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Business - Page 6

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Oil Prices Surge as Middle East Tensions Escalate

Global oil prices climbed sharply on Tuesday, with Brent crude rising about 1.8% to approximately $111 a barrel, approaching five-month highs, as growing security threats in the Middle East heightened concerns over disruptions to global energy supplies. US benchmark West Texas Intermediate
October 20, 2026
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Tanzania Cement Prices Rise Despite Production Surplus

Tanzanians are expected to pay significantly more for cement after the country’s leading manufacturers announced fresh price increases, a development likely to raise construction costs despite Tanzania producing substantially more cement than it consumes each year. The latest adjustments, ranging from Sh500
July 10, 2026
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Oil Prices Surge As US-Iran Conflict Shakes Global Markets

Global oil prices jumped by more than five percent after the United States and Iran exchanged fresh military strikes, triggering fears of supply disruptions through the Strait of Hormuz and sending shockwaves across international financial and energy markets. Brent crude and U.S.
July 9, 2026
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Thousands Flock To Tanzania’s Sabasaba Fair

 Dar es Salaam Regional Commissioner Albert Chalamila has urged residents of Dar es Salaam and Tanzanians across the country to attend the **Dar es Salaam International Trade Fair>, describing the exhibition as a key platform for business, innovation, education and public services.
July 7, 2026
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Rwanda Breaks From Kenyan Fuel Supply Model

 Rwanda will introduce a new government-to-government (G-to-G) fuel import system from August 2026, marking a significant shift in East Africa’s energy trade and becoming the latest country to reduce its dependence on Kenyan oil marketers for fuel supplies. According to Business Daily,
June 30, 2026
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Samia Hosts Dangote As Investment Talks Intensify

Tanzanian President Samia Suluhu Hassan has held high-level talks with Africa’s richest businessman, Aliko Dangote, in a meeting widely seen as reinforcing Tanzania’s ambition to position itself as one of East Africa’s leading destinations for industrial investment and energy development. The meeting,
June 29, 2026
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Tanzania Shifts Sugar Tax To Imports

Tanzania has revised its proposed fiscal measures by scrapping a planned levy on domestically produced sugar and shifting the tax burden to imported sugar, in a move aimed at protecting local manufacturers while strengthening the country’s domestic sugar industry. The change was
June 27, 2026
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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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Global Monetary System Enters Fragmented Era

The international monetary system is undergoing a gradual but consequential transformation as long-standing assumptions about currency dominance, cross-border payments, and reserve accumulation are being challenged by shifting geopolitical alliances, technological innovation, and the growing economic weight of emerging markets. At the center
June 8, 2026
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