African Barrick Gold (ABG) has appointed Philbert Rweyemamu (pictured) as General Manager of the Tulawaka Gold Mine. Mr Rwey...
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August 2012
TICTS acquires 14bn/- quay crane
Tanzania International Container Terminal Services (TICTS) on Wednesday received a new US$9 million (about 14bn/-) quay crane and a ...
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Orca group maintains maximum production
Orca Exploration Group has continued to produce natural gas at maximum capacity in this year’s second quarter to meet raising demand f...
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State asks for more gas to Tanesco
Add caption The government has directed Orca Exploration Group to increase supply of gas to Tanesco to ensure that there is ade...
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TZ goes to Africa Week in Mexico
Mexico City Tanzania works to strengthen and expand trade relationship with Mexico in a bid to securing more market for the country’s p...
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Connection mishaps cause halt of bank services
Barclays customer leaves ATM without served Operations at Barclays Bank Tanzania normalised yesterday after a network fault disrup...
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Barclays, NBC reassure customers
Barclays Bank Plc has said categorically that the on-going merge talks with its subsidiary Absa Group of...
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Advans Bank joins Umoja switch
Advans Bank Tanzania has joined UMOJA switch, an automated teller machine (ATM) network, to provide its clients with an access of thei...
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TOL maintains recovery path
TOL plant in Dar TOL Gases vision to make a 6bn/- profit in the next three years has started to pay off. The journey to dream...
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Bank upgrades ATM software
The Bank of Africa Tanzania has made self-service banking faster and easier for its customers in all its locations by deploying new, s...
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Dar es Salaam bourse trading slows
Trading at the Dar es Salaam bourse were last week dropped by 179 per cent with only 798,809 shares changing hands compared to 2,229,238 ...
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Exim Bank forecasts bright prospects
Exim Bank has drawn strategies to enable it become Tanzania's preferred bank in the years ahead according to bank's Chairman o...
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NBC optimistic of profitable 2012 despite quarterly loss
NBC HQ National Bank of Commerce (NBC) remains optimistic of ending the year profitably despite posting all time huge loss of 20.2...
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Over 1,000 farmers benefit from NMB initiative
National Microfinance Bank’s (NMB) new initiative to encourage farmers to open accounts and save money for farm inputs has bore frui...
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Interbank transactions hit the ceiling
BoT HQ The interbank market volumes rose to 100bn/-on Wednesday, the largest amount to trade in the last three years, on the back o...
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China moves to curb exportation of counterfeits
Presidents Hu and Kikwete The government of China has set up a crack squad of inspectors that has been detailed to keep an eye on ...
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Modern shopping mall for Mwanza
Mwanza City The construction of a multibillion and modern shopping complex has taken off in Mwanza city, the 'Daily News' ...
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Dar, Kinshasa sign deal to smoothen business
Mr Kilitlya (near camera) and Mr Magera Tanzania and Democratic Republic of Congo (DRC) revenue authorities signed a Memorandum of...
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Groups in talks over merger of Barclays Tanzania, NBC
NBC HQ which was formerly Barclays Bank HQ in Tanzania The National Bank of Commerce (NBC) and Barclays Tanzania could soon become...
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Experts push for commercial farming
Agriculture experts have underscored the need to implement commercial farming to ensure it never sidelines small-holder farmers. ...
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NMB sponsors Maisha Plus
Mr Masoud National Microfinance Bank (NMB) has offered 50m/- sponsorship to Maisha Plus, a reality television show that will this...
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Shilling appreciates on tourism, coffee inflows
The shilling strengthened significantly against the dollar on Tuesday, supported by inflows from tourism and coffee exports, money ana...
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Traders decry poor business
Pugu Animal market Goats and sheep traders at Pugu market have decried declining auctioning of animals at the market, blaming mark...
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Precision Air increases daily flights to Arusha
PW passengers boarding Precision Air has announced it would increase the number of flights it makes daily to Arusha starting toda...
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Mobile phone users opt for messages
The number of on net traffic mobile phone calls declined by 2.6 per cent in the first quarter of 2012 compared to quarter ending Decem...
