Low Battery? New Tech Lets You Wirelessly Share Power.

It's any phone-obsessed person's nightmare: you're out, your phone's battery is depleted down into the red zone, and there's not an electrical plug in sight. But one day, mobile and wearable devices could engage in "power-sharing," by wirelessly charging each other on the go, researchers say.
This innovative solution could help people easily recharge mobile or wearable gadgets, particularly for tasks such as emergency phone calls, the scientists added.
Mobile and wearable devices are now virtually everywhere, but their battery lives remain limited, with many lasting for less than a day.

ISS Awarded Paragon Offshore Project in Tanzania

Inchcape Shipping Services (ISS) has been appointed by Paragon Offshore, Houston, as marine and logistic services provider for a new drilling campaign off the Songo Songo Islands, Tanzania – the first new commercial drilling project in Tanzania in a number of years.
ISS is providing a range of services for Paragon Offshore including full

DSE launch Mobile Trading

The Dar es Salaam Stock Exchange (DSE)  its DSE Mobile Trading.  DSE Mobile Trading is a new technology that now enables individual mobile telephone users to register onto the stock exchange and purchase shares in the companies listed on the exchange.
In order to join DSE Mobile Trading, mobile phone users can dial *150*36# 

Crude oil price sink below $ 41.35

The price of crude oil hit its lowest level  for the first time in 6 years  amid concerns over a slowing economy in China, a huge energy consumer, and strong global production.

The U.S. crude contract fell as low as $41.35 a barrel, the weakest level since early 2009, when the global economy was in the throes of a massive financial crisis

Inflation rises to 6.4% in July

Tanzania's inflation jumped in July due to rising prices of both food and non-food items. The National Bureau of Statistics (NBS) said inflation rose 6.4 percent year-on-year in July, from 6.1 percent a month earlier, while the month-on-month inflation rate rose to 0.4 percent from 0.2 percent. According to NBS some of the non- food items that contributed to such increase included gents wear by 8.6 per

Ford to start assembly in Nigeria

Ford Motor Co will start assembling its Ford Ranger pickup truck in Nigeria by the fourth quarter, as it expands in Africa and the Middle East.
The Nigerian assembly plant, in partnership with Ford dealer Coscharis Motors Ltd., is the first outside South Africa, where Ford produces the Ranger for 148 markets, the automaker said

New Vodacom MD for Tanzania

Vodacom Group has appointed Ian Ferrao as the MD of its Tanzania subsidiary, Vodacom Tanzania. Ferrao is currently the MD of Vodacom Lesotho. He was promoted to Managing Director of Vodacom Lesotho in February 2013.

China devalued yuan by 2%

China's central bank  just devalued its currency by 2% to boost economy.The central bank described as a "one-off depreciation" based on a new way of managing the exchange rate that better reflected market forces, triggered the yuan's biggest fall since 1994, pushing it

List of Africa'n countries with highest number of millionaires

Since 2000, the number of people in Africa with assets worth $1 million or more has grown by 145%, according to data by the research firm New World Wealth. This is twice the global average over the same time. And within the next decade, the figure is expected to grow another 45%.

JK launch Tanzania'n Bank of farmers

Tanzania president Jakaya Mrisho Kikwete has launch first Tanzania's bank of farmers today. Tanzania’s first national bank for farmers, Tanzania Agricultural Development Bank (TADB), aimed at bringing a focused approach to agricultural financing.  The bank will catalyse delivery of credit and related
services to agricultural value chains, including a wide range of short, medium to

Greek Stock Market crashes as market reopens

The main Athens Stock Index,the Athex, has fallen by 23% as trading resumes after a five week-closure. Bank shares suffered most,the Nation's top four lenders Piraeus Bank, National Bank,Alpha Bank and Eurobank where biggest fallers all down by 30% the maximum allowed.

IMF approves 1.7 billion dollars for Ukraine

The International Monetary Fund (IMF) said Friday that its executive board approved 1.7 billion U. S. dollars of loan disbursement to Ukraine. The disbursement is part of the IMF's four-year financial assistance program worth 17.5 billion dollars for Ukraine, and will bring total disbursements under the program to 6.68 billion dollars.
The new disbursement came after the IMF completed its first review of the government's progress under the

Top African Universities

Times higher Education reveal top 30 universities in Africa. Institutions from 10 countries feature in a top 30 whereby South Africa dominates a snapshot of what a new ranking for African universities could look like, making up two-fifths of the institutions in the list.
Egypt is the second most-represented country, with six universities in

From TTCL

TTCL, Tanzania's leading telecoms operator, announce this week exciting new digital capabilities with the launch of 100% national broadband coverage. Thanks to their new high speed satellite broadband service, homes and businesses now have the opportunity to enjoy a broadband connection to the internet of up to

KQ announces annual loss

The losses announced at the Kenya Airways’ investors briefing were 25.7 billion Kenya shillings ( US$290 million).  Finance Director Alex Mbugua told investors that the airline has been hit by competition from Gulf carriers.
According to reports, competition

U.S.A Cuts Off Tanzania Bank

U.S. authorities severed access to the U.S. financial system for a Tanzania-based lender they accuse of facilitating money laundering.U.S. financial institutions are now barred from opening or maintaining accounts at FBME Bank Ltd., said the U.S. Department of Treasury’s Financial Crimes Enforcement Network, or FinCEN. The bank was named last year by FinCEN as a “financial institution of primary money laundering

IMF confirms receiving request for a new Greek loan

The International Monetary Fund said on Friday it had received a letter from Greece seeking a loan facility.
"We will discuss with the Greek authorities and with our European partners the timing and the modalities for the discussions," the IMF added in a short statement. Finance minister Euclid Tsakalotos writes to

BA suspends flights to Entebbe

British Airways has said it is stopping all flights to and from Uganda as they are "no longer commercially viable".

The last flight out from Entebbe airport to London's Heathrow will depart on 3 October 2015, the UK carrier said.

British Airways operates four flights a week to Entebbe.t offers the luxury of direct flights from Uganda to the UK, but some

From Apple, Huawei and Microsoft

Apple has posted a record third quarter as soaring demand for iPhone sent profits higher. The company sold 47.5 million iPhone in the quarter to 27 June,up 35% on a year ago,With Mac computer sales up 9% to 4.8 million. Apple profit rose by 38% to $10.7bn while revenue was up 33% to $49.6bn

The Chinese company (Huawei) said its global

Airtel to sell some of its subsidiaries

Bharti Airtel, India’s largest telecom operator, has entered into exclusive talks with France's Orange to sell its subsidiaries in Africa.
According to a company statement, Orange and Bharti Airtel International (Netherlands) have entered into an exclusive agreement “to explore the possible acquisition by Orange of Airtel’s subsidiaries in