Is Fastjet really a low-cost airline? This question has been asked several times by passengers flying Tanzania’s budget airline, but t...
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March 2015
Broke, but not broken, KQ in deep cash crisis
After dominating the region for decades, with many seeing it as a success story, Kenya Airways (KQ) is in deep financial crisis, with repo...
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Lack of funds dogs Africa’s Agenda 2063
Securing funds to implement Africa’s Development Agenda 2063 is the biggest challenge facing most countries on the continent. Ethiopian ...
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Dollar weighs heavily on Tanzania shilling
The shilling has depreciated by about 5.0per cent in the first quarter of this year due to mostly strengthening of the US dollar against m...
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Tanzania: deposit, lending rates gap narrows down
The spread between one-year deposit and lending rates has narrowed down leading to a relief to lenders and depositors as both are benefi...
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We’ll unlock economic potential, EAC leaders
East and Central Africa’s leaders (in picture) pledged yesterday to use the Central Transport Corridor to unlock the region’s socio-econom...
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Tanzania: Tanga international trade fair well received
Small, medium and large scale entrepreneurs have been urged to capitalise on the 3rd Tanga International Trade Fair 2015, to showcase th...
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Tanzania: Huge agro-waste potential is wasted
Agro-waste conversion to generate energy for productive applications remains largely untapped area that could contribute immensely in ad...
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UK experts focus on Tanzania oil and gas industry
Scottish oil and gas businesspersons and experts are in the country targeting to get local partners for investment in oil and gas manpower...
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Tanzania halts ‘nuisance tax’ on handicraft sold to tourists
The government has swiftly intervened in a parastatal’s attempt to frustrate carvings traders and tourists by slapping hefty royalty on ...
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Gold exports continue to fall
The value of Tanzanian gold exports continued to decline as tourism earnings exceeded the $2 billion mark in the year ending January 201...
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Tanzania's Exim Bank launches second branch in Djibouti
Exim Bank Tanzania has opened its second branch in Djibouti to extending its services to customers in the Horn of Africa as it continues...
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Bank M profit rises on loan growth
Bank M, one of the country’s fastest growing banks, has declared a pre-tax profit increase of over 17 per cent in 2014, thanks to loan p...
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Non-interest income boosts BOA profit
Bank of Africa Bank (BOA) Tanzania announced a six per cent net profit increase, attributed to non-interest income. The statement issued...
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Total Tanzania launches road safety campaign
Total Tanzania Limited has launched awareness campaign on road safety education to 210,435 pupils in Dar es Salaam, Kibaha and Bagamoyo ...
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Africa-China young leaders forum kicks off next week
About 150 delegates from 40 African countries are expected in the country for a Global Young Leaders forum expected to be held in Arusha...
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Tanzania: DSE shows positive trend
Six counters of the local listed stocks at the Dar es Salaam Stock Exchange (DSE) recorded price appreciation driven up partly by the expe...
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Tanzania's Mkapa irked as locals shy away from TIC
Former president, Benjamin Mkapa (pictured), said on Monday he is disappointed that Tanzanians do not utilise the services offered by th...
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Shock as KQ flight ban begins to bite
The effects of the drastic reduction of Kenya Airways (KQ) flights into the country have begun to bite, with the business community in p...
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Tanzania's Bank reject customary land titles for loan security
Certificates of customary rights of occupancy were issued to, among other things, help farmers acquire loans by using them as collateral...
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Tanzania govt backs Prisons bid on commercial bank
Backed by a staggering over 9.6bn/- financial muscle and over 12,476 members, Tanzania Prisons Savings and Credit Cooperative Society (T...
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Tanzania shilling loses on higher dollar demand
Strong demand for the US dollar from oil and manufacturing sectors has contributed to the depreciation of the shilling against the green...
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Kagera Farmers' Bank suffers over 211m/- loss
Kagera Farmers Co-operative Bank (KFCB) sunk to the red after posting a net loss of 211.08m/- in last quarter of 2014, as its non-perfor...
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Twiga Cement profit soars by 50%
The Tanzania Portland Cement Company (TPCC) net profit went up by almost 50 per cent in 2014, thanks to the firm's strengthened bran...
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Tanzania women go for fuel efficient cars
Fuel efficient small cars are getting popular with women drivers in Tanzania unlike the original notion that colours such as pink, purple ...
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Collective investment funds under UTT swim in profits
Unit Trust of Tanzania-- Assets Management and Investor Service (UTT-AMIS) scheme has grown by 25 per cent, thanks to the good performan...
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