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Business - Page 62

Tanzania Seizes Sh4.9 Billion Smuggled Minerals Nationwide

Tanzania has intensified its fight against illegal mineral trade after authorities seized minerals worth nearly Sh4.9 billion in a series of anti-smuggling operations carried out across the country over the past year, underscoring the government’s determination to protect national mineral resources and

July 13, 2026

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

Business·Tanzania

Jubilee Insurance does it once again

Jubilee Life Insurance Company has once again won the ‘Presidential Manufacturer of the Year Award 2023’ category owing to the quality of their services. Last Sunday, the insurance company managed to scoop the top award at the PMAYA 2023 after it emerged

December 29, 2023

Business

Cloves Production declines -“ZARI” embark on research.

The Zanzibar Agricultural Research Institute (ZARI) is expected to benefit from funds provided by the Tanzania Commission for Science and Technology (COSTECH) to support research in various institutions in the country. ZARI Director Dr Mohammed Dhamir Kombo said that the commission has

December 27, 2023

Business

Illegal mining threatens Ghana’s cocoa industry

Ghana, the world’s second-largest cocoa producer, is facing increasing risks to its bean crop from illegal miners and smugglers, according to industry officials, farmers and environmentalists. At a time when Ghana is going through one of the worst economic crises in its

December 27, 2023

Business·Tanzania·Uncategorized

Tanzania among indebted countries relieved in IMF’s $1.9bn debt financing deal

The International Monetary Fund (IMF) board has approved the payment of $620.65 million in budgetary support for Tanzania, Rwanda and the Democratic Republic of Congo (DRC) as part of the $1.92 billion financing commitments which the Washington-based institution agreed with six East

December 26, 2023

Business·Uncategorized

Uganda dominates East Africa”s Foreign Direct Investement Share

Tanzania, Kenya and Uganda attracted over $13.3 billion worth of foreign direct investment (FDI) in 2022, helping them create thousands of new jobs. The latest investment report by business advisory firm Ernst & Young shows that Uganda recorded a high of $10.2

December 26, 2023

Business·World

Tanzania signs Samoa agreement

TANZANIA government has signed new partnership agreement with the Organization of African, Caribbean and Pacific States (OACPS) and the European Union (EU) with its member states. The new partnership agreement will serve as the new legal framework for EU relations with 79 countries. This

December 26, 2023

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Business - Page 62