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Business - Page 18

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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
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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
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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
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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
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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
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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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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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