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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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KNAUF Gypsum, which is one of the leading firms in the world in gypsum making, is planning to invest more than 15 million US dollars in Tanzania in the next few years.

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A group of daring local business operators have taken on the mantle to lead in the promotion of the local content in the oil and gas industry through promotion of job and business opportunities for nationals and local businesses in the sector.

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CONSUMERS as it is the case with employers and manufacturers need to have a strong association which will provide them with an easy way to make informed decisions in buying safe and quality products.

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DEMAND for the five-year treasury bonds was high in an auction held last week attracting bids worth 436.08bn/-, which is four times the amount sought to be raised indicating improved liquidity among the investors.

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CATTLE supply at Pugu market recorded an increase last week, resulting into price fall across all the breeds although the retail prices remained unchanged in most parts of Dar es Salaam Region.

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ACTIVITY levels at the Dar es Salaam Stock Exchange (DSE) weakened last week to 19.48bn/- in turnover, approximately 159 per cent with shares traded falling by 46 per cent to 2,391,497.

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TANZANIA is among Africa's top economic performers expected to brighten Africa growth outlook of 3.0 trillion US dollars by 2030, according to Ernst & Young’s ‘Attractive Programme Africa 2017’ report.

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THE government should continue with plans to ban imports of second-hand clothes so as to promote domestic textiles despite the risks of losing access to the US market under the African Growth and Opportunity Act (AGOA), a leader of business lobby group has said.

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TIGO Tanzania said yesterday while expanding the 3rd and 4th generation mobile networks coverage in the country it is also eyeing 5G technology to cement their fast speed data top position.

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BANK of Tanzania (BoT) has revised minimum capital thresholds of bureau de change while suspending licensing of new facility to enable the assessment and relicensing of the existing ones.

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A NEW tourism television channel dedicated exclusively for the country’s attractions will hit the sky soon at the national broadcasting television.

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TANZANIA, Uganda and Rwanda risk losing access to the American market through the African Growth and Opportunity Act (AGOA) following plans by the East African member states to ban imports of second-hand clothes and shoes.

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TANZANIA has been named as the most expensive destination in Africa to send remittance form United Kingdom.

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STOCKBROKERS have hailed the government plans to amend a telecom act in a bid to allow foreign investors during primary offers. The players said the intention was good to the people and the economy and would help to enhance integration of the EAC economies.

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TANZANIA and other subSaharan African countries incur huge economic cost through direct and indirect impacts of micronutrients deficiencies on women, girls and children, a situation which could be fixed through cheap nutrition intervention.

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IRISH potato growers in Tanzania stand to benefit as construction of Irish potato development centre in Mbeya Region which is expected to boost yields is set to begin this year.

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LOCAL manufacturers have greater opportunity to promote their businesses to the next level through active participation in the 41st Dar es Salaam International Trade fair (DITF) that will commence next week.

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AS the dust is settling after the government agreed to resolve its dispute with Acacia Mining through discussion, the stage is now set for renegotiation of the mining deals that have been denying the country of its fair share from its mineral resources.

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DAR ES SALAAM Stock Exchange (DSE) market turnover jumped to 50.48bn/-last week compared to 1.2bn/- posted in the preceding period with the Tanzania Breweries Limited (TBL) dominating the market share by 98 per cent.

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THE results of Vodacom Tanzania initial public offer (IPO) are expected to be issued this week, the Capital Market and Securities Authority (CMSA) said yesterday.

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TANZANIA’S Gross Domestic Products (GDP) is tipped to grow by 7.2 per cent to become the world fourth fastest economy in this year. According to World Economic Prospect June report the country economy forecasted to grow at per with India GDP.

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TREASURY bills auctioned on Wednesday last week attracted over half a billion shillings, sending the short term instrument into almost five times oversubscription.

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ACACIA Mining will keep its three mines in the country operating “as long as a negotiated result is possible,” Acacia Mining CEO, Brad Gordon says as negotiations to resolve an impasse between the government and the mining firm have been agreed.

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ZANZIBAR has registered a nine-month high inflation that climbed to 7.1 per cent in April. On month-to-month basis the inflation in March was 6.4 per cent.

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PREPARATIONS for this year’s Majimaji Selebuka Trade Fair in Songea, Ruvuma Region have gathered pace, with at least 11 firms and institutions so far registered to participate.

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ACACIA Mining’s production of gold from Tanzania has been hit by an export ban of mineral concentrates but targets for the year remain unchanged at this stage, Chief Executive Brad Gordon said yesterday.

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CRDB Bank is considering to increase Junior Jumbo Account interest rates from 4.0 per cent to 7.0 per cent to cultivate saving culture among children. The bank revealed the initiative yesterday ahead of the International Day for African Child today.

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MOBILE money transactions in 10 months ending April this year reached 1,444.6 million worth 49.99tri/-, thanks to interoperability among the four major mobile payment services providers.

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CONTRACT farming may fail to boost cotton production as expected due to failure to adopt modern agricultural practices, the Cotton Board Director General, Marco Mtunga has cautioned.

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TANZANIANS living in the Diaspora have hit a milestone of 10,000 unique monthly transactions using WorldRemit, a digital money transfer service.

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