African gold producer Acacia Mining has held talks with Endeavour Mining about a merger that could create a £3bn Africa-focused gold miner.
The Democratic Republic of Congo (DRC) has expressed interest in Uganda’s crude oil pipeline project and has expressed commitment in participating in its implementation.
European Union lending arm, the European Investment Bank has confirmed that it lent $97 million to support investment by companies across East Africa in 2016.
SEFA to support Tanzania in establishing a Renewable Energy Investment Facility to finance rural energy access projects
The African Development Bank-hosted Sustainable Energy Fund for Africa (SEFA) approved a US $870,000 preparation grant for Tanzania’s the Rural Energy Agency (REA) to structure the Renewable Energy Investment Facility.
Tanzania continues to enjoy the robust growth of the gaming industry in the recent past with the government having now pocketed $11 million in the 2015/2016 fiscal year compared to $7 billion the previous year.
London listed firm Ophir Energy, with its local venture partners BG Tanzania, Shell and Pavilion have announced the completion of drilling of two exploration wells offshore Tanzania well within set timelines.
With about one third of the food produced on the continent lost along the value chain, East African agricultural sector stakeholders want to harness technological innovations in order to reduce post-harvest losses.
Malawi has signed a memorandum of understanding with Tanzania government on Songwe River Basin Development Programme (SRBD).
United Arab Emirates’ Etihad Airways and Precision Air entered into a code-share agreement with Precision Air for local and regional flights.
Liquid Telecom has become the majority shareholder of Raha, the country’s leading Internet Service Provider (ISP).
What makes a company grow? And how do we determine the growth of a company? Is it its impressive financial results? The storms it has weathered? Its expansion portfolio?
Stanbic Tanzania has relaunched its private banking services as it seeks to tap into high end customers and improve overall banking experience.
The African Development Bank Group (AfDB) has approved $71.8 million grant and $3.1 million loan to the Government of Mozambique for the construction of an asphalted 70km road section in Northern Mozambique, to improve connectivity with Tanzania.
Pan-African law firm Bowmans has announced the opening of a new office in Dar es Salaam, Tanzania, with effect from January 2017.
Small businesses require professional business advice. Entrepreneurs with business ideas but no way of taking them through to fruition need sound advice.
The Tanzanian government in a move to boost the national airline has made a $10 million commitment fee to Boeing for the delivery of a B787-8 Dreamliner in June 2018.
With wealth increasing in SSA, now is most definitely the time to explore the potential for edtech to revolutionise e-learning in this region of Africa. This article explains some of the implications of recent studies and statistics relating to edtech in Tanzania, and formulates some strategies for implementing m-learning technologies in this country.
Vodacom Tanzania Limited is to issue shares worth up to Sh500 billion in its planned initial public offer (IPO), The Citizen has reliably learnt.
Africa Development Bank and CRDB Bank Tanzania sign $120 million loan agreement to finance infrastructure and SMEs
The African Development Bank Group (AfDB) and CRDB Bank Plc (CRDB) of Tanzania have signed a U$ 120 million loan agreement to finance infrastructure and SME projects in Tanzania. The loan will support infrastructure development, particularly the power and transport sectors, which is a major constraint for Tanzania’s economic diversification and growth
A South African mining investment company Armadale Capital has said that drilling campaign at the Mahenge Liandu graphite project conducted this year has demonstrated consistent, commercially viable, highgrade graphite mineralisation of up to 15.7per cent total graphitic carbon (TGC) commencing from or near the surface.
A growth in exports and a decline in imports has narrowed Zanzibar’s current account deficit the central Bank has said in its latest monthly economic review.
Information and technology company Toshiba has launched Go Africa project in a bid to improve the storage capacity of its products using the latest technology.
The East African Community has committed to efforts including operationalization of single customs territories and reducing non tariff barriers in its endeavor to grow trade among member states. The ongoing integration efforts across the East African Community (EAC) region largely aim at increasing trade.
The East African Community (EAC) is mulling harmonizing laws that will regulate cross border insolvency.
Australian mining company GRAPHEX Mining has receiving license for its circa- $74 million Chilalo project in Tanzania, with the granting of the licence an “important requirement” for gaining financing and offtake agreements.
Tanzania mulls introducing Tanzanite gemstones to national reserve to hedge against price volatility
Tanzania’s government is mulling including Tanzanite gemstones in the national reserves at Central Bank to replace gold due to its price volatility.
