Saturday 23 September 2017
(Bloomberg 08/02/17)
Julien Ochala can’t live without his morning cup of Joe. But not just any coffee will do. For the past five years, the 37-year-old physiology lecturer at King’s College London has visited the same store every week to grab a pack of his beloved Kenyan brew. And he’s not put off by the cost: at 37 pounds a kilogram ($22 a pound), it’s more than double a similar supermarket product. "I take Kenyan coffee every morning," said Ochala, who buys his beans from Monmouth Coffee Company in Borough Market. "I love it because of the relatively higher acidity level. It keeps me active in the afternoons." Customers willing to pay a premium for African brews, known for their floral, fruity...
(Reuters (Eng) 08/01/17)
The Tanzanian government and Barrick Gold have started talks to resolve a tax dispute involving the Canadian company's subsidiary Acacia Mining, the president's office said on Monday. The government accuses Acacia, which is 63.9 percent owned by Barrick, of evading taxes for years by under-declaring exports and has banned exports of gold and copper concentrates. Acacia denies the accusations, which have pummelled its share price, and said last week it had been hit with a $190 billion tax bill, which is equivalent to four times the East African country's annual gross domestic product. "Talks between a special committee formed by President John Magufuli and representatives
(APA 08/01/17)
Prime Minister, Kassim Majaliwa has launched a Methadone Clinic at the Mbeya Zonal Referral Hospital (MZRH) in the Southern Highlands whose full capacity is up to 1,500 clients a day. The Premier launched the clinic on Monday in Mbeya region. “This is the fifth methadone clinic in the country; it is encouraging to see that the Mbeya Zonal Hospital will now, offer services to our youth who are injecting opioid drugs,” he said. He said in a statement that providing Opioid Substitution Therapy (OST) or Medically Assisted Treatment (MAT) is one of the HIV prevention strategies the government is working on, through the Ministry of Health in its attempts to reduce the risk factors for HIV/AIDS. He said the newly-...
(Bloomberg 08/01/17)
British American Tobacco Plc faces a formal probe by the U.K.’s Serious Fraud Office following reports that the maker of Dunhill cigarettes bribed African government officials to influence tobacco legislation. BAT said Tuesday it is running its own investigations, via external legal advisers, into allegations of misconduct and is cooperating with the U.K. prosecutor. A BBC report two years ago said BAT had a lobbyist arrange bribes totaling $26,000 for three public officials in Rwanda, Burundi and the Comoros Islands in 2015. The British broadcaster said the bribery was revealed by a former employee, Paul Hopkins. At the time, BAT said “we do not tolerate corruption in our business, no matter where it takes place.” The SFO investigation adds to...
(The Citizen 07/31/17)
Prime Minister Kassim Majaliwa insists that Tanzania isn't a route for narcotic drug trade. He revealed this at the Tanzania-Malawi border post at Kasumulu. The Premier, who is on tour of Kyela directed officials at the border post to conduct thoroughly inspection on people living or entering the country. Mr Majaliwa said there are some unscrupulous officials, who have been collaborating with drug dealers. "You should enhance inspections on cars and people, who are entering the country because Tanzania isn't a drug trafficking corridor," said Mr Majaliwa. He also insisted the need for establishment of Bureau de Change in the border post to control, what he termed as illegal exchange of money, which has been denying government revenues," said the...
(Reuters (Eng) 07/28/17)
Barrick Gold Corp, the world's largest gold miner by production, has an "open mind" and is "very positive" about talks getting underway with Tanzania to resolve an export ban, President Kelvin Dushnisky told Reuters on Thursday. Barrick subsidiary Acacia Mining Plc has two mines affected by a ban that Tanzania introduced in March, accounting for some 6 percent of Barrick's 2017 gold production forecast. Barrick maintained its forecast for output of 5.3 million to 5.6 million ounces of gold, but cautioned that could change. "Given that the discussions are just starting now, and just underway, from our perspective it's too early to go to any conclusion," Dushnisky said in an interview. "We just want to see how the discussions continue...
