Business

China’s Exim Bank Sanctions Loan For Tanzania Rail Construction

China’s Export-Import Bank (Exim) has sanctioned $7.6 billion loan to Tanzania as a fund for constructing railway link that would connect Burundi, Rwanda and Democratic Republic of Congo. President John Magufuli announced the funding after securing loan following a meet with Exim Bank’s president Liu Liang, who said to be providing technical support to the country. He didn’t provide any ...

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Tanzania Pulls Out Of EU Partnership – TEXIT

England has pulled out itself from the European Union and lately Tanzanian authorities have announced to be pulling out of EU sponsored Economic Partnership Agreements (EPAs). The EPAs allowed East African Community (EAC) member countries to directly trade with the EU countries. Tanzania has become the first in the region to pull out of it. The country has second largest ...

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Nokia, Vodacom Partnership Begins 4G Services In Dar Es Salaam

Dar es Salaam – Nokia and Vodacom have started offering 4G to the mobile subscribers in Dar es Salaam. The two companies have again demonstrated strong partnership. Nokia and Vodacom entered into partnership in Tanzania 16 years ago during the initial phase of mobile telecommunication in the country. Vodacom TZ GM Ian Ferrao said the two companies have invested huge ...

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Government To Switch-Off All Counterfeit Mobile Devices After June 16

Dar es Salaam – The government has made it clear would not be extending the date of switching-off of all the counterfeit mobile devices in the country. June 15, 2016, will be the last day for the operation of such electronic equipments, said the Minister for Works, Transport and Communication, Professor Makame Mbarawa. From the stroke of the First Hour ...

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Hotel Industry In Dispute With Ngorongoro District Council Ahead Of Tourist Season

Ngorongoro District Council is in war with several hotels over Tsh2 billion in service levies, which is 0.3 percent of net turnover. According to the council the levies are to be paid by the hotels by May 25. If any hotel fails to abide by the last date of paying, court action could be faced. The council chairman Mathew Siloma ...

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Malawi Arrests 13 Tanzanians For Illegal Transport Of Goods

Sixteen people have been arrested and a 40 horse power Tanzanian engine boat too has been confiscated by Malawi Police in Karonga alleged illegal transportation of goods from the country. According to Karonga Police Station Officer Roderick Mpeta the arrests and confiscation happened in the early hours of Friday at Mufwa Lodge. Thirteen of the arrested are Tanzanian nationals and ...

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Rwanda Opts Tanzania For Kenya In Developing Rail Links

Rwanda Finance Minister Claver Gatete said developing of proposed rail links through Tanzania to ports on the Indian Ocean would be cheaper and shorter compared to the Kenya route. According to studies the Tanzania option to cost somewhere between $800 million and $900 million where as the Kenyan route to cost $1 billion. Gatete said, “We are working on the ...

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