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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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TANZANIA Petroleum Development Corporation (TPDC) gas processing plant has operated for almost 20,000 hours without an occupation accident.

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BANK of Tanzania (BoT) will maintain the accommodative monetary policy stance to stimulate further recovery of growth of private sector credit and general support of various economic activities.

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THE Business Registrations and Licensing Agency (BRELA) has finally replaced the paper based registry with the Online Registration System (ORS), which among other things aims at simplifying companies and business registration.

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PARLIAMENTARY Committee on Agriculture, Livestock and Fisheries has appealed to the government for tax exemption on loans for agricultural input supported by Private Agricultural Sector Support Trust (PASS), to enable the basket fund to reach more farmers.

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THE country’s banking sector soundness has improved further despite closure of five community banks over lack of adequate capital early this year.

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GROWTH of private sector credit declined to 1.7 per cent in the year ending December last year compared to 7.2 per cent in the corresponding period 2016 due to higher nonperforming loans and banks’ preference to low risk government securities.

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THE Islamic Republic of Iran has shown interests in conducting business with Tanzania, especially on the oil and energy sector, after being satisfied with good investment regulations put in place by the government.

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PROVISION of training to Small and Medium-sized Enterprises (SMEs) on business licensing, access to finance as well as entrepreneurship skills are crucial for them to make real progress.

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ABOUT half of bureaux de change currently operating in the country are likely to close as they will fail to meet new licensing requirements, a senior Central Bank officer, has said.

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TRAVEL receipts rose by over 450bn/- to reach 5.14tri/- last year up from 4.68tri/- in 2016 due to an increase in the number of tourist arrivals as an outcome of promotion by the government and private sector.

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THE youth have been advised to stop complaints against the government and instead use youth councils as platform to promote their development.

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THE Citi Foundation has announced support to the Citi Micro-entrepreneurship awards, which seek to promote financial inclusion and generate recognition for the individuals who have made changes in the communities.

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THE Tanzania Revenue Authority (TRA) has collected a total of 81.2m/- as a fine from 47 traders who failed to comply with the law that needs them to issue Electronic Fiscal Devices (EFDs) receipts to their customers.

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MINISTER for Livestock and Fisheries, Mr Luhaga Mpina said over the weekend that the government will conduct an assessment exercise on the meat importation permit to see if there is need of continuing with the importation of meat to the country.

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TANZANIA will next month join Kenya and Uganda on introducing and using interest policy rate on price stability. Also Rwanda is in the list to shift to the policy rate later this year.

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THE Tanzania International Container Terminal Services (TICTS) has recorded a key milestone after handling 501,690 of twenty-foot equivalent unit (TEU) on the back of strong regional trade in 2017.

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SOME dishonest traders in Rukwa Region use unregistered Electronic Fiscal Devices (EFDs) to evade tax, the Regional Commissioner, Mr Joachim Wangabo has said.

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ACACIA Mining said last week it had bought $2 million worth of options that protect it against lower gold prices in a fresh effort to offset the impact of a government ban on concentrate exports.

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PRESIDENT for the Federation of Miners in Tanzania (FEMATA), Mr John Bina has urged miners in the country to pay various taxes and other charges imposed by the government, timely and voluntarily in order to avoid unnecessary hassles in their undertakings.

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TRAVELLERS from Tanzania to the United Arab Emirates on Etihad Airways will get a free visa deal on arrival at the airport offered by the airline for February.

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