Tanzania

Tanzania Set to Launch New Oil and Gas Licensing Round in May 2025

3 months ago

Tanzania is gearing up to initiate its fifth licensing round for oil and gas exploration this coming May. The Tanzanian government has been proactive in expanding its hydrocarbon sector, aiming to attract international investors and boost its economic growth.

Deadly Marburg Virus Suspected in Tanzania: WHO Reports Eight Fatalities

5 months ago

The World Health Organization (WHO) has recently announced a troubling rise in suspected Marburg virus cases in Tanzania, where eight individuals have reportedly died from the illness. This resurgence has raised concerns about a potential outbreak in the region, necessitating urgent public health interventions and increased surveillance.

Billionaire Motsepe Faces Legal Battle Over $195 Million Lawsuit in Tanzania

7 months ago

In a high-stakes legal battle, billionaire Patrice Motsepe is embroiled in a significant lawsuit originating from Tanzania, where he is accused of failing to comply with a contractual agreement that involves a staggering $195 million. This case has attracted considerable media attention, given Motsepe's noteworthiness as one of Africa's wealthiest individuals and a prominent figure in the mining and investment sectors.

IMF Strikes $266 Million Deal with Tanzania to Boost Economic Stability

8 months ago

In a significant development for Tanzania's economic landscape, the International Monetary Fund (IMF) has formalized an agreement with the East African nation that will unlock $266 million in funding. This financial support is crucial for Tanzania as the nation seeks to bolster its fiscal health and navigate the challenges posed by both global economic fluctuations and domestic pressures.

Tanzania Implements Economic Shift by Mandating Gold Sales to Central Bank

8 months ago

The government of Tanzania recently announced a major policy turnabout, requiring all miners to sell gold directly to the country's central bank. This bold move aims at maintaining the national economy on an even keel by increasing its precious metal reserves.