tag:blogger.com,1999:blog-82832439825845637082012-02-17T06:33:16.791+03:00(TANZANIA ECONOMICS AND FINANCE FORUM)Nalitolela, P. S.http://www.blogger.com/profile/14963957729680495716noreply@blogger.comBlogger1451100tag:blogger.com,1999:blog-8283243982584563708.post-39089774386882825132009-03-24T16:22:00.001+03:002009-03-24T16:27:19.025+03:00

The Institute of Finance ManagementEstablished by Act of Parliament No 3 of 1972CONFERENCE ANNOUNCEMENT AND CALL FOR PAPERS2ndINTERNATIONAL CONFERENCE ON DEVELOPMENT POLICYConference ThemeGrowth Challenges, Development, Global Financial Meltdown and Public Policy: Emerging Issues in Developed and Developing EconomiesKilimanjaro Hotel Kempinski, Dar es Salaam, TANZANIAAugust 6th – 7th

Nalitolela, P. S.http://www.blogger.com/profile/14963957729680495716noreply@blogger.com0tag:blogger.com,1999:blog-8283243982584563708.post-43444232706701814602008-11-16T19:48:00.002+03:002008-11-16T19:55:20.627+03:00

I saw this article from SUNDAY OBSERVER and I just had to share it with you all. Currently, there are strikes going on in higher learning institutions to complain about the level of funding the students get from the Government. This thing seems to happen every year; the Government never seems to be able to resolve it because they say they lack the funds to. Yet in these hard times, and a looming

Nalitolela, P. S.http://www.blogger.com/profile/14963957729680495716noreply@blogger.com1tag:blogger.com,1999:blog-8283243982584563708.post-26822926906946416482008-11-13T19:22:00.004+03:002008-11-16T19:55:54.387+03:00

[Habari kutoka MICHUZI BLOG]Benki ya Taifa ya Biashara (NBC), moja ya benki zinazoongoza nchini imechaguliwa kuwa miongoni mwa benki 7 zitakazoshindania Tuzo za Benki Bora Afrika.Tuzo za Benki Bora Afrika zinatoa heshima kwa juhudi za mageuzi ya kiutendaji, mifumo ya kisasa ya ufanisi na utendaji pamoja na ukuaji wa sekta ya kibenki barani Afrika. Tuzo hizi zinakusudia kusimika uwezo wa taasisi

Nalitolela, P. S.http://www.blogger.com/profile/14963957729680495716noreply@blogger.com0tag:blogger.com,1999:blog-8283243982584563708.post-7376554748178066182008-11-06T19:08:00.002+03:002008-11-16T19:56:35.211+03:00

[Photo courtesy of: Muhidin Issa Michuzi]OPENING SPEECH BY H.E. JAKAYA MRISHO KIKWETE, PRESIDENT OF THE UNITED REPUBLIC OF TANZANIA DURING THE CONFERENCE OF FINANCIAL INSTITUTIONS, ARUSHA, 6TH NOVEMBER, 2008Hon. Mustafa Mkullo, Minister for Finance and Economic Affairs;Madame Antoinette Sayeh, Director for Africa Department, IMF;Mr. Gray Mgonja, Permanent Secretary, Ministry of Finance;Professor

Mchuminoreply@blogger.com0tag:blogger.com,1999:blog-8283243982584563708.post-15601079082911860022008-11-06T18:58:00.000+03:002008-11-06T18:59:03.730+03:00

Dear Colleagues,I am writting to notify you once again that the IFM Annual Conference will be taking place on 24th and 25th November at the Kilimanjaro Hotel Kempinski in Dar es Salaam.The conference is ussually very educative, and provides a great opportunity of networking; this will be its 7th year running Background The Institute of Finance Management (IFM) organizes an annual International

Nalitolela, P. S.http://www.blogger.com/profile/14963957729680495716noreply@blogger.com0tag:blogger.com,1999:blog-8283243982584563708.post-13098232165924512332008-11-05T17:52:00.003+03:002008-11-16T19:57:34.146+03:00

HABARI TOKA MICHUZI BLOGwatuhumiwa wa EPA kizimbani leo JEETU Patel (pichani katikati) anayetajwa kuwa kinara wa ufisadi katika wizi wa Sh bilioni 133 kwenye Akaunti ya Madeni ya Nje (EPA) katika Benki Kuu ya Tanzania (BoT) pamoja na wenzake tisa, jana walifikishwa mahakamani kujibu tuhuma za kuiibia benki hiyo. Wengine waliofikishwa katika Mahakama ya Hakimu

Nalitolela, P. S.http://www.blogger.com/profile/14963957729680495716noreply@blogger.com1tag:blogger.com,1999:blog-8283243982584563708.post-47608272718419333792008-10-24T21:56:00.003+03:002008-10-24T21:57:56.027+03:00

Hello Peter,This will make an interesting discussion on your blog.I got news that we have about 1,800,000 bank accounts in Tanzania, meaning less than 5% of the population is banked.What conclusions can be drawn from this information?- The unbanked are too poor to leave money in banks?- They lack basic finance literacy?- Existing banks are not aggressive enough in conquering the market (fewer

Nalitolela, P. S.http://www.blogger.com/profile/14963957729680495716noreply@blogger.com3tag:blogger.com,1999:blog-8283243982584563708.post-23187856095420821742008-10-24T19:46:00.002+03:002008-10-24T19:49:28.826+03:00

By Dr. Hildebrand ShayoTanzania businesses in forthcoming recession!The warning, caution and confidence issued by Profesa Benno Ndulu, the Governor of the Bank of Tanzania that the Tanzania's economic remain strong and is likely not to be pretentious by the global financial downturn sent waves through my mind that triggered me to suggest steps that Professor Ndulu overlooked in his analysis, that

Nalitolela, P. S.http://www.blogger.com/profile/14963957729680495716noreply@blogger.com4tag:blogger.com,1999:blog-8283243982584563708.post-50594396786683324662008-10-09T19:03:00.002+03:002008-10-09T19:06:33.234+03:00

Dear Forum members,We would kindly like to apologize for not posting anything new for a fortnight. Uchumi na Fedha Administrators have been occupied with more imminent matters. We promise to be back in a day or two.Thank you for your patience and please keep visiting Uchumi na Fedha.sincerely,Nalitolela, P. S.

