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TANZANIA’S semi-autonomous archipelago of Zanzibar is set to refurbish the largest and tallest building in its world heritage site stone town to woo tourists.

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TOMATO farmers will sigh with relief after a tomato processing facility at Ikokoti Village in Iringa Region sets to go on with production next month.

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A NEW mortgage financing firm, First Housing Company Limited, has been launched bringing into the market new affordable innovative mortgage products.

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THE National Health Insurance Fund (NHIF) has begun processes to review accreditation regulations for health facilities which require them to be on operation for not less than three years.

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TANZANIA investment growth is expected to remain firm in 2018 and 2019 due to moderate improvements in commodity prices and reforms to tackle macroeconomic imbalances.

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MWANGA Community Bank has posted a net profit increase of over 16 per cent in this year’s third quarter thanks to non-interest income. The bank posted a net profit of 846.04m/- in Q3 up from 52.43m/- in the same period last year.

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STRONG demand greeted the treasury bills auction sending the note to over subscription despite the fall of yield rates across all tenures. Bids worth 255.98bn/- were collected on the auction of the short-term maturities held at the Bank of Tanzania (BoT) on Wednesday, indicating high market liquidity among investors.

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A SIGNIFICANT number of private health facilities treating National Health Insurance Fund (NHIF) beneficiaries are in financial distress following delays to get back their returns from the fund.

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NATIONAL Investment Company Limited (NICOL) Group has posted a slight profit increase in the first half of this year as it revives re-listing bid on Dar es Salaam Stock Exchange (DSE).

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THE government has hailed Vicoba groups for financial discipline in repaying loans, which has helped them to win trust of the financial institutions.

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THE government has commended Barclays Bank Tanzania for various initiatives on education and skills development in an endeavour to equip youth on taking active part in building robust industrial economy.

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SMALL scale salt producers in Kilwa District, Lindi Region incur huge losses from their business due to lack of reliable market.

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MULTICHOICE Tanzania has vowed to maintain the quality of its services in the country and remain on top of all service providers as it marks 20 years of its existence in the country.

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THE Dar es Salaam Stock Exchange (DSE) turnover jumped to 29.9bn/- last week from 1.5bn/- of the previous period with the industrial and allied sector contributing 84 per cent of market activity and 100 per cent of total turnover.

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THE Bill & Melinda Gates Foundation has released a new open source software for creating payment platforms to help over two billion unbanked people globally access digital financial services.

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CHAI Bora has acquired Dabaga factory, a leading tomato source firm, and expanded it into a state-of-the- art facility.

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ACCESS BANK Tanzania’s agent banking unit has transacted some 60bn/- in this year’s first nine months. The bank’s channel dubbed Access Bank WAKALA went in operation in the first quarter of last year registered a remarkable performance in the last two months and its agents reached 200 to date.

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TOUR operators have launched ‘De-snaring programme’, which aims at fighting against the rampant snares set by local bush meat mongers to catch massive wildlife within the country’s flagship park of Serengeti.

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DEPUTY Minister for Finance and Planning, Dr Ashatu Kijaji, has reiterated the government commitment to ensure that all Tanzanians enjoy best social services urging business people to adhere to tax compliance.

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PETRA’S Williamson Diamond production has increased 6.0 per cent as a result of improved liberation associated with the new milling section of the plant.

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THE Tanzania Trade Development Authority (TanTrade) has assured small traders selling spices of reliable market yet connecting them on global opportunities.

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PETRA Diamonds has announced that it is likely to breach key debt covenants with its lenders as a result of the labour disruptions that took place in September at its Finsch mine and the Kimberley Ekapa joint venture in South Africa.

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CREDIT to the private sector recorded positive annual growth by 1.3 per cent to 213.1bn/- in the quarter ending June, with manufacturing and trade registering strong growth.

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BRICS countries have replaced United Kingdom and the European Union as Tanzania’s main trading partners, dominating the country’s import and export trade, according to latest

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WITH a capital of 1.2tri/- Village Community Bank (VICOBA) has the potential to boost industrialization drive, the Minister of Industry, Trade and Investment, Mr Charles Mwijage, has said.

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TOUR operators will commemorate the 18th Tanzania’s founding father, Mwalimu Julius Nyerere’s day tomorrow by reflecting on conservation challenges.

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EXIM Bank is keen to expand its presence into the East African Community (EAC) market mainly targeting emerging businesses and the informal sectors.

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TANZANIA Bureau of Standards (TBS) has been challenged on provision of continuing education and awareness on standard and quality for manufacturers in the rural.

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Centre: ASS Managing Director Nicomed Bohay

Business

TANZANIAN peasants may soon become protected against natural disasters and weather related risks if plans to establish an agricultural insurance fund materialise.

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Ms Punam Chuhan-Pole

Business

TANZANIA and East African countries are set to gain through increased trade and global financing as sub-Saharan Africa is projected to record modest growth recovery this year.

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A SWEDISH based company ‘VR Holding AB’ has announced to relocate the 5.5trl/- wind power plant from Malindi, Kenya to Tanzania saying it will be easier for the implementation of the project.

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DECLINE of volume and low export performance are behind the fall of export earnings in the quarter ending June this year, according to the Bank of Tanzania (BoT) Economic bulletin.

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OVER 60 per cent of investment flow in the country is going to the industry sector, the Tanzania Investment Centre (TIC) said in Dar es Salaam yesterday.

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