DSE Price Updates

                              TOL 330.00     TBL 1,800.00     TTP 510.00     TCC 1,640.00     SIMBA 1,780.00     SWISSPORT 650.00     TWIGA 1,340.00 -20.00     NICOL 305.00     DCB 360.00     KA 1,500.00     EABL 2,000.00     JHL 5,860.00    
LAST UPDATE: 24/9/2008 - 5:58PM EAT

Friday, August 22, 2008

JK on EPA when addressing the National Assembly.

President Jakaya Mrisho Kikwete of Tanzania yesterday addressed the National Assembly in Dodoma. Amongst the things he talked about was the "EPA Scandal". You can watch a 2-part video of the President's speech on the Daily News Website by clicking on the image below

(Photo courtesy of Lukwangule Blog)

Thursday, August 21, 2008


I recently posted an article titled Tanzania inflation surges to 9.5% on the forum. That is obviously a very high rate, and according to some anonymous sources, the actual inflation may be even higher than that as the National Bureau of Statistics, NBS is apparently usually under political pressure from the government to play around with the figures so as to ensure the inflation is as small as they can report it, with the main target being keeping the rate under double figures always. So if the claims are indeed true, the actual inflation should be at least 10%; maybe even 11%!! This is very alarming for investors in the financial markets because the wighted YTM of 364-day T-Bill is only 11.50% whereas the total YTM for the 35-, 91-, 182- and 364- days T-Bills is 9.86%.

I extracted the following table of CPI and inflation development for Jan-Jul 2008 from the NBS website

(Click on the image to enlarge)

What do you think are the courses for such high inflation rates and what should we do to control the inlfation?

Treasury Bills Auction Summary - 20/Aug/2008

(Click on the image to enlarge)

Treasury Bonds Auction Summary - 13/8/2008

(Click on the image to enlarge)

Gas price hike proposal, again

2008-08-20 11:14:24
By Correspondent Austin Beyadi

The Energy and Water Utilities Regulating Authority (Ewura) Consumer Consultative Council (CCC) has said that accepting the Pan African Energy Tanzania (PAT) Limited and Tanzania Petroleum Development Corporation (TPDC) joint application on hiking gas tariffs is making commitments whose consequences are far reaching.

The TPDC and PAT mid this year submitted an application to Ewura with regard to raising natural gas distribution, marketing, metering and connection tariffs. More...


Wednesday, August 20, 2008

China vs. 'The West' -- A new scramble for African resources?

So, it's almost two decades since the Soviet Union collapsed. And for a while the West were the only real external influence left to freely grab resources from Africa with our beloved continent getting very little in return. However, the recent rise of China as an Economic and Technological superpower has given rise to new concerns about the scramble for African resources.

Here is an interesting article by Emmanuel Muuga from the Daily News, All eyes on Africa as scramble for natural resources starts

What do you think?

RIP Mwanawasa

Uchumi na Fedha Forum takes this opportunity to join hands with all Zambian citizens, and the African continent at large to mourn the untimely passing of President Patrick Levy Mwanawasa. The former president of Zambia passed away at a hospital in the French capital, Paris after being admited for two months following a stroke which he suffered during African Union summit in Cairo, Egypt.

May the almighty rest his soul in eternal peace. AMEN

Tuesday, August 19, 2008

DSE trading falls after brief upswing

The Dar es Salaam bourse plunged last week after previous week's resurgence as companies performed poorly in trading and other stocks remained dormant. All foreign companies that listed at the Dar bourse that include KA, JHL and EABL have been inactive for a long period, a weekly survey by The Citizen indicates.



Unit values of schemes post gains

The Wekeza Maisha unit value gained to Sh112.6015 on Friday last week from Sh112.3607 the previous Friday, continuing the trend for four weeks straight. The scheme was selling a unit at Sh112.6015 on Friday last week, up from Sh112.3607 the previous Friday.



Tanzania inflation surges to 9.5%

2008-08-19 10:05:58

Tanzania`s annual inflation rate rose to 9.5 percent in July from 9.3 percent in June, the National Bureau of Statistics said yesterday.

``The increase ... was mainly attributed to increase of food, petrol, diesel, kerosene and charcoal prices over the period,`` the NBS said in a statement on its website.

Other items that contributed to the higher rate included rent, beds, chairs, tables, domestic services, taxi fares, school uniforms and hotel accommodation, the statement said.

``However,prices of maize grain, maize flour, vegetables, clothing and footwear had slightly gone down,`` the bureau said.

Food contributes a weight of 55.9 percent in the east African economy`s basket of goods used to measure inflation.

Tanzania`s national consumer price index covers market prices for 207 items collected in 20 towns in mainland Tanzania.


Sale of NMB shares starts

2008-08-19 10:08:06
By Lydia Shekighenda

The government yesterday began the sale of 21 per cent out of its 51 per cent shares in the National Microfinance Bank (NMB). Some of the offered shares will go to NMB employees.

Director General of Consolidated Holding Corporation (CHC) Edwina Lupembe made the announcement in Dar es Salaam yesterday.


A related story from just under a week ago can be found here: Govt assures NMB staff on 5 per cent share sale. Another story from the Daily news Can be found here: NMB Bank shares go on sale


Heavily oversubscribed DCB shelves listing at Dar bourse

2008-08-19 09:45:36
By Mgeta Mganga

The Dar es Salaam Community Bank (DCB) has put on hold the much expected official listing of its public shares on the Dar es Salaam Stock Exchange (DSE) as management finds space to sort out profoundly oversubscribed Initial Public Offer (IPO).

The IPO, which closed on 28th June this year, resulted in an unprecedented oversubscription to a percentage figure which came to be more than double the amount of capital DCB had wanted to raise.



Monday, August 18, 2008

Cost of living likely to ease just before year end

2008-08-18 09:23:22
By Perege Gumbo

A slew of ongoing global and domestic economic events are most certainly set to rekindle an optimism that the cost of living, now harshly stinging, will ease before end of this year.

It will be a reversal of what has been happening over the last three years of skyrocketing oil and food crises, to the extent of forcing consumers to radically change their spending patterns, while investors have come to re-adjust their production schedules to accommodate rising costs.

However, reading signs at the world commodity markets, oil prices which had increased to the tune of USD147.27 a barrel in July declined to USD112.72 by the end of last week.



CRDB Bank and Mutual Developers are pacesetters for home loans

2008-08-18 09:21:42
By Michael Haonga
A partnership between the CRDB Bank and Mutual Developers Limited appears to be setting breaking grounds on how to provide homes to urban residents through the workings of the market.

Mutual Developers Limited (MDL) -- a Dar based property development company -- has already put up and sold some 110 home units to indigenous.