Business
feed-image
Advertisement

Top Stories

Grid List

ZIMBABWEAN business tycoon, Strive Masiyiwa will join Tanzania's business titans at a two-day business and investment forum with Israel investors to be held in Dar es Salaam next week.

Add a comment
Read more ...

TANZANIA'S second largest National Park, the Serengeti, has beat South-Africa's famous Kruger National Park in being the continent's most popular tourist destination as per recent survey.

Add a comment
Read more ...

ACACIA Mining revenue for the first quarter of 2018 fell by 33 per cent on lower gold sales due to declined output after reducing operations at its flagship gold mine amid a tax dispute with the government.

Add a comment
Read more ...

GLOBAL social media Analyst Company, Socialbakers has named Airtel Tanzania as one of the most socially devoted brands on Face book for this quarter.

Add a comment
Read more ...

TREASURY bills were auctioned this week were undersubscribed signaling money investors may be shifting focus from short-term to medium term government.

Add a comment
Read more ...

NIC Bank Tanzania has gone digital with the launching of a mobile money solution that is expected to improve businesses’ credit scores and make access to credit easier. According to a statement, NIC Bank Tanzania has partnered with Vodacom using an Mpesa payment solution called NIC LIPA that will encourage electronic record keeping, and will enable businesses to establish a clear transaction history, making it easier for them to access loans to grow their business. “

Add a comment
Read more ...

SUB-SAHARAN Africa’s growth is projected to reach 3.1 percent in 2018 and to average 3.6 percent in 2019–20, says Africa’s Pulse, a bi-annual analysis of the state of African economies conducted by the World Bank.

Add a comment
Read more ...

DAR ES SALAAM Stock Exchange (DSE) plc shares continue leading other equities in share price gain since the beginning of this year. The investors are pushing the share demand banking on the firm future growth prospects.

Add a comment
Read more ...

AIRTEL Tanzania has allayed fears to its customers following breakdown of communications services in some regions that experienced heavy rains from the beginning of this month.

Add a comment
Read more ...

DIAMOND Trust Bank has emerged the top financial institution with best risk management portfolio in the country.

Add a comment
Read more ...

THE shilling sunk to a new low level in yesterday trading as it continued to struggle under intense pressure from US dollars.

Add a comment
Read more ...

CRDB Bank pre-tax profit in 2017 tumbled by over 50 per cent last year due to increasing provisions for bad loans. According to the bank's financial statement the bank's profit before tax last year had plummeted to 46.9bn/- from 105bn/- made in 2016.

Add a comment
Read more ...

TANZANIA Insurance Regulatory Authority (TIRA) and the Financial Sector Deepening Trust (FSDT) have signed funding agreement for promoting microinsurance. FSDT will release 180,000 US dollars (over 390m/-) to promote key microinsurance activities particularly addressing the problems of demand and supply and inhibiting environment.

Add a comment
Read more ...

TANESCO has turned the tables over its debt paying to natural gas supply from Orca Exploration by paying more than invoiced in this year. The advance payment makes the state power supply utility to have a surplus balance with Orca, the parent company of PanAfrican Energy Tanzania.

Add a comment
Read more ...

THE government has pledged to strengthen the value of the shilling by curbing inflation and promote exports of value added goods through ‘export credit guarantee scheme’. This was said at the National Assembly in Dodoma yesterday by the Deputy Minister for Finance and Planning, Dr Ashatu Kijaji while responding to a question from special seats MP Ms Devotha Minja.

Add a comment
Read more ...

A newly established Karibu/Kilifair from the famous Kilimanjaro Tourism and Industry Fair on one hand and Karibu Fair on the other is targeting a business worth 1.5 billion US dollars among the participants.

Add a comment
Read more ...

A DELEGATION of French business leaders is in Dar es Salaam for a three-day business conference which begins today.

Add a comment
Read more ...

TANZANIA Investment Centre (TIC) has called for more investments from Chinese investors saying they are assured of government support to help them prosper.

Add a comment
Read more ...

African currency is set to go a notch higher as the regional parliament prepares laws for setting up key institutions. The East African Legislative Assembly (Eala) has said its committees are using the three-week Dodoma sittings, which began on April 9 to collect views on the East Africa Monetary Institute (EAMI) Bill, 2017 and the Statistics Bureau Bill, 2017, which had earlier sailed through the first and second readings.

Add a comment
Read more ...

