Tanzania Roundup: Stabilising sugar market, investments, uranium projects
New regulations to stabilise sugar market
Tanzania has enacted new regulations to stabilise the sugar market, including giving exclusive import and distribution rights to the National Food Reserve Agency and empowering the Sugar Board of Tanzania to control import licenses. According to ChiniMandi, the government aims to increase domestic sugar production to meet demand and reduce the need for costly imports. However, experts advocate for policies to attract more competitive sugar producers and promote domestic production.
Uranium production in Tanzania
Moab Minerals has acquired an 89.6% stake in Linx Resources, giving them ownership of the Manyoni and Octavo Uranium Projects in Tanzania. The company plans to conduct extensive drilling and metallurgical testing to improve the reliability of historical assays and explore extensions of the known mineralisation. The acquisition is considered transformational for Moab Minerals due to the access to a large volume of historic exploration data, reports Mining Technology.
Tanzanian artist who burnt president's picture freed
Tanzanian artist Shadrack Chaula was released from prison after social media users raised over $2,000 to pay his fine for burning a picture of President Samia Suluhu Hassan while insulting her. Critics argued that he did not break any law and that the sentence was too harsh. The case has sparked concerns about freedom of expression in Tanzania as highlighted by the BBC.
Restarting ex-General Tyre East Africa factory
The Tanzanian government is seeking outside investment to re-start the former General Tyre East Africa factory in Arusha, northern Tanzania. In June, the Tanzanian government invited prospective investors to explore opportunities in the country. Concurrently, a pre-bid conference was arranged for the 19th of July, as per I&ATyrepress.
Iran's scientific capabilities showcased
Iran showcased its scientific capabilities at the Tanzania International Trade Fair. Iranian companies were present at the exhibition to introduce their capabilities to Tanzanian companies. Iran has taken measures to facilitate trade relations, including lifting visas for Tanzanian tourists and exchanging delegations. There is hope for increased cooperation in various fields, including knowledge-based products, oil, and tourism, reports IRNA.
