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AfricaMoney | October 11, 2016

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Opportunity for Mauritius as gateway to Africa as PwC points next 10 biggest cities

August 20, 2014 | According to the Global Economy Watch report, most Western companies already have some presence in at least one of SSA’s ‘Top 3’ populous cities - Nigeria’s Lagos, Democratic Republic of Congo’s Kinshasa and South Africa’s Johannesburg - but it is the ‘Next 10’ biggest cities...
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Trade facilitation plays key role in nation’s competitiveness: Mauritius infra minister

August 5, 2014 | A two-day Business and Trade Facilitation Workshop by the Indian Ocean Rim Association (IORA) started yesterday, August 04, 2014 at the Hennessy Park Hotel, in Ebène, with more than 30 delegates from 20 IORA Member States. (Image: ASPI/ File Photo Nov 2013) Trade facilitation h...
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Mauritius’ Barclays forms part of big loan deal between NBC & Star Oil Tanzania

August 4, 2014 | The loan deal represents an important step towards fostering oil and petroleum industry in Tanzania, and the large scale of the agreement reinforces Mauritius’ standing as a regional financial hub. (Image: MeTL) The National Bank of Commerce (NBC) in Tanzania and Star Oils Tan...
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Pan-African telco Internet Solutions to extend network by three points of presence

July 16, 2014 | Lesotho, Swaziland, and Malawi are the countries that have been provided with the new PoPs as the company wants to boost its capacity to support business in Africa. (Image: Mybroadband) Pan-African telecommunications services provider, Internet Solutions (IS), which is also pres...
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Tanzania and Mauritius to boost economic ties in agribusiness and tourism

July 3, 2014 | According to Abbas Rizvi, Honorary Consul of Mauritius to Tanzania, Mauritius has recorded significant strides in the ICT industry which he hoped could be achieved in Tanzania as well through cooperation between the two countries. (Image: Tanzanian Affairs) The Honorary Consul of...
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Mauritius: Climate change eroding competitiveness of Small Island Developing States

June 24, 2014 | Mauritius Environment Minister Devanand Virahsawmy stressed that climate change is affecting the progress of SIDS on their respective sustainable development pathways (Image:File Photo/IISD) Climate change is causing serious repercussions on the economic competitiveness of Small...
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Africa to grow at 5.2% in 2014; up from 4.7% in 2013

April 8, 2014 | Mauritius, Rwanda, and Tanzania are especially cited as model case studies for globalization of services, which is expected to play a crucial role in the continent’s growth. (Image: Wikipedia) Africa continues its upward growth trajectory with economic growth in Sub-Saharan Af...
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Rwanda emerges as first choice for retail businesses in Sub-Saharan Africa

March 21, 2014 | The report predicted that by 2020, nearly half of all Africans will be living in cities, and, as disposable incomes rise, consumer spending will grow to almost $1 trillion. (Image: ARDI) The 2014 African Retail Development Index (ARDI) launched on Monday by global consulting majo...
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‘Don’t rush into EAC Monetary Union’ warns IMF chief

January 7, 2014 | East African countries signing the Monetary Union Protocol should learn from the experiences of other nations in order to avoid mistakes, noted Christine Lagarde. (Image: IMF) International Monetary Fund (IMF) Managing Director Christine Lagarde advised the Kenya Private Sector...
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World Bank grants $60.2 million to Tanzania for business development

December 30, 2013 |

World Bank has provided $60.2 millionto improve land administration and access to financial services in Tanzania (Image: Atlanta Black Star)

Tanzania will benefit from the support of the World Bank (WB) to build up...
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AfDB’s Kaberuka heads to Tanzania: energy in focus

June 27, 2013 | The President of the African Development Bank (AfDB) Donald Kaberuka will reach Tanzania during the weekend for the visit of Barack Obama, President if the US, says the AfBD in a press release.  The meeting with Obama and African stakeholders will focus on an initiative to foster economic growth an...
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Uranium mine to make Tanzania a top producer

May 5, 2013 |

A licence has been granted by the Tanzania government for a major new uranium mining project in the southern part of the country which is set to boost inward investment. A new uranium mining project in Tanzania could contain at least 36,000 tonnes in deposits and plac...
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Tanzania to launch more than 1,800 water projects

April 26, 2013 |

The Tanzanian government has unveiled a strategy to alleviate the water crisis in the country by introducing a series of 1,810 water projects across the country. The minister for water, Jumanne Maghembe, said the three-year programme from 2013/14 to 2015 has been cod...
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Tanzania receives first uranium mining license

April 18, 2013 |

A Russian backed minerals organisation is behind Tanzania's maiden Uranium mining license, it has been announced this week. Mantra Tanzania, a subsidiary of Australian based Mantra Resources, has been given the country's first license to mine Uranium by the Tanzanian ...
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AfDB supports Tanzania-Kenya road financing

April 18, 2013 |

The African Development Bank has approved two loans totalling USD 232.5 million for the 157.5-kilometre road project from Arusha to Holili in Tanzania, and Taveta to Voi in Kenya, in an effort to reduce the cost of transport and enhance access to agricultural inputs, ...
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China’s trade boost for Tanzania

