Arusha Archives - AfricaBusiness.com

14Aug

By Africa BusinessNo Comments

Energy, Tanzania News

d.light closes USD$125M funding through a securitization facility to meet growing demand for off-grid solar products in Tanzania

New funding brings total potential in securitized financing raised since 2020 to USD$490M d.light, the global provider of transformational household products and affordable finance for low-income households, today announced a $30 million securitization facility has been successfully secured from the Eastern and Southern African Trade and Development Bank Group (TDB Group), with the capability to purchase up to $125 million of receivable assets. d.light will use the capital to increase its existing securitized financing facility in Tanzania and scale up its low-cost Pay-Go personal finance service in the country so that more low-income people and households can purchase the company’s affordable, solar-powered household products. d.light has now raised $490 million in total securitized f...

Top Tips to Grow Your Restaurant Revenues in 2020

The global restaurant business might lose about $600 billion in consumer spending in 2020, representing a 25%-30% loss of sales compared to 2019, according to figures released by Technomic. While the coronavirus pandemic can be blamed for this to a large extent, there are some things that you need to do to start your road to recovery. Africa has begun to loosening restrictions, allowing restaurants to start collections and deliveries. To inform customers that your restaurant in Dar Es Salaam is open for business and follows the strictest hygiene measures, consider updating the information on a leading Tanzania business directory, say experts at Whizz Tanzania. You can also announce happy hours, couple discounts or ladies’ nights on the most popular Dar Es Salaam business directory to attra...

IBM Supports Accelerated Adoption of Technology in Tanzania

DAR ES SALAAM, Tanzania, July, 2012 /PRNewswire/ -- IBM (NYSE: IBM) today (July 4) signed a collaboration agreement with the Tanzanian Ministry of Communication, Science and Technology to help accelerate the adoption of technology as part of Tanzania's ongoing development and strategy to increase its competitiveness in East Africa. (Logo: http://photos.prnewswire.com/prnh/20090416/IBMLOGO ) IBM will work with the Tanzanian Government to help achieve its vision of becoming a hub for trade in the wider East Africa region and to enhance sustainable economic development as outlined in the Tanzania National ICT Policy. "This agreement supports the goals of the National ICT Commission to use innovative technologies and approaches to transform our infrastructures, build national data...