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Dar Business Prospects Attract Singaporeans
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| PROSPECTIVE investors from Singapore are in the country to explore business opportunities, thanks to President Jakaya Kikwete's recent tour of the Asian nation.The visiting Singaporeans have expressed interest to invest particularly under the Export Read More... |
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Twiga Cement Optimistic of Impressive Business
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| TANZANIA Portland Cement Company (TPCC) is envisaging impressive profit in the second half of this year to compensate for the income reduction in the first half of the year.The Dar es Salaam based cement firm reported saw its net income dwindling by Read More... |
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Japanese firm to lay a 2,000 km pipeline
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| A Japanese firm is set to lay down 2,000 kilometres of pipeline for oil exports from South Sudan and Uganda via Kenya. Kyodo, a Japanese news agency reported last week that Hiroshi Suzuki, President of Toyota Tsusho East Africa Ltd, had said his compRead More... |
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Power lines to double by 2017
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| UGANDA
Power lines to double by 2017
Uganda planned to double the length of its power grid in four years at a cost of $500 million (R5 billion) as it sought to boost electricity production and cut transmission losses, a senior government offiRead More... |
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Rwanda plans debut $400 million eurobond
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| Rwanda said it plans to raise $400 million in a debut sale of Eurobonds as the East African country seeks to accelerate economic growth.
The government appointed BNP Paribas SA and Citigroup Inc. as lead managers for the 10-year bond offering, FinanRead More... |
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Burundi, China sign 3 cooperation agreements
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| Three inter-governmental agreements have been signed between Burundi and China during a visit by Chinese Vice-Minister of Commerce Zhong Shan to the Central African country.A Burundi government source said the agreements were signed in Bujumbura on MRead More... |
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'Congo Brazzaville Offers Rwanda Huge Business Opportunities'
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| The delegation from the Rwanda ICT Chamber that was in Congo Brazzaville last week identified a number business opportunities in the country's ICT market.David Karuletwa, the chief operating officer at RSwicth, a firm that facilitates electronic paymRead More... |
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CfC Stanbic Bank eyes S. Sudan private sector
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| CfC Stanbic Bank, a subsidiary of Standard Bank Group, is determined in its approach to provide banking solutions in support of the private sector in South Sudan.The bank, which was officially opened in South Sudan mid-last year, joins other financiaRead More... |
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Airtel Zambia launches Itebete promotion
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| Airtel Zambia has launched a new promotion dubbed ‘Itebete’ whose aim is to give back to its customers. Under the promotion the customers will be allowed to call and browse for free while at the same time having a chance of winning cash pRead More... |
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Dart Project to Create Over 80,000 Jobs
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| THE government has allayed fears to commuter bus owners of losing business to the Dar es Salaam Rapid Transit (Dart) project that is expected to boost transport efficiency, attract more investment, tourists and create over 80,000 jobs.The first phaseRead More... |
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Dangote's $500m Tanzania cement plant starts with 3 million mtpa
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| In furtherance of its Pan African expansion drive, leading cement company, Dangote Cement Plc on Monday laid the foundation stones for the construction of its new $500m cement plant in the East African country of United Republic of Tanzania.A statemeRead More... |
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Tanzania Needs to Attract More Investment
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| REPORTS that Tanzania is the most favourite investment destination in East Africa is good news and worth celebrating.And according to a just released Rand Merchant Bank's (RMB) 2013 Global Investment Banking Report, Tanzania is also among the top tenRead More... |
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Centum To Acquire Stake In Genesis Kenya Fund Management Business
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| East Africa’s largest quoted Investment Company, Centum Investment Company Limited (Centum) has announced its intention to buy 73.4 percent shareholding stake in Genesis Kenya Investment Management Ltd. for an undisclosed sum.The deal, which isRead More... |
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'Kenya's economic outlook favourable'
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| Kenya's economic prospects look more favourable and foreign investors seem undeterred by a trial of Kenyan president and his deputy on charges of crimes against humanity in The Hague, a senior IMF official said on Monday.Kenya's situation had improveRead More... |
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World's highest civilian airport opens in China
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| The world's highest-altitude civilian airport has started operating in Sichuan provinve neighbouring Tibet, dramatically cutting travel time in the remote region in southwestern China.Daocheng Yading Airport, located 4,411 meters above sea level in DRead More... |
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