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Business - Page 64

Russian Tanker Carrying 326,800 Barrels of Petroleum Products Heads to New York

A Russian tanker carrying 326,800 barrels of petroleum products, including diesel fuel, has departed from the Russian port of Primorsk and is heading towards New York, according to Russian media reports shared by the Russian Embassy’s official Instagram account. The vessel,

October 24, 2026

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

Business·World

Cedi loses 2.2% in value to dollar since January 2024; 1$ going for GH¢12.43

The Ghana cedi has lost 2.2% in value to the dollar since January 2024. This is despite the existence of the International Monetary Fund (IMF) programme which the Board approved the first review programme last Friday, January 19, 2023. Last week, the

January 23, 2024

Business·World

You have 7 days to revoke VAT on electricity – TUC to government

The Trades Union Congress (TUC) has issued a seven-day ultimatum to the government, demanding the withdrawal of the imposition of Value Added Tax (VAT) on electricity consumption beyond the lifeline threshold. The General Secretary of TUC, Dr. Yaw Baah stressed on the

January 23, 2024

Business·Tanzania

Govt wants Tanzanite mine owners to respect laws

OWNERS of Tanzanite mines in Mererani, Simanjiro District in Manyara Region have been told to respect operational conditions stipulated in their licences. Simanjiro District Mining Officer, Nchagwa Marwa, said over the weekend in Arusha that Tanzanite mine owners must operate their mines

January 22, 2024

Business

Zanzibar makes international headlines

ZANZIBAR has continued making international headlines after one of the world’s famous television networks – CNN International – started showcasing the Isles’ jawdropping tourist attractions on Saturday. Through its famous programme known as CNN Quest World of Wonder, the network’s media guru,

January 22, 2024

Business·World

Mpango urges for increased agricultural investments

VICE-PRESIDENT, Dr Philip Mpango, has called upon Norwegian fertiliser maker, Yara International to scale up investments in agricultural infrastructure in Tanzania to the agricultural value chain. Speaking on the sidelines of the World Economic Forum (WEF) Annual Meeting in Davos, Switzerland yesterday,

January 18, 2024

Business·World

Shell to exit Nigeria’s troubled onshore oil after nearly a century

Shell is set to conclude nearly a century of operations in Nigerian onshore oil and gas after agreeing to sell its subsidiary there to a consortium of five mostly local companies for up to $2.4 billion. The British energy giant pioneered Nigeria’s

January 18, 2024

Business·World

Kenya lost 4.2bn shillings to Telegram shutdown in 2023

Telegram, a widely used social media platform in Kenya, faced an unexplained disruption coinciding with the country’s college entrance examinations. Speculations arose regarding the motive behind the outage, with some suggesting a connection to preventing examination malpractice, given that the app remained

January 17, 2024

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