PRESS RELEASE OFID Governing Board approves new funds to boost socio-economic development in Africa The Governing Board of the OPEC Fund for International Development (OFID) has approved seven loans and three grants totaling over US$100 million to boost socio-economic development in 13 African countries VIENNA, Austria, December 14, 2012/ — The Governing Board of the OPEC Fund for International…
Dar es Salaam; 12th December 2012 Tanzania’s horticultural industry investments and development faces multifaceted challenges that need to be urgently addressed through public private partnership for best solutions as matter of necessity. Participants at a horticulture stakeholders’ incentive meeting held in Dar es Salaam ( 7th December 2012) noted that inadequate support policies and regulatory framework exacerbated by poor…
LONDON, United-Kingdom,** December 13, 2012/*– *In a drive to get Africa one step closer to zero new HIV infections, zero AIDS-related deaths and zero discrimination, global agri business Olam ( http://olamonline.com), along with NGO partners such as GIZ, EngenderHealth and Action Health Incorporated, has mobilised its supply chain network this month to get vital education and healthcare support to…
Dar es Salaam – 11 December 2012. Growing coffee and banana together not only generates more income for small-holder farmers, compared to growing either crop alone, but it can also help coffee production to better cope with the effects of climate change, a recent study has shown. The study, which sought to understand the potential impact of climate change…
LONDON, UK; WASHINGTON, DC, December 6, 2012 – Foreign investors, attracted by stronger economic growth in developing countries while mindful of risks, remain relatively optimistic about these destinations in the short term, according to the results of a survey released in a report by the World Bank’s Multilateral Investment Guarantee Agency (MIGA). World Investment and Political Risk notes that…
3rd December 2012, Dar es Salaam – Barclays Bank Tanzania was announced the winner of The 2012 Bank of the Year Award in Tanzania. The announcement came out on Thursday November 29th 2012, in London during the annual Bank of the Year Awards which is administered by The Banker Magazine affiliated with the Financial Times. Barclays Bank Tanzania Managing…
Dar es Salaam: The Tanzania Association of Microfinance Institution (TAMFI) has embarked on a new programme to build the capacity of the country’s microfinance sector to lead it into new growth heights. Over 50 institutional members of the body, which include small and big microfinance institutions across the country, will benefit from the cooperation project between TAMFI and the…
Forum Helps Farmer Organisations Scale-up Food Production JOHANNESBURG, South-Africa, November 26, 2012/ — The Alliance for a Green Revolution in Africa’s (AGRA) (http://www.agra-alliance.org/who-we-are) Farmer Organisation Support Centre in Africa (FOSCA) programme in collaboration with the Southern African Confederation of Agricultural Unions (SACAU) (http://www.sacau.org) is hosting a forum from 26 to 28 November, 2012 at the Birchwood Hotel and Conference…
NBC’s POSITIVE OUTLOOK FOR THE QUARTER ENDED 30TH SEPTEMBER 2012 Dar es Salaam: NBC remained resilient in its performance turning around after a difficult first half of the year to deliver and impressive performance for the quarter ending 30th September 2012. The bank recorded a profit before tax of TZS 5.9bn compared to a loss of TZS 20.0bn recorded…
President Jakaya Mrisho Kikwete is expected to officially launch the “Mwalimu Nyerere Memorial Scholarship Fund”, which was established by the Bank of Tanzania (BoT) in 2009 in Arusha next week. The event will take place during the BoT’s 16th Conference of Financial Institutions (COFI) which starts from 26th to 27th of November 2012, at the Arusha International Conference Centre…