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Business - Page 17

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Decoding Africa’s Interest in BRICS

The 16th annual BRICS Summit, hosted in Kazan, Russia, from October 22 to 24, highlighted a growing commitment to multilateralism under the theme “Strengthening Multilateralism for Just Global Development and Security.” Attended by leaders from 36 countries and UN Secretary-General António Guterres,
December 23, 2024
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India is the World’s Largest Importer of Russian Oil

India has solidified its position as the world’s largest importer of Russian crude oil, a trend that began following the geopolitical shifts caused by Russia’s invasion of Ukraine in February 2022. The South Asian nation, heavily reliant on imported crude for over
December 22, 2024
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Tanzanian Coffee Supplier Faces Allegations of Fraud

A Tanzanian coffee supplier is currently under scrutiny following allegations of fraud after failing to deliver coffee beans despite receiving a 101.5 million Tanzanian Shilling (approximately 43,750 US dollars) upfront payment from an international buyer. The payment was part of a larger
December 18, 2024
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Tanzania ,Ethiopia To Enhance Economic Cooperation

 Tanzania and Ethiopia have reaffirmed their commitment to strengthening economic cooperation for the sustainable development of their nations. This commitment was highlighted during the opening of the First Meeting of the Joint Ministerial Commission at the Senior Officials level, held in Addis
December 16, 2024
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U.S. Fraud Case Against Adani Heats Up

The legal battle surrounding Indian billionaire Gautam Adani continues to intensify, with new developments pointing to significant evidence supporting fraud accusations. However, experts believe that Adani, who remains in India, is unlikely to be extradited to the U.S. in the near future.
December 16, 2024
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Tanzania Disburses Sh20.8 Billion to Maize Farmers

The Tanzanian government has taken significant steps to reduce its debt to maize farmers, disbursing Sh20.8 billion across three major agricultural regions as part of efforts to settle outstanding payments. The initiative addresses a portion of the Sh52.4 billion owed to farmers
December 14, 2024
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Russia and India Ink Record $13 Billion Oil Deal

In a historic move, Russia and India have signed a $13 billion oil deal, marking the largest energy agreement ever between the two nations. The deal aims to secure India’s growing energy needs while providing Russia with a stable market amidst shifting
December 13, 2024
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Indonesia Pursues BRICS Membership to Boost Economic Goals

Indonesia has formally expressed its intention to join the BRICS group of emerging economies, a move aimed at advancing the domestic economic agenda of President Prabowo Subianto. The announcement marks the first major foreign policy initiative under Subianto’s administration Newly appointed Indonesian
December 10, 2024
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Tanzania Prepares for Commercial Macadamia Farming

Tanzania’s horticultural industry is making significant progress with the commercial cultivation of macadamia nuts, a crop that offers farmers a lucrative alternative and enhances the country’s agricultural exports. Dr. Jacqueline Mkindi, CEO of the Tanzania Horticultural Association (TAHA), announced that after more
December 9, 2024
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Rising Prices Cause Concern Ahead of Holidays

 The holiday season approaches, many consumers are facing higher prices for essential goods due to increased demand. Items such as meat and rice have seen notable price hikes. The cost of meat, for instance, has surged from 10,000 Tanzanian shillings to 12,000
December 5, 2024
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