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Tanzania

Dewji Remains Youngest Billionaire

Despite reduced number of billionaires in Africa and size of their fortunes, Tanzanian's richest man, Mohammed Dewji, has continued retaining his status-- emerging the youngest billionaire in the continent. Mr Dewji (41), having a $1.4bn wealth, outshines the other 20 billionaires in 6 countries: South Africa, Egypt, Nigeria, Morocco (which have three billionaires each), and Algeria (1 billionaire), Angola (1) as the youngest billionaire, well below the average age of 63 years, according to Forbes magazine. "I plan to donate well above half my net worth to various organizations and individuals for philanthropic purposes, similar to what I have done thus far," said Mr Dewji as he commented on this year's ranking of Africa's billionaires.

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Inspirational African Women: Rahel Mwitula Williams

There is a great focus right now on socially responsible brands that not only make a statement in the world, but also make a difference. Entrepreneur Rahel Mwitula Williams and her proudly African lifestyle brand, ILAVA(which translates as IT CAN BE DONE), is passionate about making women feel empowered through fashion, whilst at the same time positively impacting the lives of others.

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A Year On: Magufuli’s Reforms And Tanzania’s Economic Outlook

A few weeks ago the World Bank published their ‘2017 Ease of Doing Business Report’: Tanzania performed impressively in this year’s report, climbing seven places in the world ranking. This upward trajectory is largely due to the substantial reforms over the past year in four key areas: business licensing, land reforms, easy registration of businesses and people’s registration. Reports from inside the President’s office suggest that the President has been working closely with the private sector towards improving the business environment and speeding up economic development.

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Tanzania Zambia Railway Authority Dominates Magufuli, Lungu Talks

Dar es Salaam — Problems facing the Tanzania Zambia Railway Authority (Tazara) yesterday dominated talks between President John Magufuli and his Zambian counterpart, Edgar Lungu, with the two countries seeking a permanent solution to Tazara's long-standing woes. In a joint press briefing after the talks, President Magufuli said the two countries had agreed that the Tazara management setup needed to be changed to allow people from outside Tanzania and Zambia to be considered for senior managerial positions in the firm. This is contrary to the current arrangement where the managing director comes from Zambia with Tanzania providing the deputy. "We have agreed that the attorney generals of the two countries will meet as soon as possible to review the legal framework of the Tazara Act of 1975 to accommodate changes in the management setup," he said.

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