East Africa's Most Valuable Banks Post Mixed Q1 Results as Tanzania Shilling Strength Bites
CRDB Bank and NMB Bank, East and Central Africa's most valuable listed lenders, posted divergent Q1 2026 profits. CRDB grew earnings 18.9% to TZS 206.20 billion while NMB rose 4.9% to TZS 193.09 billion, as funding costs surged and FX income contracted at both banks.
Turkish Aviation Firm Exits Tanzania to Focus on Kenya's Cargo Hub
Çelebi will reinforce its position in Kenya following its acquisition of Transglobal Cargo Centre Ltd, a ground handling and cargo operator at Jomo Kenyatta International Airport (JKIA).
Dangote to Build East African Oil Refinery in Tanzania
Aliko Dangote pledged at the Africa We Build Summit 2026 in Nairobi to build a 650,000-barrel-per-day oil refinery in Tanga, Tanzania, modelled on his Lagos complex, if Kenya, Uganda, and neighbouring governments support the initiative. Kenyan President William Ruto confirmed Kenya would also invest in Uganda's separate domestic refinery. The announcement came as the AFC warned Africa faces an 86-million-tonne fuel shortfall by 2040, with East Africa sourcing up to three quarters of its refined fuel from the Middle East.Bank of Tanzania Joins Africa Finance Corporation as Equity Shareholder
The Bank of Tanzania has made an equity investment in infrastructure solutions provider Africa Finance Corporation (AFC), becoming a sovereign shareholder.
Aga Khan Sells Nation Media Group Majority Stake to Tanzanian billionaire Rostam Azizi
Tanzania's first dollar billionaire Rostam Azizi is acquiring AKFED's 54.08% stake in Nation Media Group via Taarifa Ltd. Azizi, whose Taifa Group spans LPG, contract mining, aviation, and media, co-founded Mwananchi Communications in 1999 before selling out to NMG. He now returns as majority owner of East and Central Africa's largest independent media house, with regulatory approval expected within three to four months.Why the Bank of Tanzania Sold Some of its Gold
Tanzania’s central bank has defended its decision to sell part of its 19.6-tonne gold reserve, saying the move is part of routine reserve management. Governor Emmanuel Tutuba stated that the sale aims to rebalance reserve assets and support foreign exchange liquidity, with current reserves still covering about five months of imports.SGR Push to Malaba Marks New Phase in East Africa's Rail Race
Tanzania Drives Kenya Electricity Exports to Record Highs
Kenya’s electricity exports hit record highs in the final quarter of 2025, marking a structural shift in regional power trade after years of limited cross-border sales. Total exports rose from 26.13 GWh in October to 52.11 GWh in December, the highest on record. The surge was driven by rapidly rising shipments to Tanzania following the full operational ramp-up of the 400 kV Isinya–Singida interconnector, with Tanzania accounting for more than 96% of December volumes.How Regulatory Overreach Forced Uber Out of Tanzania
At the center of Uber’s departure lies a prolonged standoff with Tanzania’s Land Transport Regulatory Authority (LATRA), whose rules have steadily narrowed the operating space for digital mobility platforms.I&M Group Lifts Stake In Tanzania Unit To 95.5% As Minority Shareholders Exit
I&M Group PLC has raised its ownership in I&M Bank (T) Limited to 95.5% after acquiring shares previously held by PROPARCO and Microfinance East Africa Ltd. The stake increase from 84.9% follows receipt of all corporate and regulatory approvals and consolidates the group’s control of its Tanzanian unit, according to a board notice dated January 13, 2026.Tanzania’s Internet Blackout Has Cost Over US $238 Million - Paradigm Initiative
The Paradigm Initiative (PIN) has raised concern over Tanzania’s recent election-period internet blackout and ongoing reports of bandwidth throttling in parts of the country
Tanzania’s Trader Ban Triggers Regional Tensions as EAC Presses for Policy Reversal
The East African Community (EAC) is facing renewed internal tensions following Tanzania’s decision to bar foreign nationals from participating in several business sectors, a move regional leaders warn could undermine [...]
