The Permanent Parliamentary Committee on Energy and Minerals inspects the East African Crude Oil Pipeline
The Permanent Parliamentary Committee on Energy and Minerals has visited the Chongoleani Port facility of the East African Crude Oil Pipeline (EACOP) project and has been satisfied with the progress of the project.
TAQA Dalbit launches the first integrated natural gas filling station and conversion center in Tanzania
The project was developed by TAQA Dalbit, a Joint Venture (JV) between TAQA Arabia and JCG Oil & Gas, to bolster the Tanzania Petroleum Development Corporation’s resolve to increase the use of its natural gas reserves, which offers a cleaner and cheaper alternative to consumers.
The Tanzania eLibrary Project entails the widespread deployment of Snapplify's cutting-edge eLibrary platform to every school in Tanzania.
To boost access to finance for climate-friendly development projects in Tanzania, IFC has announced an investment in CRDB Bank Plc's first green bond.
African Development Bank supports small horticultural businesses with $2.5 million grant in Tanzania
The Board of Directors of the African Development Bank Group approved a $2.5 million grant to prop some 10,000 small horticultural businesses in Tanzania.
Airtel Money and TerraPay to offer mobile money services for Tanzanian customers traveling within the UAE
This announcement follows the recent launch of the 10% Fly Dubai discount announced in July.
This investment from Liquid Tanzania will provide a more conducive environment for local businesses to accelerate their digital transformation journeys.
By targeting and reducing food loss and waste, the USAID Tuhifadhi Chakula project will increase food security, improve livelihoods, increase employment, and generate export opportunities for Tanzania – especially among women and youth.
Tembo Gold announces transformative acquisition and landmark investment from Tanzanian strategic investor
Tembo Gold Corp to announce that it has entered into a Licences Purchase Agreement with Lake Victoria Gold Ltd.
Scirocco Energy, the AIM investing company targeting attractive assets within the European sustainable energy and circular economy markets announces an update regarding the Ruvuma transaction.
d.light, the global provider of household products and affordable finance for low-income households, today announced a $30 million securitization facility with the capability to purchase up to $125 million of receivable assets.
The agreement with Access for the sale of the bank’s business in Sub-Saharan Africa is in line with Standard Chartered’s global strategy, aimed at achieving operational efficiencies, reducing complexity, and driving scale.
The National Payment System Act, 2015 requires all PSPs to undergo a rigorous license application process to provide payment services in Tanzania.
The project will include the construction of a 166km overhead transmission line connecting the Kagera region to the national grid, replacing the current energy supply from Uganda with local hydropower resources.
This partnership comes at a time when the world is easing towards digital payment since Covid-19, resulting in an increase in the digital user base and shifted consumer purchasing behaviour.
I&M Bank Tanzania partners with Mastercard to launch premium world debit card and multicurrency prepaid cards
These cards will enable customers to make seamless transactions in both domestic and international markets.
I&M Bank Tanzania has partnered with Mastercard to launch a suite of Debit and Multicurrency Prepaid Cards. These cards will enable customers to make seamless transactions in both domestic and international markets.
AfDB, Tanzania government launch $54 million initiative to drive job creation for youth in Zanzibar’s blue economy
The African Development Bank Group and the Republic of Tanzania have launched the Skills Development for Youth Employability in Blue Economy project. This is a project that will enable Zanzibari youth to find well-paying maritime and other blue economy jobs.
CPS and African School of Economics join forces to establish University and Research Labs in Fumba Town
CPS to announce its partnership with the African School of Economics (ASE), spearheaded by Prof Leonard Wantchekon, the esteemed President and Founder.
Letshego Bank Tanzania, a subsidiary of Letshego Holdings Limited (Letshego Group) and Tanzania Commercial Bank have announced their partnership for deposits.
Energy giants Equinor, Shell and Exxon Mobil have concluded talks with the Government of Tanzania over the construction of a mega LNG export facility in the East African country.
Youth-led African agrifood businesses are back in the spotlight as Generation Africa rolls out the 2023 edition of the Gogettaz Agripreneur Prize Competition.
