Kenya, Tanzania electricity line to be commissioned in December
Kenya has completed the construction of its portion of a $309.26 million electricity transmission line that will allow power imports ...
Tag: #TanzaniaBusinessNews
Africa’s trade volume slowed by 2.7% in 2022 on harsh environment
Africa’s trade volumes slowed sharply by 2.7 percent in 2022 from 10 percent in 2021, following global output deceleration occasioned ...
Dar moves to control dollarization of the economy
Amid the rapid market-led transition towards the exclusive use of US dollar in transactions across Tanzania’s economy, the Central Bank ...
Tanzania’s current account deficit doubles to $4.41 billion in ten months
Tanzania’s current account deficit almost doubled to $4.41 billion from July 2022 to April 2023, compared with the corresponding period ...
DP World in talks to expand East African coverage to Tanzania
Container terminal giant DP World Ltd. is in talks with Tanzania to manage seven berths at the East African nation’s ...
94 pct of our transactions done digitally, says NMB Bank
NMB Bank has indicated that 94% of its transactions are done through various digital channels thanks to the bank’s investment ...
Tanzanian billionaires Aunali and Sajjad Rajabali lose $2.8 million as CRDB bank shares plummet
After experiencing a substantial surge in wealth earlier this year, Tanzanian billionaire brothers Aunali and Sajjad Rajabali have seen the ...
Dar equity market turnover surges by 91.5 pct to 4.7bn/- on pre-arranged trades
The Dar es Salaam Stock Exchange (DSE) exhibited a bullish performance during the five-day trading session 91.56% increase in turnover ...
Kenya’s state firm KenGen eyes Tanzania geothermal deals
Kenya’s state fir KenGen is eyeing drilling deals in Tanzania in what looks set to cement the Kenyan electricity producer ...
AfDB approves $107.8 million to promote Tanzania’s green and resilient recovery from Covid-19 impacts
The Board of Directors of the African Development Bank (AfDB) Group has approved a $107.8 million loan to Tanzania to ...