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TRA hits record collections

THE Tanzania Revenue Authority (TRA) has set a new record for tax collection in the first quarter (July-September), surpassing all…

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Tourism, export sectors upsurge boost earnings

TANZANIA: Tanzania has seen notable uptick of tourism and export sectors in the year ending July, significantly contributing to sustained…

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DSE soars 22pc in nine months

The Dar es Salaam Stock Exchange (DSE) has experienced a remarkable 21.5 per cent surge in performance during the first…

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Rosatom strengthens ties on alternative energy, nuclear power with Mali

MOSCOW: As the Russian Energy Week approaches, the Malian and Russian sides discussed progress in the implementation of alternative energy…

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FED rate cut: Rise and adapt (Part 2)

“INTEREST rate cuts reduce the cost of borrowing in US dollars, creating more favourable liquidity conditions for businesses globally,” said…

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Q4 2024 CBR decision: Can BoT balance inflation, growth and global trends?

THE Bank of Tanzania (BoT) is preparing to announce a new Central Bank Rate (CBR) for the fourth quarter (Q4)…

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Impact of AI on the economy and financial market infrastructure

ARTIFICIAL intelligence (AI) is making incredible strides worldwide. Many establishments, governments and organisations are rapidly shifting from analytical AI models…

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PURA, M&P meet as drilling project at Mnazi Bay nears

DAR ES SALAAM: The Petroleum Upstream Regulatory Authority (PURA) met with the operator of the Mnazi Bay Block, Maurel et…

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Islamic finance grows in Tanzania, capital markets lag

ISLAMIC finance has gained traction globally, offering a framework that aligns financial activities with ethical and religious principles. This trend…

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NICOL’s 2023 financial story: Balancing stability, growth and diversification

NICOL, a closed-end fund listed on the Dar es Salaam Stock Exchange (DSE), demonstrated impressive financial results for 2023, underscoring…

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