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Business - Page 15

Kariakoo Market Springs Back to Life After Election Unrest

Normalcy has returned to the heart of Dar es Salaam’s bustling trade zone, Kariakoo Market, following days of disruption linked to post-election tension late last month. Traders and residents say the once-busy streets, which had temporarily fallen silent, are now alive again

November 13, 2025

Business·Tanzania

Dar es Salaam Roads Temporarily Closed for Energy Conference

Nine major roads in Dar es Salaam will be temporarily closed for six days, starting today, Saturday, 25 January 2025, to facilitate the arrival of dignitaries attending the Africa Energy Conference. During this period, motorcycles (bodabodas) and tricycles (bajajis) will be prohibited

January 26, 2025

Business·World

India-Russia Economic Partnership: Boosting Trade and Investment

India and Russia have maintained a robust relationship since the establishment of the Strategic Partnership Declaration in 2000. This partnership was further strengthened in 2010 when it was elevated to a Special and Privileged Strategic Partnership, reflecting the deepening ties between the

January 24, 2025

Business·Tanzania

Tanzania,Japan Commits To Support Domestic Farmers With 377BN Tsh

The United Republic of Tanzania and Japan have signed a 377 billion shillings agreement to finance the implementation of the Agriculture and Rural Development project. (Agriculture and Rural Development Two Step Loan) which is intended to directly benefit farmers through microloans. The

January 15, 2025

Business·Tanzania

BoT Purchases Over Sh400 Billion Worth of Gold

The Bank of Tanzania (BoT) has bought more than Sh400 billion worth of gold in the past three months, as part of a program designed to support local miners. From October to December 2024, the central bank acquired two tonnes of gold.

January 14, 2025

Business·Tanzania

Tanzania Gears Up to Boost Mining Sector Growth

The Tanzanian government is taking bold steps to strengthen its mining sector, focusing on resolving conflicts, supporting small-scale miners with technology, expanding areas with verified geological data, and rolling out a framework to maximize the potential of strategic minerals. Minister of Minerals

January 13, 2025

Business·Tanzania

Bank of Tanzania Introduces Climate Risk Reporting Guidelines

The Bank of Tanzania (BoT) has unveiled two new sets of guidelines requiring banks and financial institutions to incorporate sustainability and climate-related risks into their financial reporting. The rules, set to take effect in 2025, aim to enhance transparency in the financial

January 13, 2025

Business·Tanzania

Tanzania’s $42 Billion LNG Project Nears Agreement

Negotiations for Tanzania’s ambitious $42 billion liquefied natural gas (LNG) project in the Lindi Region are reportedly nearing completion, with both the government and international investors optimistic about finalizing an agreement early this year. The Tanzanian government has been in talks with

January 13, 2025

Business·Tanzania

Government Set to Overhaul TAZARA Railway

Deputy Minister of Transport, David Kihenzile, has announced plans to revamp the Tanzania-Zambia Railway Authority (TAZARA) line. This follows his visit to TAZARA headquarters, an assignment from Minister of Transport, Makame Mbarawa, to assess the railway’s efficiency and identify challenges for prompt

January 10, 2025

Business·World

Brazil’s Leadership Plans for BRICS in 2025

Brazil is set to take the chairmanship of BRICS in 2025, positioning the bloc for a pivotal moment on the global stage. Minister of Foreign Affairs Mauro Vieira has outlined plans for high-level ministerial and head-of-state meetings to enhance BRICS’ role in

January 9, 2025

Business·Tanzania

Tanzanian Farmers Celebrate Prosperous Year Amid Reforms

Tanzanian farmers experienced remarkable financial success in 2024, as higher crop production and favorable market prices boosted their incomes significantly. This impressive performance stemmed from a combination of increased global demand, favorable policies, and technological advancements in agricultural trading. President Samia Suluhu

January 6, 2025

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