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Category Archives: Tanzania News
SA mining industry sees a turnaround in financial performance amid a challenging operating environment
2017 was another challenging year for South Africa’s mining industry in light of a decrease in dividends and market capitalisation, various retrenchments across the industry, and marginal increases in taxes paid. However, spot price increases for bulk commodities supported the industry and resulted in a return to profitability after the first substantial increase in revenues in five years. These are some of the highlights from PwC’s ninth edition of SA Mine, a series of publications that highlights trends in the South African mining industry released by PwC.
Having established firmly in West Africa with agents across three countries, QNET is set to shake the entrepreneurship environment in East Africa –starting with Tanzania. The company which is flourishing in a midst of a larger global direct selling sector and providing a range of products cutting across home care, jewellery, cosmetics, and personal care, is aimed at synergizing with a local agent in Tanzania. The agent will serve as the mediator between QNET, its Independent Representatives (IRs). The agent will aid customers with their enquiries, delivery of products, and offer the opportunity for customers to see online products in person and assess it prior to purchase. While engaging in that trade to provide quality customer care to clients, QNET will also be focusing on providing entrepreneurship opportunities for many young people through direct selling and providing online education courses. The company’s Board of Director’s advisor, Mr. David K Sharma, reemphasized that QNET is keen to collaborate with the local government in achieving this goal.
The Outlook is a comprehensive source of analyses and five-year forecasts of consumer and advertising spending across five countries
What do Africans really think about the grandiose education projects, promoted by outsiders, that promise to transform their lives? In a special debate at this year’s eLearning Africa conference, we will find out.
Emerging Market Power (EMP) recently shared a positive news on the progress of the development of two wind projects across Tanzania, with construction expected to commence in 2019.
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
Access Power (“Access”), a developer, owner and operator of renewable power projects in emerging markets in partnership with EREN Renewable Energy (www.EREN-Groupe.com) a global independent power producer, are delighted to announce the three winners of the 2017 US$7 million Access Co-Development Facility (ACF) – an innovative funding and support platform for renewable energy projects in Africa.
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.