HRLeverage, a provider of outsourcing and Professional Employer Organization (PEO) solutions, has announced its expansion into Kenya and seven other African countries, including Uganda, Rwanda, Tanzania, Senegal, Nigeria and Zambia.
The funds will finance the construction of the 87.8-megawatt Kakono Hydropower Plant located in Kagera region in the northern part of Tanzania. The project also received a grant of EURO 36 million from the European Union.
The new technology links schools with telemedicine equipment manufacturers who have technologies that are compatible with CHIL's Telemedicine Artificial Intelligence chatbot
Wazima Health, Africa’s Integrated e-Health Telemedicine and Health management UK company, AXESS Networks, and COMITAS e-Health, a Spanish Telemedicine Service Provider, hereby announce their joint partnership.
NALA, the fintech firm payments company born in Tanzania has been granted a Payment Service Provider License to operate in the country.
This partnership will empower Tigo Pesa customers to transact on global payments platforms and benefit from Mastercard’s technology which will enable new digital commerce opportunities for consumers and merchants, through simple and secure payment experiences.
$2.5 Million fund will help the company expand its services, which include a number of banking products for customers in Uganda, Kenya and Credable’s home country of Tanzania.
Yabx Technologies is a financial technology company which through its partnerships with banks and telecom operators, underwrites and services target segments available over customer networks.
Finclusion Group Limited (“Fin”) has successfully undergone a brand unification, consolidating all its separate brands and products across Africa into one brand, and is now simply known as Fin.
Trading of the bond at the DSE will continue, and the hope is its listing in Luxembourg will attract the attention of global investors on sustainable and gender-based bonds.
As East Africa seeks to become a more deeply integrated and dynamic digital investment, innovation, and growth hub, it is exploring initiatives and partners to help it drive that agenda as it seeks to boost its competitiveness as an investment hub.
In the last week, a series of investments across East Africa have been unveiled by corporates, banks, multinationals and development partners as the region continues to position itself as an investment hub in the continent.
A bulk of East African countries’ electricity comes from renewables. Yet the region’s transport sector relies entirely on imported petroleum fuels.
[East Africa Business Week] Bob Koigi: Region warms up to the hospitality industry’s expansion binge
Global respected hotel brands are expanding their footprint and have identified Africa as a key investment destination with the East African region catching their attention for its MICE, business and leisure growth potential.
In a first of its kind move, The East African Community (EAC) has announced setting up a Diaspora desk that will focus on facilitating East Africans living in the diaspora to invest and trade in the region.
Small and medium-sized enterprises (SMEs) account for an estimated 90% of all businesses in Africa and women own about a third of all registered African SMEs.
East African startups have been on an expansion drive, raising funding as they seek to tap into emerging opportunities in the region and across Africa while growing their portfolio.
In a historic move for the integration process, The East African Business Council, COMESA and SADC Business Council recently launched and formed the African Tripartite Business Council.
The Summit discussed a raft of issues touching on the region from infrastructure development, energy transition, removing all restrictions on air transport services and strengthening the community.
Among the key interventions proposed in the strategy is the creation of new forms of sustainable bioenergy, and the conversion of waste materials to useful products.
West African companies have particularly been keen to expand their operations in the East African region. This has been through mergers, partnerships or takeovers.
The recent entry of the Democratic Republic of Congo to the East African Community has heralded a new economic dispensation expanding the regional market.
East African member states, private sector players and development partners have stepped up their investment in women-led businesses and SMEs in a move likely to impact cross-border trade and boost integration in the region.
Noesis Strategic Institute, is a Tanzania-based company that works with organizations to elevate, empower and sharpen their workforce by building a cohesive system with an aim of achieving business success through bespoke services.
East Africa financial institutions are betting on tech to boost their offerings, grow their customers’ portfolio and stay afloat in a competitive market.
[East Africa Business Week] Bob Koigi: What EU’s lifting of financial sanctions on Burundi means for EAC
The EU made the decision in the wake of deteriorating political situation occasioned by a disputed presidential election in 2015.
As the East African nations continue to make oil and gas discoveries, investors and multinationals are pitching tent in the region on an exploration binge with governments betting on the newfound resources to grow national and regional economies.
