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AS the government continues to improve environment of doing business and promote investments in the country, there is need for strengthening trade ties in the East African region and the world at large.

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THE East African currencies have shown strong level of stability fluctuating either side insignificantly against US dollar in the first half of this month.

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PETRA Diamonds has resumed operations at its Williamson mine after a four-day stoppage, it said yesterday, adding that its full-year production target remains unchanged.

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PEOPLE’s Bank of Zanzibar (PBZ) customers can now smile following a contract signed between PBZ and the ‘CPS Live Limited’ on house mortgage. The signed deal enables PBZ’s depositors to rent or own a house.

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AT least 50 households in Mpale village, Korogwe District have been connected to solar micro-grid during a project launched between the United Nations Capital Development Fund (UNCDF) in collaboration with Ensol Tanzania Ltd.

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TANZANIA Breweries Limited (TBL) emerged the top trading equity at the Dar es Salaam Stock Exchange (DSE) last week at 95 per cent of the market share.

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TANZANIA is among few countries in Africa expected to multiply production of Irish round potatoes thanks to increased partnership between the public and private sectors through smallholder farmers and stakeholder.

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THE East African Business Council (EABC) has called on the East African Community (EAC) partner states to fast track the process of airspace liberalisation in a bid to reduce the cost of doing business in the region.

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BRAZIL has officially cancelled 203 million US dollars debt owed by Tanzania accrued from a loan secured from the South American economic power house in 1979 for construction of Morogoro-Dodoma road.

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THE second East African Business and Entrepreneurship Conference and Exhibition (EABC), which was set to take place on September has been rescheduled to November, 2017 following the demise of EABC chairman and the latest development in Kenyan election process.

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TANZANIA Tourist Board (TTB) has been offered an opportunity to place advertisements from Julius Nyerere International Airport (JNIA) through Nyerere road to various parts of Dar es Salaam city for free in a bid to promote tourism through advertisements.

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NEEC Executive Secretary, Ms Beng’i Issa

Business

THE National Economic Empowerment Council (NEEC) yesterday signed an agreement with the Public Procurement Regulatory Authority (PPRA) to build capacity of Small and Medium Entrepreneurs (SMEs) to participate in procurement bids.

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MAENDELEO Bank will issue new stock for public sale next Monday as it seeks to raise 10bn/- after its initial public offering and listing at the Dar es Salaam Stock Exchange (DSE) in 2013.

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AFRICAN continent is set to fast track continental free trade area early next year to create single market for goods and services.

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GERMANY has handed over buildings built in Ikoma fort which Tanzania says will be strategic in protecting Serengeti ecosystem.

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TCCIA Investment Company Limited (TICL) net profit has declined by 60 per cent on the back of income decline. The company, which its initial public offer (IPO) struggled to reach its goal, posted a net profit of 154.17m/- last year down from 394.92m/- of the previous year, according to a financial statement.

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A DELEGATION of the Tanzania Trade Development Authority (TanTrade) is touring Kigoma Region to explore trade and investment opportunities in execution of its pledge to bolster investment and trade growth in up-country regions.

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A NEW cement production mill, Manyara Cement Company worth over 200bn/- with an annual capacity of 575,000 metric tonnes is expected to be built in Hanang District, Manyara Region.

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HEAD of Retail and Business Banking of BancABC, Joyce Malai (right) address the media in Dar es Salaam, yesterday, during an event to launch the bank’s new account: 'Jiongeze Current Account' without any monthly maintenance fee for a period of one year. She is flanked by the bank’s Marketing Manager Ms Upendo Nkini. (Photo by Our Correspondent)

Business

BancABC has introduced into the market a new account product, ‘Jiongeze current account,’ to give customers a wide range of opportunities to undertake banking transactions.

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DAR ES SALAAM is planning to establish a one stop centre for motor vehicle business in Kigamboni to streamline the business that is currently scattered in various parts of the city.

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AN outbreak of anthrax has killed at least 42 hippos in south-central Ruaha National Park, authorities have said. The Ruaha Chief Park Warden, Christopher Timbuka, said earlier investigation show the wild animals were killed by anthrax, an infection caused by the bacterium Bacillus anthraces.

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DAR ES SALAAM Stock Exchange (DSE) equity market weakened by 21 per cent last week closing at turnover of 8.52bn/- compared to 10.75bn/- posted on the preceding period.

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SONGWE Region has embarked on converting coal dust into blocks for cooking and heating at household level. Songwe Regional Commissioner (RC), retired Lieut.

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MOST insurance firms in the country are located in urban areas, thus denying rural population accessibility to insurance products.

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THE country’s business landscape has entered into a new competition battle front as telecoms capitalise on fibre cable to start offering total solution on data and voice services.

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THE Tanzania-Zambia Railway Authority (TAZARA) has signed a Memorandum of Understanding (MoU) with Bombardier Transportation, the rail equipment division of the Canadian firm Bombardier Inc., to explore possibilities of investment cooperation.

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PETRA Diamonds shares at London Stock Exchange continued to plunge as it faces a review of its local mining contract and investigation into allegations of under-declared diamond exports.

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INVESTORS’ appetite in the Treasury bills auction held on Wednesday was high, attracting bids worth 458.33bn/-, which is almost three times increase compared to the amount sought to be raised.

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IN an effort to ensure sustainable development of industrial economy in the country, Tanzania Insurance Regulatory Authority (TIRA) plans to open more access to insurance to cover all farmers in the country.

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THE GOVERNMENT has enrolled and provided certificates to 3,900 technicians who have not attended formal training to enable them secure opportunities in various mega construction projects in the country.

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TIGO has selected 50 secondary schools as a launch-pad for its e-schools projects across the country, as part of its initiative to digitise secondary education by providing digital learning materials.

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FARMERS’ earnings in Muheza District, Tanga Region are likely to fall sharply due to unidentified disease that is attacking oranges.

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THE availability of afford affordable smartphones in the market has enhanced internet penetration to over 40 per cent, pushing up demand for data.

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