Tanzania: Latest News

  • Fastjet Survival In Question As Cash Runs Out For African Budget Airline

    Fastjet Survival By Dana Sanchez, 12:34 am

    The low cost airline model has been successful on every other continent. Why not Africa? Budget African Airline Fastjet plans to move its headquarters from London to Johannesburg and reduce its fleet from five to three leased aircraft to cut costs and reassure investors as the airline bleeds money. Fastjet’s plans to fly more planes didn’t pay off. Now the airline is in reduction mode.

  • Africa Proving Bitcoin Is So Much More Than Just Remittances

    By Tom Jackson, 7:17 am AFKI Original

    Just because individual Africans couldn’t get their heads round using bitcoin to send money, doesn’t mean it has no useful application on the continent and globally. Just last week, Barclays Africa was at the centre of the major development in blockchain technology that could change the way international trade is conducted. Alongside Barclays UK and Israeli tech startup Wave, a graduate from the Barclays Accelerator in New York,

  • Jetlink Face Wind-Up As East Africa’s Low Cost Airline Market Gets Tough

    By Kevin Mwanza, 7:49 am

    JetLink Express Limited, a Kenyan-based low-cost airlines that operated in the East Africa region could wind-up it operations by the end of this year after a local court allowed a petition to dissolve it over a $39 million debt it owes several companies. The ruling was made after FineJet Ltd, an oil company in the East African nation, sought legal action against the airline for failing to pay $161,990 for jet fuel that was supplied in 2012

  • Digital Crowdfunding Has Huge Potential In Africa

    By Kevin Mwanza, 6:22 am

    Digital crowdfunding has the potential to build African economies through creation of employment, in a continent where it accounted for less than 0.1 percent of the $34 billion raised globally last year. Growing investor interest in crowdfunding platforms across Africa is quickly turning in to a legitimate and easier way of souring for startup capital on the continent, according to CrowdExpert.

  • Bookings For Travel To Africa Are Up 11 Percent Through December

    Bookings for travel to Africa are up By Dana Sanchez, 5:56 pm

    International bookings for travel to Africa look highly encouraging through December, according to travel intelligence firm ForwardKeys. Travel within Africa is ahead 9.4 percent for the year. Europe, with more than 60 percent of forward bookings, is ahead 11.3 percent. North Africa has seen slow growth or even decline — people are scared to travel there — while East Africa has seen double-digit growth. Tourism tends to take up to two years to recover after terrorists attack tourists.

  • 3 Economies Account for Half Of Africa’s GDP. Here Are The Top 10

    Africa's GDP By Dana Sanchez, 3:27 pm AFKI Original

    With investors showing increased interest in African equity and bond markets and through direct investment, data issues are getting more urgent. Accurate and transparent statistics are essential indicators of economic potential, economists say. African countries generally fail to accurately record the size of the informal economy which could account for up to 62.7 percent of GDP. Three of the 10 countries listed here are expected to see their GDPs decrease in 2016. For others, it’s still Africa rising. Here’s what we know.

  • Uber Debuts Self Driving Cars: What It Means For Africa

    Uber debuts self driving cars By Dana Sanchez, 11:23 am

    In the same way that ATMs did not make bank branches obsolete, autonomous cars won’t make Uber drivers obsolete, said Alon Lits, managing director of Uber sub-Saharan Africa. All the major auto makers are experimenting with autonomous vehicles, but Uber, which has disruption embedded in its DNA, is the first to actually put it to test on city streets with everyday commuters. The Uber test cars in Pittsburgh aren’t actually self driving. Uber employees are behind the wheel in case the cars’ self-driving systems make mistakes.

  • Africa Loses $14B Annually In Tax Evasion, Undermines Growth Of Economies

    By Kevin Mwanza, 1:57 am

    African countries lose billions of dollars in tax evasion schemes, which are undermining the growth of economies on the continent, scaring away investors and creating unequal opportunities across the continent. The continent, which is the least developed globally, loses about $14 billion in tax evasion annually, according to a report published by Oxfam. The money could be used to save four million children from early mortality

  • 14 Top East and West African Fashion Designers Showcased At African Union

    By Keren Mikva, 5:11 pm AFKI Original

    Burkina Faso’s De La Sébure mixes the warmth of African colors with modern European styles, reflecting the founder’s native Burkina Faso and adopted home in Europe. The clothes use elegant flair, vibrant colors, and refined materials to create something entirely its own. De La Sébure is one of 30 top designers from African countries being showcased at an African fashion reception, underway at the African Union headquarters in Addis Ababa.

  • Funding For African Tech Startups Is Snowballing In 2016

    African startups By Tom Jackson, 3:32 am AFKI Original

    The African tech space continues to buck the continental trend, clocking up an increase in funding as other sectors face less certain economic times. Last year, according to a report by Disrupt Africa, over 120 African tech startups received a total of $185.7 million in funding. This year looks set to be another bumper year, if notable rounds for the likes of South Africa’s WhereIsMyTransport and Zimbabwe’s Esaja in the last few weeks are anything to go by.

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