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MINISTER for Works, Transport and Communication, Prof Makame Mbarawa, has urged the Engineers Registration Board (ERB) to come up with short, medium and long term strategies that will help to improve and strengthen engineers’ capacity in the country.

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WATUMISHI Housing Company (WHC) will soon start executing mega project in constructing 500 houses in Dodoma to accommodate public servants on their way to the new capital city.

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VODACOM has refuted reports that the huge increase in tax collection from the leading mobile telephone company in July is linked with installation of a monitoring system by a regulatory authority.

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THE government saved 15 million US dollars as discount when it made outright purchases of two Bombardier Q400 turboprop airplanes from Canadian manufacturer instead of paying in installments, a cabinet minister has said.

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SHINYANGA Region has announced to clear pending shortage of desks it was facing after receiving donations from various development partners and investors operating in the region.

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PRIVATE Agricultural Sector Support (PASS) envisages reaching 345,000 entrepreneurs in agricultural sector this year, with projected guaranteed loans of 114bn/-.

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PARLIAMENTARY Public Accounts Committee (PAC) yesterday refused to discuss accounts report of the Tanzania Investment Bank (TIB) for 2015 following what it termed as contradictions between the Controller and Auditor General (CAG) report and the statement of the bank’s management.

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TIGO has handed over 235 desks worth 39m/- to be distributed to eight schools in Kagera Region as part of its ongoing nationwide ‘desk donation initiative’.

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INVESTORS’ appetite for treasury bills has started to pick up to register over-subscriptions after weeks of poor performance largely due to liquidity squeeze in the circulation.

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THE National Social Security Fund (NSSF) has advanced a loan of 2.1 million US dollar (over 4.0bn/-) to the Tanzania Biotech Product in Kibaha, Coast Region.

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Precision Air has reported an increase in pre-tax loss blaming weak shilling resulted to foreign exchange loss by almost five times.

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AKIBA Bank shareholders will receive dividends of 75/- per share after the bank made 5.3bn/- profit before tax last year.

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THE Association of Tanzania Employers (ATE) yesterday launched the 2016 Employer of the Year Award (EYA) event which aims to uplift human resources to play their lead role in business performance.

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THE National Microfinance Bank (NMB) has organised the first ever teachers’ Day to recognise the importance of Teachers in the country.

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THE government has officially launched entrepreneurship and competitive centre pledging to create conducive environment for entrepreneurs to thrive in business and stimulate economic activities as well as helping to create jobs and trade opportunities.

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THE National Housing Corporation (NHC) Director General, Mr Nehemiah Mchechu said yesterday that his organization is looking forward to strengthen the country’s economy and boost businesses through the establishment of satellite cities in the country.

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BARCLAYS Bank Tanzania has launched mortgage loans to enable its customers and Tanzanians own decent homes.

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THE Tanzania Social Action Fund (TASAF) grants have played key role in bringing socio-economic transformation and gender equality to some tribes particularly in establishing and managing sustainable projects.

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DAR ES SALAAM is one of the three East African cities picked for the multi-destination road show by Dubai’s Department of Tourism and Commerce marketing scheduled for Tuesday next week.

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DCB Commercial Bank plans to launch a new branch in the country’s designated capital of Dodoma in November, this year.

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Whatsapp has changed its privacy policy to let businesses send messages to people using the service.

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Market continues to experience liquidity tightness with low appetite from both larger and SMEs importers, slightly flowing from agriculture and NGOs.

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TANZANIA and Zambia governments are reviewing Tanzania-Zambia Railway Authority (TAZARA) Act of 1995 to allow private investments in the joint-owned railway and make it run commercially.

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BANKS have been advised to help their borrowers struggling to repay debts to turnaround their fortunes as risks for default is seen to be rising due to tight liquidity in the market.

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THE National Microfinance bank (NMB) has handed over 206m/- to the Association of Local Authorities in Tanzania (ALAT) to facilitate the association’s 32nd Annual General Meeting (AGM) and the Mayors Award. The bank will also award a tractor worthy 56m/- to a mayor who will be named as the best mayor by the AGM.

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IMPORTED cement is nowhere to be seen in the market after being pushed out by enhanced competition among local producers in new findings that raise doubts on the authenticity of claims of influx of imported products by local cement makers.

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AS preparations for moving the governments to Dodoma heat up, commercial banks have been advised to open and expand braches in the designated capital, purposely to offer quality and reliable services to hundreds of workers who are set to relocate.

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LOW income earners cannot afford to own houses due to high interest rates and inadequate supply of affordable housing despite registering 4.2 per cent sector’s growth in the first quarter 2016 compared to only one per cent of the previous quarter.

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AIRTEL Tanzania has paid back another quarterly Airtel Money profit share amounting to 3bn/- to its money customers in the country including the super and retail agents.

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CRAFTS producers in East Africa will soon be able to sell their products to international markets following the plans to establish an annual professional for Business-to-Business (B2B) trade fair for Home Décor, Fashion Accessories and Lifestyle products in the region.

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TWIGA Bancorp Limited (TBCL) yesterday assured the Public Accounts Parliamentary Committee (PAC) of growth to medium level financial institution by 2020 as now it has positioned itself to make profit from this year onwards.

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LOCAL airlines are giving priority to nationals in recruitments of pilots and other aviation works as they brace for intense competition expected with the revival of state-owned national carrier.

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DESPITE challenges of overcapacity and cheap imports in the local market, cement makers are optimistic about the future prospects of the sector which have been brightened by continuing construction boom.

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