Skip to main content

Posts

Showing posts from July, 2019

Magufuli Set To Inaugurate East Africa’s Best Ultra Modern Terminal III

By Staff Reporters, Nairobi and Dar Infrastructural development tops President John Magufuli of Tanzania’s vision for a new Tanzania, says his recent interview on Forbes Africa. He pursues the vision not merely in words but through actions on the ground. This 1 st August, 2019, Tanzania will be inaugurating one of the East Africa’s ultra-modern Airport terminals at the Julius Nyerere International Airport (JNIA): branded as Terminal 3 which will ramp up the capacity of 6 million passengers a year.   It is worth noting that East African country started with JNIA Terminal I with the capacity of handling 500,000 passengers a year. Then came Terminal II boosted the handling capacity to 1.5 million passengers. The multibillion JNIA terminals III to be officiated by the president himself, was executed by BAM International as a contractor, and Arab Consulting Engineers (ACE) of Egypt as project consultant. Works and Transport Minister Isack Kamwelwe recently told

Mobile money: Abuja central bank gives MTN Nigeria green light

  MTN Nigeria Communications PLC debuted May 16 on the Nigerian Stock Exchange in Lagos [Temilade Adelaja/Reuters] A subsidiary of MTN Nigeria Communications PLC has been awarded a licence by the country's central bank in Abuja that would allow it to provide financial services, the telecoms firm said on Monday. Nigeria announced last year that it would allow telecom companies to provide banking services, aiming to give millions of Nigerians without bank accounts access to mobile money services - which have been successful elsewhere in Africa .

Kenya makes strides on doping, but hurdles remain

  David Rudisha (File) Nairobi - Kenya suffered international embarrassment in 2016 when a string of doping scandals brought the country famed for its distance runners within a whisker of disqualification from the Rio Olympics. "It was a time when Kenya faced an enormous challenge in terms of the very integrity of our sports," said Japhter Rugut, who heads the Anti-Doping Agency of Kenya (ADAK), established in the wake of the scandal. Kenya scraped through to Rio. But while its sporting authorities promised to clean up their act, Kenyan athletes have proved harder to convince. A year after the scare, Jemima Sumgong - who in Rio won Kenya's first-ever Olympic gold in the women's marathon - tested positive for the banned substance erythropoietin (EPO) and was suspended. In 2018, thr

ZITTO KABWE: WHOSE INTERESTS ARE YOU SERVING?

By Johnson Dube, Durban, S.A. I have been following up the tussle between the Government of Tanzania and Acacia Plc ever since it began more than two years ago. I am fascinated by the emerging African patriotism.  I am proud whenever an African country takes the big boys by the horns to wrench a fair deal from the onerous arrangements which the foreign multinationals managed to extract from our Governments, whether coercively, deceitfully or corruptly. Undeniably, in this effort, Tanzania is admirably the leading light to other African countries. Recently I have been reading communications from one Mr. Zitto, a Tanzanian Member of Parliament (MP). I am informed he is a vocal opposition MP who devotes his time, among other arears, on mining sector reforms. But what I see, he is on a campaign to derail the efforts by Barrick to takeover Acacia Plc and satisfy the pre-condition demanded by the Government. As a keen follower of the developments I have come to understand tha

Magufuli’s New Magic: Tanzania Revives India Flight after 17 Years, Launches Goods Train After 13 Years

By Staff Reporters , 18th July, 2019:  Flight Boeing 787 Dreamliner In what may be described as massive shift on Tanzania’s development paradigm, the current administration under reform minded President, Dr. John Pombe Magufuli is aggressively continuing to unveil surprises across sector delivery. On 17 th July, 2019 Tanzania which under three years of President Magufuli has purchased six new planes, made a remarkable comeback by reviving its first outside Africa flight to Mumbai, India, after 17 years of stoppage. The New Route, operated from the newly constructed Terminal III in Dar es Salaam, and through a new aircraft Boeing Dreamliner, was successfully completed in 5 hours and 30 minutes direct from Dar es Salaam to Mumbai, cutting the rout by hours and costs if one would take other commercial flights with one or more connections. “The flight today revived the history between these two countries after 17 years of Air Tanzania’s failure to reach out to Ind

Uganda's gold boom leaves small-scale miners behind

  This small-scale gold processing centre in Uganda is one of a growing number that seems to be left out of the country's gold boom [Alice McCool/Al Jazeera] "There's gold over there but they don't let us touch it," says Jalia Namatovu, pointing to hills covered in a thick layer of vibrant green forest in Mubende, Central Uganda. Here lie some of the country's rich gold reserves, which are increasingly being explored by Ugandan and foreign companies alike. Jalia Namatovu, 39, explains how miners in Mubende mine and process gold [Alice McCool/Al Jazeera] "It's owned by a muzungu [white person]. Villagers say the company put crocodiles in the river so we can't get in. They get their water from somewhere else now," she laughs darkly. Namatovu is a small-scale or artisanal gold miner - although the mineral has not actually passed through the 39-year-old's hands in nearly two years. "I'm hopeful we&#

Kenya: A recovering economy with indebtedness building-up

ANALYSIS | Jul 10, 07:56 GMT The political appeasements along with several reforms to improve the business climate have allowed a macroeconomic recovery since 2018 in Kenya. However, the fiscal position remains weak: on one side, budget deficits have reached an average of 8% of GDP over the last five years; on the other side, debt interests have attained 21% of estimated revenues in 2018 against 13% in 2014. Moreover, the increasing tapping of non-concessional external loans is a growing vulnerability: in May, Kenya issued its third Eurobond for an amount of 2.1 billions of dollars, in two tranches with 7-year and 12-year tenors. Country’s repayment ability has lessened and the government has restarted the negotiations with the IMF to obtain a new financing agreement in 2019, after the previous loan’s expiration in 2018.  But