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Business

Tanzania and Mozambique to Form Joint Economic Commission to Enhance Trade and Investment

  • May 16, 2025
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Tanzania and Mozambique agreed to establish a Joint Economic Commission to enhance trade, investment, and cooperation across key sectors, including agriculture, energy, and infrastructure. The agreement was reached during bilateral talks between Presidents Samia Suluhu Hassan and Daniel Chapo in Dar es Salaam. The agreement was reached on 8 May 2025 during official talks between […]

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Business

Tanzania Concludes Wigu Hill Rare Earth Project Litigation with Final Payment

  • March 7, 2025
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Tanzania has completed its US$27 million settlement with Montero over the expropriation of the Wigu Hill rare earth project. With the final US$7 million payment received, both parties will now request the formal discontinuation of ICSID arbitration, marking the conclusion of the dispute. This payment is expected to bring the arbitration before the International Centre […]

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