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Business - Page 14

Digital Trade Rules Raise Concerns in Africa

African countries are increasingly expressing concern that emerging global rules on digital trade could restrict their ability to shape the future of their economies, as negotiations continue within the World Trade Organization (WTO). At the center of the debate is the long-standing

March 26, 2026

Business·Politics·Tanzania

Tanzania Moves to Standardize Payments in Shillings

The Tanzanian government has announced that businesses engaged in foreign currency transactions will need to revise their contracts and switch to using Tanzanian shillings for all local transactions. This change, which must be implemented within the next year, is part of the

April 5, 2025

Business·World

China Rejects Tech Deal Amid Trade Tensions

China has firmly rejected a proposal to sell one of its most prominent digital platforms to an American company. The decision comes in direct response to the latest round of tariffs introduced by U.S. President Donald Trump, a move that has rekindled

April 5, 2025

Business·World

Germany Moves Gold Home Amid Trade Concerns

Germany has quietly completed the transfer of hundreds of tonnes of gold from vaults in New York and Paris back to its own soil in Frankfurt years earlier than originally planned. While the decision dates back to 2013, it has taken on

April 5, 2025

Business·World

Uganda, Tanzania Strengthen Oil Ties With Refinery Deal

Uganda has taken a significant step in its oil and gas sector by finalizing an agreement to develop an oil refinery in Kabaale, Hoima District. The project, expected to have a capacity of 60,000 barrels per day, is set to enhance the

April 2, 2025

Business·Tanzania

Fuel Prices Increase Despite Falling Import Costs

Tanzanians will have to dig deeper into their pockets this month as fuel prices rise, despite a decrease in global import costs. The Energy and Water Utilities Regulatory Authority (EWURA) has released new fuel prices for April 2025, showing an increase in

April 2, 2025

Business·World

China, Japan, South Korea Strengthen Trade Amid Tariff Concerns

China, Japan, and South Korea have agreed to push forward negotiations on a free trade agreement (FTA). The decision comes as new trade restrictions loom from the United States, raising concerns about potential disruptions to global markets. Meeting in Seoul, trade officials

March 31, 2025

Business

China Prepares for Possible Trade War with U.S.

Chinese officials have warned that the country must be ready for a potential trade war with the United States as tensions between the two economic superpowers continue to rise. The statement follows a series of tariff increases and retaliatory measures that have

March 27, 2025

Business·World

Trade Statistics Between Ghana and Burkina Faso

Ghana and Burkina Faso maintain strong trade relations, with significant exchanges of various goods. This aligns with broader regional efforts to enhance trade connectivity within Africa, supporting the objectives of the African Continental Free Trade Area (AfCFTA). Recent Bilateral Trade Figures Ghana’s

March 11, 2025

Business·Tanzania

Government Invests in Cashew Farming to Boost Productivity

The government has allocated more than 8 billion Tanzanian shillings to the Cashew Board of Tanzania (CBT) to fund the “Better Tomorrow Construction” (BBT) program, aimed at improving cashew farming across the country. CBT Executive Director, Francis Alfred, explained that the funds

March 10, 2025

Business·Tanzania

Fuel Prices Rise, Drivers and Consumers Struggle

Fuel prices, particularly for petrol, diesel, and kerosene, have continued to rise, leaving millions of Tanzanians grappling with the economic impact. This ongoing increase is placing an additional financial burden on consumers, especially those relying on fuel for transportation, with rising import

March 5, 2025

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