Tanzania: Lack of public spending curtailing economic growth – IMF
The International Monetary Fund (IMF) on Wednesday called on Tanzanian authorities to speed up reforms to prevent a slowdown of the economy of the East African nation. The Tanzanian economy slowed down to 6.8 per cent between January and June, compared with 7.7 per cent over the same period last year. Tanzania is Africa’s fourth-largest […]
Tanzania, Uganda condemn ICC Burundi investigation
Tanzania and Uganda have opposed a plan by the International Criminal Court (ICC) to investigate alleged human rights abuses in Burundi, a statement from the office of Tanzanian President John Magufuli said. According to the two leaders, who are both members of the East African Community (EAC), the Hague-based court’s decision “compromises efforts” of an […]
Uganda eyes up to $20 bln oil sector investment by 2020
Uganda’s petroleum authority on Tuesday said it expect investments of $15 billion to $20 billion in its oil industry in the next three to four years. Ernest Rubondo, executive director of Uganda’s petroleum authority made the statement during a conference in Cape Town, South Africa. The discovery of large oil reserves in Uganda led to […]
Two UN Peacekeepers killed in DRC
Two United Nations peacekeepers have been killed and several injured in an attack on their base in North Kivu, Democratic Republic of the Congo (DRC), a UN spokesperson announced. “The injured peacekeepers have been evacuated to Goma for medical assistance,” said spokesperson Stéphane Dujarric at the regular news briefing at UN Headquarters, in New York, […]
Tanzanian President John Magufuli reveals his salary
Tanzanian President John Magufuli who made international headlines in recent year for his crusade against corruption has disclosed how much he earns every month as president. The 57-year-old leader nicknamed the ‘bulldozer’ said his salary was 9 million Tanzanian shillings, about $4,000. He made the statement while addressing a local government agency, the Association of […]
Tanzanian police detained 20 over homosexual practices
Authorities in Tanzania have arrested 20 people accused of homosexuality in the East African nation’s semiautonomous region of Zanzibar. Twelve women and eight men were arrested in a hotel where they were receiving training on HIV/AIDS education programs, local media reports. “We rounded them up because we suspect that they were engaged in homosexuality in […]
Tanzania seizes British miner’s diamonds
The Tanzanian government has seized British Petra Diamonds’ ores worth nearly $30m amid a government investigation, the company said on Monday. “Petra confirms that a parcel of diamonds (71,654.45 carats) from the Williamson mine in Tanzania has been blocked from export to Petra’s marketing office in Antwerp and certain key personnel from Williamson are currently […]
Tanzania: Gold miner Acacia reduces operations, cuts workforce
The Canadian gold miner, Acacia, on Monday, announced that is has reduced operations and cut its workforce in Tanzania, few months after the East African nation banned export of gold and copper concentrate . Acacia, which is majority-owned by Canadian firm Barrick Gold, has said the continuation of the ban will hurt its ability to […]
Bill Gates Foundation grants Sh777 billion to Tanzania
The Bill and Melinda Gates Foundation on Thursday, announced plans to disburse about Sh777 billion ($ about 350 million) to finance agriculture, health and Information Communication Technology (ICT) sectors in Tanzania. Bill Gates, co-chair of the Foundation and the world’s richest man made the statement at Dar es Salaam State House shortly after meeting with […]
Tanzania’s first quarter growth slows to 5.7 %
Tanzania’s economic growth slowed to 5.7 percent in the first quarter of this year from 6.8 percent previously, the statistics office of the East African nation said on Thursday. Tanzania’s annual GDP growth rate averaged 7% over the past 5 years, making it one of the 20 fastest growing economies in the world and beating […]
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