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Business - Page 20

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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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The BRICS Plan for a New Financial Architecture

The 16th BRICS Summit, held in Kazan, Russia, reaffirmed the bloc’s commitment to fostering multipolarity, development, and inclusivity in global governance. Brazil, Russia, India, China, and South Africa (BRICS) were joined by several partner countries, including new and aspiring members, expanding the
December 4, 2024
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Russia Launches BRICS Mining Infrastructure Project

Russia’s largest data center operator, BitRiver, has teamed up with the Russian Direct Investment Fund (RDIF) to establish mining and AI computing facilities across BRICS nations. This collaboration, announced at the BRICS Business Forum in Moscow, aims to enhance Russia’s influence in
December 2, 2024
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BRICS Space Industry Conference Held in Moscow

The BRICS Space Industry Conference was held in Moscow on 26 November. More than 40 representatives of BRICS space agencies participated in a videoconference hosted by Glavkosmos. Roscosmos Director General Yury Borisov welcomed Conference participants, noting in his speech the benefits of
November 29, 2024
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Zanzibar Hosts Belgium Business Investment Conference

A spirit of collaboration and opportunity marked the Zanzibar-Belgium Business and Investment Conference, held on November 28, 2024. Bringing together entrepreneurs and investors from both regions, the event highlighted the potential for strengthening ties and tapping into Zanzibar’s wealth of resources. Hon.
November 29, 2024
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Starlink Launches Direct-to-Cell Service Worldwide

Starlink of SpaceX, a company owned by Elon Musk, has launched a new satellite communication service “direct-to-cell”. Through this technology, users will be able to connect their smartphones directly to Starlink’s satellites. This means that there will not be a need for
November 28, 2024
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Tanzania Gears Up For Commercial Macadamia Farming

Tanzania’s horticultural industry is making impressive strides with the commercial cultivation of macadamia nuts, a crop that promises to offer farmers a profitable alternative while boosting the country’s agricultural exports. Dr. Jacqueline Mkindi, CEO of the Tanzania Horticultural Association (TAHA), revealed that
November 26, 2024
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US Alleges Billionaire Gautam Adani in Massive Fraud

Indian billionaire Gautam Adani, one of the world’s richest individuals, faces allegations from U.S. prosecutors of orchestrating a multibillion-dollar bribery and fraud scheme. The charges, brought by the U.S. Department of Justice (DOJ) and the Securities and Exchange Commission (SEC), accuse Adani
November 22, 2024
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