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Tanzania

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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Tanzania: Dar Mulls Adding Tanzanite in Foreign Reserves

The government is contemplating to include Tanzanite gemstones in national foreign reserves at the Central bank instead of gold which is shunned due to price instability, the Minister for Finance and Planning, Dr Phillip Mpango has said. Dr Mpango said in Parliament yesterday that the Central Bank was considering the idea of instating the rate and extraordinary gemstones in the reserves because of its price stability in the world market and the fact that it is mined in Tanzania. Tanzanite is the blue/violet variety of the mineral zoisite (a calcium aluminium hydroxyl Sorosilicate) belonging to the epidote group. It was discovered by a Tanzanian Jumanne Mhero Ngoma in the Mirerani Hills of Manyara Region in Northern Tanzania in 1967, near the city of Arusha and Mount Kilimanjaro.

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The father of M-Pesa on being innovative in Africa

Nick Hughes is known for being at the forefront of innovation in Africa. He is responsible for founding and developing the M-Pesa mobile payments service in the mid-2000s while working at Vodafone. Today the platform is hailed as one of Africa’s top success stories. Over 70% of the Kenyan population uses M-Pesa, and other markets such as Tanzania are showing strong adoption.

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