TANZANIA can produce more than 50 million footwear annually from its abundant raw hides and skins if envisaged plans to revive the country’s leather industry succeed, according to an expert in leather industry.Add a comment
CRDB Bank has posted a record pre-tax profit of 147.91bn/- for the group in the nine months of this year hence surpassing last year’s full profit. The bank, with the largest balance sheet, in the same period last year January to September posted a pre-tax profit of 103.9bn/-.Add a comment
UK-BASED, East Lancashire visual firm has won a deal which will help keep instal lights in Tanzania. Eyevis UK, a control room video wall company, has been working with the Tanzania Electric Supply Company Limited (TANESCO) at its new monitoring and control centre in Dar es Salaam.Add a comment
SWIFT Motors Tanzania Limited has been awarded the World’s most prestigious Quality Award (ISO 9001) for quality management systems. Swift Motors Managing Director Mr Mohamed Dewji said the company has been awarded for embracing news ideas on how to grow the company and empowering its team to utilize modern tools and management practices.Add a comment
CHINA has conducted an intensive study of a new modality of running Tazara, a four-decade-old railway, to suit today’s business environment. Tazara was built by the Chinese government in 1970s and stands out as a symbol of long mutual cooperation among the three countries and an icon of Sino-Africa relations.Add a comment
THE Tanzanian shilling is expected to strengthen slightly against the dollar in the days ahead, buoyed by inflows from cashew exports. Commercial banks quoted the shilling at 2,155/2,165 to the dollar on Thursday, weaker than 2,150/2,160 a week ago.Add a comment
TANZANIA has been lauded for facilitating agreement among telecoms to allow their customers transfer money across multiple networks. The Director of Financial Inclusion at the MasterCard Foundation, Ms Ann Miles said interoperability agreement among mobile network operators has placed the country among few global champions in financial inclusion.Add a comment
STANDARD Chartered Bank has appointed Mr Sanjay Rughani, new managing director of Standard Chartered Bank Tanzania. Mr Rughani becomes the first Tanzanian to become the chief executive officer of the bank and his appointment took effect earlier this month.Add a comment
ZANZIBARIS are about to benefit heftly from Quality Group Limited (QGL) ‘Stone Town Village’ - Bwawani area redevelopment project worth US$250 million (about 500bn/-). The agreement to that effect which was signed last week was described as one of the biggest investments that have ever occurred in Zanzibar.Add a comment
THE Funds under the UTT Asset Management and Investor Services (UTT-AMIS) for the five schemes have grown 34.36 per cent to 240.1bn/- in the year ended June 2015, from 178.7bn/- posted in the corresponding period last year.Add a comment
TRADE volume between Tanzania and China has reached 2.31 billion US dollars (over 4.6tri/-) in the first half of this year. The level is slightly over the total amount reached last year of 4.32 billion US (8.6tri/-), an amount which China said is not enough.Add a comment
THE shilling has gone down by 24 per cent since the beginning of this year, as demand from importers continued to outpace foreign currencies inflow.Add a comment
AIRTEL Tanzania on Thursday launched an application that will allow its customers to watch local and international TV channels on their mobile phones.
The newly introduced service dubbed “Airtel TV” comes loaded with more than eight local and international channels, with a capability of the customers to watch favorite shows, movies and videos on demand.
Airtel Public Relations Manager, Mr Jackson Mmbando, said “often an average Tanzanian watches TV at home on a weekly basis in the evening hours when they return from their work.
“We are launching an affordable TV on the GO service with great TV experience taking care of their day to day challenges, be it traffic jams or power availability that restrain their access to TV.”
“Our Airtel TV has been designed to suit our customers’ needs and wants with information at their fingertips our customer will have a choice of their preferred plan be it daily, weekly or monthly,” he added.
Added Services Manager, Ms Prisca Tembo, explained further on Airtel commitment to offer live TV streaming capability for both local and international channels at affordable rates.Add a comment