The United Nations Industrial Development Organization (UNIDO) has recognised South African NEC XON’s alternative energy Hybrid Storage Solution (HSS) as an innovative technology for promoting sustained, inclusive and sustainable economic growth.
Africa-focused oil and gas company Aminex announced that the Ruvuma joint venture has awarded the seismic acquisition contract to Africa Geophysical Services (AGS).
The African Development Fund approved a loan of around $116 million to the Tanzanian government to upgrade a 160-km Mnivata-Newala-Masasi road corridor in the southern part of the country.
IT solutions and technology provider Dimension Data has appointed Christopher Makyao as the Managing Director for its Tanzania business.
Chevron partners with Tristar Group to strengthen production and distribution of Caltex lubricants in East Africa
With the signing of this agreement, Chevron has strengthened its already growing presence in East Africa and entrusted its operations to AML as a licensee.
The pan-African housing development financier Shelter Afrique disclosed that the Government of Tanzania has increased its stake in the company after paying $2.7 million in additional capital.
Launched more than 14 years ago in Kenya, M-Pesa is today available in Kenya, Tanzania, Mozambique, DRC, Lesotho, Ghana and Egypt.
The Tanzanian government has finalised plans to introduce cage fish farming in Kagera region in efforts to increase revenue from fisheries resources.
Following concerns and views from the public, claiming that the deductions were too high, President Samia Suluhu Hassan directed two Ministers (Finance and Planning Minister and Minister for Communications and Information Technology) to sit down and work on the matter.
The Government of Tanzania has reiterated its commitment to giving more attention to technology and innovations through the Higher Education for Economic Transformation (HEET), with allocation of 43 billion, approximately $19 million, for setting up new incubators and hubs.
The african|markets team is proud to announce the launch of the public version of the Research, an Africa-focused research distribution platform that connects investors to some of the best equity analysts covering Africa’s frontier markets.
Tanzanian farmers benefit from rapid agricultural mechanization with support from the African Development Fund
Farmers in Tanzania have benefited from rapid transformation with financial support from the African Development Fund to a national agricultural bank program.
The Global Fund and the Government of Tanzania are deepening their partnership with new investments to fight the COVID-19 crisis and accelerate the end of the epidemics of HIV, TB and malaria while building resilient and sustainable systems for health.
With the support of Economic Commission for Africa (ECA), African girl coders are taking the lead in ensuring gender equity and balance in technology on the continent, a field majorly dominated by their male counterparts.
Aminex announced that the Ruvuma joint venture has received an extension to its licence under the Ruvuma PSA from the Ministry of Energy of Tanzania.
eHakiki does this by using technology to reimagine agriculture in Tanzania. eHakiki is providing accessible, scalable solutions for smallholder farmers.
Kenya, Tanzania and Uganda have each reached some key milestones in their efforts to put always on, high-speed data communications within reach of citizens and businesses.
MVIWATA FM attracts smallholder farmers, youth and other marginalized groups, reaching approximately 250,000 people in the rural and urban areas of Tanzania.
Tanzania Agricultural Development Bank (TADB), has entered into a strategic partnership with the Clinton Development Initiative (CDI), to allow the agri-bank disburse up-to $500,000 to unlock the soybean value-chain in Iringa Region, Tanzania.
The Fund for African Private Sector Assistance (FAPA), launched its Africa Franchise Accelerator Project in Tanzania, to promote and model franchising as part of a national enterprise development strategy to stimulate economic integration.
The Bank of Tanzania (BOT) has issued an approval in principle to Cellulant Corporation to operate as a Payment Solution Service Provider in Tanzania having satisfied all the necessary requirements.
Whilst Kenya and Tanzania have for years shared strong trade relations, non-tariff barriers, high cost of production and cheap imports from outside the East Africa Community (EAC) region have impacted trade between the two countries.
Medical Credit Fund (MCF), the not-for-profit fund for financing small and medium-sized (SMEs) healthcare companies in Africa, announced the disbursement of its first loan within MCF2.
To help increase access to longer-term, affordable mortgages and housing in Tanzania, IFC subscribed to a corporate bond issued by the Tanzania Mortgage Refinance Company (TMRC), which was listed on the Dar es Salaam Stock Exchange.
In line with its commitment to investing in and amplifying African music, Audiomack has teamed up with entertainment provider, Ziiki Media, to propel the craft of artistes across Kenya, Tanzania, Uganda, and South Africa through marketing campaigns.
