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PANAFRICAN Energy (PAET), a development and supply of natural gas in the country, has reported 31 per cent revenue decline in quarter three after TANESCO reduced gas intake.

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MOBILE phone network has reached 95 per cent of Tanzanians some two decades since the service was launched, lifting the level of financial inclusion to 65 per cent.

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THE shilling remained stable in the third quarter of 2017, thanks to dollar inflows from exports of cash crops and Vodacom Tanzania initial public offering (IPO).

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ZANZIBAR goods account deficit has widened to 103.4 million US dollars in the year ending September from 70.4 million US dollars of the corresponding period 2016 on account of fall of exports particularly cloves.

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DAR ES SALAAM Stock Exchange (DSE), net profit has almost doubled in this year’s quarter three, thanks to listing fees and registry and CSD fees.

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AS businesses move to the cloud, successful management of all aspects of infrastructure technology including service quality, security and availability, become more critical.

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SHORT term maturities have continued to be attractive investment avenue for investors sending the government note to an oversubscription.

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TANESCO has almost doubled its outstanding natural gas payment to PanAfrican Energy in the first nine months of this year.

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SOME 40 farmers’ cooperative unions in Lindi and Mtwara have entered into agreement to start receiving their cashew nut payments through TigoPesa payment system.

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Dar es Salaam Stock Exchange (DSE) turnover declined to 1.01bn/- compared to 85.80bn/- posted on the previous period with the CRDB bank dominating the market share by 85 per cent.

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LOCAL contractors need to observe ethics and professional standards to compete with foreign contractors in major projects, the Permanent Secretary in the Ministry of Works, Transport and Communication, Joseph Nyamhanga has said.

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Njombe Regional Commissioner (RC), Mr Christopher Ole Sendeka

Business

A TOTAL of 206 small scale tea farmers have successfully completed training on best farming practices organised by Njombe Out-growers Services (NOSC).

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COTTON farming season in Geita Region for 2017/18 has officially been launched with 196,373 acres expected to be cultivated through contract farming.

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KAGERA Region is set to become a tourist destination following concerted efforts to revive and promote tourist attractions.

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Bank of Tanzania (BoT) Governor, Prof Beno Ndulu

Business

THE Bank of Tanzania (BoT) Governor, Prof Beno Ndulu, is expected to lead statisticians in the country during the commemoration of the African Statistics Day, 2017 which will be marked in Dar es Salaam on Monday.

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TANZANIA Telecommunications Company Limited (TTCL) management has expressed optimism that it will meet its target for its envisaged super profit of between 7bn/- and 8bn/- in the 2017/2018 financial year.

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World Bank Country Director, Ms Bella Birdaca

Business

THE World Bank said yesterday that only honest dialogue between the public and private sectors will enhance Tanzania’s pace towards becoming a middle income economy.

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TANZANIANS have been challenged to scale up investment in small scale industries as way to maximise income and contribute to economic growth.

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Huawei President, Southern Africa Region, Mr Li Pengon

Business

THE ICT sphere has undergone distinct stages of evolution and has lately been focussing on going digital, which means shifting the paradigm from traditional business to an intelligent society.

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CRDB Managing Director Dr Charles Kimei

Business

CRDB Bank has simplified high learning loan procedures and reduces it to 15 minutes from three weeks soon after a student finalising application processes.

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SOME of the CRDB Bank customers and staffs have contributed 15m/-in less than two months for Dar es Salaam teachers’ offices construction initiative.

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CHAI Bora Tanzania, that acquired the local leading Tomato sauce brands manufacturer, Dabaga, will from next year embark on training tomato farmers on best farming practices in order to raise the standard of tomato products.

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FULL implementation of digital marketplace is soon to become a relief to smallholder farmers engaged in organic farming who have been struggling to reap reasonable prices and reliable markets for their produce.

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Commissioner of Insurance Dr Baghayo Saqware

Business

MBEYA Sido Market traders whose goods were razed down by fire breathe a sigh of relief after started receiving insurance compensation.

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VICE-President Samia Suluhu Hasan has emphasised on the need for East African states to focus on industrialisation hinged on value addition to address low productivity in the agriculture sector.

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IT is all smile for 89 members of Mbeya Youth Saccos (Mbeyosa) after successfully managed to pocket a loan amounting to 51m/- from the Saccos.

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EAST African residents residing in both sides of the Tanzanian Kenyan border at Sirari township in Tarime District have said they enjoy productive integration including free movement of goods and services between them.

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IN a bid to boost agriculture production in Zanzibar, the Board of Directors of Tanzania Agricultural Development Bank (TADB) have expressed interest in identifying bankable projects that would strengthen the Isle’s agriculture endowment of untapped arable land due to lack of capital and access to credit.

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VODACOM Tanzania has posted strong performance for the period ended September with M-Pesa revenue growing by 17.2 per cent to 141.6bn/-.

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KOREA will support Tanzania on renewable energy to enhance industrialisation drive as it focused to strengthen cooperation on clean energy, the Korean Ambassador, Geum-young has said.

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GOVERNMENT has started paying corporate outstanding tax refunds signifying its commitment to lay down good relationship with the private sector.

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THE appetite for the five-year treasury bonds remained high in an auction held last week attracting bids worth 233.94/-, which is two times the amount sought to be raised indicating improved liquidity among the investors.

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BLUE Pearl Hotel, a tenant at Ubungo Plaza building in Dar es Salaam has been evicted by Yono Auction Mart for failure to pay rent that accumulated to 5.7bn/.

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