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Business - Page 21

Kariakoo Market Springs Back to Life After Election Unrest

Normalcy has returned to the heart of Dar es Salaam’s bustling trade zone, Kariakoo Market, following days of disruption linked to post-election tension late last month. Traders and residents say the once-busy streets, which had temporarily fallen silent, are now alive again

November 13, 2025

Business·World

Tanzania and Singapore to Boost Trade Relations

Deputy Prime Minister and Minister of Energy, Dr. Doto Biteko, has emphasized the long-standing relationship between Tanzania and Singapore, highlighting the need for both countries to review the reasons behind their partnership and increase trade between them. Dr. Biteko made these remarks

October 22, 2024

Business·Tanzania

TPDC Reports 40% Completion of Oil and Gas Exploration Project

The Tanzania Petroleum Development Corporation (TPDC) has announced that the exploration project for crude oil and gas in the Eyasi Wembere Basin, located in the regions of Simiyu, Singida, and Arusha, is currently 40% complete. This project, which commenced in 2015 with

October 21, 2024

Business·World

Egypt Increases Fuel Prices for Third Time This Year

Early on Friday, Egypt’s Petroleum Ministry announced a significant increase in fuel prices, marking the third adjustment in 2024. The latest hike reflects the government’s ongoing efforts to manage fuel subsidies amidst rising consumption rates and economic pressures. The price for diesel,

October 19, 2024

Business·Tanzania

Tanzanian Government Reaches Agreement on National Gold Reserve Sales

The Government of Tanzania, through the Minister of Minerals, Anthony Peter Mavunde, has announced a consensus between the Bank of Tanzania (BoT) and stakeholders in the mining sector regarding the sale of 20% of the gold produced for the national reserve. In

October 7, 2024

Business·Tanzania

Gautam Adani Expands Business Plans to East Africa

Indian billionaire Gautam Adani is pushing forward with plans to expand his business ventures not only in India but across the globe. Currently, it appears that he has chosen East African countries as the focus of his new investment strategy. Tanzania is

October 5, 2024

Business·Tanzania

National Debt Drops by 1.4 %

Tanzania’s national debt stock fell by 1.4 percent in July, bringing it down to $41.8 billion. This decrease was largely due to a reduction in external debt, as reported in the latest monthly economic review by the Bank of Tanzania. External debt

October 4, 2024

Business·Tanzania

Tanzania Sees Fuel Prices Drop in October

Tanzania vehicle owners are experiencing relief as fuel prices have decreased for October 2024. The Energy and Water Utilities Regulatory Authority (Ewura) announced the revised prices on Wednesday, attributing the drop to a decline in fuel costs in the Middle East. According

October 2, 2024

Business·World

Oman-Tanzania Business Forum Boosts Economic Cooperation

The Oman Chamber of Commerce and Industry (OCCI) organized the Oman-Tanzania Business Forum, which took place from September 26 to 27, 2024, at the Sheraton Hotel in Muscat, Oman. The event provided a platform to explore and enhance business and investment partnerships

September 30, 2024

Business·World

Museveni Rejects Ugandan Farmers’ Call to Ban Tanzanian Rice

President Yoweri Museveni of Uganda has stated unequivocally that he will not impose a ban on the importation of Tanzanian rice into Uganda, despite demands from local farmers. He argued that such a move would not be fair and would damage trade

September 28, 2024

Business·Sports·World

Aliko Dangote Regrets Not Buying Arsenal Football Club

Africa’s wealthiest individual, Aliko Dangote, recently disclosed his decision to forgo the chance to acquire Arsenal Football Club, one of the prestigious teams in the English Premier League. Instead, the billionaire entrepreneur chose to prioritize investments in his expansive petrol refinery project.

September 27, 2024

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Business - Page 21