Nuzulack Dausen

UPDATE 3-Tanzania turns to IMF loan, boosts government spending by 4%

Jun 10 2021

DAR ES SALAAM, June 10 Tanzania has asked the International Monetary Fund for a $571 million loan to help it tackle the challenges caused by the COVID-19 pandemic, its finance minister said on Thursday as he raised spending in the budget for the next financial year.

Tanzania and Kabanga Nickel strike deal to develop nickel project

Jan 19 2021

DAR ES SALAAM Tanzania and UK-based mining firm Kabanga Nickel Limited signed a framework agreement on Tuesday to jointly develop the Kabanga nickel project formerly owned by Barrick Gold and Glencore.

Ten Tanzanian schoolchildren killed in dormitory fire

Sep 14 2020

DAR ES SALAAM Ten Tanzanian schoolchildren were killed when a dormitory at a privately-owned primary school in the north of the country caught fire, a senior government official said on Monday.

Tanzania's former president Mkapa, regional peacemaker, dies

Jul 24 2020

DAR ES SALAAM Tanzania's former president Benjamin Mkapa, who worked to end conflict in East Africa during and after his decade in power from 1995, died on Friday while being treated for an undisclosed illness, the presidency said.

Artisanal miner in Tanzania finds large rare gemstones worth $3.3 million

Jun 24 2020

DAR ES SALAAM A Tanzanian subsistence miner hit the jackpot on Wednesday after the government handed him a cheque for 7.74 billion Tanzanian shillings ($3.35 million) for the two largest tanzanite gemstones ever found.

Artisanal miner in Tanzania finds large rare gemstones worth $3.3 million

Jun 24 2020

* Miner presented with 7.74 billion Tanzanian shilling cheque

Acacia Mining employees pay Tanzania $650,000 in tax evasion case

Jun 17 2020

DAR ES SALAAM Three employees of Acacia Mining, a former Barrick Gold unit, have been released from jail in Tanzania after paying 1.5 billion Tanzanian shillings ($649,632) in compensation for tax evasion, a prosecutor told Reuters on Wednesday.

Tanzania says it has begun negotiations over debt relief to shore up economy

Jun 11 2020

DAR ES SALAAM Tanzania has begun negotiations with creditors over a G20 nations initiative over debt relief, the finance minister said on Thursday, part of efforts to mitigate negative economic effects sparked by the coronavirus outbreak.

UPDATE 1-Tanzania raises 2020 growth forecast to 5.5% from 4% -finance minister

Jun 11 2020

DAR ES SALAAM, June 11 Tanzania now expects its economy to grow by 5.5% in 2020 compared with a previous estimate of 4%, finance minister Philip Mpango said on Thursday, after the government took steps to mitigate the economic impact of coronavirus.

Barrick pays Tanzania initial $100 million after gold shipments resume

May 25 2020

DAR ES SALAAM Barrick's Tanzania subsidiary Twiga Minerals has resumed exports of gold concentrate after receiving clearance for its first shipments since the lifting of a government ban imposed during a tax dispute with the mining company.

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