In Malambo village, Ngorongoro district, the lush forests and livestock that once flourished and the rivers that flowed year-long are now a distant memory.
Diamond Trust Bank (DTB), has joined African payment services provider DPO Group, and Mastercard, the global payments technology company, in the rollout of a business to business (B2B) virtual payment card in Kenya and Tanzania.
Pan-African telecoms group Liquid Telecom has appointed Hussein Kitambi as the new Chief Executive Officer (CEO) of Raha Liquid Telecom Tanzania.
“The urban opportunities far outweigh the challenges,” said Prof. Davis G. Mwamfupe, the Mayor of Dodoma, Tanzania, during his message to the Cities Leadership workshop, launching the City Diagnostics for five pilot cities in Africa.
Tourism sector vital in East African Community, EALA calls for embrace of single tourism visa, report
A report of the Assembly on the Oversight activity on the Performance of the Tourism Sector in the region, wants the East African Community (EAC), to fastrack the conclusion of the EAC Protocol on Tourism and Wildlife Management.
Siemens is committed to supporting and developing young, African innovators; Siemens extends its Eskom Expo partnership to schools in Ghana, Kenya, Uganda, Tanzania and Ethiopia.
The African Development Bank and the African Fertilizer and Agribusiness Partnership have signed two grant agreements to implement trade credit guarantees worth $5.4 million to support fertilizer value chains in Nigeria and Tanzania.
Corteva Agriscience leads fight against fall armyworm with insect control solutions for African maize farmers
Corteva Agriscience has been introducing insect control solutions to Africa’s maize farmers to in maize in Botswana, Kenya, Namibia, Tanzania, South Africa, Zambia, and Zimbabwe.
ENGIE has expanded its decentralized energy offering in Africa through the acquisition of Mobisol, a pioneer of off-grid solar solutions.
GE and Songas have announced they have successfully completed upgrades to the entire GE fleet of three LM6000PA and one LM6000PC gas turbines at the Songas Ubungo Power Plant in Dar es Salaam, Tanzania.
The technology group Voith is strengthening its hydropower service portfolio for Southern Africa.
Tanzania has signed a deal with Chinese groups China Civil Engineering Construction Corporation and China Railway 15th Bureau Group for the construction of a 3.2 kilometre bridge over parts of Lake Victoria.
Air Tanzania has received landing slots for the launch of flights to London's Gatwick Airport.
For Tanzania to generate future income and achieve sustainable development, it is essential for the country to invest in its citizens, both children and adults, according to the new World Bank economic analysis for the country.
From intercropping, mulching to relying on indigenous knowledge, smallholder farmers in East Africa are developing resilient techniques to insulate themselves from changing weather patterns at a time when studies show they will be among the most affected in years to come.
Tanzania needs to undertake important and urgent investments to accelerate progress in the health and education of its citizens, especially the youth, if the country is to improve its human capital for sustainable development.
AgDevCo has announced a multi-million Euro investment in Africado, a successful avocado company based in the Kilimanjaro region of Tanzania.
Precision Air is partnering with GSA representative TAL Aviation, to expande the airline's presence in Brazil and Mexico.
Wave of Mergers & Acquisitions strengthens banks’ credit profiles across sub-Saharan Africa, Moody's
The wave of mergers and acquisitions among banks in sub-Saharan Africa is credit positive for bank creditors and is set to continue, Moody's Investors Service said in a report published today.
TradeMark East Africa, Tanzania private sector ink $1.2 million deal to boost country’s competitiveness
TradeMark East Africa (TMEA) and Tanzania Private Sector Foundation (TPSF) have signed a grant agreement to support Public Private Dialogue (PPD) in Tanzania.
Anjarwalla & Khanna (A&K) Tanzania has taken over the practice of ATZ Law Chambers with new core leadership team.
The Food and Agriculture Organization of the United Nations (FAO) has developed a four-year strategy in Tanzania with the objective of enhancing the resilience of agriculture-based livelihoods and local food systems.
Marriott International, Inc. has announced the opening of its second Four Points by Sheraton hotel in Tanzania, Four Points by Sheraton Dar es Salaam, New Africa Hotel.