Nalitolela, P. S.http://www.blogger.com/profile/14963957729680495716noreply@blogger.com0tag:blogger.com,1999:blog-8283243982584563708.post-68004252158467277042008-10-09T18:04:00.001+03:002008-10-09T18:06:10.143+03:00

GLOBAL ECONOMIC OUTLOOK ADVICE TO TANZANIANS, AND EAST AFRICANSDear My Countrymen,At this point, many of you are aware of the Economic turmoil that has rocked the global economies. From the NYSE, LSE, to Hong-Kong Stock Exchange the cry is the same, and the pain is being felt in all sectors ; manufacturing, energy, agriculture etc.Even though the problem may have started as Mortgage crisis in the

Nalitolela, P. S.http://www.blogger.com/profile/14963957729680495716noreply@blogger.com4tag:blogger.com,1999:blog-8283243982584563708.post-56546602366314478992008-09-24T19:37:00.005+03:002008-09-24T19:48:41.212+03:00

I just came a cross a seemingly simple question, but a very interesting one from Issa Michuzi's Website. In the post, a visitor who goes by the alias David Villa asks, are foreign exchange rates true indicators of economic standards? He goes on to explain that say you have country A whose economic level is in all respects higher than country B, should the exchange rate of A's currency compared to

Nalitolela, P. S.http://www.blogger.com/profile/14963957729680495716noreply@blogger.com8tag:blogger.com,1999:blog-8283243982584563708.post-34303606468809488272008-09-24T18:35:00.002+03:002008-09-24T18:38:59.261+03:00

Traders at the Dar es Salaam Stock Exchange. The liquidity problem in banks echoes a similar situation last year when the government withdrew its deposits from commercial banks. Photo/LEONARD MAGOMBABy WILFRED EDWINTanzania’s financial markets are going through an acute liquidity crunch caused by the massive oversubscription of the recent initial public offers by the National Microfinance Bank (

Mchuminoreply@blogger.com0tag:blogger.com,1999:blog-8283243982584563708.post-27281391064307006522008-09-24T18:25:00.002+03:002008-09-24T18:32:12.057+03:00

Mchuminoreply@blogger.com0tag:blogger.com,1999:blog-8283243982584563708.post-31708894455704857692008-09-24T17:47:00.001+03:002008-09-24T17:48:48.976+03:00

2008-09-24 09:14:23By George MichaelExport Processing Zones (EPZs) are now fuelling and oiling domestic economy, according to reliable official sources.Within its one and half years of operations, the government has issued 29 licenses of which 18 are for undertaking EPZs` related manufacturing operations, while 11 are for development of EPZs infrastructure. More...[SOURCE: THE GUARDIAN]

Nalitolela, P. S.http://www.blogger.com/profile/14963957729680495716noreply@blogger.com0tag:blogger.com,1999:blog-8283243982584563708.post-23799290363030977322008-09-24T17:35:00.002+03:002008-09-24T17:40:59.122+03:00

PIUS RUGONZIBWADaily News; Tuesday,September 23, 2008 @20:03AFRICAN governments have to improve their investment climate if wider economic and social progress is to be achieved, the Chief Executive Officer of the Investment Climate Facility for Africa (ICF), Mr Omari Issa, said on Monday at the UN High Level Event on Africa’s Development.Addressing the government, Non Governmental Organizations (

Nalitolela, P. S.http://www.blogger.com/profile/14963957729680495716noreply@blogger.com0tag:blogger.com,1999:blog-8283243982584563708.post-12087425367488393382008-09-24T17:33:00.000+03:002008-09-24T17:35:15.245+03:00

PIUS RUGONZIBWADaily News; Tuesday,September 23, 2008 @20:01A TWO-day international conference that will discuss the place of Small and Medium Enterprises in a globalised world economy opens in Dar es Salaam tomorrow.The meeting co-ordinator, Dr Esther Ishengoma, told reporters delegates will review the fate of the SMEs sector in the international arena and explore strengths and weaknesses of the

Nalitolela, P. S.http://www.blogger.com/profile/14963957729680495716noreply@blogger.com0tag:blogger.com,1999:blog-8283243982584563708.post-43006288330436967492008-09-24T17:28:00.001+03:002008-09-24T17:30:17.049+03:00

By Citizen Reporter, Arusha Stakeholders in the tanzanite industry say the price of the precious gemstone found only in Tanzania is stable and competitive on the world market. They said in an interview here yesterday that demand for larger, better quality precious stone was still strong. However, they admitted that there was a slight drop in price for smaller stones on the world market, but

Nalitolela, P. S.http://www.blogger.com/profile/14963957729680495716noreply@blogger.com0tag:blogger.com,1999:blog-8283243982584563708.post-72069492406616240062008-09-24T17:18:00.004+03:002008-09-24T17:22:08.298+03:00

By Rose Athumani Tanzania took a slight knock in its efforts to combat corruption, dropping a few points in the 2008 global corruption rankings, according to a report released yesterday. The country scored 3 points in the new rankings from 3.2 recorded last year by the global corruption watchdog, Transparency International (TI). The drop means public perception of corruption in the country

Nalitolela, P. S.http://www.blogger.com/profile/14963957729680495716noreply@blogger.com0tag:blogger.com,1999:blog-8283243982584563708.post-58134243319058960832008-09-24T17:15:00.004+03:002008-09-24T17:18:12.189+03:00

By Zephania Ubwani, Arusha The business community in East Africa has called for the speedy implementation of the EAC Customs Union to enable it to move forward. A recent survey commissioned by the East African Business Council(EABC) shows that businesses in the region want the implementation expedited so that they can fully benefit from it. More...[SOURCE: THE CITIZEN]

Nalitolela, P. S.http://www.blogger.com/profile/14963957729680495716noreply@blogger.com0tag:blogger.com,1999:blog-8283243982584563708.post-87088352667839231392008-09-24T17:12:00.002+03:002008-09-24T17:26:47.712+03:00

By Kagashe Beatus The United States has increased its funding to Tanzania by $200 million (Sh240 billion), adding to the current assistance it gives the country. The two governments signed five amendments to bilateral grant agreements in Dar es Salaam yesterday, increasing funding for existing programmes. More...[SOURCE: ]THE CITIZEN

Nalitolela, P. S.http://www.blogger.com/profile/14963957729680495716noreply@blogger.com0tag:blogger.com,1999:blog-8283243982584563708.post-13151684371891853332008-09-24T17:09:00.002+03:002008-09-24T17:12:05.431+03:00

By Samuel Kamndaya High taxes are making cellphones expensive in East Africa. To stem the trend, East African Community (EAC) member states should reduce value added tax (VAT) and import duties on mobile phones, Nokia East Africa general manager Gerald Brandjes said. More...[SOURCE: THE CITIZEN]

Nalitolela, P. S.http://www.blogger.com/profile/14963957729680495716noreply@blogger.com0tag:blogger.com,1999:blog-8283243982584563708.post-7774332546377613392008-09-24T17:01:00.003+03:002008-09-24T17:09:14.940+03:00

By Bernard Muthaka, Citizen Correspondent, Kampala A study by the Common Market for Eastern and Southern Africa (Comesa) has allayed fears that introducing genetic technology in agriculture may lead to market losses.It indicates that even should such products be rejected, the decline in exports from the three East African countries would be insignificant. More...[SOURCE: THE CITIZEN]The issue of

Nalitolela, P. S.http://www.blogger.com/profile/14963957729680495716noreply@blogger.com0tag:blogger.com,1999:blog-8283243982584563708.post-86498596632571489582008-09-22T21:03:00.003+03:002008-09-24T16:59:21.015+03:00

