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Market News

  • Tanzania: India Set to Fund Water Projects

    Posted on :Wednesday , 7th September 2016

     Dodoma — The government of India has agreed to provide a 500 million US dollars (1.094 trillion/-) concessional loan to finance water supply projects in 17 councils in Tanzania, the National Assembly was told here yesterday.

     
    The Deputy Minister for Water and Irrigation, Engineer Isack Kamwele, told the House that the funds acquired from the development p. . .

  • Africa: Dar Committed to Improve Investment Climate - PM

    Posted on :Saturday , 3rd September 2016

     Prime Minister Kassim Majaliwa said that government's decision to host the Investment Climate Facility for Africa (ICF) in Tanzania was part of a wider strategic drive to improve the country's investment climate and demonstrate it is open for business.

     
    "By hosting a Pan-African organization and leading by example in investment climate reform, we could dem. . .

  • Tanzania: Arusha Tenants to Enjoy Mlimani City Apartments As Firm Expands

    Posted on :Friday , 2nd September 2016

     Dar es Salaam — Mlimani City is expanding its footprint amid reports that the mall is currently operating at 100 per cent occupancy.

     
    While the firm is expanding its current facility in Dar es Salaam, it will also soon build a property in Arusha, according to a top official.
     
    The property was developed in 2004 by a Botswana-b. . .

  • Africa: Mkapa Urges Stronger Ties With the Private Sector

    Posted on :Friday , 2nd September 2016

     Dar es Salaam — Former President Benjamin Mkapa has said African governments must work harder to build stronger ties with the private sector.

     
    He said it was high time the widespread notion that successful entrepreneurs were involved in clandestine businesses is dismissed.
     
    Mr Mkapa was addressing a press conference to launch. . .

  • East Africa: Exim Bank Tanzania Assets Top U.S.$3 Billion

    Posted on :Wednesday , 31st August 2016

     Dar es Salaam — Exim Bank (Tanzania) total assets were at $3.3 billion by June 2016 as the bank celebrated its 19 years of doing business.

     
    It started operations on August 15, 1997 and this year management has launched new products to harness its client's trust while also adding to the asset base.
     
    Selemani Ponda, the Tanzani. . .

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