Tag: Zanzibar

World Bank approves US$142m loan to integrate solar energy into Zanzibar grid

Frank

ZANZIBAR – The World Bank Group has approved US$142 million for the modernisation of Zanzibar’s electricity network and the integration of renewable energy and allow the electrification of 400,000 people in this Indian Ocean archipelago. Of this funding, US$117 million represents a credit from the International Development Association (IDA) while remaining US$22 million is a loan from the Clean Technology Fund (CTF), which is also providing a US$3 million grant. The funds will be used to implement the Zanzibar Energy Sector Access and Transformation Project (Zesta). The project is being…

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Axian Group led consortium signs an agreement to acquire Millicom telecom’s operations in Tanzania

Frank

TANZANIA – A consortium led by Pan- African group Axian, has signed an agreement with Millicom, an international telecommunications and media company, regarding the sale of its shares in Tigo Tanzania and Zantel in Zanzibar. The completion of the transaction is subject to customary closing conditions and regulatory approvals. The Axian-led alliance brings together distinguished experts in mobile communications, who have created and developed industry-leading brands in the Indian Ocean, Africa. Axian Group is a recognized pan-African infrastructures and services champion with strong entrepreneurial values and culture, focusing on long-term…

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Lufthansa to launch direct Frankfurt – Mombasa flights

Frank

KENYA – Eurowings, a wholly owned subsidiary of the Lufthansa Group will launch passenger flights from Frankfurt to Mombasa and to Zanzibar on March 31, 2021, targeting tourists planning to visit the East Africa region. The German carrier that resumed passenger flights to Nairobi in 2015 after an 18-year hiatus said the new flight will originate from Frankfurt Airport in Germany on an Airbus A330 aircraft that carries 283 passengers. The airline will fly two times per week coinciding with the traditional low season tourism period which at the Kenyan…

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Millicom-owned companies Zantel and Tigo merge their operations in Tanzania

Frank

TANZANIA – Two Millicom-owned companies are to officially merge. Zanzibar Telecom Public Limited Company (Zantel) has announced the completion of a combination with its sister company MIC Tanzania Public Limited Company (Tigo). According to a media statement, further to the receipt of approval from the relevant authorities, the process to transfer ownership of the shares in Zantel to Tigo is now complete. The successful closing will now see both companies combine their operations in the mainland and in Zanzibar. Commenting on the transaction, Simon Karikari, Managing Director of Tigo, highlighted…

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Vodacom Tanzania to roll out fourth generation network in Zanzibar

Frank

TANZANIA – Zanzibar residents will start to access faster mobile telecommunication after Vodacom Tanzania announced a plan to roll out 4G network in the next one year reports All Africa. The 4G network is the fourth generation of broadband network technology, succeeding 3G. Average 4G download speeds are between 8 and 10 megabits a second (Mbit/s), with possible instances of up to 40 Mbit/s. Typical upload speeds are between 5-6Mbit/s, with possible instances of up to 15Mbit/s. This is part of the company’s plan to extend services to the Isles,…

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Aleph Hospitality secures deal to manage two hotels in Zanzibar

Frank

TANZANIA – Aleph Hospitality a Dynamic independent hotel management company, has entered the Tanzanian market with the signing of a management agreement to operate two boutique resorts, the Moja Tuu and Hakuna Majiwe, in Zanzibar. The new management contracts, scheduled to take effect in October, mark Aleph Hospitality’s continued expansion in Africa, with its portfolio now stretching across five countries on the continent. Speaking at the African Hotel Investment Forum (AHIF), Bani Haddad, Founder and Managing Director of Aleph Hospitality, said: “Our entry into the Tanzanian market solidifies the company’s…

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