The EconomicPost

By: Natasha Odendaal JOHANNESBURG (miningweekly.com) – Dual-listed Kibo Mining is adopting a diversified production strategy for the Mbeya coal mine, in Tanzania , which could potentially result in production starting earlier than planned. This followed a “careful study” of the Mbeya coal -to- power project (MCPP) integrated bankable feasibility study (IBFS), which showed the move to be feasible and as having the potential to significantly enhance the economics of the Mbeya coal mine.

By Mnaku Mbani In an effort to create conducive environment for turning it into an industrial economy, Tanzania is finding the way to copy the western mode to accelerate its idea of making it an industrial hub. Tanzania, the second East Africa largest economy, is targeting to become a middle income country, driven by industries by the year 2025, which is seen as crucial for inclusive economy.

DAR ES SALAAM: A mother of two, Mwanaidi Mrisho has been a fishmonger for the past decade. Each day, she commutes from the Magogoni Fish Market, at the western-most end of Dar es Salaam, to Kimara-Mwisho, about 20 kilometers outside the city. The onerous daily commute has taken its toll on her well-being and her livelihood. “It used to take me up to three hours to travel from Kimara to Magogoni and back every day due to traffic jams,” explains Mrisho. “I would aim to be on the road by 5:00 am at the latest in order to make it to the fish market before 8:00 am.”

The first ever Tanzania and Zambia trade forum scheduled today will be held at Radisson Blu in Lusaka, Zambia. The forum will seek to engage and empower Tanzania and Zambia business people to venture beyond boundaries, provide networking opportunity for the various stakeholders within these two counties, but also this forum will seek to provide capacity building to local entrepreneurs from Rukwa, Songwe and Mbeya so that they can effectively be able to do business with their Zambian counterparts.

Geneva, Switzerland: Building on the success of last year’s inaugural search, the World Economic Forum has started the process to select the top female tech innovators in Africa, who will be invited to share their experience and engage with leaders at the Forum’s regional meeting this spring. The search is open to any female entrepreneur whose business is less than three years old, uses innovative technology or business models, and has at least one year of revenue generation. The business must also be able to demonstrate social and economic potential.

By Mnaku Mbani A total of 36 Tanzanian entrepreneurs have been nominated among 1,000 African Entrepreneurs selected for the 2017 TEF Entrepreneurship Programme. They join  2,000 alumni from the 2015 and 2016 rounds. The selected entrepreneurs wrote their business ideas on agriculture and agricultural business, manufacturing, waste management, fashion, education and training, consultancy and commercial/ retail activities.

BADEN BADEN, Germany: — Following a meeting with G20 finance ministers and central bank governors, World Bank Group President Jim Yong Kim today announced a record $57 billion in financing for Sub-Saharan African countries over the next three fiscal years. Kim then left on a trip to Rwanda and Tanzania to emphasize the Bank Group’s support for the entire region. The bulk of the financing – $45 billion – will come from the International Development Association (IDA), the World Bank Group’s fund for the poorest countries.