Dar es Salaam. Good morning! The Chanzo is here with a rundown of major news stories reported in Tanzania on Thursday, January 27, 2022.
Travellers from Tanzania are finally allowed entry into Dubai after UAE lifted its ban on flights
The United Arab Emirate (UAE) has lifted a ban on flights from Tanzania and Kenya, paving way for travellers from the East African nations to enter the country after they have previously been prevented from doing so.
On December 20, 2021, through its National Crisis and Emergency Management Authority (NCEMA), UAE had put Tanzania in its suspension of entry for travellers and transit passengers list that include other African nations of Kenya, Ethiopia, and Nigeria.
It followed reports on the fourth wave of COVID-19 that was wreaking havoc on many countries in the world.
“United Arabs Emirates has lifted a suspension it had imposed on Kenyan flights,” Kenya Civil Aviation Authority (KCAA) director-general Gilbert Kibe told Kenya’s Bussiness Daily newspaper on Thursday without giving more details.
Apart from Tanzania, the UAE also announced the resumption of entry for passengers from Ethiopia, Nigeria, Congo, South Africa, Botswana, Eswatini, Lesotho, Mozambique, Namibia and Zimbabwe from January 29.
Travellers from those countries will be allowed entry into Dubai from Saturday, January 29, the Bussiness Daily reported.
Tanzania woes Burundian investors
Tanzania on Thursday welcomed investors from Burundi with the Tanzania Investment Centre (TIC) assuring them of “immense” opportunities that the country offers in such areas as agriculture and industry.
Briefing reporters after vising a multi-million dollar organic fertiliser factory being built at Nala, in the capital Dodoma yesterday, TIC Executive Director Dr Maduhu Kazi told said President Samia Hassan visited Burundi last year and the establishment of the factory was an expected result of her visit to the neighbouring country.
“Our hope is that the Intracom Limited [the owner of the factory] will be our good ambassadors in engaging Burundian investors to come and invest in Tanzania,” Dr Kazi Burundian dignitaries who were present at the launching ceremony.
The factor is expected to be completed in 2024 and targets are that it produces 600,000 tonnes of fertiliser annually.
The project is said to be implemented by 52 per cent and is expected to buy animal droppings from smallholder livestock keepers countrywide.
Dr Kazi is optimistic that in a ten-year operation, the factory will help Tanzania save $3.5 billion that would be spent on importing fertilizers.
About 3000 direct jobs and 1500 indirect jobs are expected to be created by the factory.
Tanzanian fintech NALA raises Sh23 billion
A Tanzanian cross-border payments company NALA said Thursday it has raised $10 million (about Sh23 billion) in a new fundraising round.
The money comes almost three years after NALA secured a seven-figure pre-seed round led by Accel in 2019 after the company built a mobile money service in East Africa and scaled it to more than 250,000 users.
In 2021, NALA started testing international money transfers after some users expressed interest in moving money from the U.K. to East African countries (Kenya, Uganda and Tanzania), thus ushering the Tanzanian fintech into the remittance business.
“Our core customer base is the diaspora right now who live in the U.K,” founder and CEO Benjamin Fernandes told tech website TechCrunch. “This is the customer we’re currently serving today as we speak,”
Fernandes added that the company has also secured license approvals to go live in the U.S. and the E.U., which will be going live in a month and a half in at least one other E.U. country, probably France.
NALA, currently present in Tanzania, Kenya, Uganda, Rwanda, Ghana and South Africa, plans to be live in 12 African countries by the end of the year, including Nigeria.
“We don’t want to be compared to a regular remittance company, and people will do that naturally. But we think remittance is just the starting point for what we’re going to build,” Fernandes says to TechCrunch.
“My take is that payments across the continent are 1per cent built, and there’s a lot of infrastructure and software that needs to be built deeply,” he adds. “That’s where we want to sit and this $10 million round is going to do a lot of that.”
This is it for today and we hope you enjoyed our briefing. Please consider subscribing to our newsletter (see below) or following us on Twitter (here) as that is the best way to make sure you do not miss any of these briefings. And in case you have any questions or comments, please consider dropping a word to our editors at email@example.com.