THE Bank of Tanzania (BoT) and the Tanzania Insurance Regulatory Authority (TIRA) are finalising the formation of a special unit to oversee the establishment of an insurance cover for crops and farms to ensure farmers are indemnified from various risks, especially the vagaries of weather.
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THE growth of the Small and Medium Enterprises (SMEs) sector in Tanzania spells good fortunes for the budding economy. Apart from serving as breeding ground for emerging entrepreneurs, they set the ground for more equitable income distribution especially when it comes to poverty alleviation.
STAKEHOLDERS have warned that chances of missing revenue targets were high following the proposed changes on 25 per cent excise duty.
THE government will impose capital gains tax (CGT) on the sale of shares of a local entity by its parent company, activating the Income Tax Act, 2004, cited several times as having provisions for such action.
THE budget has included many ambitious proposals, which cannot adequately be realised given the poor state of revenue collection, experts have warned.
TELECOMMUNICATION firms, brewers and importers of used motor vehicles are not among those smiling in the government budget for the 2012/13 fiscal year.
THE 2012/13 budget read in Parliament last week appears to have little ripple effect on trading at the Dar es Salaam Stock Exchange (DSE) speech so far due to the small number listed companies, a stock broker has said.
THE current investment in oil and gas exploration in Mtwara region has exceeded 300 million US dollars (about 450bn/-). According to the Mtwara Regional Commissioner, Mr Joseph Simbakalia, the recent discoveries and rich potential for oil and gas have put the region on the verge of becoming the new and future growth pole of the country’s economy.
THE mobile phone company popularly known as “Tigo” has introduced tighter security measures for its Tigo Pesa service to provide more protection to customer accounts and secrets.
THE Tanzania Association of Microfinance Institutions (TAMFI) has opened a new chapter in Mwanza, the nation’s second largest city, the Executive Secretary, Ms Winnie Terry said in a press statement released in Dar es Salaam on Sunday.
THE 2012/13 budget read in Parliament last week appears to have little ripple effect on trading at the Dar es Salaam Stock Exchange (DSE) speech so far due to the small number listed companies, a stock broker has said.
