Amazon, a global e-commerce technology company, is reportedly set to expand to African countries including South Africa and Nigeria in 2023, according to news that was first published by Business Insider. Belgium, Chile, and Colombia are also among the five markets that the giant e-commerce company is set to penetrate next year, according to leaked documents that were seen by…
With 92 million girls and boys in child labour — one in five children — Africa is the most-affected region in the world. Eliminating child labour worldwide will not be achieved without a breakthrough here. This is not justifiable. Children have the right not to work. Children trapped in child labour today are the unskilled labour force of tomorrow….
The Board of Directors of the African Development Bank approved the creation of a virtual academy to build public financial management capacity in African countries. Countries will receive technical assistance through structured, targeted, dedicated and local training as well as through policy dialogue. The academy, hosted within the African Development Institute of the African Development Bank Group, will deepen…
Summary Magnitude of problem, slow progress makes it impossible for Ethiopia to meet deadline, say experts Ethiopia faces an uphill task to meet the UN deadline to abolish child labor by 2025, as millions of children still work in various sectors in the rugged, landlocked country located in the Horn of Africa. On the eve of World Day Against…
Summary The increased exports to the neighbouring country has forced the Tanzania Revenue Authority (TRA) to post its officials to Mombasa and Nairobi to facilitate pre-arrival clearance of goods Arusha. Tanzania exported goods worth $ 118.6 million in the first quarter (January to March) of this year, it was revealed on Wednesday.The increased exports to the neighbouring country has…
The National Basketball Association (NBA), Nigeria Office and its partners, Exxon Mobil Nigeria and Africare have organised a basketball clinic and mentoring sessions for secondary school students in Abuja to teach them the fundamentals of the slam and dunk game and also equipped the students with life skills for the future. The one-day programme held in Abuja, on Thursday,…
In the early 1700s, Great Britain reached a new milestone. After its people had invested plenty of research and resources into food production, their agricultural revolution resulted in a food surplus. As a result, the Brits needed to find innovative ways to process their swelling harvest. At the same time, Britain had massive supplies of cheap coal. And since there was…
There has been no change in control of Tenke Fungurume Mining, majority owner China Molybdenum has said, contradicting authorities in the Democratic Republic of the Congo who said a temporary administrator had taken control of one of the world’s largest cobalt and copper mines. The secretary-general of Congo’s state mining company Gecamines told Reuters on Thursday that a court-appointed…
As smartphones and internet technologies become increasingly accessible in Africa, the continent has become a lucrative market for the eCommerce industry. According to the numbers presented by StockApps.com, the African eCommerce market will reach annual revenue of $46.1 billion by 2025. Africa is shaping up to be the next hotbed for internet-based businesses. As smartphones and the internet become…
By Virusha SubbanPartner specialising in Customs and Trade, and Head of the Tax Practice, Baker McKenzie. Trade between China and Africa is growing. The General Administration of Customs of China recently noted that bilateral trade between China and Africa amounted to US$254.3 billion in 2021, an increase of 35.3% from 2020. In the first quarter of 2022, China’s Customs…
Summary Egypt has successfully launched a new satellite dubbed Nilesat 301 on the SpaceX rocket Falcon 9 from Florida. The launching and the separation of Egypt’s new satellite Nilesat 301 from the Space X Falcon 9 rocket was broadcasted live. The new satellite was successfully launched into space at 11:03 pm Cairo Local Time, and the first signal was…
South Africa will consider the adoption of more official languages as a way of recognising people who have historically been repressed in the country. Parliament’s Joint Constitutional Review Committee (JCRC) received a presentation this week on potentially amending the Constitution to recognise Khilovedu and Kiswahili as official languages in South Africa. Co-chairperson of the committee, Prof Mathole Motshekga, said…
