The leadership of Ethiopian Airlines has opened up on the controversy over the Nigerian Air initiative of the past administration of Former President Muhammadu Buhari. POLITICS NIGERIA recalls that the former Minister of Aviation, Senator Hadi Sirika, had floated the airline on May 27. However, it was later discovered that an aircraft belonging to Ethiopian Airlines was used to…
With the new Renault Group modular platform, the carmaker aims to build cars between four and five metres in length with various powertrains. French carmaker Renault has announced that it will invest €3 billion (over Rs 26,000 crore to launch eight new models outside Europe for global markets by 2027. Out of these eight, five will be from the…
The citrus seeds market has experienced a remarkable surge in recent years, driven by growing demand for citrus fruits and their derivatives. These tiny powerhouses, loaded with essential nutrients and antioxidants, have gained popularity in the health and wellness industry. The market for citrus seeds worldwide was projected to reach US$ 4.32 billion in 2022. Sales are expected to reach US$ 8.9 billion…
The World Bank has blamed the re-emergence of parallel currency exchange market in Nigeria on resistance toward the increasing pressure on the naira and the limited supply of forex at the official window. The Bank, in a report released on Wednesday in Washington DC, said the premium between the parallel exchange rate and the official rate widened from March…
・Business Insider Africa presents the top 10 most rewarding African countries to do business in 2023. ・This list is derived from Oxford Economics Africa’s report titled “The Africa Risk-Reward Index.” ・The research is based on the assessment of 3 major factors. Businesses have the option to go beyond national boundaries for new markets and investment opportunities in today’s globally…
OVER the years, Türkiye’s role in the African continent has increased consistently. This has been translated into stronger ties between Türkiye and Africa. Turkiye’s policies toward Africa evolve within the framework of a win-win policy and are mainly driven by economic, humanitarian, and security dimensions. Furthermore, Türkiye has emphasised the fact that the principles of equal partnership and mutual…
・AFRAC Summit in Nairobi, Kenya initiates discussions on creating a borderless trade zone in Africa. ・Kenya’s Ministry of Investment, Trade, and Industry seeks solutions to expand African industry beyond its current 3% global share. ・Kenya’s investment and export goals include raising manufacturing GDP contribution and increasing exports to 30% of GDP by 2025 Discussions to establish Africa as a…
The Chinese company Huawei Technologies announced its $430 million five-year investment plan, named “Intelligent Future,” for boosting smart transformation in North Africa, according to President of Huawei Northern Africa Terry He. The plan allocates $200 million for building the company’s first cloud center in North Africa, which will provide over 200 cloud computing services. Intelligent Future will also invest $200 million…
More torque and road-focused handling characteristics seem to be in the pipeline. Honda is anticipated to roll out major updates to its flagship adventure bike, the CRF 1100 Africa Twin, for the 2024 model-year. Reports suggest that the new and updated Africa Twin will sport refinements to the engine, chassis, and overall setup, appearing to cater to more road-focused…
Fresh from the successes of the AGRF Summit in Dar es Salaam, President Dr. Samia Suluhu Hassan is pivoting Tanzania towards a transformative chapter in its blue economy. Minister for Livestock and Fisheries, Abdalla Ulega, elaborated on this ambitious project, underscoring Tanzania’s commitment to food system reform and development. President Dr. Samia is leading the East African food powerhouse…
Pakistan High Commissioner to Tanzania Siraj Ahmad Khan says his country’s priority is to boost trade volume between the two countries through bilateral trade Dar es Salaam. The government of Pakistan is targeting to increase trade with Tanzania from $224 million to more than $400 million in the next two years. Pakistan High Commissioner to Tanzania Siraj Ahmad Khan…
By Clifton Movirongo. The Namibia Oil and Gas Conference, coordinated by the Economic Association of Namibia (EAN), the Namibia Investment Promotion and Development Board, and the Hanns Seidel Foundation, was officially launched on Tuesday in Windhoek and will take place on 16 and 17 August. The conference’s primary goal is to create a platform for a large-scale public consultation,…
This programme shares its priorities and goals with the file of post-conflict reconstruction and development, whose leadership was supervised at the level of the African continent President Abdel Fattah Al-Sisi has stressed that the African continent has to continue its efforts to mobilize financial resources in priority areas, especially infrastructure development, within the framework of the African Infrastructure Development…
