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Tanzania oil firm offers shares

DAR ES SALAAM, Tanzania–Swala Energy, an oil and gas exploration firm, will soon sell some shares in an Initial Public Offering so as to list on the Dar es Salaam Stock Exchange (DSE). This will be done through the DSE micro-finance window, Economic Growth Market (EGM).The energy firm’s prospectus awaits Capital Market and Securities Authority (CMSA) […]

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Tanzania electricity supply to improve

DAR ES SALAAM, Tanzania – Felchemi Mramba, the acting Managing Director of Tanzania’s electiricty utility, TANESCO has said power rationing was eased last year following the improvements of gas supplies at the Songosongo generation plants to Dar es Salaam. Speaking late last year, he said  almost 85% of all the maintenance work on the gas […]

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Tigo gets Global Mobile Money Certification

  DAR ES SALAAM, Tanzania – Tigo Tanzania’s mobile financial services business, Tigo Pesa , has received the GSMA Mobile Money Certification, recognizing Tigo’s ability to deliver safe, transparent, reliable and more resilient services that promote consumer rights and prevent malicious transactions.   Tigo Pesa is amongst the first mobile financial services providers around the […]

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Tanzania eyes energy incubator plan

DAR ES SALAAM, Tanzania–The Institute of Management and Entrepreneurship Development (IMED) is launching a renewable energy incubator programme.The IMED Chief Executive Officer, Dr. Donath Olomi said the incubator will support youth who want to start or develop alternative energy enterprises through a package of services.He said they will  offer mentoring, training, coaching, linkages to other […]

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Arusha to get 10,000 solar units

  ARUSHA, Tanzania – Access to solar power for private households in rural homes will this year connect up to 10,000 households with solar power in Arusha, Manyara, Kilimanjaro and Mwanza regions.    Access to solar power for private households in rural homes will this year connect up to ten thousand households with solar power […]

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Museveni roots for water for irrigation

Namisindwa, Uganda–President Yoweri Museveni has commissioned Lirima Large Gravity Water Flow Scheme Phase 1 on River Lwakhakha in Soono village, Bukhoho Sub-County, Namisindwa district. The Lirima Gravity Flow Scheme was designed to supply water to 5 original Sub-Counties in Manafwa district (Sibanga, Bugobero, Buwagogo, Butiru and Bubutu), 2 Sub-Counties in Mbale district (Busiu and Bukiyende) […]