Tag: Tanzania
Tanzania orders 20% of gold exports to its central bank for reserve diversification
To bolster its foreign reserves and combat the depreciating shilling, the Bank of Tanzania began purchasing gold from local traders and miners last fiscal year, acquiring 418 kg. The bank aims to purchase 6 tonnes of gold in the current fiscal year. The Tanzania’s Mining Commission announced that a new mining law, effective October 1,…
Tanzanian President Samia scolds US, Western nations over ‘interference in Tanzania’s domestic affairs’
Tanzania’s President Samia Suluhu Hassan has criticised several Western nations, including the US, for their remarks about the country’s handling of internal affairs such as murders and kidnappings. “We’re not here to be told how to run our country,” Samia stated on Tuesday during an event in the Moshi area of the north eastern Kilimanjaro…
Chinese bus manufacturer Yutong eyes Tanzania assembly plant amidst growing market presence
The decision, announced by Kellen Zou, CEO of Yutong Bus Tanzania, during the inauguration of Yutong’s new offices and service center in Tanzania, is driven by the company’s positive market performance in the African country, according to local media. Zou highlighted the rapid growth of the Tanzanian and East African markets, which he described as…
Tanzanian music superstar Diamond Platnumz sets ambitious goal: To become world’s richest man
“My biggest dream in life is to be the richest man in the world,” Diamond Naseeb Abdul, better known by his stage name Diamond Platnumz, made the announcement during the launch of the Wasafi Festival 2024. ” That’s my dream, and I can assure you that I will achieve it.” The ambition to surpass global…
Tanzania experiences a 41% increase in meat exports while the leather sector sees a decline, media says
The country’s meat exports in 2023 amounted to 14,701 tonnes worth of $86.3 million, which is over 4,200 tonnes more in comparison with 2022, according to Tanzania’s 2023 State of the Economy report. “The increase in meat exports was due to improved businessand investment environments as well as strengthened meatmarkets in countries such as Hong…
‘We Don’t Need More Concrete’: A New Village in Tanzania Will Use a 3D Printer and Soil to Build Its Community
3D printing is creating a host of new design opportunities, but those for building have typically used concrete as the medium. Seeking a less carbon-heavy alternative, architects are developing an entirely new village in Tanzania, which will be 3D printed from locally sourced dirt.
Russia hopes to involve Tanzania in the development of the International North-South Transport Corridor
Tanzania’s strategic location makes its participation in the development of the International North-South Transport Corridor (INSTC) a promising area of international cooperation, as Tanzanian ports are connected to landlocked countries in the region, according to the Russian Ministry of Transport. Discussions on extending the INSTC to Africa, including the establishment of regular shipping lines, began…
Russian preparatory faculties open doors for students in Ethiopia, Tanzania, and Zambia
The initiative by Russian humanitarian agency Rossotrudnichestvo is offering a new pathway for African students seeking higher education in Russia. The preparatory faculties allow aspiring students to study the Russian language and technical subjects for 10 months, preparing them for seamless integration into Russian universities. “Previously, students would arrive in Russia and spend a year…
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