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SOUTH African media has reported that Vodacom was in talks with the Tanzanian government to extend the time it had to list its shares on the Dar es Salaam Stock Exchange (DSE).

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THE Bank of Tanzania (BoT) has said work is underway to develop a supervisory framework for community banks.

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RESIDENTS of Mafia Island in Coast Region have asked the government to promote seaweed business and help them to find reliable market outside the country.

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Tanzania Communication Regulatory Authority (TCRA) Head of Corporate Communications Mr Innocent Mungy

Business

TANZANIA is among few nations in Africa that have made exemplary strides in mobile financial services, currently with 4.5tri/- being transacted using mobiles phones each month.

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BUSINESS community in the country has recommended for establishment of one stop centre for collecting taxes related to fire and rescue services to increase compliance level and improve business environment.

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THE Human Innovation Development Fund (HDIF) in collaboration with the Commission of Science and Technology (COSTECH) has launched the Mawazo Challenge, an initiative to stimulate ideas and find design concepts for a new challenge which could solve community problems in education, health and water, sanitation and hygiene (WASH) in Tanzania.

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ACCESSBANK Tanzania plans to conduct another round of a constructive one-day workshop for its progressive agents broadly known as “AccessBank WAKALA”.

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THE National Bank of Commerce (NBC) has introduced a new tax banking product which will enable payments of revenue through the bank.

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THE Bank of Tanzania (BoT) has said their strategy to stabilize the shilling against major currencies paid off.

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MOBILE phone service providers Vodacom and Tigo have started implementing strategies to provide mobile services to people living in rural areas to help Tanzanians to benefit from mobile telecommunication services.

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WORLD Telecom Labs (WTL) and AMOTEL have announced that the network they have built in rural Tanzania is now live with residents in three remote villages able to make calls and use the internet for the first time.

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IN a move to facilitate business opportunities arising from the growing trade relationship between China and Tanzania, NIC Bank Tanzania (NICBT) has set up a China desk to ensure smooth transactions.

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YETU Microfinance is now a fully fledged microfinance bank after receiving operational licence from the regulator - Bank of Tanzania. Its Managing Director, Altemius Millinga told the Daily News yesterday that they were now focused to expand their business starting with three branches - - two in Dar es Salaam and one in Morogoro.

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DAIRY farmers in Njombe Region have been challenged to improve and modernise their products so as to be able compete in national and international market.

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ACACIA Mining, listed on Dar es Salaam Stock Exchange, share has appreciated by 75 per cent to reach all time high since United Kingdom voted to exit from European Union. The share, according to DSE data, climbed from 10,460/- just a day before the Brexit voting to 18,310/- of Monday.

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TANZANIA has a strong and effective monetary policy stance in controlling and managing liquidity in the circulation than most of the low income countries.

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NMB Managing Director, Ms Ineke Bussemaker

Business

THE National Microfinance Bank (NMB) has once again won Euromoney award as the Best Bank in Tanzania given by the global financial markets magazine - Euromoney.

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TANZANIA Private Sector Foundation (TPSF) Executive Director, Mr Godfrey Simbeye, speaks to reporters in Dar es Salaam yesterday about small entrepreneurs training which will be offered by TPSF. Right is the Project Manager, Mr Celestine Mkama and Entrepreneurs Financial Development Specialist, Mr Haji Dachi. (Photos by Staff Photographer)

Business

TANZANIA Private Sector Foundation (TPSF) has embarked into a training campaign for small scale entrepreneurs using simple and affordable channels to enrich their businesses.

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FIVE equities dominated the market share at the Dar es Salaam Stock Exchange (DSE) although turnover weakened by 32 per cent to close at 4.03bn/- compared to 5.91bn/- of the previous week.

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THE International Monetary Fund (IMF) has called on the government to boost revenue collection and improve efficiency in expenditure to create fiscal space for higher infrastructure investment which has expanded deficit.

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ACACIA Mining profit in the first half of 2016 have soared as gold prices and sales surged while operating costs fell.

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Tanzania Private Sector Foundation (TPSF), Mr Godfrey Simbeye

Business

TANZANIA and China's business communities have been advised to capitalise on the current growing trade partnership between the two countries to expand their businesses and maximise profit.

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PAN-African online and mobile payments solution provider, 3G Direct Pay Limited, has unveiled a new mobile application that enables merchants to process their card and make payments on their mobile phones.

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THE Evangelical Lutheran Church of Tanzania (ELCT) Head, Dr Fredrick Shoo, has said there is much to be desired in the country’s resources and what is used to get economic emancipation.

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VODACOM has unveiled its brand new M-Pesa platform (second generation platform) which, among other things, will make the mobile money service faster, more robust and with less downtime while offering customers more services via the advanced platform.

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NATIONAL Housing Corporation (NHC) and Bancabc have handed over to the Central Bank ten residential houses that will be used by staff of its newly established branch in Mtwara Region.

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THE government plans to establish a commercial hub and dry port in Dodoma for anticipated rise in commercial activities after completion of upgrading of the airport in the designated capital.

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DECLINING foreign exchange reserves should not be a cause for alarm as it is still within the appropriate levels which will be boosted further by rising exports from the manufacturing sector, the Central Bank Governor has said.

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THE government has guaranteed local and foreign investors full support and promised to continue improving the business environment.

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DRY money in the circulation has continued to haunt the trading of the debt instrument making the 15 years treasury bonds to end up under subscribed. Despite the tight monetary squeeze, the Bank of Tanzania (BoT) said the money currently in circulation is enough to make the economy lubricant.

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TCCIA Investment Company is expecting to list its share on Dar es Salaam Stock Exchange (DSE) in the next three months after shareholders endorsed the move.

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CASH squeeze in circulation should be nothing to worry much about as it is part of measures undertaken to control the economy, a senior Central Bank official has said.

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ABOUT 14 Villages around Bulyanhulu Gold Mine site in Msalala and Nyang’wale Districts of Geita and Shinyanga regions will benefit from entrepreneurship skills project aimed at engaging youth groups in self-help economic activities instead of relying on small-scale mining only.

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