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Business and Finance Archive

Tanzania: Cashew Nut Traders Stare At Huge Losses As Tanzanian Govt Seizes Produce

By The Citizen Tanzania’s cashew nut buyers are watching massive losses following the government’s transfer to confiscate the produce of those that fail to turn evidence that they’re farmers. The government has introduced the verification workout to rid the sphere …

Ethiopia: Abu Dhabi Firm Launches $2 Billion Ethiopia Construction

By Andualem Sisay The United Arab Emirates company, the Eagle Hills, has introduced an estimated $2 billion built-in group building venture in Addis Ababa. The Ethiopia government can have 27 p.c percentage within the venture which contains shops, 4,000 condo …

Zimbabwe: Govt Rules Out Price Controls

Photo: Memory Mangombe/The Herald Industry and Commerce Minister Mangaliso Ndlovu and his deputy Raj Modi at a gathering with producers and outlets on price hikes in Harare. By Michael Tome Government is not going to impose price keep watch over …

Uganda: Museveni Orders Foreigners to Vacate Gold Mines

By Josephine Nabbaale The president of Uganda his Excellency Yoweri Kaguta Museveni has ordered foreigners who had flocked the gold mines in mubende and Kasanda districts to vacate this house on grounds that overseas nations had been reaping benefits extra …

Zimbabwe: Chinese Firms Did Not Plumber Marange Diamonds, Says Chinese Ambassador

By Robert Tapfumaneyi Chinese buyers who have been into diamond mining in Zimbabwe have been deeply affected and quick modified via former President Robert Mugabe’s surprising alternate of the extractive mining policy, deputy Chinese ambassador to Zimbabwe, Zhao Baogang has …

Zimbabwe: ‘Economy On Sound Footing’ – Cross Scoffs At Doomsayers

By Farirai Machivenyika The nation’s financial system is on a valid footing because of Government policy projects that experience observed enlargement within the GDP and exports amongst different signs, former MDC-T policy guide Mr Eddie Cross has mentioned. Writing on …

Tanzania: Govt Says Over 2,100 Farmers Paid Sh1 Billion for Cashews

Photo: The Citizen The government needs to scrap 65% of cashew export levy that belongs to farmers. By Bakari Kiango Mtwara — Agriculture minister Japhet Hasunga says no less than 2,168 cashew farmers from 35 verified number one societies have …

Zimbabwe: ED – Police to Use State-of-the-Art Gadgets to Reduce Road Carnage

By Audience Mutema POLICE are set to make use of complicated digital apparatus such as virtual cameras to check out and stem the tide of a street carnage that continues to claim dozens of lives at the nation’s highways. This …

Tanzania Debt ‘Sustainable however Under Pressure’

By Ludger Kasumuni Dar es Salaam — Tanzania debt to exports ratio has jumped to 205 according to cent for 2017, from 172.nine according to cent recorded all through the former year, the 2019 International Debts Statistics (IDS) launched by …

Tanzania: Cashew Creditors in Payment Limbo

By Louis Kolumbia Dar es Salaam — Several establishments which can be owed billions of shillings within the cashews worth chain hope they’re going to now not be saddled with massive money owed within the new option to pay farmers …