London, March 22, 2024 – Moody’s Investors Service has announced the upgrade of Tanzania’s long-term issuer ratings to B1 from B2, with a change in outlook from positive to stable. This decision underscores Tanzania’s robust economic performance amidst various external shocks and its commitment to fiscal prudence. Tanzania’s upgraded rating to B1 is a testament to its consistent economic…
In the realm of agriculture, water quality plays a pivotal role in the success of irrigation systems and, consequently, crop yield. Addressing this crucial aspect, FEC WATER Projects Department introduces its innovative Hard Water Treatment Systems, tailored specifically for irrigation purposes. With a steadfast commitment to customization and quality, these systems are set to revolutionize irrigation practices by ensuring…
Nairobi: In a move that is bound to send ripples through the financial markets of East Africa, KCB Group Plc has announced a landmark agreement that will see the complete acquisition of National Bank of Kenya Limited (NBK) by Nigeria’s financial giant, Access Bank Plc. This development, announced on March 20, 2024, not only underscores the growing Pan-African ambitions…
Dar es Salaam, Tanzania Tanzania’s agricultural sector is witnessing an unprecedented boom, particularly in the realm of avocado exports, showcasing a period of substantial growth under the astute leadership of President Samia Suluhu Hassan. Jacqueline Mkindi, an influential stalwart in the agricultural domain and the CEO of the Tanzania Horticultural Association, highlights a striking surge in avocado exports from…
Tea Board of Tanzania Embarks on Nationwide Training Program to Revolutionize Tea Cultivation Dar es Salaam, Tanzania – In an initiative aimed at revitalizing the Tanzanian tea sector, the Tea Board of Tanzania (TBT) has announced the launch of a comprehensive training program focused on investment and input purchase financing mechanisms for cost minimization. This strategic move is designed…
Nairobi, 18 March 2024 – President William Ruto of Kenya is poised to lead a high-profile government delegation to the fourth American Chamber of Commerce Kenya (AmCham) Business Summit scheduled for April 24–25, 2024, in Nairobi. The Summit, known for its pivotal role in fostering US-East Africa trade relations, is expected to attract nearly 1,000 delegates, including prominent business…
Dar es Salaam, Tanzania – The Tanzania Private Sector Foundation (TPSF) has announced a pivotal meeting aimed at aligning the private sector’s interests and insights with the upcoming Millennium Challenge Corporation (MCC) Threshold Program in Tanzania. This consultative meeting is set to take place on Thursday, March 21st, 2024, at the TPSF Boardroom, from 12:00 p.m. to 1:30 p.m….
Kilimokwanza.org Reporter “Agriculture means business! It was fascinating to see how SAGCOT and its partners are spearheading responsible, private-sector-led agricultural innovation, contributing to Tanzania’s food security and economic growth,” stated Her Excellency Madam Tone Tinnes, the Norwegian Ambassador to Tanzania. She commended Norway’s sustained support for SAGCOT since its inception in 2012. Her tour included stops at the regional…
Kilimokwanza.org Reporter For years, Tanzanian tea traders and producers faced the challenge of participating in the Mombasa Tea Auction in Kenya, which, being the largest of its kind in the world, came with high logistical and operational costs. This reliance on an external auction platform meant increased expenses for Tanzanian stakeholders, affecting the overall competitiveness and profitability of the…
By Kilimokwanza.org Team Rice farmers have been advised to use integrated climate-resilient rice production (SRP) methods for sustainable rice production. These methods will help reduce the effects of climate change and produce rice that meets international market standards. The call was made recently in Morogoro town during a seven-day SRP training organized by the Food and Agriculture Organization of…