Category Archives: Tanzania News
Xpress Money and TerraPay partner to enable real-time international money transfers to mobile wallets in Africa
- Initial service rollout includes remittances to all mobile wallets in Tanzania and all mobile numbers in Nigeria
Xpress Money, one of the world’s most dependable money transfer brands has partnered with TerraPay, the world’s first mobile payments switch, to enable real-time international money transfers to mobile wallets in Africa. Powered by TerraPay’s global clearing and settlement service for mobile wallets, the partnership will make it faster and convenient for Xpress Money consumers to send money to mobile accounts, in real time.
South Africa’s hospitality sector is poised for further growth in the next five years bolstered by inbound travelers amid a difficult and volatile economic climate.
The deal will see SSP Pure Insurance deployed as a single flexible, end-to-end core insurance solution across Resolution Insurance’s operations in Kenya and Tanzania, with local account management support from the Kenyan office
Power Africa attended the Africa Energy Forum (AEF) to further advance its goal to increase energy access and power generation in sub-Saharan Africa. Through grant signings, facilitated events, and targeted meetings with government and private sector partners, Power Africa plans to further increase the number of transactions that have reached financial close. Currently, the 76 projects that have reached this status are expected to generate over 7,107 megawatts (MW) since the initiative’s 2013 launch.
Three African renewable energy projects announced as winners of the US$7million Access Co-Development Facility competition
The three winning projects, hailing from Tanzania, Rwanda and Ghana, were selected from a technologically and geographically diverse pool of 82 entrants from 23 countries after having presented to a live panel of industry expert judges. The panel based their final selection on the commercial, technical and environmental merits of the projects presented, as well as the local regulatory environment and capability of the project teams. The winners will share the US$7 million pot provided by the Access Co-Development Facility as well as technical support and expertise.
THENERGY ANALYSIS: Solar-diesel and Wind-diesel Microgrids for Off-grid Mines Gain Momentum – New Projects Expected
Two recent project announcements show that renewables are an attractive solution for improving mining companies’ energy cost positions.
DoubleTree by Hilton, Stone Town Zanzibar, Tanzania. Interview with Josour Magazine Monthly & Online
These are exciting times for DoubleTree by Hilton in Tanzania and of course Zanzibar, share with us some of your experience in this emerging destination.
A team from the International Monetary Fund (IMF), led by Mauricio Villafuerte, visited Tanzania from April 3-13, 2017 and held discussions with the authorities on the sixth review under the Policy Support Instrument (PSI) program that was approved on July 16, 2014.
Mikono Expo Group will Host the Dar Construction Trade Expo and the East Africa Smart Building Summit 2017 in Dar es Salaam,Tanzania!!
Tanzanian based company Mikono Speakers under her sister company Mikono Expo Group, which operates in Tanzania, South Africa and other African nations, is hosting the Dar Construction Trade Expo 2017. This esteemed event will take place along with the East Africa Smart Building Conference. More than 200 exhibitors from Africa and all over the world will participate and the conference is expected to attract more than 1000 Industry stake holders in Dar-es-Salaam, Tanzania at the Julius Nyerere International Convention Centre (JNICC), from 17th-18th August 2017.
Report from UK-based Exotix Partners in collaboration with the Kenya-based Equity Investment Bank have it that Tanzania has a bright economic outlook – adding up to IMF economic forecast for Tanzania. The report highlights that the current anti-corruption and anti-tax evasion drive by the President, HE John Magufuli, might look disruptive in the short term but will do the country a greater favour in the long term. The report said “this reformist agenda has proved painful but should these policy actions be sustained they could act as a long-term positive catalyst for the efficiency of Tanzania’s public sector institutions.”
Tigo Tanzania (www.Tigo.co.tz), in partnership with a non-profit organization, Reach for Change (http://Africa.ReachForChange.org), has given an award of USD 20,000 each to two winners of the 5th edition of the Tigo Digital Changemakers Competition. The competition aims at identifying and supporting social entrepreneurs who use digital tools and technology to improve communities and impact future generations. In addition to a substantial financial grant, winners are provided with access to Tigo and Reach for Change Incubator Program, which provides them with advice, expertise and access to global networks, enabling them to build financially sustainable social enterprises that create lasting, large scale change to the community.
The United Republic of Tanzania (Tanzania) has recorded an annual average growth rate of more than 6% over the past decade and is on course to maintain a robust growth rate of over 6.5% going forward. Despite global economic and financial uncertainties, the economy has been able to achieve these consistent growth rates coupled with a low inflation rate, driven by activity in sectors such as mining, energy, construction and manufacturing.
Opportunity to gain knowledge about Global Practices on Islamic Finance