Tanzanian Fintech Firm Eyes a Piece of Kenya's Sh420 Billion Remittance

Posted on :Wednesday , 17th August 2022

Tanzanian payment financial technology (fintech) firm Nala been on the upswing since it secured pre-seed funding from Accel in year 2019, with which it built a mobile money service for East Africa. Then last year it raised $10 million more and has now set its target higher in the lucrative remittance market.

It is now eyeing a bigger piece of Kenya's Sh420 billion inflows, mo. . .

Tanzania 8th among Top Investment Destinations in Africa, Survey Indicates

Posted on :Thursday , 28th July 2022

International professional services firm Deloitte recently released the 2022 edition of its Africa CEO Survey that shares the perception of African private sector leaders on key issues and challenges, and documents and analyzes their approach to a series of fundamental aspects of their business model.

The survey collects data and perceptions from 194 CEOs, operating in over 5. . .

Tanzania, China Bolster Diplomatic Trade Ties

Posted on :Friday , 1st July 2022

AS trade relations between Tanzania and China continue to grow, the former is planning to open up another consulate in China's financial hub-Shanghai.

Already, Tanzania has a consulate in Guangzhou, which is operating under the coordination of the Embassy situated in Beijing which is the administrative capital of China.

This was revealed on 20th June 2022 b. . .

Tanzania Exports Up by 20% in YE March 2022, Tourist Arrivals Almost Doubled

Posted on :Friday , 1st July 2022

The Bank of Tanzania (BOT) Monthly Economic Review-April 2022 reveals that the country’s exports of goods and services increased to USD 10,214.6 million during the year ending March 2022.

This is +20.14 percent higher than US$ 8,502.1 million in a similar period in 2021.

Improvement in exports was noted in both traditional and non-traditi. . .

Tanzania Government Signs Natural Gas Deal with Shell and Equinor

Posted on :Monday , 27th June 2022

The Government of Tanzania has signed a liquefied natural gas (LNG) framework agreement with energy giants Equinor and Shell, Reuters reported.

The signing of the deal will expedite the start of the construction of a $30bn LNG export terminal.

The deal is expected to pave the way for a final investment decision on the $30bn LNG export terminal by year 2025,. . .