Finance

KCB to raise 10bn/- through Islamic bond

KCB Bank plans to raise 10bn/- through the first public Islamic bond—Fursa Sukuk—with an attractive profit return payable every quarter.…

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Loan Officer’s gender and lending: Does it matter to the banking sector in Tanzania?

THE banking sector plays an important role in allocating scarce financial resources to efficient use within an economy. Commercial banks…

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Domestic revenues collection up by 18.5 pc

COLLECTION of domestic revenues grew by 18.5 per cent in the 2021/22 financial year compared to the 2020/21 fiscal year,…

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State: Preps for Kilwa fishing port project underway

Preliminary preparations for the construction of a fishing port at Kilwa Kivinje in Lindi Region have started, Parliamentarians told in…

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…. China waives Tanzania’s debt worth 31.4bn/-

CHINA has waived a ortion of Tanzania’s debt worth 31.4bn/-, being part of 15 strategic agreements signed between the two…

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Guarantee facility in interbank money market in offing

TANZANIA is set to have a Tradeclear or an Umbrella Guarantee Facility in the next two or three years to…

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I&M Bank focus on business strategy, growth momentum

I&M Bank Tanzania has said it is upbeat to realise its business strategy to help the bank maintain growth momentum.…

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NMB MasterBata 4th edition to boost customers’ incomes

THE fourth edition of the NMB Bank MastaBata digital payment campaign is underway following its launch in Mbeya last weekend…

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URA Saccos issues over 394bn/- loans to members

USALAMA wa Raia Savings and Credit Cooperative Society (URA SACCOS) has disbursed more than 394bn/- loan to her members whereby…

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Over 900 young food vendors get boost from beverage company

More than 900 young food vendors have been equipped to take their rightful place as equals in the economy through…

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