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…
Rest In Peace, great maestro Dar es Salaam: The George Otieno alias ‘Tyson’ who died in a car crash last Friday evening near Gairo in Morogoro, will get a heroic send off at the leaders club grounds wednesday in Dar es Salaam. Later, he will be flown to Nairobi, Kenya according to the wishes of his parents. Tyson will…
World Bulletin/: Egypt has welcomed a call by Tanzania for a review of the 2010 Comprehensive Framework Agreement signed by upstream Nile Basin countries, known as the Entebbe Agreement, to consider Egypt’s water needs. In a statement, Egyptian Foreign Ministry spokesman Badr Abdel-Ati hailed the Tanzanian stance as “an important step towards the return of Nile Basin countries to…
Tanzania’s exports to the EAC partner states has increased by 82 percent between 2012 and 2013 owing to growth in industrial sector and traders’ positive response to ever growing EAC market. According to provisional data for the year 2013, released by Minister for East African Cooperation Hon. Samuel Sitta in the Parliament, the value of Tanzania’s exports was US$…
The Minister for East African Cooperation Hon. Samuel Sitta has said that Tanzania is not a stumbling block to East African Community’s (EAC) integration process as some people claim. He said Tanzania is perceived as a slow member in the EAC because of its attitude of being careful and serious when it comes to dealing with all matters of…
PARIS, France, May 26, 2014/ *– *After the CTIC incubator in Senegal and the Ebène project in Mauritius, Orange (http://www.orange.com) announces the opening of the first start-up incubator in Niger. Orange Niger and its local partners* have helped to set-up CIPMEN, a small- and medium-sized business (SME) incubator designed to encourage the creation of new and innovative companies in…
Rethinking ‘Capital’: Marx, Piketty, and the Mirage of Inequality By Miki Tasseni First published in Business Times, Dar es Salaam Reviewers and seasoned analysts have recently been captivated by a new book that has stirred bourgeois discomfort in elite policy circles: Capital in the Twenty-First Century. Authored by French economist and philosopher Thomas Piketty, this modern tome attempts to…