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Synergy sues I&M Bank for Sh6bn over stalled 14 Riverside sale

Nairobi, July 3 -- The long-running dispute over the planned sale of Nairobi's 14 Riverside complex has taken a fresh turn after Synergy Industrial Credit sued I&M Bank and one of its senior executive... Read More


Bank of Tanzania raises benchmark rate to 6.25 percent as Middle East conflict heightens inflation risks

Tanzania, July 3 -- Dar es Salaam. The Bank of Tanzania (BoT) has raised its benchmark Central Bank Rate (CBR) by 0.5 percentage points to 6.25 percent for the third quarter ending September 2026, cit... Read More


Hindustan Zinc Adds HZDA 5 To BIS Alloy Portfolio

Mumbai, July 3 -- Hindustan Zinc has expanded its BIS-certified alloy portfolio after extending its BIS licence scope to include Hindustan Zinc Die-Casting Alloy 5, or HZDA 5. The certification confir... Read More


Gurugram Corridors Drive NCR Housing Investment

Mumbai, July 3 -- Magicbricks Research has reported that Delhi-NCR has the most centralised housing investment pattern among India's four largest urban markets, with Gurugram emerging as the region's ... Read More


Pune Metro Line 3 Adopts Third-Rail Power System

Mumbai, July 3 -- Pune Metro Line 3 is set to introduce a 750-volt DC third-rail electrification system, making Pune part of a select group of Indian cities using the technology for metro operations. ... Read More


ACE, KATO Form JV For High-Capacity Cranes In India

Mumbai, July 3 -- Action Construction Equipment Limited and Japan's KATO Works Co have announced ACE KATO Pvt Ltd, a 50:50 joint venture to manufacture high-capacity cranes in India for domestic and g... Read More


CNH Expands SES Programme to South India

Mumbai, July 3 -- CNH, a global agriculture and construction equipment company, has recently expanded its CSR initiative, Sustainable Environment Solution, across key agricultural regions in South Ind... Read More


Trane Launches HSWE Chiller for Asia Pacific

Mumbai, July 3 -- Trane Technologies has launched the HSWE magnetic bearing centrifugal chiller, developed specifically for the Asia Pacific market. The new system is designed for demanding cooling ap... Read More


Tanzania, Indonesia agree to increase value of bilateral trade, investment, technology transfer

DAR ES SALAAM, July 3 -- THE Tanzanian government has reaffirmed its commitment to strengthening trade relations with Indonesia by increasing the value of bilateral trade, investment and technology tr... Read More


Tourism Ministry offers promotional packages for its visitors at DITF

DAR ES SALAAM, July 3 -- THE Ministry of Natural Resources and Tourism has introduced a range of promotional offers and tourism packages for visitors attending its pavilion at the ongoing 50th Dar es ... Read More