The Inter-University Council for East Africa has completed the process of selection of Incubation Centers to be hosted at four of the Africa Centers of Excellence.
[Tanzania] UNIDO partners with TIB Development Bank to bring clean cooking solutions to half a million households in Dar es Salaam
The United Nations Industrial Development Organization facilitated an agreement between the TIB Development Bank to roll-out 110,000 bioethanol cook stoves in Dar es Salaam.
Accelerated natural resource degradation puts Tanzania’s development goals at risk, World Bank report
Natural resources form a core pillar of Tanzania’s economy and play a pivotal role in sustaining the livelihoods of its citizens.
Sub-Saharan Africa construction activity is forecast to grow across the region, despite a number of significant risk factors that threaten to limit economic growth in the region accordin to Mace’s latest Market report.
Clinton Foundation, CIMMYT partner to improve access to climate-resilient maize seed in Eastern and Southern Africa
The Clinton Foundation and the International Maize and Wheat Improvement Centre (CIMMYT) are launching a partnership to improve access to and availability of climate-resilient maize varieties in Eastern and Southern Africa.
TIB Development Bank, and SNV have signed a Memorandum of Understanding with an aim of developing a market for solar products using Results-Based Financing (RBF) in Tanzania's rural lake and central zones.
IFC, a member of the World Bank Group, has launched the Finance2Equal Tanzania Initiative aimed at increasing women’s participation across businesses by reducing gender gaps.
Women entrepreneurs working in agricultural processing in the Kigoma Region have seen a boost to their income and social position thanks to a programme led by Energy 4 Impact.
Economic growth in East Africa is soaring ahead of other regions on the continent at close to 7 percent while the overall outlook for the rest of Africa is cautious, but positive.
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.
[Kenya] Banking industry enhances payments efficiency with automated direct debits and foreign currency clearing
The banking industry through the Kenya Bankers Association has completed three key projects to increase efficiency of the Automated Clearing House.
Inhabitants of Kenya,Tanzania, Uganda and Ethiopia will enjoy uninterrupted supply of electricity with the upcoming commissioning of a power transmission line to interconnect Kenya and Ethiopia, powered by the AfDB.
Advisory and fund management group, MafAfrique, has committed to raising and investing up to $7 Million in Tankaz minerals, Tanzania.
AngloGold Ashanti achieved guidance for the sixth consecutive year, with improved margins driving significant growth in free cash flow generation.
Armadale has signed an MOU for a proposed offtake agreement with the Matrass Group for high quality graphite products produced at the Company’s Mahenge Liandu Graphite Project in Tanzania.
Tanzania leading airline Precision Air, has announced that it will commence its flights from Dar es Salaam to the capital city Dodoma effective from 1st April 2019.
East African Community leaders have lauded the regional body for the role it has played towards improving the economies of member countries.
Tanzania, South Africa and Kenya benefit most from investments in local seed business activities, Index shows
Global seed companies are adapting their products to combat the impact of climate change and address nutrition needs.
An intergovernmental ministerial committee meeting between the governments of Uganda and Tanzania agreed to sign the Host Government Agreement for the East Africa crude oil pipeline by the end of June.
The number of mobile money subscribers rose by 4.7 per cent during the third quarter of last year as telecommunication operators intensified their competition amid changing market sentiments.
Scenes of traders, travelers, fishermen and women crossing the Zambezi river on floating planks, ferries, rickshaw boats, and canoes will soon come to an end.
Oil and gas company Wentworth has announced that it intends to relinquish the onshore Tembo block in Rovuma Basin.
ZOLA Electric, FMO and Symbiotics have announced a $32.5 million facility to finance the growth of ZOLA’s Tanzania operations over the next 5 years.
Pratt & Whitney, a division of United Technologies Corp. and Air Tanzania have welcomed the delivery of the airline's first A220 aircraft.
This year, reports and news articles have been awash with stories of a dysfunctional EAC bloc stagnated and in near-crumbling state.
Ireland has launched a new $1.14 million partnership with TradeMark East Africa (TMEA) to facilitate increased trade for Tanzania.
GreenTec has announced its investment in Afrilife, a Tanzania-based producer of organic honey and bee products.
