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Business - Page 2

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Russian coal exports to South Korea hit three-year high

Russian coal exports to South Korea have surged to their highest level in three years, highlighting a significant shift in Seoul’s energy sourcing as it seeks to strengthen power supply security amid disruptions in global energy markets. South Korea imported approximately 12.5
August 24, 2026
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Policy Gaps Threaten 2034 Clean Cooking Target

Tanzania’s goal of ensuring that 80 percent of its population uses clean cooking energy by 2034 could be undermined by conflicting government policies, limited financing and the economic dependence of thousands of households on the charcoal industry. The concerns were raised during
August 10, 2026
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Agritech, Financing Take Centre Stage At Nane Nane 2026

More than 1,200 exhibitors are showcasing modern farming technologies, investment opportunities and affordable financing solutions at this year’s Nane Nane Agricultural Exhibition, as the government intensifies efforts to modernise Tanzania’s agricultural sector. Speaking after touring exhibition pavilions at the Dr John Malecela
August 7, 2026
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Africa Urged to Deliver Bankable Infrastructure Projects

African governments, investors and the private sector have been urged to shift from ambitious infrastructure plans to delivering bankable projects that can accelerate the continent’s economic transformation. Speaking at the opening of the Africa50 General Shareholders Meeting and the Infra for Africa
August 5, 2026

Africa’s Greatest Wealth Is Leaving Unprocessed

Africa continues to export vast quantities of its natural resources in raw form, missing out on billions of dollars in potential revenue, jobs, and industrial development that could come from processing those materials locally. The continent holds some of the world’s largest
August 3, 2026
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Government Seizes Sh1.2 Billion Smuggled Gold

Tanzanian authorities have intensified their crackdown on illegal mineral trafficking after seizing gold worth Sh1.238 billion in Dar es Salaam, in one of the country’s largest recent anti-smuggling operations, underscoring the government’s determination to protect revenues from the mining sector. The operation,
July 28, 2026
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Tanzania Seizes Sh4.9 Billion Smuggled Minerals Nationwide

 Tanzania has intensified its fight against illegal mineral trade after authorities seized minerals worth nearly Sh4.9 billion in a series of anti-smuggling operations carried out across the country over the past year, underscoring the government’s determination to protect national mineral resources and
July 13, 2026
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Hormuz Crisis Sends Global Oil Prices Higher

Global oil markets faced fresh pressure on Monday as crude prices jumped by more than 4 percent, driven by growing fears that escalating military tensions between the United States and Iran could threaten one of the world’s most important energy trade routes.
July 13, 2026
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BoT Warns Tanzanians As Money Laundering Risks Rise

 The Bank of Tanzania (BoT) has intensified public awareness efforts against money laundering, warning citizens that allowing their bank accounts, mobile money wallets or other financial service accounts to be used for unexplained transactions could expose them to criminal investigations and possible
July 12, 2026
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