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Business - Page 23

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Tanzania Disburses Sh20.8 Billion to Maize Farmers

The Tanzanian government has taken significant steps to reduce its debt to maize farmers, disbursing Sh20.8 billion across three major agricultural regions as part of efforts to settle outstanding payments. The initiative addresses a portion of the Sh52.4 billion owed to farmers
December 14, 2024
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Russia and India Ink Record $13 Billion Oil Deal

In a historic move, Russia and India have signed a $13 billion oil deal, marking the largest energy agreement ever between the two nations. The deal aims to secure India’s growing energy needs while providing Russia with a stable market amidst shifting
December 13, 2024
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Indonesia Pursues BRICS Membership to Boost Economic Goals

Indonesia has formally expressed its intention to join the BRICS group of emerging economies, a move aimed at advancing the domestic economic agenda of President Prabowo Subianto. The announcement marks the first major foreign policy initiative under Subianto’s administration Newly appointed Indonesian
December 10, 2024
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Tanzania Prepares for Commercial Macadamia Farming

Tanzania’s horticultural industry is making significant progress with the commercial cultivation of macadamia nuts, a crop that offers farmers a lucrative alternative and enhances the country’s agricultural exports. Dr. Jacqueline Mkindi, CEO of the Tanzania Horticultural Association (TAHA), announced that after more
December 9, 2024
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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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