Finance

EAC states to charge 10 US dollars road toll

THE East African Community (EAC) member states have agreed to charge 10 US dollars per 100 kilometres as a road…

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I&M Bank, MasterCard partner to launch multicurrency prepaid cards

I&M Bank Tanzania has partnered with MasterCard to launch a suite of debit and multicurrency prepaid cards which will enable…

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World Bank approves 708bn/- for Tanzania food systems resilience programme

THE World Bank has approved a financing of 300 million US dollars (about 708bn/-) for implementation of Tanzania Food Systems Resilience…

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BoT strengthens measures of controlling forex exchange

THE Bank of Tanzania (BoT) has strengthened measures of controlling forex exchange in the country, with experts considering it as…

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Yetu shareholders: please give our bank back

Yetu Microfinance complained on Thursday that “it was never given the opportunity” to defend itself on the ongoing capital and…

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Uber, Tigo ink cashless payment deal

Uber and Tigo Tanzania have signed a one-year partnership to roll out a series of cash back initiatives for drivers…

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Tanzania introduces new directives on foreign exchange operations

THE Central Bank (BOT) has issued six directives to be adhered by all foreign exchange authorized dealers geared to foster…

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Local firm buys 50pc of Petra’s shareholding in Williamson Diamonds

THE local content in the mining sector has continued to pay off and seeing a Tanzanian company, Taifa Mining and…

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NIC Insurance profit slows down to 63bn/-

NIC Insurance has reported a slight pre-tax profit slowdown of 2.0 per cent, pulled down by written premium ceded to…

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UDBS FINANCIAL INSIGHTS: Exploring investment avenues in the Tanzanian economy – Part 5: Certificate of deposit

INVESTORS constantly seek secure avenues for wealth to grow in today’s volatile financial landscapes. We have explored investment in shares,…

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