Kenyatta family’s stake in NCBA Group suffers $11.26-million decline in 2023
The Kenyatta family, Kenya’s leading landowners, enjoyed a $21-million increase in their equity holdings in NCBA Group last year but ...
Tag: #TanzaniaBusinessNews
Foreign banks up arms to control East Africa’s lucrative retail market
Foreign banks have been roped into the battle for the control of East Africa’s retail market, which has been tipped ...
AfDB approves $11.7 million to facilitate access to fertilizers for African farmers
The Board of Directors of the African Development Bank has approved a $11.7 million budgetary allocation to the African Fertilizer ...
Japanese lender Sumitomo Mitsui rules out funding $5 billion EACOP project
Sumitomo Mitsui Financial Group Inc. said it isn’t financing an oil pipeline in East Africa, joining a growing list of ...
Commitment is key to implementation of common market protocol – EAC
East African Community (EAC) Partner States’ commitments to the free movement of capital, services and goods is the bedrock of ...
Vodacom Tanzania’s mobile data revenue up 34.2 pct to 273.7bn/- on strong demand for data services
Vodacom Tanzania’s mobile data revenue grew by 34.2% to 273.7bn/- for the year ended March 31, 2023 according to the ...
Tanga Cement share price jumps 32 pct as acquisition saga still drags on
The Tanga Cement Company Limited (TCCL) stock appreciated by 32.14% to close at 1,480/- per share during last week’s trading ...
New Investment Act set to spur Tanzania’s investment galore – TIC
The Government will continue strengthening the investment climate to encourage existing investors to reinvest their profits in the Country, the ...
Dar registers 25 projects worth 882.3bn/- in April, 2023
Dar registers 25 projects worth 882.3bn/- in April, 2023 The Tanzania Investment Centre (TIC) approved and registered a total of ...
Tanzania’s LNG project development to cost $42 billion
Tanzania says the cost of developing its liquefied natural gas (LNG) project is $42 billion after the recent technical analysis, ...