Tanzania and China have signed investment deals to build a $1 billion satellite city and $500 million financial centre in the commercial capital Dar es Salaam, the latest sign of Beijing’s deepening ties with East Africa.
Tanzania plans to lift gold production at its Stamigold Biharamulo gold mine, formerly owned by African Barrick Gold
By Amora Nyawo* Business travel between South Africa and East Africa continues to grow year on year, as local companies expand into previously untapped African markets. Travelling to Tanzania has just become a whole lot easier for South Africans who are now exempt from applying for a visa for holiday or business stays, up to 90 … Read more
We hear about the ‘African Growth Story’ regularly, about a continent brimming with opportunity, potential and a people who are fast moving into more economically viable sectors. It seems that there is a global race to establish capital to benefit from the upside on the last untapped market on the planet. Despite being aware of … Read more
DAR ES SALAAM (Reuters) – Tanzania and Zambia plan to inject $80 million to bail out a jointly owned railway firm suffering from decades of under-investment, the company said on Tuesday. The 1,860 km (1,155 mile) railway is a key route for copper exports from Zambia and neighbouring Democratic Republic of Congo to Tanzania’s main port of Dar es Salaam. The capital infusion from the two … Read more