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Business - Page 63

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

Business·World

Coltan mineral discovered in Kenya

Kenya has discovered its first deposits of the valuable mineral coltan, the mining minister has said. The rare mineral is used to manufacture electric car batteries, mobile phones and other electronic devices. The Democratic Republic of Congo holds more than 70% of

January 26, 2024

Business·World

Appeals Court blocks govt’s attempt to revive controversial housing tax

In a setback for the Kenyan government, the Court of Appeal has rejected its bid to dismiss an appeals case challenging a contentious housing tax. The High Court had previously ruled in November that the 1.5% monthly levy unfairly targeted formal sector

January 26, 2024

Business·Tanzania

Mobile money consolidates financial inclusion in Tanzania

MOBILE money transactions in Tanzania increased by 30 per cent between the quarter ending September and December last year and by 44 per cent from January to December 2023. This reflects exponential growth of financial inclusion in the country, the Tanzania Communications

January 26, 2024

Business·World

Stakeholders empower motorcycle riders on road safety

THE Embassy of Switzerland in Tanzania in collaboration with the Amend organization has trained hundreds of motorcycle taxi riders in Dodoma on road safety. According to Amend’s Country Manager Simon Kalolo, over 250 motorcycle taxi riders have been trained in a programme

January 26, 2024

Business·Tanzania

Govt told to probe controversy in beer import licensing

THE Zanzibar Minister of Tourism and Heritage Simai Mohamed Saidi has signaled a beer shortage in the Isles, as retailers blame recent reforms in importation licensing, made by the Zanzibar Liquor Board (ZLB), be the cause of the scarcity. Mr Saidi explained

January 26, 2024

Business·Tanzania

Zanzibar to Host ‘Historic’ Battery Minerals Summit in April

A two-day summit is expected in Zanzibar from April 24 and 25, 2024, where local, regional and global actors in key battery minerals will advance the global green economy, address climate change, and allow select companies to meet the rapidly growing demand

January 26, 2024

Business·Tanzania

JK to start producing white cement locally

ONE of the leading manufacturers of white cement, JK White Cement (Africa) Limited, will begin local production mid-this year from its plant currently being constructed in Mkuranga District, Coast Region The JK White Cement Head of Sales and Marketing, Ms Felista Masabo,

January 25, 2024

Business·Tanzania

TARI Uyole launches drought tolerant rice growing project

THE Mbeya-based Tanzania Agricultural Research Institute (TARI) Uyole Centre has launched a-five year drought-tolerant rice growing project geared at enhancing production. Launching the project yesterday, coordinator from TARI, Dr Dennis Tippe said that the efforts were as a result of collaboration between

January 25, 2024

Business·Tanzania

Tanzania goes to Mining Indaba with investment agenda

Tanzania is set to participate for the first time in the prestigious Mining Indaba in Cape Town, South Africa, marking a significant milestone for the nation’s mining sector. The Ministry of Minerals will team up with the Tanzania Chamber of Minerals for

January 25, 2024

Business·Tanzania·World

Mo Dewji’s net wealth jumps to $1.8 billion

Tanzanian philanthropist, Mohammed Dewji, known across the globe as Mo Dewji, has continued to cling to The 20 Billionaires On The 2024 Forbes List of Africa’s Richest People, with his net wealth jumping to 1.8 billion US dollars from 1.5 billion US

January 23, 2024

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Business - Page 63