Tanzania orders multinational mining firms to open local bank accounts
Tanzania has directed multinational companies operating in the country's extractive sector to open local bank accounts so authorities can scrutinise their finances.
Tanzania
Tanzania's central bank approves merger of Twiga Bancorp and TPB Bank
The Central Bank of Tanzania (BOT) has authorized the merger of Twiga Bancorp Limited and TPB Bank Plc with effect from 17th May, 2018, the Deputy Governor Bernard Kibesse has announced in Dar es Salaam on Wednesday.
Tanzania: Central bank closes five banks
The Bank of Tanzania (BoT) has moved to shut five non-performing lenders down in a bid to protect the stability of the neighbouring country's banking system.
Tanzania signs $154m contract with Chinese firm to expand main port
Tanzania's government signed a $154 million contract on Saturday with the state-run China Harbour Engineering Company (CHEC) to expand the main port in the commercial capital, Dar es Salaam.
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