The MoU will help the two parties to promote greater utilisation of the capital markets through structured financial products by corporates, including SMEs The Capital Markets Authority (CMA) and the Kenya Development Corporation (KDC) have signed a new Memorandum of Understanding (MOU) The MoU will help the two parties to promote greater utilisation of the capital markets through structured…
What you need to know: The agreement dubbed ‘Agreement on Avoidance of Double Taxation and Prevention of Fiscal Evasion on Income Taxes’ was signed by Finance ministers of the two countries–Dr Mwigulu Nchemba for Tanzania and Mr Mohamed Bin Hadi Al Hussain of the UAE. Dar es Salaam. Tanzania and the United Arab Emirates (UAE) have signed an agreement…
THE East African Business Council (EABC) board has shaped the new business priorities for Intra-EAC trade growth and economic resilience. This was stated by the EABC Chairperson Ms Angelina Ngalula during the 84th meeting outlining priorities that were set to boost Intra-EAC trade and investments that were held in Dar es Salaam over the weekend. In her speech to…
Through its African Transformation Office (ATO), Microsoft will work with the bank’s Youth Entrepreneurship Investment Banks (YEIB) Initiative to develop youth entrepreneurship ecosystems, create jobs and dramatically scale impact in Africa through digital inclusion. The partnership is expected to ease unemployment pressure especially among the youth facing African governments after impact of COVID-19. “We believe much can be done…
TANZANIA Bureau of Standards (TBS) has signed an agreement with TradeMark East Africa (TMEA) worth 9bn/- to help traders do business basing on standards for easy access to the market. Speaking after inking the deal, TMEA Country Resident, Ms Monica Hangi said the agreement targets to ease business and solve challenges caused by business impediments and non-tariff barriers. She…
Promising recent resource finds in Mozambique and Tanzania bode well for Africa’s future. Exploration is being pursued with renewed vigour, and the world’s energy companies are keenly eyeing the continent. Mozambique and Tanzania have signed two cooperation agreements in Maputo, focusing on combating terrorism and fighting crime. Mozambique is currently fighting Islamist militants in the country’s gas-rich northern Cabo…
Youngsters in the townships are drawn to the promise of quick riches with cryptocurrencies, but risk losses and becoming victims of scams. John first heard of cryptocurrency three years ago, when the teenager came across slick YouTube videos and Facebook posts of other South Africans claiming to have become wealthy overnight with bitcoin. Inspired, the then 14-year-old downloaded a trading app,…
The cast of the hit struggle movie Sarafina has reunited after 30 years…and right in time for Heritage Day! The two leading ladies of the movie – Whoopi Goldberg and Leleti Khumalo – alongside producer Anant Singh met in New York And joining the crew was Prince Albert of Monaco who is married to South African-raised royal Princess Charlene….
Egypt has imposed a 15% and 10% increase in transit fees on all vessels passing through the Suez Canal The hike is a result of the global inflation The hike is set to affect Sub-Saharan African traders who depend on the canal for its exportations On Saturday 17th of September 2022, Egypt announced that it would increase the transit…
A Tanzanian film has been shortlisted for an Oscars award – ending the country’s two-decades wait for an entry in the awards. Vuta N’kuvute film – Swahili for tug of war – has been shortlisted in the 95th Oscars’ Best International Film category. Released in Swahili and with a majority black cast, the film tells the story of a…
THE United States Agency for International Development (USAID) and the Vodafone Foundation have committed 15 million US dollars (about 34.9bn/-), to expand maternal health emergency transportation systems in Tanzania. The funds are a direct response to President Samia Suluhu Hassan’s request for collaboration in expanding the programme, to ensure hospital transit for women across the country. The commitment was…
