Business

Mobile Money On Rise In Tanzania Amid Poor Banking Sector

mobile money

Tanzania and many other countries in East Africa have high unbanked population and this has resulted with more people using mobile money. A new data reveals in 2016 about half of the mobile subscribers had a mobile money account. The telecom companies attempted luring people to use their services amid such situation that banking is like a dream for many. ...

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Tanzania Signs New Mining Law

mining law

Tanzania has come up with new mining law featuring the government to own 16 or more percent stake in the mining projects. President John Magufuli said amid protests from opposition the bills were passed by the parliament last week and he has signed it to make it a law that has increased royalties tax on gold and other minerals. He ...

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Tanzania Bans Unprocessed Food Crops Including Staple Food Maize

unprocessed food

After ban of gold and copper export Tanzanian has now stopped selling of unprocessed food crops outside the country. Prime Minister Kassim Majaliwa announced the ban on Monday amid celebration of Eid al-Fitr in Moshi Municipality. The measure has been taken to encourage investment in agro-processing industries and it will create employment too in Tanzania, said Majaliwa. PM added the ...

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Continued Violence In Central African Republic A Threat To Healthcare System

central african republic

Amid violence many displaced people of Central African Republic have started returning back to their homes, but the most worrying factor is threat of healthcare system in delivering medical aids to them. Launching a new health plan for the country, World Health Organization’s Africa director Matshidiso Rebecca Moeti said renewed fighting is sweeping the country and paralyzing the healthcare system ...

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Chinese Companies Touring Kenya To Learn Investment Opportunities

Kenya seems to be the latest hot spot for investment if consider the move of Chinese companies from Shenzhen Municipality. Representatives are on a business visit to capital Nairobi to discuss investment opportunities with local investors several sectors like trade, energy, finance and agriculture. Shenzhen is one of the most innovative cities in China. Vice Chairman of China Council for ...

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Mozambique Bans Zimbabwean Poultry Import As Measures Against Avian Flu Outbreak

Mozambique has temporarily banned import of all the birds and their derivatives from Zimbabwe following avian flu outbreak in the Zimbabwean province of Mashonaland East. The Zimbabwean authorities have destroyed about 715,500 chickens as a necessary measure. National Veterinary Directive (DINAV) of Mozambique announced the ban lately saying it covers domestic poultry, day old chicks, wild birds, hatching eggs, fresh ...

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Acacia Shares Dip 30% Following Ban On Gold, Copper Export

acacia

Acacia Mining shares dipped by 30 percent following the accuse from Tanzanian government the company had not fully declared all the minerals in its shipments. Formerly known as African Barrick Gold, the company however claims nothing has been in hiding and they pay all the appropriate royalties and taxes to the government on all the minerals they produce. Tanzania banned ...

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