Smile Telecom to expand African wireless with $365 mln
Smile Telecoms Holdings Ltd, which owns and operates mobile wireless 4G LTE broadband networks in Nigeria, Tanzania and Uganda, has raised $365 million in debt […]
Tanzania
Tanzania: new talks for $800 Mln loan to strengthen currency
The Tanzanian Minister of Finance said on Wednesday that his country will resume discussions for the $800 million loan from international lenders after abandoning an […]
Burundians vote today despite violent protest
Around 3.8 million Burundians are eligible to vote in Burundi today despite international condemnation and thousands of people fleeing feared violence. Polls opened at 06:00 […]
Burundi: Uganda President starts mediation role
Uganda’s president Yoweri Museveni has started mediating talks between Burundi’s government and opposition groups to help ease tensions that have arisen over plans by President […]
Coffee giant Starbucks to open stores in Sub Saharan Africa in 2016
After it struck a deal with Taste Holdings on Tuesday, the coffee giant Starbucks says it will open stores in sub-Saharan Africa for the first […]
Kenya & Tanzania to build 510 km high-voltage power line
Tanzania and Kenya are in a move to build approximately 510 km of 400 kilovolt (kv) high-voltage power line and several substations as part of […]
Kenya: Uchumi Supermarkets to close underperforming branches
Uchumi, the oldest supermarket chain in Kenya could shut down some of its underperforming branches resulting in job losses as it restructures its business, the […]
Tanzania: Depleting water reserves to impact irrigated farming
Tanzania’s government plans to increase irrigated farming and the country’s high susceptibility to drought has resulted in low water reserves at two hydropower facilities, prompting […]
Tanzania earmarks $ 2 billion for roads construction in Dar Es-Salaam
The Tanzania government is planning to invest 4.394 trillion shillings ($ 2 billion) to build new road infrastructure and launch a rapid transit bus to […]
Kenya: Diamond Trust Bank to open branches in Madagascar and DRC
Kenya’s Diamond Trust Bank (DTB) has announced interests in extending operation in Africa. Ranked Kenya’s seventh biggest bank by assets is planning to use part […]