The Bill & Melinda Gates Foundation will give $40 million, including to a Belgian biotech company and two leading African vaccine manufacturers, in a bid to boost access to mRNA vaccines for protection against various diseases in Africa. Nivelles-based Quantoom Biosciences will get $20 million to advance work on its mRNA manufacturing platform, while the Institut Pasteur de Dakar…
The International Monetary Fund (IMF) Deputy Managing Director Bo Li has concluded his visit to Tanzania with a firm commitment towards supporting the country’s efforts in unlocking its development potential. Mr Bo applauded the Tanzanian authorities’ efforts in implementing the country’s economic reform agenda. “I commended the authorities’ commitment to preserving Tanzania’s macroeconomic stability in a challenging global environment,”…
Africa Business Weekly on CNBC Africa brings you the most impactful business stories across sub-Saharan Africa every week. From the capital markets to economic news affecting the regions from East, West ad Southern Africa, we will speak to the major newsmakers from across the sub-Saharan Africa region to get exciting and unique angles to the stories shaping the continent.
The Bank of Tanzania (BoT) has issued new directives aimed at controlling foreign exchange trading in the country a directive that comes at a time when several African countries are struggling with the dollar shortage including Kenya The directive was issued by BoT Governor Emmanuel Tutuba and takes effect from today, Thursday, June 1, 2023. The new controls impact…
International Energy Companies (IEC) that are involved in negotiations with the government of Tanzania on the LNG project have said that there has been a breakthrough in talks between the two sides. In his social media post, Jared Kuehl, Shell’s Vice President for Tanzania and Country Chair, said the energy companies (IEC) have concluded the negotiations with the government…
Summary Key development projects to be executed include expanding irrigation infrastructure to stimulate agricultural productivity and economic growth Dar es Salaam. The government will spend Sh198 billion more on agriculture development projects in the next financial year after increasing its total budget for the sector to Sh970 billion. Key development projects to be executed include expanding irrigation infrastructure to…