How mobile money is driving Tanzania’s cashless aspirations

Dar es Salaam. Mobile money subscriptions in Tanzania have nearly doubled over the past four years, signalling a major shift in how citizens interact with financial services, agriculture, education and even politics. In 2020, the country recorded...

Bank One Ltd: Best Custodian Bank Indian Ocean 2025

As a distinguished provider of securities services, Bank One leverages a robust open architecture model that ensures neutrality and eliminates product conflicts. This approach has enabled the bank to foster strong, enduring partnerships with...

Tanzania nabs  89 suspects with 10,000kg of illicit drugs

THE Drug Control and Enforcement Authority (DCEA) has seized a total of 10,763.94 kilograms of various types of drugs, including 6,007 kilograms and 153 litres of synthetic chemicals, while 89 suspects have been arrested in connection with the...

Tanzania-Nordic Cooperation strategy inked to promote investment  

DAR ES SALAAM: THE Tanzanian government has launched a Tanzania–Nordic Cooperation Strategy, which aims to strengthen economic diplomacy and promote investment rather than dependence on aid. The Minister for Foreign Affairs and East African...

Business News | Aelea Commodities Limited Reports Stellar H1 FY26 Results, Standalone Revenue Soars 110.64% YoY to ₹17,362.08 Lakhs

PNN Mumbai (Maharashtra) [India], October 21: Aelea Commodities Limited (BSE: ACLD), one of the leading integrated players in cashew processing announced its unaudited financial results for the first half of FY26. Also Read | India's Tough Stance:...

Africa has opportunity to develop greater trade-based economies, panel finds

African countries are seeing a measurable improvement in trade with other African countries, as well as in exports abroad, although challenges around the viability and competitiveness of new industries, and logistics infrastructure, still need to...

Experts call for justice, transparency in Tanzania’s mining sector

Dar es Salaam. Mining experts said that although the sector remains a key driver of Tanzania’s economy, persistent challenges related to justice, transparency, and community welfare demand urgent attention, calling for an effective resolution...

NMB ranked among Africa’s top 40 banks

DAR ES SALAAM: NMB Bank has been ranked among Africa’s top 40 banks, emerging as the only Tanzanian lender at slot 36 in the list mainly based on initial capital, plus reserves and retained earnings, which demonstrates a bank’s overall strength....

Ballot beckons on 29th, Tanzanians walk the talk

DAR ES SALAAM: THIS time next week on Wednesday the 29th, all roads will lead not to the markets, not to the stadiums and definitely not to party parades, but to our local polling stations. It is voting day. A moment every five years where...

Lake Victoria Gold Reports Continued Barrick Exploration Success at Tembo-Area Licences

Breadcrumb Trail Links Newsfile Article content Vancouver, British Columbia–(Newsfile Corp. – October 24, 2025) – Lake Victoria Gold Ltd. (TSXV: LVG) (OTCQB: LVGLF) (FSE: E1K) (“LVG” or the “Company”) is pleased to provide an update on the Q2 2025...

Be vigilant, Samia tells youths

Advises them not to be misled to undermine peace DAR ES SALAAM: PRESIDENT Samia Suluhu Hassan has called on young Tanzanians to preserve peace and patriotism, as they prepare to vote in Wednesday’s General Election, reminding them that the...

IMF says Zimbabwe has the best performing economy in SADC

Zimbabwe has the best performing economy in the Southern African region this year beating regional giants South Africa and oil-rich Angola by far. Its growth is estimated at 6% tallying with that of Tanzania which has been one of the fastest...

Basembi banned for infringing Balimi trademark

DAR ES SALAAM: THE High Court’s Commercial Division, has prohibited the East African Spirits Tanzania Limited from production, distribution and selling in Tanzania market its new beer, Basembi Extra Lager, for allegedly infringing the Tanzania...

New cross-border snags put E.Africa traders on edge

Arusha. Cross-border traders in the East African Community (EAC) are raising fresh concerns over delays and high costs linked to trade permits and certificates — a new bottleneck that is hampering the flow of goods and threatening livelihoods...

Ethanol set for key role in clean cooking switch

Dar es Salaam. Tanzania is gearing up for a clean energy transformation as ethanol emerges as a homegrown solution to the country’s long-standing dependence on charcoal and firewood for cooking. The initiative, spearheaded by Greenergy Climate...

Leaving Her Comfort Zone to Support Tanzanian Moms

Three-time alumni volunteer Sophia Hughson said more daunting than the backroads on the way to Ipalamwa, Tanzania was sharing her personal perspectives on adulthood with Tanzanian mothers she’d just met. But the 18-year-old student was lured by...

Modern farming technology benefits over 1,000 Tanzanian farmers

DODOMA: THE Tanzanian government, through the Prime Minister’s Office (Labour, Youth, Employment and Persons with Disabilities), has unveiled a programme to provide up-skilling training to 1,000 smallholder farmers and producers across four...

CRDB Bank Signs Landmark Partnerships

CRDB Bank has entered three landmark partnerships with leading development finance institutions, FinDev Canada, DEG (KfW Group, Germany), and Shelter Afrique Development Bank (ShafDB), marking a significant milestone in its transformation journey...

Tanzania’s top bank to expand regionally

Tanzania’s biggest bank by assets and loans, CRDB, is actively exploring new markets in its landlocked neighbors and beyond the continent as it seeks to establish itself as a regional leader, its chair told Semafor. The four-decade old banking...

Tanzania allocates 424bn/- for infrastructural projects in Rukwa

RUKWA: THE Tanzanian government has allocated 424.6bn/- for the implementation of the various development projects in the Rukwa Region. These projects include the renovation of the Sumbawanga Airport and the construction of tarmac roads, as part...