Financial Times

Three cooperation agreements between turkey and Africa were signed during the Turkey-Africa Economic and Business Forum held in Istanbul last week including a Memorandum of Understanding between the Ministry of Mines and Geology of the Republic of Senegal and Tosyalı Holding, Trade and Investment Cooperation Memorandum of Understanding between Republic of Turkey Ministry of Commerce and the African Union Commission as well as Trade and Economic Cooperation Agreement between Republic of Turkey and the Government of the Republic of Zimbabwe Government.

17Oct 2018
By Financial Times Reporter
Financial Times
The call was made by Salum Shamte, chairman of the Tanzania Private Sector Foundation (TPSF), shortly after returning from Istanbul, Turkey where he led a contingent of Tanzanian businessmen to the...
10Oct 2018
By Financial Times Reporter
Financial Times
According to the Investment Risk Index in the World Risk Report released this week, investment security in Africa has improved by 4%, with the average score for constituent jurisdictions from Africa...

TPSF membership service director Louis Accaro.

10Oct 2018
By Financial Times Reporter
Financial Times
Jointly organized by the Turkish Ministry of Economy, African Union Commission (AUC), and DEIK, the forum brings together businessmen from Turkey and Africa to deliberate on how they can work...

permanent secretary in the Ministry of Water, PROF KITILA MKUMBO.

10Oct 2018
Mtapa Wilson
Financial Times
QUESTION: What is the current status of water availability in Tanzania? Does it correspond with the targets to alleviate the problem? If not, why?ANSWER: I can say that water availability in the...

ALIKO Dangote.

10Oct 2018
By Financial Times Reporter
Financial Times
The Tanzanian government has already offered a coal mine to Dangote and recently connected natural gas supply to its Mtwara-based cement factory.Dangote has been demanding preferential treatment for...
10Oct 2018
By Financial Times Reporter
Financial Times
COFFEE CARTELS Coffee is the third-biggest cash crop in Tanzania after tobacco and cashew nuts, fetching the country over 350bn/- each year in export revenues
A statement issued by the President's Office on Monday night said those benched include Kagera Regional Police Commander (RPC) Augustine Ollomi and the Kyerwa Officer Commanding District (OCD),...

Ali Mufuruki.

10Oct 2018
By Financial Times Reporter
Financial Times
SHALLOW POOL Ali Mufuruki, Vodacom Tanzania Board Chairman, insists that he finds no fault in appointing competent foreigners as chief executives of big companies due to a shortage of potential candidates in the country 
But the approval of Mulinge's work permit application took unusually long and Vodacom Tanzania hit a brick wall every time it sought answers from Tanzanian government officials.After a flurry of...
03Oct 2018
PETER NYANJE
Financial Times
Germany’s ambassador to Tanzania, DR DETLEF WACHTER, sat down with Financial Times staff writer PETER NYANJE for a wide-ranging interview about trade and investment relations between Tanzania and Germany, , plus the government’s plan to develop a 2,100-megawatt hydropower station within the Selous Game Reserve which happens to be a world heritage site. Excerpts…
ANSWER: I can describe that as a real success story. I came here one year ago and I did not expect our bilateral relations to be so deep and broad. I think Germany and Tanzania are cooperating in all...
03Oct 2018
By Financial Times Reporter
Financial Times
The law criminalises the dissemination of “any statistical information which is intended to invalidate, distort or discredit official statistics” issued by NBS.The World Bank says the law...

GERMANY’S Ambassador to Tanzania, Dr Detlef Wächter.

03Oct 2018
PETER NYANJE
Financial Times
Speaking in an exclusive interview with the Financial Times recently, Dr Wächter said the EPA could give Tanzania many opportunities in trade with EU. He said the offer is still on the table and it...
03Oct 2018
Fumbuka Ng'wanakilala
Financial Times
President Magufuli blasts a new environment audit report on the Stiegler’s Gorge project by a team of Tanzanian experts and orders his government to change recommendations of expert report findings in favour of "national interests"
Magufuli slammed a recent environment audit of the project by a team of Tanzanian experts and ordered his government to change recommendations of the report in favour of broader "national...

SYLVESTER Ambokile.

26Sep 2018
Lucas Liganga
Financial Times
Since taking over his diplomatic role in South Africa, Namibia and Botswana, AmbassadorAmbokile has sweet talked leaders of the three southern African countries into introducing the teaching of...
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...

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