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Fri, Jan
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STRONG demand for the US dollars from the corporate has exerted pressure on the shilling to continue with depreciation trend.

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AIRTEL, the third-largest mobile phone operator by subscription, will pay over 3.5bn/- in quarter profit share to users of its mobile money service, Airtel Money.

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Taxpayer Identification Number (TIN) validation centres has enabled the Tanzania Revenue Authority (TRA) to easily reach taxpayers in various parts of the city, the Director of Taxpayers’ Education, Mr Richard Kayombo said yesterday.

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GARBAGE collectors in Temeke District will soon start receiving more than 102m/- loan from UTT Microfinance which will help to boost efficiency in waste management.

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DAR ES SALAAM based company has introduced a new application to connect passengers and motorcycles, three-wheelers, and taxi drivers to make travelling easier.

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PREPARATIONS for use of Electronic Single Window System (ESWS) at all border post to fast track cargo clearance must be finalised in time for the new system to begin beginning next year.

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AIR Tanzania Company Limited (ATCL) yesterday launched its first direct flights to Dodoma from Dar es Salaam in a historic event that will promote business and travel ties between the two cities and upcountry regions.

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MINISTER for Minister for Agriculture, Livestock and Fisheries, Dr Charles Tizeba said yesterday that until October, 2016 a total of 1.5 million metric tonnes of cereals were sold to neighbouring countries from Tanzania.

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THREE local listed companies have emerged to be the top mover of shares at the Dar es Salaam Stock Exchange (DSE) last week after commanding almost 100 per cent of the business.

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THE first treasury bills auction this year featured strongly in the market with bids attracted almost doubled compared to the amount sought to be raised.

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AFRICAN gold producer Acacia Mining has held talks with Endeavour Mining about a merger that could create a £3bn Africa-focused gold miner.

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VODACOM will provide 32bn/- to increase payment of usage benefits to its M-Pesa customers and agents as it seeks to consolidate its lead position in mobile money services in the wake of stiff competition from rivals.

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PRESIDENT John Magufuli has directed government leaders to stop imposing prices control on cash and food crops to let farmers gain from rising crop prices. Speaking here yesterday, Dr Magufuli said imposing prices on crops had for many years cost farmers economically, lowering earnings and limiting the benefits of hard earned labour.

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TANZANIANS need to work hard to achieve the development aspiration articulated in the country vision 2025 by improving agriculture, which support more than 70 per cent of the national economy as well as fisheries sector, which contributes 4.5 per cent to the national GDP.

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TRIAL mining has started at Edenville Energy’s 120 MW Rukwa coal-to-power project in Tanzania.

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THE Tanzania Telecommunication Company Limited (TTCL) has refuted as false reports it asked for time extension to restructure before listing some of its shares on the Dar es Salaam Stock Exchange (DSE).

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UTT Microfinance, the stateowned vehicle for economic empowerment for the people, needs to craft new strategic plans that will help them reach out peasants in the rural areas, the Deputy Minister for Finance and Planning Dr Ashatu Kijaji has said.

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ECONOMISTS and academicians have criticized the International Monetary Fund (IMF) latest review on Tanzania economic policies saying the analysis has missed point on the actual situation in the country.

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SCIENTISTS and agricultural experts’ plans to meet Arusha regional authority to find ways to save livestock and wild animals from killer plant, ‘Parthenium hysterophorus.’

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THE Dar es Salaam Stock Exchange (DSE) has bounced back after posting 59 per cent turnover to 13.2bn/- last week compared to 8.3bn/- registered in the previous market.

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STAR Media Tanzania has launched a new office at Mbagala-Zakheim in a bid to help customers in the area to easily access its services and reduce cost of having to travel a long way.

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GOVERNMENT has reaped over 24bn/- in 2015/16 financial year from rapid expanding gaming activities up from 15bn/- in the year before.

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ACACIA mining was the top gainer in Dar es Salaam Stock Exchange (DSE) last Friday as the market continued with a bear run.

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CONSTRUCTION of 359 kilometer Pangale to Mpanda road to tarmac level funded by African Development Bank (AfDB) will speed up economic growth in Tabora and Katavi regions.

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TAXATION issues and almost free rein that petty traders enjoy led to the reported rise in business closure, a leader of business community, Johnson Minja has said.

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THE first long term debt instrument to be auctioned this year was received on a low note, ending up undersubscribed.

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MID last year the National Assembly passed the Finance Bill, 2016 compelling registered electronic communication companies to float their stakes on the Dar es Salaam Stock Exchange (DSE) within a period of six months.

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THE Energy and Water Utilities Regulatory Authority (EWURA) has lowered cap prices for diesel and kerosene and slightly increased petrol prices for January in line with changes in prices of petroleum products in the world market.

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MINISTER for Finance and Planning, Dr Philip Mpango has refuted reports that tax collection was behind closure of some businesses and decrease of tenants in various buildings.

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YARA Tanzania has launched a campaign ‘YaraMila cereal raffle draw’ that will see farmers increase use of fertilizers so as to boost agriculture production and maintain soil fertility.

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FORMAL financial inclusion is setting new pace as banking sector competitions on mobilising deposits mount following the government move to shift its accounts from commercial banks.

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THE Dar es Salaam Stock Exchange (DSE) ended the fourth quarter last year on a bearish position with almost all indicators declining save the bonds market that posted positive trend.

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TANZANIA entrepreneurs have been encouraged to optimise on the Tony Elumelu business ideas competition where 100 million US dollars for African entrepreneurs are awarded.

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