Tanzania: Latest News

  • Mobile Money Services Like M-Pesa Key to Poverty Reduction In Africa

    Mobile Money Revolution By Kevin Mwanza, 6:32 am

    M-Pesa, the world’s largest mobile money network, could be the key to poverty eradication in the developing world based on its success in Kenya where almost 200,000 households headed by women are living above the poverty line as a result of the innovation, according to a study by Journal Science. The service, owned by telecom service provider Safaricom has economically improved the lives of many families in rural parts of East Africa’s biggest economy in the last six years.

  • 5 Major Developments That Shaped Africa’s Tech In 2016

    fintech distributed ledger tech By Tom Jackson, 2:01 am AFKI Original

    Africa is increasingly establishing itself as a hotbed of tech innovation, and 2016 was packed with further progress. From Cairo to Cape Town, from major players to the smallest startups, African tech is developing at a startling pace. But what were the major developments on the tech scene over the course of 2016? Increasingly, investors are seeing Africa as an opportunity rather than a risk, and the tech space in particular is proving itself able to withstand the general slowdown.

  • Most Marketed Ethnic Community In East Africa: Who Are The Maasai?

    who are the Maasai By Frank Mutulu, 7:26 pm

    Other than an acacia tree at sunset, the most common icon of Africa is a Maasai warrior. We’ve all seen the images of tall and slender men draped in red shawls, standing stork-like on one leg and leaning on a spear shaft. Stories of tourists coming to Africa and falling in love with Maasai are now commonplace. They are known to be handsome people. In the evenings, Maasai warriors sometimes gather to dance in rhythm. One by one, they take turns jumping high in the air with spears at their side. The average Maasai warrior leaps up to four feet in the air.

  • East Africa’s Informal Sector Is Growing: Who’s Investing In It, And Why

    East Africa's informal sector By Staff, 6:12 pm

    Where there are challenges or deficits, business and investment opportunities often emerge in the informal sector. The East African informal sector contributes 30-40% of GDP. Operating off the grid (not paying taxes), informal-sector employers and employees run the risk of punishment, limited police protection, and lack of social support services. Consumers help keep the informal sector growing, and it’s not going away anytime soon. Formal companies are getting rich providing services to the millions of consumers who use informal services. Here are some of them.

  • Silicon Valley Drone Startup Expanding Blood Deliveries In Africa With UK Funding

    Silicon Valley drone startup expanding By Dana Sanchez, 12:01 am

    Tanzania, Rwanda and Malawi have a permissive approach to drone regulations, helping make them attractive places for trials. Madagascar has also tested drones to reduce the time it takes to transport life-saving supplies in areas where roads are impassable or transport infrastructure is nonexistent. How useful are drones for carrying out human welfare tasks? The work is still too new and the data too thin to know. One study said humanitarian cargoes are often much heavier than a drone can handle.

  • 15 Birds That Make Africa A Paradise For Birders

    Africa a paradise for birders By Dana Sanchez, 11:00 am

    Africa is a paradise for birdwatchers with almost 2,500 bird species. Topping the list is Democratic Republic of the Congo with 1,139 species, followed by Tanzania, Kenya, Angola, Nigeria, Cameroon and Ethiopia. An African eagle, the bateleur is the national emblem of Zimbabwe. Endemic to Africa, it’s one of the most colorful birds of prey with jet black plumage, a scarlet face and orange feathers down the back. In 2009, this bird was listed as “near threatened” due to a drop in population. The bateleur spends as much as 80% of the day in flight, covering up to 300 miles in search of food.

  • An Investment Banker’s 54 Wishes For African Economies In 2017

    54 Wishes For African Economies in 2017 By Kurt Davis Jr., 4:29 pm AFKI Original

    A sense of what Zimbabwe can expect post-Mugabe. Partnership in the fight against terror for Tunisia. Better strategies combating poverty and HIV in Swaziland. These are just a few of the wishes that a U.S. investment banker visualizes for African countries as the old year winds down and 2016 gives way to 2017.

  • Coca-Cola Pays $3.15B To Buy Out AB InBev From Their African Bottling Joint Venture

    African bottling joint venture By Dana Sanchez, 12:45 pm

    Coca-Cola and AB InBev are the world’s largest makers of soft drinks and beer, respectively. Africa is important for Coke because soft drink consumption continues to grow on the continent. Coke has not said why it decided to buy back the stake, but it might be in its best interest to avoid partnering with AB InBev, which has no experience in Africa. With little room left for AB InBev to grow meaningfully in beer, bankers speculate the deal-hungry mega brewer may eventually move into soft drinks. That could put Coke at the top of its list.

  • Orange Signs New Sponsorship Deal With The Confederation Of African Football

    Confederation of African Football. Tigo - Sponsor African Soccer By Peter Pedroncelli, 5:37 am

    Telecommunications giant Orange has concluded a new long-term partnership deal as official sponsors for the Confederation of African Football (CAF) flagship competition. The new eight-year deal will see the France-based company confirmed as an official sponsor of five major CAF competitions from 2017 to 2024, beginning with the 2017 Africa Cup of Nations (AFCON) in Gabon this January.

  • Tanzania’s Hadza Nomads Use Technology To Protect Land, Honey, Traditions

    Tanzania's nomadic Hadza By Dana Sanchez, 5:26 pm

    Tanzania’s Hadza are some of the world’s last hunter gatherers, and they’re using technology to help protect the shrinking woodland they’ve depended on for 40,000 years. Carbon trading — a market-based method of regulating greenhouse gas emissions — is helping save their forest. The tools of their survival include marking the spot with GPS where trees have been illegally cut down. The Hadza monetized carbon savings by selling carbon offsets to local and international companies that want to to reduce their carbon footprint.

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