Tanzania’s president ordered the military on Wednesday to build walls around its tanzanite mines and directed the central bank to buy the precious stone to boost reserves – the latest twist in a spat with […]
Category: Tanzania
Tanzanian tough talk is turning off investors
Tanzanian President John Magufuli’s deepening dispute with companies he accuses of being tax cheats is rattling investors and dimming the allure of one of Africa’s fastest-growing economies. Since taking office in late 2015, Magufuli has […]
Tourism growth in Africa opens opportunities for Mozambique
Tourism is growing significantly in Africa and Mozambique is one of the destinations that has benefited from the increase in the number of foreign tourists, according to figures released by the Euromonitor International consultancy. The […]
Petra Shutters Tanzanian Mine After Diamond Shipment Seized
Petra Diamonds Ltd. halted production at its mine in Tanzania after the government seized a parcel of diamonds suspected of being undervalued, as a dispute between the state and foreign-owned mining companies widens. Petra shares […]
Tanzania’s Zanzibar to upgrade airport to woo more tourists
Tanzania’s semi-autonomous Zanzibar archipelago will upgrade Pemba Airport to an international one so as to boost tourism, an official said Wednesday. The move is also meant to improve aviation services in the Indian Ocean archipelago, […]
Only 10 out of 2000 Tanzanian companies pay mining taxes
Tanzania is experiencing an increase in tanzanite revenue losses due to the unscrupulous trading and jewel smuggling in the country. Government however is moving to establish a tanzanite processing zone, which may prove to be […]
