Sunday, November 24African Digital Business Magazine

Tag: Tanzania

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...
Tanzanian startups nominated for TAW final in Ethiopia
Ethiopia News, Startups, Tanzania News

Tanzanian startups nominated for TAW final in Ethiopia

The TAW (Tech African Women) program, launched by the UNECA (United Nations Economic Commission for Africa) in partnership with Betacube, closed its 3-day Tanzanian bootcamp on the 31st of August 2022. The two Tanzanian winning startups were awarded the program's participation prize, with $2,000 for the first winner Ujana. The selection was based on the market potential of each startup idea and was made after a pitching competition in front of a local jury panel representing different actors in the ecosystem. During this closing day of the Tanzanian bootcamp, an award ceremony was organized for the candidates. The two nominees were Ujana, an E-commerce platform for Sexual-Reproductive health supplies (1st prize) and Plate AI (2nd prize), a food app that recommends thousands of healthy foo...
Ethiopia News, Tanzania News, Uganda News

DW Akademie Film Development Fund – Tanzania and Uganda – Applications Open

Promoting film production in the Global South From September 14, 2021, filmmakers from Tanzania and Uganda are invited to apply for film development funding and training offered by DW Akademie. The German media development organization DW Akademie is looking for filmmakers from Uganda and Tanzania who have already made one or more films and would like support in developing their next project. Up to five successful candidates from each country will be selected by separate juries in January 2022 and receive a maximum of 10,000 euros and one year of mentorship to help develop their film ideas. The program will include workshops and skills development by industry professionals mainly from the Global South. These tailor-made trainings will enable the successful candidates to take their projec...
Energy, Green Energy, Kenya News, Startups, Tanzania News

Solar Cow- a Samaritan for the Children in Need

The relief of indigence is the primary goal in bringing about a positive change in the lifestyles of children in Africa. To this day, 1 in every 5 children in Africa is devoid of the right to education owing to child labor. Since electricity is a dire need of people even in the utmost rural areas, many low-income families rely on kerosene lighting and exorbitantly expensive charging stations (taking up to 15% of their monthly income) to meet their energy needs, forcing children to toil hard to contribute to their income. That’s why YOLK invented ‘The Solar Cow’ – one of Time Magazine’s 100 Best Inventions of 2019. It’s a solar charging system installed in schools in the backward regions of Africa, allowing children to charge portable batteries called ‘Solar Milk’ while they attend class an...
Energy, Green Energy, Tanzania News, Uganda News

Greenpeace and Western Anti Africa Energy Groups Take the Wrong Approach to East Africa Crude Oil Pipeline (EACOP) in Uganda and Tanzania

By NJ Ayuk, Executive President of the African Energy Chamber. If someone were to put me on the spot and ask me to name an environmentalist group, I’d probably blurt out the first thing that comes to mind, Greenpeace. There are obvious reasons for this: Greenpeace has been around for more than 50 years, and it has done a masterful job of bringing environmental concerns to the world’s attention and keeping them there. The group has a strong track record when it comes to advocacy and awareness, and it has a global reach. It’s truly one of the most visible non-governmental organizations (NGOs) in the world. And that’s why I see it as significant that Greenpeace’s African division has come out swinging for a major new oil pipeline slated for construction in Uganda and Tanzania. Let me explai...
Energy, Mozambique News, Senegal News, Tanzania News, Uganda News

African Energy Developments Demand Sustained Investment with new projects in Mozambique, Tanzania, Uganda, and Senegal

A recent uptick in direct investment activities in Africa’s energy sector sheds light on the role of sustained investor interest in catalyzing socio-economic growth. In the past twelve months, the African energy sector has seen several encouraging developments – in the form of both Foreign Direct Investment (FDI) and strategic partnerships – that have advanced the sustainable development of its natural resources. In fact, despite a global downturn in investment in 2020, FDI flows to developing economies accounted for 72% of global FDI, the highest share to date. Given the magnitude of Africa’s oil and gas reserves – not to mention its abundant renewable resource wealth – the continent remains a highly attractive market for inbound investment, which is vital for its growth. Take Ugan...
Burundi News, Kenya News, Rwanda News, Tanzania News

GUUD Africa Secures Tender to Work on East African Community Single Customs Territory Solution

- Project first started in 2016 where vCargo Cloud (“VCC”) worked on a Proof-of-Concept (“POC”) platform for the project - Completion of project will see seamless transmission of trade-related documents between participating EAC SCT member authorities. KENYA, 30 March 2021: Singapore’s GUUD (Africa) Pte. Ltd, via its wholly owned subsidiary, vCargo Cloud Kenya Limited., has won the project tender to kickstart official development work on the East African Community (“EAC”) Single Customs Territory (“SCT”) solution. A landmark project for the region, it will be one of the first regional single window projects within the African continent that will facilitate the transmission of trade-related documents for 5 countries within the EAC region. The EAC SCT project was first embarked on by the EAC...
Africa Travel, Nigeria News, travel

Hotel Developments in West Africa

For being the second largest Continent on earth, Africa has a wide range of options for hotel development in many of its regions having more space for expansion and capital growth. The middle-class population is estimated to be near 350 million people by the African Development Bank. A portion of this population holds the probability to be potential travelers. These people can benefit the economy. The tourism and travel industry has an important part in keeping up with the rising number of travelers. Hotel development has been affiliated with advanced economies in countries like South Africa, Rwanda, Kenya, Tanzania in comparison to a mire of the West African countries while there is a noticeable development in the major cities lately. West Africa is the most densely populated area in enti...
Top Tips to Grow Your Restaurant Revenues in 2020
Tanzania News

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...
A Guide to Backpacking in Tanzania
Africa Travel, Tanzania News

A Guide to Backpacking in Tanzania

Tanzania is a perfect safari holiday even for backpackers. Find out what you need to know about backpacking in Tanzania to have that dream safari experience! Lush, verdant, rich in history and home to some of the most magnificent wildlife species on this part of the planet, Tanzania’s simply got it all! Here you can climb Africa’s highest peak (Mount Kilimanjaro), explore stunning plains packed with wildlife, swimming with dolphins, and kitesurf across the clear, turquoise waters of the Indian Ocean. And that’s just to name a few activities you can look forward to in Tanzania. It promises to be one of those trips of a lifetime. But what if your wallet isn’t so sure? No worries, you can always go backpacking. It’s much cheaper and way more immersive anyway. Plus you’ve got this guide to h...