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Permanent Secretary, Ministry of Industry, Trade and Investment (Trade and Investment)Prof Adolf Mkenda (center) following the session during workshop to validate National Entrepreneurship strategy and action plan which will enhance entrepreneurship in Tanzania, second left is Executive Secretary of National Economic Empowerment Council (NEEC),Mrs Beng’I Issa, left is Programme Officer of Entrepreneurship Section Enterprise Branch Division on Investment and Entreprise of United Nations Conference on Trade and Development (UNCTAD), Mr Lorenzo Tosini, second right is Assistant Director of Business Environment Prime Minister’s Office, Mr Christopher Mramba and right is Director for Empowerment and Facilitation of the council, Anna Dominick. (Photo by Our Correspondent)

Business

BUILDING strong industrial entrepreneurship can be an important vehicle towards middle income economy, the Permanent Secretary in the Ministry of Industry, Trade and Investment, Prof Adolf Mkenda, has said.

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FARMERS in Kilimanjaro Region are smiling all the way to the bank as coffee prices doubled thanks to an initiative by a new cooperative society which has secured direct market for the cash crop overseas.

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TANZANIA benefits from promotion of tourists attractions by Ethiopian Airlines contrary to reports suggesting otherwise, according to an official of tourism marketing body.

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ANOTHER gold mining company has announced to comply with fiscal changes that has increased royalty on revenue on mining firms to 6 per cent from four per cent as well as introducing a one per cent clearing fee on mineral exports.

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CATTLE supply at Pugu market decreased last week, the situation that drove up prices with the exception of few breeds.

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DHL Tanzania Limited Managing Director, Mr Femi Olaiya, speaks to reporters in Dar es Salaam, yesterday, regarding the improvement of infrastructure and technology for sustainable operation in the country. Looking on is Mr Thabit Mndeme, Country Commercial Manager. (Photo by Mohamed Mambo)

Business

A GLOBAL leader in courier and express services provider, DHL Express, has reaffirmed its commitment to Tanzania which it describes as a key growth market in the East African region given its stable economy growth, political stability and conducive business environment.

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THE increased usage of natural gas instead of oil for power generation has contributed to the decline of the value of imported fuel.

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PREPARATIONS are underway for the UK-Tanzania investment forum in Britain, an opportunity to attract investors into the country, Tanzanian Ambassador to the United Kingdom and Ireland, Dr Asha Rose Migiro said here Tuesday.

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EARLY this month, Members of Parliament endorsed two natural resources bills that marked the new dawn in the country’s history as they set strong legal bases, fair ground for any form of business related to natural resources and provide an opportunity for every Tanzanian to benefit from the business.

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BOTH private sector and government institutions need to cooperate in ensuring there is good environment of doing business so as to boost the economy and strengthen good business relations with other partners in the East African Community (EAC).

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VEGETABLE growers in Likuyu Village in Ruvuma Region are expected to boost production thanks to a Uranium mining firm, Uranium One (U1) which supplied them with high quality seeds of exotic vegetable.

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TANZANIA is set to increase irrigation network towards sustainable industrial agriculture economy, the Minister for Water and Irrigation, Mr Gerson Lwenge, has said.

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MOBILE operators are working to close the gender gap towards financial inclusion after a study conducted by GSMA in Sub-Saharan Africa showed that women are 17 per cent less likely to own mobile phones compared to men.

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THE government is committed to continue improving business environment to boost mobile telecommunication services which are driving enormous changes to the lives of the people, the Vice President, Ms Samia Suluhu Hassan has said.

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PRESIDENT John Magufuli has appointed Prof Florens Luoga as the new Board Chair of the Tanzania Revenue Authority (TRA). Prof Luoga is a Deputy Vice-Chancellor of the University of Dar es Salaam responsible of academic affairs and according to a statement issued on Tuesday by the Directorate of Presidential Communications, his appointment starts immediately. He is succeeding Mr Benard Mchomvu who was sacked and the Board dissolved last November

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THE East African Court of Justice has declined to grant orders to stop the EAC partner states which have not yet signed the European Partnership Agreement (EPA) from signing the document and those who have already signed it from carrying out any further procedures and processes.

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LAKE Zone based tours operators have been urged to be more proactive in promoting tourism in the area so as to record desirable economic impact as well as creating a vibrant tourism industry.

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ZANTEL has launched a mobile application dubbed ‘Discover Tanzania mobile App’ to assist local and foreign tourists with information on various attractions in Tanzania.

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THE Private Agricultural Sector Support (PASS) has introduced agriculture innovation centre (AIC) to support and incubate agro-enterprises that have potential to grow with a special focus on value addition.

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MINING companies in Tanzania are anxiously assessing potential impact of new developments in Tanzania where Members of Parliament approved proposed legislation to govern the natural resources sector.

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ACACIA Mining has now served the government with notices of arbitration on their lingering dispute over the export of mineral concentrate from its two mines in the country.

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FARMERS in Southern Highlands can now access agricultural inputs on credits to enable them maximize crops yields, thanks to One Acre Fund, a non-profit agriculture organisation with its headquarters in Iringa.

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Chief Executive Officer for Southern African Development Community – Development Finance Resource Center (SADC- DFRC), Mr. Stuart Kufeni (left)

Business

SADC member states are finalizing preparations for establishment of a special development financing fund designed to start with a 1.2 billion US dollars stock.

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DAR ES SALAAM Stock Exchange (DSE) registered significant growth in term of liquidity and prices performance especially for domestic listed companies in the quarter ending June.

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TANZANIA Tourist Board (TTB) and the Arusha International Conference Centre (AICC) plan to establish a National Convention Bureau (NCB), a destination marketing organ that will focus on promoting conference tourism.

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THE 2017 Resource Governance Index, compiled by the Natural Resource Governance Institute (NRGI), gave Tanzania’s oil and gas sector a weak overall score of 53 out of 100 points due to weak implementation of the oversight laws.

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TANZANIA’S passport is the second most powerful travelling document in East Africa after Kenya, according to The Henley & Partners Visa Restrictions Index 2017.

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FOREIGN investors will now be able to buy shares in the upcoming initial public offers (IPO) of telecommunication companies after amendments to the Electronic and Postal Communications Act, 2010 that restricted foreign players in the IPOs.

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TANZANIA Breweries Limited (TBL) partnership with barley farmers in the northern zone is a powerful instrument to increase output to meet country’s demand for barley, the Minister for Agriculture Livestock and Fisheries, Dr Charles Tizeba has said.

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IMPOSITION of VAT on tourism is projected to be felt this year as hotel room revenue expected to decline further, PwC cautioned in a report.

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SHILLING has remained stable against the US dollar in the last four months, according to financial analysts. It traded around 2,230/- margin against the greenback since February and it has been predicted that the pair will hold on the same levels.

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THE country’s macroeconomic performance remains robust while the medium-term outlook stays favourable, International Monetary Fund (IMF) said yesterday.

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THE overall export price index in this year’s first quarter increased by 3.5 per cent to 142.7 points on increase of coffee, tea, fish and cotton prices implying more gains to country export earnings.

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