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A CITY based transporter predicts an increase of cargo traffic volume at the Dar es Salaam port thanks to improved efficiency and upgrading of infrastructure that has raised its competitive edge.

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BMI Research has projected credit growth in Tanzania will pick up after period of slowdown thanks to Central Bank recent intervention. The researchers modestly adjusted credit growth rate forecast in Tanzania by increasing 300 basis points after Bank of Tanzania cut discount rate.

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ACACIA Mining shares dropped sharply for the second day in a row on Thursday, falling to their lowest level in more than a year after it was accused of under-reporting the amount of metal in its shipments.

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THE first cohort of thirty three women from 17 companies have graduated in the female future programme aiming to nurture women into management positions, decision making processes and on companies’ board of directors.

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TANZANIA Bureau of Standards (TBS) has commissioned its connectivity project which aims at connecting its regional offices with the head office in Dar es salaam through local area and wide area networks.

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TIB Corporate Bank plans to extend its services to countries utilising the Tanzania Ports Authority (TPA) services to facilitate trade and boost revenue collection.

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Gold full-year gold output rose 4.4 percent to 1.42 million ounces in 2016, government data showed on Tuesday, as the government moved to claim to a bigger share of revenue from mineral exports.

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AS car theft and smuggling in the East African region is gradually ceasing thanks to intervention by law enforcement authorities, another new wave of sophisticated crime in the form of digital bank robbery is now the latest source of worry among security organs.

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INDIA’S Prime Minister Narendra Modi yesterday pitched for an “Asia-Africa growth corridor” supported by Japan and India and declared Africa is top priority for India’s foreign and economic policy.

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INTEREST rates offered by banks on deposits increased relatively in March this year compared to the preceding month, reflecting financial institutions’ efforts in mobilizing deposits.

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UP to 2,400 tractors assembled in Tanzania are expected in local market this year as an assembling plant run jointly by a Polish firm, Ursus S.

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DAR ES SALAAM Marine Institute (DMI) advisory board has been inaugurated with a call for the members to work with integrity and transparency to promote growth and development.

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TANZANIA Breweries Limited (TBL) dominated the market share at the Dar es Salaam Stock Exchange (DSE) by 97 per cent, but also emerged the top loser of the week after depreciating by 4.55 per cent to 10,500/- from 11,000/-per share.

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MARRIOTT International has signed an agreement with Pennyroyal Gibraltar Limited to debut the Ritz-Carlton brand in the exotic Zanzibar archipelago.

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Chief Executive Officer with TUT-Microfinance, James Washima,(L), speaks

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UTT Microfinance has set aside 1bn/- loan to (GEPF) Retirement Benefits Fund informal sector members wishing to pursue sustainable business projects.

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MTWARA based Tandahimba Bank is seen walking out of financial quagmire thanks to a great support rendered by CRDB last year.

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PPF Pensions Fund has handed over health equipment worth over 6m/-to Morogoro Regional Hospital as part of its Corporate Social Responsibility (CSR).

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THE High Court's Commercial Division will next Monday rule on a case between Vodacom and a local businessman, Moto Mabanga who wants attachment of the mobile operator shares to execute a DR Congo court ruling in his favour over consultancy fee claim in 2012.

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MBEYA regional authorities are planning to set up export processing zone to expand the scope of revenue collection in the southern highland region, a move that will also uplift the level of export to neighboring countries.

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LOCAL Government Authorities (LGAs) have greater chance to expand water coverage network through the use of more than 78.6 million UK Sterling Pounds (about 250bn/-) disbursed by the Department For International Development (DFID) to implement rural water supply programme (2016- 2020).

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THE European Union (EU) will continue to offer its assistance, to the best of its abilities, to the East African Community (EAC).

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HALOTEL Tanzania has said its implication in a recent economic sabotage case was a result of inadvertently working with a fictitious company that caused a 459m/- loss to the Tanzania Communications Regulatory Authority (TCRA).

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INCREASED investments in long term water development projects can call off water woes in the country, council directors have pointed out.

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OVER one million expectant mother benefit from health education and guidance service provided free of charge by Vodacom through short messages.

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THE International Monetary Fund (IMF) Deputy Managing Director, Tao Zhang has hailed Tanzania for managing to boost tax collection to finance infrastructure development but cautioned the country needs a more stable tax regime to remain an attractive investment destination.

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TANZANIA has secured a cassava exporting deal to China for unlimited amount, thanks to an agreement signed in Beijing yesterday after the end of Belt and Road Forum.

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BANKS’ lending to private sector has registered a historical low level after growing by merely 3.7 per cent year-on-year ending March.

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CRDB Bank remains optimistic of posting strong results this year despite policy changes that increased challenges in operations, its Managing Director, Charles Kimei has said.

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THE government is determined to revive the cotton sub-sector and increase production in a bid to boost the agricultural sector and the textile industry which at one time was the country’s biggest source of export revenue.

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BUKOBA District Council (BDC) and Missenyi District residents in Kagera region have urged the government and other development stakeholders to seek and set markets for the newly introduced nutritional sweet potatoes in the areas.

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TANZANIA Revenue Authority (TRA) and TIB Corporate Bank have entered into a partnership which allows tax payers in the country to clear all their taxes through the bank’s branch located at the Dar es Salaam Port for 24 hours every week.

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TRADE efficiency in Zanzibar is expected to improve after the launch of an NTB monitoring and electronic certificate of origin systems by the Zanzibar National Chamber of Commerce Industry and Agriculture (ZNCCIA).

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MORE small banks may be liquidated due to capital inadequacy as soaring default rate on loans is eating into core capital, economists are warning.

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