Business

The National e-Procurement System of Tanzania (NeST), is the latest electronic system which facilitates e-registration, e-tendering, e-contract management, e-payment, e-catalogue and e-auctioning processes.

In fact, the country’s Land Transport Regulatory Authority had previously made it mandatory for all bus companies in Tanzania to issue electronic tickets and replace the paper boarding passes.

But the non-refundable, new travel insurance fee will not apply to people from the eight East African Community (EAC) member states.

Experts have unanimously agreed that the previously set global target of eradicating poverty for all people by the year 2030 may no longer be attained, judging by a number of emerging challenges and non-anticipated stumbling blocks.

In an era defined by innovation and sustainability, enhanced oil recovery (EOR) technologies - powered by Artificial Intelligence are breathing new life into declining reservoirs.

The reshuffle in the Banking sector also included the reappointment of Samuel Yanga Mikaya as First Deputy Governor, a position he had previously held before his removal. 

Fitch justified its decision by citing a perceived increase in credit risk and weak risk management policies, based on its estimate that the bank’s non-performing loans (NPLs) stood at 7.1 percent.

This is Africa’s current economic and political reality; that is, systemic violence, natural resource extraction, and economic manipulation.

Gold exports from artisanal and small-scale mining (ASM) players have exceeded exports from the large-scale sector for the first time.

Since joining Ecobank in 2012, Ayo has held several key leadership positions, including Group Financial Controller, Group Head of Business Performance and Analytics, and currently Group CFO.