Market News
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Trading steeply up at Dar stock exchange
Posted on :Wednesday , 2nd September 2015
The Dar es Salaam Stock Exchange (DSE) experienced high traffic from both local and foreign investors resulting into a turnover of 29.89bn/- compared to 1.74bn/- of the previous week.
According to Zan Securities Limited Weekly Wrap Ups, Tanzania Breweries Ltd (TBL) and CRDB Bank Plc emerged as the week’s top traded equities contributing about 84.20 perce. . .
German lender to give Tanzania SMEs 42bn/- financial support
Posted on :Wednesday , 2nd September 2015
EXIM Bank Tanzania has signed a USD 20 million (about 42bn/-) loan pact with Germany’s private enterprise lender, Deutsche Investitions und Entwicklungsgesellschaft MBH (DEG) to support small and medium-sized enterprises (SMEs).
Exim Bank Chief Finance Officer (CFO), Mr Selemani Ponda, said the money, in the form of a senior loan will be disbursed in two. . .
Sumac secures $1 million loan as it prepares for cash call
Posted on :Monday , 31st August 2015
Sumac Microfinance Bank has secured a $1 million (Sh100 million) loan from a European investment firm for onward lending to small businesses. The cash was loaned by the Regional Investment Fund for Micro, Small and Medium Enterprises in sub-Saharan Africa (Regmifa), a Luxemburg-based fund that invests in small lenders in sub-Saharan Africa.
The three-year loan is pa. . .
LG to invest Sh100million in regional expansion
Posted on :Monday , 31st August 2015
LG Electronics has announced it will expand its branch network in the eastern African region to improve the availability of its products and services for a growing client base.
LG is investing approximately Sh100 million in the first phase of this expansion that will see 25 additional retail outlets opened in Kenya, Uganda, Tanzania, Ethiopia, Sudan and Zambia by end of this year. Ken. . ..jpg)
Ugandans urged to do more cross border trade in EAC
Posted on :Monday , 31st August 2015
Ugandans should take advantage of the East African Community integration to do more cross border trade, the undersecretary in the Ministry for East African Affairs has said.
Daniel Mugulusi said it is now easier to do trade among regional countries since Ugandans only require a national identity card to be able to access markets in neighbouring countries. . .Please Select an Option
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