Troubled Kenya Airways defaults on $841m loan
2022-10-29
Kenya Airways has defaulted on a $841.6 million loan from the American Exim Bank for purchase of aircraft, the National Treasury has said.Continue Reading
UN’s role in helping Tanzania attain its development goals
2022-10-28
UN and Tanzainia: Every October 24, the United Republic of Tanzania and the rest of the world celebrate the establishment of the United Nations. Seventy-seven years ago, a small group of 51 sovereign states came out of the horrors of the Second World War and joined together to promote peace and development.Continue Reading
Vodacom Tanzania to rollout Mpesa in SADC region
2022-10-28
Tanzania: Vodacom MPesa to be rolled out to new countries to be covered in the expansion are: South Africa, Malawi, Zambia, Zimbabwe, Lesotho, Mozambique, Swaziland and the Democratic Republic of Congo (DRC).Continue Reading
Africa Investment Forum 2022: Medical and vaccines transactions expected to draw healthy investor interest during Market Days event
2022-10-28
Since the onset of the Covid-19 pandemic, the Africa Investment Forum, a marketplace for transactions that close Africa’s investment gaps, has channeled investments to projects that address the continent’s biggest healthcare challenges – building quality healthcare infrastructure; developing the continent’s pharmaceutical…Continue Reading
Africa Investment Forum: Lusophone Compact continues to drive private sector investment in Africa
2022-10-28
Investor News Africa: The Lusophone Compact is one of many successes that have emerged from the innovative Africa Investment Forum. The compact is a financing platform that provides risk mitigation, financing products and technical assistance to accelerate development of the private sector in Africa’s Portuguese-speaking countries.Continue Reading
Game store to shutdown on December 25
2022-10-27
Games Firm says that the first phase of consultations which was focused on the reasons for the proposed closure have now been completed and a decision has been reached to close the affected storesContinue Reading
Is your company adequately capitalised?
2022-10-27
Tanzania Budget: “Is your company adequately capitalised?” is a question asked not just by the shareholder and lenders to a company, but also by revenue authorities. In the context of tax, this is often addressed by thin capitalisation rules which look at the ratio between debt and equity – something that also applies in Tanzania.Continue Reading
Dead journalists still tell stories
2022-10-27
Arshad Sharif, a leading Pakistani journalist, living and sheltering in Kenya since he fled his country early in the year, was shot dead on Sunday night at a police roadblock on the Nairobi-Magadi road.Continue Reading
KCB assets hit Sh1 trillion, graduates to tier-one status
2022-10-27
Tanzania: It was announced yesterday that KCB Bank has graduated to tier one status after increasing its asset value to Sh1.04 trillion. For a bank to earn tier one status, the highest ranking in the banking industry, it should boast assets of at least Sh1 trillion, according to the Bank of Tanzania (BoT).Continue Reading
ZAA to meet airlines over notice to move to Dnata
2022-10-27
The Zanzibar Airports Authority (ZAA) will today meet representatives of all airlines that fly into Zanzibar regarding the order to shift their ground handling to Dnata.Continue Reading
