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Business - Page 15

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Tanzania Ports Record Strong Growth in Cargo Handling

Tanzania’s port system has recorded significant growth in cargo handling, with Roll-on/Roll-off (RoRo) traffic, container volumes managed by DP World, and dry bulk cargo registering strong increases during the latest reporting period. The latest figures underscore Tanzania’s growing role as a regional
June 10, 2026
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Tanzania Suspends Crop Imports from Two Nations

The Tanzanian government has made the decision to suspend the importation of certain agricultural products from South Africa and Malawi, following what it says is a lack of reciprocity from the two countries in opening their markets to Tanzanian produce. Agriculture Minister
April 24, 2025
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African Nations Shift Capital Focus To Gold

A significant shift has occurred in the economic landscape of several African nations. As traditional avenues of financial support, particularly international aid from the United States and other Western nations, have begun to dwindle, many African leaders are turning their attention to
April 22, 2025
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China Launches Gold ATM That Melts and Pays Instantly

China has unveiled the world’s first gold ATM that can test, melt, and convert gold items into instant bank transfers  all in under an hour. These high-tech machines, recently showcased at the China Gold Congress in Shanghai, are drawing attention for their
April 22, 2025
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Gold Climbs to Record High of $3,500 Per Ounce

Gold prices have surged to a historic high of $3,500 an ounce, marking a major moment in the global financial landscape as investors increasingly turn to the precious metal in search of safety amid mounting economic and political uncertainty. The rally reflects
April 22, 2025
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IMF Reaches Preliminary Deal to Disburse $441 Million

The International Monetary Fund (IMF) has reached a preliminary agreement with the Tanzanian government that, once formally approved, will unlock approximately $441 million to support the country’s economy. This announcement follows the completion of the fifth review under the Extended Credit Facility
April 18, 2025
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Tanzania To Ban Agric Imports From South Africa,Malawi

Minister of Agriculture  Hussein Bashe has reaffirmed Tanzania’s decision to ban agricultural products from South Africa and Malawi starting next Wednesday, unless those countries lift their embargo on Tanzanian goods. During a meeting in Dodoma with stakeholders involved in the Building a
April 17, 2025
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Tariffs Force Shein and Temu to Raise Prices

Chinese-founded e-commerce giants Shein and Temu have announced they will soon raise prices for U.S. customers, citing the impact of new tariffs introduced under policies backed by  President Donald Trump. The changes come as part of a broader U.S. push to tighten
April 17, 2025
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