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Uganda to Open New Oil Licensing Round in 2025

Uganda is preparing to launch the third round of oil exploration licenses in July 2025, signaling a new phase in the country’s efforts to develop its oil sector. This move is expected to attract further investment and help expand the nation’s energy
January 3, 2025

U.S. Fraud Case Against Adani Heats Up

The legal battle surrounding Indian billionaire Gautam Adani continues to intensify, with new developments pointing to significant evidence supporting fraud accusations. However, experts believe that Adani, who remains in India, is unlikely to be extradited to the U.S. in the near future.
December 16, 2024

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

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

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

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

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