Financial Times
26Sep 2018
By Financial Times Reporter
Financial Times
DEBT-TRAP DIPLOMACY? The biggest holders of Chinese debt in Africa are Angola ($42.8bn), Ethiopia ($13.7bn), Kenya ($9.8bn), Sudan ($6.49bn), Zambia ($6.37bn), Cameroon ($5.56bn), Nigeria ($4.8bn), South Africa ($3.78bn), and Ghana ($3.49bn).
Data from the China-Africa Research Initiative (CARI) at Washington’s John Hopkins University School of Advanced International Studies, seen by the Financial Times, shows that Tanzania took...
26Sep 2018
By Financial Times Reporter
Financial Times
According to the TRA corporate plan, key sectors that are expected to drive the economy include agriculture, industry, construction and services
Currently there are a total of 475 large tax payers in TRA’s register, and the taxman is aiming to make it a round 500 by 2022/23, according to its current five-year corporate plan whose...
AXEL KNOSPE.
19Sep 2018
Winnie Henry
Financial Times
explains to Financial Times Staff Writer WINNIE HENRY about delays in construction of a $30 billion export terminal for natural gas, a slowdown in oil and gas exploration activity and what Tanzania...
19Sep 2018
Winnie Henry
Financial Times
A lack of agreement between the government and oil companies threatens to further delay the $30 billion project that could potentially transform Tanzania's economy.Royal Dutch Shell, Statoil,...
19Sep 2018
By Financial Times Reporter
Financial Times
TOUGH NEW RULES The recently-released integrity pledge regulations target errant executives of mining companies, contractors and sub-contractors who deny the government revenue collection from the country’s natural resource wealth
now face severe penalties, including the possibility of spending more than 10 years in prison, under tough new government regulations aimed at tackling tax evasion, corruption, transfer pricing and...
19Sep 2018
By Financial Times Reporter
Financial Times
“We are not getting paid at the moment. The historical figure owed is $16 million,” Johan Dippenaar told Reuters in an interview, adding that current VAT is an additional $9 million....
19Sep 2018
By Financial Times Reporter
Financial Times
Usually, live animals are exported from Tanzania and other African countries to zoos in the United States, Europe and Asia. But an eastern black rhino born and bred in the San Diego Zoo Safari Park...
16Sep 2018
By Financial Times Reporter
Financial Times
London-based financial technology (fintech) company said a recent statement that the partnership with Jamii Africa Insurance Company will be very advantageous for African customers. The two partners...
PROF DAMIAN GABAGAMBI.
16Sep 2018
Mtapa Wilson
Financial Times
Financial Times Staff Writer MTAPA WILSON interviewed the chief executive officer of the cash-strapped corporation about various projects it is implementing and his plans for its future. Read on...
AIDAN EYAKUZE.
16Sep 2018
Aidan Eyakuze
Financial Times
None of the 228 people on board Air France 447 from Rio de Janeiro to Paris on May 31, 2009 survived. The tragedy that unfolded that night was triggered by failed airspeed sensors. Without the air...
CAPTION: Women trained in using new storage technologies show off metal grain storage silos in Mnenia, Tanzania, June 7, 2018. PHOTO/NOOR KHAMIS/UNIVERSITY OF ZURICH
16Sep 2018
By Financial Times Reporter
Financial Times
As Africa’s population rises and climate change threatens more harvests, simple efforts to protect what is harvested could play a key role in staving off hunger on the continent, they said....
National Assembly Speaker Job Ndugai.
12Sep 2018
By Financial Times Reporter
Financial Times
Like elsewhere in the world, a revolution is quietly underway in Tanzania’s politics, and it is increasingly being fought on Twitter, Facebook, Instagram, YouTube, WhatsApp, Telegram and other...
PRESIDENT John Magufuli.
12Sep 2018
By Financial Times Reporter
Financial Times
IMPERIALISTS 'They've taken all the gas because they were involved in its discovery. , That's why the Mtwara-Dar es Salaam natural gas pipeline is being used at only 30 per cent capacity., These are the tricks being played by people who want to colonise us economically.'
The president said the government has been forced to start implementing the massive projects using its own resources by boosting revenue collection and tightening fiscal discipline.The internal...
05Sep 2018
Fumbuka Ng'wanakilala
Financial Times
LOPSIDED Some analysts warn that the concentration of banking activity in just a handful of institutions could lead to a collusive arrangement where the largest banks set lending and savings interest rates
The ‘Big Six’ - CRDB Bank Plc, NMB Bank Plc, the National Bank of Commerce (NBC), Standard Chartered Bank, Stanbic Bank and Exim Bank - also control the lion’s share of customer...
05Sep 2018
By Financial Times Reporter
Financial Times
By Benazir Mohammed and Winnie HenryIf the trade war between the US and China escalates into a full-blown crisis, analysts warn that this could well result into a glocal economic recession. In which...
05Sep 2018
By Financial Times Reporter
Financial Times
President Xi Jinping pledged $60 billion to African nations at Monday’s opening of a China-Africa forum on cooperation, matching the size of funds offered at the last summit in Johannesburg in...
NDIMBUMI MSONGOLE, Communications Specialist at Digital Opportunity Trust Tanzania (DOT.
05Sep 2018
By Financial Times Reporter
Financial Times
NDIMBUMI MSONGOLE, Communications Specialist at Digital Opportunity Trust Tanzania (DOT), a youth-led network of social innovators, spoke to the Financial Times about the growth of the digitech...
PRESIDENT John Magufuli.
05Sep 2018
By Financial Times Reporter
Financial Times
No reason was given for the dismissal, but the move comes just two months after the president said work permits were being issued to undeserving foreigners without due process being followed.A...
Minister for Finance and Planning, Dr Philip Mpango.
29Aug 2018
By Financial Times Reporter
Financial Times
BOMBSHELL An extraordinary tax row exposes underlying friction between top officials in President John Magufuli’s government
In a rare public outburst, Mpango roundly criticised Dar es Salaam Regional Commissioner Paul Makonda for trying to get a shipment of 20 containers of furniture cleared at the Dar es Salaam port...
Traders from Africa buying goods in Xiaobei, China.
29Aug 2018
By Financial Times Reporter
Financial Times
Not far from them, in an adjacent street, another group of Africans—three women and a man holding a child in his arms—huddle around bales of merchandise. As the sun slowly sets, the town...
