How China may have created a trap for itself with African lending
Huge Chinese lending to Africa has created a dilemma where China will struggle to recoup its money while maintaining its...
Zanzibar’s export value falls, imports rise to $148.6 million in Q3, 2022
The export value of goods and services in Zanzibar fell to $ 58.2 million during Q3, 2022 as compared to...
Bioeconomy strategy to improve food security within region – EAC Secretary General
The Secretary General of the East African Community (EAC) Dr. Peter Mutuku Mathuki has said that the recently approved regional...
KCB completes acquisition of DRC’s Trust Merchant Bank
KCB Group has completed the acquisition of DRC lender, Trust Merchant Bank (TMB), for a value estimated at more than...
Puma Energy on track to operate 200 solar service stations
Puma Energy has reached 184 solar power generation projects operational across its global network of service stations and is on...
NBC Bank’s Twiga bond oversubscribed by 30 pct
The National Bank of Commerce (NBC) has announced that its a five-year bond christened ‘NBC Twiga Bond’ issued earlier last...
Moody’s upgrades Barrick to A3 with stable outlook
Barrick Gold Corporation yesterday announced that Moody’s Investors Service (“Moody’s”) has upgraded the senior unsecured ratings of Barrick and all...
Visa pledges to invest $1bn in Africa as it eyes digital payments boom
Visa plans to invest $1bn in Africa over the next five years to capitalise on the emerging economy’s rapid growth...
Tanzania nickel producer Lifezone Metals to list in New York
Lifezone Metals, which plans to mine nickel in Tanzania with a low carbon footprint, will list in New York in...
Tanzanian shillings remained steady against dollar in Q3, 2022 – BoT
The Tanzanian shilling remained fairly stable against the US dollar during Q3, 2022 trading at an average of 2,316.7/- per...