Business

Kenya Launches Inter-Counties Madaraka Express From Nairobi

Kenya's Madaraka Express

Fares for traveling from Nairobi City to neighboring counties have become cheaper with the launch of inter-country train service Madaraka Express on Wednesday that will stop just at seven county stations. According to Railway Corporation the train service will stop at Athi River in Machakos County, Emali, Kibwezi, and Mtitl Andei in Makueni County, Voi in Taita Taveta, Miasenyi on ...

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Government Should Be Transparent While Making Contracts With MNCs In Mining

acacia mining

Finnish ambassador Pekka Hukka said the Tanzanian government need to be transparent in the mining sector while making contracts with multinational companies. Speaking on the sidelines of a tree planting event on Saturday and hailing President John Magufuli he added members of the public under such procedures will be made aware of their own resources. The ambassador mentioned, “It’s high ...

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Petra Diamonds Stops Operations At Williamson Mine In Tanzania

Petra Diamonds

Petra Diamonds temporarily has stopped its operations at the Williamson mine in Tanzania following seizure of a consignment of diamonds and question of its employees related to the wider investigation of the country’s mining industry. The effect of halting operations was seen largely on the company’s shares in London with a drop of 8 percent at 1318 GMT. However, this ...

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Digital Payment Making Utility Bill Firms Boost Revenues

Digital Payment

People in Tanzania are no longer standing in queue for about an hour to buy kilowatt-hours of energy for their homes. Thanks to Tigo Pesa, which is a local mobile app allowing customers to pay their utility bills through smartphone. It is fast, easy, efficient and saves time as well as money. Spending 10,000 Tanzanian shillings one can buy 28 ...

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Talks With Egypt Fruitful; Mega-Meat Processing Plant To Be Constructed: Magufuli

meat processing

Egypt will be investing in Tanzania and the primary project will be constructing a meat processing unit apart from education, health, defense, security and agriculture. Addressing to the press in Dar es Salaam jointly with Egyptian President El-Sisi, the Tanzanian President John Magufuli said the new mega-meat processing plant will bring big relief to the livestock keepers in the country ...

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No Import Of Maize Allowed In Zimbabwe: Government

zimbabwe

Zimbabwe is looking ahead to protect its farmers and this is the reason the country has announced a ban on grain imports following a devastating drought in 2016 that left over four million people in need of food aid. For years the country has been suffering from low grain production and the primary reasons are lack of financing, drought and ...

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South Africa Cuts Interest Rates To Adjust Inflation

south africa

Following a slight recession earlier this year South Africa has cut down the interest rates, though surprisingly, for the first time in five years. South African Reserve Bank has earlier been prioritizing to bring down the inflation rate that was 7 percent in 2016. South African economy is second largest after Nigeria in Africa. It is most developed, but in ...

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