Tanzania: Latest News

  • Why Connectivity Is Key To African Growth

    By Tom Jackson, 6:56 am AFKI Original

    A recent McKinsey report on “digital globalisation” found flows of data and information now generate more economic value than the global trade in goods. Essentially, this means that an industry that did not exist 15 years ago is now bringing in more value to a country’s Gross Domestic Product (GDP) than the centuries-old trade in goods. That is quite something.

  • Can Solar Micro-Grids Transform The African Grid?

    solar power purchase agreements By Staff, 7:13 am

    Nearly 100 million people are now on the first steps of the energy ladder thanks to the rapid deployment of solar home systems in poor communities across the world. That’s incredible progress that marks the beginning, not the end, of clean energy access. With increasing attention being paid to the missing middle excitement about the opportunity to end energy poverty is palpable.

  • AfDB Approves $10M Equity Investment In TIDE Africa Fund

    emerging market capital flight By Kevin Mwanza, 8:52 am

    African development Bank (AfDB) approved a $10 million equity funding to boost Information and Communication Technology (ICT)-driven production and growth in six sub-Saharan Africa countries. The Technology and Innovation in Developing Economies (TIDE) Fund 1 will invest in companies that use new technology to provide affordable services in the energy, agribusiness, financial, education and healthcare sectors

  • African Govts. Holding $2B Revenue Owed To Foreign Airlines

    By Kevin Mwanza, 7:07 am

    The African Airlines Association (AFRAA) urged African governments to release about $ 2 billion in revenue owed to foreign carriers to avoid suspension or shut-down of operations on the continent. The pan-African body said that the Angolan, Nigerian, Egyptian and Sudanese governments have blocked repatriation of the earnings, which has also contributed to the turbulent market faced by several airlines.

  • Mapping The Tech Ecosystem At Africa’s Biggest Startup Event

    By Tom Jackson, 4:41 am AFKI Original

    Last year, the annual AfricaCom conference in Cape Town finally got serious about startups, launching the co-located AHUB event to bring together entrepreneurs, investors and other stakeholders from across the continent. The event took place for the second year last week, bigger and better, and allowing the ecosystem to join together to map the sector’s progress and discuss obstacles.

  • Opinion: Lesson For Africa On The Women’s Vote From The U.S. Election

    By Staff, 7:10 am

    scrutiny continues to mount on the various factors that led to his taking the vote. One of the more poignant factors was the role women played, spurning Hillary Clinton. This, despite allegations of Trump’s sexual misconduct and that, by electing him, women’s and minority’s rights were under threat. Let me start with the minority voters. A much shared YouTube video shows Nigerian writer, Chimamanda Ngozi Adichie, dismantling apologist arguments

  • 16 Entrepreneurs Vying For The Africa Prize For Engineering Innovation

    By Dana Sanchez, 1:26 pm AFKI Original

    Ugandan engineer Brian Turyabagye designed a biomedical smart jacket to quickly and accurately diagnose pneumonia, which kills 27,000 Ugandan children under the age of 5 every year. Most of these cases are due to pneumonia being misdiagnosed as malaria. He’s one of 16 African engineers who’ve come up with problem-solving innovations that got the attention of private and public stakeholders in the U.K. The 16 engineers are in the U.K. for 6 months of mentoring. They’re vying for a $30,000 prize.

  • Uganda’s Gorilla Baby Boom Gives Hope To An Endangered Species

    dangerous jobs in Africa. By Kevin Mwanza, 6:05 am

    Mountain gorillas, one of the world’s most endangered species, received a boost in Uganda after the nation’s wildlife conservation agency discovered three new-born in as many months, adding to the growing population after years of decline in its population. Uganda Wildlife Authority (UWA) made the discovery on Friday morning in the Bwindi Impenetrable Forest National Park

  • Carlyle Hedge Fund Loses $400M Invested In Moroccan Oil Refinery, ‘Misappropriated Outside The US’

    Carlyle hedge fund lost By Dana Sanchez, 3:36 pm

    A hedge fund with Carlyle Group LP, the world’s second-largest private equity firm, has lost $400 million it invested in 2015 in a Moroccan oil refinery deal, according to a securities filing. Saudi billionaire Mohammed al-Amoudi owns 67.26% of Morocco’s Samir refinery. The deal highlights the risks U.S. investors face in emerging markets that have unfamiliar investor-protection laws. Still, despite the risks, investors continue to find the lure of higher growth in emerging markets attractive.

  • Kenya’s Largest Bank To Enter Southern Africa Via Botswana Stock Exchange

    By Kevin Mwanza, 6:35 am

    Kenya Commercial Bank (KCB), the country’s largest by assets, is set to enter the Southern Africa market after it signed a deal with Motswedi Securities, a brokerage firm, to raise funds and trade at the Nairobi and Botswana Stock Exchanges. The move is part of the lender’s efforts to spread operations outside the Eastern Africa region and reduce reliance on the Kenyan market that accounts for 90 percent of its revenue.

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