Tanzania | - Part 6

Tanzania’s Vodacom files prospectus for share offering

DAR ES SALAAM (Capital Markets in Africa) – Vodacom Tanzania, part of South Africa’s Vodacom Group, has filed a prospectus with Tanzania’s capital markets regulators for an initial public offering (IPO), the company’s managing director told Reuters on Monday. Tanzania’s biggest mobile phone operator filed its application for an IPO with the state-run Capital Markets and Securities Authority (CMSA) and Dar es Salaam stock exchange (DSE) on Friday, managing director Ian Ferrao said in a…

High Interest Rates: How do they impact Small Businesses in East Africa?

Posted on by The Editorial Team

JOHANNESBURG (Capital Markets in Africa) – Small & Medium Businesses in East Africa should be looking at ways to maximise their efficiency and improve debt management to navigate the risks that high interest rates pose for their businesses. That’s the word from Billy Owino, Regional Director for Sage East Africa (www.Sage.com), the market leader for integrated accounting, payroll, and payment systems. He says that business builders feel the pressure of rising interest rates more severely than…

Tanzania secures $259 mln funding for power grid link with Kenya

Posted on by The Editorial Team

DAR ES SALAAM (Capital Markets in Africa) – Tanzania has secured $258.82 million from the African Development Bank and the Japan International Cooperation Agency for a high voltage electricity line to connect its national power grid to Kenya’s, its power utility said on Sunday. The 400 kilovolt (kV) line will be completed within two years and is part of efforts to deepen integration between the two countries’ economies, Tanzania’s TANESCO said in a statement on its…

Tanzania gets $1.6 bln World Bank package to fund economic revival

Posted on by The Editorial Team

DAR ES SALAAM (Capital Markets in Africa) – Tanzania has secured $1.6 billion in loans and grants from the World Bank which it said it will use to help end chronic power shortages, rebuild its railways and develop its farming. East Africa’s second-biggest economy is revamping its power generation and hopes to use some of its estimated 57 trillion cubic feet of natural gas reserves to cut its reliance on oil-fired and hydro power plants….

AfDB Seeks Investors for $7.6-Billion Tanzanian Railway Line

Posted on by The Editorial Team

DAR ES SALAAM, Capital Markets in Africa: The African Development Bank will hold an investors’ roadshow to attract as much as $7.6 billion in financing for a railway line linking Tanzania’s port in Dar es Salaam with neighboring landlocked countries. The Abidjan, Ivory Coast-based lender is teaming up with the World Economic Forum to help attract investors to bankroll the 2,200-kilometer (1,370-mile) line, according to Gabriel Negatu, AfDB’s regional director for East Africa. “We are convening a meeting of…

IMF Sees Tanzanian Growth Being Spurred by Public Spending

Posted on by The Editorial Team

DAR ES SALAM, Capital Markets in Africa: Tanzania’s economy is expected to grow 7.2 percent this year, driven by public spending and President John Magufuli’s efforts to curb government waste, the International Monetary Fund’s resident representative said. Investment in roads and power plants, along with upgrades to ports and airports, a drive to boost government revenue and lower oil prices all support the expansion of the economy, Bhaswar Mukhopadhyay said in an interview Sept. 16 in the…

Luster Wears off Tanzanian President’s Anti-Corruption Drive

Posted on by The Editorial Team

Dar es Salam, Capital Markets in Africa: Tanzanian President John Magufuli’s quick action to stem corruption and government waste won praise from so many graft-weary East Africans that it triggered the internet meme #WhatWouldMagufuliDo. Now, there are growing concerns that the man nicknamed “bulldozer” is going too far. This year, the government has banned three newspapers for reasons including “inflammatory” reporting and ordered the closure of two radio stations for allegedly broadcasting seditious content. In June, police outlawed all protests…

« 1 … 4 5 6 7 8 … 16 »