Market News

Tanzanian payment financial technology (fintech) firm Nala been on the upswing since it secured pre-seed funding from Accel in year 2019, with which it built a mobile money service for East Africa. Then last year it raised $10 million more and has now set its target higher in the lucrative remittanc . . .

International professional services firm Deloitte recently released the 2022 edition of its Africa CEO Survey that shares the perception of African private sector leaders on key issues and challenges, and documents and analyzes their approach to a series of fundamental aspects of their business mode . . .

AS trade relations between Tanzania and China continue to grow, the former is planning to open up another consulate in China's financial hub-Shanghai. Already, Tanzania has a consulate in Guangzhou, which is operating under the coordination of the Embassy situated in Beijing which is the admini . . .

The Bank of Tanzania (BOT) Monthly Economic Review-April 2022 reveals that the country’s exports of goods and services increased to USD 10,214.6 million during the year ending March 2022. This is +20.14 percent higher than US$ 8,502.1 million in a similar period in 2021. Improvement in e . . .

The Government of Tanzania has signed a liquefied natural gas (LNG) framework agreement with energy giants Equinor and Shell, Reuters reported. The signing of the deal will expedite the start of the construction of a $30bn LNG export terminal. The deal is expected to pave the way for a fin . . .