Uganda and Tanzania move a step closer towards realization of the EACOP project
Uganda’s cabinet yesterday approved the awarding of the construction licence for the proposed East African Crude Oil Pipeline (EACOP), subject ...
Tag: #LatestBusinessNews
Shanta delivers strong results in 2022 despite missing guidance
Following a strong end to 2022 at all of its assets, including record yearly throughput at the New Luika mine, ...
Private sector credit growth up 22.6 pct on improved economic activity
Private sector credit growth in the country increased by 22.6 per cent on year-on-year basis in November last year , ...
Petra completes measures to contain tailings breach at Williamson diamond mine
When the eastern wall of a tailings storage facility at the Williamson diamond mine, in Tanzania, was breached on November ...
India’s exports to Tanzania increased three-folds in 2022
India exports to Tanzania rose by a threefold last year mainly on account of petroleum and diesel according to official ...
Tanzania’s food stock down to 147,401 tonnes in November, 2022
Food stock at the National Food Reserve Agency (NFRA) fell to 147,401 tonnes in November last year as compared to ...
Tanzania ‘cautious’ on digital currency adoption after initial research
Tanzania’s central bank says it is still considering the introduction of a central bank digital currency (CBDC) but will be ...
CRDB dominates as Dar equity market falls 22 pct
The Dar es Salaam Stock Exchange (DSE) registered a slight downward tick recording a turnover of 2.6bn/- during the trading ...
Unified currency for EAC could be implemented sooner than expected
In a bold move towards economic unity, the East Africa Community (EAC) has announced plans to implement a single currency ...
Analysts upbeat on outlook for Tanzania equity market in 2023
The Tanzanian stock market ended 2022 on an impressive note amidst global instabilities with domestic markets swimming against the global ...