Business

Former President Benjamin Mkapa Urges Countries To Support China In Ivory Trade Ban

Elephant poaching is one of the biggest issues in Tanzania and ivory trade in Chinese market is wide. These have left protecting elephants. Former President Benjamin Mkapa urged the African countries to join China in its decision to ban ivory trade. China lately announced to be banning domestic ivory trade in phases and about 500 people marched yesterday in Dar ...

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Walnut Capital Founder, Family Marginally Escaped Plane Crash Visiting Tanzania

A Pittsburgh family has lately revealed to have been lucky and blessed to while visiting Tanzania on a sightseeing trip around the Serengeti National Park region. Walnut Capital Management founder Gregg Perelman, his wife Susie and three daughters survived a small airplane crash in the country on January 2, on a wet, clay runway. The Air Excel flight almost crashed ...

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Tanzanians Must Live Within Means To Avoid Hardships: Expert

The 2017 will be a challenging year for Tanzanians amid promises of growth and good living by President John Magufuli. Economists suggest people must live within their means and if failed navigating henceforth will be difficult as it was in 2016. Political scientists keep their views saying much of the hardships last year were caused by measures within the government ...

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Tanzania Cement Industry To Get More Investments For Increase In Production

The cement production in Tanzania to surely increase henceforth. Three companies have come forward with investment up to 20 trillion shillings in the segment and it is learned to double the installed capacity. Tanzania has a gross domestic product of $45 billion and has enough infrastructure projects in plan that would require more cement than the current production. The country ...

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Shilling To Remain Stable, Thanks To Cashew Nuts Export

Tanzanian Shilling is expected to remain stable against US dollar throughout December and until February 2017 and the credit goes to the export earnings of cashew nuts. The CRDB bank said cashew nuts exports is expected to hold the shilling stabilization as the currency would be supported by dollar inflows. According to Bank of Tanzania (BoT), the total export of ...

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South African Teenager Girls Making Satellite

A team of fourteen teenager girls in Africa are busy building up a satellite that will be launched in May 2017. It would be Africa’s first private satellite into space. The girls are from Cape Town in South Africa and are being trained by satellite engineers from Cape Peninsula University of Technology. If the satellite is successfully launched it would ...

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MPs Urge Government To Renegotiate On EPA With EU

The signing of Economic Partnership Agreement (EPA) between East African Community (EAC) and European Union (EU) is in the final stage and amid such situation the Members of Parliament (MPs) in Tanzania have urged the government to retreat as of now and re-negotiate. The negotiations between EAC and EU started in 2007 and in 2015 an agreement was finally reached. ...

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