DAILY NEWS ReporterDaily News; Friday,September 19, 2008 @00:04BOA Bank will soon open new branches in Arusha and Mwanza regions to increase its coverage countrywide. The Bank's Marketing Manager, Mr Sudi Marungu, told reporters in Dar es Salaam on Wednesday shortly before 'Iftar' BOA hosted to its customers that the branches would help to improve its market share. More...[OURCE: DAILY NEWS]

Mchuminoreply@blogger.com0tag:blogger.com,1999:blog-8283243982584563708.post-40934992029406095852008-09-22T20:41:00.001+03:002008-09-22T20:43:27.592+03:00

By Orton KiishwekoOperations at the National Microfinance Bank, the country's largest bank, are expected to be paralysed today when more than 1,800 employees go on strike to force the Government to pay them lump sum payments in benefits. A top Union official yesterday told The Citizen that the strike at the bank's 121 branches countrywide would commence at 8pm this morning should the management

Mchuminoreply@blogger.com0tag:blogger.com,1999:blog-8283243982584563708.post-41140884601708186312008-09-22T20:35:00.002+03:002008-09-22T20:39:30.768+03:00

By Erick Kabendera, New York The UN General Assembly opened its 63rd session on Tuesday, with its new president criticizing the Bretton Woods institutions for their difficult policies on developing countries. Father Miguel D?Escoto Brockmann, who becomes the first priest to hold that position, cited the International Monetary Fund and World Bank as being under the command of the United States and

Mchuminoreply@blogger.com0tag:blogger.com,1999:blog-8283243982584563708.post-57146124220403264462008-09-22T19:54:00.002+03:002008-09-22T19:57:25.933+03:00

By Erick Kabendera, New York Africa has made little progress in trade despite two decades of trade liberalization that removed some barriers limiting its trade opportunities. According to a report called Economic Development in Africa 2008, published by the UN Conference on Trade and Development (UNCTAD), the continent?s market share fell from six per cent of world exports in 1980 to about three

Mchuminoreply@blogger.com0tag:blogger.com,1999:blog-8283243982584563708.post-21607122469104768192008-09-22T19:47:00.005+03:002008-09-24T17:26:24.583+03:00

By Vicent Mnyanyika Tanzanian will host an international business conference next month to discuss means of maximising the country's investment potential. President Jakaya Kikwete is expected to open the meeting organised by The Economist, a prominent international magazine.A statement released yesterday said the conference to be held on October 6 and 7 in Dar es Salaam would involve the

Mchuminoreply@blogger.com0tag:blogger.com,1999:blog-8283243982584563708.post-25288710338764625762008-09-16T16:49:00.004+03:002008-09-24T17:26:01.941+03:00

JAPHET SANGA in BabatiDaily News; Tuesday,September 16, 2008 @07:42PRESIDENT Jakaya Kikwete has exhorted Tanzanians to draw loans from financial institutions for their own development.Launching a branch of the National Bank of Commerce (NBC) Limited here on Sunday, President Kikwete said people should not fear to borrow from banks as even "the rich like Bill Gates do borrow." More...[SOURCE:

Mchuminoreply@blogger.com0tag:blogger.com,1999:blog-8283243982584563708.post-14459518148778658012008-09-16T16:45:00.002+03:002008-09-16T16:49:14.103+03:00

2008-09-16 10:45:26By Beatrice PhilemonMost recent report by Debt, AIDS, and Trade in Africa (DATA) has yet again reminded Africa to diversify its exports further than over-reliance on raw agricultural products as the surest means of increasing its share of global trade.It is DATA's 2008 report which categorically states that value-added products such as processed foods, apparels, footwear and

Mchuminoreply@blogger.com1tag:blogger.com,1999:blog-8283243982584563708.post-51128321465800548112008-09-16T16:39:00.002+03:002008-09-16T16:43:26.357+03:00

ANNE ROBIDaily News; Tuesday,September 16, 2008 @00:04Twiga Bancorp Limited yesterday launched two new products aimed at helping parents and guardians to save money for children's future education and other activities. Speaking at the launching occasion in Dar es Salaam yesterday, the General Manager, Hussein Mbulilo, named the products as Twiga Kids Account and Holiday Account. More...[SOURCE:

Mchuminoreply@blogger.com0tag:blogger.com,1999:blog-8283243982584563708.post-58073657166730378092008-09-16T16:37:00.001+03:002008-09-16T16:39:14.061+03:00

DAILY NEWS ReporterDaily News; Tuesday,September 16, 2008 @00:04Bayport Financial Service Tanzania has launched a competition for its clients aimed to encourage them on best utilisation of credit. The Bayport Chief Operations Officer, Mr Etienne Coetzer, said in Dar es Salaam yesterday that the competition entailed the selection of 10 clients who have utilized well credits extended to them by

Mchuminoreply@blogger.com0tag:blogger.com,1999:blog-8283243982584563708.post-64634974610955751932008-09-15T18:48:00.004+03:002008-09-15T19:28:00.625+03:00

If you follow world financial news, you have probably already learnt of the latest news on the effects of the Wall St. credit crunch. Well, if you haven't, then read here about Bank of America's acquisition of Marill Lynch in an all-sock deal worth USD50bn, as well as Lehman Bros. declaring Chapter 11 bankruptcy protection, after the bank failed to secure a buyer last week, thus sending shares in

Mchuminoreply@blogger.com0tag:blogger.com,1999:blog-8283243982584563708.post-34933665047632003062008-09-15T18:43:00.008+03:002008-09-24T18:34:35.962+03:00

Mchuminoreply@blogger.com0tag:blogger.com,1999:blog-8283243982584563708.post-35612933559000629492008-09-15T17:54:00.003+03:002008-09-15T17:59:33.382+03:00

By Bernard James The Tanzania Revenue Authority (TRA) has seized Sh6.5 billion belonging to the Tanzania International Container Terminal Services (Ticts) over a tax dispute, The Citizen has learnt. The state agency, we have established, moved early this month and attached a bank account operated by Ticts, a cargo handling company enjoying lucrative monopoly at the Dar es Salaam port. More...[

Nalitolela, P. S.http://www.blogger.com/profile/14963957729680495716noreply@blogger.com0tag:blogger.com,1999:blog-8283243982584563708.post-83154315638592217142008-09-15T17:51:00.002+03:002008-09-24T17:23:44.395+03:00

2008-09-15 09:32:09By Michael MbiroThe move last year to establish two Inland Container Depots (ICDs) as extensions to Dar es Salaam marine port to help decongest containerised cargo has turned out to becoming financial burdensome to importers, reliable sources have revealed.A random survey conducted by this newspaper recently has uncovered that the initiative hatched by the Surface and Marine

Nalitolela, P. S.http://www.blogger.com/profile/14963957729680495716noreply@blogger.com0tag:blogger.com,1999:blog-8283243982584563708.post-25028577212926804592008-09-15T17:48:00.001+03:002008-09-15T17:50:36.599+03:00

2008-09-15 09:30:48By Mgeta MgangaDar es Salaam city`s authorities are hatching a plan that will see all degradable solid waste materials turned into raw materials for the production of biogas fuel for generating electric power to feed homes and industries.A feasibility study is said to have been completed and has already been tabled before relevant regional authorities for further action. More..

