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Coverage of financial markets, economic policy, business activity, and trends affecting local and global economies.
Tanzania’s government is preparing measures to bring down cement prices within a week after Prime Minister Mwigulu Nchemba acknowledged growing complaints over the rising cost of the construction material in…
President Cyril Ramaphosa has launched the third phase of South Africa’s Government-Business Partnership, shifting the focus from economic reforms and stabilisation towards faster growth, investment and large-scale job creation. Ramaphosa…
Tanzania and the Democratic Republic of Congo have agreed to deepen economic and social cooperation, with trade, minerals, energy, transport and technology among priority areas. The agreement was reached on…
Tanzania continues to offer cheaper petrol and diesel than Kenya, despite a reduction in the price of diesel announced by Kenya’s Energy and Petroleum Regulatory Authority (EPRA). Under the new…
Tanzanian-based Amsons Group is reportedly in advanced talks to acquire Oryx Energies in a deal estimated at around $250 million, a move that could significantly expand the company’s influence across…
Tanzanian businessman Edha Nahdi has urged African companies to stop relying on foreign donors and begin directly financing the continent’s development, warning that Africa risks slowing its own progress if local businesses fail to act.
Tanzanian billionaire Mohammed Dewji is planning a $50 million soft drinks plant in Mombasa, Kenya, in a move analysts say reflects shifting East African investment power and growing regional competition.
The International Monetary Fund (IMF) has reached a new agreement with Tanzania that could unlock $375.5 million in fresh funding as the East African nation faces growing economic pressure linked…
Africa’s richest man Aliko Dangote says he is considering constructing a mega oil refinery in Kenya’s port city of Mombasa instead of Tanzania’s Tanga port.
Namibia has completed repayment of its debt to the International Monetary Fund, marking a key milestone in the country’s economic management under President Netumbo Nandi-Ndaitwah. The government settled a total…