(The East African 07/28/17)
The long-running cross-border trade spat between Kenya and Tanzania has resumed barely four days after the two countries signed a pact removing restrictions that had cost traders billions of shillings by the time it was resolved last Sunday. The Kenya Association of Manufacturers (KAM) yesterday said Tanzania had maintained a number of restrictions that existed before the Sunday truce, making it hard for Kenyan products to access its market. Kenya's Foreign Affairs minister, Amina Mohamed, and her Tanzanian counterpart, Augustine Mahinga, announced last Sunday that the two neighbouring states had agreed to end the import restrictions after ironing out long-standing trade differences.
(Xinhuanet 07/28/17)
People with albinism in rural Tanzania continue to live in fear due to widespread attitudes that lead to violence against them despite attacks against them declining, a UN expert who visited the country said Friday. The UN Independent Expert on the enjoyment of human rights by persons with albinism, Ikponwosa Ero, said in a statement that more work is needed to address witchcraft and educate the public. "People with albinism continue to live in a very fragile situation, as the root causes of the attacks against them remain rampant, and the effects of over a decade of violations have taken their toll," she said. Albinism is a congenital disorder in human beings characterised by the complete or partial absence of...
(Reuters (Eng) 07/28/17)
Barclays reported a 1.2 billion pound ($1.57 billion)attributable first half loss on Friday after taking a 2.5 billion pound hit from the sale of its Africa business and calling an end to its restructuring. The British bank said it had made a 1.4 billion pound loss on the sale of 33 percent of Barclays Africa Group, and took a further 1.1 billion pound impairment charge on the sale. Barclays in June cut its stake in Barclays Africa Group to 15 percent, ending more than 90 years as a major presence in the continent as it shifts its focus back to Britain and the United States. The losses from the sale of unwanted assets including the Africa business showed the costs...
(Business Daily 07/27/17)
The long-running cross-border trade spat between Kenya and Tanzania has resumed barely four days after the two countries signed a pact removing restrictions that had cost traders billions of shillings by the time it was resolved last Sunday. The Kenya Association of Manufacturers (KAM) yesterday said Tanzania had maintained a number of restrictions that existed before the Sunday truce, making it hard for Kenyan products to access its market. Kenya’s Foreign Affairs minister, Amina Mohamed, and her Tanzanian counterpart, Augustine Mahinga, announced last Sunday that the two neighbouring states had agreed to end the import restrictions after ironing out long-standing trade differences. Kenya lifted the restrictions it had imposed on Tanzanian wheat flour and liquefied petroleum gas (LPG) while Tanzania...
(Reuters (Eng) 07/27/17)
Barrick Gold Corp, the world's largest gold miner by production, reported better-than-expected quarterly earnings on Wednesday as its mining costs fell and said it would begin talks with the Tanzanian government next week about an export ban. Barrick subsidiary Acacia Mining has three mines in Tanzania, which introduced an export ban on concentrates of gold and copper ore in March. Acacia's operations affected by the ban account for about 6 percent of Barrick's 2017 gold production forecast. Even so, Barrick left unchanged its forecast at between 5.3 million and 5.6 million ounces of gold, but it cautioned that this could change. "Barrick continues to monitor the situation and should Acacia revise its full-year outlook Barrick will evaluate the impact to...
(Xinhuanet 07/27/17)
Tanzania has come up with a national land use planning commission to resolve the escalating human-wildlife conflicts, particularly for communities living close to the country's national parks. "We believe that the ongoing human-wildlife conflicts will be resolved after the formation of the commission," said Alan Kijazi, Director General of Tanzania National Parks (TANAPA) when revealing the new development on Thursday, Kijazi said that the commission will be officially launched next week in the east African nation, which in total has 16 parks. He explained that the human-wildlife conflict is contributed by a number of factors including climate change, whereby wildlife have been getting out of the conservancies into people's homes in search of water and sometimes food. "There are people...
(AfricaNews 07/27/17)
In this weeks’s travel segment we head in the direction of Tanzania. According to SafariBookings.com, the largest online marketplace for African safari tours, Tanzania is Africa’s best safari destination. The website conducted an analysis of more than 2,500 expert and safari-goer reviews and declared Tanzania the best safari country in 2017. According to the Tanzania Tourist Board, almost 2 million tourists are expected to visit the country this year. We also take a look at the annual Wildebeest Migration in Kenya and Tanzania. This is one of the remarkable wildlife attractions that makes the two countries one of the best wildlife destinations in the world.
