Yanga football club has been fined a total of USD 35,000 (over TZS 82 million) by CAF for various infractions during their quarterfinal match against Rivers United from Nigeria. The match took place on April 30, 2023, at the Mkapa Stadium in Dar es Salaam, and Rivers United complained one day before the match after...
External Sector Performance The economy’s external sector was still affected by the lingering impacts of previous shocks, such as the Ukraine war and the Covid-19 pandemic, which greatly affected global commodity prices. This resulted in a significant increase in the current account deficit due to high import costs. The balance of payments also showed a...
Tanzania’s large Oil & Gas company, Swala Tanzania Plc, has regretted announcing that it has started its liquidation process. Following the meeting of its creditors, who represent approximately 75% of its creditors, the meeting Mar 31, 2023, resolved that the Oil and Gas firm should be placed in liquidation. Swala Oil and Gas (Tanzania) plc...
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,...
Mobile money services are growing faster than previously anticipated worldwide, particularly in Africa, according to the annual State of the Industry Report on Mobile Money 2023 by the GSMA, funded by the Bill and Melinda Gates Foundation. The report reveals that the adoption rates are even quicker than predicted, with registered mobile money accounts growing...
Tanzania has signed agreements with the African Development Bank, the French Development Agency, and the European Union for two development project loans worth $300 million. The funds will be used to finance the construction of the Kakono Hydropower Plant, an 87.8-megawatt plant in the Kagera region of Tanzania. The project aims to increase renewable generation...
De-dollarization is an increasingly important issue in the global economy, with a growing number of countries seeking to reduce their dependence on the US dollar. There are several reasons why de-dollarization is essential, including concerns about the stability of the US dollar, the desire to reduce dependence on the US economy, and the need to...
As individuals, we all have different life experiences and journeys, but specific skills could be valuable to learn before reaching the age of 30. These skills can help us navigate life’s challenges and prepare us for personal and professional growth. In this response, we will discuss ten essential skills one should learn before age 30....