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Business - Page 19

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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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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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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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