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Business - Page 57

Africa’s Trade Expansion Begins Challenging Old Pattern

A noticeable shift is taking shape as Africa strengthens its position in international trade through growing regional connections and expanding market activity. What was once seen as a fragmented trade environment is now gradually transforming into a more coordinated and competitive system.

April 16, 2026

Business·World

Nigeria’s inflation jumps to 27-year high

Inflation in Nigeria has risen to its highest rate in more than 27 years. The National Bureau of Statistics said the rate that prices were increasing over the year was up for the 12th straight month. On average, the price of goods

January 16, 2024

Business·Tanzania·Travel

Tanzania, Kenya resolve air travel restrictions dispute

Tanzania and Kenya have reached an agreement that the recently imposed restrictions on air travel should not stand. According to Tanzania’s Minister of Foreign Affairs and East African Cooperation, January Makamba’s post on X (formerly Twitter), the two East African economic powerhouses

January 16, 2024

Business·Tanzania·Travel

Tanzania Revokes approval of KQ’s operations from Nairobi-Dar Es Salaam

Tanzania hits back at Kenya by blocking Kenya Airways passenger flights from operating the Nairobi-Dar Es Salaam Route. ‘ The Tanzania Civil Aviation Authority (TCAA) has announced the suspension of all kenya Airways (KQ) Passenger flight between Nairobi and Dar Es Salaam

January 15, 2024

Business·World

Security forces arrest Hormuud Telecom staff members over data privacy dispute

Somalia’s National Intelligence and Security Agency (NISA) arrested three members of Hormuud Telecom’s center at Tree-piano in Mogadishu on Sunday after the telecom company refused to provide financial activity information about its customers to the National Intelligence Agency. Hormuud Telecom, the leading

January 15, 2024

Business·World

Guards ordered to stay unarmed as Uganda hosts summit

Private security guards in Uganda have been banned from carrying firearms until after the end of a key international summit starting in the capital, Kampala. Over 4,000 delegates, including UN Secretary General Antonio Guterres and heads of state and government, will be

January 15, 2024

Business·Tanzania

Kitila highlights what Tanzanians expect from ‘Vision 2050’ team

The Minister of State, President’s Office (Planning and Investment) Professor Kitila Mkumbo has unveiled what is expected from the members of ‘Tanzania National Development Vision 2050’ (TNDV-2050) team, tasked to come-up with the best working ideas for the document by July next

January 15, 2024

Business·Tanzania

Couples with marriage certificates do not need to register with Rita

The Registration Insolvency and Trusteeship Agency (Rita) yesterday described as false and erroneous reports circulating in media and social media platforms that married couples need to register their marriages with Rita. Quoting the Marriage Law, sections 30, 43 and 46, Rita Chief

January 15, 2024

Business·Tanzania

Collapse of goldmine in Tanzania kills 22

The collapse of an illegal small-scale gold mine has killed at least 22 people in northern Tanzania following heavy rains, a senior government official said on Sunday. The accident happened early on Saturday in the Simiyu region after a group of people

January 15, 2024

Business·World

Nigeria’s Dangote refinery starts production after years of delays

Nigeria’s Dangote oil refinery has begun producing diesel and aviation fuel, the company said on Saturday, after years of construction delays at the 650,000 barrel per day (bpd) plant. The refinery, Africa’s largest, was built on a peninsula on the outskirts of

January 13, 2024

Business·Tanzania

Tanzania To suspend Fishing in Lake Tanganyika for 3 months

The Tanzanian government plans to temporarily suspend fishing in Lake Tanganyika from May, prompting mixed feelings among people who are likely to be impacted by the stoppage. The three-month suspension is expected to come into effect on May 15 and is aimed

January 13, 2024

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