Dar equity market slumps 81.2 pct on low investors’ appetite for stocks
Market activities on the Dar es Salaam Stock Exchange (DSE) declined by 81.23% during the trading session last week posting ...
Tag: #TanzaniaBusinessNews
Noble Helium to raise $13.5 million for upcoming North Rukwa Project drilling
Noble Helium Limited has received firm commitments from institutional and sophisticated investors including existing shareholders to raise $13.5 million (before ...
CPS Africa commits to transforming East Africa’s real estate landscape
CPS Africa, the largest private real estate developer in Tanzania has announced its latest project in Fumba Town - "The ...
Tanzania’s current account deficit widens to $5.2 billion in April on high import bill
Tanzania’s external sector continued to be affected by cumulative effects of global shocks, particularly the war in Ukraine, which largely ...
Shanta Gold’s Singida gold mine achieves commercial production
Aim-listed Shanta Gold has announced that its Singida gold mine, in Tanzania, has achieved commercial production. CEO Eric Zurrin said ...
Private sector credit up 22.5 pct in April on improved business environment
Credit extended to the private sector grew by 22.5 percent in April this year compared with 13.4 percent recorded in ...
Dar bans trading of forex with international foreign currency brokers not licensed in Tanzania
The Bank of Tanzania (BoT) has banned trading of foreign exchange with international foreign currency brokers who are not licensed ...
Tanzania to launch first oil and gas bid round in a decade
Tanzania aims to launch its 5th oil and gas licensing round by the end of 2023 in a move designed ...
Uber, Tigo Tanzania partner in new cashback initiative for drivers and riders
Ride hailing company Uber has entered a one-year partnership deal with telecommunications firm Tigo Tanzania that seeks to roll out ...
AfDB provides $2 million partial credit guarantee, $528,600 grant to facilitate access to fertilizer for Tanzania smallholder farmers
The Africa Fertilizer Financing Mechanism (AFFM), managed by the African Development Bank (AfDB), will provide the African Fertilizer and Agribusiness ...