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THE United Kingdom has promised to strengthen trade and investment links with the East African Community Partner States for mutual benefit.

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REVENUE collection declined by 274bn/- in January from the amount collected in December last year.

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BRITISH Prime Minister’s Trade and Investment Envoy to Tanzania Lord Hollick has announced doubling of UK’s government trade support for Tanzania to 750 million pounds (over 2tri/-).

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TANZANIA Bureau of Standards (TBS) is looking forward to offer training on Pre-shipment Verification of Conformity to Standards (PVoC) to clearing and forwarding agencies as well as importers of various products in the country.

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PLANS are underway to upgrade the Mtwara airport including expansion of the runway to allow larger airplanes to land, a move aimed at further opening economic opportunities in the gas-rich region, Works, Transport and Communications Minister Makame Mbarawa, has revealed.

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THE Minister for Industry, Trade and Investment, Mr Charles Mwijage has instructed authorities involved in business accreditation to ensure all domestic products meet quality and standards.

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EAS Africa offers friendly investment ground for German investors that assures high rate of return than any other developing region in the world.

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DOLLAR inflows from cashew nut exports and improved liquidity from government spending contributed to shilling stability, which remained unchanged in the last quarter of last year.

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THE Dar es Salaam Stock Exchange (DSE) turnover weakened by 85 per cent to 406.46m/- compared to 2.54bn/- of the previous week with four local trading equities dominating the market share.

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DEMOCRATIC Republic of Congo (DRC) has pledged to continue using Dar es Salaam port for imports and exports due to its safety and vicinity to their country.

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EQUITY Bank has officially commissioned its newest branch in Zanzibar as it seeks to deepen its forays in the entire East African region.

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TANZANITE Gemstones valued at more than 9.3bn/- changed hands during the second Mineral Auction in Arusha Region over the weekend.

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THE Southern Agricultural Growth Corridor of Tanzania (SAGCOT) does not use genetically modified organism (GMO) technology in its large scale farming initiatives in the country as it is not yet approved by the government.

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TANZANIA Revenue Authority (TRA) has been requested to immediately open a regional office in Simiyu Region so as to easy tax collections and offer services to taxpayers in the area.

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THE mainstream media should take up the challenge to tell about the great story in agriculture and agribusiness sector as it remains untold.

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STRONG demand characterised treasury bills auction last week supported by high liquidity in the market to close the business oversubscribed.

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KENYA has agreed to resolve the matter pertaining to denial of duty free access of wheat flour from Tanzania.

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THE National Housing Corporation (NHC) has launched the sale of 300 housing units at Iyumbu Satellite Centre in Dodoma Region, being built at a cost of 12.3bn/-. Initiated in December 2016, the project is designed to accommodate the government officials and commercial investors, among others.

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STOCK market investors are optimistic that the Dar es Salaam Stock Exchange (DSE) can handle the anticipated big primary offer from telecommunications companies scheduled to list at the bourse.

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THE Kingdom Leadership Network Tanzania (KLTN) in partnership with US based Bill Winston Ministries plans a three-day economic summit in Dar es Salaam next month to promote business and good leadership in the country.

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Tanzania’s Ecobank today launched a mobile App, which is suitable and instant way of banking via the mobile phone.

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MONEY transfer services by mobile network operators continued to expand in the last quarter of last year with Vodacom’s M-Pesa maintaining its position as the largest mobile money system in the rapidly growing industry.

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COFFEE sold at Moshi Exchange increased to 7,668 bags compared to 5,564 bags of the previous auction supported by price surge driven by high global demand.

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OVER 200 innovators, researchers and individuals from Tanzania, Kenya, Uganda, Rwanda and Burundi are expected to showcase technologies to curb post-harvest food losses in Nairobi, Kenya on May.

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THE annual headline inflation rate for last month slightly increased to 5.2 per cent from 5.0 per cent recorded in December 2016, due to an increase in food price, the National Bureau of Statistics (NBS) has said.

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MOBILE phone subscription dropped by 386,586 from November to December last year as operators maintained their positions in market shares in the fourth quarter of the year.

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PRIME Minister Kassim Majaliwa has directed Tanzania Ambassadors to use economic diplomacy to woo investors especially on industrial sector.

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PRECISION Air Services has successfully renewed its operational safety audit (IOSA) certificate proving an excellent level of aviation services in the country provided by the domestic airline.

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TANZANIA-Zambia Railways Authority (TAZARA) is lobbying for the cancellation of a staggering long-term debt to enable the firm to get fresh financial injection to normalise its operations.

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SWEDEN has pledged to increase trade and investment while commending the government over good use of donor funds in executing various projects.

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BANK M Tanzania has posted 35 per cent pre-tax profit of 23.66bn/- in the year ended December 2016 compared to 17.49bn/- of the previous year.

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THE country’s largest bank in term of balance sheet, CRDB, is formulating a plan that seeks to increase its focus on mortgaging and helping ‘wananchi’ to own decent houses.

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TANZANIA’S engineers outnumber the rest in East Africa six member states community, which is almost equal to combine total of the remaining personnel.

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