Uchumi
Habits of the World’s Wealthiest People (Infographic)

Habits of the World’s Wealthiest People (Infographic)

What do Oprah Winfrey and Warren Buffett have in common, in addition to their fairly sizable net worths? More than you might think. An infographic developed by social-media marketing company NowSourcing details some of the qualities and traits shared by the rich (we’re talking those who earn more than $160,000 a

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U.S. Investor to Build Sisal Syrup Distillery Plant in Tanga

U.S. Investor to Build Sisal Syrup Distillery Plant in Tanga

A UNITED States based company plans to build an agave sisalana syrup distillery at Pongwe export processing zone, in Tanga. The Director General of the Tanzania Sisal Board, Hamis Mapinda told the’Daily News’ on Thursday that the US investor, M/S Tierra Group had already signed a memorandium of understanding with

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Trust Bank to Be Liquidated in Zimbwabwe

Trust Bank to Be Liquidated in Zimbwabwe

TRUST Bank is facing liquidation after the Reserve Bank of Zimbabwe cancelled it’s banking licence over allegations of abuse of depositors’ funds and violation of the provisions of the Banking Act.Efforts to recapitalise the bank had all been futile and Trust was no longer safe and sound. Yesterday, sources at

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Ethiopia, WB Sign U.S. $110 Million Financing Agreement

Ethiopia, WB Sign U.S. $110 Million Financing Agreement

The government of Ethiopia and the World Bank (WB) signed on Thursday a 110 million USD loan agreement to support the third phase of the Pastoral Community Development Project. The objective of the Project is to improve access to community demand-driven social and economic services for pastoralists and agro-pastoralists. Finance

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Mount Kilimanjaro ‘Is Losing Its Beauty’

Mount Kilimanjaro ‘Is Losing Its Beauty’

AN environmental activist here has voiced concern over the worrisome pace of environmental degradation on Mount Kilimanjaro. He says that unless thorough measures are taken to redress the situation the mountain will soon lose its natural beauty. Mr Leonard Massawe, the Executive Director of Lepaje, a Non Governmental Organisation that

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Keko Furniture Makers Find a Niche in Comoro Market

Keko Furniture Makers Find a Niche in Comoro Market

FURNITURE makers at Keko in Dar es Salaam have found a niche in a lucrative market of Comoro where they have started to export some of their products, especially sofas, tables and cabinets. The manufacturers said at the moment they sell about 30 sofas, 20 dining tables and 30 cabinets

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