Tanzania’s Borrowing Capacity Sustainable: Finance Minister
(3 Minutes Read)
According to data from the Bank of Tanzania (BoT), as of December 2023, Tanzania’s national debt was USD 41.7 billion (Sh120 trillion),...
Bamboo Cultivation: A Game Changer for Tanzania
(3 Minutes Read)
Bamboo and its products have a total global market of US$7 billion. Bamboo has high demand in China and other countries where...
USD 92 mn AfDB funding for Railway Linking Project in Tanzania
(3 Minutes Read)
The Tanzanian government recently signed a USD 91.76 million financing agreement with the African Development Bank (AfDB) to kickstart the construction of...
Whooping USD 35 bn UAE Investment in Egypt
(3 Minutes Read)
The United Arab Emirates has pledged to invest USD 35 billion in Egypt, marking a significant breakthrough for Cairo in its...
Free trade zone to boost bilateral trade between Algeria and Mauritania
(3 Minutes Read)
Algeria and Mauritania have launched a free trade zone project located in the Algerian westernmost province of Tindouf, near the border....
Global cocoa prices skyrocket as yield drops further in the continent
(3 Minutes Read) (Global)
Cocoa prices have reached unprecedented heights in the international market as yield drops in Ghana and Côte d'Ivoire, with economists...
Lagos to introduce three-day working week as Nigeria battles its worst economic crisis
(3 Minutes Read)
Many Nigerian workers are struggling to afford daily transport to work across the major cities including its commercial capital, Lagos. The...
South Africa: More Taxes on Tobacco and Alcohol
(3 Minutes Read)
South Africa's Finance Minister Enoch Godongwana proposed to increase governmental revenue by imposing more taxes on tobacco and alcoholic beverages. These...
Kenya Airways in Profit Despite Currency Erosion
(3 Minutes Read)
The Treasury has now cleared more than half of Kenya Airways' guaranteed debt with a fresh Sh6.9 billion payment in the quarter...
Kenya Power Posts Profits on Increased Sales
(3 Minutes Read)
Revenue from electricity sales increased by 31.3% from Sh86.67 billion to Sh113.55 billion. The Nairobi Securities Exchange-listed firm said it has 225,000...
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