East African Breweries acquires Tanzanian beer maker Published by Dinfin Mulupi on 29 July 2010 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 Published by Imara Africa Securities team on 14 July 2010 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 Published by Michael Onyiego on 29 June 2010 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 Published by Staff Writer on 18 June 2010 Tanzania last week banned the export of raw tanzanite in order to boost local processing.
Standard Bank Group to provide sharia banking in Tanzania Published by Staff Writer on 17 June 2010 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 Published by Staff Writer on 9 May 2010 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 Published by Dinfin Mulupi on 5 May 2010 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 Published by Staff Writer on 20 April 2010 The Kamal Group, a private firm, has announced it will spend US$300 million to establish an export processing zone in Tanzania.