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Visa Powers Africa’s Digital Payments Revolution with New Fintech Investments

November 11, 2024
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| Africa, Financial News

Visa Makes Strategic Investments in Four Leading African Fintech Startups By Elizabeth Antidius Shumbusho | Africa Guardian Visa, a global leader in digital payments, has announced strategic investments in four fintech startups that graduated from the inaugural Visa Africa Fintech Accelerator program. These investments reinforce Visa’s commitment to fostering digital innovation across Africa, advancing fintech growth, and enhancing financial…

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TAMFI Hosts Advocacy Meeting to Address Opportunities and Challenges in Microfinance

October 9, 2024
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| Financial News

Our Correspondent | Africa Guardian Dar es Salaam – The Tanzania Association of Microfinance Institutions (TAMFI) convened an impactful advocacy meeting on October 4, 2024, in Dar es Salaam, bringing together stakeholders from across the microfinance sector to discuss ways to improve financial inclusion and address the challenges facing the industry. The meeting, held at Seashells Millennium Hotel, aimed…

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African Development Bank Unveils Country Focus Reports to Boost Africa’s Economic Transformation

August 23, 2024
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| Financial News

By Edson Baraukwa | Africa Guardian The African Development Bank (AfDB) has introduced Country Focus Reports (CFRs) aimed at enhancing policy dialogue on the macroeconomic performance and future prospects of individual African nations. These reports are designed to provide strategic guidance on mobilizing private sector investment and leveraging natural capital finance to support the continent’s climate resilience and green…

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Africa: Tax application stays are distorting intra-EAC trade, Nduva cautions

August 19, 2024
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| Financial News

Stay of application and duty remission for industrial inputs are part of measures adopted n 2020 by the EAC The East African Community Secretariat has cautioned the private sector in partner states against frequent requests for stay of application of tax on products that are readily available in the region. Speaking during the Kenya Private Sector Alliance (Kepsa)-EAC Secretary-General…

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Gates Gives $40 mln to Boost Access to mRNA Vaccines in Africa 

October 9, 2023
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| Financial News

The Bill & Melinda Gates Foundation will give $40 million, including to a Belgian biotech company and two leading African vaccine manufacturers, in a bid to boost access to mRNA vaccines for protection against various diseases in Africa. Nivelles-based Quantoom Biosciences will get $20 million to advance work on its mRNA manufacturing platform, while the Institut Pasteur de Dakar…

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IMF praises Tanzania’s compliance with economic reform plan

August 2, 2023
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| Economy, Financial News

The International Monetary Fund (IMF) Deputy Managing Director Bo Li has concluded his visit to Tanzania with a firm commitment towards supporting the country’s efforts in unlocking its development potential. Mr Bo applauded the Tanzanian authorities’ efforts in implementing the country’s economic reform agenda. “I commended the authorities’ commitment to preserving Tanzania’s macroeconomic stability in a challenging global environment,”…

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Africa Business Weekly: Bridging the $1.8bn Africa financing gap

July 10, 2023
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| Economy, Financial News

Africa Business Weekly on CNBC Africa brings you the most impactful business stories across sub-Saharan Africa every week. From the capital markets to economic news affecting the regions from East, West ad Southern Africa, we will speak to the major newsmakers from across the sub-Saharan Africa region to get exciting and unique angles to the stories shaping the continent.

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Bank of Tanzania takes measures to tackle dollar volatility

June 3, 2023
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| Financial News

The Bank of Tanzania (BoT) has issued new directives aimed at controlling foreign exchange trading in the country a directive that comes at a time when several African countries are struggling with the dollar shortage including Kenya The directive was issued by BoT Governor Emmanuel Tutuba and takes effect from today, Thursday, June 1, 2023. The new controls impact…

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Energy companies conclude talks with Tanzania on LNG

May 20, 2023
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| Energy, Financial News

International Energy Companies (IEC) that are involved in negotiations with the government of Tanzania on the LNG project have said that there has been a breakthrough in talks between the two sides. In his social media post, Jared Kuehl, Shell’s Vice President for Tanzania and Country Chair, said the energy companies (IEC) have concluded the negotiations with the government…

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Tanzania: What Sh200 billion additional funding for agriculture means

May 9, 2023
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| Agriculture, Financial News

Summary Key development projects to be executed include expanding irrigation infrastructure to stimulate agricultural productivity and economic growth Dar es Salaam. The government will spend Sh198 billion more on agriculture development projects in the next financial year after increasing its total budget for the sector to Sh970 billion. Key development projects to be executed include expanding irrigation infrastructure to…

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