Tanzania Seeks $1.1 Billion from IMF for Economic Recovery
Tanzania is in talks with the International Monetary Fund (IMF) for a three-year financing package of $1.1 billion, as President Samia Suluhu Hassan seeks to support the nation’s recovery from [...]
Africa's Economic Recovery to Get Boost from AFC's $2 Billion Fund
Africa Finance Corporation is setting up a $2 billion fund to help institutions in Africa to recover quickly from the global coronavirus pandemic as well as overcome challenges economic arising from [...]BMIA launches Second Financial Journalism Training in Tanzania
The Bloomberg Media Initiative Africa (BMIA) has unveiled the second edition of its Financial Journalism Training (FJT) program in Tanzania. This program will train journalists and media professionals in business [...]
South Sudan Urged to Implement Economic Reforms to Acess Loans
The International Monetary Fund and the World Bank have urged South Sudan to reform its institutions in order to access more loans. Addressing journalists at the weekend, Agak Achuil, South [...]
Ghana's Economy Buckles Under 18-Year High Inflation Rate of 23.6%
Ghana’s inflation rate climbed to the highest level in more than 18 years in April, jumping to 23.6% from a previous 19.4% in March. This is the highest rate since [...]Identitypass to Boost Digital Verification Across Africa with $2.8 Million Seed Funding
KYC verification company, Identitypass has raised $2.8 million in seed funding, just a few months after the startup raised $360,000 in pre-seed investment last November. This funding brings the startup's total funding [...]Tanzania Awards Base Titanium 4th License, Increasing its Potential Investment Decision
Base Titanium has won a fourth prospecting licence in Tanzania, increasing its potential investment decision in the country. Previously, Tanzania had granted the company three prospecting licenses during the second [...]Ethiopia Set to Access Faster Network as Ethio Telecom Launches 5G
Ethio Telecom, the state-owned telecom service provider in Ethiopia, on Monday launched a 5G mobile phone service making Ethiopia among the leading few African countries, including Kenya in eastern Africa, [...]Mending Fences: Tanzania to Resume Sugar Imports From Uganda
Tanzania is set to resume buying sugar from Uganda, signalling a relaxation of one of the trade disputes that has lasted close to three years. President Samia Suluhu, during day [...]Tanzania Imports to Kenya Hit Record High on Improved Relations
The improved relationship between Kenya and Tanzania seems to be bearing fruits with bilateral trade between the two countries doubling in just ten months, the highest figure recorded since independence. [...]Nonkululeko Nyembezi Appointed Standard Bank's First Female Black Chairperson
Standard Bank Group Limited has appointed Nonkululeko Nyembezi as the first female Black chairperson, with effect from 1st June 2022. Nonkululeko Nyembezi replaces Thulani Gcabashe, who will retire after the [...]Tanzania Moves to Rein in Fuel Prices with TSh100 Million Subsidy
The Government of Tanzania has announced a TSh100 million fuel subsidy, seeking to reduce fuel prices in the country with effect from 1st June 2022. According to the country's Minister [...]