(RTTNews) – Swedish audio streaming platform Spotify Technology S.A. said it aims to reach a billion users over the next eight years, by 2030, and $100 billion revenue annually in the next 10 years. In its first investor day since going public in 2018, in New York, the company said it expects high-margin returns from its expansion into podcasts…
The football World Cup 2022 is set to kick off at the end of this year. Fans are anticipating the African players who will or will not be playing for their nation in Qatar this year. Bettors are already frantically placing their bets on sites like Betway casino. #FeaturebyLihet – Amongst the lot who will miss out this year,…
Communications minister Khumbudzo Ntshavheni says South Africa is ready to launch its first communications satellite as part of a growing push to expand internet connectivity. Speaking at the World Telecommunication Development Conference on Wednesday (8 June), Ntshavheni said the satellite will address both media and broadband connectivity objectives. It will also help entrench the country’s ‘technology and data sovereignty’,…
Summary The number of Tanzanians living in exile remains unknown but some high profile names include former Presidential candidate Tundu Lissu and legislator Godbless Lema. Dar es Salaam. Minister for Home Affairs, Hamad Masauni has asked Tanzanians who left the country to seek refuge due their safety to come back because the country is safe He made the remarks…
BET announces the “BET Awards” 2022 nominees with Doja Cat leading the pack with six nominations. This year’s nominees reflect an abundance of creative expression and Black excellence across music, television, film, and sports. Hosted by Academy Award®-nominated and Golden Globe®-winning actress, writer, director, producer, and philanthropist Taraji P. Henson, “BET Awards” 2022 will air live on Monday, 27…
(Reuters) – Russian President Vladimir Putin will discuss the growing world food crisis with the chairman of the African Union on Friday and give him an “exhaustive” explanation of what is really happening with Ukrainian grain, the Kremlin said. Putin will meet Senegalese President Macky Sall, chairman of the AU, in Sochi later on Friday.
The continent’s beauty industry is expected to be worth $14 billion by the end of 2022 For beauty junkies living on the second-most populous continent, the wait is finally over. Last week, pop music sensation and style mogul Rihanna announced that she’ll finally begin selling her Fenty Beauty products in Africa. Here’s everything you need to know: What is Fenty Beauty?…
Summary Investment in Tanzania brings a much wider scale of benefits to the economy especially after the government reshuffled the investment sector Tanzania is one of the most attractive investment destinations LNG is one of Tanzania’s hot investment pockets Tanzania-Uganda are now oil economy partners Tanzania is one of the most attractive places for investors in Africa including East…
Summary According to the Energy and Water Utilities Regulatory Authority (EWURA), effective Wednesday, the retail price for petrol is Tsh2,994 ($1.28) from 3,303 ($1.42) per litre, diesel Tsh3,126 ($1.34) down from Tsh3,452 ($1.48) per litre, while kerosene prices remain unchanged. Tanzania has reduced the cost of fuel effective Wednesday following the Tsh100 billion ($43 million) fuel subsidy the government…
Convened by the UN Global Compact, Chief Executive Officers from across Africa announced the launch of the Africa Business Leaders Coalition (ABLC). The Coalition will provide a platform for African business leaders to have a unified private sector voice as they actively and meaningfully engage to work on the continent’s most pressing issues through an organized, forward-looking, principles-based approach. The…
As the developed world demands emissions cuts, African leaders are asking whether it is possible to industrialise on green energy alone In Hell’s Gate, a two-hour drive north of Nairobi, steam gushes out of the earth’s crust, generating a renewable form of energy that supplies almost half of Kenya’s current electricity needs. The steam is captured in miles of…
Summary The trophy is accompanied in the country by Brazilian footballer Juliano Belleti President Samia Suluhu Hassan has on Tuesday May 31, 2022 received the 2022 FIFA World Cup trophy at State House Dar es Salaam. The coveted Fifa World Cup trophy has arrived in Tanzania for the much-awaited, two-day tour. The trophy is on a world tour ahead…
The Nigerian Afrobeats singer Ayodeji Ibrahim Balogun popularly known as Wizkid has hit over one billion streams as a lead artist on Apple Music, making him the first African to achieve it. The artist hit 1.3 billion YouTube views, 1.16 billion Spotify Lead streams, and 4.6 billion Spotify total streams. He also has 349 million total Audiomack streams, 183…
