Tanzania to honour Adani Group contracts
Tanzania has affirmed its commitment to honouring existing contracts with an Adani Group unit.
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Tanzania
Russia eyes joint projects with Tanzania in key sectors
Russian business is keen on joint projects with Tanzania in tourism, energy, and agriculture, according to Russian…
Chinese investment boosts African energy sector
Chinese foreign direct investment (FDI) in Africa surged to $21.7 billion in 2023, largely driven by initiatives…
China’s Shenghe to acquire 50% in Tanzanian project
Chinese miner Shenghe Resources will acquire a 50 stakes stake in a UK-based firm holding 84% of the Ngualla rare…
Egypt remains Africa’s top investment destination – UNCTAD
Egypt has been named Africa's top destination for foreign investment for the second consecutive year, according to…
Bank of Tanzania keeps rates unchanged
The Bank of Tanzania kept the key rate unchanged at 6 per cent for the quarter ending September 2024. This decision…
S. Korea-Africa summit boosts economic collaboration
Nearly 50 deals and agreements have been inked during South Korea's inaugural summit with leaders from 48 African…
S. Korea inks multi-billion-dollar loan deals with Tanzania, Ethiopia
South Korea's summit with African leaders is resulting in major economic deals, as Tanzania and Ethiopia signed…
Africa’s economies to grow 3.7% in ’24, 4.3% in ’25 – AfDB chair
Africa's economic growth is poised to accelerate to 3.7 per cent this year and 4.3 per cent next, up from 3.1 per…
Tanzania raises interest to 6%
Tanzania's Monetary Policy Committee (MPC) increased the central bank rate (CBR) from 5.5 per cent to 6 per cent
