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.
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.
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.
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.
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.
A bulk of East African countries’ electricity comes from renewables. Yet the region’s transport sector relies entirely on imported petroleum fuels.
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.
[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.
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.
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.
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.
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.
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.
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.
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 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.
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.
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 in funding for construction and equipment, and numerous other partners and donors – as well as the Tanzanian Government - are also supporting the project.
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.
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 announces its support for the AfricArise program to help accelerate tech startups in Ghana, Morocco and Tanzania
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.
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, 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.
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.
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 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.
West African companies have particularly been keen to expand their operations in the East African region. This has been through mergers, partnerships or takeovers.
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.
The recent entry of the Democratic Republic of Congo to the East African Community has heralded a new economic dispensation expanding the regional market.
The African Development Bank approved a $120 million loan to fund the construction of a 50 MW hydropower plant in Western Tanzania.
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.
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 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 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.
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.
Grâce à une ligne de crédit et à des garanties de portefeuille représentant un engagement total de 182 milliards de shillings tanzaniens, Proparco contribuera au renforcement de la capacité de CRDB Bank à soutenir les très petites, petites et moyennes entreprises (TPME) en Tanzanie
Juniper Biologics signs exclusive license agreement with Helsinn for infigratinib for the emerging markets
Juniper Biologics Pte Ltd, announced the signing of an exclusive license agreement to develop and commercialise infigratinib (INN) in the Middle East and Africa for the treatment of adults.
The President of Tanzania, Samia Suluhu Hassan has stated that the country has a goal of producing 6,000MW from renewable energy by 2025.
Tanzania-based fintech startup NALA has partnered with Pan-African payments company, Cellulant to power payments from the United Kingdom and the United States to Kenya, Uganda, Rwanda, Tanzania and Ghana.
Millicom International Cellular S.A. (NASDAQ: TIGO) announces that it has completed the transaction announced for the sale of its operation in Tanzania to a consortium led by Axian, a pan-African group.
To boost access to finance for women-owned micro, small and medium-sized enterprises in Tanzania, IFC invested in sub-Saharan Africa's first Gender Bond listed by Tanzania's NMB Bank Plc.
Kwely Inc. a finalisé un cycle de financement de démarrage d'un million de dollars avec une injection de 700 000 dollars de capitaux frais dirigée par WIC Capital avec la participation de Loftyinc Capital, Afropreneur Angels, Haskè Ventures et d'autres investisseurs providentiels.
Tanzania and the US have signed seven agreements for business projects which are set to be implemented in Tanzania by investors and companies from the United States of America.
French oil and gas major Total along with its partners has completed the final agreements required to build the $3.5bn Lake Albert development project in Uganda and Tanzania.
Uber has suspended its operations in Tanzania, citing a tough regulatory environment that has made it difficult for the ride-hailing company to continue running in the East African country.
Andersen Global expands its presence in Africa through a Collaboration Agreement with ISHARA Consulting Limited (iSHARA), a tax and business advisory services firm in Tanzania.
For the growing digital economy in African cities and rural areas, Axian Telecom offers secure, reliable Internet access and digital financial services in Tanzania, Madagascar, Togo, Senegal and Uganda.
The National Aviation Services (NAS), the aviation services provider in the emerging markets, has renewed its IATA Safety Audit for Ground Operations (ISAGO) accreditation for Kilimanjaro and Dar es Salaam airports in Tanzania.
Diamond Trust Bank’s Uganda subsidiary overtook Tanzania as its most profitable regional unit in 2021, on the back of improved earnings and stabilisation of non-performing loans in the unit.
Minister for Africa Vicky Ford launches major education initiative to improve education for over 4 million vulnerable children.
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.
The Raxio Group, a premier pan-African data centre developer and operator, announces it is investing and establishing ‘Raxio Tanzania’, the first state-of-the-art, carrier neutral, Tier III data centre in the country.
African fintech Flutterwave announced it has gained approval from the Bank of Tanzania (BoT) to launch its payment service in the country.
AGRA and AIM for Climate announced partnership to accelerate investments for climate-smart agriculture
The Alliance for a Green Revolution (AGRA) and Agriculture Innovation Mission for Climate (AIM for Climate) announced partnership to accelerate investments and support for climate-smart agriculture and food systems innovation.
Tanzania exported 5,362.9 tons of meat worth 22,442,111.96 U.S. dollars between July 2021 and January 2022, the Minister for Livestock and Fisheries, Mashimba Ndaki, said on Monday.
TAQA Arabia has signed a memorandum of understanding with Tanzanian government officials to develop several gas delivery projects in the presence of President of Tanzania Samia Hassan.
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The expansion of Nigerian fintech Paga to Ethiopia through a partnership with the Bank of Abyssinia is the latest in a growing list of digital financial services investments in the region.
RAHA Limited officially unveils its new identity – Liquid Intelligent Technologies, a business of Cassava Technologies.
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.
MavRDC is a service provider for secure destruction of digital storage devices and general e-waste recycling in East Africa.
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.
The government of Tanzania and the World Bank have signed two concessional loan agreements worth $650 million (about Sh1.501 trillion) for the improvement of education and land administration systems.
Bloomberg Philanthropies announced a partnership with CARE to expand existing Village Savings and Loans Associations (VSLAs) for agricultural funds in Tanzania, Rwanda, and Democratic Republic of the Congo
East Africa financial institutions are betting on tech to boost their offerings, grow their customers’ portfolio and stay afloat in a competitive market.
Bloomberg Philanthropies and CARE to support women small business owners in East Africa with Village Savings and Loans Associations
The partnership will enable women who own small agriculture-based businesses to build capital and access credit to invest in and grow their businesses, ensuring long-term economic sustainability for themselves and their families.
The Aga Khan hospitals in East Africa have received €2.3 million grant from Proparco to increase access to healthcare services by boosting oxygen supply and supporting needy patients with quality care.
Former President of the United Republic of Tanzania H.E. Jakaya Mrisho Kikwete has embarked on a week-long field tour of agriculture projects that are supported by AGRA (Alliance for a Green Revolution in Africa) and partners in the country.
Africa is a beautiful continent that’s diverse and rich in culture. It’s a good place to volunteer if you want to gain practical experience, do some good, and learn about different cultures.
[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.
African Development Bank Group joined Tanzanian President Samia Suluhu Hassan to formally launch the construction of the landmark Dodoma City Outer Ring Road project.
NALA, a Tanzanian cross-border payments company that recently pivoted from local to international money transfers, has announced that it has
Emirates resumed its passenger operations between Dubai and five African countries, offering customers more choice, superior value and enhanced connectivity to and through Dubai.
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.
TotalEnergies, partners announce launch of Lake Albert Resources Development Project in Uganda and Tanzania
TotalEnergies and the Lake Albert Development Project partners announced the final investment decision and the launch of the project in Uganda and Tanzania, representing a total investment of approximately $10 billion.
Amdocs announced that it has partnered with Vodacom Group (Vodacom), a leading African connectivity, digital and financial services company, to create an African Center of Excellence (COE).
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.