MeTL invests Sh80bn in carbonated beverages

Tanzania needs at least $50 million (Sh80 billion) to revive sisal production to reach the levels the country enjoyed in the first 15 post independence years, according to stakeholders of sisal industry.

>Tanzania’s Development Partners have agreed to release a further $44 million (about Sh80 billion) through the General Budget Support (GBS) after they were satisfied by measures taken over the Tegeta escrow account scam.

>Tanzania National Roads Agency (Tanroads) yesterday gave its version of the story on how billions of shillings set for road projects were misused—but fell short of  explaining the whereabouts of Sh80 billion that cannot be traced or accounted for.

Snapchat recently introduced advertising to its platform, in a bid to start generating revenue
Chinese internet giant Alibaba has invested approximately $200m (£133m) in a stake in messaging application Snapchat, the BBC understands. That values the four-year old firm at nearly $15bn (£10bn)makes it one of the world's most valuable start-ups. Snapchat allows users to send text and picture messages which disappear in 10 seconds. Snapchat says its users send 700 million snaps daily, recently...

OnePlus invests $30M into 5G research and development  CNETOnePlus to invest $30M for 5G development - GSMArena.com news  GSMArena.comOnePlus 8 & OnePlus 8 Pro certified by China's TENAA  gizmochinaOnePlus 8 will be a real threat to Samsung Galaxy S20 with this feature  Tom's GuideT-Mobile restocks OnePlus 7 Pro after almost 5 months - GSMArena.com news  GSMArena.comView Full coverage on Google News

>Regional retailer Nakumatt Holdings invested $2 million (Sh3.2 billion) in its new branch in Arusha as it seeks to double the formal retail penetration in East Africa in the next ten years.

Women empowerment will be front and centre in 2014 as more companies, communities and countries invest in women's entrepreneurship. CNBC Africa spoke to Juliet Kairuki, executive director at the Tanzania Investment Center.

Facebook invests $100M in journalism as COVID-19 makes it more vital than ever  The Verge

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