Tag: Tanzania

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Tanzanian richest bizman eyes $100m stake in Dangote’s E’Africa refinery

Tanzania’s richest businessman, Mohammed Dewji, has expressed his readiness to invest $100m in Aliko Dangote’s proposed $17bn refinery in East Africa, in a move that underscores growing investor confidence in the multibillion-dollar project, according to a Bloomberg report on Friday. Dewji disclosed his interest in an interview, saying he would prefer the refinery to be […]

Standard Chartered initiates $1 billion share buyback
Investment

Standard Chartered secures $2.33bn for Tanzania’s rail project expansion

Standard Chartered has provided a $2.33 billion syndicated financing facility to support key sections of Tanzania’s Standard Gauge Railway project, marking a major milestone in East Africa’s infrastructure development drive. The financing was disclosed in a statement published on the bank’s website on Wednesday. It will support the construction of Lots 3 and 4 of […]