Why establishment of the East Africa Monetary Union has been pushed to 2031
The establishment of the East Africa Monetary Union (EAMU) will now be achieved by 2031 following revised timelines set out ...
Tag: #LatestBusinessNews
Australian listed company Volt signs offtake deal for Tanzania fine flake
ASX-listed Volt Resources has inked a binding offtake agreement with battery anode material producer Graphex Group for the sale of ...
Tanzania’s 2017 mining reforms add 7.2trn/- to national coffers in six years
The mining reforms introduced in 2017 has added 7.2trn/- to the national coffers in six years earned through the sale ...
Dar, India reach consensus to trade in national currencies
The Reserve Bank of India (RBI) has given the go-ahead for India and Tanzania to use their national currencies for ...
Tanzania – South Africa total trade hits 1.11trn/- in 2022
Tanzania is one of the South Africa’s foremost trading partners, with total trade between the two nations increasing from R6.89 ...
Petra’s Williamson Diamond Mine in Tanzania set to restart operations in Q1, 2024
Williamson Diamond mine in Tanzania a subsidiary of Petra Diamonds located 23 kilometres northeast of Shinyanga in Tanzania is scheduled ...
Why the NICOL share price has appreciated by 22 pct since the beginning of the year
The price of NICOL is up 22% since the beginning of the year following a substantial annual profit growth of ...
KCB Group’s post-tax profit jumps 19.5% in 2022
Kenyan lender KCB Group yesterday posted a 19.5% rise in 2022 after-tax profit to 40.8 billion shillings ($314.57 million), driven ...
BoT to continue implementing a less accommodative monetary policy in March and April to control inflation below the target
The Monetary Policy Committee (MPC) has approved the Bank of Tanzania (BoT) to continue implementing less accommodative monetary policy in ...
BoT extends statutory administration of Yetu Microfinance for another 1 month
In exercising of its powers under Section 56(1) (g)(iii) of the Banking and Financial Institutions Act, 2006, the Bank of ...
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