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October 2012
Swissport Tanzania scoops financial reporting award
Swissport Tanzania was last weekend declared the country winner of the 11th edition of the Financial Reporting (FiRe) Award at an awar...
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Kurasini residents to get 60bn/- compensation soon
The government will any time from now start paying compensation of over 60bn/- to Kurasini residents to give way for construction of C...
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Low world market coffee prices frustrate farmers
A coffee farmer Farmers' earnings from coffee production are likely to decline due to the continued fall of prices in the world ...
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Government securities yield seen on decline
BoT HQ in DSM Treasury Bill yields are decreasing since the beginning of the year, reflecting comparative liquidity in the market an...
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Ban on Tanzanite export bears fruits
The ban on the export of unpolished tanzanite has started to pay off as investors figure out investing in the country to source the ra...
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Shilling loses ground against US dollar
The shilling has continued to lose ground against the US dollar, despite this being the end of the month, when the demand for the loca...
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Banks challenged to lower lending rates
Dr Kigoda The Ministry of Industry and Trade has challenged commercial banks to find ways of lowering borrowing costs especially for...
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Honda India exports Brio to SA, East African states
Honda Brio Make Honda Cars India has started exporting Brio Make to South Africa and plans to do the same for Tanzania and other S...
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Kikwete to officially launch Arusha City
President Jakaya Kikwete is tomorrow (Thursday) expected to officially launch the newly announced City of Arusha by ‘City Emblem’ at...
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Rural telecoms to get 48bn/-
The government has set aside 48bn/- for low cost telecommunication connections in rural and underserved areas across the country where...
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Morogoro Mills Seek to Avert Receivership
Mr Abood The Member of Parliament (MP) for Morogoro Urban (CCM), Aziz Mohamed Abood, has taken the CRDB Bank and a receiver manag...
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Treasury Bills Remain Attractive
The latest Treasury Bills (TBs) auction has been oversubscribed by 103,760bn/- equivalent to 94.33 per cent, reflecting excess liqui...
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How winner built 4bn/- business at 27
Mr Ngowi (right)and his sister and Mr Ephraim Kimati Eight years ago, Patrick Ngowi’s mother gave him a Sh2.3million loan to ...
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Ewura engages TRA to avert fuel shortage
Worried over by the abrupt shortage of petroleum products, Tanzania now wants to purchase fuel that is destined for neighbouring c...
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Airtel to offer customers 500% bonus airtime
Mr Elangalloor Airtel Tanzania has announced a new promotion drive to reward its customers across the country in which customers w...
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Diamond production at Mwadui goes up
Petra Diamonds has said total production at its Williamson Mine is expected to increase to 2.5 tonnes per annum next year before climbi...
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Dar bourse posts vibrant performance
The Dar es Salaam Stock Exchange (DSE) has posted outstanding performance in 12 months time with its mark...
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Petra Diamonds ups output, revenues at Tanzania mine
Williamson Mine Petra Diamonds said that total production at its Williamson mine, in Tanzania went up by 93 percent to 57,050 carats ...
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Price fluctuations impede progress of small farmers
Smallholder farmers in low income countries are vulnerable to commodity price fluctuations that impact heavily on their expected earning...
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Demand for local currency set to increase
The demand for shilling is expected to increase, strengthening the local currency as corporate seek to meet their end of month obligatio...
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Coffee board starts local marketing campaign
As prices of coffee in the world have plummeted in the past three months, the Tanzania Coffee Board (TCB) plans to introduce a campaign...
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Transit fuel disrupts local supply
Mr Kaguo The Energy and Water Utilities Regulatory Authority (EWURA) has admitted that there are pockets of fuel shortage in some ...
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DSE posts robust performance
The turnover at the Dar es Salaam Stock Exchange (DSE) increased significantly to 1,005m/- last week compared to 220m/- recorded in the ...
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TBs auction registers massive oversubscription
BoT HQ in Dar The two-year treasury bonds auctioned by the Bank of Tanzania (BoT) on Wednesday ended with oversubscription of about 32...
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State outlines gas exploitation strategies
Mr Simbachawene Deputy Minister for Energy and Minerals George Simbachawene has said that Tanzania prefers adopting Production Sha...
