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    Nigeria extends deadline to swap old currency notes by 10 days

    Nigeria extends deadline to swap old currency notes by 10 days

    Shocking IMF report reveals Angola and Ethiopia to surpass Kenya as top economies in Sub-Saharan Africa

    Shocking IMF report reveals Angola and Ethiopia to surpass Kenya as top economies in Sub-Saharan Africa

    Ethiopia and the World Bank sign financing agreements worth $745 million

    Ethiopia and the World Bank sign financing agreements worth $745 million

    Trending Tags

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    World’s Richest Rankings: Aliko Dangote maintain his position as Africa’s richest man

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    Global tech billionaires eye Zambia’s electric vehicle battery mines

    Africa will have 57 million pay TV subscribers by 2028, report

    Africa will have 57 million pay TV subscribers by 2028, report

    Africa startups defy funding slump as debt financing fuels growth

    Africa startups defy funding slump as debt financing fuels growth

    Port of Maputo achieves new handling record, sees soaring chrome throughput

    Port of Maputo achieves new handling record, sees soaring chrome throughput

    Court told Anglo turned blind eye to Zambian lead poisoning

    Court told Anglo turned blind eye to Zambian lead poisoning

    Ethiopian Airlines set to fly to Atlanta

    Ethiopian Airlines set to fly to Atlanta

    Angola: Poor Management of the Petroleum Sector with Effects on Declining Production

    Angola Sonangol plans to list on Angolan stock exchange by 2027

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    Nigeria artists conquer the NFT marketplace in Africa

  • Finance
    Nigeria launches payments card program to rival Visa and Mastercard

    Nigeria launches payments card program to rival Visa and Mastercard

    Mastercard and ZoodPay join forces to launch the first virtual installment card across EEMEA

    Mastercard and ZoodPay join forces to launch the first virtual installment card across EEMEA

    MoneyGram joins forces with BOTIM to launch international money transfer to over 200 countries

    MoneyGram joins forces with BOTIM to launch international money transfer to over 200 countries

    There was a 25% increase in finance app installs across Africa between 2021 and 2022

    There was a 25% increase in finance app installs across Africa between 2021 and 2022

    Yellow Card expands payment feature across Africa

    Yellow Card expands payment feature across Africa

    Government starts payment of $674,5 trillion matured securities

    Government starts payment of $674,5M matured securities

    South African rand steady with investor focus on Fed minutes

    South African rand steady with investor focus on Fed minutes

    South Africa recently declared bitcoin and other cryptocurrencies to be financial products

    South Africa recently declared bitcoin and other cryptocurrencies to be financial products

    Angola banks entry into local Bourse gives credibility to economy

    Angola banks entry into local Bourse gives credibility to economy

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Here’s what Tanzania is doing to become the next big online business hub in Africa

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21/01/2023
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Here’s what Tanzania is doing to become the next big online business hub in Africa
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Nigeria extends deadline to swap old currency notes by 10 days

Nigeria extends deadline to swap old currency notes by 10 days

30/01/2023
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Shocking IMF report reveals Angola and Ethiopia to surpass Kenya as top economies in Sub-Saharan Africa

Shocking IMF report reveals Angola and Ethiopia to surpass Kenya as top economies in Sub-Saharan Africa

28/01/2023
1

Tanzania is taking a significant step towards becoming an online business hub in Africa, as the East African nation is investing heavily in information and communications technology (ICT). The government’s vision is to make Tanzania a leader in the digital economy, and it is taking the necessary steps to make that a reality.

Minister of Information, Communications, and Information Technology Nape Nnauye stated that the government is investing heavily in ICT, including the construction of the National Fiber Optic Cable network, known as the National ICT Broadband Backbone. According to Xinhua, this network will connect Tanzania’s major cities and towns, providing high-speed internet access to businesses and individuals. The National ICT Broadband Backbone is part of the government’s broader strategy to improve internet connectivity across the country, which will play a critical role in making Tanzania an online business hub.

In addition to the infrastructure investments, the government has put in place laws, regulations, and procedures for overseeing online businesses. Nnauye stated that the government is committed to creating an environment that is conducive for online businesses to thrive. The laws, regulations, and procedures have been designed to protect the rights of online business owners and consumers while also promoting competition and innovation.

Emmanuel Mannaseh, Director of Communications with the Tanzania Communications Regulatory Authority (TCRA), highlighted the role of youth in the digital economy. He said that the regulator will continue to create a friendly environment that will enable the youth to participate in the digital economy. Mannaseh urged the youth to use the opportunities created by digital technology to improve their welfare, stating that the digital economy is a significant driver of economic growth and job creation.

The government’s efforts to develop the digital economy are already bearing fruit. The number of internet users in Tanzania has increased significantly in recent years, with more people gaining access to high-speed internet. This has led to a surge in online businesses, with many entrepreneurs taking advantage of the opportunities provided by the internet to start and grow their businesses.

Source: Africa Business Insider
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