Friday, July 19, 2019

Tanzania: Acacia Seek S Stay of International Arbitration

PichaACACIA Mining said yesterday it was seeking a stay of international arbitration proceedings, days before a hearing was due to start and two days before a deadline for a buyout proposal by Barrick Gold Corp.
The gold miner has been fighting a bid by majority shareholder Barrick, which Acacia says undervalues it. The deadline for a firm bid from Barrick, which holds ...

Tanzania: World Bank Contradicts Tanzania's Economic Growth Estimates

Dar es Salaam — The World Bank today said Tanzania's economy grew by 5.2 per cent in 2018, contradicting the 7 per cent growth figure announced by the government of Tanzania in June 2019.
The Bretton Wood institution also forecast 2019 growth at 5.4 per cent against the government's

Tanzania: Three More New Aircraft Coming, Magufuli Reveals

Photo: Daily News

Air Tanzania Company Limited (ATCL) plane.
Dar es Salaam — President John Magufuli yesterday said the government will purchase three more aircraft for the...

Xi meets Chinese diplomatic envoys to foreign countries

Chinese President Xi Jinping (C, front row) in a group photo with diplomats.
President Xi Jinping on Wednesday met with Chinese diplomatic envoys to foreign countries, who are in Beijing to attend a work conference for overseas envoys.

South Africa corruption inquiry 'irrational'


The lawyer for Jacob Zuma made the announcement that the former South African president would

EAC business leaders decry slow uptake of technology

Local business leaders have decried the low level of penetration and application of ICT among the business community across the East African Community (EAC) saying that this was among the major impediments to doing business in the region.

The coding behind success of African tech start-ups



    • Google has been equipping tech start-ups with skills and right tools.
    • The thinking at Google, Jola Aderemi-Makinde, the head of brand and reputation in Africa said, is that the company wants an Africa that builds its own tech solutions.
    • The tech giant has so far trained 35 start-ups, all at different stages of growth, and is looking to mentor about 60 of them and reach 100,000 developers.