Botswana food delivery startup MyFoodness rebrands as Yamee, expands to Tanzania

BOTSWANA – Botswana food delivery startup MyFoodness has rebranded as Yamee and announced its entry into the Tanzanian market with a launch in Dar es Salaam. A mobile commerce platform that focuses on increasing earning […]

East African Breweries to raise stake in Serengeti Breweries by 30%

EAST AFRICA – East African Breweries Limited (EABL) seeks to acquire an additional 30 percent stake in its Tanzanian subsidiary, Serengeti Breweries Limited, in a deal that will deepen its grip. The deal comes barely […]

Tanzanian agri-business firm to list on Dar es Salaam Stock Exchange

TANZANIA – Tanzanian agri-business company, JATU Plc is set to float shares to the public through Dar es Salaam Stock Exchange (DSE), with the focus of raising a total of Tzs 7.5bn (US$3.2m). The shares […]

Tanzanian company to undertake US$10.3m diary and aquaculture project

TANZANIA – KARAGWE Development Public Company Limited (KADERES-PLC) in Tanzania is finalizing plans to commence a diary and aquaculture project in Missenyi Ditsrict, North Tanzania by injecting capital of Tzs24 billion (US$10.3m). Kaderes Managing Director, […]

Tomra sorting group opens new regional headquarters in South Africa

SOUTH AFRICA – Tomra, a Norwegian multinational corporation and provider of reverse vending machine and sensor-based sorting solution has opened new regional headquarters in Johannesburg, South Africa. According to the company, the move strengthens its […]

Indian firm to establish sugar factory in Tanzania to boost production

TANZANIA – Indian sugar miller, Purandare Industries (T) Ltd, plans to establish a mega sugar processing factory in Tanzania’s capital, Dodoma. According to the company’s Managing Director, Satish Purandare, construction of the 20,000 acres factory […]

FAO receives US$10m towards fight against the East Africa desert locust infestation

EAST AFRICA – FAO has received a US$10 million donation from the Bill & Melinda Gates Foundation to support the fight against the Desert Locust upsurge in East Africa as the UN agency expanded its […]