Nalitolela, P. S.http://www.blogger.com/profile/14963957729680495716noreply@blogger.com0tag:blogger.com,1999:blog-8283243982584563708.post-89992330980825049072008-09-15T17:39:00.004+03:002008-09-15T19:28:52.359+03:00

President Jakaya Kikwete, left, on an official visit of the Artumas gas exploration plant in Mtwara, southern Tanzania. Photo/LEONARD MAGOMBABy JOSEPH MWAMUNYANGEPosted Sunday, September 14 2008 at 10:08Kenya will be the first destination for Tanzania’s natural gas exports.The Artumas Group Incorporation, a Mtwara-based gas exploring company, has been given the go ahead by the government to

Nalitolela, P. S.http://www.blogger.com/profile/14963957729680495716noreply@blogger.com0tag:blogger.com,1999:blog-8283243982584563708.post-91925955484620063682008-09-12T12:56:00.002+03:002008-09-12T12:58:33.584+03:00

2008-09-12 10:34:29By Felister PeterBusinesspersons have been urged to build self confidence as an essential tool for success in their businesses.IPP Executive Chairman Reginald Mengi made the call in Dar es Salaam on Wednesday when launching the second Tanzania`s National Business Plan Competition 2008 dubbed ``Believe Begin Become (BBB).``Mengi said most businesspersons lacked confidence in the

Mchuminoreply@blogger.com0tag:blogger.com,1999:blog-8283243982584563708.post-9345547623640566062008-09-12T12:28:00.003+03:002008-09-12T12:56:35.024+03:00

Dailynews ReporterDaily News; Friday,September 12, 2008 @08:01TRADING of shares of the Dar es Salaam Community Bank (DCB) at the Dar es Salaam Stock Exchange (DSE) will begin next Tuesday, it was announced yesterday.The Chairman of DCB Board of Directors, Mr Paul Rupia, said those wishing to sell their shares would be free to do so on Tuesday.He said that following the oversubscription of the

Mchuminoreply@blogger.com0tag:blogger.com,1999:blog-8283243982584563708.post-64320773299799628402008-09-12T12:13:00.002+03:002008-09-12T12:23:53.294+03:00

By The Citizen ReporterThe Tanzania Investment Centre (TIC) will launch a programme of identifying various investment opportunities all 26 regions in the country.The programme, known as the Regional Partnership Programme, will be launched in Dodoma tomorrow."The goal of the programme is to promote investment at regional levels by promoting investment attractions in each region," reads a TIC

Mchuminoreply@blogger.com0tag:blogger.com,1999:blog-8283243982584563708.post-73199907498349829142008-09-12T12:07:00.003+03:002008-09-12T12:13:28.244+03:00

DANIEL SEMBERYAAS MEMBER countries of the United Nations prepare fortheir annual conference at UN Headquarters in New York later this month, a recent UN Report identifies trade and aid as still being major barriers to achieving anti-poverty goals in the poorest countries of the world. The September 4, 2008 Report by the MDG Gap Task Force on the Millennium Development Goals also notesthat there

Mchuminoreply@blogger.com0tag:blogger.com,1999:blog-8283243982584563708.post-4912294363547351602008-09-12T11:38:00.003+03:002008-09-24T17:23:21.059+03:00

Starting a new business in Tanzania is more difficult today than a year ago, a World Bank report says. And adding insult to injury, getting credit for start-up capital is equally more difficult.The report tittled, 'Doing Business 2009', a copy of which was made available to The Citizen in Dar es Salaam, has detailed seven out of 10 indicators in which Tanzania has lost ground. More...[SOURCE: THE

Mchuminoreply@blogger.com0tag:blogger.com,1999:blog-8283243982584563708.post-26558617782249978712008-09-12T11:33:00.003+03:002008-09-12T12:24:46.715+03:00

The Citizen Correspondent, Kampala, and AgenciesUganda's shilling will firm against the US dollar in the medium term on bigger inflows of greenbacks from foreign investors despite record inflation offsetting some of the gains, dealers say."Three months from now, we expect a lot of inflows from offshores, NGOs and Ugandans living abroad. This will definitely create a bit of pressure on the dollar

Mchuminoreply@blogger.com0tag:blogger.com,1999:blog-8283243982584563708.post-43569541761284821812008-09-11T15:14:00.002+03:002008-09-11T15:17:00.399+03:00

2008-09-10 09:40:02By Felix AndrewThe government has ordered all contractors working in Tanzania to ensure that they only hire qualified engineers to supervise their construction projects.This was said in Dar es Salaam last week by the Minister for Infrastructure Development Dr. Shukuru Kawambwa soon after opening the 6th Annual Engineers Day (AED-2008) which was organised by the Engineers

Mchuminoreply@blogger.com1tag:blogger.com,1999:blog-8283243982584563708.post-49033699401043006692008-09-11T14:47:00.004+03:002008-09-12T11:49:03.851+03:00

By Mnaku MbaniThe National Microfinance Bank will have to refund would-be investors more than Sh37 billion following oversubscription of its initial public offer (IPO). Preliminary reports on the IPO, which opened on August 18 and closed on Monday, indicate that it has been oversubscribed by over 42 per cent.The Consolidated Holding Corporation announced on Tuesday that a total of Sh100 billion

Nalitolela, P. S.http://www.blogger.com/profile/14963957729680495716noreply@blogger.com0tag:blogger.com,1999:blog-8283243982584563708.post-34352130709226654012008-09-11T14:42:00.004+03:002008-09-24T17:27:57.151+03:00

2008-09-11 10:03:13By Felister Peter, recently in MwanzaCotton farmers will be earning not as much out of every unit they will be selling this year because the global price for the commodity has tumbled compared to last year, reliable sources have indicated.Price indicators for the crop were revealed recently in Mwanza region by the Kwimba District Commissioner Danhi Makanga. More...[SOURCE: THE

Nalitolela, P. S.http://www.blogger.com/profile/14963957729680495716noreply@blogger.com0tag:blogger.com,1999:blog-8283243982584563708.post-44291943197637834082008-09-11T14:31:00.002+03:002008-09-12T11:42:49.657+03:00

2008-09-11 10:13:19By Guardian ReporterUnited Nations deputy secretary general Asha-Rose Migiro has said the impact of HIV/Aids has made assessment of the way the pandemic has affected economic development in Africa especially difficult.She said this when addressing the Third Symposium of the UN University and Cornell University Africa Series on ``The Social and Economic Dimensions of HIV/Aids in

Nalitolela, P. S.http://www.blogger.com/profile/14963957729680495716noreply@blogger.com0tag:blogger.com,1999:blog-8283243982584563708.post-34984783520090810952008-09-11T14:26:00.006+03:002008-09-12T11:54:01.110+03:00

2008-09-11 10:06:13By Guardian ReporterStudents who have been enrolled at the University of Dodoma (UDOM) for the 2008/09 academic year will report for studies in two clusters, according to a notice issued by the University administration.According to the notice, made available to `The Guardian`, yesterday students in cluster One, will start their academic year in September 27, this year, while

