Why primary Government securities auctions were undersubscribed in Q3, 2023
The primary government securities auctions conducted during the quarter ending September 2023, were generally undersubscribed, save for2- and 25-year bonds’ ...
Tag: #LatestBusinessNews
EA’s family businesses face challenges, PwC study shows
East African family-run businesses have not prioritised research and innovation in a move to help them recover from the post-Covid-19 ...
Tanzania, Comoros and Uganda gear up for effective implementation of AfCFTA agreement
A series of trainings were organized by the Economic Commission for Africa (ECA) in collaboration with the Governments of Tanzania, ...
Tanzania’s fintech NALA wants to make Rwanda a settlement hub for East Africa
NALA Money, the Tanzanian business and consumer cross-border payments fintech backed by Bessemer Ventures and Accel, says it plans to ...
Equity Bank Group Q3 profit up 5% despite slower growth in Kenya
Equity Bank Group has recorded a five per cent growth in net earnings for nine months of the year to ...
NMB Bank disburses 1.8trn/- in loans to 168,600 women SMEs in 10 months
NMB Bank has dished out over 1.8trn/- to 168,600 women Small and Medium Enterprises (SMEs) during the first 10 months ...
Tanzania’s Interbank FX market faced increased demand pressures in September
The interbank foreign exchange market (IFEM) in Tanzania continued to face increased demand pressures driven by a shortage of foreign ...
Tanzanian fintech NALA enters Rwanda market, promises cheap payment services
Tanzanian fintech NALA has entered the Rwanda market promising low-cost, trustworthy, and swift money transfer and payment services in Rwanda, ...
Zanzibar’s current account deficit surges to $417.1 million in September 2023
Zanzibar’s current account registered a deficit of $417.1 million during September 2023 from $344.8 million recorded during the corresponding period ...
China leads pack of Tanzania’s FDI inflows in Q1, 2023
China emerged the top source of Foreign Direct Investment (FDI) for Tanzania during Q1, 2023 after registering projects worth $614 ...