An increase in submarine cable activities and fiber connectivity is attracting more investments in East Africa while opening up the region to the world.
BMS Group, a Tanzanian company, operates different companies across tourism, security, consultancy, trading, and interior design and construction.
Ubongo is a Pan-African social enterprise that creates localised edutainment to help Africa's 440 million kids learn, and leverage their learning to change their lives.
As the East African Community, EAC, member states eye innovative ways of deepening integration and trading more with each other, the bloc and individual countries are putting in place mechanisms, policies and legislation that seek to address longstanding hiccups that have put the brakes on seamless regional trade.
[East Africa Business Week] Bob Koigi: East Africa positions itself as investment destination of choice
The East African community continues to live up to its billing as a prime investment destination for investors.
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.
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.
[Vacancies] Africa Business Communities wants to work with freelance Business and Tech Journalists, Bloggers
Africa Business Communities is looking for Freelance Business and Tech Journalists, Bloggers in Nigeria | South Africa | Ethiopia | Uganda | Ghana
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.
Africa Healthcare Network has over the years worked to change the landscape of renal care and education in Sub-Saharan Africa through the provision of dialysis services, education of clinicians and patients.
This year, reports and news articles have been awash with stories of a dysfunctional EAC bloc stagnated and in near-crumbling state.
Irfan Mirza is an IT consultant, project manager and strategist who co-founded Trend Solar, a power solution for rural communities in Africa.
Mr. Joe Watson Gakuo is the Chief Executive Officer of Oleum Holdings Limited, and the founder of Upstream Awards.
[Column] Bob Koigi: Deepening regional trade and East African integration with one stop border posts
Traders passing through East African border points have traditionally grappled with harrowing experiences, from bureaucratic procedures to harassment by custom officials.
Africa Business Communities will be developing a Tech Platform on its website and is therefore looking for a freelance journalist/webmaster
If the East African community member states are not burning each other’s chicks, or auctioning cows, they are embroiled in trade disputes and mistrust in what has become characteristic of the integration journey.
East African countries are grappling to balance two sometimes conflicting needs. On the one hand, they want to encourage foreign investment. On the other, they want to ensure that local skills and labour are not displaced by imported skills.
The modernization is set to increase network capacity and offer faster and more reliable connections across Madagascar and Tanzania.
Impacc gGmbH has announced a call for applications for its third venture cohort of investment in innovative entrepreneurs in Rwanda, Uganda, and Tanzania, who will get a smart equity investment to scale their businesses.
Africa50, la plateforme panafricaine d'investissement dans les infrastructures, a annoncé qu'elle a accueilli la République de Tanzanie en tant que34e actionnaire.
FMO, the Dutch entrepreneurial development bank, recently arranged a USD 125 mln senior loan facility for its long-term customer NMB Bank in Tanzania.
FMO to announce a USD 11 million NASIRA risk sharing facility for NMB Bank Plc. in Tanzania to support Tanzanian MSME sector.
Tigo Tanzania and Ericsson launch 5G in Dar Es Salaam, Dodoma, and Zanzibar and modernize the existing 4G network across the country.
Over 25 percent of intra-African trade gains in all services liberalized under AfCFTA will go to transport alone and nearly 40 percent of the increase in African services will be in the transport sector.
Climate resilience venture launcher Triggering Exponential Climate Action (TECA) has announced the selection of seven startups to each receive $55,000 in funding to advance their solutions for the blue economy in Africa.
Heifer International to partner with Mastercard to empower millions of smallholder farmers in Africa
Heifer International and Mastercard have announced an agreement to connect millions of smallholder farmers in Sub-Saharan Africa to Mastercard's Community Pass – a digital platform that makes it safer and easier for farmers to get paid more and faster for their produce.
Raxio continues pan-African expansion by developing Angola’s first carrier-neutral Tier III data centre
Raxio Group (Raxio), a premier pan-African data centre developer and operator, announced that it is investing and establishing ‘Raxio Angola’, the first state-of-the-art, carrier neutral, Tier III data centre in the country.
