Letshego Bank Tanzania and Tanzania Commercial Bank announce new partnership for deposits
Letshego Bank Tanzania, a subsidiary of Letshego Holdings Limited (Letshego Group) and Tanzania Commercial Bank have announced their partnership for deposits.
Equinor, ExxonMobil, Shell conclude talks for mega LNG project in Tanzania
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.
Applications the annual $100k GoGettaz Agripreneur Prize Competition open
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 expands into seven African countries
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.
AfDB, European Union and France invest $300 million in Tanzania’s hydropower project
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.
[Tanzania] CHIL Femtech Center launches telemedicine product for students across Africa
The new technology links schools with telemedicine equipment manufacturers who have technologies that are compatible with CHIL's Telemedicine Artificial Intelligence chatbot
AXESS Networks, COMITAS e-Health, Wazima Health partner to provide eHealth solutions in Africa
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.
Fintech firm NALA receives PSP license from Bank of Tanzania
NALA, the fintech firm payments company born in Tanzania has been granted a Payment Service Provider License to operate in the country.
Tigo, Selcom and Mastercard partner to launch online digital payment solution in Tanzania
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.
Credable raised $2.5 Million to expand digital banking platform for customers in Uganda and Kenya
$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 expands into Nigeria
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 consolidates all its brands and products, and is now known as Fin
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.
NMB Bank opted to list Jasiri Bond on Luxembourg bourse
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.
[East Africa Business Week] Bob Koigi: Enhancing regional digital integration
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.
[East Africa Business Week] Growing the region’s investment portfolio
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.
[East Africa Business Week] Bob Koigi: Accelerating sustainable and clean transport solutions
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.
[East Africa Business Week] Bob Koigi: Deepening diaspora remittances, driving regional investment
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.
[East Africa Business Week] Bob Koigi: Investing in women-led businesses
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 Africa Business Week] Bob Koigi: Region’s startups are on an expansion binge
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.
[East Africa Business Week] Bob Koigi: Bolstering integration with Tripartite Business Council
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.
[East Africa Business Week] Bob Koigi: Actualizing the Common Market Protocol
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.
[East Africa Business Week] Bob Koigi: Region bets on bioeconomy to bolster growth
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.
[East Africa Business Week] Bob Koigi: West meets East
West African companies have particularly been keen to expand their operations in the East African region. This has been through mergers, partnerships or takeovers.
[East Africa Business Week] Bob Koigi: DR Congo’s factor in the integration agenda
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 Africa Business Week] Bob Koigi: Investing in women-led businesses to deepen integration
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.
[Interview] Murtaza Versi, CEO, Noesis Strategic Institute, Tanzania
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 Business Week] Bob Koigi: Financial institutions bank on tech to bolster offerings
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.
[East Africa Business Week] Bob Koigi: Heightened oil and gas activities inspire more investments
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.
[East Africa Business Week] Bob Koigi: Sub marine cable investment connects region to the world
An increase in submarine cable activities and fiber connectivity is attracting more investments in East Africa while opening up the region to the world.
[Interview] Burak Buyuksarac, CEO, BMS Group, Tanzania
BMS Group, a Tanzanian company, operates different companies across tourism, security, consultancy, trading, and interior design and construction.
[Interview] Christina Bwana, General Manager, Ubongo, Tanzania
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.
[East Africa Business Week] Bob Koigi: What 2022 portends for East Africa
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.
[Column] Phyllis Wakiaga: Why goodwill is essential for lucrative trade relations
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.
[Interview] Naike Moshi, Country Director, CVPeople Tanzania
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
The one-stop border post between Tanzania and Kenya, a symbol of East-African integration
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.
[Interview] Nikhil Pereira, CEO, Africa Healthcare Network, East Africa
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.
[Column] Phyllis Wakiaga: How the EAC bloc can leverage its market
This year, reports and news articles have been awash with stories of a dysfunctional EAC bloc stagnated and in near-crumbling state.
