Tanzania Business News

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Tanzania Business News

Business and investment news from Tanzania, updated daily.

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Tanzania Real Estate

Exclusive Interview With Fred Msemwa, Chief Executive Officer of the Watumishi Housing Company (WHC)

TanzaniaInvest had the pleasure on interviewing Fred Msemwa, Chief Executive Officer of the Watumishi Housing Company (WHC), a government-owned property developer and a licensed fund manager established in 2013, responsible

Tanzania Economy

Exclusive Interview With Joseph Sheffu, Country Managing Partner of Ernst & Young (EY) Tanzania

TanzaniaInvest interviewed Mr. Joseph Sheffu, Country Managing Partner of EY Tanzania, a global leader in assurance, tax, transactions and advisory services. Sheffu discuss the state of the Tanzanian economy, the

Tanzania Energy

Indian Companies Interested In Oil And Gas In Tanzania, TPDC Says

The Tanzania Petroleum Development Corporation (TPDC) has recently announced that a group of Indian companies is interested in using data from the Airborne Gravity Gradiometry Survey (AGGS) to evaluate investments

Tanzania Capital Markets

Tanzania To Start Commodity Exchange Market In May 2016

The Tanzanian Capital Markets and Securities Authority (CMSA) has recently announced in a press conference in Dar es Salaam that the first Tanzania Commodity Exchange Market (TCX) will start operations

Tanzania Legal Framework

EY Tax Training: Tanzania Tax Administration Act (TAA), 2015 – 17th March 2016, Dar Es Salaam

EY Tanzania is currently organising a training session on Tax Administration Act (TAA) 2015 which came into force on 1st August 2015. The training will take place on 17th March 2016

Tanzania Energy

Tanzania Electric Supply Company Receives EUR 41.6 Million Fund To Implement North-Western Region Electrification Project

The Tanzania Electric Supply Company (TANESCO) has recently received from three European development institutions a total fund of EUR 41.6 million for the development of electrification projects in Kagera, Geita

Tanzania Banking

New Tanzania Microfinance Bank Awarded With License To Boost Micro Credits And Loans

The Bank of Tanzania (BOT) has recently awarded Hakika Microfinance Bank Limited with a banking license to carry out microfinance activities in the country under the Banking and Financial Institutions

Tanzania Transport

Cable-Stayed Kigamboni Bridge To Be Joined In February 2016

The Tanzanian government has recently announced that construction works on the Kigamboni bridge, the longest cable-stayed bridge in East Africa which will connect the Dar es Salaam central business district

Tanzania Capital Markets

Dar es Salaam Stock Exchange Weekly Report: February 1st – 5th, 2016

According to CORE Securities Dar es Salaam Stock Exchange (DSE) Weekly Market Report for the week ended Friday February 5th 2016, the market total turnover was TZS 11,331,569,100.

Tanzania Energy

Tanzania Announces Land Acquisition In Lindi To Construct First LNG Gas Terminal

The Tanzanian government has recently acquired an approximately 2,070 hectares land at a total investment of TZS 12 billion (USD 6 million) in Lindi town in Tanzania’s coastal southern region,

Tanzania Telecoms

Tanzania Telecommunications Company Announces Restructuring Plan To Boost Broadband Services

Tanzania Telecommunications Company Limited (TTCL), Tanzania’s oldest voice and data communications provider in which the government holds a 65% stake, has recently announced a five-year restructuring plan which includes the