LNG legislation underway, says Makamba

 

Energy Minister January Makamba presents the 2023/24 budget estimates of his Ministry in Parliament on May 31, 2023. PHOTO | EDWIN MJWAHUZI

By Josephine Christopher

Josephine Christopher is a business reporter for The Citizen and Mwananchi newspapers.

Mwananchi Communications Limited

Summary

·         The project costs is estimated at $42 billion (equivalent to Sh98.7 trillion).

Dar es Salaam. After years of waiting, negotiations for the highly anticipated liquefied natural gas (LNG) project in Tanzania was

VP Mpango breathes fire over funds abuse by local councils

 

Vice President, Dr Philip Mpango. PHOTO | COURTESY

By Zephania Ubwani

Arusha. Vice President, Phillip Mpango, yesterday expressed anger over blatant misuse and theft of public funds by officials serving in the local councils.

Expert: Climate change offers opportunities to private sector

 

An electrical power plant in Dar es Salaam. Experts say one way of avoiding power cuts and reduce the dependence on the grid is by installing solar system. PHOTO| FILE

By Alex Nelson Malanga

Business journalis

Summary

·         Tanzanian companies should also adjust to how the country’s trading partners become more environmentally conscious.

Tanzania issues new directives for trading of agricultural crops

 

By 

Louis Kalumbia

Dar es Salaam. Tanzania's ministry of agriculture on Monday said that  it has issued directives to formalise trading of crops for the benefit of the

Power generation at Julius Nyerere dam to kick off soon

 

By Josephine Christopher

Josephine Christopher is a business reporter for The Citizen and Mwananchi newspapers.

Mwananchi Communications Limited

Summary

·         The project cost the tax payer Sh6.55 trillion and was financed at 100 percent by the government.

Dar es Salaam. Power generation at the newly constructed Julius Nyerere Hydropower dam Project is

Gains of Tanzania, India local currency trading

CRDB Bank opens two new branches in Lindi Region

 

By The Citizen Reporter

Media/news company Mwananchi Communication Limited

Kilwa. CRDB Bank Plc has opened two new branches in Lindi to bring its services closer to the people. This brings to 251 the number of the bank’s

TBL’s pre-arranged deal boosts DSE turnover by Sh4.7 billion

 

A man stands by the billboard of the Dar es Salaam Stock Exchange (DSE) in Dar es Salaam at a past event. PHOTO | FILE

By Josephine Christopher

Josephine Christopher is a business reporter for The Citizen and Mwananchi newspapers.

Mwananchi Communications Limited

Dar es Salaam. Turnover at the Dar es Salaam Stock Exchange (DSE) rose by 23 percent last week, thanks to a Sh4.7 billion pre-arranged deal by

President Ruto reveals plan to extend SGR to Uganda and Congo

A view of Naivasha Inland Container Depot (ICD) in this picture taken on Monday, January 17, 2022. PHOTO | DENNIS ONSONGO | NMG    

By CONSTANT MUNDA More by this Author

Kenya has opened talks with Uganda, DR Congo and the Republic of the Congo to

Interest on 182-day T-bill crosses 11 percent mark

The interest rate on the 182-day Treasury Bill has crossed the 11 percent mark as returns on the short-term securities continue to go up. FILE PHOTO | POOL   

By KEPHA MUIRURI More by this Author

Interest rate on the 182-day Treasury Bill has crossed the 11 percent mark as returns on the short-term securities continue to go up.

Safari hotels to tap into IFC’s eco-tourism fund

A fleet of tour vans spotted along the Nairobi-Nanyuki highway heading for a safari on February 6, 2023. PHOTO | JOSEPH KANYI | NMG   

By CONSTANT MUNDA More by this Author

The International Finance Corporation has injected $13 million (Sh1.79 billion) into a

CBK foresees narrower current account gap on low import costs

Central Bank of Kenya Governor Patrick Njoroge on December 1, 2022. PHOTO | LUCY WANJIRU | NMG   

By KEPHA MUIRURI More by this Author

The Central Bank of Kenya (CBK) has projected a narrower current account deficit this year on falling import costs.

Central Bank targets Sh60 billion from second infrastructure bond

The Central Bank of Kenya in Nairobi. FILE PHOTO | NMG

By KEPHA MUIRURI More by this Author

The Central Bank of Kenya (CBK) has set its sights on raising Sh60 billion from the

Kenya, Korea ink deal to plan five digital cities

Principal Secretary State Department of ICT and the Digital Economy Eng.John Tanui(left), Korea Trade Investment Promotion Agency(KOTRA) Managing Director Ikhyun Eom(centre) and Ag.CEO Konza Technopolis Development Authority(KoTDA) John Paul Okwiri attending Investment in Smart Cities meeting on the Sidelines of the 3rd Kenya International Investment Conference at Safaripark Hotel in Nairobi on May 29, 2023. PHOTO | EVANS HABIL | NMG   

By KABUI MWANGI More by this Author

Kenya has signed strategic deals with the Korea Trade Centre the commercial wing of

World Bank okays Sh138bn for Kenya budget support

World Bank president, Ajay Banga. FILE PHOTO | AFP    

By JULIANS AMBOKO More by this Author

The World Bank has approved a Sh138 billion ($1.0 billion) budget support loan for

Safaricom launches new airtime soliciting service

A youth makes a call on her phone. FILE PHOTO | NMG    

By KABUI MWANGI More by this Author

Safaricom has unveiled a new airtime request service that allows subscribers to get top-ups from fellow network users in efforts aimed at boosting the giant telco’s

Kamau Thugge plans dollar bond to ease pressure on shilling

Nominee for the governor of the Central Bank of Kenya Dr Kamau Thugge before the Departmental Committee on Finance and National Planning at County Hall for vetting on May 30, 2023. PHOTO | DENNIS ONSONGO | NMG   

By EDWIN MUTAI More by this Author

The Central Bank of Kenya (CBK) governor nominee Kamau Thugge plans to float a

Mbamalu, Prime Business Africa Publisher, Selected for 2023 Jefferson Fellowships

 

Mbamalu, Prime Business Africa Publisher, Selected for 2023 Jefferson Fellowships

Dr Marcel Mbamalu, Publisher Prime Business Africa

LAGOS, Nigeria,-/African Media Agency(AMA)/- Foremost publisher and media ace, Dr Marcel Mbamalu, has been nominated to participate in the 2023 Jefferson Fellowships. Dr. Mbamalu is the publisher and editor-in-chief of Prime Business Africa, which also happens to be the only media outfit selected from Nigeria and the