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business - Page 10

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Tanzania Disburses Sh20.8 Billion to Maize Farmers

The Tanzanian government has taken significant steps to reduce its debt to maize farmers, disbursing Sh20.8 billion across three major agricultural regions as part of efforts to settle outstanding payments. The initiative addresses a portion of the Sh52.4 billion owed to farmers
December 14, 2024
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Rising Prices Cause Concern Ahead of Holidays

 The holiday season approaches, many consumers are facing higher prices for essential goods due to increased demand. Items such as meat and rice have seen notable price hikes. The cost of meat, for instance, has surged from 10,000 Tanzanian shillings to 12,000
December 5, 2024
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Starlink Launches Direct-to-Cell Service Worldwide

Starlink of SpaceX, a company owned by Elon Musk, has launched a new satellite communication service “direct-to-cell”. Through this technology, users will be able to connect their smartphones directly to Starlink’s satellites. This means that there will not be a need for
November 28, 2024

Australian Mining Investments in Tanzania Surpass $3.6 Billion

The Australian High Commission has revealed that over the past two years, mining contracts signed with Australian companies in Tanzania have reached a total value of over Sh10 trillion ($3.6 billion), based on recent estimates by the Tanzanian government. Scott Morriss, the
November 23, 2024
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Tanzania’s President Dismisses Label of Poverty

Tanzania’s President, Dr. Samia Suluhu Hassan, has dismissed perceptions that Tanzania is a poor nation, emphasizing the relativity of such evaluations based on selected criteria. Speaking during a press briefing with editors and journalists in Brazil following the G20 Summit, President Samia
November 22, 2024
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US Alleges Billionaire Gautam Adani in Massive Fraud

Indian billionaire Gautam Adani, one of the world’s richest individuals, faces allegations from U.S. prosecutors of orchestrating a multibillion-dollar bribery and fraud scheme. The charges, brought by the U.S. Department of Justice (DOJ) and the Securities and Exchange Commission (SEC), accuse Adani
November 22, 2024
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Ginger Prices in Moshi Surge Amidst Drought

The price of ginger in Moshi, Kilimanjaro, has skyrocketed from TSh 2,000 to TSh 7,000 per kilogram due to prolonged drought conditions severely affecting local production. Traders in the municipality have resorted to importing ginger from Ethiopia to meet consumer demands. A
November 22, 2024
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Tanzania, DRC Outpace Kenya in Ugandan Trade Shift

Tanzania and the Democratic Republic of Congo (DRC) are rapidly surpassing Kenya as the primary consumers of Ugandan goods, a shift poised to impact trade dynamics within the East African Community (EAC). According to data from the Private Sector Foundation of Uganda
November 12, 2024
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Russia Levies Historic Fine on Google Over Media Restrictions

Russia has issued a fine against tech giant Google totaling two undecillion rubles—a sum so vast it surpasses all global wealth. This unprecedented penalty follows Google’s refusal to reinstate Russian state-affiliated media on YouTube, channels restricted following the invasion of Ukraine and
November 1, 2024
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Tanzania Partners with Russian Agency for Mineral Research

The Deputy Permanent Secretary of the Ministry of Minerals, Msafiri Mbibo, has urged investors to seize investment opportunities in the mining sector, particularly in geological research using modern technology to discover new mining sites. Mbibo made these remarks on October 29, 2024,
October 30, 2024
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