Mchuminoreply@blogger.com0tag:blogger.com,1999:blog-8283243982584563708.post-25216695835569325492008-09-11T14:23:00.001+03:002008-09-11T14:26:05.879+03:00

008-09-11 10:04:51By Patrick KisemboThe government has said it is working hard, in collaboration with the management of Tanzania Railways Limited (TRL), to ensure the company workers are paid new minimum salaries as agreed.Infrastructure Development public relations officer Martin Ntemo said on Monday that the government had held several meetings with the TRL management to discuss the issue. More

Mchuminoreply@blogger.com0tag:blogger.com,1999:blog-8283243982584563708.post-2387316554081798442008-09-11T06:22:00.005+03:002008-09-11T06:42:33.208+03:00

The Global Investing Committee of the New York Society of Security Analysts (NYSSA), in partnership with the Association of New Generation of Leaders for Africa (AngelAfrica), would like to invite you to the East Africa Investment Forum which aims to provide a platform for governments, private companies, and financial institutions to showcase investment opportunities in East Africa.The regional

Nalitolela, P. S.http://www.blogger.com/profile/14963957729680495716noreply@blogger.com0tag:blogger.com,1999:blog-8283243982584563708.post-89648573363719346622008-09-11T04:11:00.004+03:002008-09-11T04:16:14.143+03:00

Dear forum members. I just came across this photo on The Telegraph website and I thought I'd share it with you.A goat-keeper watches over a herd of 100 South African Boer goats chew through tough weeds and dry grasses to clear a steep hillside lot near the Angels Flight funicular railroad in downtown Los Angeles

Mchuminoreply@blogger.com0tag:blogger.com,1999:blog-8283243982584563708.post-8476955469516952932008-09-10T17:59:00.001+03:002008-09-10T18:01:47.754+03:00

2008-09-10 10:02:53By Guardian ReporterWilliamson Diamonds Limited`s all-time majority shareholder, De Beers, yesterday concluded a deal that saw its entire 75 per cent stakes changing ownership to Petra Diamonds Limited (Petra).The transaction earned De Beers, which has operated its interests at WDL through Willcroft Company Limited in a joint venture with the government of Tanzania over the

Mchuminoreply@blogger.com0tag:blogger.com,1999:blog-8283243982584563708.post-83110622166173125682008-09-10T08:27:00.003+03:002008-09-10T08:31:26.890+03:00

2008-09-09 22:42:17By Mbena MwanatongoniTanzania has threatened to take stern measures including convincing other members of the Nile Basin Initiative to react, should Dar es Salaam prove that Uganda might have entered into a secret deal with Egypt on bilateral arrangements on the use of the River Nile's waters, in July, this year. More...[SOURCE: SUNDAY OBSERVER]

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DAILY NEWS ReporterDaily News; Wednesday,September 10, 2008 @00:04Bank M (Tanzania) Limited has opened its third branch in Dar es Salaam, in what officials described as "a remarkable achievement on its geographical expansion strategy." The new centre, dubbed Money.Shoppe @ Uhuru, is located at Uhuru Street in the vibrant Kariakoo Business Area, the bank said in a statement issued yesterday. The

Nalitolela, P. S.http://www.blogger.com/profile/14963957729680495716noreply@blogger.com0tag:blogger.com,1999:blog-8283243982584563708.post-16694399250280013172008-09-09T19:37:00.004+03:002008-09-09T20:29:16.209+03:00

Fore more details please visit http://investeac.com/ and http://tzcommoncents.com/

Nalitolela, P. S.http://www.blogger.com/profile/14963957729680495716noreply@blogger.com0tag:blogger.com,1999:blog-8283243982584563708.post-53712547340844612092008-09-09T16:06:00.004+03:002008-09-09T18:53:07.150+03:00

I came across this interesting article on BUSINESS TIMES, written by CHRIS WEBER. Since Gold is still the hottest thing to have been discovered in Tanzania in recent years, I figured it would be a nice article to share with you all.According to NYMEX, Gold is currently trading at low as USD 783.4 per troy ounce. And future prices do not show much promise of going up. Could the author be right

Nalitolela, P. S.http://www.blogger.com/profile/14963957729680495716noreply@blogger.com0tag:blogger.com,1999:blog-8283243982584563708.post-51455059015196553342008-09-09T16:03:00.002+03:002008-09-09T16:05:16.238+03:00

By Vicent MnyanyikaDevelopment partners are central to budgetary problems that Governments in developing countries face, the speaker of the National Assembly, Mr Samwel Sitta, says.Speaking to a delegation of the Inter-parliamentary Union of the United Nations, he said countries like Tanzania experienced unfulfilled pledges from development partners.Mr Sitta said failure to honour their pledges

Nalitolela, P. S.http://www.blogger.com/profile/14963957729680495716noreply@blogger.com0tag:blogger.com,1999:blog-8283243982584563708.post-42066589879659586022008-09-09T15:55:00.003+03:002008-09-09T16:05:35.499+03:00

2008-09-09 10:51:05By Michael MbiroAlthough a plan hatched last year to decongest Dar es Salaam marine port through establishment of Inland Container Depots (ICDs) somewhat looks like doing well, cargo freighters claim pitiable cargo handling capacity was still the cause of prolonged movement delays.Freighters and importers of containerised cargo do no longer have to put up with prolonged

Nalitolela, P. S.http://www.blogger.com/profile/14963957729680495716noreply@blogger.com0tag:blogger.com,1999:blog-8283243982584563708.post-19485834204664964182008-09-08T20:00:00.001+03:002008-09-08T20:01:57.969+03:00

By Bernard James The Bank of Tanzania (BoT) could face legal suits running into billions of shillings over the External Payments Arrears (EPA) scandal, The Citizen can reveal.Senior BoT officials sacked this year over the embezzlement of Sh133 billion from the bank's EPA account are challenging their dismissal.They were removed from their posts over irregular payments to 22 companies in what has

Nalitolela, P. S.http://www.blogger.com/profile/14963957729680495716noreply@blogger.com0tag:blogger.com,1999:blog-8283243982584563708.post-57555754330453080782008-09-08T19:56:00.002+03:002008-09-08T20:02:19.993+03:00

DAILY NEWS ReporterDaily News; Tuesday,September 09, 2008 @00:04The Dar es Salaam Stock Exchange (DSE) yesterday posted a 1.76m/- turnover after 1,100 shares changed hands in two deals. The bourse witnessed a steep drop from 27.22m/- turnover recorded on Friday, when 15,500 shares traded in 6 deals.Two counters were active yesterday. The Tanzania Portland Cement Company (TPCC), which trades at

Nalitolela, P. S.http://www.blogger.com/profile/14963957729680495716noreply@blogger.com0tag:blogger.com,1999:blog-8283243982584563708.post-5602494072788150702008-09-08T19:54:00.001+03:002008-09-08T19:56:10.849+03:00

