Tanzania’s inflation rate drops to 4.3 pct in April, 2023
Tanzania’s Annual Headline Inflation Rate for the month of April, 2023 dropped to 4.3 percent from 4.7 percent recorded for ...
Tag: #LatestBusinessNews
Tanzania’s forex reserves drops to $5.01 billion in March 2023
The stock of Tanzania’s foreign reserves declined to $5.012 billion at the end of March 2023, from $5.581 billion recorded ...
Value of Kenya exports to Tanzania hit 995.5bn/- in 2022, tops EAC growth
Kenya’s total exports to Tanzania posted the biggest growth among all East Africa Community (EAC) destinations in terms of absolute ...
Dar stock market plunges 73 pct on low investors’ appetite for stocks
Market activities on the Dar es Salaam Stock Exchange (DSE) plummeted 73% during last week’s trading season recording a turnover ...
China takes over East African Crude Oil Pipeline funding
The Chinese appear to be taking over the financing of the East African Crude Oil Pipeline (Eacop) project, which has ...
Why equity investors upheld their preference for Treasury bills in March, 2023
Primary auctions of government securities had mixed results in March with investors upholding their preference for Treasury bills according to ...
Tanzanian startup NovFeed wins $1 million grant from Milken Institute & Motsepe Foundation
Tanzania biotech startup NovFeed has been announced as first prize winner of the “Milken-Motsepe prize in Agritech”. The company scooped ...
CRDB Bank receives nod to join scramble for a piece of Congo’s market
CRDB Bank Plc has finally been granted a license by the Central Bank of the Democratic Republic of Congo (BCC) ...
Tanzania’s export value hits $12.4 billion in March driven by non-traditional exports
The value of exports of goods and services in Tanzania hit $12.4 billion in March this year from $10.3 billion ...
DSE listed oil and gas company Swala commences liquidation process
Swala Oil and Gas Plc trading as Swala on the Dar es Salaam Stock Exchange (DSE) is now facing liquidation ...