Pemba. CRDB Bank yesterday opened a branch in Wete, Pemba as it seeks to play a role in supporting Zanzibar’s economic growth aspirations, particularly, through the government’s blue economy model. Zanzibar President Hussein Ali Mwinyi graced the branch opening event,…
SIGNIFICANT expansion and improvement of efficiency at Tanzania’s principal port of Dar es Salaam has enabled it to offer faster and cost-effective trade and transport solutions compared to other seaports in the region, a new report by GBS Africa…
Dar es Salaam. Investors have maintained a bullish outlook for Tanga Cement Company Limited and Twiga Cement despite delays in the cement manufacturers’ merger plan, available data shows. An analysis of the two firms’ performance at the Dar es Salaam…
Dar es Salaam. CRDB Bank Plc has been voted as the best bank in Tanzania, thanks to its transformative approach. The bank was named by Euromoney, a London-based monthly magazine that focuses on business and finance, it was revealed yesterday.…
South African Airways (SAA) has inked a codeshare agreement with Kenya Airways (KQ) on flights to and from their home countries in a bid to increase their reach. The deal, which became effective immediately, will see each airline sell, under…
NMB Bank has urged farmers, fishermen and livestock keepers to tap loan opportunities offered by the lender after slashing interest rates to 9 per cent from May this year. This was said by the NMB official responsible for Control and…
SINGAPORE — The U.S. dollar retreated further on Wednesday as the euro extended its overnight bounce on relief Europe might avoid the worst fears concerning energy shortages, and on the chance the European Central Bank may deliver a more aggressive…
Investors’ wealth at the Nairobi Securities Exchange (NSE) plunged Sh95 billion as local traders raced to profit from stocks bought cheaply a month ago. The NSE’s market capitalisation closed at Sh2.15 trillion on Monday, down from Sh2.25 trillion last Thursday…
Mainstream Renewable Power together with investment company Actis have announced the sale of Africa’s largest pure-play renewable energy independent power producer (IPP) Lekela Power, to Egyptian company Infinity Group and Africa Finance Corporation (AFC). News of the sale was revealed…
