Business on MenshlyGlobal | The 2026 Frontier

Tanzania revokes 40 idle mining licences in major sector clean-up

Wed, 15 Apr 2026 20:28:16 +0000

Tanzania Revokes 40 Idle Mining Licences in Major Sector Clean-Up

Tanzania has taken a significant step towards reforming its mining sector by revoking 40 idle mining licences. The move is part of a broader effort to clean up the industry and ensure that mining companies are operating in a responsible and sustainable manner. The revocation of these licences is expected to have a major

impact on the sector, with many companies being forced to reapply for their licences or risk losing their assets. The Tanzanian government has been under pressure to take action against idle mining licences, with many locals and civil society groups complaining that the licences were being held by companies that had no intention of actually mining.

Nigerias Public Debt Hits 159.28trn In December- DMO

Wed, 15 Apr 2026 20:20:50 +0000

Nigeria's Public Debt Hits ₦159.28trn In December- DMO

Nigeria's public debt has reached an all-time high, hitting ₦159.28 trillion in December, according to the Debt Management Office (DMO). This figure represents a significant increase from the previous year, and it has sparked concerns about the country's ability to manage its debt burden. The DMO has attributed the increase to a co

mbination of factors, including the COVID-19 pandemic, which has had a devastating impact on the global economy, and the country’s reliance on borrowing to finance its budget deficit.

Kenya's EV Shift: Escaping The Crippling Grip Of Oil Shocks

Mon, 13 Apr 2026 02:45:41 +0000

Introduction to Kenya's EV Shift

Kenya, like many other countries, has been grappling with the challenges posed by oil price volatility. The East African nation has been seeking to reduce its dependence on fossil fuels and mitigate the impact of oil shocks on its economy. In recent years, Kenya has been making significant strides in embracing electric vehicles (EVs) as a viable alterna

tive to traditional internal combustion engine vehicles. This shift towards EVs is expected to have far-reaching benefits for the country, from reducing greenhouse gas emissions to enhancing energy security.