Skip to main content

Posts

Showing posts with the label business

Alick Dangot production at Nigeria business 20bn oil refinery

Getty Images Aliko Dangote made his money through sugar and cement Petrol production at Nigerian business tycoon Aliko Dangote’s $20bn (£15.5bn) state-of-the-art oil refinery ought to be some of the best business news Nigeria has had in years. But many Nigerians will judge its success on two key questions - firstly: "Will I get cheaper petrol?" Sorry, but probably no - unless the international price of crude drops. And secondly: "Will I still have to spend hours watching my hair turn grey in a hypertension-inducing fuel queue?" Hopefully those days are gone but it might partly depend on the behaviour of what Mr Dangote calls "the oil mafia". For much of the time since oil was first discovered in Nigeria in 1956, the downstream sector, which includes the stage when crude is refined into petrol and other products, has been a cesspit of shady deals with successive governments heavily involved. It has always been impossible to follow the money, but you know th...

Tanzania great export surplus food produce to neighbouring country

Tanzania ๐Ÿ‡น๐Ÿ‡ฟ has accomplished 128% food security, enabling it to export surplus food produce to neighbouring countries ~ Business Insider  In 2023, Tanzania exported agricultural products worth 2.3 Billion USD which was 10% higher than the estimate for 2021 The country currently ranks 8th largest exporter of Agricultural Products by Value in Africa  Tanzania also has the 3rd largest positive Balance of Trade in Africa (that is, the difference between exports and imports) in Agricultural Trade With exports worth 2.3 Billion USD, Tanzania's value of imports for Agricultural Products is estimated as 1.1 Billion USD That's a Trade Balance of 1.2 Billion USD; and ranks 3rd highest in Africa after Cรดte d'Ivore ๐Ÿ‡จ๐Ÿ‡ฎ and South Africa's ๐Ÿ‡ฟ๐Ÿ‡ฆ estimates  Tanzania's largest agri-exports are CASHEW NUTS and RICE while WHEAT is the main agri-based import by Value 

Mafuta yayamba kubwera mziko muno kupitira doko la Beira

Pofuna kuonetsesa kuti mafuta a galimoto maaka diesel akupezeka m’malo onse omwetsera mafuta m’dziko muno, bungwe la National Oil Company of Malawi (NOCMA) lati galimoto 40 zonyamula mafuta tsopano zafika m’dziko muno kuchokera ku doko la Beira m’dziko la Mozambique.    Malinga ndi Mkulu  nkhani ku bungwe la NOCMA, a Raymond Likambale, atinso panopa galimoto zina zokwana 70 zatenga kale mafuta a diesel ndipo zinyamuka ku Beira nthawi ili yonse ulendo obwera ku Malawi. Poonjezera apo palinso sitima ina yapa mtunda yomwe yapita ku Nacala kukanyamula  diesel okwana  malita 1.6 million kuonjezera pa sitima ina yomwe yatsitsa kale malita ena 1 million  ku malo osungila mafuta ku Matindi m’boma la Blantyre,”  atero a Likambale. Iwo ati pamene galimoto zikunyamula mafutawa ku Beira mdziko la Mozambique, zinanso zikunyamula mafuta ku Tanzania, ndipo pali chiyembekezo choti mafuta ayambanso kupezeka mosavuta masiku angapo akudzawa.