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Business
Algeria to Host Shelter Afrique Development Bank’s Housing Symposium in July
The event brings together Ministers of Housing and Finance from member States, shareholders, central banks, mayors, private developers, investors, and development finance partners to explore ways of transforming the promise of urban Africa into tangible,…
Qatar sends back 75 drivers from Tanzania over their failure to handle modern trucks
And this is despite the fact that all drivers that were taken to Qatar had qualified with flying colors at the National Institute of Transportation (NIT) training center in Dar-es-salaam, with additional brush-up courses.
African Development Bank revives Clay Works Factory in Botswana
Recognizing Lobatse Clay Works’ potential, the African Development Bank provided a loan facility, in partnership with the Botswana Development Corporation to turn around the company’s fortunes
Afreximbank extends 15-million Euros factoring line of credit to Banque Postale du Congo
The partnership is also designed to improve access to finance for SMEs, which are vital contributors to job creation and economic growth as well as strengthen capacity building and legal and regulatory framework
East African Monetary Union will sail through Global Geopolitical Tensions. Bank Governors declare
The Committee noted the strong growth outlook for the EAC economies, with real GDP projected at 5.8 percent in 2025, which is higher than the projected growth globally and in Sub-Saharan Africa.
Turkey discovers over 20 billion barrels of oil in Somalia
The discovery comes just days after reports surfaced that Somalia had granted Turkey a highly favorable profit-sharing agreement, giving Ankara a 90 percent stake in revenues from offshore oil production.
Kisumu Port sailing into new depths of Lake Victoria
So far within the first five months of 2025, the port has processed 109,839 Metric tons, with 67 vessel calls recorded, further highlighting the growing economic importance of Kisumu port in the region.
Fake Airline tickets sold to Air Tanzania passengers travelling from China. Dubious agents suspected
A total of 32 passengers were stranded in Guangzhou, China, after the plane tickets they bought for their journey to Tanzania were discovered to be fake.
Tanzania rolls out new regulations for foreign currencies
Foreigners, including tourists, are required to exchange foreign currency through commercial banks or the Bureau de Change in Tanzania. They may also continue making payments using bank cards or other digital payment methods.
With Connections to Grid Electricity, Small Shops and Industries Sprout in Rural Tanzania
Electrification has also spurred the development of small-scale industries, including brickmaking and welding, resulting in a doubling of council revenue.