Tanzania

Tanzania News

  • Ghana Plans to Sell as Much as $1 Billion in Eurobonds

    Updated 3 hours, 6 minutes ago

    Ghana, the first sub-Saharan African country outside of South Africa to sell Eurobonds, plans to seek as much as $1 billion in a second offer in July, the country’s Finance Ministry said.

  • Congo, Rwanda Must Commit to Peace for World Bank’s $1 Billion

    Updated 1 hour, 31 minutes ago

    World Bank President Jim Yong Kim said the lender’s $1 billion pledge to Africa’s Great Lakes region obliges countries including the Democratic Republic of Congo and Rwanda to adhere to a peace accord signed in February.

  • Wall Street, Power Women Meet on Fifth Avenue for Water

    Updated 1 hour, 23 minutes ago

    The Fifth Avenue apartment offered a fine and high-priced view of Central Park, lush with May greenery.

  • Tanzania Cotton Output May Drop 30% as Prices Discourage Growers

    Cotton output in Tanzania, Africa’s fourth-biggest producer of the fiber, may drop 30 percent this year after lower prices discouraged growers and pesticide distribution was curbed, the Tanzania Cotton Board said.

  • Barrick Weighs Shrinking to Add Profits: Corporate Canada

    Barrick Gold Corp., the biggest miner of the metal by sales, is considering shrinking in size as the company focuses on returns over production volumes, Chief Executive Officer Jamie Sokalsky said.

  • Tanzania Plans to Boost Port Volumes by 80% by Adding Railways

    Tanzania plans to boost cargo volumes by 80 percent over the next two years at the Dar es Salaam Port by adding railway links and upgrading facilities to improve efficiency, Transport Minister Harrison Mwakyembe said.

  • Vodacom Plans Purchases In Three Countries by End of 2014

    Vodacom Group Ltd., South Africa’s largest wireless operator, plans to begin operating in three additional countries by the end of 2014 as it seeks to bring data services and smartphones to new markets.

  • MORE: Vodacom to Start M-Pesa in Markets Outside S. Africa: CEO

    Co. will introduce mobile-banking platform in Mozambique, Lesotho, CEO Shameel Joosub says in interview in Johannesburg. * M-Pesa will one day contribute 15% of group revenue: CEO * Will reintroduce M-Pesa in S. Africa under new model in coming months: CEO * Co. Looking at small bolt-on acquisitions: CFO tells presentation *NOTE: Vodacom FY profit gained 23% in yr to end March *NOTE: M-Pesa already in use in Tanzania, Congo *NOTE: Vodacom in talks to buy Tata Communications’ Neotel unit, a person familiar with the talks said May 17 Link to Company News:VOD LN <Equity> CN <GO> Link to Company News:VOD SJ <Equity> CN <GO>

  • Beermaker EABL Overbought After Best Kenyan Rally: Nairobi Mover

    East African Breweries Ltd., Kenya’s best-performing stock over the past month, is poised to end a 29 percent rally that valued the nation’s biggest company at double that of the benchmark index, according to Contrarian Investing Kenya Ltd. and technical indicators.

  • Tanzania May Raise Up to $2 Billion in Eurobond Sale

    Tanzania may sell as much as $2 billion of Eurobonds after obtaining its first sovereign credit rating by the end of September, Deputy Finance Minister Janet Mbene said.

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