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By Jaston Binala. Tanzania’s economy is in deep recession based on open data from Bank of Tanzania and the World Bank–and the brunt of the recession is being felt by business. Three business owners who can not be identified as requested tell TZ Business News parastatal banks especially display signs of serious liquidity trouble. A…
By TZ Business News Staff and Agencies. It is a story about color-blind love—a story about human compassion. The British website Viraltab has described it as a tragic love story. A young Russian woman met this young man from Nigeria. She loved him. She gave her heart to him. He loved her, too. They met…
From Rusana Philander in Cape Town. Analysts have estimated recent looting and riots in South Africa’s Kwazulu-Natal and Gauteng provinces will cost the country’s GDP by as much as R20 billion. Jannie Rossouw, an economist, said some of the companies that were looted won’t be able to open their businesses again. Amid a level four…
BY TETSURO KOSAKA, Nikkei senior staff writer TOKYO: When the U.S. and Japan agreed recently to extend the use of the International Space Station until 2024, four years longer than initially planned, it was partly out of concern that mothballing the ISS as scheduled would leave China as the only country with a manned…
By TZ Business News Staff. Tanzania has instructed the Arusha-based East African Community Secretariat to strengthen the private sector in the region, and to shift focus of co-operation away from leaders to citizens. President of Tanzania, Samia Suluhu Hassan said in Dar es Salaam on Saturday, June 12, 2021 that the private sector in…