Barclays Bank has partnered with Junior Achievement Tanzania to launch a scheme that will see college students hone their skills preparing them to join the job market.
East African Community and European Development Fund commit to implement region’s development projects in five years.
Despite stalled trade talks that saw some East African member states hesitant in signing the Economic Partnership Agreement with the EU, the East African Community and the European Development Fund (EDF) have agreed to cement their business ties by committing to implement various development projects in the region for a period of five years.
TANZANIA has been ranked the leading country in East Africa and sub-Saharan Africa in 2016 in thaving an enabling environment for financial inclusion, the latest survey shows.
In a move meant to market East African community as a prime destination for international tourists, tour operators in the region are conducting a joint road show in UK.
East Africa Business Council has called on East Africa Community countries to deepen cross border investments for better and quick businesses development and promotion of integration.
The completion and launch of the fertilizer rail transport in Tanzania has started paying off with fertilizer producing company YARA Tazania Limited announcing a 40 per cent reduction in fertilizer transportation cost.
In what is meant to cement business and bilateral relations between Tanzania and Morocco, the two countries have signed 21 partnership agreements in areas like aviation, tourism, agriculture and oil and gas among others.
Barclays Bank Tanzania has rolled out a product that allow investors to earn interest regularly on fixed deposit accounts, compared to the traditional way of waiting until maturity, as it sets eyes on more customers.
[Tanzania] First National Bank unveils Point of sale devices with an eye on increased uptake of bank cards
The First National Bank (FNB) Tanzania has launched Point of Sales (POS) devices in Dar es Salaam in its latest push to get its customers to adopt bank cards in their payments.
Sophos Intercept X, a cyber security firm has launched an advanced anti-virus technology in Tanzania that stops zero-day malware, unknown exploit variants and stealth attacks and includes an advanced anti-ransomware feature that can detect previously unknown ransomware within seconds.
Regional economic block, the Common Market for Eastern and Southern Africa (COMESA) remains the fastest growing economy in the world according to the latest COMESA macroeconomic report, with five of its members recording growth rate of between five and ten per cent.
For the first time, millions of people can now access exciting new interactive services on any mobile phone via SMS such as group chat and useful internet content without the need for internet.
As demand for credit among companies in various economic sector balloons, Bank of Africa Tanzania has introduced a lease financing facility allowing customers to acquire an asset without having to incur a large capital outlay.
The TIB Corporate Bank has opened a new branch in Arusha as it expands its operations and help businesses to get access to the much-needed loans.
[Tanzania] Small Industries Development Organization tames packaging material shortages with first of its kind center
In a move meant to ease the shortage of packaging materials experienced by local enterprises, Small Industries Development Organization, SIDO, has unveiled a modern packaging center in Dar es Salaam.
Tanzania is set to boost its sugar production capacity with two sugar factory estimated at about $50 million.
Tanzania’s low cost carrier Fastjet has launched an Embraer E190 on domestic routes as it moves from Airbus A319 fleet as part of its long term operational and financial stability strategy.
Stanbic Bank Tanzania has been awarded the best custodian bank by Dar es Salam stock exchange for its role in safeguarding assets of institutional and individual investors at the bourse.
Listed lender Equity Bank Tanzania has opened a new branch in the coastal city of Zanzibar as it seeks to strengthen its foothold in the region and tap into growing tourism economy.
Four institutions drawn from telecommunication, seed, insurance and risk assessment have come together to unveil the first mobile crop insurance in Tanzania, at a time when changes in weather has taken a toll on farmers yields and income.
Listed Maendeleo Bank has emerged winner in the Enterprise Growth Market segment of the Dar es Salam Stock Exchange for its successful focus on targeting the low income earners and playing a key role in financial inclusion.
Telecommunication giant, Ericsson has unveiled a modern software and hardware products to assist mobile operators in Tanzania boost digital inclusion in the country.
Tanzania’s Domestic Airline Precision Air has resumed its flights to Comoros following a two year hiatus which it attributed to a review of its operations and strategy.
[Column] Wayne Troughton, CEO, HTI Consulting: Positive Growth Forecast for East African Hospitality Sectors
“East Africa is expected to deliver the strongest real GDP growth in Sub-Saharan Africa over the next decade, according to BMI Research,” says Wayne Troughton, CEO of specialist global hospitality and tourism consultancy, HTI Consulting.
