Tag: Tanzania
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๐บ๐ฌ๐น๐ฟ Standard Bank is ready to continue financing EACOP after internal review
Standard Bank Ltd. continues to finance the East Africa Crude Oil Pipeline project, carried out by TotalEnergies SE. The $5 billion pipeline will connect oil fields in Uganda with an export terminal in Tanzania. However, the project faces strong opposition from environmental organizations. In 2021, the bank hired an independent consultant to assess its involvement,…
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๐ฐ๐ช๐น๐ฟ๐บ๐ธUNESCO leads Kilimanjaro expedition to draw attention to glacier melt
UNESCO is conducting an expedition to the summit of Mount Kilimanjaro involving 50 participants to raise awareness about the rapid retreat of glaciers caused by climate change, Xinhua news agency reports, citing UNESCO Director-General Audrey Azoulay. Africaโs highest mountain โ a UNESCO World Heritage Site since 1987 and a key source of freshwater for millions…
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๐น๐ฟ Pilot uranium processing plant launched in Tanzania
The pilot uranium processing plant has been commissioned by Rosatom subsidiary Mantra Tanzania Ltd at the Mkuju River project in southern Tanzania. The plant, located at the Nyota deposit, will be used to test uranium processing technologies and inform the design of the main processing complex with a production capacity of up to 3,000 tonnes…
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๐ช๐บ๐น๐ฟ๐ธ๐ท EU bans all air carriers from Tanzania and Suriname over oversight shortcomings
EU aviation safety list updated. Tzitzikostas: “We urge both countries to address these problems promptly.” Brussels โ The EU โclosed its airspaceโ to aircraft registered in Tanzania and Suriname. The European Commission updated the EU aviation safety list, which lists airlines subject to an operating ban or operational restrictions within the European Union because they…
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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,…
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Tanzanian President Samia scolds US, Western nations over ‘interference in Tanzaniaโs 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…
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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…
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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. ” Thatโs my dream, and I can assure you that I will achieve it.” The ambition to surpass global…
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