2008-09-08 08:57:41By Theo MushiThe process of privatising loss making state owned enterprises started way back in 1992, with the establishment of the Presidential Parastatal Sector Reform Commission (PSRC).Having completed most of its work, in November, 2007, all the remaining tasks of the PSRC were vested to Consolidated Holding Corporation (CHC). More...[SOURCE: THE GUARDIAN]

Nalitolela, P. S.http://www.blogger.com/profile/14963957729680495716noreply@blogger.com0tag:blogger.com,1999:blog-8283243982584563708.post-69513984554046276402008-09-08T19:52:00.001+03:002008-09-08T19:54:07.015+03:00

2008-09-08 09:07:01By Regional ReportersArushaAN ultra-modern international convention and exhibition centre, the first of its kind in Tanzania would be built in Arusha.The Arusha International Conference Centre (AICC) is behind the project as part of its efforts to promote congress-tourism and bring more foreign visitors to the country and Arusha in particular. More...[SOURCE: THE GUARDIAN]

Nalitolela, P. S.http://www.blogger.com/profile/14963957729680495716noreply@blogger.com0tag:blogger.com,1999:blog-8283243982584563708.post-74600393705525788612008-09-05T15:48:00.004+03:002008-09-05T16:06:15.883+03:00

It is reported that the African Development Bank (AfDB) and United States Agency for International Development (USAID), will extend 50% of the funding for the credit guarantee scheme to lend out USD 20million to Small and Medium Enterprises (SMEs) in Tanzania. The loans will be dished out in collaboration with CRDB.This was revealed in a Memorandum of Understanding (MoU) signed between the three

Nalitolela, P. S.http://www.blogger.com/profile/14963957729680495716noreply@blogger.com0tag:blogger.com,1999:blog-8283243982584563708.post-75002511164386665882008-09-05T15:32:00.003+03:002008-09-05T16:04:57.579+03:00

2008-09-05 09:28:05By George MichaelAn initiative launched three years ago by Tanzania Gatsby Trust to help launching of Community Banks Association (CBA) has now come of age.CBA has so far conducted a number of useful training programs to more that 84 staff from member community banks for purposes of enhancing operational efficiency. More...[SOURCE: THE GUARDIAN]

Nalitolela, P. S.http://www.blogger.com/profile/14963957729680495716noreply@blogger.com0tag:blogger.com,1999:blog-8283243982584563708.post-55336554846282825702008-09-04T19:33:00.005+03:002008-09-04T19:40:28.757+03:00

The Confederation of Tanzania Industries, CTI, is organizing a WORKSHOP IN STRATEGIC BRAND MANAGEMENT For further details please visithttp://issamichuzi.blogspot.com/2008/09/workshop-strategic-brand-management.html

Nalitolela, P. S.http://www.blogger.com/profile/14963957729680495716noreply@blogger.com0tag:blogger.com,1999:blog-8283243982584563708.post-10073550593191453002008-09-04T19:25:00.003+03:002008-09-04T19:30:25.203+03:00

2008-09-04 11:10:20By Angel NavuriPrivate tax collection is likely to reduce corruption at the collection point by offering mechanisms for penalising poor collectors, a recent study by Research on Poverty Alleviation (REPOA) has revealed.According to the study, a private tax collector has in general a stronger personal interest in collection results and is prone to employ more effective

Nalitolela, P. S.http://www.blogger.com/profile/14963957729680495716noreply@blogger.com1tag:blogger.com,1999:blog-8283243982584563708.post-60163820721437409892008-09-04T19:21:00.003+03:002008-09-04T19:24:25.205+03:00

By Miki TasseniMandarins at the Bank of Tanzania (BoT) will start having jitters over the next few months as MPs start pushing for freedom of Tanzanians to buy shares in regional companies being floated on the stock exchange.The matter came to a head in the Legislature as MPs debated estimates of the ministry of Finance and Economic Affairs, with veteran opposition leader John Cheyo in a bad mood

Nalitolela, P. S.http://www.blogger.com/profile/14963957729680495716noreply@blogger.com0tag:blogger.com,1999:blog-8283243982584563708.post-60437227333217019932008-09-04T19:17:00.001+03:002008-09-04T19:19:34.433+03:00

2008-09-04 10:54:32By Theo MushiTen years ago, emerging markets were mugged in major crises. That followed their fantastic growth path which noticeably made global financial systems to feel the heat, especially during 1997-98.Unfortunately, during those troubled years, those economies were labelled `emerging markets` coming as it were to characterise instability or at least some form of

Nalitolela, P. S.http://www.blogger.com/profile/14963957729680495716noreply@blogger.com0tag:blogger.com,1999:blog-8283243982584563708.post-20468668859700485522008-09-04T19:14:00.001+03:002008-09-04T19:17:02.615+03:00

2008-09-04 11:11:46By Lusekelo PhilemonAn ultra-modern conference centre currently under construction as part of the Mlimani City Project near the University of Dar es Salaam will help boost the tourist industry as well as improve the country`s socio-economic development, according to Tanzania Investment Center (TIC). More...[SOURCE: THE GUARDIAN]

Nalitolela, P. S.http://www.blogger.com/profile/14963957729680495716noreply@blogger.com0tag:blogger.com,1999:blog-8283243982584563708.post-16960575321271155672008-09-04T18:56:00.004+03:002008-09-04T19:01:09.152+03:00

2008-09-04 11:05:17By Michael MbiroTanga Cement shares which trade as `SIMBA` at the Dar es Salaam Stock Exchange (DSE) are selling like hotcake on since Tuesday, most recent data shows.According to the DSE daily market report released Tuesday, bidders were ready to buy SIMBA shares at prices ranging from 1,600/- to 1,800/-. A total of 44,300 shares were offered Tuesday. More...[SOURCE: THE

Nalitolela, P. S.http://www.blogger.com/profile/14963957729680495716noreply@blogger.com0tag:blogger.com,1999:blog-8283243982584563708.post-91209857322171785422008-09-04T18:44:00.002+03:002008-09-04T18:47:51.223+03:00

2008-09-04 11:03:40By Michael MbiroInvestors in Tanzania Cigarette Company (TCC) will soon earn 175/- in gross bonuses for every single share invested in the company.TCC's board of directors has so decided following company's imposing financial performance during the first half of this year which ended last June. More...[SOURCE: THE GUARDIAN]

Nalitolela, P. S.http://www.blogger.com/profile/14963957729680495716noreply@blogger.com0tag:blogger.com,1999:blog-8283243982584563708.post-57623448814898340772008-09-03T23:58:00.003+03:002008-09-24T18:24:31.527+03:00

(Click on the image to enlarge)

Nalitolela, P. S.http://www.blogger.com/profile/14963957729680495716noreply@blogger.com0tag:blogger.com,1999:blog-8283243982584563708.post-42929462030678631682008-09-03T10:40:00.001+03:002008-09-03T10:42:22.976+03:00

By The Citizen CorrespondentThe Tanzania Professionals Network (TPN) will launch a facility to provide funds for its 1,000 members for investments.TPN president Sanctus Mtsimbe told an annual general meeting in Dar es Salaam that the TPN Empowerment Fund would raise its core capital by selling shares to the public. More...[SOURCE: THE CITIZEN]

