Tanzania’s record-high foreign reserves signal improving economic outlook
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Tanzania’s record-high foreign reserves signal improving economic outlook

ByPauline Kamiri

The record rise of Tanzania’s forex reserves has sparked optimism among local economists over the country’s economic prospects. In the latest monthly economic review, the Bank of Tanzania (BoT) says that its foreign reserves have jumped to $6.7 billion up from $4.9 billion in September, marking a historic high for the East African country sailing…

U.S. plan to topple China’s dominance in Africa begins with $1billion investment in Senegal
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U.S. plan to topple China’s dominance in Africa begins with $1billion investment in Senegal

ByBrian Kithinji

Senegal has signed infrastructure deals worth $1 billion with U.S. companies, a sign that President Joe Biden’s administration plans to live up to its promise to recalibrate long-neglected relations with the continent. America’s top diplomat Antony Blinken oversaw the signing ceremony on the second day of his visit to Senegal. According to a statement handed…