High import bills push Zanzibar’s current account deficit to $116.5 million in June
Zanzibar’s current account deficit widened to $116.5 million during the quarter ending June 2023, from $104.4 million recorded during the ...
Tag: #TanzaniaBusinessNews
Tanzanian fintech firm NALA taps into the Nigeria market
NALA, a Tanzanian fintech, has officially launched payments from the UK and Europe to Nigeria. NALA is an African payments ...
Tanzania’s forex reserves hit $5.28 billion at the end of June
Tanzania’s foreign exchange reserves increased to $5.28 billion at the end of June 2023, compared with $5.11 billion recorded during ...
Dar embarks on plans to revamp stalled tea industry
Tea production in Tanzania has slowed down due to weather changes that has affected most tea growing regions resulting into ...
Dar equities market up 18.4 pct on block trades
Tanzania’s equities market continued its bullish trend with the bourse demonstrating favorable performance during the trading session last week as ...
Noble Helium raises $12 million for second North Rukwa well
Noble Helium Limited has received firm commitments from institutional, sophisticated, and accredited investors to raise $12.0 million (before costs) through ...
Intra – EAC trade hit $74.1 billion in 2022 on strong collaboration with partner states
Intra - East African Community (EAC) trade increased by 13.4 percent to $74.1 billion in 2022 from $65.3billion in 2021, ...
NMB Bank, Air Tanzania announce first-of-its-kind initiative to enhance air travel payments
In a first-of-its-kind initiative, NMB Bank and Air Tanzania Company Limited (ATCL) yesterday announced a new partnership that does not ...
Tanzania’s export value hits $12.76 billion in June driven by non-traditional exports
The exports of goods and services in Tanzania scaled to $12.76 billion in June 2023 as compared to $11.004 billion ...
Johann Rupert ‘no longer’ Africa’s richest man as net worth slumps by $200 million
In a significant shift of fortunes, South African billionaire Johann Rupert has lost his position as Africa’s richest man to ...