Topic: Tanzania
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Watu Simu hits 1 millionth customer milestone in Kenya’s mobile finance market
Nov 12, 2024 at 10:28 AM
Watu Simu, a subsidiary of Pan-African asset finance provider Watu, has achieved a landmark success by selling over one million smartphones in Kenya—a significant stride in bridg...
Kenya’s African exports hit Sh248.7 billion, climbing 26 per cent on robust trade ties
Nov 05, 2024 at 02:13 PM
Kenya has recorded an impressive 26 per cent surge in its exports to African nations over the first seven months of 2024, driven by an increase in shipments and bolstered bilateral...
Jubilee Insurance launches campaign to boost financial literacy in East Africa
Aug 16, 2024 at 04:36 PM
Jubilee Insurance has introduced a new campaign, "There’s Living, and There’s Living Free," aimed at improving financial literacy across East Africa....
Why KQ was forced to divert incoming flights from landing at JKIA
Jul 25, 2024 at 09:06 PM
Kenya Airways was on Thursday morning forced to divert several flights scheduled to land at Jomo Kenyatta International Airport (JKIA) to Mombasa and Kilimanjaro International Airp...
TZ’s Amsons Group sets historic record with bid to acquire Bamburi Cement
Jul 11, 2024 at 02:27 PM
Amsons Group, a renowned Tanzanian conglomerate, has made a landmark move in East African trade relations by issuing a binding offer to acquire up to 100 per cent of Bamburi Cement...
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Old Mutual offloads Tanzanian unit for Sh73.5 million despite East African focus
Jul 01, 2024 at 12:38 PM
Old Mutual Holdings Plc, a regional insurer, has exited the short-term insurance market in Tanzania by selling its subsidiary, Insurance Tanzania, for Sh73.5 million....
Equity doubles down with Sh15.1 billion dividend payout for second consecutive year
Jun 27, 2024 at 12:23 PM
Equity Group shareholders celebrated a windfall at the company's 20th Annual General Meeting (AGM) after overwhelmingly approving a record-breaking Sh. 15.1 billion dividend payout...
James Mwangi roots for more private sector involvement in education during AfDB meeting
Jun 03, 2024 at 05:44 PM
The private sector emerged as a key player in improving Africa's education landscape during a high-level dialogue held at the African Development Bank (AfDB) 2024 Annual Meeting in...
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American Institutes for Research opens its strategic East African office in Kenya
Apr 29, 2024 at 06:21 PM
The American Institutes for Research (AIR) has solidified its commitment to advancing research and technical assistance in East Africa with the inauguration of its new office in Ke...
Kenya to grant license to Ugandan oil company, ending months-long dispute
Mar 28, 2024 at 09:38 PM
Months of tension between Kenya and Uganda over fuel import rights are finally coming to an end....
Tremor in Kenya oil sector as Uganda turns to Tanzania for its fuel imports
Feb 26, 2024 at 12:32 PM
Uganda's decision to explore fuel imports through Tanzania's Port of Tanga has sent shockwaves through the Kenyan oil industry, potentially jeopardizing billions of dollars in trad...
Madaraka Express freight service gets a boost with arrival of 50 new wagons
Feb 06, 2024 at 12:40 AM
The Madaraka Express freight service received a significant boost on Monday with the arrival of 50 new wagons, marking a pivotal moment for Kenyan infrastructure development....
Diplomatic skies clear as Tanzania finally rescinds move to ban KQ flights from Dar
Jan 17, 2024 at 04:36 PM
Kenya and its sister nation Tanzania have finally broken the impasse following the decision of Tanzania Civil Aviation Authority to suspend Kenya Airways flights from Dar es Salaam...
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2023 Telegram blackout caused Sh4.2 billion impact on Kenya’s economy
Jan 12, 2024 at 12:37 PM
The November 2023 hiatus of the Telegram messaging platform dealt a severe blow to Kenya's economy, with an estimated loss of $27.02 million (Sh4.2 billion), as unveiled by calcula...
Why President Suluhu dissolved the Tanzania Electric Supply Company board
Dec 21, 2023 at 11:39 PM
Tanzania's recent power woes took a dramatic turn with President Samia Suluhu Hassan dissolving the Tanzania Electric Supply Company (Tanesco) board, sending shockwaves through the...
Ruto emphasizes vital role of strong bilateral relations in Kenya's growth
Dec 07, 2023 at 01:09 PM
President William Samoei Ruto underscored the significance of robust international partnerships in advancing Kenya's development agenda during a credential ceremony at State House ...
Somalia formally joins EAC bloc sparking regional integration
Nov 24, 2023 at 08:24 PM
In a significant development, Somalia has been officially admitted to the East African Community (EAC), joining the ranks of Kenya, Burundi, the Democratic Republic of the Congo, R...
Ruto champions Climate Financing Revolution at EAC High-Level forum ahead of COP28
Nov 24, 2023 at 03:06 PM
President William Ruto, addressing the EAC High-Level Forum on Climate Change and Food Security in Arusha, called for a paradigm shift in tackling climate change....
NCBA Group records 14.4 per cent increase in profit after tax to Sh14.6 billion
Nov 23, 2023 at 12:48 PM
NCBA Group PLC has demonstrated impressive financial performance in its third-quarter results, concluding on September 30th, 2023, reporting a notable 14.4 per cent increase in pro...
Kenya faces billions in losses as East African nations shift oil trade alliances
Nov 22, 2023 at 05:17 PM
Kenya stands on the brink of losing substantial revenue in the oil trade as landlocked East African nations express hesitance towards importing fuel through Kenyan channels....