[Interview] Irfan Mirza, CEO, Trend Solar, Tanzania
Irfan Mirza is an IT consultant, project manager and strategist who co-founded Trend Solar, a power solution for rural communities in Africa.
[Interview] Joe Gakuo, CEO, Oleum Holdings, Kenya
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.
[Vacancy] Freelance African Tech Journalist
Africa Business Communities will be developing a Tech Platform on its website and is therefore looking for a freelance journalist/webmaster
[Column] Bob Koigi: East African Community. Whither integration agenda?
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.
Investors hiring expats in Africa must demonstrate importance of skills - Bowmans Law Firm
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.
Ericsson and AXIAN work for the modernization of Telma Madagascar’s and Tigo Tanzania’s networks
The modernization is set to increase network capacity and offer faster and more reliable connections across Madagascar and Tanzania.
IMPACC opens up its call for investment applications of up to $150k in social ventures in EA
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.
La République de Tanzanie devient le 34e actionnaire d’Africa50
Africa50, la plateforme panafricaine d'investissement dans les infrastructures, a annoncé qu'elle a accueilli la République de Tanzanie en tant que34e actionnaire.
Team Europe FMO and Proparco support Tanzanian private sector growth through $125 mln to NMB Bank
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 signs USD 11 millions guarantee to NMB Bank, supporting Tanzanian MSME sector
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 and enhance existing network
Tigo Tanzania and Ericsson launch 5G in Dar Es Salaam, Dodoma, and Zanzibar and modernize the existing 4G network across the country.
Tanzania ready to trade under AfCFTA guided trade initiative
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.
7 African Startups to receive $385k in developing solutions for blue economy
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 and Finland launch 4-year project to promote women's economic rights in Tanzania
UN Women has launched a 4-year project on strengthening women’s and girls’ meaningful participation, leadership, and economic rights (WLER) at local levels.
Swedfund invests 15 million Euro to reach MSMEs
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.
Huawei partners with Tanzania government to provide network coverage on Mount Kilimanjaro
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.
Tanzania to host the AGRF, Africa’s Food System Forum 2023
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.
Tanzanian bankers tap skills from Egyptian Banking Institute
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.
[Tanzania] Retail-tech startup Ramani announces $32M Series A funding
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.
SystemOne launches medical diagnostic network in Tanzania to reduce treatment time
The project will be executed in collaboration with PATH, and funded by The Stop TB Partnership and UNOPS.
InterContinental Hotels Group partners with Msafiri Limited launch hotels across African markets
The move sees IHG Hotels & Resorts swiftly expand its presence across Africa, as the continent’s profile continues to grow.
8 African countries kick-start free trade with 96 products.
Eight countries have commenced guided trading under African Continental Free Trade Area (AfCFTA).
NALA enables Google Pay payments from the US and UK into Africa
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 fintech Tanda plans agency banking entry in Uganda, Rwanda, Tanzania
Kenyan agency banking as a service provider Tanda is expanding its operations regionally after closing a seed funding round last month.
KfW supports COVID vaccination campaigns and logistics in West and East Africa
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.
Tanzania's NSSF becomes TDB Group shareholder with over $11m Class B shares investment
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.
Tanzania hosted maiden AfCFTA women and youth in trade conference
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.
Wasoko partners with the government of Zanzibar to establish an innovation hub
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.
Apollo Hospitals and Eclipse Group Africa to set up diagnostic and cancer centre in Tanzania
With this partnership, Apollo will provide healthcare services with advanced cancer care treatments.
Andersen Global expands operations into Tanzania
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.
[Tanzania] Bolt switches to corporate clients only
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 and Jubaili Holdings partner to enhance food security in Sub-Saharan Africa
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.
[Tanzania] AfDB and African Guarantee Fund sign $110 million agreement to finance Women’s SMEs
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.
African Development Bank Group approves $73.5 million to boost food production 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.