THE government has said efforts are being stepped up to expand the scope of business between Mainland Tanzania and Zanzibar to enable traders and the general public from both sides to further enjoy the benefits of the Union. Deputy Minister for Investment, Industry and Trade Exaud Kigahe spoke of the government determination in Parliament on Monday when responding to…
Three days ago, the EU Parliament adopted a resolution accusing of human rights violations, major environmental and climate risks posed by the execution of the EACOP project. Dar es Salaam. Whilst Tanzania stands to ensure the East African Crude Oil Pipeline (EACOP) is excused in respect to human rights, Uganda sees the European Parliament’s resolution against its construction, as…
Kenya’s economic situation deteriorated further as consumers woke up to a record increase in fuel and electricity prices in the same week that the nation’s new leader, President William Ruto, was sworn in. The record-high fuel surcharge comes at a time when the government and the International Monetary Fund have agreed to end the fuel subsidies that have been…
The Nigeria-Morocco Gas Pipeline Project is an initiative of the Federal Government of Nigeria and the Kingdom of Morocco. The Group Chief Executive Officer of the Nigerian National Petroleum Company Ltd, Mele Kyari, on Thursday said the Nigeria-Morocco Gas Pipeline Project will create wealth, and improve the standard of living of countries with the African region. Mr Kyari said…
This is the first time in some regions like Dar es Salaam that fuel price hits Sh3000 per litre While subsidies introduced by the government earlier this year have helped to ensure that fuel in Tanzania is cheaper than in any other East African Community member state with the exception of DR Congo, experts have called for more sustainable…
The vote by a majority of the EU Parliament came hours after Uganda’s MPs had labeled an earlier move to block the project as racist and imperialistic. The European Union (EU) lawmakers yesterday voted by a majority of 334 to pass the resolution that seeks to compel Uganda, Tanzania and the Total Energies SE to delay development of the…
Summary During the dance ceremony, each girl will present a tall reed to the new king which, legend has it, will wilt if the holder is not pure. Johannesburg. Thousands of bare-breasted maidens will on Saturday dance before the new king of South Africa’s Zulu nation, defying criticism of this time-honoured event and a row over the legitimacy of…
Angolan President Joao Lourenco is to be sworn in for a second term on Thursday amid tight security after a disputed electoral win last month. The inauguration will be held on the historic palm tree-lined Praca da Republica square in the centre of the capital, Luanda. Security forces set up a heavy cordon around the venue ahead of the…
Analysts have lauded President Samia Suluhu Hassan’s speech at the African Continental Free Trade Area (AfCFTA) Forum on Youth and Women Inclusion in Trade, saying it was timely and ‘a wake-up call’. Delivering her speech in Dar es Salaam on Tuesday, President Samia challenged women and youth in Africa to take advantage of available resources in improving and strengthening…
A delighted Air Belgium celebrated its first new flights to South Africa yesterday, Wednesday 14 September 2022. The airline said: “Cheers to new flights to South Africa! Our #A330neo takes off from Brussels Airport to Johannesburg and Cape Town“ Simultaneous flights to Cape Town and Johannesburg are now available from Brussels Airport every Wednesday and Sunday, while return flights…
President Samia Suluhu Hassan of the United Republic of Tanzania has engaged Judges of the African Court on Human and Peoples’ Rights at the State House in Dar es Salaam. The engagement which was initiated by the African Court Judges offered the opportunity for the discussion of a number of issues, including the construction of the permanent premises of…
Summary Currently, Tanzania and a number of other African countries use of second generation satellites which are not as effective as the third generation ones Dar es Salaam. The precision of Tanzania’s weather forecasts will significantly improve starting next year as a European organisation plans to install third generation satellites in the country and in several other African countries….
