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THE shilling has held firmly against the US dollar in the last three weeks thanks to matching levels of demand and supply.

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STANDARD Chartered Bank has great prospects for growth in Tanzania due to robust economy, the bank’s CEO for Africa and Middle East, Sunil Kaushal has said.

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BANK of Tanzania has slashed by 2.0per cent statutory minimum reserves (SMR) requirement for deposit taking banks, giving them ample space to extend credit to private sector.

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ACACIA Mining, the largest mining firm in the country, has dumped a 3.0billion pound bid to acquire Canada’s Endeavour Mining.

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VODACOM Tanzania Public Limited Company (VCT) has said they will continue to work with all stakeholders to ensure the sale of shares is completed successfully despite of attachment orders sought in a suit lodged by a businessman Moto Mabanga recently.

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TANZANIA Telecommunication Company Limited (TTCL) needs 300bn/- to install new and modern technology to increase efficiency and competitiveness in the market.

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IN a bid to ensure production and supply of fertilisers in the country, the Norwegian YARA International company, which produces fertilisers has announced to invest 80bn/- at the Port of Dar es Salaam so as to improve the business.

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KCB Bank Tanzania has conducted training on financial management and proper keeping of accounting records to 100 of its customers in Small and Medium Enterprises (SMEs) who are members of the bank’s ‘Biashara club’.

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SWISSPORT Tanzania net profit slowed down 16 per cent last year on back of increased staff costs and amortization charges of the new warehouse.

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KILIMANJARO and Zanzibar, Qatar Airways’ second and third gateway in Tanzania after Dar es Salaam, have proved vital revenue generation routes for the airline, country manager, Basel Haydar has said.

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MAURITIUS based investors Alteo International plans to boost sugar production in Tanzania by increasing sugar estates under its subsidiary, TPC Limited and diversify investments to tourism.

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TANZANIA Ports Authority (TPA) has persuaded the Zambia business community to use the Dar es Salaam Port as it offers seamless and efficient transport services.

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CREDIT growth is slowing down on the back of increasing non-performing loans and tight liquidity which have undermined the ability of the banks to lend and may elevate potential risks on growth targets.

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IT is no secret that the economy is tough especially for small business owners in Tanzania having to cope with rising costs, lack of manpower and the shortage of working capital.

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DAR ES SALAAM Stock Exchange (DSE) posted a turnover increase of almost 30 times in a week ending last Friday.

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TANZANIA has the lowest pump fuel price levels giving motorists a better flexibility on spending compared to their peers in the six-member East African Community.

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TANZANIA'S debt to Brazil has dropped from 237 million US dollars ( 521.4bn/-) to 29.4 million US dollars (63.8 bn/-) after the emerging South American economic powerhouse waived over 200 million US dollars in debt owed by Tanzania.

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MAURITIUS business community is holding a two-day trade fair in Dar es Salaam to showcase various products and technology, an initiative that will benefit local businesses.

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THE National Microfinance bank (NMB) has launched a new service dubbed Mobile Tanzania Interbank Mobile System (TISS) that allows customers to transfer up to 3m/- from one bank to another.

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THE G20 finance ministers met last week in Germany to discuss critical challenges facing the global economy, from climate change to migration to humanitarian emergencies like the unfolding famine in parts of Sub- Saharan Africa and the Middle East.

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TANZANIA’S four largest banks are controlling almost 50 per cent of market share in term of assets, capital, deposits and loans and advances for two consecutive years.

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CHINA has vowed to strenghthen economic partnership with other countries by exporting and importing both products and technologies.

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FARMERS and livestock keepers in Iringa region have been advised to apply modern practices so that they can benefit from the business.

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THE World Bank Group President, Dr Jim Yong Kim, is set to visit Tanzania for three days starting March 19 to 21, this year.

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THE Kagera Regional Commissioner (RC), Salum Kijuu, has advised residents in the region to commercialize through modern beekeeping and honey harvesting.

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ENTREPRENEURS and business people will now be able to advertise their products through new technological service dubbed ‘HALO SAINI’ introduced yesterday by mobile company, Halotel Tanzania.

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GAPCO Tanzania in collaboration with Network 21 of South Africa, has handed over wheel chairs to the Matumaini Salvation Army School in Dar es Salaam as part of the oil firm’s corporate social responsibility.

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UNITED Bank of Africa (Tanzania) Limited has launched four new offsite Automated Teller Machines (ATM) as part of its efforts to expanding businesses and bring closer services to its clients.

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CMC Commercial Limited has been named a dealer and importer of IVECO vehicles in the country.

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ACACIA Mining got a boost on Tuesday as Peel Hunt upgraded its stance on the stock to 'hold' from 'reduce', noting that the group's two-year outlook has improved greatly and arguing that the recent concentrate ban is not as bad as it might seem.

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TWO prominent Tanzanian entrepreneurs, Mohammed Dewji and Said Salim Bakhresa have been shortlisted for this year’s CEO of the Year Award by African CEO Forum.

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THE current account deficit has narrowed by almost half on an account of export increase and import decrease for the year ending January, this year.

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TANZANIA Trade Development Authority (Tantrade) has begun imparting business and entrepreneurship knowledge to local government grassroots leadership.

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