Orca Energy To Exit Tanzania Amid Heavy Investment Costs
Orca underscored that its withdrawal is part of a long-term strategy to preserve capital for shareholder dividends and to realize value from its Tanzanian assets.
Category: Business / Finance
Kampuni Ya Nishati Ya Orca Kuondoka Tanzania Kufuatia Gharama Kubwa Za Uwekezaji
Orca imesisitiza kuwa kujiondoa kwake kunalenga kulinda fedha kwa ajili ya mgao wa wanahisa na kutimiza mkakati wa muda mrefu wa kupata thamani kutoka kwa mali zake za Tanzania.
Tanzania Fuel Prices Jump as Global Crisis Bites
According to EWURA, the situation has disrupted oil production and supply routes, especially after attacks on oil facilities and the closure of the Strait of Hormuz, a key global route that carries about 20% of the world’s oil.
Kenya Ranked As East Africa’s Largest Economy And Gateway To Global Markets
Kenya’s GDP stood at about $125 billion in 2024 and is projected to surpass $130 billion in 2025
Kenya, Uganda double down on rail extension burdened by Chinese debt
The presidents of Kenya and Uganda met near their shared border Saturday to mark the multi-billion-dollar, long-delayed extension of a Chinese-built railway that has left Kenya heavily in debt.
Benki ya Dunia yazuia PwC Kenya na Rwanda kutokana ulaghai wa mradi wa umeme
Benki ya Dunia imezizuia PwC Kenya, PwC Rwanda na PwC Associates Africa kushiriki katika miradi inayofadhiliwa na taasisi hiyo kwa muda wa miezi 21 kutokana na ulaghai wa mradi wa umeme wa kikanda nchini Ethiopia.
World Bank Bars PwC Kenya and Rwanda From Projects Over Ethiopia Power Tender
The World Bank said the sanction follows findings of fraudulent and collusive practices connected to consultancy work under the Eastern Electricity Highway Project, which is part of the Eastern Africa Power Integration Program.
“We Are Not Going to Compromise Independence,” Rostam Aziz Says on Nation Media Deal
According to him, the future of the media group lies in expanding its reach, especially among younger audiences and emerging businesses.
Who is business mogul Rostam Azizi?
Rostam Abdulrasul Azizi was born on August 21, 196O, in the Igunga District of Tabora Region, Tanzania. He grew up…
Tanzanian Billionaire Rostam Azizi buys Kenya’s Nation Media Group
Rostam Azizi currently controls 54.08% of Nation Media Group, equal to 92,618,177 ordinary shares.
