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Its expected average annual output of 181 GWh whill meet the electricity needs of as many as 133,649 Kigoma households, bringing the region’s electrification rate more closely in line with the rest of the country.
Total capital investment in the project comes at USD 26 million over a 24-month construction period. The investment will be funded by Shanta’s internal cash flows. Expected annual production is projected at 32,000 ounces over an initial life of mine of seven years.
The Bank of Tanzania (BOT) Monthly Economic Review of July 2020 shows that in the year ending June 2020 exports continued to improve as many economies were re-opened from the COVID-19 pandemic lockdown.
Most lenders offer loans for home purchase and equity release while a few offer loans for self-construction which mostly continue to be beyond the reach of the average Tanzanians.
To celebrate its 25th anniversary, Stanbic Bank has launched an entrepreneur grant meant to foster and grow Tanzanian businesses.
The Tanzania government has outlined a massive plan to tame traffic snarls-up on Dar es Salaam's roads and save billions of shillings Tanzania's economy loses daily.
THE Mwanza regional administration has officially launched 'Mwanza Investment Guide (MIG)' to propel investor interest in the Lake Victoria-side region that has all the hallmarks of one of fastest growing economic hubs in the East African regional bloc.
Dar es Salaam — A delegation of 15 Germany companies are in the country to explore business opportunities in infrastructure, education, technology, machinery and energy (oil, gas and hydropower).
Barrick Gold Corporation (NYSE:ABX)(TSX:ABX), the main shareholder (63.9%) of Acacia Mining (LSE:ACA) (DSE:ACA) – Tanzania’s largest gold mining company – has reached an agreement with the Tanzanian government in relation to the ongoing tax dispute.