Tanzania

Tanzania: Entrepreneur overcomes financing challenges to launch cashew business

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Published: Monday, 09 October 2017 10:17

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by Oluwabusayomi Sotunde

Within two years of starting his business, Fahad Awadh had been named one of 30 entrepreneurs to watch in Africa by Forbes magazine, and also received a US$500,000 grant from the Africa Enterprise Challenge Fund. Awadh is the founder of YYTZ Agro-Processing, a cashew production company that focuses on exporting high-quality nuts from Tanzania, while working closely with local farmers to ensure they are sufficiently included in the value chain. In 2014, Awadh began looking for a business venture he could invest in – something that entailed value addition in Tanzania.

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Tanzanian Former Beauty Queen Creates Successful Body-Care Brand From Parents’ Backyard

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Published: Friday, 11 August 2017 10:18

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By Ann Brown 

Hellen Dausen may have once been Miss Universe Tanzania, but these days she’s making a name for herself as the founder of Nuya’s Essence, a natural bath and body-care brand that she launched in June 2014. While Nuya’s Essence is now a success, the company’s early days could not be described as promising. Dausen, who was named Miss Universe Tanzania in 2010, started the business by building a soap-making plant in her parents’ backyard in Zanzibar. Unfortunately, it was deemed not up to standard by regulating authorities and Dausen was ordered to destroy it.

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Resource nationalism moves up a gear in Tanzania

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Published: Friday, 04 August 2017 11:47

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by Dan Paget

The Tanzanian government has asked Acacia Mining, a subsidiary of the world’s largest gold mining company Barrick Gold, to pay approximately USD$190bn in revised taxes, interest and fines. This latest development is a game changer in a dispute that pits mining companies against President John Magufuli’s government. It makes both nationalisation and mine closures more likely. Until this revised tax notice was served, the overhaul of Tanzania’s mining regime had a great deal going for it. Previous policy had given miners an easy ride. Low taxes and generous licence terms were sweetened by further tax breaks and exemptions. Tanzania’s mining sector contributes nearly 3% to GDP annually.

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How A Tanzanian Coder Became An Inspired Tech Mogul

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Published: Wednesday, 28 June 2017 10:01

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By Ann Brown

Tanzanian coder Godfrey Magila has always loved technology. So much so, he actually taught himself to code. His tech innovations earned him a $200 prize at a countrywide hackathon. The monetary prize came with a tech mentoring program. Today, Magila, 25, is the founder of  Magilatech, a software development and security auditing company he started in 2012. Most recently, Magilatech debuted Tigobackup, a mobile security application offering content backup on mobile devices and anti-theft services.To date, it has recovered more than 3,600 lost and stolen devices.  Magilatech, which employs 14 people, raked in more than $1 million in 2016. To date, it has recovered more than 3,600 lost and stolen devices. Magila was born in Mbeya in Southern Tanzania. His father died when he was three months old. His mother died when he was six.