Tanzania-based Saturn Resources acquires Shanta Gold for $180 million
East Africa-focused Shanta Gold said on Wednesday it had agreed to a £141.95 million ($180.7 million) takeover bid by Tanzania-based ...
Tag: #LatestTBWNews
AfDB unveils Trade Finance Transaction Guarantee Facility to Bank of Africa Tanzania
The Board of Directors of the African Development Bank Group has approved a trade finance transaction guarantee facility to Bank ...
Tanzania’s forex reserves hit $5 billion in November 2023
Tanzania’s foreign exchange reserves remained adequate at about USD 5 billion in November 2023, sufficient to cover more than 4 ...
Urgent reforms needed to enable strong private sector-led inclusive growth – World Bank
Over the past two decades, Tanzania has exhibited robust economic growth, surpassing many developing countries, even weathering the COVID-19 pandemic ...
Walkabout starts commissioning activities at its flagship Lindi Jumbo
ASX-listed Walkabout Resources has started commissioning activities at its Lindi Jumbo graphite mine, in Tanzania, another step toward full operation ...
Fitch forecasts Tanzania’s GDP growth to rise to 5.5% in 2024
Fitch Ratings has affirmed Tanzania's Long-Term Foreign-Currency Issuer Default Rating (IDR) at 'B+' with a Stable Outlook. Tanzania's rating reflects ...
Dar equities market rebounds on increased appetite for stocks towards year end
The Dar es Salaam Stock Market (DSE) posted an impressive performance during the trading session last week posting a total ...
Lobby roots for removal of EAC non-tariff barriers
Regional trade lobby, East African Chamber of Commerce, Industry and Agriculture (EACCIA), is pushing for the elimination of more non-tariff ...
East Africa adopts diversified resource development strategy
Boasting an abundance of renewable resources, East Africa has garnered substantial attention from major international players within its clean energy ...
Zanzibar’s current account deficit hits $447.7 million in October on imported goods
Zanzibar’s current account registered a deficit of $447.7 million during October this year from a deficit of $362.8 million recorded ...