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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), …
November 22, 2024

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 …
November 22, 2024

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 …
November 12, 2024

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 …
November 1, 2024

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 …
October 30, 2024

Tanzanian Government Enhance Clean Cooking Initiative

Deputy Prime Minister and Minister for Energy, Dr. Doto Biteko, has extended his gratitude to Oryx Gas Tanzania for their generous contribution of gas cylinders to various communities across the country. This initiative supports President Samia Suluhu Hassan’s vision …
September 9, 2024

Economists Urge Removal of Trade Barriers

Tanzanian economists have emphasized the urgent need for removing trade barriers between Tanzania and China. This call comes amidst ongoing discussions about improving the trade balance, which currently favors China significantly. Dr. Nassib Mramba, a Senior Lecturer at the College …
September 3, 2024

Tanzania Launches Campaign for Investment Incentives

The Tanzania Investment Centre (TIC) has embarked on an extensive campaign to highlight the new incentives resulting from recent legal reforms aimed at boosting local investment. This initiative was affirmed by Gilead Teri, the TIC Managing Director, during a meeting …
July 26, 2024
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