Stanbic Bank to finance US$3 billion for Mchuchuma Iron Ore & Liganga Coal Mining Projects in Tanzania. Dar es Salaam: Stanbic Bank Tanzania is pleased to announce the successful completion of a senior secured syndicated financing worth US$3 billion (about 4.9 trillion Tsh) for Mchuchuma Iron Ore and Liganga Coal mining project in Ludewa District, Tanzania. The financing is…
10th Sept, 2012| Nairobi, Kenya| Leading card processor and electronic payments solutions provider, Paynet Group, has announced that its issuing facility for EMV Chip Cards should be ready for launch by early November this year and not in 2013 as earlier expected. This means that adoption of antifraud card technology by banks in the region is imminent. During a…
Kigali: Leading card processing and electronic payments service provider Paynet Group has completed a project for BanquePopulaire du Rwanda (BPR), the largest bank by customer volumes based in Kigali, which will see the bank’s ATM network acquire Visa transactions. The project which also involved the Rwanda’s National Switch (RSwitch)is part of a national initiative by the bank to acquire…
Nairobi, Kenya- 6th September 2012 Kenya ICT Board and Kenya IT and Outsourcing Services (KITOS), the country’s new IT industry body, have jointly sealed partnership with leading technology event organizer AITEC Africa to take up roles as country host partners for the East Africa ICT Summit, the largest annual ICT conference and exhibition in the region scheduled for Nairobi…
Dar es Salaam Cassava has and will always play a big role in improving the lives of farmers in Tanzania as it is widely grown in most parts of the country and holds immense potential as a cash crop through value addition. The government will therefore support efforts aimed at supporting farmers to optimize the crop and realize this…
Geneva, Switzerland, 5 September 2012 – Switzerland, for the fourth consecutive year, tops the overall rankings in The Global Competitiveness Report 2012-2013, released today by the World Economic Forum. Singapore remains in second position and Finland in third position, overtaking Sweden (4th). These and other Northern and Western European countries dominate the top 10 with the Netherlands (5th), Germany…
NAIROBI, Kenya, September 4, 2012/ — Bharti Airtel (http://www.airtel.com) , a leading telecommunications company with operations in 17 countries across Africa, has announced that it has entered into a strategic cooperation agreement with leading South African financial services group, Sanlam, for the distribution of insurance and health funding products. This agreement covers seven African countries, on a non- exclusive…
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Corporate companies stand a better chance to excel in their businesses if they effective utilize the media to advertise their products and services. Speaking during the 6th Birthday of RootsYR held at Dar es Salaam recently, the company Managing Director (MD) Denise Rosiello said companies need to create brands by reaching the consumer through specific medium by advertising in…