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Business - Page 18

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

Business·Tanzania

Government Invests in Cashew Farming to Boost Productivity

The government has allocated more than 8 billion Tanzanian shillings to the Cashew Board of Tanzania (CBT) to fund the “Better Tomorrow Construction” (BBT) program, aimed at improving cashew farming across the country. CBT Executive Director, Francis Alfred, explained that the funds

March 10, 2025

Business·Tanzania

Fuel Prices Rise, Drivers and Consumers Struggle

Fuel prices, particularly for petrol, diesel, and kerosene, have continued to rise, leaving millions of Tanzanians grappling with the economic impact. This ongoing increase is placing an additional financial burden on consumers, especially those relying on fuel for transportation, with rising import

March 5, 2025

Business·World

Prateek Suri Pledges Billions to Africa’s Development

Billionaire entrepreneur Prateek Suri, Africa’s wealthiest Indian businessman, has announced a major philanthropic initiative, committing a significant portion of his fortune to improving education, healthcare, and child welfare across Africa. His pledge, one of the largest individual donations in recent history, aims

March 3, 2025

Business·Politics·World

Zelensky Chose War Over Signing The Mineral Deal

Ukrainian President VoloZelensky left the White House early Friday, forgoing a planned news conference. Zelensky has earlier agreed to sign the mineral deal that was going to bring the war to end. Unfortunately things got get heated up with President Trump and

February 28, 2025

Business·Tanzania

Kariakoo Boosts Security as 24-Hour Trading Takes Off

As Kariakoo transitions into a 24-hour business hub, efforts to strengthen security and improve infrastructure are gaining momentum. Authorities are moving forward with key initiatives, including the installation of surveillance cameras and improved street lighting, to support traders and shoppers in the

February 28, 2025

Business·World

Alabuga Start Provides Career Training For Gen-Z Girls In Tanzania

The Alabuga Start program is thrilled to offer an exciting opportunity for young women aged 18 to 22 who are eager to take the next step in their careers. This initiative invites ambitious females to relocate to Russia for a one-of-a-kind work

February 27, 2025

Business·Tanzania

Bank of Tanzania Expands Gold Reserves to Strengthen Economy

The Bank of Tanzania (BoT) is ramping up efforts to increase its gold reserves, aiming to reach six tonnes annually. With over two tonnes already secured since October 2024, the central bank remains confident in achieving its target through strategic incentives and

February 27, 2025

Business·Tanzania

Construction Costs Rise Despite Increased Material Production

Over the past decade, Tanzania’s construction industry has grown significantly, with cement and steel production more than doubling. However, instead of benefiting from lower costs, consumers continue to struggle with high prices, making construction and rent more expensive across the country. According

February 27, 2025

Business·Opportunities·Tanzania

Tanzania’s Startup Boom: How Entrepreneurs Are Thriving

Over the past few years, Tanzania has undergone a remarkable transformation in its startup ecosystem. What was once considered a challenging market for investment has now become one of Africa’s most promising destinations for startup funding. Since 2019, Tanzanian startups have attracted

February 26, 2025

Business·Politics·Tanzania

Kariakoo Businesses to Operate 24 Hours to Boost Trade

Dar Es Salaam Regional Commissioner Albert Chalamila has announced that businesses in Kariakoo will now operate 24 hours a day. The decision, which took effect immediately, is expected to create more opportunities for traders, improve convenience for customers, and strengthen the city’s

February 25, 2025

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Business - Page 18