President of the United Republic of Tanzania, Samia Suluhu Hassan, has said that no number of challenges should prevent Africa from going ahead with the African Continental Free Trade Area (AfCFTA), as the deal is the only hope of reviving economies in the region. She premised her comments on the fact that there is enormous opportunity for the continent…
Summary The project involves upgrading of the current 84km two-way single bitumen road to a two-lane dual carriage way, and is expected to ease access to the northern corridor by reducing time by about 26 percent and cost by 35 percent. Dr Adesina will inspect the Kenol-Sagana-Marua highway project, which is co-financed by AfDB to the tune of $191…
Rwanda is set to host the first-ever HealthTech Summit for Africa, bringing together players, and innovators in the healthcare sector to discuss and showcase the potential of healthtech on the continent. Organised by HealthTech Hub Africa– a Kigali based health-tech accelerator–the summit will take place from June 2 to 4, 2022, and it comes at a critical time when…
Summary The lobby reckons that the volatility in the exchange rate market has slowed dollar trading among lenders or interbank deals, further worsening the scarcity of the US currency. The shortage of dollars is triggering the emergence of parallel exchange rate that has seen lenders buying and selling well above the printed official rate, the manufacturers’ lobby has warned….
The African Business Roundtable (ABR), a group of visionary business leaders who saw very early the need for Africa to position itself well in the global market to attract investments to the continent, this year marks its third decade of existence. Founded with the primary objective of boosting the African private sector, the ABR has successfully positioned itself at the forefront…
Cape Town – UCT has announced that it will introduce Swahili from 2023, with the aim of launching it as a major subject in 2028. Swahili is a language spoken either as a mother tongue or as a second language on the East Coast of Africa and is used in more than 14 countries. The announcement was made by…
The 85-year-old pope has been undergoing treatment for knee pain, believed to be caused by a torn ligament. Pope Francis is set to make a grueling trip to two African countries in July despite knee problems that have forced him to use a cane and wheelchair in recent weeks. The Vatican issued a full program on Saturday for the…
Tech billionaire Elon Musk’s Starlink, the satellite Internet division of his rocket company SpaceX, has received the green light in the Philippines, Nigeria and Mozambique. Starlink satellite In a statement on Friday, the National Telecommunications Commission (NTC) said it has approved the registration of Starlink Internet Services Philippines Inc. as a value-added service (VAS) provider, reports CNN Philippines. “Starlink’s…
Summary After the announcement of Beatrice Nyamari as the new Managing Director of Tanzanian firm Smart Codes, The Citizen Business Week reporter had a follow up interview to get to know her. Who is Beatrice Nyamari? You spent over 15 years in senior leadership roles across Africa with global companies such as Coca-Cola, WPP, and Airtel Africa; tell us…
In Summary •She is planning to take a career break before she decides on her next move https://imasdk.googleapis.com/js/core/bridge3.517.2_en.html#goog_504759739 Ellen DeGeneres starts her ‘career pause’ in Africa TV star Ellen DeGeneres is planning to take a career break before she decides on her next move. The final episode of ‘The Ellen DeGeneres Show’ will air later this week, and Ellen…
Summary She explained that the construction of infrastructure requires time; from feasibility studies to finding funds for the projects – a herculean task to achieve within a year. Dar es Salaam. President Samia Suluhu Hassan on Wednesday May 25, received her Africa Road Builders–Babacar Ndiaye Trophy, during the African Development Bank (AfDB) Annual Meeting in Accra, Ghana. Speaking at…
One of Africa’s leader in electric vehicles and green technology – Agilitee has appointed the first female as Chief Executive Officer. Bonisile Roberts whose appointment takes effect from May 23, takes over from Dr Mandla Lamba who is the founder. He resigned from his post to remain as the Chairman of the Board. This, sure, is good news for…
Summary Tanzania’s economy shrunk from 6.8 percent growth to 4 percent after Covid-19, even though the country, unlike its neighbours, did not go on a lockdown and did not initially order compulsory mask wearing, nor tap into vaccines. President Samia Suluhu Hassan has defended her usage of loans from multilateral lenders, telling an audience in Accra that the institutions…
