Tanzania Financial News

Kashasha, Tanganyika (now Tanzania) in 1962. Among boarding school kids, laughter rather than sickness spread. The school's three females were the first to break out into uncontrollably loud laughter on January 31st, starting the chain reaction that quickly spread to many others, as per the reports of the 'metro.co.uk'.

Subscribe to enjoy similar stories.NEW DELHI: India’s avocado demand is surging, but domestic supply is still playing catch-up, keeping the country reliant on imports even as local cultivation expands.Government data show imports have more than tripled in two years, rising to $42.27 million in FY26 (till February), from about $27 million in FY25 and $13.5 million in FY24. Domestic output, meanwhile, has increased more gradually—from about 6,000 tonnes in 2023 to around 9,000 tonnes in 2026, experts said.The mismatch highlights a widening gap: rising health-driven consumption is outpacing India’s nascent production base, forcing the market to lean on overseas suppliers even as farmers begin to scale up planting.The area under avocado cultivation has expanded over the years, with farmers in Karnataka, Kerala, Tamil Nadu, Sikkim and parts of Maharashtra responding to growing urban demand.

Essel Propack after its merger with Swiss firm Propack in 1997. Over the next two decades, Essel Propack built a strong international footprint across the Americas, Europe, Asia, and Africa.In 2019, Blackstone invested $460 million to acquire a 75% stake in the company, and renamed it EPL.

Three recent orders of the Securities Appellate Tribunal (SAT) mark an inflection point in Indian securities law. Individually, they address disclosure lapses, alleged accounting manipulation, fraud under Sebi’s Prohibition of Fraudulent and Unfair Trade Practices relating to Securities Market (PFUTP) Regulations, initial public offering (IPO) fund utilization and interim relief. Collectively, they pose a larger question: What model of corporate governance enforcement is India converging towards—the letter of the law, substantive transparency or calibrated market pragmatism?The first ruling, in the Varun Beverages case, sharpens the meaning of disclosure.

The Andaman Skies is transferring its cargo of crude oil to the Sao Tome and Principe-flagged vessel Ozanno, the sources said. While many buyers have shunned Russian oil since Moscow's invasion of Ukraine in 2022, India and China have remained keen buyers. India is the biggest buyer of seaborne Russian crude, which accounted for about 35% of its crude imports in 2024. However, port authorities last week barred the more than 20-year-old Andaman Skies from entering India's port of Vadinar as its seaworthiness certificate was not issued by an Indian-approved classification agency. The Tanzania-flagged vessel, carrying about 100,000 metric tons (or some 800,000 barrels) of Varandey Russian oil sold by Lukoil from the northern port of Murmansk, is sitting off the port of Mumbai in western India, LSEG shipping data shows.

Subscribe to enjoy similar stories. New Delhi: The Centre is ramping up efforts to stabilize prices of tur (pigeon pea), a key staple in Indian diets, by targeting a buffer stock of 1 million tonnes for the fiscal year 2025-26, according to two people familiar with the matter. The consumer affairs ministry is leading the effort amid expectations of rising domestic production and a declining price trend.

While the consumption of «green beer» and several popular Irish beverages is one of the most common traditions associated with the festival, there's no harm in throwing a bucket of fried chicken and some great sporting fixtures in the mix.

Nirmala Sitharaman tabled the Economic Survey 2024-2025 in Parliament on Friday. The survey indicated that India has diversified its export basket not only in terms of commodities but also in its export markets. Commodities such as optical items, medical-scientific instruments, lifts and cranes have been added to this new kitty of the export basket with new export markets, such as Zimbabwe, Tanzania, Jordan and Honduras.

Bharti Airtel’s Africa business reported an over 11-fold on-year jump in net profit to $169 million in the fiscal third quarter, on the back of a $94 million exceptional gain triggered by appreciation in key African currencies and a sharp fall in net finance costs.

Subscribe to enjoy similar stories. As India races towards an electric future, powered by renewable energy and electric vehicles (EVs), a looming question casts a shadow on this green ambition: what happens to millions of EV batteries at the end of their life? With gigafactories rising and mining for critical materials like lithium and cobalt taking an environmental toll, the need for a robust battery recycling ecosystem has never been more urgent.

