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 [...]Mozambique Targets Economic Recovery With $456 Million IFC Loan
The International Monetary Fund (IMF) has approved $456 million for Mozambique, seeking to support the latter's economic recovery. IMF says that as part of the three-year Extended Credit Facility Arrangement, [...]Equity Group Commits to Zero-Lending for Coal Projects in Finalised IFC Deal
The International Finance Corporation (IFC) and the IFC Financial Institutions Growth Fund has acquired a 6.71% stake in Equity Group, becoming the second-largest shareholder after Arise BV of Norway and Netherlands. The [...]African Airlines Join Forces to Lobby Increase in Jet Fuel Prices
African airlines have joined forces to negotiate better prices and a steady flow of jet fuel, in a bid to help stave off a potential crisis caused by supply issues [...]EAC Region Set to Experience Import Delays Amidst China's Lockdown
East African countries (EAC) are set to suffer more importation delays following new Covid-19 cases in China and the Russian invasion of Ukraine increased congestion in the supply chains. Already, [...]Liquid Intelligent Technologies Acquires Telrad
Liquid Intelligent Technologies, one of the largest Pan-African technology groups, has announced that it will acquire Telrad, an Israeli-based technology company, for an undisclosed amount of money. Liquid is a [...]
Congo Set to Issue $ 1.4 Billion Eurobond Linked to Oil Prices
The Republic of Congo plans to issue Eurobonds linked to oil warrants to refinance its outstanding debts to commodity traders Glencore Plc and Trafigura Group, according to a report by [...]
