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Sat, Feb
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THE Bank of Tanzania (BoT) has set new targets of achieving usage of formal financial services under the National Financial Inclusion Framework (NFIF 2014/17) of having 80 per cent of adult population using a financial access point.

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A CYBER security firm in network and endpoint security has introduced a new solution to enhance data protection capabilities and allows Information Technology managers to oversee devices used throughout the organization using a simple interface and intuitive workflows.

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FIFTY best local brands will be picked during a four-day expo in Dar es Salaam later this month and will be marketed at an African Standard event and continental free area exhibitions.

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DEMAND for the treasury bills auction has continued to be impressive after posting an overly subscription by 86.78bn/- with yields across all tenures making slight increase.

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A MASSIVE float glass manufacturing company is under full-swing construction in Mkuranga, Coast Region with the aim to meet the increasing demand for glass products in Tanzania and other East African nations.

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THE government has pledged continued support to property and business formalisation programme to lift the poor who are currently stuck in the informal sector and denied access to loans using their so-called “dead capital.”

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TANZANIA’S success in mobile money payment owes much to a bold stance taken by regulatory authorities to allow innovations to grow instead of killing it with too many rules.

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STATE-owned gold mining company STAMIGOLD projects to produce 36,000 ounces (oz) worth US$42 million (about 85bn/-) this year.

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VODACOM Foundation in partnership with T-MARC Tanzania announced the launch of an SMS campaign that aims to create awareness and provide relevant, life-changing information on menstrual hygiene and the management thereof.

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THE Bank of Tanzania (BoT), plans to continue pursuing tight monetary stance, using various instruments to contain excess liquidity in the economy to check inflation.

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NATIONAL Economic Empowerment Council (NEEC), expects to start training of new desk officers in the field. The decision comes a day after the Prime Minister, Kassim Majaliwa launched the National Multisectoral Strategic Framework for Economic Empowerment (NMSFEE), in Dar es Salaam on Tuesday.

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WOOLWORTHS stores in Tanzania have introduced a campaign to reward its customers in a shopping promotion drive.

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GOLD mining company Acacia Mining is looking to go beyond Tanzania into Kenya and West Africa. Acacia CEO Brad Gordon told the 2016 Investing in African Mining Indaba that the company’s growth had stemmed from a focus on business fundamentals, people and relationships.

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INCREASED exports of goods and services coupled with decline of imports narrowed the current account deficit by 44.2 per cent to 1,161.9 million US dollars in the first six months of the 2015/16 fiscal year compared to 2,081.1 million US dollars of the previous period.

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TANZANIA shilling gains against the dollar with steady inflows of the greenback. According to CRDB financial and market highlights, the increasing demand from the energy and manufacturing sectors however, may put some pressure on the local currency in the near future. The shilling closed at the levels of 2153/2193.

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ISLAMIC banking leaders and dignitaries from across Africa and the Middle East gathered in Khartoum, Sudan yesterday for the 2nd annual International Forum on Islamic Finance (IFIF 2016).

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TANZANIA financial and banking sector has remained sound and stable with levels of capital and liquidity above regulatory requirements.

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ECONOMY growth is projected to rise to 8.1 per cent in 2018 from 7.0 per cent last year on the back of improved and stabilized electricity supply from the natural gas reserves in Lindi and Mtwara Regions.

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COMPANIES going public through a stock exchange can save the firm’s advertising cost for its goods and services.

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AIRTEL Tanzania yesterday announced that it was embarking on “strategic rightsizing” exercise to reposition its business and enhance delivery of its services.

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THE government will sign contracts for credit rating services with two agencies in November before it issues its maiden sovereign bond later in the next financial year.

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THE government has pledged to provide technical support to local investors to enable them make informed investment decisions particularly on small scale industries.

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THE week on week market turnover at the Dar es Salaam Stock Exchange (DSE) increased three times to 11.33bn/- equivalent to 215.59 per cent rise compared to 3.59bn/- of the previous session.

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THE Court of Appeal has allowed the National Microfinance Bank (NMB) to challenge the decision of the High Court in relation to payments of 615m/- to businessman Augustino Wesaka Gidimara, who trades as Builders, Paints and General Supplies.

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LOW demand greeted the first 10-year treasury bonds to be auctioned in 2016 that ended up undersubscribed. Statistics show only one 10-year Treasury bond out of four auctioned last year became overly subscribed while the others were less attractive to investors.

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SINGITA Grumeti Reserves (SGR) and Grumeti Fund (GF) have jointly donated various learning equipment to the newly established Saint Lindaliva Justo Vocational Training (VETA) centre in Tarime District, Mara Region.

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 TWIGA Bancorp Bank has set aside 5bn/- to be loaned to various entrepreneurs through their village community banks (VICOBA) to boost their income generating activities at national level for the financial year 2016.

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PROCUREMENT and Supplies Professionals and Technicians Board (PSPTB) has decried obsessive secrecy on procurement contracts, pleading with public offices to allow professional students access to the documents in the course of collecting research data.

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THE private sector will still shoulder the burden of cracking the problem of unemployment in the country but the government will ensure that all the required infrastructure to facilitate them is in place.

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A PROJECT to improve incomes and livelihoods of cassava farmers by researching and tapping into and implementing best agricultural practices has been launched.

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THE shilling made couple of gains against the dollar in the first trading sessions of the month that was largely buoyed by the end of month inflows from the corporate sector.

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FRENCH oil and gas company Total has acquired stakes in two solar power start-ups via its $150 million Total Energy Ventures venture capital fund as it expands in renewable energy.

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EAST Africa coffee stakeholders have embraced renovation and rehabilitation (R&R),initiative as the most effective strategy to address dwindling coffee production and quality in the region.

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