Browsing: Tanzania

According to the company’s East Africa General Manager, Ivan Mbowa, doing business in Tanzania for the fintech lender is currently on hold until further notice.…

Bowmans Law firm, a leading pan African legal entity specializing in business deals, merger and acquisitions (M&A) is set to launch its base in Ethiopia and Mauritius at the beginning of October 2019. The move is seen as an expansion of the company to two countries where FDIs have remained high coupled with financial growth.

Bowmans is opening a fully-fledged office in Mauritius, having joined forces with FirmWise, a local firm that specialises in corporate law, mergers and acquisitions, banking and finance, investment funds, tax, compliance and private equity.

Robert Legh, chairman, and senior partner, says ‘This move, which is effective from 1 October 2019, is an investment in the ambitions and success of our clients across Africa. Mauritius and Ethiopia are key jurisdictions for many of our clients and our presence on the ground there will help us to better support them.’

The law firm already has a presence …

It has been such a pleasure to meet and interview Hadija Jabiri, founder of GBRI (EatFresh Tanzania). I have discovered a very humble, strong and resilient lady who, I’m sure, will arrive much further than where she has already arrived. Thank you, Hadija: the conversation with you has inspired me in many ways.

Why did you choose the horticulture sector and how did your business start?

I never thought to start a farming business: I have always looked at farming life like something not attractive and none in my family is engaging in agriculture. I just decided to get into it because I realized it would have brought back a good return on the investment: someone can decide whether to buy or not a t-shirt, but he/she will definitely need to eat. So let’s say that my main driver was money, but if I have to describe how …

KCB Group is seeking to deepen its new women proposition, committing billions of shillings towards funding women owned and women run enterprises.

According to the bank, the drive is meant to strengthen its diversity and inclusivity focus as part of its sustainability agenda by simplifying financial inclusion for women.

The programme dubbed ‘Women Value Proposition’ has seen the bank disburse loans worth Ksh7.1 billion (US$68.9 million) to 1,400 women to date, KCB said in its current Sustainability Report.

It is aimed at increasing credit facilities to women alongside, providing them with technical and non- financial support.

READ ALSO:KCB commits Ksh10 million for Afro-Asia Fintech Summit

The initiative is in line with KCB Sustainability 10-point action plan on diversity and inclusion. This pillar aims to incorporate gender diversity as part of its strategic initiative to ensure that we encourage more women to take up key roles in business ventures.

“KCB …

Silafrica, a leading packaging supplier to East Africa and surrounding regions and trusted supplier to some of the largest food and beverage brands like Pepsi, Coca-Cola, Diageo, Heineken, Unilever, and others, has become the first African-based company in the packaging industry to join the Pledge 1% movement.

Pledge 1% is a global movement that encourages and empowers companies of all sizes and stages of growth to give one percent of either their profit, equity, staff time or product to any charity of their choosing.

This global campaign is dedicated to creating a new normal, whereby giving back is integrated into the DNA of companies, regardless of their size. Comprised of more than 8,500 companies in over 100 countries, it encourages and challenges these companies to pledge one percent of equity, profit, product and employee time to their communities.

With headquarters in Nairobi, Kenya it has manufacturing hubs in Kenya, Tanzania, …

The Standard Gauge Railway (SGR) project, is a railway under construction in Tanzania which was seeded in 2016, linking the country’s strategic regions and neighboring countries including, Rwanda, Uganda, Burundi and the Democratic Republic of Congo (DRC), the anticipated project with the line length of approximately 1,800 kilometers, intends to revolutionize mobility and distribution of commodities in Tanzania, through replacing the ineffective meter-gauge railway system.

The Turkish (Yapi Merkez)  contractor, is on the clock to bring to life the awaited transportation machine that, might transform Tanzania’s economy (for starters; production, labor supply, and consumption). Tanzania Railway Corporation (TRC), the state-owned railway company, oversees a strategic railway network of 2,561 kilometers length, of which is a 112-year-old German colonial transportation remnant. Running from Dar es Salaam (nation’s
business hub) to Kigoma, then having a north-south connection Korogwe to Ruvu. More than USD 1.2 billion has been attached to the project, which …

A region in Tanzania that focused on improving obstetric care services potentially averted an estimated 2,100 maternal deaths between 2011–2018, according to data released by the CDC Foundation. The data include the results of treatment provided by all emergency obstetric care facilities in the Kigoma Region, where maternal deaths were among the highest in Tanzania, a nation which has the sixth-highest number of maternal deaths in the world.

The Maternal and Reproductive Health in Tanzania Project began in 2006 as a collaborative effort with the Tanzanian government to prevent maternal deaths and increase access to emergency obstetric care and other reproductive health services by upgrading health facilities and training health workers. The CDC Foundation has supported the U.S. Centers for Disease Control and Prevention (CDC) in monitoring and evaluating the program since 2010.

The new data released by the CDC Foundation provide new information related to maternal mortality and …

Tanzania suffers from an extreme shortage of electricity access standing at 32.8 per cent of its 57 million people.…

Jervois has completed its merger with eCobalt after receiving eCobalt’s nod from its Canadian shareholders and Supreme Court of British Columbia approvals. According to a joint announcement, following the successful completion of the Arrangement, all conditions precedent have been met and settlement of the A$16.5 million equity placement in Jervois has occurred.

The expanded company has projects in Australia, East Africa, and the US, including eCobalt’s Idaho Cobalt project, which boasts the highest combination of cobalt grade and scale in North America.

The acquisition of M2 Cobalt gave Jervois an entry into Uganda, complementing its East African strategy looking at opportunities around the historic Kilembe mine and Kasese cobalt refinery.

Idaho Cobalt Project has been renamed Idaho Cobalt Operations (“ICO”) to reflect its advanced stage of development and Jervois’s intention to transform the site into a mining operation. The site has had an estimated US$100 million invested to date in …

Tanzania is consistently hindering East Africa’s integration by its aggravated actions in dealing with its neighbours…