The inquest into why he failed to win for the fifth time is ongoing, but some close aides and allies have been slogging it out on social media. • Hearts were broken and many still remain inconsolable as it dawned on them that the three decades’ quest to see an Odinga presidency had come to an end. • Some…
EFFORTS by President Samia Suluhu Hassan to promote Tanzania continue to pay off and witnessed some 19 USA companies readiness to explore investment opportunities in the country. According to a statement issued on Tuesday the U.S Embassy in Dar es Salaam and the U.S Commercial Service, representative of the 19 companies will be among participants in a two-day fact-finding…
VICE-PRESIDENT Dr Philip Mpango has underlined the necessity for Africa to stand together on issues that affect many countries as one of the ways to ensure a sustainable food system on the continent. Dr Mpango said this on Wednesday during a Presidential Summit at the ongoing Africa Green Revolution Forum (AGRF) 2022 Summit in Kigali Rwanda. “Together, we can…
Dr Akinwumi Adesina, President of the African Development Bank (AfDB) Group says the bank will provide 12.5 billion dollars to support the Africa Adaptation Acceleration Programme (AAA-P). The AfDB president disclosed this via his verified twitter handle @akin_adesina on Wednesday. The AAA-P is Africa’s own programme, supported by African Heads of State, to mobilise more resources for climate change,…
Summary In the competition, Tanzania One Team have so far collected a total of 148 strokes as the same as Kenya. Dar es Salaam. Tanzania’s ladies national golf team “Tanzania One Team” captain Hawa Wanyeche scored high on day one of the All Africa Challenge Trophy (AACT). The prestigious tournament teed-off yesterday at the Dar es Salaam Gymkhana Club…
Kigali: September 7, 2022 – Eric Yirenkyi Danquah was today announced thewinner of the 2022 Africa Food Prize at the AGRF2022 Summit in Kigali, Rwanda. The Africa Food Prize is the preeminent annual award that recognizes outstandingindividuals or institutions that are leading the effort to change the reality of farmingin Africa.Eric Yirenkyi Danquah has been celebrated for his outstanding…
The 2022 African Green Revolution Forum (AGRF) Summit started on Monday in Kigali, Rwanda, bringing together political leaders, businesses persons, civil society representatives, among others to formulate policies towards the continental food security agenda. The Kigali event is the 12th AGRF Summit, an event held every year since 2010. This year’s summit, set to run until September 9, is…
THE government urged the national ladies team golfers to work hard and excel in the All Africa Challenge Trophy golf tournament which tees off at Dar es Salaam Gymkhana Club course today. The Director of Sports in the Ministry of Culture, Arts and Sports, Yusuph Singo who represented the docket Minister, Mohamed Mchengerwa, called on the golfer to repeat…
Wemade, an online video games developer, announced it has participated in the seed funding round for Metaverse Magna (MVM), a P2E guild project from Africa, for expansion of WEMIX ecosystem in Africa. MVM’s parent company, Nestcoin, supports and invests in crypto projects in Africa. It was founded by Yele Bademosi, former director in charge of the Africa region at Binance Labs, who oversaw investments and…
US icon Serena Williams, considered one of the greatest tennis players of all time, is retiring from professional tennis. Williams has won 23 grand slam singles titles, more than any other woman or man during the professional era, which began in 1968. Coached by her father, she changed the face of the women’s game. In the process, through speaking…
He may have missed the official year of return, hosted by Ghana in 2019, but we’re loving that Lewis Hamilton, who recently toured Africa, did so the “right” way. His words: “I’m finally tracing my roots through Africa, and guys, to say this journey has been a grounding experience is an understatement.” We are loving that Lewis, who was…
Nairobi: Kenya’s Supreme Court has unanimously rejected challenges to the official results of the presidential election and upheld Deputy President William Ruto’s win. Opposition candidate Raila Odinga had alleged irregularities in the otherwise peaceful Aug. 9 election that was marked by last-minute drama when the electoral commission split and traded accusations of misconduct. The court found little or no…
Kenya’s Supreme Court should rule today on Raila Odinga’s petition: was Kenya’s election free and fair? Kenya’s political life remains on pause while the Supreme Court considered the petition of Raila Odinga, who claims his opponent William Ruto won by fraud. After a long delay, Independent Electoral and Boundaries Commission (IEBC) chief Walter Chebukati announced on 15 August the…
A two-legged omnivore, Mbiresaurus raathi walked the planet around 230 million years ago and weighed up to 30kg (66lbs) Its skeleton was discovered during two expeditions in 2017 and 2019 by a team of researchers from Zimbabwe, Zambia, and the US Scientists in Zimbabwe have discovered the remains of Africa’s oldest dinosaur, which roamed the Earth around 230 million…
Nairobi — The Independent Electoral and Boundaries Commission (IEBC) has dismissed claims by petitioners in the presidential election that its system was hacked and crucial data altered. Lawyer Eric Gumbo said the claims that the system was hacked and some of the Forms 34As uploaded in favour of President-Elect William Ruto is laughable. He challenged the petitioners to present…
Health officials met with families that had waited more than two months to learn why 21 teenagers died one June night in an overcrowded bar. Report says JOHANNESBURG — The 21 South African teenagers who collapsed in a crowded tavern during a night of revelry in June died of asphyxiation, two local TV news channels reported, citing victims’ families…