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Bank wins global award
The First National Bank (FNB) has been named as the Most Innovative Bank of the Year for 2012, in the BAI-Finacle Global Banking I...
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Over 500m/- raised for MNH children cancer ward
Bank M and the Rotary Club of Dar es Salaam have raised over 531m/- in support to the construction of children cancer ward at th...
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China’s slowdown affects African countries growth
China's economic slowdown is poised to adversely affect growth in Sub-Sahara Africa (SSA) because of increasingly important contr...
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Lenders assess market risks
an Entrepreneur The ability of entrepreneurs to access loans at reasonable interest rates and terms for long term investments is det...
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Mobile phone money transfers grow fast
Increased use of mobile money transfers enables authorities to track informal funds in circulation and help in drawing up better m...
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Inflation falls to 13.5% in September
Tanzania year-on-year inflation rate fell to one year low in September to 13.5 per cent from 14.9 per cent in August, the National Bureau...
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Business turnover at Dar es Salaam bourse drops
The turnover at the Dar es Salaam bourse dropped 275 per cent to to reach 220m/- compared to 826m/- recorded last week. The Tanzania...
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Citibank sees assets grow to 70m US dollars
Citibank Tanzania's assets have grown 18 times to reach 70 million US dollars, thanks to the backing of its parent company which i...
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Local sugar producers told to compete
The Sugar Board of Tanzania (SBT) has urged local sugar producers to sell their product at competitive prices while the government...
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Agro-business keeps shilling sparkling
The shilling gained some little ground against the US dollar, thanks to improved exports revenues from the agricultural sector. The c...
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Apetite for govt securities remains high
BoT. HQ in Dar The latest Treasury Bills (TBs) auction has been oversubscribed by 38.86bn/- or 35.32 per cent, reflecting excess liqu...
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Exim Bank extends wings to Kigoma
Exim Bank, Tanzania’s sixth largest bank in terms of total assets and deposits, has continued to embark on its expansion programme, ...
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THE PRESIDENT OF BURUNDI ATTESTS TO THE REALITY OF THE MIRACLES IN BISHOP ZACHARY KAKOBE'S MINISTRY
link http://www.youtube.com/watch?v=FcDTwbP29BA
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Norwegian equity fund enters Tanzanian market
The business community has been called upon to utilise the long term credit facility provided by the Norwegian Investment Fund for Dev...
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Current foreign reserves standing offers good hope
BoT HQ at DSM: Tanzania has enough foreign reserves to cover four months of projected imports of goods and services, which can cus...
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Bank M records mouth-watering profit
Ms Woiso Bank M’s Head of Transaction Banking, Jacqueline WoisoBank M’s Head of Transaction Banking, Jacqueline Woiso BANK M...
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Mine’s engagement with locals impresses ministers
African Barrick Gold (ABG) would fully execute the Villages Benefits Implementation Agreements (VBIA) signed between North Mara Go...
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Dar es Salaam bourse trading posts positive trend
The Dar es Salaam Stock Exchange (DSE) was relatively vibrant last week, recording a total turnover of 826m/-, equivalent to 83 per cent...
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Court hears IPTL case
Independent Power Supply Tanzania Limited (IPTL) minority shareholder, VIP Engineering and Marketing Ltd, has outlined issues for ...
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NBC boss cleared of corruption, recalled
Mr Mafuru Allegations of bad management, corruption and theft made against the National Bank of Commerce (NBC) Managing Director, ...
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Row looms over Lupita Islands
Lupita Island The controversial ownership of Lupita Islands on Lake Tanganyika by an investor, a Tanzanian of British origin, who has ...
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Demand for bonds surges amid improved liquidity
Ten-year bonds auctioned last Wednesday attracted over 45 per cent more interest, proving earlier predictions. Market analysts predic...
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State, TanzaniteOne in share purchase talks
TanzaniteOne, a subsidiary of Richland Resources are still negotiating with the government on the best way to sell 50 per cent stock i...
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Tanzania to formalize cereals trade with Kenya
Mr Gama Kilimanjaro have greatly managed to contain the intensive but informal cross border trade with Kenya through formalization...
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