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Retained Earnings Tax Sparks Heated National Debate

The Tanzanian government’s recent proposal to introduce a 10 percent withholding tax on retained earnings has ignited wide-ranging debate, drawing both support and skepticism from economic analysts, Members of Parliament, and the private sector. Announced as part of the 2025/2026 national budget,
June 19, 2025

East Africans To Shoulder Heavy Debt Repayments

The public debt crisis in East Africa is tightening its grip on national budgets, with fresh data showing that Kenya, Uganda, and Tanzania will collectively spend over Tsh60 trillion (approx. $23 billion) on debt servicing during the 2025/2026 financial year. This growing
June 19, 2025

Khamenei Warns U.S. Against Striking Iran

Tensions in the Middle East reached a boiling point this week after Iran’s Supreme Leader, Ayatollah Ali Khamenei, warned that any military aggression by the United States would provoke “serious, irreparable consequences.” The warning follows U.S. President Donald Trump‘s recent statement insisting
June 19, 2025

Tanzania Opens Talks With U.S. Over Travel Ban Fears

The Government of Tanzania has confirmed that it is actively engaging in diplomatic talks with the United States following reports that Tanzanian citizens may soon face travel restrictions to the U.S. if immigration concerns raised by Washington are not resolved. In a
June 19, 2025

Oil Prices Surge on Israel–Iran Crisis Escalation

Oil prices have surged sharply this week as geopolitical tensions in the Middle East continue to escalate. The ongoing hostilities between Israel and Iran have raised fears of a broader regional conflict that could endanger critical energy infrastructure and global oil supplies.
June 19, 2025

Israel Eliminates Iran’s New Military Commander

The Israel Defense Forces (IDF) have confirmed the targeted killing of Major General Ali Shadmani, who had just been appointed as head of the Khatam-al Anbiya Central Headquarters — the nerve center of Iran’s wartime command. Shadmani was appointed only two days
June 18, 2025

Trump Grants TikTok Third Ban Extension Deadline

Donald Trump has once again pushed back the U.S. government’s enforcement of a ban on TikTok, granting the Chinese-owned social media app another 90 days to finalize a sale to an American buyer. The extension, announced Tuesday, ensures that the platform will
June 18, 2025
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