Company in Tanzania

  • Ali Mufuruki, Chairman, CEO Roundtable

    TANZANIA, 2017/09/06 On inclusiveness in the private sector What role is the private sector playing in 2017, and how do you see this developing? ALI MUFURUKI: The central prerogative of the private sector is to have the government be additional open to engagement and dialogue – to appreciate the fact that this is a partnership, while considerate that due to the history of our country, such a relationship is complicated. Before there was not a lot of faith in the private sector, but instantly there is a critical need for cooperation to plan for the next.
  • Africa: Expanded Engagement for Caterpillar - Boosting Sales & Alleviating Poverty

    BOTSWANA, 2017/07/16 A strong signal of growing business engagement with Africa by large U.S. corporations was the announcement last September by Caterpillar CEO Doug Oberhelman of plans to invest over $1 billion in Africa over the next five years. Caterpillar is not a new-comer, having begun doing business on the continent in 1926. At last month's U.S.-Africa Business Summit in Washington, DC, David Picard, Caterpillar's regional manager for Africa and the Middle East, described some of the steps that have been taken since last year's announcement. He as well talked about the challenges and opportunities he sees, inclunding Nigeria, where the company has operated since 1948. He was interviewed by AllAfrica's Noluthando Crockett-Ntonga and Ladi Olorunyomi from Premium Times in Nigeria. The interview has been edited for clarity and length.
  • Tanzania Breweries now partners with traditional liquor outlet owners

    TANZANIA, 2016/06/13 Tanzania Breweries Ltd (TBL) plans to expand the market for its traditional liquors Chibuku and Nzagamba, by using existing “drinking dens” as outlets and the owners as agents. TBL managing director Roberto Jarrin said integrating traditional beer makers in the business would save the brewers some of the costs of making the liquor. “This will save them time and laborious preparation of the brew as they will be selling our DarBrew brands at a profit,” he said.
  • Jaguar Land Rover on its business in sub-Saharan Africa

    ANGOLA, 2015/12/11 Nigeria and Angola remain two of Jaguar Land Rover’s major markets in sub-Saharan Africa, according to the company’s director of operations for the region, Nigel Clarke. This is despite both economies feeling the result of the drop in oil prices over the last year. Angola gets roughly two-thirds of its revenue from oil. The luxury car manufacturer, with its sub-Saharan headquarters in Pretoria, exports the bulk of its vehicles to eight markets in the region – Angola, Ghana, Kenya, Mauritius, Nigeria, Tanzania, Zambia and Zimbabwe. However, over the next two years Jaguar Land Rover will focus on growing its business in six smaller markets – Senegal, Côte d’Ivoire, Gabon, Congo-Brazzaville, Malawi, Mozambique – through local country partners. “Due to the expansion of our office in Pretoria and the fact a lot of of our processes and systems are presently in place, which has taken a long time, we are much additional ‘fitter’ to take on these markets.”
  • Philip Morris International the largest buyer of tobacco in Tanzania

    UNITED STATES, 2015/10/31 Philip Morris International (PMI) (pmi.com), the major buyer of tobacco in Tanzania, is ramping up efforts to implement its Sustainable Tobacco Production model part the country’s 65 000 contracted tobacco-growing families. PMI purchases tobacco from three suppliers in Tanzania, contributing additional than US$150-million annually to the economic development of the country’s rural areas.
  • Tanzania's METL Group eyes Africa expansion as middle class grows

    ZAMBIA, 2015/05/03 Manufacturing and trading firm Mohammed Enterprises Tanzania Ltd, one of the country's biggest private employers, said on Friday it would invest $250 million to expand its business in Africa to capitalise on a growing middle class request. Chief Executive Officer Mohammed Dewji as well told Reuters he was upbeat about prospects in Tanzania, whose economy has been growing at about 7 % a year and which he said could accelerate to 10 % as natural gas finds were exploited. Despite the world financial crisis, African economies have recorded some of the fastest increase rates outside Asia, creating a bigger middle class and drawing local and foreign investment .
  • Chief Executive Officer Segun Agbaje

    KENYA, 2013/04/09 Guaranty Trust Bank Plc (GUARANTY), Nigeria’s major lender by market price, will open units in Kenya, Tanzania and Uganda as it seeks to expand in East Africa, Chief Executive Officer Segun Agbaje said. The bank will “acquire lenders that are not that large, but profitable in those nations in the short term,” he said in a conference call from Lagos, the commercial capital.
  • Tanzania's Emelda Mwamanga

    TANZANIA, 2013/03/17 Nine years ago, without any experience in journalism, Tanzania's Emelda Mwamanga started her country's first lifestyle publication, Bang! magazine, which now also reaches audiences in neighbouring Uganda, Kenya and Zambia.