Financial service company Cellulant partners Tanzania’s fintech NALA

TANZANIA – Cellulant, a Pan-African payments company, has teamed up with NALA, a Tanzania based fintech company, to power remittance payments from the United Kingdom and United States into Kenya, Uganda, Rwanda, Tanzania and Ghana. Besides Official Direct Assistance (ODA), remittances make up the second-largest source of external resources for Sub-Saharan Africa. In 2019, approximately US$48 billion was remitted in…

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Investors and companies form USA sign agreement for business projects in Tanzania

TANZANIA – Tanzania and the Government of USA have signed seven agreements for business projects which are set to be implemented in Tanzania by investors and companies from the United States of America. According to a statement issued by the directorate of presidential communications, the deals with key private sector companies are worth a total of US$5.04 billion (KSh11.3trillion) and…

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Edtech startup Ubongo appoints Mwasi Wilmore as new CEO

TANZANIA – Ubongo has appointed Mwasi Wilmore as its new CEO to lead the organization into a new era of Pan-African growth and sustainable impact. Ubongo is a pan-African, non-profit social enterprise aimed at significantly improving school readiness and learning outcomes and promoting social and behavioral change communication through localized edutainment (educational entertainment) for kids and their caregivers.  Mwasi joins…

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Totalenergies launches first solarized service station in Tanzania

TANZANIA – TotalEnergies Marketing Tanzania Limited officially launched its new identity and the first solarized service station, TotalEnergies Samora service station. The station makes TotalEnergies the first and only Oil Marketing Company in Tanzania with solarized service stations. To meet the company’s ambition, TotalEnergies Marketing Tanzania Limited launched its first solarized service station in Dar es salaam Tanzania, TotalEnergies Samora…

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Uber appoints Imran Manji as head of East Africa, suspends operation in Tanzania

EAST AFRICA – Uber, a ride hailing company, has announced the appointment of Imran Manji as their new Head of East Africa. He will be responsible for Uber’s business strategy and growth across the region which includes Kenya, Uganda and Tanzania. Imran previously worked as co-CEO for TowerTech Africa, a leading manufacturer and supplier of towers in East Africa. He…

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UK launches US$117m initiative to improve quality and access to education in Tanzania

TANZANIA – The UK Minister for Africa, Latin America and the Caribbean, Vicky Ford, has launched a £89 million (US$117.17m) major new education initiative that will improve the quality and access to education for over 4 million children in Tanzania. The education programme Shule Bora (meaning ‘quality education’) will improve learning outcomes for all children. Special emphasis will be given…

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CRDB Bank secures US$78m from Proparco to bolster its lending capacity

TANZANIA – CRDB Bank, a financial services provider, has secured TSh182 billion (US$78.41m) from private sector financier, Proparco to bolster the bank’s lending capacity to micro, small and medium-sized enterprises (MSMEs) in the country. The amount, in form of a credit line and two portfolio guarantees, will be channelled towards financing MSMEs in line with the country’s economic growth agenda,…

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Data center developer Raxio Group launches in one of Africa’s biggest consumer markets, Tanzania

TANZANIA – The Raxio Group (Raxio), a premier pan-African data centre developer and operator, has announced that it is investing and establishing a data center in Tanzania Raxio Tanzania is the first state-of-the-art, carrier neutral, Tier III data centre in the country. It is the latest facility to be part of Raxio’s fast expanding network of interconnected carrier neutral, Tier…

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Nigeria’s fintech Flutterwave receives approval to start trading in Tanzania

TANZANIA – Flutterwave, a Nigerian payments technology firm, has launched in Tanzania after gaining approval from the Bank of Tanzania (BoT), the country’s regulatory body for banks, microfinance institutions and payment service providers. With the approval, Flutterwave will open its offices in Dar Es Salaam to drive connected digital payments and financial inclusion by enabling merchants and customers to trade…

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TotalEnergies Tanzania launches its first solarized service station in Dar-es-Salaam

TANZANIA – TotalEnergies Marketing Tanzania has launched its first solarized service station in Dar-es-Salaam to give users an opportunity to enjoy products and services powered by solar energy. The solar powered station along Samora Avenue in the Dar es Salaam city centre is part of wider plans by TotalEnergies to solarise some 5,000 service stations in 57 countries by installing…

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