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
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
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
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
On Wednesday 26 October 2022, the African Development Bank, rated Aaa/AAA/AAA/AAA (Moody’s / S&P / Fitch / Japan Credit Rating, all stable), launched and priced a new USD 2 billion 5-year Global Benchmark due 3 November 2027.Continue Reading
Tanzania Breweries Limited (TBL), through its parent company, AB InBev, yesterday entered into partnership with the World Wildlife Fund (WWF) Africa to improve water quality and quantity in identified high-risk sites by 2025.Continue Reading
Tanzania: RESIDENTS of Dar es Salaam and the Coast regions and some areas of Mororogo Region should brace themselves for substantial water rationing, following a significant drop of water levels at Ruvu Water Treatment Plants.Continue Reading
Tanzania: – the Irrepressible Rise of Mobile Scams. Despite Tanzania making SIM card registration mandatory, people still receive daily texts from fraudsters trying to trick them into sending money.Continue Reading
Official data from the Ministry of Agriculture shows that Tanzania earned Sh325 billion from maize exports from January to August.Continue Reading
Rishi Sunak’s family, childhood, religion and more: The UK’s first non-white PM. With East African heritage; Tanzanian and Kenyan roots and knowledge of Swahili language. Rishi Sunak becomes Britain’s first non-white and Hindu premier and takes power on Diwali.Continue Reading
