Tanzania’s forex reserves down to $4.9 billion, sufficient to cover 4.4 months of imports
Tanzania’s foreign exchange reserves closed at $4.9 billion at the end of April 2023, down from $5.5 billion at the ...
Tag: #LatestBusinessNews
KCB first quarter profit drops to $69m on DRC unit costs
KCB Group net profit for the first three months of the year has dropped by 2.9 percent to Ksh9.5 billion ...
Tanzania’s inflation to remain low till the end of year on improved food supply
Tanzania’s inflation will remain low during the remainder of this year based on expected further decline in food and energy ...
Yetu Microfinance Bank assets and liabilities transferred to NMB Bank as regulatory challenges persist
The Bank of Tanzania (BoT) as per its mandate as provided under Section 59 (4) of the Banking and Financial ...
Dar seeks to woo more investors during upcoming mining investment forum
The Minister of Minerals Dr. Doto Biteko has wooed Investors globally looking for opportunities in the green energy and transition ...
Tanga Cement share price defies odds, jumps by 28.3 pct as acquisition looms
The Tanga Cement Company Limited (TCCL) stock continued its bullish run appreciating by 28.3% to close at 1,900/- per share ...
Dar embarks on ambitious plan to increase diaspora remittances
Tanzania has embarked on an ambitious plan that seeks to increase the contribution of Tanzanians in the diaspora in the ...
Zanzibar President offers investment opportunities to Qatari investors
The President of Zanzibar Dr. Hussein Ali Mwinyi called on Qatari investors to benefit from the investment opportunities in the ...
Dar, Djibouti ports overtake Mombasa in new World Bank ranking
Dar es Salaam, Djibouti and Berbera ports have toppled Mombasa in the World Bank’s latest ranking on the most efficient ...
Equinor, Shell and Exxon agree LNG project with Tanzania
Equinor, Shell (SHEL.L) and Exxon Mobil have agreed a deal with the government of Tanzania for the development of a ...
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