Nalitolela, P. S.http://www.blogger.com/profile/14963957729680495716noreply@blogger.com0tag:blogger.com,1999:blog-8283243982584563708.post-43457460727351322002008-09-03T10:35:00.001+03:002008-09-03T10:38:19.042+03:00

2008-09-03 09:44:05By Guardian ReporterDeposits at the Azania Bank Limited are getting higher by the day, giving the bank reason to increase number of branches upcountry, most recent financial results show.While deposits have grown by 23 percent from 3bn/- to 68.5bn/- over last eight years, bank`s capital has shot up from 708.7m/- in 2000 to 7.8bn/- over same period under review. More...[SOURCE:

Nalitolela, P. S.http://www.blogger.com/profile/14963957729680495716noreply@blogger.com0tag:blogger.com,1999:blog-8283243982584563708.post-41223509978794235292008-09-03T10:32:00.001+03:002008-09-03T10:33:42.214+03:00

By Bethuel KinyoriThe Tanzania Civil Aviation Authority (TCAA) will recruit 15 air traffic controllers this month.It is part of a drive to address the authority's personnel requirements.TCAA public relations officer Abel Ngapemba told The Citizen in Dar es Salaam that the recruitment would partly be aimed at preparing the new employees to replace those nearing retirement.After the recruitment,

Nalitolela, P. S.http://www.blogger.com/profile/14963957729680495716noreply@blogger.com0tag:blogger.com,1999:blog-8283243982584563708.post-26188587773671398432008-09-03T10:29:00.001+03:002008-09-03T10:30:47.441+03:00

2008-09-03 09:43:10By Edwin AgolaDomestic airline Precision Air has introduced a special business class fare for the Dar es Salaam to Mwanza route with effect from end of last month. More...[SOURCE: THE GUARDIAN]

Nalitolela, P. S.http://www.blogger.com/profile/14963957729680495716noreply@blogger.com0tag:blogger.com,1999:blog-8283243982584563708.post-23785202491826805032008-09-03T10:24:00.001+03:002008-09-03T10:27:01.118+03:00

By The Citizen ReporterThe World Economic Forum (WEF) will next month launch this year's annual Global Competitiveness Report (GCR).The document is a benchmarking tool that examines factors enabling national economies to achieve sustained growth and long-term prosperity.The Geneva-based organisation said yesterday in a statement that the report, which bases its assessment on the Global

Nalitolela, P. S.http://www.blogger.com/profile/14963957729680495716noreply@blogger.com0tag:blogger.com,1999:blog-8283243982584563708.post-52285582240753051232008-09-03T10:17:00.004+03:002008-09-04T19:00:31.045+03:00

By Njeri Rugene, Citizen Correspondent, AccraRecipients of foreign funding meeting here want donors to change the delivery mode of their aid if its development impact is to be felt by countries.The participants in the meeting, dubbed the Third High Level Forum on Aid Effectiveness were united that progress had been slow and management and delivery of foreign funding was still as cumbersome and

Nalitolela, P. S.http://www.blogger.com/profile/14963957729680495716noreply@blogger.com0tag:blogger.com,1999:blog-8283243982584563708.post-64041594222990206062008-09-03T04:31:00.005+03:002008-09-03T04:35:39.697+03:00

I came across a very interesting article by Tony Zakaria from the Daily news, titled You can build your dream home one brick at a time. I have to admit, the article is well-thought and excellently worded. It is a must-readWhat are your views on this article?

Nalitolela, P. S.http://www.blogger.com/profile/14963957729680495716noreply@blogger.com2tag:blogger.com,1999:blog-8283243982584563708.post-75709149063095424452008-09-02T13:58:00.003+03:002008-09-02T14:47:54.459+03:00

Dear Forum members,We have recently changed the layout of our page. Extensive tests have been done to guarantee that the display on Firefox and IE is perfect. Tests on other browsers will soon follow, however, we do not anticipate any problems. Kindly report any glitches on the new page to the administratorWe kindly welcome feedback on how you like the new layout in comparison to the previous one.

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2008-09-02 10:57:32By Perege GumboQatar Airways has strengthened its centre of business operations in Dar es Salaam by establishing a new posh and permanent office valued at 300m/- located downtown.The move is no surprise as airlines are increasing their seat capacity to Tanzania, now that tourism has become the country`s largest revenue sector, outstripping even agriculture. More...[SOURCE: THE

Nalitolela, P. S.http://www.blogger.com/profile/14963957729680495716noreply@blogger.com0tag:blogger.com,1999:blog-8283243982584563708.post-20991757296992243482008-09-01T12:26:00.003+03:002008-09-01T12:29:26.792+03:00

DANIEL SEMBERYA ANDELIAS MHEGERAPRESIDENT Jakaya Kikwete yesterday declared that thecountry still faced the challenge of promoting economic growthto reduce surging poverty levels that were still prevalent despitethe impressive growth rates achieved so far.In his address to the nation through the Parliament, thePresident addressed several key areas that covered the state ofthe economy, Union

Nalitolela, P. S.http://www.blogger.com/profile/14963957729680495716noreply@blogger.com4tag:blogger.com,1999:blog-8283243982584563708.post-45224649115304488722008-09-01T11:39:00.004+03:002008-09-04T18:48:40.511+03:00

TOL?Gases managing director Arnold Kilewo addresses the TOL meeting yesterday in Dar es Salaam. Left is chairman Michael Shirima. By Mnaku MbaniTOL

Nalitolela, P. S.http://www.blogger.com/profile/14963957729680495716noreply@blogger.com0tag:blogger.com,1999:blog-8283243982584563708.post-23267636597981865012008-09-01T11:36:00.001+03:002008-09-01T11:38:17.898+03:00

By The Citizen ReporterA delegation of local businessmen will early next month embark on a regional tour that seeks to facilitate cross-border trade, investment partnerships and exploring business opportunities in the four East African Community partner states.About 100 businesspersons will take part in the tour covering Kenya, Uganda, Rwanda and Burundi. The 10-day business expedition will

Nalitolela, P. S.http://www.blogger.com/profile/14963957729680495716noreply@blogger.com0tag:blogger.com,1999:blog-8283243982584563708.post-69519639216962559712008-09-01T11:29:00.003+03:002008-09-01T11:38:55.971+03:00

Trading at the Dar es Salaam Stock Exchange. Photo/FILE By JOSEPH MWAMUNYANGE As Tanzanians get down to buying shares of the National Microfinace Bank, the regulator — the Capital Markets and Securities Authority — has sent an alert over unlicensed brokers.According to the market regulator’s chief executive Dr Fratern M. Mboya, “the public should be cautious of

Nalitolela, P. S.http://www.blogger.com/profile/14963957729680495716noreply@blogger.com0tag:blogger.com,1999:blog-8283243982584563708.post-44221109238615240052008-09-01T11:22:00.003+03:002008-09-01T11:29:12.634+03:00

