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Business - Page 24

Citizens Urged to Budget

Citizens of Ruangwa District in Lindi Region and other areas of Tanzania have been encouraged to develop the habit of budgeting their money when they sell crops or engage in any business to ensure the funds are used effectively for development activities
August 13, 2024

SAGCOT Expands to National Agricultural Corridors

The 31st Nane Nane International Agricultural Exhibition has commenced across the nation, bringing attention to the Southern Agricultural Growth Corridor of Tanzania’s (SAGCOT) latest transformative plans. In a significant development, SAGCOT has announced its intention to expand its successful agricultural model nationwide,
August 1, 2024

Indiana Resources Settles Tanzanian Dispute for $90 Million

Indiana Resources Limited has reached a settlement agreement with the Tanzanian government, concluding the long-standing dispute adjudicated by the International Centre for Settlement of Investment Disputes (ICSID). The total settlement sum is set at US$90 million, to be paid by Tanzania in
July 30, 2024

Trade Between Tanzania and Russia Growing Rapidly

Tanzania has seen a significant increase in trade with Russia, with imports from the country more than doubling over the past year. According to the latest annual report from the Bank of Tanzania, the value of goods imported from Russia rose from
July 30, 2024

Tanzania Prophets Council Disowns ‘Witch Buster’

The Tanzania Council of Apostles and Prophets (Bacct) has officially disassociated itself from Pastor Dominique Dibwe, widely known as Nabii Kiboko ya Wachawi, declaring that he is not one of their members. The controversy surrounding Dibwe intensified following the government’s closure of
July 30, 2024

G20 Finance Ministers Agree on Taxing the World’s Ric

Finance ministers from the world’s major industrialized nations within the G20 have unanimously agreed to devise strategies for taxing the world’s wealthiest individuals. In their statement, the ministers noted that they are seeking international alignment and further cooperation to close loopholes allowing
July 27, 2024

Tanzania Launches Campaign for Investment Incentives

The Tanzania Investment Centre (TIC) has embarked on an extensive campaign to highlight the new incentives resulting from recent legal reforms aimed at boosting local investment. This initiative was affirmed by Gilead Teri, the TIC Managing Director, during a meeting with local
July 26, 2024
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