The portal is estimated to serve at least 1.5 million users per month and publishes information on 84 procedures made up of 336 steps, 851 forms and documents, 140 contact persons, 88 norms and laws.
The International Fund for Agricultural Development (IFAD) will provide funding to assist vulnerable small-scale farmers in rural Tanzania.
Pipit Global has announced that in Nigeria, Kenya, Uganda, Tanzania, Mali, Senegal, and Ghana, consumers can now avail of transactions through the pipit platform at lower rates than ever before.
African Guarantee Fund for Small and Medium-sized Enterprises (AGF), signed a Memorandum of Understanding with Tanzania Agricultural Development Bank (TADB), to disburse up-to $20 million worth of loans to agribusinesses in Tanzania.
CIP, RAB, the International Institute of Tropical Agriculture (IITA) and the One Acre Fund have partnered to support and launch a digital platform called AKILIMO that helps farmers and extension workers develop tailored fertilizer recommendations.
SBL’s support comes to light as the world struggles to return to the business from the torment inflicted by the global pandemic.
A number of financial institutions in Tanzania were found to be performing well regarding gender equality at senior management levels, though gender gaps remain and more could be done to improve the position of women in the country.
This webinar will consist primarily of a live demo of how VOGSY offers Quote-to-Cash services as a Google Workspace Add-on.
Tanzania will waive value-added tax on smartphones, tablets, and modems. This was revealed by the Minister of Finance and Planning, Dr Mwigulu Nchemba while presenting the country’s budget for the fiscal year of 2021/22.
The twin acquisitions in Rwanda and Tanzania are part of KCB Group’s ongoing strategy to achieve regional relevance and will increase the brand’s footprint while reinforcing existing market capabilities.
The African Development Bank (AfDB), and the Government of Tanzania have signed loan agreements totalling $140 million to finance the construction of the 50-megawatt Malagarasi hydropower plant in Western Tanzania.
The MultiChoice Group and the MultiChoice Talent Factory are proud to celebrate the love of African cinema with the Colours of Africa film series.
[Tanzania] MondiaPay partners with Vodacom to increase access to digital entertainment for customers
Mondia Pay and M-Pesa have partnered to allow Tanzanians to conveniently access Mondia’s leading suite of online content on the Vodacom Tanzania PLC digital services network.
The United Nations World Food Programme (WFP) and the Tanzania Social Action Fund (TASAF), a Government Department responsible for safety net programmes, have signed a memorandum of understanding to strengthen food security for 300,000 vulnerable families.
African private equity fund manager Ascent announced the first rolling close of its Ascent Rift Valley Fund II (ARVF II) at more than USD 100 million, significantly exceeding its initial target of USD 80 million.
Availability of Azure Stack hub will enable businesses in the region access to cloud solutions that meet the local data regulatory requirements and efficiently run latency-sensitive business applications.
The new Hapag-Lloyd East Africa Service 3 (EAS3) is scheduled to arrive in Kenya and Tanzania next week. The new service will offer excellent connections to Hapag-Lloyd’s global network; Seven 2,800 TEU vessels being deployed in the service.
Tanzania, IFAD partner to boost productivity, improve food security and build resilience of small-scale farmers
A $77.4 million project signed by the International Fund for Agricultural Development (IFAD) and the Government of the United Republic of Tanzania will help rural households facing the impacts of climate change.
Gender norms prevent women from using technology to shell maize in Tanzania
Dr. Mathuki highlighted some of his priorities for the next five years including: pushing for the implementation of liberalization of trade-in services; open skies; harmonization of domestic taxes and standards.
Vodacom Tanzania and Britam Insurance have inked a partnership deal that will see the former issuing third party motor vehicle insurance cover to its over 15 million clients.
Ugandan President Yoweri Museveni and Tanzanian President Samia Hassan Suluhu signed an agreement to contruct the East African Crude Oil Pipeline (EACOP).
The EU announced a new funding of €54.5 million in humanitarian aid devoted to the most vulnerable people affected by human-made or natural disasters, epidemics, and displacement in the Great Lakes region of Africa.
African Energy developments demand sustained investment with new projects in Mozambique, Tanzania, Uganda, and Senegal
In the past twelve months, the African energy sector has seen several encouraging developments, in the form of both Foreign Direct Investment (FDI) and strategic partnerships, that have advanced the sustainable development of its natural resources.
Uganda, Tanzania and oil firms Total and CNOOC on Sunday signed agreements that will kickstart the construction of a $3.5 billion crude pipeline to help ship crude from fields in western Uganda to international markets.
