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Business - Page 12

Russian coal exports to South Korea hit three-year high

Russian coal exports to South Korea have surged to their highest level in three years, highlighting a significant shift in Seoul’s energy sourcing as it seeks to strengthen power supply security amid disruptions in global energy markets. South Korea imported approximately 12.5

August 24, 2026

Business·Tanzania·Technology & Innovation

Tanzania Advances Mineral Exploration With Helicopter Technology

The Tanzanian government is set to modernize its mining sector by acquiring a specialized helicopter equipped with advanced imaging technology. The initiative is aimed at enhancing geological surveys and reducing reliance on traditional, less accurate methods, which often involved guesswork and outdated

August 27, 2025

Business·World

India Defends Oil Trade Amid Western Criticism

India’s Foreign Minister, Subrahmanyam Jaishankar, has firmly dismissed Western allegations that New Delhi is profiting from discounted Russian crude oil, insisting that the country’s energy policies serve its national interest and are conducted transparently. Speaking at a policy forum in New Delhi,

August 26, 2025

Business·World

Algeria To Champion African Unity At Trade Fair

From September 4 to 10, Algiers will become the focal point of African trade by hosting the 4th edition of the Intra-African Trade Fair (IATF). This important event goes beyond a mere economic gathering; it represents Algeria’s unwavering commitment to continental integration,

August 25, 2025

Business·Tanzania

Tanzania Agricultural Development Bank Earns International Recognition

The Tanzania Agricultural Development Bank (TADB) has achieved another milestone in its journey toward strengthening the agricultural sector and boosting national economic growth, after earning international recognition in the 2024 assessment of Development Finance Institutions (DFIs) across Africa. In June 2024, TADB

August 18, 2025

Business·Opportunities·Tanzania

Tanzania Sets Sights on Becoming Mining Equipment Hub

Tanzania is stepping up efforts to transform itself into a key manufacturing and service centre for the mining sector across Sub-Saharan Africa. The government is working to attract new investments that will enable the local production of mining machinery and spare parts,

August 14, 2025

Business·Tanzania·World

ACRES Nano Organic Fertilizer Revolutionizes Farming Across Africa

ACRES a unique, nano organic fertilizer, is making waves in the agricultural sector across various African countries, significantly enhancing farm productivity and sustainability. The CEO of ACRES, Nana Obeng Mayaresa says “ACRES is one of the most impactful and cost-effective fertilizers on

August 7, 2025

Business·Technology & Innovation·World

Tanzania Embraces U.S. Green Lightning Technology For Farming

Tanzanian agricultural authorities are showing keen interest in green agricultural technology developed in the U.S which could significantly enhance the country’s efforts toward sustainable and efficient farming practices. This week in Dodoma, high-level meetings took place between representatives from the Tanzania Agricultural

August 7, 2025

Business·Tanzania

REA Launches Subsidized Stove Distribution Project

The Rural Energy Agency (REA) is implementing a TSh 9,400,799,626.70 project to distribute 200,000 improved cookstoves—commonly known as energy-efficient stoves—across Tanzania, subsidized at rates between 80% and 85%. This announcement was made on August 4, 2025, by the REA representative in Morogoro

August 5, 2025

Business·Tanzania

Tanzania’s Industrial Future: Market or Government Leadership?

Tanzania stands at a crossroads in its pursuit of industrialization. With ambitious projects like the Standard Gauge Railway (SGR) and the planned Bagamoyo Port, alongside a vibrant wave of youth-driven innovation, the nation’s journey toward becoming a middle-income economy by 2050 raises

August 4, 2025

Business·Tanzania

Ministry of Finance Introduces Digital Licensing System for Auctioneers

The Ministry of Finance has developed an Electronic Licensing System for Auctioneers and the Operation of Public Auctions, which enables citizens to apply for and obtain licenses electronically using mobile phones or laptops. This aims to eliminate the inconvenience and cost of

August 4, 2025

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