The $258.3 million Tanzanite or New Selander Bridge between the CBD and the high-end Oysterbay commercial and residential area was also built by the Magufuli administration. In East Africa’s major cities, the skyline is changing. From the ageing buildings, potholed roads and chaotic transport systems, a new order is emerging. New skyscrapers have sprouted and big-ticket transport infrastructure networks…
Mercedes-Benz aims to become a ‘dedicated pure-play luxury car company’ and will strategically target higher profitability by elevating its product portfolio and securing its place in the electric vehicle (EV) market. It’s a fascinating time for car manufacturers. With the global electric mobility movement well underway, the survival and success of any car brand will depend on its ability…
Dr Akinwumi Adesina President of the African Development bank (AfDB) group, says there is no need for Africa to beg other countries for food. He noted that there is no dignity for Africa, the continent known for its rich natural resources, youthful population and occupying about 20 percent of earth’s total land area to depend on others for food…
This is President Samia’s first official trip to West Africa since she was sworn in as president in March last year following the death of her predecessor John Pombe Magufuli. Her trip also comes as the continent discusses technology to boost energy investments and deal with the continual crisis of food shortage. The Bank’s theme this year is on…
Banana production in Tanzania yesterday got a major boost following the release of a high yielding variety called Tariban. The hybrid in four strains – Tariban 1, Tariban 2, Tariban 3 and Tariban 4, can yield between 25 and 35 tonnes of bananas per hectare per year. The variety which has been developed after many years of research is…
The decision came as the continent, a net importer of food, faces rising prices of products after the main suppliers—Ukraine and Russia—went to war earlier this year, disrupting production and supply to the global market. According to the Bank, Africa’s demand for food means that the continent faces a shortage of up to 30 million metric tonnes this year,…
The African Development Bank (AfDB) has approved a $1.5 billion emergency programme to alleviate the impact of worsening food insecurity due to the Ukraine war, its director said on Monday. About 20 million farmers on the continent will benefit from the fund as Africa faces a shortage of at least 30 million metric tonnes of food, especially wheat, maize,…
Mauritius, South Africa and Tunisia are Africa’s top three B2C E-commerce Markets . The two largest B2C e-commerce markets in the world, are China and the United States Mauritius remains by far the most prepared country for e-commerce in Sub-Saharan Africa, according to UNCTAD’s Business-to-Consumer (B2C) E-commerce Index 2020. The index scores 152 nations on their readiness for online shopping,…
Tycoon Mohammed Dewji says he is paying back to Tanzanian society for always standing by his side through offering basic and quality products at affordable prices Dar es Salaam. Business tycoon Mohammed Dewji has explained his focus on offering basic and quality products at affordable prices, saying it was a way to thank society for always being by his…
Panasonic Marketing Middle East & Africa (PMMAF) restated its commitment to MEA market expansion and consumer well-being at its regional convention held in Dubai, that unveiled the brand’s new global motto -‘Live Your Best’ The new slogan embodies Panasonic’s commitment to providing solutions that make life simpler, safer, healthier, and more enjoyable for the customers, helping them to live…
The French public and private sectors are expected to invest about $4.2 billion (Sh9.7 trillion) in various areas in Tanzania, including energy generation and distribution; transport and logistics; marine transport; water and sanitation, telecoms and health in the next five years Dar es Salaam. The French public and private commitment for Tanzania over the next five years will in total…
The Climate Overshoot Commission will design a response strategy if the global temperatures rise above 1.5 degrees Celsius Dr. Kalibata is one of the 16 members of the commission. – The President of AGRA, Dr. Agnes Kalibata, has been selected as one of 16 eminent members of the Climate Overshoot Commission. She joins former heads of government, national ministers,…
