Business

Chinese Factories Still Struggling With Weaker Demands

For the 10th straight month the factory activity in China and survey across the continent show industry struggling due to decrease in demands of finished products. The tensions between Saudi Arabia and Iran have further exacerbated the economic situation in Asian countries as investors are now seen scurrying from stocks to safe havens like Japanese yen. In December the Japanese ...

Read More »

China To fund Tanzania’s New Transmission Power Line Construction

Dar es Salaam – China has conveyed a yes nod to fund a new 400kVh transmission power line to be valued at $680 million in the country, on the northeast area from capital through Coast, Tanga, Kilimanjaro to Arusha. In his recent South Africa visit during the Forum on China Africa Cooperation (FOCAC) Summit the Chinese President Xi said his ...

Read More »

Actress, Model Wema Sepetu Found Defaulter To TANESCO

Tanzania’s renowned model and actress Wema Sepetu is reported to have been a defaulter to Tanzania Electric Supply Company Limited (TANESCO) and she owes the firm TSZ 8,200,496.20. The power company is said to have conducted an impromptu power unit check on homesteads and identified several nonpayers to the electricity consumed, says Tanzania’s Bongo 5. On the official website of ...

Read More »

Japan To Help India Build Nation’s First Bullet Train

On his India’s three-day visit the Japanese Prime Minister Shinzo Abe has agreed to provide $12 billion of soft loans to help building up the country’s first bullet train. The two nations also yielded deeper defence ties as well as plan for civil nuclear cooperation. Strengthening the relations further the Asia’s second and third largest economies are seeking to balance ...

Read More »

Tanzania’s Telecom Revenues Growing Rapid Speed, To Reach $1.3b: Pyramid Research

Dar es Salaam – A new data released recently by Pyramid Research reveals the telecom market in Tanzania is growing rapidly and to reach nearly $1.3 billion this year in terms of revenue. The research adds mobile voice services will be the major revenue contributor in near future and it is estimated to generate a revenue of $845 million. The ...

Read More »

Kenya’s Exports To Tanzania, Uganda Declines To Worst Level

Nairobi – The exports of Kenya to Tanzania and Uganda have dropped drastically and it is indicated the two countries are buying goods from elsewhere. Tanzania and Uganda were the key destinations for Uganda in terms of exports of goods in 2014 in the region but the volume has reduced sharply this year. The worst affected is exports to Tanzania ...

Read More »

Upcoming Power Plant To Help Government Export Electricity

Dar es Salaam – Tanzania is expected to export electricity in near future to several other countries in the region. US-based Symbion Power LLC is constructing a power plant in Mtwara and is seeking partners for the $1.3 billion project. Symbion CEO Paul Hinks said Friday the upcoming power plant will be powered by gas and to produce 600 MW ...

Read More »