digital-economy
What you need to know:
- Businesses are encouraged to invest in employee skill development and foster a culture of innovation to support Tanzania’s journey towards becoming a digital hub
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Zanzibar Social Security Fund
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Sunday, April 28, 2024
Business leaders chart course for Tanzania’s digital economy
digital-economy
Absa feels pinch as weak shilling inflates debt load by Sh4 billion
Absa Bank along Muindi Mbingu Street in Nairobi. FILE PHOTO | EVANS HABIL | NMG
The weakening of the shilling lifted Absa Bank Kenya’s debt load by Sh4.2 billion to Sh24.02 billion in the 12 months to December 2023, despite the lender not making new foreign currency borrowings in the period.
South Sudan auditor flags spending of IMF funds
South Sudan President, Salva Kiir. PHOTO | COURTESY
What you need to know:
- The funding was part of the emergency funding through the IMF’s Rapid Credit Facility-Food Shock Window (RCF-FSW) received in January 2023
Why Absa Bank was named top employer in Kenya and Africa
Sponsored by Absa Group
Absa Bank Kenya’s Chief People Officer Mumbi Kahindo with Samuel Ngotho.
Photo credit: Courtesy
The legendary management guru Peter Drucker once said, “Culture eats strategy for breakfast”. His often-quoted observation was probably borne out of the realisation that there is little that an
We must defend the freedom we need if we’re to thrive as citizens
2021 Nobel Prize winner Abdulrazak Gurnah. FILE PHOTO | POOL
As I said, I got to see Prof Abdulrazak Gurnah from a distance as I attended the rather gorgeous 2024 Tuzo Ya Taifa Ya Mwalimu Nyerere Ya Uandishi Bunifu. I am always seduced by a good session where Africans celebrate themselves — we just party so well.
Bangladesh, Taiwan have done it and saved lives; so, too, should East Africa
Kenya’s capital Nairobi has just been disabled by record floods, forcing some roads to be closed.
It is turning out to be the year from hell, in terms of climate disasters for
Why Turkey, Atmis jostle for control of Mogadishu Port
Turkish Navy Ship F514 docks at the Mogadishu Sea Port following the signing of a defense and economic agreement between Somalia and Turkey in Mogadishu, Somalia on April 23, 2024. PHOTO | REUTERS
The African Union peacekeepers in Somalia say they will not cede the security of the strategic commercial infrastructure yet, even as they hand over more responsibilities to the Somali National Army. The Mogadishu seaport remains key to securing the
Drought-stricken Zambia turns to Uganda for 0.5m tonnes of maize
Warehouse grain in Africa with food for people during the food crisis for Ukraine war. PHOTO | SHUTTERSTOCK
Lusaka banned the exports of maize grain and flour in February, following a prolonged dry spell that has adversely impacted the production of the crop in 84 out of the country’s 116 districts
East Africa is set for higher growth rate due to its diversified economies
Wenjie Chen, the Deputy Division Chief of Regional Studies in the IMF African Department
The International Monetary Fund’s deputy division chief in the Africa Department spoke to Julians Amboko and shed light on its forecast for East Africa and policies that are likely to turn around African economies.
Somalia rising as source of remittances for Kenya and Uganda
A section of the attendees at the Invest Somalia Conference & Expo 2024 in Mogadishu. PHOTO | CHRIS OMULANDO | NMG
Somalia has emerged as a new source of remittances for Kenya and Uganda, accounting for $180 million and $21.9 million respectively per year, diplomatic sources say.
Uganda’s fight against cattle raiders dividing Karamoja people
A family plant groundnuts in Kachinga, Karamoja, Uganda. Natural disasters, locusts, armyworms, and raids by heavily armed cattle thieves have for decades battered the region. PHOTO | POOL
In the Karamoja region of north-eastern Uganda, a four-year outbreak of violent raids for livestock is finally subsiding – the result of a ruthless, informer-driven disarmament campaign by the army.
Yanga fans rejoice as Mamelodi Sundowns exit CAF Champions League
The jubilation among Yanga fans stems from their disheartening quarter-final loss to Mamelodi Sundowns, where a legitimate goal by Stephane Aziz Ki was controversially disallowed. PHOTO | COURTESY
What you need to know:
- The jubilation among Yanga fans stems from their disheartening quarter-final loss to Mamelodi Sundowns, where a legitimate goal by Stephane Aziz Ki was controversially disallowed
Vodacom hit with $1 million demand notice for allegedly facilitating Kabendera’s abduction
Journalist Erick Kabendera is escorted by police officers at the Kisutu Resident Magistrate’s Court in Dar es Salaam. PHOTO| FILE
What you need to know:
- Mr Kabendera, who engaged in investigative journalism through his lawyer Peter Madeleka, has written a letter demanding the company pay $1 million (over Sh2.5 billion) in compensation.
Coca-cola Kwanza, Oryx join forces to empower over 1,400 food vendors in Zanzibar
Zanzibar: A group of more than 1,400 women in Unguja and Pemba have graduated from an economic inclusion programme, called Mwanamke Shujaa, supported by Coca-Cola Kwanza.
Tanzania, Somalia broaden ties
DAR ES SALAAM: PRESIDENT Samia Suluhu Hassan and her Somali counterpart Hassan Sheikh Mohamud have reaffirmed their commitment to bolstering relations between their nations.
Saturday, April 27, 2024
Unity in diversity: Celebrating the contributions of Indian Diaspora
. Photo: Courtesy of India High Commission.
Minister for Natural Resources and Tourism Angellah Kairuki visits India-Tanzania friendship exhibition at the National Museum in Dar es Salaam recently.
