HTT awarded 'Africa Loans Deal of the Year' by The Banker

Helios Towers Tanzania (HTT), a subsidiary of Helios Towers Africa (HTA) and reportedly the first tower company in Tanzania, has been awarded 'Africa Loans Deal of the Year' by The Banker magazine. The award follows the completion in December 2011 of HTT's US$85 million equivalent deal. 3 May 2012 14:03

2012 African Banker Awards shortlist announced

The African Banker Awards has released the shortlist of nominees for the 2012 competition. The winners will be announced at an awards ceremony on 30 May 2012, which makes its debut in Africa. This year's event coincides with the annual African Development Bank (AfDB) meetings in Arusha, Tanzania 24 Apr 2012 16:14

Report finds improved business regulations for East African SMEs

A new International Finance Corporation and World Bank report shows that the business environment for entrepreneurs in all five economies of the East African Community (Burundi, Kenya, Rwanda, Tanzania, and Uganda) improved in 2010-2011, as the countries implemented critical regulatory reforms. 12 Apr 2012 11:07

AfDB's 2012 annual meeting takes place in Tanzania

The African Development Bank Group (AfDB) will hold its annual meetings, themed 'Africa and the emerging global landscape: challenges and opportunities' in Arusha, Tanzania, from 28 May to 1 June 2012. 14 Mar 2012 12:22

L'Oréal opens new subsidiary in Kenya

At an inauguration ceremony held last week, L'Oréal opened its new subsidiary in Kenya, which will be the hub for expanding the group's activities in East Africa, a region which also includes Uganda, Tanzania, Rwanda, Burundi and Ethiopia. The group's subsidiary in Nigeria opened in September. 12 Dec 2011 12:13

Standard Bank Group secures finance for Helios Towers Tanzania

The Standard Bank Group has announced that they have secured financing worth US$85million for Helios Towers Tanzania Ltd (HTT), a subsidiary of Helios Towers Africa Ltd (HTA), to finance the next phase of its network of telecommunications towers across Tanzania. 7 Dec 2011 08:38

Consumer Confidence Survey: Economy again top global concern

NEW YORK, US: Global online consumer confidence fell for the seventh consecutive quarter as confidence in 31 of 56 global markets measured declined, according to from Nielsen, a leading global provider of insights and analytics into what consumers watch and buy. 9 Nov 2011 09:36

Brand Africa Forum to present first Brand Africa 100 awards

Pan-African consumers can now vote for their most admired and valued brands in the inaugural Brand Africa 100 Awards, which coincides with the second annual Brand Africa Forum. The continent's most valued brands will be revealed at an awards ceremony on Thursday, 29 September 2011 at Sandton Convention Centre, Johannesburg, South Africa . 15 Sep 2011 14:25

Davies maps route for free trade area

CAPE TOWN: The first phase of setting up a free trade area across 26 countries in Africa is expected to come into effect in three years, trade and industry minister Rob Davies said on Monday, 13 June 2011. 14 Jun 2011 12:00

Somali piracy: in search of remedies for a global malady

[Wanjohi Kabukuru] Twenty years ago, when the government of Somalia collapsed, few imagined that the country's ongoing state of lawlessness would eventually spawn piracy on such a scale that the security of the western Indian Ocean region could be threatened. 14 Jun 2011 10:49

[Netprophet 2011] African ecommerce market has a long way to go

[Herman Manson: @marklives] A billion Africans and 50 million bank accounts. In South Africa, credit cards are used by only 16.5% of the population (2008). No African country comes close to 1% of total retail spend spent online - the magic figure which constitutes the tipping point for digital retail growth. No wonder, then, that the ecommerce market in Africa hasn't bloomed. 12 May 2011 18:55

IFAD signs US$90.6 million loan agreement with Tanzania

The International Fund for Agricultural Development (IFAD) has signed an agreement for a US$90.6 million loan to Tanzania that will aim to enhance access to rural financial services and markets and promote private-sector development in the country, the United Nations rural poverty agency announced. 14 Mar 2011 08:52

Engen acquires operations in Mauritius, Tanzania

Engen has concluded its purchase of two more country operations from Chevron in Africa and the Indian Ocean islands in Mauritius and Tanzania. This brings to five the number of successful acquisitions from its competitor, in terms of a package of seven sales and purchase agreements signed in August 2010. 14 Feb 2011 11:46

Unemployment, inflation worries hit consumer confidence

NEW YORK, US: Consumer confidence fell in 25 out of 52 countries in Q4 2010 as hope for a global economic recovery evaporated at the end of last year, according to the latest edition of the Nielsen Global Consumer Confidence Index, which tracks consumer confidence, major concerns and spending intentions among online consumers. 27 Jan 2011 11:00