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Business - Page 27

Dar es Salaam Enforces Market Road Safety Measures

The Dar es Salaam City Council has launched a decisive operation to clear traders from unauthorized areas around Kariakoo, the city’s bustling commercial heart, in a move aimed at restoring traffic flow and public safety. The initiative follows directives from Regional Commissioner

February 19, 2026

Business·Tanzania

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

Business·World

Africa’s Diamond Industry: Economic Powerhouse and Challenges

In 2023, ten African nations secured positions within the top ten diamond-producing countries worldwide, underscoring Africa’s crucial role in the global diamond industry. This achievement highlights the continent’s significant contribution to the global supply of diamonds and its broader economic impact. Africa

July 24, 2024

Business·Tanzania

Government’s Short-Term Loan Framework Explained

The Bank of Tanzania (BoT) has affirmed that the Bank of Tanzania Act of 2006, Chapter 197, authorizes the government to secure short-term loans up to 18% of its revenue through its accounts held at the central bank. This mechanism is invoked

July 23, 2024

Business·Tanzania

Industrial Development Data Collection Mandate for TIDRO.

The Ministry of Industry and Trade has issued a directive to the Tanzania Industrial Research and Development Organization (TIDRO) to ensure that by the time of the 2025 general elections, the exact number of industries in the country is known and accurately

July 23, 2024

Business·Tanzania

Tanzania, Comoros Strengthen Economic Relations

Secretary General of the Ministry of Foreign Affairs and East African Cooperation, Ambassador Dr. Samwel Shelukindo, has opened the First Joint Cooperation Commission (JCC) Meeting between Tanzania and the Union of the Comoros at the Expert Level taking place in Dar es

July 22, 2024

Business·Tanzania

DR. Jafo FormsTeam To Revive Morogoro Industries

The Minister of Industry and Trade, Dr. Seleman Jafo (MP), has instructed the Permanent Secretary of the Ministry of Industry and Trade to form a team of eight people. This team will work in collaboration with the regional administration and the Treasury

July 21, 2024

Business·Tanzania

Tanzania, U.S. Collaborate on Strategic Minerals Development

Permanent Secretary of the Ministry of Minerals, Engineer Yahya Samamba, welcomed a delegation from the U.S. Government through its embassy in the country and held a brief introductory meeting where the delegation explained their purpose of visiting the Ministry. Speaking at the

July 16, 2024

Business·Tanzania

Kagera Sugar Increases Production to 150,000 Tons

Kagera Sugar Factory has ramped up its annual sugar production to over 150,000 tons, solidifying its position as Tanzania’s largest sugar producer. Watch: The government’s aim to achieve self-sufficiency in sugar production is set to be bolstered by increased output from

July 16, 2024

Business·World

Burkina Faso Leader Reclaims Gold, Expels Foreign Miners

Burkina Faso Leader Captain IbrahimTraore,, has recently made headlines by announcing a sweeping ban on gold exports from the country. This bold move is part of a larger strategy aimed at reclaiming national control over Burkina Faso’s abundant gold resources and ensuring

July 15, 2024

Business·Tanzania

Japan Provides $8.9 Billion for Kigoma Port Renovation

Tanzania has received an additional grant of 548 million Japanese Yen, equivalent to 8.9 billion Tanzanian Shillings, for the renovation of Kigoma Port. This follows the amendment of two aid agreements between Tanzania, the Japan International Cooperation Agency (JICA), and the Embassy

July 12, 2024

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Business - Page 27