Battle: Dar es Salaam vs Nairobi

Geza Ulole said:
Unajua hii mizee inaona simu kama vile ni luxury! Kutoza simu kodi mpya ni kukosa maarifa wanatakiwa watafute vyanzo vipya vya mapato kwa mfano utoroshaji wa madini ya vito ukizuiwa hiyo hela anayotaja inakusanywa kirahisi! Huduma za mawasiliano mfano upande wa data kunatakiwa kuwa bei ya chee ili kuchochea maendeleo ya teknologia! apps, bootcamps, startups zote zinategemea bei chee kwenye upande wa data!
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Kweli Sana mkuu nimejikuta nacheka na idea alotoa ambayo sio favourable kwetu Sisi consumers kama ulivo tangulia kusema there are so many sectors that the government can use as a source of income hapa Musa alitoa point zero.
 

Bitcoin closes in on $40,000 as Elon Musk and Tanzania give the markets a lift​

Darren Parkin

Bitcoin on black background


The president of Tanzania gave Bitcoin a much-needed shot in the arm after delivering positive news for the cryptocurrency markets.
Fresh on the back of El Salvador announcing its adoption of Bitcoin as legal tender, coupled with a slew of south and central American nations signalling their readiness to get on board, Tanzania’s leader Samia Suluhu Hassan told the East African nation’s financial chiefs to prepare for cryptocurrency.

The 61-year-old said the age of crypto and blockchain was dawning as she urged her country to pave the way for change.


President Hassan said Tanzania’s central bank should begin the necessary preparations for a step change in global attitudes towards banking, singling out cryptocurrencies as the future of finance.

“We have witnessed the emergence of a new journey through the internet,” she declared.

“I know that throughout the nation, including Tanzania, they have not accepted or started using these routes. However, my call to the Central Bank is that you should start working on that development.

“The Central Bank should be ready for the changes and not be caught unprepared.”

​

Outside of El Salvador and a handful of its neighbours, this is the first time a country’s premier has openly acknowledged a serious acceptance of digital assets or a decentralised approach to banking.


The news from Tanzania arrived hand-in-hand with a change in recent sentiment from the omnipresent pantomime villain Elon Musk who has, arguably, been the biggest influencer in the price of Bitcoin since its inception more than a decade ago.

The Tesla chief has, recently, sent the price of the flagship currency skyward with news that his electric vehicle company would accept Bitcoin as payment. He also sent the price plummeting days later by snippily castigating its green credentials and announcing a Tesla couldn’t be purchased with Bitcoin unless its mining process could be made more eco-friendly.

​

However, the 49-year-old entrepreneur was riled by a Coin Telegraph article which quoted Magda Wierzycka – CEO of financial services firm Sygnia – as saying her fellow South African would likely have been investigated by authorities for market manipulation.

He responded on social media by saying the article was way off the mark.

“This is inaccurate,” he snapped.


“Tesla only sold around 10 per cent of holdings to confirm BTC could be liquidated easily without moving market.

“When there’s confirmation of reasonable (~50%) clean energy usage by miners with positive future trend, Tesla will resume allowing Bitcoin transactions.”

Together with the news from Tanzania, those last six words from Elon Musk were enough for Bitcoin to shake off the shackles that had held it below $35,000 for much of the weekend and propel it to within touching distance of $40k.

Weekend trading, historically, gives a downward push across the cryptocurrency markets, so a sudden lift driven by news narratives will no doubt be taken as a signal that Bitcoin might be about to emerge from its recent slump.

With El Salvador, Tanzania and even Elon Musk now driving that narrative, the week ahead looks like a must-watch for cryptocurrency.


www.cityam.com

Bitcoin closes in on $40,000 as Elon Musk and Tanzania give the markets a lift - CityAM

On the back of El Salvador's Bitcoin adoption, Tanzania and Elon Musk are now delivering positive signs over the future of crypto.
www.cityam.com www.cityam.com
 

Tanzania to Add Gold to Reserves, Resume $3 Billion Iron Project​

By
Fumbuka Ng'Wanakilala
13. Juni 2021, 16:44 MESZ
  • President Hassan sees mining expanding to 10% of GDP by 2025
  • Hassan calls for lower lending rates, study of cryptocurrency

​


Tanzania launched a new gold refinery as its central bank plans to start buying the metal to diversify its reserves.



The Mwanza Precious Metal Refinery Ltd. is able to process 480 kilogrammes of gold per day, and plans to double the capacity in a few months, Tanzanian President Samia Suluhu Hassan said in a televised speech on Sunday. The nation’s State Mining Corporation has a 25% stake in the project, while Dubai-based Rozella General Trading LLC and Singapore’s ACME Consultant Engineers PTE Ltd. own the rest.


Establishing the refinery is part of the government’s plan to add value locally from its resources. Tanzania vies with Mali as Africa’s third-largest gold producer. It also has an estimated 57 trillion cubic feet of natural gas reserves.


Hassan said the government wants to raise the contribution of mining to Tanzania’s gross domestic product to 10% by 2025 from the current 6.7%.

The president asked her administration to fast-track the revival of a $3 billion joint venture with China’s Sichuan Hongda Co. for an iron ore and coal mine. The deal was signed in 2011 but implementation has stalled partly due to government bureaucracy and delays from the investor, Hassan said.


Hassan asked the central bank to work with commercial banks to lower borrowing rates to around 10% from as high as 20%. It should also study cryptocurrencies to be ready when the digital currencies gain popularity in the country, she said.


“Many countries, including Tanzania, have not accepted these currencies,” Hassan said. “However, I would like to urge the central bank to look into these developments so that we are not caught unaware.”


www.bloomberg.com

Tanzania to Add Gold to Reserves, Resume $3 Billion Iron Project

www.bloomberg.com www.bloomberg.com
 
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