(AfricaNews 07/27/17)
At a time when Africa is going through a difficult situation, the blue economy is emerging as a stepping stone to relaunch the continent in the right economic direction. But this type of economy is seriously threatened by “predators” who do not hesitate to plunder resources. The “cancer of illegal fishing” costs Africa about $ 1.6 million annually based on Economic Commission for Africa’s estimates. This and more on this week’s edition segment on Business on the Morning Call with Jean David Mihamle.
(Bloomberg 07/26/17)
Tanzanians are being cheated out of the country’s mineral wealth and should take more control of their natural resources, President John Magufuli said. Investors in Tanzania’s mining industry have “stolen” from the country by failing to provide a fair share of the revenue they generate from gold and other minerals, Magufuli said in a speech in the central region of Singida on Tuesday. “We are surrounded by wealth; we have to stand up and protect it,” he said. “It shouldn’t happen that we have all this wealth, sit on it, while others come and benefit from it by cheating us.”
(The Citizen 07/26/17)
Dar es Salaam/Arusha — Tanzania and Kenya plan to form a joint committee and set up a channel of communication to deal with future trade disputes. The decision was reached during a meeting between the Minister of Foreign Affairs and East African Cooperation, Dr Augustine Mahiga, and his Kenyan counterpart, Ms Amina Mohamed, last Sunday in Nairobi. The two ministers met to discuss a trade dispute triggered by Kenya's ban on cooking gas imports from Tanzania. Dr Mahiga told reporters on Monday in Dar es Salaam that in addition to the joint trade committee, the two countries would also set up a communication channel to facilitate real time consultations in case of a trade dispute. The proposed committee will supplement...
(Reuters (Eng) 07/26/17)
Acacia Mining's shares fell for a sixth straight session on Tuesday, a day after the gold miner was hit with a tax bill of more than $190 billion by the Tanzanian government. Shares in the London-listed miner closed 8.5 percent lower at 169 pence, having had more than two-thirds wiped of their value since a ban on the export of gold and copper concentrates was imposed in Tanzania on March 3. Acacia, the biggest gold miner in Tanzania, received a notice from Tanzania on Monday for $190 billion unpaid taxes dating back over 10 years. Acacia said it did not believe it owed the money and reiterated that it had fully declared all revenues. The Tanzanian revenue authority has not...
(AFP (eng) 07/25/17)
A top opposition lawmaker in Tanzania has been charged with "hate speech" after calling President John Magufuli a dictator, according to court documents seen by AFP on Tuesday. Tundu Lissu, chief whip of the opposition in parliament and president of Tanzania's bar association, was arrested last week after holding a press conference where he criticised Magufuli and complained of a "climate of fear which reigns everywhere." After appearing in court on Monday, Lissu was "returned to prison," ahead of a Thursday ruling on his application for bail, said Saed Kubenea, a member of parliament in Lissu's Chadema party. Lissu faces a "hate speech" charge for his "insulting words that are likely to incite ethnic hatred," according to the charge sheet...
(Bloomberg 07/25/17)
Tanzania sent Acacia Mining Plc a tax bill equal to almost two centuries worth of the gold producer’s revenue. The government issued the company, which mines all of its gold in the African country, with a $40 billion tax bill and another $150 billion in interest and penalties, Acacia said in a statement Monday. The charge covers alleged under-declared export revenues from the Bulyanhulu and Buzwagi mines over periods between 2000 and 2017. Acacia reiterated that it has fully declared all revenues. The stock sank as much as 17 percent on Tuesday to the lowest since December 2013. In just three days, the company has lost 42 percent of its value. The giant tax bill is the latest twist in...
(Tanzania Daily News 07/25/17)
The government yesterday dismissed as baseless and malicious allegations that Tanzania is interfering with Kenya imminent general election. The Minister for Foreign Affairs and East African Cooperation, Dr Augustine Mahiga, speaking to reporters in Dar es Salaam, said all the ballots for casting and counting votes are in the hands of Kenyans themselves. “What we know is that the voting exercise will be monitored electronically from the polling stations to headquarters. There is literally no room for cheating. We have been in good relationship with Kenya for many years, why didn’t we interfere with their elections in all those past years? Those are mere rumours that should be ignored by both Kenyans and Tanzanians,” said Dr Mahiga. He told the...

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