Archive for the ‘Tanzania’ category
Will East Africa adopt a single currency?
East African Community states will today start discussions on the establishment of a monetary union and the adoption of a single currency throughout the region.
Norwegian fertiliser firm betting on growth in Tanzania’s agriculture sector
Norwegian-based global fertiliser company Yara International has announced a US$20 million investment into a new fertiliser terminal at the port in Dar es Salaam, Tanzania.
Tanzania: Mining company infiltrated by crime syndicate
African Barrick Gold today said that it has uncovered organised and systematic onsite fuel theft at its Buzwagi mine in Tanzania.
US companies to become more active in Africa, says Symbion CEO
Paul Hinks, CEO of US energy firm Symbion Power LLC, has said that in recent history, American construction companies have been noticeable by their absence in Africa.
Making financial services work in rural Tanzania
Mbinga Community Bank is a small microfinance bank in a remote part of Tanzania, but Mbinga District’s geography is only one of the bank’s operating challenges.
East African Breweries acquires Tanzanian beer maker
East African Breweries Limited (EABL) has acquired a majority stake in Serengeti Breweries Limited (SBL) of Tanzania.
Property and cement set to remain good investments in East Africa
A report by HassConsult states that Kenyan housing prices have largely remained stable even as the global economy struggled and the country experienced political turmoil at home.
East Africa to begin economic integration this week
Members of East African Community will formally begin Thursday the process of integration. Despite some reservations from smaller countries, analysts believe the union will greatly benefit the region.
Tanzania bans export of raw tanzanite
Tanzania last week banned the export of raw tanzanite in order to boost local processing.
Standard Bank Group to provide sharia banking in Tanzania
Stanbic Bank, a member of the Standard Bank Group (SBG), has launched sharia banking products in Tanzania.
Absa plans IPO for Tanzania’s National Bank of Commerce
South African banking group, Absa, plans to hold an initial public offering for Tanzania’s National Bank of Commerce, in which it has a 55.5% stake, and list it on the Dar es Salaam Stock Exchange.
Gulf African Bank to expand to Tanzania and Uganda
Gulf African Bank (GAB) has announced it is planning to enter Tanzania and Uganda by the end of the year. The plans follow the Islamic bank’s successful launch and growth in the Kenyan market.
Tanzania export processing zone attracting interest from foreign investors
The Kamal Group, a private firm, has announced it will spend US$300 million to establish an export processing zone in Tanzania.
