April–September sales surged 8.3% year-on-year, thanks to strong demand and improved supply chains. Toyota Motor Corp’s global sales climbed 8.3% in April to September from a year earlier to a record 5,596,183 vehicles, putting the world’s biggest carmaker on track for another year of strong gains thanks to robust demand and improving supply conditions. Global production in the fiscal…
The Belt and Road Initiative (BRI) marks its 10th anniversary this year since it was proposed by H.E.President Xi Jinping of China in 2013. The BRI aimed at opening up new solid and strong economic partnership between China and other countries, especially developing nations. The BRI is a symbolic commitment of China to help the countries along the Silk…
RADISSON Hotel Group has signed seven new hotels, adding over 1400 rooms to its African portfolio. This as the company continues its ambitious growth in the continent. The new hotels expand the group’s brands, spanning from upscale to premium luxury lifestyle with a new market entry in Gambia and the introduction of new brands in key markets with the…
Tanzania aims to launch its 5th oil and gas licensing round by the end of 2023 in a move designed to revive interest in its largely dormant exploration and production sector. After a blitz of offshore exploration, largely by Shell and Equinor, in the years to 2018, the focus point of the few oil companies that remain in Tanzania…
With the help of RwandAir and Africa Global Logistics (formerly Bolloré Africa Logistics), Qatar Airways plans to strengthen its cargo business on the continent. With the help of RwandAir and Africa Global Logistics (formerly Bolloré Africa Logistics), Qatar Airways plans to strengthen its cargo business on the continent. Cargo flights between Doha and Kigali are not very frequent. There…
South Africa with 605,097 tons worth $317.57 million was Iran’s main trade partner in the African continent during the period. It was followed by Mozambique with 394.3 tons worth $189.17 million and Ghana with 313,433 tons worth $164.65 million. Data released by the Islamic Republic of Iran Customs Administration show Iran exported 2.37 million tons of goods worth $1.15…
THE maiden visit of US Vice-President Kamala Harris to Tanzania is expected to bolster bilateral ties between the two countries and promote a number of areas for cooperation, pundits have forecasted. Ms Harris and her delegation will visit three African countries – Tanzania, Ghana and Zambia from 25 March to 2 April to discuss regional and global priorities, including…
Summary India is one of Tanzania’s biggest trading partners, with data from the Indian High Commission in Dar es Salaam putting the value of trade between the countries at $4.5 billion (about Sh10.4 trillion) during the year ending March 2022 Dar es Salaam. Tanzania and India have agreed on an arrangement that will no longer make the US dollar…
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…
Summary Tanzania has seen a boost in coal exports, specifically to European countries as the West tries to grapple with the energy attrition and cost burden heightened by Russia’s invasion of Ukraine. Russia is Europe’s biggest energy supplier. However, as COP27 nears, discourse on protecting the environment has become more ubiquitous, with European countries taking on the mandate as…