The global energy debate is shifting from oil and gas to green energy. This debate is being discussed across different levels and comes at a time when a number of African countries including Uganda, either exploring or developing oil resources. Paul Murungi spoke to Mahaman Laouan Gaya, a petrochemical engineer and former secretary general of the African Petroleum Producers’ Organisation on…
Despite being the world’s second most populated continent and having great potential, Africa remains a primarily unexplored beauty and cosmetics sector, with customers clamoring for quality goods tailored to their requirements Welcoming Fenty By Rihanna The African beauty and personal care business is predicted to grow by US$1.26 billion between 2021 and 2025. The sector is worth billions of…
American rapper Kendrick Lamar is in Ghana shooting a documentary for his just released album. Mr. Morale & the Big Steppers There are sights of him promoting his new album with a “trotro” (minibus) in Ghana, said the Diaspora Affairs Office of the President, Ghana, in a Facebook post on Monday.© Provided by Independent Online (IOL)WATCH AFRICA: Kendrick Lamar’s uses…
Elon Musk’s ties to China through his role as electric car brand Tesla’s biggest shareholder could add complexity to his bid to buy Twitter. Tesla Inc’s ambitions in China might give Beijing that leverage to pressure Twitter to silence human rights activists and other critics Elon Musk’s ties to China through his role as electric car brand Tesla’s biggest…
Mobile money services are connecting millions of unbanked and underbanked populations in the region to digital financial services The railways were to Europe what the smartphone is now to the Middle East and Africa (MEA). In the nineteenth and twentieth centuries, Europe experienced an economic and social revolution enabled by the ability of manufactured goods and people to travel…
Oil Water Separator Market Size, Share & Industry Analysis By Technology (Gravity, Sponge, Coalescing, Centrifuge, Other), By Industry Vertical (Oil and gas, Chemical, Food and Beverage, Water and Wastewater, Marine, Others) and Regional Forecast, 2022-2029 Comprehensive analyzes of the fastest-growing Oil Water Separator Market provide insights that help stakeholders identify opportunities and challenges. The markets of 2022 could be…
With the country’s ambitious 6,000MW green energy generation roadmap, if successful, President Samia Suluhu Hassan will make Tanzania one of Africa’s top renewable power-generating states, after South Africa and Morocco In spite of enormous hydrocarbon potential, Tanzania is planning to plug more than 6,000 megawatts of renewable power – more than its current total power capacity – into its…
A leader must be impactful for the greater good, according to leadership inspirational speaker, community leader and bank executive, Dr Betty Kwoko Mgimba. Speaking shortly after graduating at the UONGOZI Institute 5th Graduation Ceremony on 13th May 2022 in Dar es Salaam, she expressed gratitude for acquiring new leadership skills set from the institution that will enable her to…
Turkey’s policy on Africa is based on many different soft power elements such as trade relations, humanitarian aid, flight diplomacy, media, cultural diplomacy, education At the time of the establishment of the Republic of Turkey, the majority of African countries were under colonial rule. During this period, the newly established republic had domestic priorities such as economic development and…
The documentary was shot between August and September last year, and was screened in New York on April 18, Los Angeles on April 21, Arusha on April 28, Zanzibar on May 7, and Dar es Salaam on May 8. The choice of a US launch was deliberate as Tanzania is seeking high spenders looking for unique experiences such as…
AWARD winning Zimbabwean model Nyasha Matonhodze has been selected as the face of Rihanna’s Fenty Beauty Africa’s global launch. This comes after the Barbadian music star announced on Tuesday that she will be setting up Fenty Beauty and Skin stores in Zimbabwe, Botswana, Ghana, Kenya, Namibia, South Africa and Nigeria starting May 27. Several African socialites including Hillary Makaya…
Over 100 local firms have benefited from EU investments, and are involved in various areas, including agriculture, energy, logistics, trade facilitation, education, capacity building and good governance Over 150,000 Tanzanians have secured employment in firms which won investments from the European Union (EU). There are over 100 of them active in agriculture, energy, logistics, trade facilitation and education and…
Higher data costs for ordinary citizens and low digital literacy are argued to be factors standing between Africa and the digital economy, excellency The continent internet economy can reach $180 billion by 2025, accounting for 5.2 per cent of Africa’s GDP Africa’s access to the internet stands at 40 per cent, according to Google With more than 1.3 billion…