UN Women has launched a 4-year project on strengthening women’s and girls’ meaningful participation, leadership, and economic rights (WLER) at local levels.
To support the development of small enterprises (MSMEs) and individuals in sub-Saharan Africa, Swedfund is investing an additional EUR 15 million in the microfinance institution Platcorp, targeted at clients in Kenya, Uganda and Tanzania.
The high-speed network on Mount Kilimanjaro is part of the national ICT broadband backbone network project, built by Tanzania Telecommunications Corporation (TTCL). Huawei Tanzania donated most of the telecommunication equipment for the Mount Kilimanjaro network deployment.
The AGRF, Africa’s Food Systems Forum, is the premier platform for advancing the agriculture and food systems agenda on the continent; from food security to agri-food investments.
The pogram aims at developing the executive leadership talents and competencies as well as enriching technical knowledge for the senior executives from the African banking and financial sectors by raising the efficiency of human cadres working in these sectors.
Ramani, software company building a cloud network of micro-distribution centres for Africa's $1 Trillion consumer-packaged goods supply chain, has closed its $32million series A round of equity & debt.
World Bank Group appoints Nathan Belete as the new Country Director for Malawi, Tanzania, Zambia and Zimbabwe
Mr. Belete is an Ethiopian national and a development professional with over 25 years of work experience across Africa, East Asia, and South Asia.
The project will be executed in collaboration with PATH, and funded by The Stop TB Partnership and UNOPS.
The move sees IHG Hotels & Resorts swiftly expand its presence across Africa, as the continent’s profile continues to grow.
Eight countries have commenced guided trading under African Continental Free Trade Area (AfCFTA).
NALA, a Tanzanian fintech startup facilitating remittances from the African diaspora in the UK and US, has integrated Google Pay into its suite of payment options for users.
Kenyan agency banking as a service provider Tanda is expanding its operations regionally after closing a seed funding round last month.
The financing agreement was signed between KfW and UNICEF for EUR 25 million to improve vaccine logistics in the West African countries, KfW is also supporting vaccinations against COVID-19 and other infectious diseases in East Africa.
With an investment of over $11 million in Class B shares, Tanzania’s National Social Security Fund (NSSF) joined the Eastern and Southern African Trade and Development Bank Group (TDB Group) as its 20th institutional shareholder.
[Tanzania] World Bank financing to strengthen climate change adaptation and resilience in Dar es Salaam
New financing approved by the World Bank Board of Executive Directors will help reduce the flood exposure of over 300,000 people, including many low-income communities, while providing access to better infrastructure and services.
For the AfCFTA to be truly successful, businesses in particularly Small and Medium Enterprises (SMEs) in critical sectors such as agriculture, manufacturing (clothing and textiles) and services (especially tourism), informal trading, and professional services in which women and youth are predominantly engaged, must be supported to thrive.
African e-commerce startup Wasoko partners with the government of Zanzibar to establish an innovation hub that will focus on building world-class tech solutions.
With this partnership, Apollo will provide healthcare services with advanced cancer care treatments.
Andersen Global continues to add depth to its Africa platform through a Collaboration Agreement with Tanzania-based law firm Lawhill and Co. Advocates.
Mozilla is awarding five Kenyan projects developing Kiswahili voice-enabled applications 50k grant each
Mozilla has announced a collaboration that will see eight companies developing Kiswahili voice technologies receive a $50,000 grant each to advance their functionalities.
Popular ride-hailing company Bolt has switched to corporate clients only in Tanzania. This, the firm says is due to the regulatory environment that is causing undue pressure on the sustainability of its operations in the country.
IFC's $35 million financing package will help Jubaili expand its production capacity in Nigeria, Ghana, Tanzania and Uganda, helping to offset Africa's reliance on agrochemical imports.
The African Development Bank signed a $60 million financial package comprising $50 million subordinated debt to support CRDB Bank’s regional expansion efforts and a senior loan of $10 million to accelerate access to finance for small businesses managed and owned by women in Tanzania.
The Board of Directors of the African Development Bank Group approved $73.5 million to finance a program that will boost Tanzania’s food production by a million tonnes in three years.