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Brokers divided on banks' performance
Stockbrokers have welcomed the performance of financial institutions in the second quarter with mixed feeling. They said for instanc...
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Plate number can turns to be a fortune
The number plate's face value is insignificant. The materials used in making them are not even worth the price motorists pay for pla...
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Phoenix Assurance net profit soars 13%
Phoenix Tanzania Assurance Company’s net profit soared by 13 percent in 2011, according to the firm’s audited financial statements. ...
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Swissport profit jumps, dividends up
Swissport Tanzania profit before tax increased by eight per cent in the first half of this year, thanks to increased frequencies and use...
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VAT waivers set to boost agriculture
Dr Mgimwa Decision by Finance Minister, Dr William Mgimwa to waive value added tax (VAT) on irrigation, tractors, farm implements a...
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Africa's first Dreamliner lands at KIA
B787 at KIA Kilimanjaro International Airport became the first African destination for the Ethiopian Airlines' newly acquired a...
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Brazilian companies eye agricultural sector
Mr Mbilinyi Seven major Brazilian companies dealing with agriculture have shown interest to invest in the country. This was sa...
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Analysts project further drop in inflation
Economists have projected further significant drop in Tanzania’s headline year-on-year inflation rate that slowed to 15.7 per c...
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Companies’ profits spark DSE trading
Activities boomed on the Dar es Salaam Stock Exchange (DSE) as financial results for mos...
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TOL makes U-turn in profitability
TOL plant in Dar TOL Gases has recorded the first profit after five consecutive loss years, signalling that the industrial and hospita...
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Bad debts ‘strangle’ NBC Bank
The National Bank of Commerce (NBC) made a loss of 20.3bn/- for the quarter ended June 2012, blaming the results on bad debts. The bank ...
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NMB leads in profitability
National Microfinance Bank’s (NMB) impressive financial performance in the second quarter of the year might attract equity investors to s...
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Barrick Gold in talks to sale Tanzania mines to China
Canada’s Barrick Gold is in preliminary discussions with China National Gold Group Corporation over its 74 percent stake in unit Afr...
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Mwanza airport for 100bn/- expansion
Dr Mwakyembe The government has awarded contract to expand the Mwanza airport to a Chinese firm, the National Assembly was told. ...
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Inflation slows to 15.7% on food, energy
Tanzanian inflation slowed for a seventh consecutive month in July as food and energy costs declined, the National Bureau of Statistic...
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FGBF church donates to prisoners in Burundi
In Bishop Kakobe's Burundi Revival Mission, after Bishop Kakobe preached to the Prisoners at Mpimba Maximum Security Prison; he don...
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Gold retains dominance in forex generations
Gold exports have continued to play a significant role in the country’s foreign earnings because of price appreciation of the precious...
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Decimal drop of inflation remain unfelt
Activity level and turnover at the Dar es Salaam Stock Exchange (DSE) have not changed much despite a slight two per cent decline in i...
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Shilling loses ground against dollar
The shilling has continued to lose against the US dollar as importers’ demand outweighs inflows of the hard currencies in the local ma...
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Meat prices up as daily cattle sales rise
Daily sales at Pugu cattle market increased by 7.2 per cent but failed to check prices from an average 12 per cent rise. The Mini...
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Pipeline, oil refinery projects up for revisit
Mr Masele The government is revisiting plans to construct the Dar es Salaam-Mwanza-Kigoma pipeline and an oil refinery, after Noor ...
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Tanzania prepares human capacity for gas economy
Tanzania has started implementing its plan to enhance its human resource capacity in the oil and gas sector over recent discoveries...
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Investors rush for 10-year treasury bonds
The 10-year bond by the Bank of Tanzania (BoT) was oversubscribed by 19.49bn/-, an equivalent of 65 per cent. According to the...
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Isles current account improves
Narrow Street ZnZ. Zanzibar current account for the year ending June 2012 improved with a surplus of 11.3 million US dollars (over ...
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Tanzania plans sovereign wealth fund
The rationale behind Tanzania's plan to create a gas sovereign wealth Fund (SWF) to finance development projects in future has bee...
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