Tanzania settles third mining case

Shutterstock, Maksim Safaniuk A Canadian mining company says Tanzania has agreed to pay US$27 million to settle an ICSID case over the revocation of mining licences – the third settlement the state has reached with investors who held those permits. …

Rising sea levels, flooding threaten lives in Tanzania’s Dar es Salaam

DAR ES SALAAM, Tanzania: People have been moving to Tanzania’s commercial hub in droves, drawn by its booming economy. But the rapidly expanding population has put the infrastructure of Dar es Salaam under strain, and it is now buckling under poor urban …

Bank of Tanzania blocks 69 unlicensed loan apps

DAR ES SALAAM: The Bank of Tanzania (BOT) has banned 69 digital lending applications for operating in the country without the required licenses and permits from the lender of last resort. In a statement issued on Thursday, Central Bank Governor Emmanuel …

Tanzania organic honey producer Swahili Honey expands market with inaugural export to Japan

TANZANIA – SWAHILI Honey, a leading provider of premium honey in Tanzania and East Africa, has reached a significant milestone by exporting its first 20-ton shipment of organic honey to Japan. The company’s CEO, Joseph Kadindula, expressed gratitude for …

Tanzania, Finland team up to unlock mining potential

Dar es Salaam. Tanzania has entered into a strategic partnership with the Geological Survey of Finland (GTK) to enhance its mining sector. The collaboration aims to leverage Finnish expertise to improve mineral exploration, promote sustainable mining …

Australia invests Sh10 trillion in Tanzania mining industry

Dar es Salaam. The Australian High Commission said yesterday that mining contracts signed with Australian companies in the past two years are valued at over Sh10 trillion ($3.6 billion), according to a recent estimate from the Tanzanian government. The …

Tanzania's new electric train ferries 1 mln passengers in four months

Montero secures $27m settlement in Tanzania rare earths dispute

Canada-listed Montero Mining and Exploration has reached a resolution in its long-running dispute with Tanzania over the expropriation of the Wigu Hill rare earth element (REE) project, confirming a $27-million settlement. Tanzania pay Montero in three …

Tanzania's newly launched SGR electric train ferries 1 mln passengers in four months

DAR ES SALAAM, Nov. 21 (Xinhua) -- At least 1 million passengers have traveled aboard the standard gauge railway (SGR) electric trains between Dar es Salaam, Morogoro, and Dodoma, the capital of Tanzania, since the service's launch four months ago, an …

NCT, ENAIP MoU to boost tourism training in Tanzania

DAR ES SALAAM: THE National College of Tourism (NCT) and Ente Nazionale ACLI Istruzione Professionale (ENAIP) have signed a Memorandum of Understanding (MoU) to enhance collaboration in developing the skills of trainers and students in the country’s …