Business

Gold Mining Acacia to Add Job, Business Opportunities for Tanzanians

acacia tanzanian job

Acacia Mining will be adding more job opportunities for the people in Tanzania and some good business deals for local suppliers with its plans of relocating the core business functions to the country by mid next year. In a released statement company revealed about plans of relocating supply chain, sales and payroll, mainly based in Dar es Salaam or in ...

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Air Tanzania to Lure Indian Tourists with Direct Flights Starting This November

Air Tanzania

This November Air Tanzania could resume its services to the south Asian country India. In the 1990s it had direct flights to India but later commercial reasons were cited and services were stopped. Similarly Air India had direct flights to African country then and the reasons for stopping were the same. According to Tanzania Tourist Board Managing Director Devota Mdachi ...

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Ethiopia Opens Shared Border With Eritrea After Two Decades

Ethiopia Border Eritrea

Ethiopia and Eritrea reopened their shared border point Tuesday after twenty long years to help boost trade between the two nations. Ethiopia Prime Minister Abiy Ahmed signed a formal declaration of peace earlier this year with counterpart Isaias Afwerki. Abiy’s chief of staff, Fitsum Arega, tweeted the reopening has created a frontier of peace and friendship. Both the leaders visited ...

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More Chinese Private Companies Eyeing to Invest in Africa

china africa business

Chinese companies are seeking for more businesses in Africa and a recent data reveals trade between the two regions reached 170 billion USD in 2017, which is a rise of 14 percent compared to a year ago. Sino-Africa economic summit held Thursday in Hangzhou in east China’s Zhejiang Province were attended by hundreds of representatives from private companies, research institutions ...

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Tanzania to Install 300 Solar Mini-Grids by 2022

solar grid

Jumeme Rural Power Supply Ltd will soon build up two solar facilities 1 MW PV mini-grids in the country as a part of its Micro Power Economy. A tender has been issued mentioning the grids are to be located in Sumbawanga town, Rukwa Region, and Mpanda town, Katavi Region Africa Enterprise Challenge Fund (AECF) will be financing the projects and ...

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Tanesco To Pay $148m To Standard Chartered Losing Appeal In Contract Breach

tanesco

Standard Chartered Bank won its appeal against Tanzania Electric Supply Company (Tanesco) over a breach of power contract and the country now is directed by Washington-based International Centre for Settlement of Investment Disputes to pay $148.4 million. The appeal was first made in 2001 citing a power purchase agreement was made between Tanesco and Independent Power Tanzania Ltd (IPTL) in ...

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Standard Chartered Top Boss To Visit Tanzania To Enhance Business

Standard Chartered bank

Standard Chartered Bank’s Group CEO will be on a visit to Tanzania to see progress of the bank’s offices in the country and meet stakeholders to explore further ways of enhancing businesses. A statement released by the Standard Chartered Bank Tanzania Limited reveals Bill Winters’ tour to the country is part of his regular visits in the region and he ...

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