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AS you know we are living in a dynamic world where things are changing not just by days but by seconds or even milliseconds. Something which was a best investment option last year could turn out to be the least viable option during the current year.

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NATIONAL Microfinance Bank (NMB) yesterday handed over a new outpatient waiting bay at the Jakaya Kikwete Cardiac Institute (JKCI) with a capacity of 100 seats.

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ACACIA Mining and Petra Diamonds are said to engage with the government regarding offloading 30 per cent to public as stipulated by new law.

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NATIONAL Economic Empowerment Council (NEEC) in partnership with basket trust funds plan to expand their services to benefit and facilitate the financially underserved rural population access loans for development.

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THE current account balance narrowed by nearly a half to a deficit of 1,811.6 million US dollars in the year ending February 2017 on account of a 15 per cent decline in imports of goods and services combined with increase in exports.

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TOL Gases, a leading industrial and medical gases manufacturer, has posted a pretax profit increase of 40 per cent, shedding hopes of announcing a first dividend.

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THREE customers have won various solar appliances from the German based firm, Mobisol Solar Energy firm energy that provides services in unconnected areas to the national grid.

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IITA, Eastern Africa Hub Director, Dr Victor Manyong

Business

INTERNATIONAL Institute of Tropical Agriculture (IITA) embarked on empowering unemployed university graduates into commercial farmers, an initiative that will transform them into agripreneurs.

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TANZANIA has featured in a list of top ten most attractive for investment flowing destination into African continent, emerging the only state from East Africa bloc.

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ACACIA Mining has announced gold production drop by almost 35,000 ounces in this year’s quarter one.

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OVER 400 stakeholders from public and private sectors will deliberate on the nexus between application of local content requirements and EAC industrialisation.

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PRIME Minister Kassim Majaliwa has counseled the national basket trust funds to observe integrity and prudence lending for the scarce resources to reach more people particularly the financially underserved population.

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VICE President, Ms Samia Suluhu Hassan has ordered the Tanzania Revenue Authority (TRA) commissioner general, Charles Kichere to set a schedule that will enable his office to meet traders from time to time so as to resolve challenges that face them.

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NATIONAL Microfinance Bank (NMB) has opened a new business centre in Kahama District, to serve the Western Zone regions of Shinyanga, Tabora and Kigoma.

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CAPITAL Markets and Securities Authority (CMSA) has extended Vodacom’s 476bn/- initial public offers by three more weeks to May 11.

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FORMER Israel Prime Minister, Ehud Barak has pledged to arrange another tour after being impressed by Tanzania’s unique tourist attractions.

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THE Dar es Salaam Stock Exchange (DSE) has celebrated Easter holiday strongly after closing last week trading on higher note.

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DEMAND for the five-year treasury bonds was high in an auction attracting bids worth 143.58bn/-, which is an oversubscription compared to the preceding session held in February, this year.

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THE completion of all the gasfired power projects will bring the Mtwara-Dar es Salaam gas pipeline into almost full capacity, the Tanzania Petroleum Development Corporation (TPDC) Acting Managing Director, Mr Kapuulya Musomba, said in Dar es Salaam yesterday.

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TATEPA Group has managed to post a slim pretax profit of 22.45m/- for the year ending 2016 from the loss of 5.69bn/- of same period in previous year.

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THE construction of 1,219-kilometre, Dar es Salaam- Mwanza- Kigoma Standard Gauge Railway (SGR) has commenced amid high expectation among Tanzanians who wish to see the railway recording good performance and contributing greatly to the nation’s economy.

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CRDB Bank’s Burundi subsidiary net profit has gone up three times to 2.38bn/- in 2016, despite political challenges engulfing the tiny East African state.

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THE International Monetary Fund (IMF) has said the overall fiscal deficit to Gross Domestic Product (GDP) in 2016/17 is projected to be below the targeted figure by almost half.

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NATIONAL Microfinance Bank has recorded a 2.4 per cent increase in profit after tax in the year ended December 2016. The NMB Managing Director Ineke Bussemaker said in Dar es Salaam at the weekend that despite the challenging macroeconomic environment, NMB was able to deliver a good performance.

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TPB Bank has posted a profit increase by slightly over 30 per cent to cement its bid to list at Dar es Salaam Stock Exchange (DSE) main market.

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TANZANIA Revenue Authority (TRA) has updated its Electronic Fiscal Device Management System to reduce the possibility of forgery of receipts from Electronic Fiscal Devices (EFDs).

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THE influx of regulatory authorities, unreliable legislations and existing multiplex taxes is a big concern and the private sector is worried over the state of industrial drive.

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LOCAL authority pension fund (LAPF) has open more doors to allow informal sector to join and submit statutory payments through mobile phones while encouraging people to join the fund.

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ENERGY and Minerals Ministry is planning absolute transformation to its legal unit seeking to advance contribution of the sectors in the national gross domestic product, GDP.

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THE Bank of Africa Managing Director and CEO, Mr Ammishaddai Owusu-Amouh has advised Tanzanians to avoid abandoning other economic activities because of gas and oil discoveries in the country.

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CRDB Bank shareholders’ hope to receive handsome dividend has been dashed out by financial crunch that hit the economy due to monetary policy change last year.

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TANZANIA Revenue Authority (TRA) has updated its Electronic Fiscal Device Management System to reduce the possibility of forgery of receipts from Electronic Fiscal Devices (EFDs).

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RELIANCE Insurance net profit has slowed down by almost half a billion shilling to 2.84bn/- in 2016 from 3.38bn/-in 2015.

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