The second round will launch with business and financial training for more than 50 delegates Dar es Salaam: The Bloomberg Media Initiative Africa (BMIA) has today announced the second intake of its Financial Journalism Training (FJT) program in Tanzania, which will train journalists and media professionals in business and financial journalism, to bolster the country’s financial reporting industry. The…
African investment in the stock market has traditionally been reserved for a particular set of elite people Over the years, the continent’s FX market has been growing exponentially largely driven by the increased access to mobile devices and internet connections across the region While retail forex trading in Africa may only represent a small segment of the global currency…
African cities could be powerful engines of growth for the continent in the coming decades if policymakers strengthen their economic potential, new research has found. The report, titled Africa’s Urbanization Dynamics 2022: The Economic Power of Africa’s Cities, said urbanization presents immense opportunities to accelerate progress toward the realization of the 2063 development agenda and other major development goals…
(BUSINESS WIRE)–In its continuing effort to bring the UEFA Champions League (UCL) experience closer to more football fans around the world, Heineken has staged its most elaborate Trophy Tour in Africa yet. The 10-day tour, which ended on April 13 in Abuja, Nigeria, ahead of the 2022 final match on May 28, included several public events that featured the…
Official trade statistics show expenditure on goods trucked from Tanzania nearly doubled last year to Sh54.47 billion from Sh27.88 billion the year before. Tanzania has become the largest source market for Kenya on the continent after overtaking South Africa, partly on the back of increased orders of maize and rice by millers. Official trade statistics show expenditure on goods…
The undeniable Beauty of Zanzibar Zanzibar is the most famous island in Africa. The beaches are among the best on the continent, the underwater coral reef has the most bizarre colors, life is laid-back and there is plenty to do on the island itself. Did you know that Zanzibar is officially called Unguja and that the famous American singer…
The African continent is extensive, diverse, rich and holds numerous social aspects throughout its territory. From its historical, scientific and cultural contributions, Africa is still able to positively offer diverse experiences by presenting itself as a land of contrasts and also of great architectural monuments. Among them are historic African fortresses, which help us to refer to a very…
In the middle of the offensive in Ukraine, Russia and Cameroon signed a military agreement on April 12 for the exchange of information and training of troops, a type of deal that has become common in Africa and already exists in around 20 countries. Over the last decade, Moscow has extended its influence throughout the African continent based on…
Have you ever imagined a store where you can walk in, grab something and just leave? If you have, you’re either really invested in the future of shopping in South Africa, or you’re a thief. We’re hoping it’s the former. Shoprite has also been thinking about the future of shopping and has begun using AI and machine learning in…
There’s no road map when it comes to entrepreneurship. Even the most successful business leaders didn’t have the answers when they started their businesses. They were forced to figure it out. But you can increase your chances of success by learning from those who’ve stumbled and fallen and picked themselves back up. MD/CEO IBRA CONTRACTORS LIMITED (Tanzania), Maida Waziri:…
Ethically-founded Madagascan premium chocolate company MIA (Made In Africa) is delivering a claimed industry first in becoming the only bean-to-bar business operating in two countries within the region, under its ambitious plans expanding into Ghana, reports Neill Barston. As its owners explained to Confectionery Production, the move allows it to extend its impact and offer an additional unique range…
Kenya held a state funeral Friday for its third president, Mwai Kibaki, who died last week at the age of 90. Officials are hailing Kibaki for transforming Kenya’s economy and education. Kenyan President Uhuru Kenyatta led other African leaders and tens of thousands of Kenyans in paying last respects to Kibaki. “We are here not only to mourn an…
