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Business - Page 24

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Digital Trade Rules Raise Concerns in Africa

African countries are increasingly expressing concern that emerging global rules on digital trade could restrict their ability to shape the future of their economies, as negotiations continue within the World Trade Organization (WTO). At the center of the debate is the long-standing
March 26, 2026
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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
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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
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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
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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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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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