See the list: Several of the world’s largest oil states threatened by bankruptcy

Several of the world’s largest oil states are threatened by bankruptcy, if the oil price continues to fall as it has done in recent years. The world’s largest oil exporter Saudi Arabia is already in danger of going bankrupt over the next five years due to the significantly lower oil prices, writes several international media. The wealthy kingdom is far from the only oil state, which risks throwing its population

Tanzania becomes east, central and southern Africa fiber optic information hub

Tanzania Telecommunication Company Limited (TTCL) plans to make its fiber optic cable to be the information hub in east, central as well as southern Africa.  In an exclusive interview with ‘The Guardian’ at the week end, the TTCL acting Chief Executive Officer, Peter Ngota said that it was one of the company’s long-term plans. He was reacting to a question after the final handing over of the fiber optic to

Parliament set to discuss rules to tame Safaricom’s dominance

Mobile telephony market leader Safaricom may be forced to split its businesses, subject interconnectivity fees charged to other providers to government approvals and share some of its platforms including its facilities and MPesa platform if proposals by the government are approved by Parliament. The 14 rules seen by the Sunday Nation promise to open a new battle front between Safaricom and Airtel who have been perennial rivals in the lucrative

PPF seeking contractor for 239bn/- Dar project

PPF Pension Fund is to secure a contractor to construct a 239bn/- water front development project in Ununio, Kinondoni Municipality—Dar es Salaam. The project is expected to kick off this August and the contractor will undertake construction of includes shopping malls, hotels, apartments and other areas for business. Godbless Robian PPF Senior Investment Officer said in Dar es Salaam yesterday at the wrapping up of a weeklong public service exhibition