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Business - Page 16

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Top 10 African Countries with the Highest Debt

African countries continue to grapple with significant debt burdens owed to the International Monetary Fund (IMF). According to data from the fourth quarter of 2024, ten countries stand out as having the largest debts, with Egypt leading the list. Egypt tops the
January 5, 2025
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Minister Orders Action Against Tobacco Cartels

Minister of Agriculture, Hussein Bashe, issued directives on December 29, 2024, aimed at addressing the ongoing issue of tobacco cartels. His instructions include measures to ensure the return of tobacco sacks worth over 1.4 billion Tanzanian Shillings to farmers. These sacks were
December 30, 2024
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Bodaboda Drivers Receive Training In Arusha

Entrepreneurial youth engaged in passenger transport using motorcycles, commonly known as Bodaboda, gathered at the Arusha International Conference Centre (AICC) for a special general meeting aimed at providing education on cooperatives, interest-free loans, and road safety awareness. During the event, these young
December 27, 2024
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India Considers Income Tax Cuts To Boost Consumption.

India according officials in government, is looking to cut income tax for individuals earning up to 1.5 million rupees (about $17,590) in its upcoming February budget. This decision aims to provide relief to the middle class and stimulate consumption as the economy
December 27, 2024
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Tanzania’s Industrial Growth Hits 5.5% in Q3 2024

Tanzania’s industrial sector recorded a growth rate of 5.5% in the third quarter of 2024, driven by strong performances in manufacturing, particularly in industries such as beverages, tobacco, and non-metallic minerals. However, sectors like mining, textiles, and utilities lagged, showing minimal to
December 26, 2024
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Tanzania’s Tax Reforms Aim for Inclusive Growth

Tanzania is embarking on an ambitious journey to reform its tax system, aiming to drive inclusive economic growth and reduce income inequality. The government, under President Samia Suluhu Hassan, has outlined several measures to expand the tax base, enhance compliance, and promote
December 26, 2024
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Tanzanians Celebrate Christmas Amid Rising Food Prices

Tanzanians are celebrating Christmas today as the annual event comes amidst significant increases in food prices, forcing many to dig deeper into their pockets. Citizens are bracing for even higher costs, with essential goods showing no signs of returning to previous prices
December 25, 2024
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