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Tanzania

Outlook for Africa's sleeping giant, Tanzania

Despite an abundance of minerals and natural gas, and an impressive growth forecast of 7 per cent, Tanzania has yet to reach its full potential. All eyes are on its new president, John Magufuli, who took office in November, and has committed to rooting out corruption and correcting socioeconomic imbalances in this East African nation. Joining CNBC Africa to discuss the outlook for Africa's sleeping giant is Finweek Journalist, Jana Jacobs.

Source: CNBC Africa

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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