THE search for a single East African currency is set to go a notch higher as the regional parliament prepares laws for setting up key institutions. The East African Legislative Assembly (Eala) has said its committees are using the three-week Dodoma sittings, which began on April 9 to collect views on the East Africa Monetary Institute (EAMI) Bill, 2017 and the Statistics Bureau Bill, 2017, which had earlier sailed through the first and second readings. The Monetary Institute Bill seeks to set up EAMI as an agency to initially perform the role of a regional central bank. It will be expected to craft policies required to back a single currency. The EA Statistics Bureau Bill will on the other hand create a regional agency akin to European Union’s Eurostat, charged with gathering data to guide decision making within the EAC Monetary Union. The Eala’s Committee on Communications and Trade is currently engaging with stakeholders on the regional Statistics Bureau Bill while its General Purpose Committee is handling views on the EAC Monetary Institute Bill. The East African ministers, including Kenya’s Cabinet Secretary for East African Community and Northern Corridor Development Peter Munya, are among the stakeholders on queue to exchange views with the Eala committees. “The Council of Ministers for EAC is thus expected to meet with the committees to thrash out key matters on both Bills,” Eala said in a statement The two agencies are among the enabling institutions whose absence has delayed the region’s match to a single currency regime. Others, which must be established to pave the way for a regional currency include East African Financial Services and the East African Surveillance, Compliance and Enforcement Commission. The East African Monetary Union protocol lays groundwork for a monetary union within 10 years during which the partner States will progressively converge their currencies into a single currency for the bloc. Kenya, Uganda, Tanzania, Rwanda, Burundi and South Sudan must, however, meet specific targets on public debt, inflation, forex reserves and fiscal deficit by 2021 to pave the way for the single currency. The States are required to keep their debt-to-GDP ratio at no more than 50 per cent and maintain fiscal deficit at not more than three per cent of the GDP. They must also keep overall inflation at eight per cent and hold forex reserves of 4.5 months of import cover

Add a comment

TANZANIA Bureau of Standards (TBS) has destroyed substandard electric cables worth over 16m/- imported recently by Chilambo General Trader through Dar es Salaam Port. The electric cables were seized by the bureau in its regular inspections at the port and found them to meet quality standards.

Add a comment
Read more ...

SMALL Industries Development Organisation (SIDO) has pledged to extend support to entrepreneurs in endeavour to establish industries. An official with SIDO,  Mlay, made  Abrahame remarks in Babati yesterday after meeting stakeholders in production and processing of honey and sunflower, pledging that he would support them as their guardian and see to it that they create employment to the youth and train them and ultimately be self-reliant. “

Add a comment
Read more ...

OVER 5000 Tanzanian Diaspora is expected to meet in Dallas, Texas USA for three days later this month to market the country. In the meantime, Turkish Airlines has issued two go and return tickets for two journalists from Tanzania to cover the event.

Add a comment
Read more ...

VODACOM M-PESA has marked yet another milestone after receiving the GSMA Mobile Money Certification at the Mobile 360 event in Abidjan, Côte d’Ivoire for protecting right of consumers.

Add a comment
Read more ...

THE fifth African Islamic Finance Summit is organised by AlHuda Centre of Islamic Banking and Economics (CIBE) is scheduled to be held in Dar es Salaam next week.

Add a comment
Read more ...

BARCLAYS Bank Tanzania has registered 215 per cent improvement of profit before tax to 11.3bn/- last year from a 9.8bn/- loss in 2016 largely due to revenue growth, decreasing loan loss impairment and stable cost base.

Add a comment
Read more ...

ACACIA Mining has posted strong operating performance after delivering solid production of 120,981 ounces of gold in the first quarter across the Group.

Add a comment
Read more ...

The East African Community is working overdrive to enhance market access to regional and international markets through a comprehensive export promotion strategy. The EAC Director General, Customs and Trade, Mr. Kenneth Bagamuhunda, said the Community is implementing programmes aimed at promoting and strengthening intra- and inter-regional trade including the implementation of trade facilitation programmes particularly the removal of Non-tariff Barriers (NTBs) to trade.

Add a comment
Read more ...

TANZANIA launched a new power plant last week with a capacity of 240 megawatts (MW), marking a turning point in the nations push toward industrialisation.

Add a comment
Read more ...

THE construction of the tallest Ngorongoro Conservation Area Authority (NCAA) investment building in Arusha region is at final touches, set to complete in next June, ready to provide magnificent tourism vibes.

Add a comment
Read more ...

NMB Bank is set to distribute 300 computers to schools in the country this year to support government efforts in raising education standards through Information and Communication Technology (ICT) programmes.

Add a comment
Read more ...

INFLATION rate for last month has decreased to 3.9 per cent from 4.1 per cent recorded in February this year on decline of food and nonfood prices.

Add a comment
Read more ...

STANDARD Chartered Group will spend 20 billion US dollars (equivalent to 44.8tri/-) to finance projects in the China’s Bulk and Road Initiative by 2020.

Add a comment
Read more ...
Advertisement
Inhouse_DN_300X60
advertisement
Advertisement
www.cardealpage.com
CardealPage Co. Ltd
www.habarileo.co.tz
Gwiji la Habari Tanzania
www.tsn.go.tz
Official Website for TSN
Sponsored Links

Advertise Here
Advertisement

Weather

Dar es Salaam Tanzania Mostly Cloud (night), 24 °C
Current Conditions
Sunrise: 6:24 am   |   Sunset: 6:19 pm
94%     11.0 mph     34.101 bar
Forecast
Sun Low: 23 °C High: 29 °C
Mon Low: 22 °C High: 31 °C
Tue Low: 23 °C High: 30 °C
Wed Low: 22 °C High: 30 °C
Thu Low: 21 °C High: 30 °C
Fri Low: 23 °C High: 30 °C
Sat Low: 23 °C High: 28 °C
Sun Low: 23 °C High: 26 °C
Mon Low: 23 °C High: 27 °C
Tue Low: 23 °C High: 26 °C