Financial services firm gets $20m for Africa expansion

One of the leading operators of masts for mobile phones in Africa, Eaton Towers, has put together $350m for new acquisitions, alongside a major deal in Egypt.

Following a year of growth and progress in its business, pan-African telecommunications enabler Seacom will be hunting for growth in new African territories in 2014, as well as continuing its evolution from a cable operator into an infrastructure provider that offers a range of IP solutions to service providers and operator customers.

DongXing International Ltd, a real estate company is implementing a residential housing project along Msasani Beach targeting both upper and middle income earners.

Smile Communications Tanzania has announced expansion of its 4G LTE mobile broadband network and services in the regions of Mbeya, Mwanza, Moshi, Dodoma and Morogoro.

A Chinese plastic recycling company plans to expand its operations in the country by establishing more factories.

The majority shareholder in Shirika la Usafiri Dar es Salaam (UDA), Simons Group will buy 20 modern buses and dispatch them on upcountry routes, the company announced recently.

The number of Tanzanians making use of financial services reached 57.4 per cent of the adult population in 2013. This growth, a Finscope Survey shows, was pushed substantially by the expansion of mobile phone cash technology.

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Mratibu wa Bima ya Elimu kwa Uwapendao kutoka Taasisi ya Kifedha ya Bayport Financial Services, Ruth Bura, kushoto akimkabidhi hundi Latifa Juma yenye thamani ya Tsh 3,000,000, baada ya mzazi wake Juma Said, aliyekuwa Mchapa Vitabu wa Shule ya Uhuru Mchanganyiko, jijini Dar es Salaam. Kulia ni mume wa Latifa, anayeitwa Bakari Msumi. Picha zote kwa Hisani ya Bayport Financial Services.
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