The recipient of this year's 'His Royal Highness H.R.H Prince Khalifa bin Salman Al Khalifa Award for Sustainable Development’ former UN Habitat director Prof. Anna Tibaijuka has met Prime Minister of Bahrain who has lauded her efforts in her past role of sustainable urban development.
Tanzania based cement manufacturer Tanga Cement Public Limited Company has unveiled an all-purpose cement brand to tap into the heightened construction activities across the country.
Former Executive Director of the United Nations Human Settlement Programme, UN HABITAT, Professor Anna Tibaijuka has been awarded the ‘His Royal Highness H.R.H Prince Khalifa bin Salman Al Khalifa Award for Sustainable Development,’ becoming the first woman to receive the award now in its third anniversary.
The much touted construction of Dodoma airport is set to be complete this week, allowing the airport to receive up to ten flights from different countries per day up from three that it received before the renovation.
Shell has announced plans to start oil exploration in Tanzania in the course of this year. According to its partner Ophir Energy, the program will cost $20 million and will comprise two wells on Blocks 1 and 4
Stanbic Bank in Tanzania has launched a new center targeting SMEs with an array of banking services as it taps into the growing economic importance of the sector.
Master Power Technologies (MPT) has been selected to design, manufacture and install a new data centre for Tigo Telecommunications in Tanzania. The task included project managing the whole process and managing the building of a new structure for the data centre.
The winners of the East African round of the 2016 All Africa Business Leaders Awards in Partnership with CNBC Africa (AABLA) were announced at the Kigali Convention Centre (KCC) during an elegant ceremony in Kigali, Rwanda on 8 September.
Consumer goods company Procter & Gamble (P&G) has been named the leading employer of choice in the inaugural East Africa Employer of Choice 2016 Awards.
The East Africa Member states have the most powerful passports in Africa outside South Africa with Kenya’s being the strongest allowing its citizens to travel to 65 countries in the world according to a 2016 Index by World Economic Forum.
Tanzania’s central Bank, THE Bank of Tanzania (BoT), has received two global recognition for its role in advancing financial inclusion.
Tanzania’s Bank M is in the process of acquiring Kenya’s tier 3 Oriental Bank a move that will give it a controlling stake. Already Bank M is in talks with shareholder of Oriental Bank with a view to acquiring 21.25 million shares raising its stake to 51 per cent.
The film industry in Africa set for a major transformation with the injection of millions of funds to improve quality and quantity of productions in an effort to stimulate growth in film making across the continent.
Tanzania’s largest brewing company TANZANIA Breweries Limited (TBL) is targeting 1,838 retailers of its brands in a training it hopes will arm them with business skills including how to increase profit margins and improve sustainability.
Seedstars World, the global seed-stage startup competition for emerging markets and fast-growing startup scenes, is returning to TANZANIA on September 24, 2016
Tanzania is set to sign a 400 megawatts power purchase agreement with Ethiopia which will cater to the country’s and region’s power needs in the next 25 years.
Tanzania Postal Bank (TPB) has opened its branch in Moshi District in the Kilimanjaro Region. The branch was officially opened by the Deputy Minister of Finance and Planning, Hon. Dr. Ashatu Kijaji.
The government of Tanzania is exploring the possibility of setting up an oil trading hub in Tanga, the north sea port city with a view to supplying fuel to East and Central Africa.
Olam is first agri-business globally and first business in Africa to have a site achieve the Alliance for Water Stewardship Standard for its Aviv Coffee Plantation in Tanzania.
The Dubai Department of Tourism and Commerce has picked three East Africa’s capital cities in its marketing drive as it remains a top tourism destination for East African tourists.
Plans are underway to establish an annual professional business to business trade fair for home décor, lifestyle products and fashion accessories which will allow East African craft producers to sell their products in the international markets.
Tanzania beer maker Tanzania Breweries Limited has announced plans to support farmers increase production of local raw materials for beer, wine and spirit making through an $11 million investment.
The insurance sector in East Africa is receiving a major boost with the adoption of common regulatory standards that supervises cross border activities of insurance firms.
Small entrepreneurs involved in groceries, tailoring, food vending and shop keeping will now have access to loans to cater for their medical insurance after Mkombozi Commercial Bank signed a deal with the National Health Insurance Fund (NHIF).
