Tag: Finance
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Tanzanian Businessman Edha Nahdi Urges Africa to Stop Depending on Foreign Aid At Africa CEO Forum in Kigali
Tanzanian businessman Edha Nahdi has urged African companies to stop relying on foreign donors and begin directly financing the continent’s development, warning that Africa risks slowing its own progress if local businesses fail to act.
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Dangote Moves to Build East Africa’s First Mega Oil Refinery in Tanzania
Africa’s richest businessman signals readiness to back a major oil refinery in Tanzania, as regional leaders push for energy independence and reduced reliance on imports.
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Tanzania Plans Over 52,000 Public Sector Jobs in 2026/27 Budget
The Tanzania government has announced plans to create more than 52,000 jobs in public institutions as part of its 2026/2027 budget, aiming to improve service delivery and address staffing gaps. Presenting the budget in Parliament in Dodoma, Minister of State in the President’s Office for Public Service Management and Good Governance, Ridhiwani Kikwete, said a…
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Ghana’s Unpaid Cocoa Farmers Forced to Go Hungry as Payment Delays Bite
Thousands of Ghanaian cocoa farmers say they are skipping meals and pulling children from school as months-long payment delays leave them without income for beans already delivered to buyers.
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NetEase Shares Slide After Profit Miss, Ripples Hit Gaming and Tech Markets
Chinese gaming giant NetEase saw its stock plummet after reporting lower-than-expected profits for late 2025. The news has sent ripples through the global tech sector, particularly affecting companies linked to the gaming and AI markets.
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AI Chip War: Broadcom vs. Nvidia
The battle for AI dominance reached a new peak today as market analysts highlighted Broadcom as the first genuine threat to Nvidia’s crown. As Broadcom ramps up production, investors are bracing for a shift in how AI infrastructure is priced globally.
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BASF Moves Global Hub to India
Chemical giant BASF announced a major restructuring of its Global Business Services, moving its Finance and HR hubs to India. The move aims to secure “long-term cost competitiveness” but has raised concerns about job losses in Europe.
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