Varun Beverages (VBL), PepsiCo's largest franchise bottler in India, set for outperformance, domestic brokerage firm Antique Broking has given a target price of Rs 710 on the stock while retaining their ‘buy’ rating on the same. This represents an upside of nearly 10% for the stock from its previous closing price.

Lobito Corridor Trans-Africa Summit in Angola. The summit, held with leaders from Zambia, the Democratic Republic of the Congo, and Tanzania’s vice-president Philip Mpango, saw Biden closing his eyes and resting his hand on his face during Mpango’s speech. Though wearing an earpiece for translations, all speeches were in English.

President Joe Biden is finding ways to celebrate trains in the waning days of his presidency thousands of miles from home

cement maker Holcim will exit its Nigerian business through the sale of its almost 84% stake in Lafarge Africa to China's Huaxin Cement in a $1 billion deal, it said on Sunday. The deal aligns with Holcim's strategy to streamline its portfolio and focus on high-growth regions, including the coming spin-off of its North American business, which remains on track for a US listing in the first half of 2025.

The UK officially launched the Global Clean Power Alliance at the G20 Summit in Rio de Janeiro yesterday, fuelling hopes that a growing coalition of countries are willing to push for an ambitious new climate agreement at the COP29 Summit in Baku. Brazil, Australia, Barbados, Canada, Chile, Colombia, France, Germany, Morocco, Norway, Tanzania, and the African Union have committed to supporting the new alliance's first 'Mission', while the US and EU have been named as partners of the initiative.  COP29: Keir Starmer confirms UK will aim to cut emissions 81% by 2035 Prime Minister Kei...

A new study says private jet carbon pollution soared 46% from 2019 to 2023

A regional partnership for Nile River basin countries says an agreement on the equitable use of water resources has come into force despite the notable opposition of Egypt

UPI should be charged or be conducted, as it has been since 2020, without a merchant discount rate (MDR) to boost digital transactions. Either way, technology adoption is at the fulcrum of the growth of digital financial services (DFS). With UPI at the forefront, NPCI has formed strategic partnerships with several countries to enable digital payments and facilitate cross-border transactions. These collaborations not only provide Indian expats with a familiar way to pay but also enhance financial inclusion, while improving cost- and time-efficiency of digital payments in these regions. By establishing UPI-based payment corridors with banks in West Asian and African countries, these initiatives are building a secure and reliable digital payment infrastructure that supports economic development. As instant payments grow, its influence on the economic landscape of these regions becomes increasingly evident. In India alone, DFS has played a critical role in expanding the digital economy 2.4 times more rapidly than the overall economy.

Kashmir on Wednesday to witness the ongoing assembly elections. The delegation comprised diplomats from Delhi-based missions of the US, Mexico, Guyana, South Korea, Somalia, Panama, Singapore, Nigeria, Spain, South Africa, Norway, Tanzania, Rwanda, Algeria and the Philippines, people familiar with the matter said. Most of the embassies are represented by their Charge d'affaires and deputy chief of missions, they said. Others are represented by political officers at minister-counselor and counselor ranks.

Suresh Narayanan, chairman and managing director of Nestle India. When the 64-year-old is not looking at volume growth and operating margins, the uptick of Maggi and the prices of cocoa, he sets his sights on rocky trails and mountain peaks. An avid trekker and mountaineer, he went on a weeklong arduous trek with a band of friends to Tosamaidan, at a height of 13,000 ft, in Kashmir, a couple of months ago. It is not just Narayanan. A growing tribe of corporate chieftains, in their 50s and 60s, take a break from their corner office for the arduous outdoors. They swap one set of challenges for another as they travel to tough terrains. Some climb Mount Kilimanjaro in Tanzania and Machu Picchu in Peru. Others make their way to the Everest base camp or Kang Yatse in Ladakh. Nearer home, Uttarakhand, Kashmir and Himachal Pradesh are their playgrounds. These executives dare themselves at every stage. The discipline required to push through challenging conditions is something they often bring back to the boardroom.