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Lauded by Billionaires, New Tanzania President Spooks Opposition


Author of the article:
Fumbuka Ng Wanakilala and Matthew Hill
Publishing date: Jul 29, 2021  •  1 hour ago  •  6 minute read  • 
Article content
(Bloomberg) — Tanzania’s new President Samia Hassan won accolades from Aliko Dangote, Africa’s richest man, and fellow billionaire Mohammed Dewji for her business-friendly noises. But her government’s crackdown on opposition leaders this week is raising some concern.
Since she took office on March 19, Hassan — Africa’s only female head of government — has signaled a new business-friendly era, pledging to reverse her predecessor’s policies that antagonized investors and hit foreign investments. Hassan, 61, promised to dismantle barriers put up by former President John Magufuli and resurrect a $30 billion natural gas project, prompting Dangote and Dewji to say Tanzania seems to be opening for business again. ....

South Africa , Dar Es Salaam , Western Cape , Jakaya Kikwete , Oryem Nyeko , Paul Kagame , Chama Cha Mapinduzi , Aliko Dangote , Bravious Kahyoza , Kitila Mkumbo , Matthew Hill , Mohammed Dewji , Gerson Msigwa , Fumbuka Ngwanakilala , Connor Vasey , Samia Hassan , Jens Reinke , Freeman Mbowe , John Magufuli , Ola Morten Aanestad , Shani Smit , Exxon Mobil Corp , International Monetary Fund , China Sichuan Hongda Co , Royal Dutch Shell Plc , University Of Manchester ,

Tanzania to Add Gold to Reserves, Resume $3 Billion Iron Project


Tanzania to Add Gold to Reserves, Resume $3 Billion Iron Project
Jun 14 2021, 9:30 AM
June 13 2021, 8:14 PM
June 14 2021, 9:30 AM
(Bloomberg)
(Bloomberg)
Tanzania launched a new gold refinery as its central bank plans to start buying the metal to diversify its reserves.
The Mwanza Precious Metal Refinery Ltd. is able to process 480 kilogrammes of gold per day, and plans to double the capacity in a few months, Tanzanian President Samia Suluhu Hassan said in a televised speech on Sunday. The nation’s State Mining Corporation has a 25% stake in the project, while Dubai-based Rozella General Trading LLC and Singapore’s ACME Consultant Engineers PTE Ltd. own the rest. ....

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