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Business - Page 24

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Tanzania Ports Record Strong Growth in Cargo Handling

Tanzania’s port system has recorded significant growth in cargo handling, with Roll-on/Roll-off (RoRo) traffic, container volumes managed by DP World, and dry bulk cargo registering strong increases during the latest reporting period. The latest figures underscore Tanzania’s growing role as a regional
June 10, 2026
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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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Zanzibar Hosts Belgium Business Investment Conference

A spirit of collaboration and opportunity marked the Zanzibar-Belgium Business and Investment Conference, held on November 28, 2024. Bringing together entrepreneurs and investors from both regions, the event highlighted the potential for strengthening ties and tapping into Zanzibar’s wealth of resources. Hon.
November 29, 2024
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Starlink Launches Direct-to-Cell Service Worldwide

Starlink of SpaceX, a company owned by Elon Musk, has launched a new satellite communication service “direct-to-cell”. Through this technology, users will be able to connect their smartphones directly to Starlink’s satellites. This means that there will not be a need for
November 28, 2024
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Tanzania Gears Up For Commercial Macadamia Farming

Tanzania’s horticultural industry is making impressive strides with the commercial cultivation of macadamia nuts, a crop that promises to offer farmers a profitable alternative while boosting the country’s agricultural exports. Dr. Jacqueline Mkindi, CEO of the Tanzania Horticultural Association (TAHA), revealed that
November 26, 2024
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US Alleges Billionaire Gautam Adani in Massive Fraud

Indian billionaire Gautam Adani, one of the world’s richest individuals, faces allegations from U.S. prosecutors of orchestrating a multibillion-dollar bribery and fraud scheme. The charges, brought by the U.S. Department of Justice (DOJ) and the Securities and Exchange Commission (SEC), accuse Adani
November 22, 2024
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Ginger Prices in Moshi Surge Amidst Drought

The price of ginger in Moshi, Kilimanjaro, has skyrocketed from TSh 2,000 to TSh 7,000 per kilogram due to prolonged drought conditions severely affecting local production. Traders in the municipality have resorted to importing ginger from Ethiopia to meet consumer demands. A
November 22, 2024
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 Tanzania Denies Blocking Rwanda’s Milk Exports

Tanzania has responded to recent accusations by Rwanda alleging that it has restricted the import of Rwandan milk, despite a memorandum of understanding signed by the two countries earlier this year intended to facilitate trade. Deputy Minister for Industry and Trade, Mr.
November 14, 2024
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Tanzania, DRC Outpace Kenya in Ugandan Trade Shift

Tanzania and the Democratic Republic of Congo (DRC) are rapidly surpassing Kenya as the primary consumers of Ugandan goods, a shift poised to impact trade dynamics within the East African Community (EAC). According to data from the Private Sector Foundation of Uganda
November 12, 2024
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