Burundi, Kenya, Rwanda, the United Republic of Tanzania, and Uganda have agreed to make trade between them and with other countries cheaper, faster and simpler.
Elanco Animal Health and Farm Radio International have partnered to produce a 13-week series of radio programs to educate small-scale livestock farmers in North Tanzania.
The Government of Norway has announced its contribution to the Farm to Market Alliance, a global private-sector led initiative with the aim to make markets work better for smallholder farmers.
The Boards of Directors of the African Development Bank Group have approved S$322.35 million loans and grant to Burundi and Tanzania.
With an average growth rate of 6.7% between 2013 and 2017 - double the African average - East Africa is one of the fastest growing regions in the world, accompanied by rapid social improvements
The East Africa cement market reached a volume of 14.4 Million tonnes in 2017.
Irfan Mirza is an IT consultant, project manager and strategist who co-founded Trend Solar, a power solution for rural communities in Africa.
A new project aiming to reduce carbon emissions in Africa, The Urban Pathways project, has been launched by UN-Habitat in partnership with UN Environment and the Wuppertal Institute.
Australian mining company Volt Resources (ASX:VRC) has formally received mining licenses ML 591/2018 and ML 592/2018 from the Mining Commission of the Ministry of Minerals of Tanzania.
Elanco Animal Health Incorporated is progressing a groundbreaking project to provide sustainable development solutions to address food insecurity in East African countries – Tanzania, Kenya and Uganda.
East Africa Business Council, EABC, has appointed Hon. Peter Mathuki as the acting Executive Director following the resignation of Ms. Lilian Awinja.
East Africa Legislative Assembly is adding its voice to the debate on greening the environment.
The Dar es Salaam Corridor Group (DCG) and the Tanzania-Zambia Railway Authority (TAZARA) have entered into a partnership agreement for the development of a Dry Port at the terminal end of TAZARA in New Kapiri Mposhi, Zambia.
Marsh has provided a $95 million innovative bank surety solution to Yapı Merkezi Construction and Industry Inc., to support the construction of a new high-speed electric railway line in Tanzania.
Global alternative asset manager The Carlyle Group has completed the acquisition of a majority stake in AK Life Sciences, Abacus, a pharmaceutical company in East Africa.
Mr. Joe Watson Gakuo is the Chief Executive Officer of Oleum Holdings Limited, and the founder of Upstream Awards.
The Stock Exchange of Mauritius has approved the listing of Swala Oil & Gas from Tanzania which will now see the listing of the company’s $50 million corporate bonds.
Graphite exploration company Volt Resources Ltd has signed a second binding offtake agreement for graphite from the company’s pre-production Bunyu project in Tanzania.
Multinational German-based transportation company Hapag-Lloyd has continued to focus on the growing market in East Africa.
Oil and gas executives and business leaders drawn from the oil and gas value chain will be gathering in Dar es Salaam, Tanzania, on Friday, 17th August 2018, for the launch of the Upstream Oil & Gas Awards.
UAE Exchange, a global money transfer, foreign exchange and payment solutions brand, has announced the rebranding of its Africa operations as “Unimoni”.
Tanzania’s ongoing macroeconomic reform program has received a boost from the African Development Bank through a $40 million budget support loan to be provided by the African Development Fund, the concessional arm of the Bank Group.
Tanzania Minerals Corp. has announced the closing of a private placement offering of $629,993.88 of gross proceeds based on the issuance of 6,999,932 units at a price of $0.09 per unit.
Africa’s hotel sector has the potential for further growth over the next five years. An increase in the number of travelers, and an expansion in a number of hotel chains reinforces the hotel sector’s untapped potential for business growth.
Tanzania’s Ministry of Industry, Trade and Investment (MITI) has announced the upgrading of the services provided by its Industrial Research and Development Organization.
ICS Financial Systems has announced that Guaranty Trust Bank Tanzania, subsidiary of Guaranty Trust Bank, has successfully gone live on ICS BANKS Universal Banking Solution.
Mastercard and Selcom have expanded their collaboration by signing a seven year strategic partnership agreement to introduce a variety of payment solutions in the country, thus supporting Tanzania’s goal of becoming a cashless economy.
Amani Institute is launching the Amani Leadership and Management for Impact program (ALMI) in Uganda.