The Head of State states categorically that the government will increase public workers’ salaries in the not-too-distant future, and also outlines several measures being taken to ensure that retirees are paid their benefits without delay Dar es Salaam. President Samia Suluhu Hassan yesterday assured public sector workers that their salaries would be raised. She said, however, that the extent…
Eighteen members of the East African Legislative Assembly Committee on Regional Affairs and Conflict Resolution are currently in Addis Ababa, Ethiopia for a five-day benchmarking visit to the African Union Commission (AUC). The overall objective of the visit is to interact with AUC Stakeholders involved in Peace and Security, and Political Affairs as well as acquaint themselves with operationalization…
Inter-African migration is being driven by a rise in demand for skilled and semi-skilled workers in different economic sectors Because emigrants bring with them more than just economic needs from their home countries, migration is a trade stimulant in and of itself For migrants who contribute to upskilling, movement within the continent results in better-paying, more stable employment Migration…
By Anthony Muchoki Emilio Stanley Kibaki was born early in the morning of November 15, 1931. Named Mwai after his uncle from the mother’s side, his parents, John Githinji Kibaki and Teresia Wanjiku, had seven other children who, like all the others in the village, would help hew wood, till the garden, milk the cows and take them out…
The bank’s total assets also rose by 4.1% United Bank for Africa (UBA) Plc has released its unaudited results for the first quarter ended March 31st, 2022, recording impressive growth across its income lines. The bank’s result which was released to the Nigerian Stock Exchange on Tuesday showed that gross earnings rose by 18.3% from $370mln (N155.4bln) in 2021 to $437mln…
A report evaluating the work of AGRA in Ghana has commended the organization for its contribution to improving agriculture in the country. The report by US-based data science company Mathematica, assessed the impact of AGRA’s Partnership for Inclusive Agricultural Transformation in Africa (PIATA) initiative. It concluded that the public policy environment for agricultural development has been enhanced as a result…
More than half of the dollar millionaires (1300) reside in the commercial capital Dar es Salaam as the city was ranked 12th richest, with total private citizens wealth of $24 billion (Sh55 trillion). Tanzania is home to East Africa’s only dollar billionaire, this is according to the latest report by research firm New World Wealth and Henley & Partners which…
Tanzania was ranked seventh again in terms of those with a net worth of $10 million (Sh23 billion) or more. Tanzania has 80 such individuals, behind Ghana (120) Morocco (220) Kenya (340) Nigeria (510), Egypt (880) and South Africa (2,080). Tanzania has been ranked seventh in terms of the number of dollar millionaires, according to a report by research…
The government has instituted electronic, digitally verifiable Covid-19 laboratory test results and vaccine certificates that would facilitate smoother and hassle-free travel. The health ministry’s executive director Ben Nangombe yesterday said the government has partnered with the African Union and the Pana Bios Consortium to introduce trusted travel and trusted vaccines technology platforms. He explained that the new technological innovation…
In Africa, rice is a staple food. But its people rely heavily on imported rice from Asia that is of superior quality. Of recent, however, there have been moves to upgrade milling technology to enable the processing of local rice so it can compete with imported variants. Rice is third most important cereal crop in the world after maize…
The Russia-Ukraine war has disrupted wheat exports, driving wheat prices up by 60% in Africa, the president of the African Development Bank (AfDB) said Tuesday, warning that the continent will lose up to $11 billion worth of food due to the conflict. “Already, the price of wheat has gone up about 60%. Maize and other grains will also be…
Edson Gidion Baraukwa, +255745358243 | gideonedson@gmail.com From witnessing the Northern Lights to snorkelling in Bora Bora, here’s some of the very best experiences to add to your bucket list. From seeking out adventure to getting up close and personal with a range of wild animals to taking on an epic journey, travel bucket list experiences have become ever more…
TANZANIA continues to reap the fruits of empowering women after attaining the honor to have a delegate listed in the list of top 100 Women CEOs in Africa for 2021. Founder of Women in Management (WIMA), Naike Moshi has been announced in the second list of top 100 Women CEO’s in Africa. The list was announced recently by the…