IFC et CRDB Plc s’associent pour l’accès au financement des petites entreprises en Tanzanie et au Burundi
Un nouveau partenariat entre IFC et CRDB Plc annoncé aujourd'hui va accroitre l'accès au financement pour les micro, petites et moyennes entreprises (MPMEs) en Tanzanie et au Burundi, contribuant ainsi à soutenir la reprise dans ces deux pays suite aux impacts économiques de la pandémie de COVID-19.
IFC and CRDB PLC to boost access to finance for small businesses in Tanzania and Burundi
A new investment between IFC and CRDB PLC announced will increase access to finance for micro, small and medium-sized enterprises in Tanzania and Burundi, helping strengthen both countries' recovery from the economic effects of the COVID-19 pandemic.
KfW Development Bank provided EUR 18.5 million for the construction CCBRT hospital in Dar es Salaam
KfW Development Bank provided EUR 18.5 million in funding for construction and equipment, and numerous other partners and donors – as well as the Tanzanian Government - are also supporting the project.
FMO soutient les jeunes entreprises technologiques en Afrique
FMO annonce son soutien au programme AfricArise, qui vise à accélérer la création de nouvelles entreprises technologiques au Ghana, au Maroc et en Tanzanie.
FMO to support tech startups in Africa
FMO announces its support for the AfricArise program to help accelerate tech startups in Ghana, Morocco and Tanzania
Fintech platform Nomanini launches app to connect FMCGs and financial service providers in Africa
Fintech platform Nomanini has today announced the launch of a new supply chain finance solution called StockNow that connects FMCGs and financial service providers to serve Africa’s informal retailers at scale.
Neglected tropical disease mentorship launched in honour of Dr Mwele Malecela
World Health Organization (WHO) and the Bill & Melinda Gates Foundation today announced plans to set up a mentorship programme for African women working in neglected tropical diseases programmes.
AfricArena partners with FMO to accelerate tech startups in Ghana, Morocco and Tanzania
AfricArena, the African series of tech events, announced a partnership with FMO Ventures Program, the Rise Open Innovation Challenge, which focuses on accelerating the growth of startups looking to improve the state of Africa.
[East Africa Business Week] Bob Koigi: Catalyzing private investments in agriculture
The recent decision by the International Fund for Agricultural Development (IFAD) to open an office serving the East and Southern African regions is a pointer to the crucial role farmers play in the region play in the East African, continental and global food systems.
[Tanzania] New aggregation center helps Kigoma farmers with crop preservation
To address these serious post-harvest losses alongside other issues such as low productivity, access to finance and markets, the Kasulu District Council partnered with the United Nations Capital Development Fund (UNCDF) to construct a crop aggregation center in Mvugwe village to aggregate cassava, maize and beans from small-scale farmers in the district.
TİKA support for oral and dental health in Tanzania
TİKA and AFA, the “2nd Tanzania Oral and Dental Health Organization” has been carried out at the Faculty of Dentistry of Muhimbili University of Health and Allied Sciences in Dar es Salaam.
Petrodel to re-enter Tanzania
Petrodel Resources Ltd. (‘Petrodel’), a leading energy company in the development of oil and gas reserves, has announced its intention to revive its operations in Tanzania.
African Development Bank approves $120m loan to build Malagarasi hydropower project in Tanzania
The African Development Bank approved a $120 million loan to fund the construction of a 50 MW hydropower plant in Western Tanzania.
Airtel Tanzania partners with WorldRemit on international money transfers
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.
Allianz acquires controlling stakes in Kenya’s Jubilee Holdings subsidiaries
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.
NMB Bank, Mastercard to roll out 1.5 million credit cards in Tanzania
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.
IFC provides loan to support Tanzanian glassmaker Kioo
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.
Arise B.V. acquires 34.9% of Rabobank stake in NMB Bank Tanzania
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.
PROPARCO supports CRDB Bank's commitment towards MSMES in Tanzania
Through a credit line and portfolio guarantees amounting to a TZS182 billion commitment, Proparco will help boost CRDB Bank’s capacity to support micro, small and medium-sized enterprises (MSMEs) in Tanzania.