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Business - Page 22

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Tanzania Faces $500 Million Investment Dispute from Aqua Power

The Tanzanian government is grappling with the looming threat of a significant investment dispute, as Aqua Power Tanzania Limited, a Mauritius-registered company, has initiated legal proceedings seeking over $500 million (approximately Sh1.3 trillion) in compensation. Aqua Power, which is headquartered in Ebene,
September 27, 2024
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 Government Overhauls Payment System for Cashew Farmers

 The government is revamping the payment system by transitioning from the Agriculture Marketing Cooperative Societies (Amcos) to direct payments managed by cooperative unions. This change, announced by Agriculture Minister Hussein Bashe during his visit to Tunduru District in the Ruvuma Region on
September 24, 2024
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Traders Request Government Relief on Signage Costs

Traders operating on Ally Maua A Street, located in Kijitonyama, Dar Es Salaam, have called upon the government to intervene and lower the high costs associated with business signage. The traders argue that the current fees for advertising boards have become unsustainable,
September 20, 2024
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Adani Pays $50,000 for JKIA Proposal

Adani Airport Holdings Limited has paid a $50,000 (about Ksh.6.47 million) review fee to the Kenyan government for its $1.85 billion (Ksh.242 billion) proposal to take over and renovate Jomo Kenyatta International Airport (JKIA) in Nairobi. The fee was deposited into the
September 18, 2024
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Constitutional Case on Sugar Imports Today

Today, the High Court in Dar es Salaam will hear a crucial constitutional case filed by Kisesa MP Luhaga Mpina (CCM). The case, numbered 18383/2024, is set to begin at 2:00 PM under the guidance of Judge Anold Kirekiano. Mpina’s lawsuit challenges
September 18, 2024
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Mwigulu,Mwanza Market Development 96% Complete

Tanzania’s Minister of Finance, Dr. Mwigulu Nchemba, has provided an encouraging update on the new Mwanza market, which is nearing the end of its construction phase. Currently, the project stands at 96% completion, with final touches being applied to this state-of-the-art facility
September 17, 2024
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Tanzanian Government Enhance Clean Cooking Initiative

Deputy Prime Minister and Minister for Energy, Dr. Doto Biteko, has extended his gratitude to Oryx Gas Tanzania for their generous contribution of gas cylinders to various communities across the country. This initiative supports President Samia Suluhu Hassan’s vision of Africa leading
September 9, 2024
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Traders Block Major Highway Over New Crop System

Local traders and cargo carriers protested against the government’s new crop marketing system by blocking the key Dodoma-Singida-Shinyanga highway. The protest took place recently when demonstrators used logs and branches to block the road for one hour at Uwanja wa Liti. Their
September 9, 2024
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China Opens Market for Tanzanian Avocados

Farmers growing avocados in Tanzania are poised to achieve significant economic success as China, the world’s most populous country, has approved Tanzanian companies to export avocados directly to its market. This pivotal development, effective from August 14 this year, marks a significant
September 7, 2024
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