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Business - Page 12

Oil Prices Surge as Middle East Tensions Escalate

Global oil prices climbed sharply on Tuesday, with Brent crude rising about 1.8% to approximately $111 a barrel, approaching five-month highs, as growing security threats in the Middle East heightened concerns over disruptions to global energy supplies. US benchmark West Texas Intermediate
October 20, 2026

Dangote Deepens Dispute With Nigeria Fuel Regulators

Nigeria’s billionaire industrialist Aliko Dangote has sharpened his criticism of petroleum regulators, accusing them of allowing cheap fuel imports that he says threaten local refining, jobs and the country’s energy future. Speaking at his massive oil refinery near Lagos, Dangote warned that
December 16, 2025

Mining Firm Highlights Commitment To Safer Tailings Systems

A leading gold producer operating in Tanzania has underscored its commitment to maintaining safe and environmentally responsible Tailings Storage Facilities (TSFs), saying strong waste-management systems are essential to protecting workers and communities living around mining areas. The company emphasized that its facilities
November 21, 2025

Zanzibar Ports Reduce Food Import Fees by 80 Percent

The Zanzibar Ports Corporation (ZPC) has announced an 80 percent reduction in import levies for all food items entering the islands from mainland Tanzania. The policy, effective from November 10 to November 24, 2025, covers ports across Unguja and Pemba, including Malindi,
November 10, 2025

EWURA Sets New Petrol, Diesel Price Limits

Tanzania’s Energy and Water Utilities Regulatory Authority (EWURA) has announced new retail price limits for petrol and diesel across mainland Tanzania, effective November 5, 2025. The move comes as authorities seek to stabilize fuel costs and ensure transparency in the petroleum sector.
November 5, 2025

Gold Exports Boost Tanzania’s Economic Prospects

Tanzania’s gold industry has reclaimed its position as the country’s top export earner, surpassing $4 billion for the first time in years. The surge is fueled by record-high global prices and rising investor demand for safe-haven assets. According to the Bank of
October 7, 2025
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