CPaT Global has announced they have been awarded a new contract by Air Tanzania for the provision of distance learning solutions, including Aircraft Systems courses, Interactive Diagrams, Aircraft Procedures.
Smile Telecoms Holdings Ltd., a Pan-African telecommunications group with operations in Nigeria, Uganda, Tanzania, and the Democratic Republic of the Congo, has announced that its RP (Restructuring Plan) has been approved and agreed with the lenders.
CVPeople Tanzania is a talent acquisition and recruitment company that has for 6 years established itself as a frontrunner in the executive search and headhunting for clients across banking, telecom, and NGO sectors.
Helium One appoints Mitchell Drilling as contractor for its three well exploration programme in Tanzania
Helium One has agreed contract terms with Mitchell Drilling for completion of a three hole exploration programme at its 100% owned Rukwa project in Tanzania.
BSMO Co., Ltd. and SBI Africa Co., Ltd. have established the SBI Motor Tanzania office in Dar es Salaam, the very first official SBI Motor office in Africa.
Standard Chartered Bank has today launched a digital pan-bank league competition offering customers across 11 markets an opportunity to accumulate points that lead to prizes.
As previously announced, Aminex completed the Farm-Out agreement with ARA Petroleum Tanzania ('APT') which has assumed Operatorship of the Ruvuma PSA.
Women are the backbone of African agriculture and have been unequally affected by the impacts of the COVID pandemic.
Nium, an advanced global payments platform, has announced that its clients are now able to send funds to their business partners located in Ghana, Kenya, South Africa and Tanzania, with more countries in the pipeline.
Total acts in transparency on social and environmental stakes of the Lake Albert resources development project in Uganda and Tanzania
In accordance with its guiding principle of transparency in engaging with civil society, Total published the studies, independent third-party reviews and social and environmental action plans related to the Tilenga project in Uganda.
Women farmers in Tanzania have harnessed solar technology to reduce post-harvest losses, enhancing food security.
Spotify has expanded into over 80 new markets in more than 36 new languages – including key territories across Africa such as Kenya, Uganda, Tanzania, Côte d’Ivoire, Ghana, Nigeria, and Zimbabwe.
Smile Telecoms Holdings Ltd., a Pan-African telecommunications group with operations in Nigeria, Uganda, Tanzania, and the Democratic Republic of the Congo, announced after its board meeting, significant changes in the leadership of the Group's board and management.
The OPEC Fund for International Development (the OPEC Fund) signed a $50 million loan with Tanzania to finance the Fourth Tanzania Poverty Reduction Project.
Equinor has decided to write down the book value of its Tanzania LNG project (TLNG) on the company’s balance sheet by $982 million.
IFC announced a loan to Kioo, East Africa's largest producer of glass bottles, to help the Tanzanian company weather COVID-19-related challenges, protect jobs, and invest in energy-efficient machinery to reduce its carbon footprint.
African investment company Arise has acquired a 34.9% shareholding previously owned by Rabobank in NMB Bank Plc listed on Dar es salaam Stock Exchange (DSE) in Tanzania.
Global pharmaceutical and laboratory equipment supplier Sartorius is supporting an aid project to improve pharmaceutical training in Tanzania. The company’s donation of 85,000 euros will go to action medeor, the European medical aid organization.
Lima Salama is a hybrid crop insurance product developed by ACRE Africa with support from funding through the FISFAP program under Alliance for a Green Revolution in Africa (AGRA).
The African Development Bank approved a $120 million loan to fund the construction of a 50 MW hydropower plant in Western Tanzania.
Scirocco Energy announced in its operational update that the Company is now in a better position to advance a sales process for its 25% stake in the Ruvuma project in Tanzania, and plans to progress the Ntorya gas discovery situated within the licence.
Airlink, the privately-owned and independent regional airline, has opened reservations for flights between Johannesburg and Dar es Salaam, which will commence on 1 December 2020.
UNCDF has invested in development projects aimed at expanding access to affordable, reliable, and clean energy, investing in a 50kW solar power micro grid project in Mpale Village, Tanzania.
Aminex has announced the completion of the Ruvuma farm-out through its wholly owned subsidiary, Ndovu Resources, transferring 50% interest in, and operatorship of, the Ruvuma PSA to ARA Petroleum Tanzania Limited.
