Saturday, November 17, 2018
TRADE Union Congress of Tanzania (TUCTA) yesterday applauded the enactment of Public Service Social Security Fund Act to merge the various pension funds into two schemes. The trade union apex body welcomed the move, saying the merger will lead to...
The first trans-border gas pipeline in East Africa is set for construction. This is after Tanzania and Uganda signed a deal for the construction of a natural gas pipeline at the end of a three-day Joint Permanent Commission Summit held...
The Sumbawanga Airport in Tanzania is set to receive US $24.9m boost for the upgrade to international standards. On completion, the airport sets to stimulate economic growth in the region while at the same time attract business opportunities in...
As part of its mandate of managing Nigeria’s public debt, which also includes borrowing the Debt Management Office today listed the FGN Diaspora Bond of $300ml and the Eurobond 2-tranche of about $3bl, totalling about $3.3bl. After the closing gong...
Tanzania Petroleum Development Corporation(TPDC) is currently seeking a transaction adviser in regards to it US$ 30bn natural gas project that is currently entering a vital developmental stage. This comes hardly a month after one of the gas pipeline development partners...
The Central Energy Fund of South Africa and ACWA Power have entered into a cooperation agreement to co-invest in renewable energy projects the first of which will be the 100MW Redstone concentrated solar thermal power (CSP) plant in the...
India’s Engineering ,procurement and construction ,EPC firm Sterling and Wilson in India,is set to construct both the largest battery storage project and single battery installation in the whole continent in bid to boost education sector in Africa. Sterling and Wilson...
Sub-Saharan African countries could increase tax revenue by an average of 5 percent of gross domestic product -- much more than what they receive in international aid -- if they reform their tax policies, the International Monetary Fund said. Key steps would...
Quoting Nelson Mandela and Charles Dickens, new Finance Minister Tito Mboweni’s climbed into the driving seat of South African economic policy, with aplomb, with his maiden mini-budget speech. His mere avuncular presence could revive comforting memories of better times...
German industrial group Siemens and French rival Alstom agreed to merge their rail operations, creating a European champion to better withstand the international advance of China's state-owned CRRC. Siemens will own 50 percent plus a few shares of...
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