Business News

Tanzania Holds Key Interest Rate Steady for Third Time

Tanzania’s central bank has again decided to keep its key interest rate unchanged, marking the third consecutive time this policy has remained static. This decision, announced recently, signals a continued cautious approach by the Bank of Tanzania (BoT) to managing the country’s economic landscape. Let’s delve deeper into the implications of this move. Why the […]

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Business News

Amsons Group Buys Bamburi Cement for KSh 23 Billion

In a significant move within the East African cement industry, Tanzania’s Amsons Group has acquired a controlling stake in Bamburi Cement for a staggering KSh 23 billion (approximately $150 million USD). This acquisition marks a major shift in the regional cement landscape and signals Amsons Group’s ambitious expansion plans. A Landmark Deal for East Africa’s […]

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