THE government has no plan, at least for now, to suspend Tanzania Bureau of Standards (TBS) Director General Charles Ekelege to pave way for investigation as Members of Parliament have demanded.
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STANDARD Chartered Bank net profit rose almost three times in the fourth quarter of last year, with interest income boosting the bank's overall earnings.
TANZANIANS were on Tuesday told to formalise their businesses to access affordable and long-term housing credit facilities under the Tanzania Mortgage Refinance Company Limited (TMRC), a financial institution owned by commercial banks in support of mortgage lending in the country.
CERTIFIED organic farming is now a lucrative business that generates a whopping 60 billion US dollars (about 90trn/-) annually although millions of farmers remain outside the formal system, the UN Conference on Trade and Development (UNCTAD) said in a statement on Monday.
Bank of Tanzania (BoT), whose key agenda is to stabilise the exchange rates to make it easier for the economy to function at full potential, said on Monday that the shilling movement remains unpredictable.
AS demand for Treasury Bills is expected to build up in Wednesday’s auction, interest rate will continue to edge downward. In a 100bn/- deal to be floated, the Bank of Tanzania (BoT) is expected to maintain the same volume planned to be acquired despite the oversubscription.
RISING financial discipline and responsible borrowing are among the major factors that have greatly contributed to reduce nonperforming loans by the lending institutions in the country. Commercial banks and financial institutions are obliged to conduct businesses strategically to earn profit and avoid being plunged into heavy losses.
MARA region’s tobacco farmers were paid 1.34 US dollars (over 2,100/-) per kilogram, the prevailing price in the Kenyan market. The price was above the average price of 1.15 US dollars (about 1,800/-) per kilogram that many local tobacco growers received.
ANTI-Frankenstein crops activists are urging the government to reject American aid that seeks to ease strict regulations that prevent introduction of genetically engineered organisms in the country.
ONLY communities in Kondoa district in Dodoma region may get 80 percent of the payments from Reduced Emissions from Deforestation and Degradation for government forests when a post Kyoto Protocol carbon trading regimes starts next year.