March 30, 2013 |

China’s new President Xi Jinping signed 16 different trade agreements with Tanzania during a two-day visit to the country where he dubbed Africa as “a continent of hope and promise”.  Tanzania’s President Jakaya Kikwete played host to the Chinese leader durin...
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Tanesco and Symbion ink pact to build Mtwara power plant

February 17, 2013 |

The Tanzania Electric Supply Company (Tanesco) and Symbion Power have inked a MoU to...
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KFC to open outlets In Tanzania, Uganda, Zimbabwe

January 17, 2013 | January 17, 2013- The KFC brand is to expand further across Africa, as it is announced new restaurants will be opened in Tanzania, Uganda and Zimbabwe during the course of 2013. Owners of the brand, Yum! Restaurants International, revealed the expansion plan on Monday which will see the company push...
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Canarail reveals Tanzania-Rwanda railway construction underway

January 16, 2013 |

 16 January, 2013 - The Dar es Salaam- Isaka-Kigali/Keza-Gitega-Musongoti railway project, which is set to cost US$5.2bn and will take four years to complete, is expected to lower Rwanda and Burundi’s transport costs. Read More

Tanzania: Dar registers increased investment

January 7, 2013 | January 7, 2013 - GRANTS, foreign direct investment and external borrowing contributed to a 402 million US dollars (about 643.2bn/-) surplus in the country's balance of payment for the year ended November 2012. The corresponding period in 2011 recorded a deficit of 281.1 million US dollars (about 44...
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Tanzania: Public Embraces Digital Migration

January 2, 2013 | AS Tanzania's business capital officially migrates from analogue to digital technology tonight, the country's coverage of the same has already reached 23 per cent while targeting to reach 100 per cent come 2015. Tanzania Telecommunication Regulatory Authority (TCRA) Director General, Prof John Nkoma...
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Ethiopian and Tanzania Tourist Board Partner to Enhance Tourism Flow

December 26, 2012 | 26th December, 2012 -Ethiopian Airlines and the Tanzania Tourist Board (TTB) have signed a Memorandum of Understanding (MoU) to increase tourist flow to Tanzania via Ethiopian Airlines. The agreement between Ethiopian and TTB is meant to increase and greatly enhance the tourism flow to bo...
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HIV/AIDS effort by Olam and partners reaches out to over 234 000 people across rural Africa

December 14, 2012 | December 14, 2012,  -In a drive to get Africa one step closer to zero new HIV infections, zero AIDS-related deaths and zero discrimination, global agri business Olam, along with NGO partners such as GIZ, EngenderHealth and Action Health Incorporated, has mobilised its supp...
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Mobile Money Agents to Help Tanzania Up Banking

December 11, 2012 | Prof Benno Ndulu Dar es Salaam — Tanzania is expected to embark on utilizing the ubiquitous mobile money agents as conduits for opening and operating basic banking services and avoiding expenses over single dependence on branch network expansion. The progress comes at a time as some of the mobi...
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Tanzania Envisages Influx of Indian Investors

November 30, 2012 | Tanzania is looking forward to an influx of Indian investors under her incentive-rich Export Processing Zone (EPZ) and Special Economic Zone (SEZ) programmes.  Participation of the Export Processing Zones Authority's (EPZA) to the just ended 10-day India International Trade Fair (IITF) has wooed In...
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Vodacom Launches Fifth Branch in Dar es Salaam

November 29, 2012 | Rene Meza, MD of Vodacom Tanzania Vodacom Tanzania embarked on an expansion drive by opening a fifth branch in Dar es Salaam, a move that will take the mobile phone operator closer to its potential customers and enable it serve its subscribers efficiently. The new shop, situated along Haile Selas...
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Massive Electricity Projects On Horizon in Tanzania

November 29, 2012 | Aloyce Massanja, MD Rubada Feasibility studies for two major power projects are almost complete with a Brazilian firm, Stiegler's Gorge, expecting to submit its 2,100 MW project report to the government before the end of this year. The Rufiji River Basin Development Authority (RUBADA) Managing Di...
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Kikwete: Tanzania economy on sound footing

November 26, 2012 | THE Chairman of Chama Cha Mapinduzi (CCM), President Jakaya Kikwete, has said that the country's economy is moving in the right direction and that the future looks much brighter. President Kikwete told delegates at the National Congress here on Sunday that the economy has grown from 6.4 per cent las...
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Tanzania plans first geothermal power plant, renewable

November 22, 2012 | Tanzania is on the verge of drilling its very first geothermal power plant next year as well as expanding its renewable energy in an attempt to curb on power deficit reports Reuters. According to the article, the energy deficit from Tanzania is viewed by the International Monetary Fund “as an obs...
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November 20, 2012 | November, 2012: The International Trade Centre (ITC) has signed a Memorandum of Understanding with United Republic of Tanzania and the World Intellectual Property Organization (WIPO) to develop an intellectual property (IP) and branding strategy for Zanzibar cloves. Read More
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