The Dar es Salaam-Morogoro road. Financing development projects through sovereign bond issues will assist Tanzania expand its fiscal space. Photo/FILE By STAFF WRITER Tanzania will soon seek a sovereign debt rating to enable it issue a sovereign bond in the international marketplace.The Tanzanian government appears convinced that borrowing money from

Nalitolela, P. S.http://www.blogger.com/profile/14963957729680495716noreply@blogger.com0tag:blogger.com,1999:blog-8283243982584563708.post-16982299011555614512008-09-01T11:14:00.003+03:002008-09-01T11:27:11.867+03:00

Bank of Tanzania headquarters in Dar es Salaam. Some lenders charge up to 200 per cent of the principal amount. Photo/FILE By WILFRED EDWIN The Bank of Tanzania is formulating a mechanism to regulate non-banking microfinance institutions, Bank Governor Prof Benno Ndulu has said. The new regulations are aimed at checking on the mushrooming of such

Nalitolela, P. S.http://www.blogger.com/profile/14963957729680495716noreply@blogger.com0tag:blogger.com,1999:blog-8283243982584563708.post-26151310712819105222008-09-01T09:08:00.001+03:002008-09-01T09:10:56.210+03:00

DANIEL SEMBERYATHE East African Payment System (EAPS) is expected togo on stream in December this year, after the central banksof the three founder member countries of the East AfricanCommunity – Kenya, Uganda and Tanzania – had fulfilledall the prerequisites thereof.Among the other things achieved by the three centralbanks are the implementation of a Real Time GrossSettlement System (RTGS) using

Nalitolela, P. S.http://www.blogger.com/profile/14963957729680495716noreply@blogger.com0tag:blogger.com,1999:blog-8283243982584563708.post-4973015683237762812008-08-29T08:41:00.002+03:002008-08-29T21:13:04.835+03:00

By Damas KanyabwoyaA recently retired permanent secretary, Mr Wilfred Nyachia is now the new chief executive officer of the Tanzania Chamber of Commerce, Industries and Agriculture.Introducing the new CEO to reporters in Dar es Salaam yesterday, TCCIA president Aloyce Mwamanga said Mr Nyachia has been brought to the chamber after a long and rigorous selection process. More...[SURCE: THE CITIZEN]

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2008-08-28 09:58:07By Patrick KisemboThe Tanzania Investment Centre has expressed hope that cooperation between Tanzania and India will be further enhanced after the one-day India-Africa Conclave being held in Dar es Salaam today.The centre`s executive director, Emanuel ole Naiko, told The Guardian yesterday that swelling numbers of Indian businesspersons were choosing Tanzania as their

Nalitolela, P. S.http://www.blogger.com/profile/14963957729680495716noreply@blogger.com0tag:blogger.com,1999:blog-8283243982584563708.post-45019447384781847932008-08-29T06:12:00.004+03:002008-08-29T21:11:30.942+03:00

2008-08-28 10:00:36By Bilal Abdul-AzizDevelopment partners are charting ``the way forward`` for their general budget support (GBS) to Tanzania this financial year and will issue an official statement on the matter soon, The Guardian has established.Serious discussions are understood to be going on against the background of donor dissatisfaction over corruption scandals at key state institutions,

Nalitolela, P. S.http://www.blogger.com/profile/14963957729680495716noreply@blogger.com0tag:blogger.com,1999:blog-8283243982584563708.post-77395401639934764412008-08-28T06:19:00.005+03:002008-08-29T21:10:45.367+03:00

The Bank of Tanzania headquarters in Dar es Salaam. Photo/FILE By MIKE MANDE, JOSEPH MWAMUNYANGE and WILFRED EDWINPosted Saturday, August 23 2008 at 08:15 The Tanzanian government has confiscated property worth more than $25 million from 13 firms in a massive crackdown against people involved in the multimillion EPA scandal.The seized assets include four brand

Nalitolela, P. S.http://www.blogger.com/profile/14963957729680495716noreply@blogger.com0tag:blogger.com,1999:blog-8283243982584563708.post-20739779750452249832008-08-28T06:06:00.004+03:002008-08-29T21:10:07.265+03:00

2008-08-27 10:52:52By Correspondent Rosemary MirondoLocal entrepreneurs have formed a forum aimed at changing the country`s level of investments and improving the quality of products.The forum, Local Investors Forum (LIF), has started off with about 150 local investors.Launching its constitution in Dar es Salaam recently, LIF chairman Paul Koyi said the move would make local investors able to

Nalitolela, P. S.http://www.blogger.com/profile/14963957729680495716noreply@blogger.com0tag:blogger.com,1999:blog-8283243982584563708.post-84004106970143382202008-08-28T06:03:00.004+03:002008-09-04T19:24:53.695+03:00

2008-08-27 10:51:37By Adam Ihucha, ArushaThe extent to which the four years old East African Customs Union (EACU) has stimulated intra-trade within the five member states regional bloc so far remains obscure because of lack of a monitoring system, a cabinet minister declared here on Monday.Tanzania`s Minister for East African Cooperation, Dr. Diodorus Kamala has attributed that situation to the

Nalitolela, P. S.http://www.blogger.com/profile/14963957729680495716noreply@blogger.com0tag:blogger.com,1999:blog-8283243982584563708.post-84160359369382057632008-08-28T05:45:00.004+03:002008-08-29T21:07:32.646+03:00

By Bernard James, DodomaMembers of Parliament have once again hit out at private money lending companies over high interest rates and urged investigations by the Bank of Tanzania (BoT).Mbozi West legislator Godfrey Nzambi, who recently took a swipe at Bayport Financial Services, yesterday accused the mushrooming money lenders of milking civil servants. More...[SOURCE: THE CITIZEN]It is nice to

Nalitolela, P. S.http://www.blogger.com/profile/14963957729680495716noreply@blogger.com0tag:blogger.com,1999:blog-8283243982584563708.post-1197283954101458112008-08-28T05:10:00.005+03:002008-08-29T21:06:27.699+03:00

Following the success of Community Banks in Tanzania, 5 new community banks a set to open within a year's time. Currently, there are 7 community banks in operation in Tanzania, namely, Dar Es Salaam Community Bank, Kilimanjaro Cooperative Bank, Mbiga Community Bank, Mwanga Rural Community Bank, Mufindi Community Bank, Kagera Farmers Cooperative Bank and Uchumi Community Bank.I got a chance to do

Nalitolela, P. S.http://www.blogger.com/profile/14963957729680495716noreply@blogger.com0tag:blogger.com,1999:blog-8283243982584563708.post-18773212948804310272008-08-22T07:02:00.012+03:002008-08-29T20:59:54.685+03:00

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)

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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

Nalitolela, P. S.http://www.blogger.com/profile/14963957729680495716noreply@blogger.com1tag:blogger.com,1999:blog-8283243982584563708.post-69704926589623529502008-08-21T18:43:00.004+03:002008-09-24T18:24:13.225+03:00

(Click on the image to enlarge)

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(Click on the image to enlarge)

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