Tanzania has liberalized its Capital Account for all East African Community (EAC) residents which allows them to participate in Dar es Salaam Stock Exchange (DSE) securities and to a limited extent in government securities. The move will also allow Tanzanians to invest in the EAC region without requiring prior permission from the country’s Central Bank, Bank of Tanzania (BOT)….
*NAIROBI, KENYA* (June 27, 2014)—Today is a critical moment for Africa’s farmers as the heads of state at the African Union (AU) summit in Equatorial Guinea reaffirmed their commitment to strengthen Africa’s agricultural economy. Their consensus is a recognition that investments in agriculture are uniquely effective in driving economic progress, particularly among Africa’s poor, most of whom depend on…
MALABO, Equatorial Guinea, June 30, 2014/ — Equatorial Guinea’s President, Obiang Nguema Mbasogo, asked African countries to invest heavily in their agricultural sector to decrease their dependence on the developed world, ensure food security, and significantly reduce hunger in their countries. He made his remarks at the closing session of the Assembly of Heads of State of the African…
*Malabo, Equatorial Guinea -25 June 2014: *The African Agribusiness Forum, held ahead of the 23rdOrdinary Session of the Assembly of African Union Heads of State and Government on Sunday the 22nd of June 2014 was meant to enhance private sector engagement and inclusive agribusiness transformation in Africa. The Summit is being held under the theme, “Transforming Africa’s agriculture for…
The 2014 pan-African Profile Awards for science and technology journalism have been launched by global engineering firm Siemens with a call to recognise the media’s important role in communicating how science and technology support Africa’s economic development. “Journalists play a vital role in distilling complex science, technology and engineering into a language that business, government and the public can…
As a showcase for new and exciting foods, beverages and equipment from around the world, Africa’s Big Seven (AB7) is the biggest and most spectacular exhibition on the continent. It’s also a versatile and highly effective platform for networking across the international food industry, and provides thousands of leads and opportunities for business – with more than 300 exhibitors…
Tanzania: Regional retailer, Nakumatt Holdings, has kicked off a clearance sale campaign in Dar es salaam Tanzania, as it prepares to formally assume business at the former Shoprite locations in the country. The 50% Sale at Nakumatt Mlimani City, flagship store located at Mlimani Mall in Dar es Salaam, today attracted an overwhelming crowd of shoppers hoping to catch…
*East Africa’s first public owned Oil and Gas Company* DAR ES SALAAM, Tanzania,June 9, 2014/ *– *Swala Oil and Gas (Tanzania) Plc (http://www.swala-energy.co.tz) today announced the launch of its Initial Public Offer Prospectus (“IPOâ€) of 9,600,000 ordinary shares. The company will be selling each share at the price of Tanzanian Shillings 500 from June 9th 2014 to 4th July…
DAR ES SALAAM, Tanzania, June 4, 2014/ — Tigo, Airtel and Zantel announced yesterday a pioneering agreement to allow customers of Tigo, Airtel and Zantel in Tanzania to send money to each other whether using Tigo Pesa, Airtel Money or EzyPesa on their mobile handsets. It is expected that the service will start by end of June. This is…
Your number-one reason to visit Africa’s Big Seven (AB7) is that it’s the biggest annual food and beverage trade expo on the continent, with free visitor registration and entry. Now in its 12th year, AB7 is a definite ‘must see’ event for anyone involved in the food andbeverage business in Africa. AB7 takes place from 22 to 24 June…