Ongoing improvement in East Africa’s economic prospects is forecast by Ecobank’s research team in the newly published East Africa section of its flagship financial website, AfricaFICC.
More than sixty women and women’s groups involved in agricultural processing in the most impoverished areas of Tanzania will receive commercial and technology training to boost their productivity and profitability.
A consortium led by SNV Netherlands Development Organisation is set to roll out a five year Climate Smart Agriculture programme in Kenya, Tanzania and Uganda following a €39.5 million,grant from The Netherlands Ministry of Foreign Affairs.
Tanzania’s government has signed into law the Public Service Social Security Act, 2018, hereinafter referred to as the PSSS Act, which joins all pension funds into two major entities.
IFC, a member of the World Bank Group, has announced a $60 million investment in a regional risk-sharing facility to support Bank of Africa Group’s lending to small and medium enterprises in eight African countries.
Africa boasts huge potential for social and economic development, with agribusiness poised to play a major role.
Accra, Addis Ababa, Dar es Salaam, Johannesburg, Lagos, other African cities commit to delivering their share of the Paris Agreement
Accra, Addis Ababa, Cape Town, Dakar, Dar es Salaam, Durban, Johannesburg, Lagos, & Tshwane today revealed their commitment to bold climate action and pledged to deliver on their share of the Paris Agreement.
Electricity access rate in Kenya is the highest in East Africa according to the latest report from the World Bank tracking global achievements in sustainable energy for all.
The African Development Bank is expanding access to reliable and affordable electricity with funding support for the construction of the Zuzu substation in Dodoma, connecting 121 villages to the power supply in the capital city.
Tanzanian businessman Ali Mufuruki is seeking to take over control of Wananchi Group Holdings by acquiring a 50 percent shareholding.
Eastern Africa continues to grow rapidly. As a result, the region’s average per capita income reached $740 in 2016, double the figure ten years earlier.
Etihad Airways offers free stopovers to all Economy Class guests from the Middle East, Africa, Pakistan
Etihad Airways is offering one night’s free accommodation in Abu Dhabi to all guests travelling in Economy Class from destinations* in the Middle East, Africa and Pakistan, and stopping over in the nation’s capital.
USAID, Technoserve and Partners in Food Solutions in new alliance to point African farmers to profitable markets
The United States Agency for International Development and the nonprofit organizations Partners in Food Solutions and TechnoServe have announced the launch of the Alliance for Inclusive and Nutritious Food Processing.
Africa Business Communities will be developing a Tech Platform on its website and is therefore looking for a freelance journalist/webmaster
The project, Breeding Better Bananas, seeks to deliver to farmers much-needed improved high-yielding and disease-resistant hybrid banana varieties that are expected to have 30% higher yield compared to the current varieties grown by farmers under the same conditions.
The President of Tanzania, John Pombe Magufuli, and the President of the African Development Bank, Akinwumi Adesina, commissioned the Dodoma-Babati road project on Friday.
Swiss-Belhotel International signed has signed a management agreement with Zanzibar Crown Hotel and Resort Limited to operate the beautiful Swiss-Belresort Zanzibar expected to open for business in 2019.
Association of German Chambers of Commerce and Industry opens Tanzania office to foster business relations
To promote and facilitate business relations between Germany and Tanzania, the Association of German Chambers of Commerce and Industry (DIHK) has opened an office in Dar es Salaam under the name of “AHK Services Eastern Africa Ltd.”
Tigo Tanzania’s mobile financial services business, Tigo Pesa, has received the GSMA Mobile Money Certification, recognizing Tigo’s ability to deliver safe, transparent, reliable and more resilient services that promote consumer rights and prevent malicious transactions.
“Acacia continued to demonstrate resilient operating performance and delivered solid production of 120,981 ounces of gold in the first quarter across the Group, which sets us in good stead to deliver against our full year guidance of 435,000-475,000 ounces.”
The regulation activities of food, drug, cosmetics and medical devices in Zanzibar will now be done online.So, will be the issuance of import and export permits for the said goods.
Despite daunting challenges, several economies in Sub-Saharan Africa are making progress in enacting laws that promote equality between men and women, says the World Bank Group’s Women, Business and the Law 2018 report.