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Business - Page 57

“Africa Faces Fuel Crunch Amid Supply Disruptions”

Fuel demand across Africa has surged sharply following disruptions in global energy supply, prompting several countries to explore long-term solutions within the continent. In this context, large-scale refineries such as the Dangote Refinery in Nigeria are attracting growing attention from governments seeking

March 25, 2026

Business·World

Ghana ended 2023 with highest average inflation rate in 2 decades

The latest data released by the Ghana Statistical Service indicates that the inflation rate for December 2023 stood at 23.2%. This figure reveals a decrease from November 2023’s rate of 26.4%. However, a more detailed analysis shows a nuanced situation: certain items,

January 10, 2024

Business·World

IMF chief Georgieva, USA’s Yellen to meet with Egyptian authorities

International Monetary Fund chief Kristalina Georgieva and U.S. Treasury Secretary Janet Yellen will meet with Egyptian authorities in Washington on Tuesday, amid talks between Cairo and the IMF about expanding Egypt’s $3 billion loan program. “Secretary Yellen is looking forward to

January 9, 2024

Business·Tanzania

Govt eyes raising clove production through embassies

President Samia Suluhu Hassan has said that the government through its embassies and various platforms abroad will strengthen efforts in opening markets for the cloves’ sales. She made the statement earlier on Tuesday when inaugurating the Zanzibar State Trade Cooperation in Pemba

January 9, 2024

Business·Tanzania

State allows temporary sugar importation

The government has allowed the importation of 50,000 tonnes of sugar for the month of January and February as a means to solve the sugar shortage problem in the country. Minister for Agriculture, Hussin Bashe made the revelation stating that the rate

January 9, 2024

Business·Tanzania

Porters Jubilate Over Increased Wages

WHILE Tanzanians continue to celebrate the coming of a New Year 2024, the porters here celebrate the New Year with additional thing, this is none other than the increase in their wages for serving the tourists who climb Mount Kilimanjaro in Moshi,

January 8, 2024

Business·World

Nigeria’s Dangote firm under forex misuse probe

The Dangote Group has expressed readiness to assist Nigeria’s Economic and Financial Crimes Commission in its investigations, following the commission’s visit to the company’s headquarters on January 4. The Group said it was cooperating with the commission which is investigating the possible

January 8, 2024

Business

Ghana’s cocoa board inks $800 mln loan and seeks quick drawdown

Ghana’s cocoa marketing board has signed an $800 million syndicated loan with banks and expects to draw down the first $600 million as soon as this week, its deputy chief executive officer said on Tuesday. Ghana, the world’s second-largest cocoa producer behind

January 7, 2024

Business·World

Limited Digital infrastructure hampering Ghana’s transition into cashless economy

Chief Executive of payment services firm, eTranzact Ghana Limited, John Apea has indicated that limited digital infrastructure and low financial literacy are the main reasons Ghana is still a cash-based economy. He was reacting to the 2023 KPMG West Africa Banking Industry

January 5, 2024

Business·Tanzania

TRA Bags Tsh.3 Trillion from Tax Collection in December 2023.

The Tanzania Revenue Authority (TRA) has revealed that it made Sh3.05 trillion in revenue collection in December 2023, the highest monthly collection since its establishment. With the collection, TRA surpassed its target by 102.9% with its initial goal of collecting Sh2.96 trillion.

January 2, 2024

Business·Tanzania

Mapinduzi ‘Zanzibar International Trade Fair’ preps kick off

PREPARATIONS for Zanzibar’s annual ‘Mapinduzi’ International Trade Fair to mark the 60th anniversary of the revolution have kicked off, with the Minister of Trade and Industrial Development, Mr Omar Said Shaaban, announcing the date of the event and inviting potential participants. This

December 29, 2023

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