Market News
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Tanzania economy grows 7.9pc in second quarter
Posted on :Saturday , 1st October 2016
Tanzania's economy grew 7.9 per cent in the second quarter of 2016, compared to 5.8 per cent during the same time last year, the state-run National Bureau of Statistics said on Thursday.
"The growth of GDP in the second quarter was driven by mining, manufacturing and energy sectors," Albina Chuwa, the director general of the bureau, told a news confe. . .Tanzania: IT Firm Comes Up With New Products to Boost Digital Inclusion
Posted on :Thursday , 29th September 2016
Ericsson has introduced new software and hardware products to help mobile network operators to boost digital inclusion in the country.
The new products will help mobile network operators to provide high quality service to unconnected population particularly in the rural areas.Ericsson KAM-Millicom Africa, Mr Frode Dyrdal, said i. . .Tanzania: Q400 Manufacturer Upbeat On Its Planes Versatility
Posted on :Thursday , 29th September 2016
The Q400 planes manufacturer, Bombardier Inc, has commented that Tanzania is set to boost air travel after purchasing the "extremely efficient and cost effective planes" also preferred by developed countries.
The national carrier, Air Tanzania Company Limited (ATCL), in recent times, remained a mere spectator as both gigantic and medium-sized airline. . .Tanzanian mortgage market registers high growth rate
Posted on :Monday , 26th September 2016
Tanzania's mortgage market registered a significant growth rate of 29 percent during the second quarter of 2016 compared with 4.2 percent in the first quarter, the country's Central Bank said Friday.
The Bank of Tanzania (BoT) also said in its mortgage market update ending June 30, 2016, that more lenders were offering mortgage products in the East African nat. . .Fund to back China's E. Africa investment
Posted on :Saturday , 24th September 2016
The China-Africa Development Fund said on Thursday that it was poised to strengthen its investment efforts in the East Africa Community region with the establishment of its representative office in Nairobi, Kenya.
The office, based in Nairobi, is the fifth in Africa after others in South Africa, Ethiopia, Zambia and Ghana. It is specially designed to cater to . . .Please Select an Option
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