Tanzania Business News
Tanzania’s President John Magufuli announced on July 23rd 2016 that he will ensure the Government headquarters move to Dodoma over the next 5 years.
Worldwide mobile operators association GSMA launched the Tanzania Rural Connectivity Project on July 26th 2016 to expand mobile broadband network coverage across the country.
Smallholder farmers in Tanzania will benefit from the USD25m AgriFin Accelerate program, launched in Tanzania on July 25th 2016.
On July 21st 2016, the African low cost carrier Fastjet (AIM:FJET) announced its plans to raise additional capital of GBP19.2m through the issue of shares.
TanzaniaInvest interviewed Thomas Abraham-James, CEO of Helium One, an exploration, development and, ultimately, hopeful producing company of liquid helium from Tanzania.
China’s Exim bank will lend Tanzania USD7.6b to finance the construction of Tanzania’s standard gauge railway along the central corridor.
The African Development Bank (AfDB) will support Tanzania’s 2016–2017 budget with USD200m.
Norway will support the professional development of female engineers with nearly USD2m over the next 5 years.
The Dar es Salaam Stock Exchange (DSE) closed on Friday July 22nd 2016 with a total equity turnover of TZS549.67m from 136,654 shares traded in 38 deals. Total market capitalization was TZS23,541.50b.