Upstream oil and gas company Aminex announced its wholly owned subsidiary, Ndovu Resources, has received approval from the Tanzanian Government for the transfer of a 50% interest in, and operatorship of, the Ruvuma PSA to ARA Petroleum Tanzania.
Mastercard and Selcom has launched an enhanced mobile application that enables people to centralize all their payment cards, rewards programs and supported mobile banking profiles on one digital platform.
Airtel Tanzania has collaborated with WorldRemit, the global payments company to enable Airtel Money customers to send and receive money directly into their Airtel Money wallets from abroad.
Azam TV has completed the migration of its video platform from the EUTELSAT 7B to EUTELSAT 7C satellite, with a multi-year extension of the existing contract and an incremental capacity commitment.
Jubilee Holdings (Jubilee Insurance), East Africa’s insurance group, and Allianz, world's insurers and asset managers, signed an agreement to establish a strategic partnership in the five African countries where Jubilee Insurance currently operates.
Azam TV has completed the migration of its video platform from the EUTELSAT 7B to EUTELSAT 7C satellite, with a multi-year extension of the existing contract and an incremental capacity commitment.
Kenya Airways (KQ) has resumed flights to the United Republic of Tanzania following the lifting of the suspension of all Kenyan aviation operators by the Tanzanian Government.
NMB Bank PLC and Mastercard have announced a partnership to roll out 1.5 million Mastercard branded prepaid and credit cards in Tanzania over the next five years.
[Column] Pedro Guerreiro: What East Africa can teach the rest of the continent about economic growth
The 21st century is widely touted as the ‘African Century’, a period promising unprecedented economic and technological growth for the continent. Africa’s future looks bright.
The East African Community has kicked-off national launches of the 50 Million African Women Speak Networking Platform.
DOB Equity, a Dutch family-backed impact investor in East Africa, has made a further investment in Tanga Fresh, the biggest dairy processor in Tanzania.
An upsurge in cases of malnutrition among children in rural Tanzania, combined with the issue of poor markets for farmers, inspired Jolenta Joseph to venture into the nutrition business in 2017.
Low-cost carrier Fastjet has announced that it is to de-list from the AIM market and will re-register as a private company in a last-ditch bid to survive.
CPTDC has been awarded a contract to design, supply, install and commission natural gas compressors for exploration company Orca Energy, to be used in the company’s Songas facility, on Songo Songo Island in Tanzania.
The Global Road Safety Facility (GRSF) and the United Nations Road Safety Fund (UNRSF) will jointly support a comprehensive evaluation of the first global deployment of the Ten Step Plan for Safer Road Infrastructure in Tanzania.
Entrepreneurs from Nigeria and Tanzania running innovative businesses to address malnutrition emerged winners in this year’s SUN Pitch Competition organised by the SUN Business Network.
Air Tanzania has selected Panasonic Avionics’ inflight entertainment (IFE) connectivity system to enhance the passenger experience onboard its Airbus A220 aircraft.
Incomes for hundreds of seaweed farmers will be improved and globally important coastal ecosystems will be restored with a new and innovative partnership in Tanzania between The Nature Conservancy and Cargill.
Neema Lugangira’s enterprise Healthy Maisha, meaning Healthy Life, operates in Tanzania’s commercial city of Dar es Salaam and seeks to bridge the nutrition gap, and iron deficiency in particular.
By cutting the crossing time to a maximum of half an hour, the One-Stop Border Post project has boosted trade and tourism between Kenya and Tanzania.
The Finnish Ministry for Foreign Affairs has granted €11.2 million to 4-year higher education partnerships to develop the capacity of distance learning at higher education institutions.
An African Development Bank project to enhance market infrastructure, value addition and rural finance (MIVARF) in Tanzania produced highly satisfactory results, according to a report released by the project team.
The African Energy Chamber expresses its concerns over the alleged arrest and detention of three energy executives in Tanzania last week.
Tanzania Vodacom customers to transfer and receive funds from across more than 200 countries worldwide
Tanzania’s leading mobile money service provider Vodacom M-Pesa announced the expansion of its International Money Transfer service portfolio and Vodacom customers will now transfer and receive funds from across more than 200 countries.
The National Aviation Services (NAS) has received its first IATA Safety Audit for Ground Operations (ISAGO) registration in Tanzania for its operations at Dar es Salaam and Kilimanjaro international airports.
FAO welcomed the decision by the Global Environment Facility Council to allocate a substantial $176 million to 24 of its projects that tackle the critical intersection between agriculture and environmental concerns.