Money News - In Brief

Mergers, Acquisitions and Financial Results

- A report in the Guardian newspaper says the government of Tanzania is preparing to acquire the remaining 35% it does not already own of national incumbent Tanzania Telecommunications Company (TTCL), after the Zain group pulled out of the partnership.

- Angola Reserve Bank (BNA) is considering the introduction of payment system by cell phone, announced in Luanda the deputy-director of Payment System and Banking Operations Department, João Cose.

- The United States has announced a US$498,000 technical assistance grant to the Bank of Tanzania for modernizing its information and communications technology infrastructure, necessary to increase efficiency in its critical role of maintaining price stability.