Tanzania |

Exclusive Interview: Abdulmajid Mussa Nsekela, Chief Executive Officer of CRDB Bank Tanzania

LAGOS (Capital Markets in Africa) – Abdulmajid Mussa Nsekela, Chief Executive Officer of CRDB Bank Tanzania grants an exclusive interview to Capital Markets in Africa. He shared with us the CRDB’s long-term strategic plans to maximize profitability and enhance shareholders’ value. As well, the CEO opines that the Tanzanian Banking sector remains vibrant and has great prospects for the obvious reasons that it is at the center of the rapid economic growth being witnessed. Thanks for…

Birth Control for Tanzanians? President Says `No Thanks’

Posted on by The Editorial Team

DAR ES SALAAM (Capital Markets in Africa) – President John Magufuli said Tanzanians have no need for birth control and only those who are lazy and can’t feed their children should use contraception. The 58-year-old leader has embarked on a nationwide anti-corruption drive and cut wasteful government spending since winning elections in 2015, but criticism of his administration is growing amid a clampdown on the media and the opposition. In a speech to citizens in Simiyu, northern…

INTO AFRICA July 2018 Edition – Back on Track: African Mining

Posted on by The Editorial Team

LAGOS (Capital Markets in Africa) – Welcome to the July 2018 edition of INTO AFRICA, a publication with fresh insight into Africa’s emerging capital markets. This month’s edition, titled: Back on Track: African Mining explores emerging mining laws and regulations as well as opportunities across African countries and financing options for mining projects in Africa. Africa is rich in natural resources. It boasts of over 10% of world reserves of oil, about 40% ofgold, 90%…

Moody’s Sees East African Economies Expanding Fastest Globally

Posted on by The Editorial Team

NAIROBI (Capital Markets in Africa) – East African economies will be among the fastest growing globally over the next two years with rates of 5.5 percent to 7 percent, driven by public spending on infrastructure, according to Moody’s Investors Service. Rwanda and Tanzania are expected to grow at 6.5 percent to 7.5 percent annually, while Uganda and Kenya could see rates of 5 percent – 6 percent. The services sector, which makes up the largest share of…

Tanzanian Police Arrest Opposition Leader as Detentions Mount

Posted on by The Editorial Team

DAR ES SALAAM (Capital Markets in Africa) – Tanzanian police arrested opposition leader Zitto Kabwe, the latest among dozens of politicians detained in the East African nation this year. The authorities detained Kabwe when he arrived at the airport in the largest city, Dar es Salaam, on Wednesday, then transferred him the capital, Dodoma, according to a statement on his Twitter account. Kabwe’s Alliance for Change & Transparency is making inquiries about why he was arrested,…

Opposition Fortunes Wane as Tanzania President Rules Supreme

Posted on by The Editorial Team

DAR ES SALAAM (Capital Markets in Africa) – Two years into his rule, Tanzanian President John Magufuli has some unexpected new fans: his political opponents. His chief rival in the 2015 vote, Edward Lowassa, has praised his reforms and urged others to support them. Another challenger became one of his regional commissioners, while two opposition lawmakers recently defected to the ruling party and will run as candidates in February by-elections. These could be signs that Magufuli, who’s nicknamed…

Tanzanian Probe Finds Airtel Unit Was Privatized Illegally

Posted on by The Editorial Team

DAR ES SALAAM (Capital Markets in Africa) – A Tanzanian probe found that the local unit of Indian mobile-phone company Bharti Airtel Ltd. was originally transferred from the state illegally and the government will start talks to retake what it says is its rightful share of the business. The investigation discovered that the initial privatization of Tanzania Telecommunications Corp. “broke the law, regulations and procedure,” according to a statement from President John Magufuli’s office that quoted Finance Minister Philip…

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