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Hassan reelected as Tanzania's President amid Controversy

Ken Akpan The Tanzania’s electoral Commission on Saturday, November 1, 2025, declared President Samia Suluhu Hassan as the winner of the presidential election held on October 29, 2025, amid rising controversies. The commissioner declared that Hassan won with nearly 98% of the votes, an election that set off violent protests across the country this week. ALSO READ >>> Election protesters in Tanzania persist, defy Army Chief The result hands Hassan, who took power in 2021 after the death in office of her predecessor, a five-year term to govern the East African country of 68 million people. Protests erupted during Wednesday’s election for president and parliament, with some demonstrators tearing down banners of Hassan and setting fire to government buildings and police firing teargas and gunshots. Demonstrators are angry about the electoral commission’s exclusion of Hassan’s two biggest challengers from the race and what they described as widespread repression...

"African Banks have power to multiply Impact" - Elumelu

RostrumNews
The outstanding Nigerian entrepreneur and philanthropist, Tony Elumelu, has opined that the financial institutions on the African continent had the power to multiply impact.

Elumelu who disclosed this on his X handle on October 21, 2025, stated that the banks in the said region possessed the ability to turn every dollar of domestic capital into many more through international co-investment.

Elumelu, who is the Chairman of the UBA GROUP, enthused that the group had proven that the above remark is not just theory, but practically achievable.

"Our $400M financing for Tanzania’s Julius Nyerere hydropower project — fully led by African institutions — is proof." The financial guru stated.

It could be recalled that in 2020, Rostrum News reported that the United Bank for Africa (UBA) Tanzania Limited once again extended its support to Julius Nyerere Hydropower Project after providing another $40 million in project financing, bringing its total commitments to over $400 million.

In the previous year alone, being 2019, the UBA provided $366 million financial support to the 2,115MW Julius Nyerere Hydropower Project.

As a further demonstration of its fervent support for the project, UBA Tanzania launched an ultra-modern business office at the project site.

Commenting on the new office, the Managing Director of the Bank, Kingsley Ulinfun disclosed that in line with the UBA customer first philosophy, this was another step the UBA Tanzania had taken in its branch expansion programme.