Carbon offsets are intended to mitigate the effects of climate change, and Tanzania is on the verge of a new age, one in which the carbon market can provide major benefits to the environment, local people, and the National Treasury Dar es Salaam. Producing and selling carbon offsets is finally becoming a lucrative business in Tanzania, with the government…
There are many advantage for bartering of goods with Africa, the chairman of the Iran-Iraq Joint Chamber of Commerce said, adding that Iran should seize it as an opportunity to spur trade with the continent. Countries enjoy high capability of producing goods and can use bartering deals to supply goods as they need, Yahya Al-e Es’hagh emphasized. Speaking in…
According to the most recent data from Tanzania’s central bank, Tanzanian coal exports experienced a seven-fold increase in the year to March as a result of the strong demand brought on by Europe’s energy crisis as a result of Russia’s invasion of Ukraine. In September 2022, Business Insider Africa reported that the rise in demand for coal is a…
Summary The firm announced on Monday that its gross profit jumped by 16.2 percent to Sh69.2 billion in 2022 from Sh59.6 billion in 2021 Dar es Salaam. Tanzania Cigarette Public Limited Company (TCC Plc) has increased its dividend for shareholders by 23 percent after the company braved challenges to register double-digit growth in profitability. The firm said yesterday that its…
By Anthony Muchoki Dr. Agnes M. Kalibata, President of AGRA, has commended the Tanzanian government for taking a significant step towards enabling youth to participate in food system transformation. A strong advocate for youth empowerment in agricuture, Dr Kalibata believes that “the younger generation needs to have productive, meaningful lives. Let’s give them the technologies and opportunity to be…
A recently published market study by Future Market Insights (FMI) on the Potassium Sulfate market integrates the global industry analysis for 2014-2021 and market opportunity assessment for the forecast period of 2022-2029. The market study divulges fundamental insights and provides an in-depth market analysis for the historical as well as forecast period. As per the market valuation in the report, the…
Nakuru, Kenya As the world prepares to celebrate the International Day of Women and Girls in Science, Coca-Cola Beverages Africa (CCBA) has amplified its commitment to empowering women and girls in STEM. Recognizing the importance of closing the gender gap in STEM, CCBA is taking action to promote the advancement of women in science. The company General Manager of…
Summary Top EAC exports to Africa included precious stones, coffee, tea, cement, animal fats, mineral oils and iron and steel. Exports from the East African Community (EAC) bloc to Africa soared to $7.9 billion in 2021 in spite of Covid-19 impact. They comprised 42 percent share of the region’s total exports of goods to the world which was $18.7…
*50 Potential Outcomes for Tanzania The AGRF Food Systems Forum will take place in Tanzania in 2023. John Muchoki and John Beda will examine the potential outcomes of the Summit on agriculture in Tanzania, building on the efforts made by various stakeholders to improve the sector. The Summit seeks to advance the progress of the Malabo Declaration and prioritize…
Tanzania will host the AGRF 2023 Summit, the announcement was made by Her Excellency Samia Suluhu Hassan, the president of the United Republic of Tanzania and H.E Hailemariam Dessalegn, the Chair of the AGRF Partners Group on the sidelines of the U.S. Africa Leaders’ Summit currently taking place in Washington, DC. The AGRF, Africa’s Food Systems Forum, is the…
We are excited to announce that SWAHILIES has raised $50,000 in pre-seed funding from The Baobab Network, an accelerator that backs early-stage technology startups in Africa, providing entrepreneurs with funding, support and a global platform to scale their businesses. The Baobab Network has been very supportive of us during the acceleration program and even beyond. We are super excited to be with them on this journey….
THE horticulture industry champion has showered praise to President Samia Suluhu Hassan for unlocking the strategic Chinese avocado market worth nearly 150 million US dollars (about 347.3bn/-) per annum. Courtesy of President Samia’s diplomatic agreement with her Chinese counterpart, Xi Jinping, during her maiden state visit, Tanzania and China signed a protocol on sanitary and phytosanitary (SPS) measures to…
Dar es Salaam. Business stakeholders and analysts yesterday pointed out possible factors over why multinational retailers are closing shop in Tanzania. In the recent past, Tanzania has witnessed a number of supermarkets shutting down, with the latest one in the list being Game Stores, whose closure will adversely affect over 100 direct and indirect jobs. The exit of Game…