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.
Tanzania’s digital lifestyle company Tigo, has heightened the availability of ultra-fast digital experience for data customers in the country with the launch of 4G+ network.
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.
The new Arusha offices are in addition to its offices in Zanzibar and Dar Es Salaam as the company seeks to support its growth strategy particularly in the hospitality and retail segment.
Mr. Joe Watson Gakuo is the Chief Executive Officer of Oleum Holdings Limited, and the founder of Upstream Awards.
The leading mobile network operator, Vodacom Tanzania has signed a partnership deal with Google to give customers the option to pay for content on the Google Play Store using Vodacom Airtime balance.
Mastercard has partnered with Vodacom and BancABC to introduce the first online card in Tanzania – the M-Pesa virtual card.
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.
Visa has today announced a strategic partnership with Maxcom Africa PLC to enable more than 30,000 retailers in Tanzania to accept Visa on mobile payments.
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.
South Korea's largest telecommunications company, completed a new digital system for national identification in Tanzania, marking major progress for the company in Africa as KT continues to tap into new business opportunities throughout the continent.
Mastercard has partnered with Selcom to enable local businesses and merchants to accept interoperable digital payments, many for the first time.
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.
Vodacom, Tanzania’s leading mobile network operator has welcomed the Tanzania Communications Regulatory Authority’s announcement of the 700 MHz spectrum auction, which was carried out on 08 June 2018.
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.
Techno Brain has partnered with Microsoft Corporation to launch a Digital Agriculture Platform in Africa to help farmers improve crop yields and increase income.
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.
In a significant milestone for mobile technology and healthcare access, the first baby “born on the blockchain” is due to be delivered in Tanzania.
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.
Mastercard and Tigo have announced that Tanzanian’s can now use their Tigo Pesa app to make quick, easy and secure payments with Masterpass QR.
Tanzanian operator Smile Communications has introduced its high-speed 4G internet services in Arusha
Avanti Communications bridges digital divide for 18,000 teachers and 216,000 students in Tanzania with iKnowledge project
Avanti Communications Group plc, a provider of satellite data communications services in Europe, the Middle East and Africa has been feted for its role in deepening ICT and digital skills for teachers and students in Tanzania.
The Africa Panel session at ITW challenged African policymakers to proffer incentives to encourage the deployment of broadband infrastructure of scale to support the rollout of much-needed infrastructure to rural areas.
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.
Siemens hands over industrial automation equipment to 13 engineering faculties across Africa to boost digitization skills
The Fourth Industrial Revolution is having a disruptive effect on economies and the development of digital skills is vital.
With a Gini coefficient of 0.43, overall inequality in Africa remains high relative to other regions. However, Tanzania is one of the few countries in Africa where inequality has declined by nearly 8 percent
Humaniq, a next-generation financial service with its own cryptocurrency has announced a new live chart support in its Mobile App.
Telecommunication company Tigo Tanzania has entered into a strategic partnership with technology company Uber that allows Tigo customers to use Uber app for free.
Africa overtakes Japan and Australia as the most preferred destination by Chinese travelers, TravelZoo Survey
Travelzoo® , a global publisher of exclusive offers and experiences for members, is forecasting the largest popularity growth of Africa in 2018 among avid Chinese travelers.
The Board of the African Development Bank Group has approved a loan of US $30 million to support the establishment of Rwanda Innovation Fund (RIF).
The Eastern Africa Grain Council, has launched the nine product standards for staple foods and two standards for sampling and test methods.
The African Development Bank has expanded its flagship publication, the African Economic Outlook, with five regional reports.
Mastercard’s partnership with Selcom, an East African fintech, will enable the global technology leader to expand its mobile payments solution.
Tanzania based clean energy company Rafiki Power and Mobisol GmbH have partnered to pilot a new approach labelled the Hybrid Grid for off-grid clients in rural Tanzania.
With over 40 million mobile users in Tanzania, there is a real opportunity to use technology to financially connect those not yet included.
[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.
The Appellate Division dismissed an Appeal filed by Castro Pius from Tanzania, whose application was seeking for an injunction to stop the Partner States which had not signed the European Partnership Agreement not to sign the same.
HID Global®, a company involved in identity solutions has been selected by the government of Tanzania as its prime supplier for an end-to-end solution for issuing electronic passports as part of Tanzania’s transformative e-Immigration programme.
Officials from the Government of the Republic of Uganda and the Government of the United Republic of Tanzania have opened talks aimed at reaffirming the borders of Uganda and Tanzania.
Tanzania private energy company Ruaha Energy has entered into a Standard Power Purchase Agreement with Tanzania Electric Supply Company Limited, TANESCO.
Beginning April, Hapag-Lloyd will offer a new weekly service between the Saudi Arabian port of Jeddah and the east coast of Africa.
Armadale, the AIM quoted investment company focused on natural resource projects in Africa has announced that the exploration and development programme at the Mahenge Liandu Graphite Project in Tanzania is now well underway for 2018.
