Safaricom on the money and free internet pledge

November 7, 2013 1:18 pm0 comments by:
Safaricom on the money and free internet pledge

Safaricom has announced it will give free Internet to schools in the government’s laptop project after posting a 45percent rise in profit for the first half of 2013-14 to Sh11.3billion.

The growth was driven by a 49 percent growth in Short Message Services (SMS) as well as mobile data that increased by 43 percent in the period under review.

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Window 8 Smart Phone for Afrika

November 6, 2013 2:41 pm1 comment by:
Window 8 Smart Phone for Afrika

Smartphones in Africa still represent a very small percentage – 10 percent – of total phones across the continent. As a first critical step toward increasing the adoption of smart devices, Microsoft and Huawei are introducing the Huawei 4Afrika – a full functionality Windows Phone 8 which will come pre-loaded with select applications designed by Africans, for Africa.

The phone will be available in most of African countries by the end of the year.

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TTCL to Become State Owned Company Again!

November 5, 2013 12:56 pm0 comments by:
TTCL to Become State Owned Company Again!

THE government has announced plans to wholly own Tanzania Telecommunications Company Limited (TTCL). This will enable the oldest and largest telecommunication company to roll well its plans, including becoming the market leader in the country.

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PayPal Now Available to Equity Bank in Kenya

October 27, 2013 8:20 am0 comments by:
PayPal Now Available to Equity Bank in Kenya

Payment service company PayPal, has partnered with Equity Bank for traders in Kenya to access PayPal’s global customer base, of more than 137 million active accounts in 193 markets.

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SABA-GIFCO to Invest in Uganda

October 24, 2013 6:40 pm1 comment by:
SABA-GIFCO to Invest in Uganda

Kampala-The Dubai based SABBA-GIFCO a cold chain logistics company is to setup its subsidiary in Uganda. A delegation of investors from SABA-GIFCO firm led by the Director of the company Mr. Tarek Maki yesterday met President Yoweri Kaguta Museveni  and held talks with him on the issue of establishing the firm. SABBA-GiFCO is renowned for transportation of frozen foods that include fresh fruits and vegetables across Africa and Arab countries. It operates in countries such as Kenya, Uganda, Southern Sudan, Egypt, Lebanon, Kuwait, Dubai and Iraq. Mr. Tarek Makki informed President Museveni that the cold chain Logistics Company choose Kampala-Uganda as a hub for their investment because of the impressive […]

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The African Growth Opportunity Act: Re-thinking the developmental role of Africa’s trade partners

October 14, 2013 12:39 pm2 comments by:
The African Growth Opportunity Act: Re-thinking the developmental role of Africa’s trade partners

On the 18th of May 2000 President Bill Clinton signed the African Growth and Opportunity Act (AGOA) into law. AGOA caused a paradigm shift; it introduced a radical change into Africa-U.S. trade relations, which had been defined by Cold War-era policies, donor-recipient relations and aid (for poverty alleviation). Since 2001 AGOA has been the cornerstone of Africa-U.S. trade relations.

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Uganda’s Steel Rolling Mill to Provide Jobs to 1500 People

October 4, 2013 1:14 pm2 comments by:
Kampala-President Yoweri Museveni, has launched the third phase of Roofing Steel Rolling mills in Kampala which will provide 1500 jobs.
Speaking at the launching ceremony of the 3rd phase of the multi-billion state of the art plant in Namanve, he urged steel millers to form a consortium and partner with internal and external investors to exploit the iron ore reserves in the country and facilitate the building of an integrated steel industry.

Kampala-President Yoweri Museveni, has launched the third phase of Roofing Steel Rolling mills in Kampala which will provide 1500 jobs.
Speaking at the launching ceremony of the 3rd phase of the multi-billion state of the art plant in Namanve, he urged steel millers to form a consortium and partner with internal and external investors to exploit the iron ore reserves in the country and facilitate the building of an integrated steel industry.

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South Africa ‘Bureaucratic Hurdles’ Delay FastJet flight between Dar es Salaam and Johannesburg

September 26, 2013 2:46 pm0 comments by:
South Africa ‘Bureaucratic Hurdles’ Delay FastJet flight between Dar es Salaam and Johannesburg

Bureaucratic red tape by South African authorities have led to last minute cancellations of FastJet first international flight between Dar es Salaam and Johannesburg, which was previously scheduled to take place on Friday 27 September 2013.

A statement released by the company said. “The postponement was due to unexpected administrative delays caused by the South African Department of Transport this week requesting additional documentation very late in the licensing and regulatory process.”

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ASCO enters Tanzania with BG win

September 13, 2013 11:26 pm0 comments by:
ASCO enters Tanzania with BG win

ASCO has won a major contract to provide Supply Base services to BG in Tanzania.
The international oil and gas services company has been awarded the three year contract, valued at around $100m

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Report reveals Tanzania as the most attractive investment destination in East Africa

“ Where to Invest in Africa: A guide to corporate Investment”.

Tanzania has emerged as the most attractive investment destination in East Africa and the ninth best in Africa, according to a report published by Rand Merchant Bank’s (RMB) “ Where to Invest in Africa: A guide to corporate Investment”.

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