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CRDB Bank’s TemboCard has broken its own record and become the first credit card in the country's history.

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TLECOM shares in market remain largely unchanged in the second half of last year, as seven mobile operators continued to scramble for a share from 40 million subscribers, according to Tanzania Communications Regulatory Authority (TCRA) data.

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ASSETS belonging to Acacia Mining's Buzwagi gold mine will be auctioned next month, as it prepares to end mining activities later this year in transition to processing stockpiles.

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THE government has pledged to reopen Kiwira Coal Mine that once offered immense opportunities and benefits to Lema and Kapeta villagers in Ileje District, Songwe Region. The operations at the coal mine Kiwira were shut down in 2012 and all the 400 workers laid off.

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THE interbank cash market is set to take a monetary centre stage as the economy migrates to interest-rate targeting next month. Under the new monetary framework, the price of money will dwell on interbank rates unlike current that the rates are benched using government securities—treasury bills or bonds.

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PETRA Diamonds Ltd said core earnings fell 8 per cent in the first half of the year, hurt mainly by a strike at its South Africa operations and the blocking of a consignment of diamonds in Tanzania.

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COTTON farmers in Kwimba District, Mwanza Region are expecting bumper harvest of the cash crop this season thanks to the efforts by the district leaders to promote modern agricultural practices.

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NESCH Mintec Private Limited has received accreditation from the Southern African Development Community Accreditation (SADCAS) for offering laboratory analytical services, and consultancy in mining industry in the country.

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THE Tanzania Engineering and Manufacturing Design Organisation (TEMDO) has been directed to manufacture food-processing appliances to be delivered in all regions.

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THE government has called on the Dar es Salaam Water and Sewerage Authority (DAWASA) and Dar es Salaam Water and Sewerage Corporation (DAWASCO) to seek loans from local lending institutions for executing water projects.

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Changing face of Namanga, the border point connecting Tanzania and Kenya where improved infrastructure makes it an attractive as captured by yesterday. East African Community (EAC) Heads of State meet on joint retreat in Uganda this week to deliberate of regional infrastructure and health development projects. (Photo by Hazla Omar)

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PREPARATIONS are finalized for the Joint EAC Heads of State Retreat on Infrastructure and Health Financing and Development scheduled for this week in Kampala, Uganda, EAC Secretary General Amb. Liberat Mfumukeko has said.

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THE Sumbawanga Airport is set to receive a 55.9bn/- major facelift and become an international facility. The airport, once completed, sets to stimulate economic growth in the region while at the same time attract business opportunities in the neighbouring countries—Zambia and DRC.

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THE shilling loses its grip against US dollar last week as the pressure continues to mount. The shilling, due to increase pressure from greenback lost its grip slightly by 0.09 per cent to 2,254/89 versus 2,252/97 the week before, according to Orbit Securities weekly report.

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DAR ES SALAAM Stock Exchange (DSE) turnover has gone up 20 per cent thanks to increased activities at three counters in the last seven days.

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THE East African Council appellate division has dismissed an appeal filed by Castro Pius from Tanzania with cost. The Tanzanian whose application was seeking for an injunction to stop the EAC partner states which had not signed the European Partnership Agreement (EPA) not to sign the same and those who had signed, to stop them from carrying out any further procedures and processes.

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TANZANIA Breweries Limited (TBL) has scooped an award as the best practices in recycling and environmental friendly waste management at its Dar es Salaam plant.

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A TOTAL of 13 institutions including hospitals and orphanage have benefited from donation of various products confiscated by Tanzania Revenue Authority (TRA) in Mara region recently.

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THE value of manufactured goods in the southern zone has increased by over two-fold pushed up by cement and cashew nut kernel output, according to a Bank of Tanzania (BoT) report.

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WOMEN operators in tourism industry will meet for a one-day symposium dubbed ‘Women in Tourism 2018’ in Serengeti National Park this week to discuss the role of women in society and participation of women in the labour market.

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TANGA Regional Commissioner Martine Shigella (pictured) has appealed to the ministry of Works, Transport and Communication to fast-track expansion of Tanga port due to its importance to East African land locked countries.

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BUSINESS community in Dodoma has asked the government to intervene and end trade of illicit liquor in the country, saying they pose serious health threats to the youth.

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TANZANIA Electric Supply Company (Tanesco) has signed a memorandum of understanding (MoU) with Kibo Mining as a precursor to the finalisation of a power purchase agreement (PPA) for the Mbeya coal-to-power project (MCPP).

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SIHA District Council has approved a draft budget plan of 26.6bn/- for the financial year 2018/19 with own sources decreasing by 18.9 per cent.

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THE Gross Domestic Product (GDP) in the south eastern zone grew by 16.3 per cent thanks to good performance in agriculture and manufacturing sectors. The GDP for Ruvuma, Mtwara, Lindi and Coast regions measured at current price, climbed to 10.75tri/-in 2016 from 9.24tri/- in 2015, according to a Bank of Tanzania report“This performance was mainly on account of good performance in agriculture and manufacturing sectors,” says the report titled South Eastern Zone Economic Performance Report For the Year Ending June 2017.

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TANZANIA Electrical, Mechanical Services Agency (TEMESA) plans to fix an automated fare collection system at Pangani Ferry in Tanga Region, to boost revenue collection by plucking off leakages.

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FISHERMEN in Lake Tanganyika in Kalambo District, Rukwa Region have expressed concern over a 800m/- modern fish market which is not operating for the past five years.

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DAR ES SALAAM Stock Exchange (DSE) has posted a strong net profit increase of 47.4 per cent in last year’s quarter four, thanks to transaction fees that doubled.

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ABOUT 44.8 million transactions valued 1.90tri/- were processed through interoperability between major mobile payment services providers in the country in the first half of 2017/18 fiscal year.

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THE National Economic Empowerment Council (NEEC) will hold a national forum to promote opportunities in the construction of crude oil export pipeline that will transport Uganda’s crude oil from Hoima to Tanga port.

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COAST Region is set to become the country’s industrial hub going by the number of new large and medium size facilities under construction in addition to those already operating.

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THE Bank of Tanzania (BoT) is considering to review deposit payoffs after when a bank collapses to ensure depositors get more from their deposits.

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DAR ES SALAAM Stock Exchange (DSE) turnover plunged 88 per cent in a single week to be among the heaviest fall since this year began.

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STAKEHOLDERS in the agriculture sector convene in Dodoma from tomorrow for a three-day Annual Agricultural Policy Conference (AAPC) to assess progress in policy reforms and chart out agenda for the future reforms in the sector.

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