African Barrick picks Tulawaka mine GM

African Barrick Gold (ABG)   has appointed Philbert Rweyemamu (pictured) as General Manager of the Tulawaka Gold Mine. Mr Rwey...
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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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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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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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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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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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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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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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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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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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