Business

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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Magufuli Urges Improving Economic Ties In Meeting With Kenya In Nairobi

Nairobi – President John Magufuli has taken the first step to improve ties with neighboring nation Kenya. On his visit to capital Nairobi he directed the Foreign Affairs minister to ensure the Kenya-Tanzania Joint Commission for Cooperation issues are met by the year-end. The same was also directed by Kenyan President Uhuru Kenyatta to improve relations betweet the two nations ...

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Magufuli’s Visit To Kenya May Improve Ties

Tanzanian President John Magufuli will be on a visit to Kenya on Monday and Nairobi is expected to roll out the red carpet to initiate resetting relations with Dar es Salaam. It is learned the top agenda of the meet would be trade relations between two neighbors. Lately ties between the two countries have been strained due to several high-profile ...

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Tanzania Offers Cheapest Data Cost In Africa: Report

A report by ICT Africa reveals Tanzania has the lowest mobile data cost in the continent. The #DataMustFall campaign has gained traction in Africa and rate for one gig in the country is at 0.89 US dollars. In South Africa it is high at 5.26 US dollars. The other markets with higher mobile data cost are Kenya, Egypt and Nigeria. ...

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