Financial Times

02Jan 2019
Editor
Financial Times
The project has been mired by allegations of massive environmental degradation from conservationists both here at home and abroad. Striking a balance between the environment and economic growth...
02Jan 2019
By Financial Times Reporter
Financial Times
He said the road, starting from Kolandoto and traversing through Kishapu and Meatu to Arusha, will be a shortcut facilitating quick growth of the economy in the areas it passes through. Masele (...
02Jan 2019
By Financial Times Reporter
Financial Times
About half of the world's population is at risk of malaria, but some of the drugs used to treat it have started to fail. Currently, artemisinin-based combination therapies (ACTs) are the gold...
02Jan 2019
By Financial Times Reporter
Financial Times
the convergence between the Chinese culture and economy and the African potential and future. Economic players and legislators from both sides have an opportunity to deliver a deep transformation...

Minister of State in the Prime Minister’s Office (Policy, Parliament, Employment, Youth and the Disabled), Jenista Mhagama

02Jan 2019
By Financial Times Reporter
Financial Times
*at grassroots level*
This was revealed recently by the Minister of State in the Prime Minister’s Office (Policy, Parliament, Employment, Youth and the Disabled), Jenista Mhagama (pictured), while on tour in Kigoma Region...
02Jan 2019
By Financial Times Reporter
Financial Times
Kenyan President Uhuru Kenyatta has strongly denied a local media report that the East African nation was at risk of having China seize the strategic port in compensation for unpaid debt related to...
26Dec 2018
Editor
Financial Times
There is another interpretation, known as a ‘conspiracy theory’ that disorder or chaos is actually willed by a group of individuals for their own selfish interests or by the naked pursuit of power,...

Developments in artificial intelligence and automation have been heralded as a major leap forward in human advancement. But they could also adversely affect another important measure of societal progress: The gender pay gap. PHOTO/GETTY IMAGES

26Dec 2018
Correspondent
Financial Times
That's according to a new report from the World Economic Forum, which indicated that the growth of jobs in emerging industries, such as IT and engineering, is set to disproportionately hurt women...

Minister of Trade for Uganda, Amelia Kyambadde (left) and Joseph Kakunda, the Minister for Industry, Trade and Investment of Tanzania held last week at Mutukula One Stop Border Post Uganda side.

26Dec 2018
By Financial Times Reporter
Financial Times
of Tanzania held at Mutukula One Stop Border Post Uganda side. Last month, Ugandan traders at Mutukula border demonstrated over a restriction imposed by Tanzania on Uganda’s dry products intended...
26Dec 2018
Lucas Liganga
Financial Times
“We know big countries like China have global responsibility. We would like to talk with the US to lessen the trade tensions. We have made candid efforts to try to resolve the concerns with the US,”...
26Dec 2018
By Financial Times Reporter
Financial Times
In the rush from one store to the next, it’s easy to become distracted, frantically opening emails from your smartphone, searching for that last-minute deal from your favourite store. Many shoppers...
26Dec 2018
By Financial Times Reporter
Financial Times
So now attention turns to the economy, which is struggling. While Zimbabwe grapples with this Uganda, Ethiopia and Tanzania are loudly objecting to America's forcing Africans to wear hand-me-downs,...
26Dec 2018
By Financial Times Reporter
Financial Times
Occupancy slumped by 16.7 per cent to 53.2 per cent in November, while the average daily rate (ADR) dropped by 1.8 per cent, according to global hospitality research firm STR. "According to the...

Zanzibar spent most of its foreign exchange on intermediate goods whose import bill during the year ending October 2018 was $100.9 million with oil imports contributing most of the procurement after increasing by 37.6 per cent to $67.6 million. File photo

26Dec 2018
By Financial Times Reporter
Financial Times
• The Current account balance recorded a deficit of $24.7 million in the year ending October 2018 compared to a surplus of $25.2 million in the corresponding period in 2017, mainly on account of increase in imports coupled with decline in official current
According to the November 2018 Monthly Economic Review (MER), the deterioration of the current account in the isles’ balance of payment was triggered by two factors. The major factor behind the...
26Dec 2018
By Financial Times Reporter
Financial Times
Mafumbo is one of millions of Tanzania cassava farmers who in 2018 lost their entire crop to two viruses for which there is neither cure nor vaccine. These viruses, and efforts to combat them...

James Rugemalira and Harbinder Sethi

These prominent business tycoons behind the infamous Independent Power Tanzania Limited (IPLT) scandal were charged with 350billion/- economic sabotage and money laundering charges at the Kisutu Resident Magistrate’s Court in June 2017.

26Dec 2018
By Financial Times Reporter
Financial Times
UNBAILABLE OFFENCE – One CEO, Akram Aziz, a sibling of business tycoon Rostam Aziz, was released only last week after spending almost two months in jail over allegations of money laundering, which is a much-dreaded criminal charge that has forced several
The wealthy and erstwhile powerful executives have been forced to swap a life of luxury for the confinement and squalour of a jail cell in Dar es Salaam and elsewhere. Some have spent months or...
19Dec 2018
By Financial Times Reporter
Financial Times
RAW CASHEWS earn Tanzania more foreign exchange than tobacco, coffee, cotton, tea, cloves and sisal combined. , The government’s decision to halt raw cashew exports and opt for in-country processing of the crop could lead to a sharp fall in forex earnings until local processing capacity is developed and reliable export markets of cashew kernels are established
According to latest Bank of Tanzania (BoT) data, Tanzania fetched $575 million from exports of raw cashews in the year to October 2018, up from around $340 million a year ago.Cashews earned the...
19Dec 2018
By Financial Times Reporter
Financial Times
The overall balance of payments recorded a deficit of $171.6 million in the year ending October 2018 compared to a surplus of $1,601.8 million a year earlier partly on account of the 51 per cent widening of the current account deficit
According to the Bank of Tanzania (BoT), widening of the current account deficit by nearly 51.6 per cent during the period contributed to deterioration of the October international trade and...
19Dec 2018
By Financial Times Reporter
Financial Times
The latest business to consumer (B2C) e-commerce index by the United Nations Conference on Trade and Development (UNCTAD) ranks 151 countries globally, including 44 African nations, by measuring...

Maasai herders.

19Dec 2018
By Financial Times Reporter
Financial Times
The order was given by the deputy minister for Livestock and Fisheries, Abdallah Ulega, who directed the Kilosa district leadership in collaboration with NARCO’s management to remove the...

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