OUR NEWS

January 29, 2020

Critical policies are to be harmonized to achieve a single currency for East Africa come 2024.

The process is already underway and will be followed by creation of requisite institutions to spearhead the drive.

"A single currency for the region by 2024 is outlined in the Monetary Union Protocol," said the East African Community (EAC) secretary general Liberat Mfumukeko on Monday.

He said in his New Year address to the EAC staff members...

August 23, 2019

The Tanzania Ports Authority (TPA) is planning to spend Sh10 billion to modernise and otherwise improve the infrastructures of all the ports on Lake Victoria.

TPA's Lake Victoria ports manager, Mr Morris Mchindiuzi, named the ports which will be improved as including Nyamirembe in Geita Region; Magagani and Nyamkwikwi in Kagera Region; Lushamba and Ntama in Mwanza Region, as well as Mwigobelo in Mara Region.

"Improvements of the ports...

April 24, 2019

Kampala — Uganda is set to export medical marijuana products to Canada and Germany worth Shs600b in June, Daily Monitor has learnt.

It has also emerged that on December 7, 2017, Uganda exported unrefined cannabis buds/ flowers to South Africa's National Analytical Forensic Services in Pretoria.

The order to Industrial Hemp (U) Ltd, a private company, was valued at $10,000 (Shs37.1m).

The marijuana exports from a farm in Kasese District...

April 17, 2019

The World Bank has promised to give Tanzania a $1.7 billion credit facility in the financial year 2019/20 for financing various economic and development projects.

A statement released by the ministry of Finance says the World Bank vice president for Africa, Hafez Ghanem, during a meeting with the minister for Finance Dr Philip Mpango in Washington. Mr Ghanem said relations between the country and the Bank are good and that the Bretto...

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