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 ...
Tag: #LatestBusinessNews
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 ...
Vodacom set to declare more than $9 million dividends to shareholders after bouncing back to profitability
The Dar es Salaam Stock Exchange (DSE) listed telco Vodacom Tanzania is set to declare more than $9 million dividends ...
Tanzania embarks on ambitious plan to woo more tourists from the Far East
The Ministry of Tourism and Natural Resources, in partnership with the Tanzania Tourist Board (TTB) and the Chinese Embassy are ...
I&M Bank debuts Agency Banking product to expand financial access to customers
I&M Bank has unveiled its latest banking solution, Agency Banking dubbed ‘I&M Bank Wakala’, that aims at providing customers with ...
Kenyatta family’s stake in NCBA Group suffers $11.26-million decline in 2023
The Kenyatta family, Kenya’s leading landowners, enjoyed a $21-million increase in their equity holdings in NCBA Group last year but ...
Foreign banks up arms to control East Africa’s lucrative retail market
Foreign banks have been roped into the battle for the control of East Africa’s retail market, which has been tipped ...
AfDB approves $11.7 million to facilitate access to fertilizers for African farmers
The Board of Directors of the African Development Bank has approved a $11.7 million budgetary allocation to the African Fertilizer ...
Japanese lender Sumitomo Mitsui rules out funding $5 billion EACOP project
Sumitomo Mitsui Financial Group Inc. said it isn’t financing an oil pipeline in East Africa, joining a growing list of ...
Commitment is key to implementation of common market protocol – EAC
East African Community (EAC) Partner States’ commitments to the free movement of capital, services and goods is the bedrock of ...