Renson Mwakandana To finance its portfolio of Sahl banking assets, KCB Bank Tanzania released its first Islamic bond for Tsh10 billion ($4.4 million). The paper that complies with Sharia law was launched on November 9 and ends on December 5. According to KCB Tanzania managing director Cosmas Kimaro, “KCB Fursa Sukuk provides opportunities for Tanzanian and […]
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Renson Mwakandana Less than two weeks after Elon Musk became CEO of Twitter, there are already worries that the business is deciding to overlook significant dangers in its most important foreign growth regions. Reports of a major staff layoff at its only African location in Accra, Ghana’s capital city, surfaced on Friday, November 4. Since […]
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Renson Mwakandana Wes Moore, a Democrat, made history by becoming Maryland’s first Black governor. He takes over from Republican Larry Hogan, a centrist who managed to win elections twice in a state that is mostly blue. Moore scooped 906,765 votes (59.8%)among the 89% of the votes in. In his victory address, the newly elected politician reassured the […]
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Renson Mwakandana A proposal by one of its members to replace presidential term limits with an age limit has been rejected by Kenya’s ruling coalition. As it stands, a president can presently serve a total of two five-year terms under the country’s constitution. Salah Yakub, an MP representing Fafi Constituency, made a suggestion earlier this […]
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Renson Mwakandana Dr. William Ruto, President of Kenya, and Dr. Andrew Forrest, Executive Chairman of Fortescue, witnessed the signing of a legally binding Framework Agreement between the Government of Kenya and Fortescue Future Industries (FFI) on the sidelines of COP27 in a significant effort to replace imported polluting fertilizer. The Agreement intends to hasten Kenya’s […]
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Renson Mwakandana At least 19 passengers died when a passenger plane from Tanzania crashed into Lake Victoria while trying to land in the lakeside town of Bukoba. Operator Precision Air reported that 24 of the 43 passengers were still alive. The two pilots initially made it out alive and were able to communicate with local authorities […]
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Renson Mwakandana In an effort to switch from exporting raw nuts to ones with added value, a shipment of processed cashew nuts from Tanzania to the United States departed the country on Monday. The eight-ton shipment of cashew nuts that had been prepared was sent from Dar es Salaam to New Orleans, Louisiana via the […]
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Renson Mwakandana If the pilots’ planned strike at Kenya Airways occurs as planned, Kenya Airways stands to lose an estimated 300 million shillings ($2.5 million) every day. More than 400 pilots at the airline are represented by KALPA, which had issued a notice that will start a strike at midnight on Wednesday over pensions, accumulated back wages, […]
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Renson Mwakandana The findings of the national census, which were released on Monday, show that Tanzania’s population increased from 44.9 million in 2012 to more than 60 million in a ten-year period. President Samia Suluhu Hassan spoke about the issues presented by the population growth as it increased by over 37%. President Samia as stated […]
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Renson Mwakandana The expulsion of the Rwandan Ambassador in Kinshasa was announced by the DRC government on Saturday. Ambassador Vincent Karega was given 48 hours to vacate from his station in DRC. The expulsion comes after months of hostilities between the DRC and Rwanda on allegations that the latter supported the M23 rebels in the nation’s east. Patrick Muyaya, […]
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