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.
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[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.
Cane is supplied from the company’s fields and the rest through an outgrower scheme with the neighbouring farmers
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.
Kikombo Avocado Farm is a Tanzania-based company that deals with farming and selling of avocado and seedlings targeting both local and export markets, research and farmer trainings, consultation and management of avocado farming project.
In the first 60 days, the partnership will aim to connect the airport, ports and properties owned by the National Housing Corporation of Zanzibar within the main island of Unguja, as part of World Mobile’s plan to provide connectivity to all of Zanzibar’s population by the end of 2023.
Proparco is collaborating with South Africa's third largest bank by assets, Absa Bank Limited, by granting it a senior loan of $20 million to contribute to its support plan for Corporate SMEs in the context of the continuing Covid-19 crisis.
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.
Agricultural investment and advisory partner, Grosso Foods B.V., has transitioned into Grosso. Africa, a Tanzania based distributor with a hands-on focus on distribution of conservation agriculture equipment and smart farming solutions.
Xcelerate, Inc. has signed a Membership Interest Purchase Agreement to acquire a 51% interest in AfiyaSasa Africa, LLC, ASA, a start-up medical technology and virtual health company.
The year 2021 was more presentable to the aviation industry compared to the preceding one - thus reviving hopes for a speedier recovery.
Turkish construction giant, Yapi Merkezi, has signed a $1.9billion contract with Tanzania to build the 368 km third phase of a planned railway.
The World Bank has approved $150 million in financing to strengthen Tanzania’s land administration system and increase tenure security for at least two million land holders, users and their families.
As the internet increasingly redefines human relations and penetration takes shape across Africa, the East African region is tapping into the numerous benefits that comes with connectivity.
Norway commits $5m to increase incomes, build resilience of small aquaculture farmers in Kenya, Mozambique and Tanzania
The Norwegian Agency of Development Cooperation (NORAD) has committed $5 million to increase the incomes and build the resilience of small aquaculture farmers in Kenya, Mozambique and Tanzania.
World Mobile partners with Zanzibar’s Ministry of Education and Vocational Training to boost connectivity
Roll out will be achieved through a close collaboration between World Mobile and the Ministry of Education and Vocational Training to install solar, telco and power equipment efficiently in schools.
[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.
The African Development Bank announced the appointment of Patricia N. Laverley as Country Manager, designated for the Tanzania Country Office.
KCB Group announced it has ended its acquisition bid for African Banking Corporation Tanzania Limited (BancABC), following failure to receive certain regulatory approvals within the prescribed timeframe specified in the Agreement.
The program invites applications from tech entrepreneurs for the 2022 cohort of exceptional startups to join Adanian Labs in Kenya, Tanzania, Zambia, Nigeria and South Africa.
Africa-focused oil and gas company Aminex announced that the first phase of the 3D seismic project has commenced on the Ruvuma PSA in Tanzania.
[Column] Vianey Rweyendela: Unlocking Tanzania farmers' potential to mitigate against climate change
Tanzania’s people are its greatest asset, followed by its natural resources, which need conservation and protection from climate change hazards.
[Tanzania] Tech Mahindra partners with TANESCO to drive digital transformation and improve efficiency
Tech Mahindra, a provider of digital transformation, consulting and business re-engineering services & solutions, has partnered with Tanzania Electric Supply Company Ltd. (TANESCO) for one of the biggest Utility Transformation deals.
UNICEF and Liquid Intelligent Technologies launch partnership to help Giga bridge the digital divide in Africa
UNICEF and Liquid Intelligent Technologies, a business of Cassava Technologies, a pan-African technology group, announced a partnership in support of Giga’s work to connect every school to the Internet and every young person to information, opportunity, and choice.