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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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BANKS have said they support government directive for public institutions to transfer their revenue collection accounts to Central Bank, saying it will not cripple the banking industry daily operations.

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THE government will consider listing at the Dar es Salaam Stock Exchange by 2024 entities that will be formed after restructuring of power utility firm, Tanzania Electric Supply Company.

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CONSTRUCTION of three big cashew nut processing factories is scheduled to start early in the 2016/17 fiscal year, with the country’s processing capacity poised to rise to 30 per cent from the current 10 per cent.

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AFRICA-FOCUSED junior oil firms Aminex and Solo Oil reported Monday that the Kiliwani North-1 well in Tanzania is set to start production this month and the well is currently undergoing final well integrity testing.

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EXIM Bank announced pretax un-audited profit of 35.3bn/-for the year that ended December 2015, posting a robust growth of 46 per cent over previous year.

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AIRTEL Tanzania plans to start trainings to youth entrepreneurs through mobile phones as it rollouts the second phase of Airtel Fursa.

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WORKS, Transport and Communications Minister, Prof Makame Mbarawa, has directed construction firms to offer employment contracts to its labourers in accordance to their profession so as to improve efficiency in implementation of the construction projects.

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FASTJET says there will be up to 1,000 more seats per day available to its Tanzanian customers thanks to the addition of another Airbus A319 to its current fleet of four aircrafts.

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DESPITE month end tax and salary obligations, active investors’ participation in the treasury bills was witnessed at the auction that attracted bids for over three times over subscription.

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A MOROGORO based sportswear factory has been hailed for maximizing production and employing Morogoro residents, particularly women.

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THE NMB Bank has donated 730 desks to 15 primary schools in Kiomboi township in Iramba District, Singida Region last Friday as contribution from its corporate social responsibility to ease shortage of desks in the country.

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CRDB Bank has posted an increase in net profit of almost 46 per cent in 2015 to cement its position as the biggest bank in terms of balance sheet and branch network.

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THREE counters dominated market turnover at the Dar es Salaam Stock Exchange (DSE) last week by 93.6 per cent.

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THE Kagera Regional Commissioner (RC), Mr John Mongela has appealed to local and foreign investors to plan for massive investment and benefit from opportunities available in his region.

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THE East African Legislative Assembly (EALA), is calling on the EAC partner states to commence the process of uniformly abolishing work and residence permit fees as well as in the facilitation of portability of social benefits.

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FIRMS in oil and gas have formed a consortium which will provide initial investment needed to develop and establish a database supporting system for local suppliers.

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DIRECTORS of Acacia Mining, including CEO Brad Gordon, would take a 10 per cent cut in salaries in the 2016 financial year as the firm sought to reduce operational costs and deliver an increase in free cash flow.

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NATIONAL Microfinance Bank (NMB), the largest bank in profitability, has posted a net profit increase of slightly under 10 per cent, in the last quarter of 2015.

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ADDAX Energy SA yesterday won the tender to supply petroleum products in the country for March, beating other competitors after presenting the lowest bid.

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AGRICULTURAL stakeholders yesterday pushed for wide dissemination of relevant agriculture related information to transform the sector which is widely touted as the backbone of the national economy.

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DESPITE being among the fastest growing insurance industry in Sub-Saharan, Africa, Tanzania’s insurance market is still very low compared to other countries in the region, a report has indicated.

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SERENGETI Breweries Limited (SBL), has pledged to continue assisting its business stakeholders scattered throughout Tanzania.

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THE People’s Bank of Zanzibar, a commercial bank, has posted a net profit of over 56 per cent for cumulative year ending last month.

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MWANZA based Polly Bag Ltd, has started training its employees on labour and employment to help them understand better labour laws.

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THE government has come up with a framework of the second Five Year Development Plan (FYDP II) touching strategies to nurture an industrial economy in a bid to transform Tanzania into a semi-industrialised nation by 2025.

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TANZANIA will today hold two-day regional agribusiness congress to create an enabling environment for all farmers to participate.

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TANZANIA should finance infrastructure development through their local capital markets to close the transportation gap in a timely fashion.

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THE Tanzania National Roads Agency (Tanroads) has invited the bids for Ubungo interchange at Sam Nujoma and Nelson Mandela Road junction in Dar es Salaam.

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