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TANZANIA’S businesses have full government support as they seek to partner with established Korean institutions to enhance capacity, boost, profitability and growth, the Minister for Works, Transport and Communication, Prof Makame Mbarawa has said.

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CRDB bank share price has made an abrupt U-turn after appreciating by 16 per cent in the last three weeks.

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TIB Development Bank has considerably reduced its net loss 17 times to 582m/- in this year quarter two (Q2) after cutting expenses.

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PEOPLE with disabilities want the government to make the rapidly growing three-wheeler taxi business exclusive for them.

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AIR Tanzania is ready to take on established rivals airlines flying to Bujumbura as it finalizes preparations to fly to the Burundi capital city from next month.

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DIGITAL financial inclusion for country’s farmers has been cited as catalyst to boost agricultural production which could in turn facilitate envisaged industrialisation in the country.

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TANZANIA needs to spend at least 12 per cent of its Gross Domestic Product (GDP) on building infrastructure network from the current average of 7.7 per cent to meet growing needs.

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TANZANIA and Turkey business people are expecting to meet this Thursday to discuss how the two countries could extend business ties.

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TANZANIA Revenue Authority has issued the Acacia Mining notice to pay the government close to 425.28tri/- (190 billion US dollars) being unpaid taxes, penalties and accrued interest from 17 years of operation in Tanzania, the mining company announced yesterday.

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DAR ES SALAAM Stock Exchange (DSE) trading volume has gone up by 7.0 percent from 3.9bn/- to 4.1bn/-for the week ended last Friday, thanks to CRDB Bank share price appreciation and movement.

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TWO years treasury bonds sold in the debt market last week was received on high note by investors closing the show oversubscribed.

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WITH nine days remaining today for fuel stations operators to instal Electronic Fiscal Pump Printer (EFPP) machines at their facilities as per President John Magufuli's order last week, the energy and water regulator has issued a notice to back up the directive with legal measures.

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TANZANIA is keen to boost trade and investment relations with China as the nation seeks to transform from agricultural to semi-industrial economy, the Permanent Secretary in the Ministry of Industry, Trade and Investment Dr Adelhelm Meru has pledged.

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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)

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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)

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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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