Helium One, a mineral exploration company partnering with University of Dar es Salaam and Oxford University, has organized a one-day workshop to build local capacity on the origin, exploration and development of helium in Tanzania.
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.
[Tanzania] Orca Exploration announces closing of the first tranche of the Swala Oil and Gas investment
Natural gas exploration company Orca Exploration Group says the escrow release conditions have been met regarding the first tranche of the previously announced investment of up to $130 million by Swala Oil & Gas Tanzania in the Orca Group.
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.
Husk Power Systems, a rural distributed utility company operating mini-grids in Asia and Africa, has announced a $20 million equity investment by Shell Technology Ventures LLC.
The Executive Board of the International Monetary Fund has completed the seventh and last review of Tanzania’s economic performance under a program supported by the Policy Support Instrument (PSI).
Jubilee Holdings Limited has appointed Dr. Julius Kipng’etich as its Regional Chief Executive Officer.
Orca Exploration Group Inc. has executed and delivered into escrow definitive agreements providing for an up to $130 million investment by Swala Oil & Gas Tanzania plc in the Orca Group.
Zipline’s autonomous fixed-wing drones now form an integral part of Rwanda’s medical-supply infrastructure, transporting blood products from a central distribution center to hospitals across the country.
Clinigen Group has extended its exclusive agreement with Eisai Europe to obtain the marketing authorisation and subsequently launch Halaven (eribulin), Fycompa (perampanel) and Lenvima (lenvatinib) into 10 African countries.
Bluedrop Learning Networks, a division of Bluedrop Performance Learning has secured a contract with Solar Sister to scale and build the capacity of their Associates in Nigeria and Tanzania.
Phase one of the mixed use Blue Amber resort in Zanzibar was launched on November 30 2017. The aim of Pennyroyal, the long term investor, developer and manager of the luxury tropical development, is to create a resort that blends contemporary living with world class hospitality facilities.
Dubai-based flydubai’s inaugural flight has touched down at Kilimanjaro International Airport, increasing capacity to Tanzania and further expanding its network in Africa to twelve destinations.
The Pay As You Earn tax year-end is looming in most East African territories, and governments are clamping down on non-compliance among businesses and individual taxpayers as they strive to raise more funding for public spending.
Trade Mark East Africa receives $6million from Norway to grow jobs, facilitate trade and reduce poverty in Tanzania
Norway has granted 50 million Norwegian Kroners, $6million, to TradeMark East Africa (TMEA) to support its work in enhancing trade across the East African Community to increase prosperity in the region.
International tax and legal company Andersen Global has partnered with East African Law Chambers, a legal and tax firm in Tanzania.
Smile Communications and MediaTek have teamed up to bring the latest VoLTE smartphones to customers in Nigeria, Uganda, Tanzania and the Democratic Republic of Congo (DRC).
John Pombe Magufuli, President of Tanzania and Yoweri Kaguta Museveni President of Uganda and Amb. Liberat Mfumukeko, East African Community Secretary General have launched Mutukula One Stop Border Post (OSBP) located on the Uganda- Tanzania border.
East African Community receives $1.2 million from AfDB to finance multinational road between Uganda and Tanzania
The African Development Bank East Africa Regional Resource Centre (EARC), and the East African Community (EAC) have signed a financing agreement of $1.2 million to finance the Project Preparation Phase of three key Multinational Road Sections between Masaka in Uganda to Kumunazi in Tanzania.
Building on the success of the initial phase of their partnership, Emirates and flydubai have announced 16 additional destinations to which Emirates’ passengers will be able travel on a single ticket.
During an official visit to Tanzania, Commissioner for International Cooperation and Development Neven Mimica signed a €50 million programme to support rural electrification in the country.
Zanzibar saw a modest reduction of 4.5 percent in its basic needs poverty rate, and a one percent decrease in extreme poverty between 2010 and 2015.
REDAVIA a global leader in solar energy has invested in the largest minigrid in Tanzania connecting more rural people to the national grid.
Africa’s first Ethiopian B787-9 has landed at Abeid Amani Karume International Airport in Zanzibar.
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.
Marriott International, Inc. has announced the opening of Four Points by Sheraton Arusha, The Arusha Hotel, marking the debut of the brand into Tanzania.
According to the 2014–2016 Tanzania National Financial Inclusion Framework the level of formal financial access in the rural areas of Tanzania is 8.5% compared to 23% in the urban areas.
Exim Bank Tanzania has proved its commitment to strengthening financial inclusion in Tanzania by launching a new branch in the Dodoma region of Tanzania.
GroFin and USAID East Africa Trade and Investment Hub partner to increase access to finance for East African agribusiness SMEs
GroFin, a development financier which specialises in providing finance and support to small and growing businesses, has received a grant from USAID East Africa Trade and Investment Hub.
Statesduka.com is the first budget online shopping and shipping website serving Kenya, Tanzania, Uganda, Rwanda, Burundi and South Sudan.
With more than 70 percent of Tanzania’s population lacking access to electricity, mini-grids – electrical generation and distribution systems of less than 10 megawatts (MW) – have enormous potential to electrify rural communities.