments to what is referred to as the National Task Force in Tanzania as security expenses, with the main recipient being the Inspector...
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...
The 13th Africa Food Systems Forum is currently underway in Dar es Salaam, Tanzania, from September 5, 2023, to September 8, 2023. This forum has brought together a diverse array of participants from the private sector and various governments worldwide. President Samia Suluhu began her speech by acknowledging the significance of the youth demographic in...