Mobile communication company HALOTEL Tanzania has unveiled a new package dubbed Closed User Group which targets public servants with free calling minutes every day with a view to easing communication
Tanzania’s integrated telecommunication service provider VODACOM Tanzania has launched a comprehensive communication solution targeting Small and Medium Enterprises (SMEs) with a focus on helping the SMEs grow their businesses through technology.
Payment systems agency Maxcom Africa Limited has unveiled an electronic payment system that allows commuters of Dar Rapid Transit, Udart, buses recharge their smart cards at any Malipo shops countrywide as it seeks to bolster the growing interest in the modern buses
Leading diversified Financial Services Company Britam Holdings has opened a branch in Arusha Tanzania as it seeks to tap into Tanzania’s growing insurance banking and investment market.
Over 40 businesses in Tanzania have signed deals with Turkish investors who have been keen on tapping into Tanzania leather industry.
COMORO airline, AB Aviation has announced the launch of new route from Dar es Salaam, Moroni in Comoro to Antananarivo, Madagascar twice a week as it targets increased business opportunities in the region
Stanbic Tanzania is this year’s winner of the Visa Premium award for the best Visa Platinum Card launch in the country and region.
Tanzania is counting on the Tanzania Commodity Exchange to boost farmers’ earnings and facilitate market exchange at a time when price fluctuations have taken a toll on farmers’ proceeds
The East African region has been hailed as a magnet for investors both local and beyond. What with good climate, huge investment in infrastructure, a burgeoning middle class with an affinity for spending and a thriving work force. It is truly a cocktail of incentives for any investor
Leading mobile operator in Zanzibar Zantel has announced plans to grow the number of active women base in its mobile money network from the current 27 per cent to 40 per cent as it seeks to empower women through mobile financing
The parent company of Tanzania’s largest solar company M- POWER known as OFF Grid Electric has unveiled a new consumer brand and opened its first retail shop in a bid to provide customers with reliable and affordable solar energy
Airtel has entered into a partnership with National Microfinance Bank, in an agreement that will see Airtel Money agents getting floats from NMB branches across the country in a bid to boost efficiency in mobile money services
Travel commerce platform Travelport has announced a partnership with TPS Services Ltd in Tanzania that allows the local partner to exclusively use its technology in Tanzania.
This short survey is part of a major research project undertaken by Rotterdam School of Management at Erasmus University (The Netherlands) in collaboration with ESAMI and the Netherlands African Business Council.
The Tanzanian government has entered into a purchase agreement with Bombardier Commercial Aircraft for the purchase of two Q400 turboprop airliners. The aircraft will be delivered with a 76-seat, dual-lavatory configuration and will be used for commercial airline operations in the region
SABMiller Inc has partnered with Coca Cola and Gutsche Family Investment to set up Coca Cola Beverages Africa, CCBA, which will manufacture and sell 40 still and sparkling brands from more than 30 African bottling plants.
Global telco company Vodacom has launched a new second generation MPESA platform that will be hosted in Tanzania which is meant to make mobile money service faster while reducing downtime.
Kenya, Uganda and Tanzania are among 19 countries in Africa set to benefit from a partnership between United Bank Africa, UBA, and Mastercard that is meant to drive financial inclusion through roll out of unique financial services.
Tanzania telecom Zantel in partnership with Zanzibar Electricity Corporation, Zeco, have relaunched a service that allows customers to pay their power bills through their mobile phones
As infrastructure development becomes the platform through which East African countries are competing in a bid to woo more investors, countries are investing heavily in modern roads, airports and ports.
Tanzania’s telecommunication service provider Tigo has entered into a partnership with the Ministry of Communications, works and infrastructure to roll out internet access points in secondary schools across the country in an initiative meant to complement the e school project.
Tanzania Distilleries Limited (TDL) has added another wine variety to its stable as it seeks to sate growing appetite for unique brands in the wine industry by a burgeoning middle class with specific taste and preferences.
Chinese investors have announced plans to set up a $100 million roofing tile making factory in Tanzania by December, as Tanzania looks to industrialization to reach mid-level economic status by 2025
Tanzania’s capital Dar es Salaam is this week playing host to producers and distributors of liquefied petroleum gas who meet to discuss among other issues ways of removing trade barriers.
East African states are suffocating under a well-organized cartel that is fueling the counterfeit industry leading to massive losses in revenue to governments as lives of citizens get endangered.
Storage facilities at the Julius Nyerere International Airport have been upgraded in a move meant to bolster Tanzania’s fresh produce exports as international demand burgeons.