By Guardian Reporter , The Guardian
On April 26th each year, Tanzania erupts in joyous celebrations, marking Union Day, a momentous occasion commemorating the merger of Tanganyika and Zanzibar. Yet, beyond its mere historical significance, the day serves as a poignant reminder of the profound values embedded in the Tanzanian spirit – values of inclusivity,
Kenya flood death toll hits 76
Residents of Mathare slum stand next to the body of an elderly woman who died after her house flooded following heavy down pour in the capital, Nairobi on April 24, 2024. PHOTO | AFP
What you need to know:
- Kenya and its East African neighbours have been battered by stronger than usual rain in recent weeks, compounded by the El Nino weather pattern.
Russia hits Ukrainian energy sites in 'massive' overnight attack
Ukraine's power plants are regularly targeted by Russian strikes. In this photo provided by Ukrainian Prime Minister Denys Shmyhal’s Telegram channel, smoke and fire rise over the Dnipro hydroelectric power plant after Russian attacks on March 22, 2024. PHOTO | COURTESY
What you need to know:
- Moscow has launched some of its largest ever strikes on Ukraine's energy facilities in recent months, knocking out a significant chunk of production, and triggering blackouts and energy rationing across the country.
Sudan demands emergency UN meeting on UAE 'aggression'
Sudan's regular army chief, Abdel Fattah al-Burhan. PHOTO | COURTESY
What you need to know:
- For months the regular army has accused the United Arab Emirates of supporting the RSF, a charge the UAE denies.
Magufuli Terminal faces uncertainty as Morogoro road thrives with bus stations
What you need to know:
- The Magufuli Bus Terminal's fate is unknown, and although some support for expansion, others doubt its significance in the changing transportation sector.
Spreading Tanzania’s wings beyond borders
DAR ES SALAAM: DIPLOMACY is the pillar of international relations, serving as a peaceful alternative to armed conflict, and in this regard, Tanzania has made significant diplomatic strides in the past 60 years.
Tanzania promises to support Somalia in security
DAR ES SALAAM: Tanzania has pledged to continue supporting Somalia in various areas, including defense and security, to ensure sustainable peace in the new Eastern African member state.
President Samia Suluhu Hassan made the promise earlier on Saturday after meeting her Somali counterpart, Hassan Sheikh Mohamud, at the State House in Dar es Salaam.
The Somali Head of State is in the country for a one-day state visit.
Briefing reporters, Tanzania’s Samia Suluhu Hassan said her government is ready to provide training to Somalis in defense and other areas, including health and education.
ALSO READ: Mgunda yearns to dethrone JKT Queens
Apart from security, Dr. Samia said the two countries have embarked on a journey to strengthen cooperation in the health and education sectors.
On his part, the President of Somalia, Hassan Sheikh Mohamud, thanked the Tanzanian government for standing by them during difficult times.
He mentioned that the arms embargo against Somalia has been lifted due to his country’s good track record in reducing its national debt.
Mohamud’s visit to Tanzania marks his first visit to the country and the first visit since Somalia joined the East African Community (EAC).
He was among seven heads of state who attended the 60th-anniversary celebration of the Union held in Dar es Salaam.
TADB, Airtel partner to reform farming sector
Photo Correspondent James Kandoya
Airtel Tanzania's Director General Dinesh Balsingh and TADB Managing Director Frank Nyabundege sign MoU to boost agriculture.
By James Kandoya , The Guardian
TANZANIA Agricultural Development Bank (TADB) and AIRTEL Tanzania have forged a groundbreaking three-year partnership to bolster and revolutionize agricultural sector productivity, paving the way for unprecedented growth and prosperity in the industry.
Afreximbank conquers ‘infrastructure finance deal of the year award’ following Tanzania loan
Courtesy of Afreximbank.
Afreximbank wins multiple awards in 2024.
By Guardian Reporter , The Guardian
TANZANIA’S US$1.76 billion loan from the African Export-Import Bank (Afreximbank) in June last year, has paved the way for the bank to clinch the prestigious ‘Infrastructure Finance Deal of the Year’ award.
Kenyan farmers get $2 million fertilizer boost
Photo: File
Representatives from AfDB, AFFM, Norway, and Apollo Agriculture launch the Sustainable Agriculture Management Project in Nairobi yesterday. Photo: Courtesy of AfDB
By Guardian Reporter , The Guardian
IN a significant step to advance food security in Kenya, the Africa Fertilizer Financing Mechanism, has launched a project that will help deliver nearly 8,000 tons of fertilizers to 100,000 smallholder farmers, boosting harvests and incomes.
Nigeria revokes 924 dormant mining titles, seeks new investors
A view shows the Bonny oil terminal in the Niger delta in Port Harcourt, Nigeria on August 1, 2018. PHOTO | REUTERS
Nigeria has revoked 924 dormant mining titles immediately and invites investors to freely apply for the affected licences which will be offered on a "first come, first served" basis, its minister of mines said on Wednesday.
NCBA raises interest rates on new and existing loans
NCBA branch in Nairobi, Kenya. PHOTO | NMG
NCBA Bank Kenya has revised its lending rates upwards in a development that will, effective immediately, see new borrowers start paying more to get credit amid growing struggles on the ability of borrowers to service loans.
Rwanda records 39pc rise in new bank borrowers
Rwandan money. PHOTO | SHUTTERSTOCK
Rwanda recorded a 39 percent growth in the number of customers taking up loans with commercial banks in 12 months to June 30, 2023, supported by fresh measures by the central bank to accelerate financial inclusion in an economy weighed down by the informal and traditional methods of saving money.
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