Huawei is building secret network for chips, trade group warns
Huawei Technologies Co is building a collection of secret semiconductor-fabrication facilities across China to let the company skirt U.S. sanctions,...
Tanzania’s forex reserves hit $5.28 billion at the end of June
Tanzania’s foreign exchange reserves increased to $5.28 billion at the end of June 2023, compared with $5.11 billion recorded during...
Dar embarks on plans to revamp stalled tea industry
Tea production in Tanzania has slowed down due to weather changes that has affected most tea growing regions resulting into...
Dar equities market up 18.4 pct on block trades
Tanzania’s equities market continued its bullish trend with the bourse demonstrating favorable performance during the trading session last week as...
Noble Helium raises $12 million for second North Rukwa well
Noble Helium Limited has received firm commitments from institutional, sophisticated, and accredited investors to raise $12.0 million (before costs) through...
Intra – EAC trade hit $74.1 billion in 2022 on strong collaboration with partner states
Intra - East African Community (EAC) trade increased by 13.4 percent to $74.1 billion in 2022 from $65.3billion in 2021,...
NMB Bank, Air Tanzania announce first-of-its-kind initiative to enhance air travel payments
In a first-of-its-kind initiative, NMB Bank and Air Tanzania Company Limited (ATCL) yesterday announced a new partnership that does not...
Tanzania’s export value hits $12.76 billion in June driven by non-traditional exports
The exports of goods and services in Tanzania scaled to $12.76 billion in June 2023 as compared to $11.004 billion...
Johann Rupert ‘no longer’ Africa’s richest man as net worth slumps by $200 million
In a significant shift of fortunes, South African billionaire Johann Rupert has lost his position as Africa’s richest man to...
Exim Bank celebrates 26 years of being more than a bank
Exim Bank Tanzania yesterday celebrated 26 years of being more than a bank and re-affirmed its commitment to continue supporting...