The Finance Act of 2021 has been enacted and has made several amendments to the Gaming Act, Cap 41. These amendments include: The reduction of Gaming tax on winnings from 20% to 15% This amendment will certainly be well perceived by Gaming operators within the country. This is because, the tax on winnings in …
Sports betting in Tanzania is growing by the second. Sports is one thing that has always brought the world together to a place of unity and harmony. This is evident in the teeming number of fans that root for football clubs, basketball teams, boxers, and whatnot. And just as sports bring the world even closer, …
Is investing in Africa a good choice? What are the problems investors face when investing in Africa? The Africa continent has been known over the years for its natural resources. There’s copper in the Democratic Republic of Congo, crude oil in Nigeria, diamonds in South Africa, cocoa, and even gold in Ghana. These natural resources …
Problems investors face when investing in Africa Read More »
Africa is undoubtedly a rich and blessed continent among the continents of the world and this is evident in its rich mineral industry. The mineral industry in Africa is the largest in the world and Africa boasts of one of the biggest reserves of bauxite, diamond, phosphate and many other minerals. It also has large …
Africa is a large continent not just by geographical demography, but also by population. This is because most African countries are communalistic in nature, hence the need to have a large society or community of people. The bigger these societies, the bigger the number of people, and the bigger the consumption rate. It is this …
INTRODUCTION The paradox of Africa is nothing new to world observers. A continent blessed with immense natural resources backed up with adequate human capital still struggles with underdevelopment and poverty due to its inability to utilize its optimum potential. However, the future of the African economy indicates hope due to the increasing acceptance of technology …
WHY TANZANIA IS ONE OF THE BEST DESTINATIONS FOR INVESTMENT IN AFRICA. Read More »
When you are discussing or reading about mining, like you are now, there is one country that cannot be ignored. That country is South Africa. The South Africa mining sector has put Africa on the world map with its numerous mining and investment opportunities. Let’s begin with some facts about this sector, In 2018, the …
Africa as a continent has a huge potential for future growth. Which makes it a favourable place for investment I.e If you plan on extending your business to this part of the continent. The research gathered by the UN Conference on Trade and Development between the year 2006 and 2017 reveals that Africa has realised …
Tanzania like most other African countries is endowed with naturally occurring minerals. The Tanzanian mining sector is one of the biggest industries in the country and it makes a contribution of about 3% to the annual country’s GDP. However, the Tanzanian government plans to increase this contribution to at least 10% by 2025. As …
Africa is undoubtedly a blessed country in terms of demography, the abundance of natural resources, population (labour force) and also climate. Apart from its already exploited oil deposits, its untapped natural resources such as gold, platinum, copper and diamond present an impressive and outstanding investment opportunity. Some opportunities also abound in its resources …
Problems Militating Against Foreign Investments in Africa. Read More »
