Author: Giza Mdoe

Barely three months after opening its doors in, NCBA Bank Tanzania Limited has launched two new branches in Mwanza. The move serves to take their banking and financial services closer to an area that is largely underserved. Strategically situated on the shores of Lake Victoria, Mwanza City is home to 13 fish processing factories that process about 1,065 tonnes of fish per day, a great investment opportunity for a bank. “We are all aware that the development of SMEs is the central component of economic growth, especially in the fishing, mining and agricultural sectors as they provide employment opportunities to…

A glimpse at Donald B. Kipkorir  At 52 years old, Donald B. Kipkorir is one of the continent’s richest and influential men. His USD4000 suit and fleet of Mercedes Benz’s say it all, not to mention the mansions that dot Kenya’s richest estates. Interestingly enough, the rich lawyer at first wanted to be a priest and word has it that he, at a point in his life, even went to a seminary. The third born in a family of nine Kipkorir once told Business Daily that he lived all his childhood in a mud-thatched hut all the way up to…

Oil and Gas Let’s say you are one of the business spirited types and you got wind of a new road and a weighbridge station to set up. Your entrepreneurship senses spike up, you start your research on what the demand of the area is and you get ready to set up shop. Oil & Gas: Tanzania losing investors One month, two months, three months…one year pass, the road works have not started, talks amass but no groundwork, do you think you will still want or even have the resources to set up that shop, one year down the road?…

The Intra African Trade Fair (IATF2021) is expected to be a grand event that comes in the backdrop of very optimistic forecasts for the automobile industry in Africa. To be held next year in Kigali, Rwanda, from 6 – 12 September 2021, the IATF 2021 is a major trade event, that serves to boost sells of vehicles and related parts across the continent. The event will provide a unique and valuable platform for businesses to explore a single integrated African market of over 1.3 billion people with a combined GDP of over US$2.5 trillion. Thanks to increased regional value chains,…

When Covid-19 hit the World, the West assumed that Africa, poor, dirty Africa, will be washed down the drains, through filthy open sewage ways and into the depths of the Earth, again they were wrong about the Motherland. One of the World’s richest men, Bill Gates, predicted that ten million lives would be wiped out by the virus. The assumption was that Africa will not be able to respond appropriately and fast enough, hell, how could they, after all the US and all of Europe had failed. However, Africa proved all of them wrong, Africa was fast, Africa was precise and…

Here, you will get information about Oil price by month Oil price by month It is good news for motorists as the energy sector pundits predict oil prices will decrease significantly in October. As a matter of fact, the drop in oil prices may even have been much lower had it not been for the strengthening of international petroleum prices. In South Africa, you have experts saying the prices will drop despite Rand’s poor performance against the US dollar. In fact, SA media quotes data published by the Central Energy Fund (CEF), that indicated that the price of petrol will…

Kenya Extends Curfew, Updates you should Know! Kenya has extended the ongoing COVID-19 curfew for another two months. Making the announcement before press at the start of the week, Kenya’s President Uhuru Kenyatta said the nationwide curfew is intended to curb the spread of coronavirus. Not only has the length of the curfew been pushed forward 60 days but also the day to day curfew hours have also been extended. The curfew hours will now run from 11pm to 4 am having been extended from the previously 9 pm-4 am. President Kenyatta went on to explain that even though there…

The 8th Angel Fair Africa (AFA) will be held on 5th November 2020 in which the selected Africa tech ventures will pitch before a room of female and male investors. The event gives entrepreneurs a chance to pitch their ideas to a host of investors from various sectors of the economy. This year’s AFA will be held virtually and it is only rightly so since the event is themed “The bold new normal in the new normal” doing deals in a virtual environment. Having already amassed and distributed capital in the excess of USD 23 million in just 7 years since its inception in 2013, Angel Fair…

What Housing Act? Asks SA’s former Housing MEC  In a most bizarre turn of events, the now-infamous Mosebenzi Zwane, former Free State human settlements MEC told a panel of jurors that he did not know the country had a Housing Act. Mr. Zwane, baffled the commission and the world at large after he denied any knowledge of the existence of South Africa’s Housing Act, despite him running the government housing sector for one whole year. Mr. Zwane is defending himself in a hot corruption scandal regarding ‘irregular use of funds and unlawful contracting processes in the Free State 2010 housing…

BRT Tanzania With several 100 million dollars in investment, the Dar es Salaam Bus Rapid Transit System (BRT) is an infrastructure that deserves as much awe as any other in the world. The investment involves some19.3km of roadways traversed by over 100 buses. It has27 bus stations built with such style and elegance they do indeed give the city a facelift so to speak. More than the aesthetic function, the infrastructure has indeed transformed the port city of Dar Es Salaam from the usual narrow roads dotted with vendors to 6 lanes and pave ways for passengers, it looks good.…