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Strides Pharma sells stake in subsidiary Pivot Path to Ascent Capital for Rs 100 Cr

India, June 28 -- image credit- freepik Bengaluru-based Strides Pharma Science has announced a strategic investment by a consortium led by Ascent Capital, along with co-investor Vintage Classic, in i... Read More


Mining revenue hits 1.338tri/-

DAR ES SALAAM, June 28 -- THE countrys mining sector has generated 1.338tri/- in governmen t revenue this financial year, surpassing the 1.2tri/- target, Minister for Minerals Anthony Mavunde said yes... Read More


Tanzania targets more Chinese tourists

DAR ES SALAAM, June 28 -- TANZANIA has set a target of attracting 100,000 Chinese tourists annually by 2027, up from the current 82,000, as the government steps up tourism promotion in China. Tanzani... Read More


Government to revoke idle mining licences

MOROGORO, June 28 -- THE government has vowed to revoke mining licences that remain undeveloped and reallocate them to investors capable of advancing mineral exploration and mining activities. Perman... Read More


Experts back tax relief measures

DAR ES SALAAM, June 28 -- THE governments decision to abolish or reduce 374 fees and levies is expected to stimulate business growth, attract investment, create jobs and widen Tanzanias tax base, econ... Read More


Tobacco-growing nations push for stronger cooperation to protect sector's economic role

Tanzania, June 28 -- Dar es Salaam. Tanzania has called for stronger regional cooperation among tobacco-producing countries to safeguard the economic role of the crop, which it says supports millions ... Read More


Nedbank's buyout of NCBA gets regional approvals

Nairobi, June 28 -- The proposed acquisition of a 66 percent shareholding in NCBA Group by South Africa's Nedbank Group has secured unconditional approval from two key regional competition regulators,... Read More


Kapchorua, Williamson tap retained earnings to pay out mega dividends

Nairobi, June 28 -- Listed agricultural firms Williamson Tea Kenya and Kapchorua Tea Kenya will dip into their retained earnings to pay larger dividends that surpass their net incomes in the year ende... Read More


Tax returns go beyond meeting legal obligations

Nairobi, June 28 -- As Kenya pursues fiscal sustainability and economic transformation amid evolving economic realities, tax administration has a critical role to play. While public discourse often c... Read More


Micro traders push M-Pesa Pochi users past business tills

Nairobi, June 28 -- The proliferation of micro traders such as food vendors, kiosk owners, boda boda operators and second-hand clothes sellers has pushed adoption of M-Pesa's Pochi la Biashara wallets... Read More