Business Insider Africa presents 20 African countries with the best electricity access. This list is courtesy of Tracking SDG7: The Energy Progress Report, a global dashboard dedicated to registering progress on energy access. electricity access simply entails the percentage of people, within a given location or country, who have stable access to electricity. Poor electricity access is one of the…
After receiving approval from the Kenya Institute of Curriculum Development, Kodris Africa, an online publishing company that focuses in preparing learners with 21st-century skills, will offer the syllabus. The government of Kenya has approved the coding curriculum to be learnt by secondary and primary school students that will teach coding to young learners. Kenya will be the first African…
Agenda 2063 is the African Union’s long-term framework for socio-economic development, regional integration and the preservation of history and culture. The agenda has 15 flagship projects. These have been identified as necessary for meeting the continent’s aspirations. They are wide-ranging and include constructing a network of high-speed trains; ending violence and creating continental financial institutions. But, in my view, the core…
By Edson Baraukwa | gideonedson@gmail.com There are eight types of baobab trees in the world, of which six are in Madagascar, one in Australia and one on mainland Africa. The species found in Tanzania is Adansonia digitata, the largest of all eight. One of the best parks in the north to see them is the Tarangire National Park. I like…
The region is slowly morphing into the new ‘Middle East’ in regard to oil and gas. But this will entirely depend on how well East Africa can diversify her economies on the back of the resources. South Sudan, Kenya and Uganda hold the region’s 10.8 billion barrels, with more barrels expected during exploration of new blocks, according to a…
As the foundation of the food sector, fertilizer is responsible for half of the world’s food production, according to analysts. The International Fertilizer Association (IFA) says fertilizer feed about 50 per cent of the world’s population which amounts to around 20 billion meals per day. It provides almost one million jobs in production around the world. Behind this phenomenal…
Africa has the lowest number of internet connections, but has the largest potential for progress, imagine life without the internet and telecommunications. Until the internet entered many African countries, communications was a nightmare. When digital communications emerged, life began to improve as it became easier to communicate. And the internet became a leveler or so it seemed as it…
GOOGLE’S first product development centre in Africa, to be located in Kenya, is anticipated to create transformative products and services for the continent and people around the world. It is hiring engineers, product managers, user experience designers and researchers to lay the foundation for significant growth. “Google’s mission in Africa is to make the internet helpful to Africans and…
Nairobi, Kenya – AGRA has announced the opening of applications for the second cohort for the Centre for African Leaders in Agriculture (CALA)’s Advanced Leadership Programme. Designed for rising stars and established executives from across Africa’s agriculture sector in government, the private sector, and civil society, the programme is the continent’s premier leadership programme tailored for developing leaders to…
Throughout his musical career, Aliaune Thiam — known as Akon to the world at large — has been dedicated to making life better on the African continent. Back in 2015, he told The Guardian that the reason for his dedication to African causes was because the charities that are currently on the continent don’t always help the people they claim to help. “One…
Mr Ramathan Ggoobi, the Ministry of Finance permanent secretary (Left) stands next to oil drilling conductor pipes in the KingFisher oilfield during a tour of the oil facilities in the Albertine Graben recently. PHOTO/Paul Murungi By Paul Murungi What you need to know: East Africa rising. The East African region is slowly morphing into the new ‘Middle East’ in regard…
Yoox-owned label 8 by Yoox has revealed its new project, Tales by Africa, dedicated to artisanal and African culture and will include capsules created by six designers from the African continent. Set to become available from the beginning of May, the collections include ready-to-wear pieces, bags, accessories and footwear. Each of the designers have focused on one tradition from…