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PROPERLY implementation of financial risk management tends to limit the negative impact to businesses, according to a markets expert. Standard Bank’s Executive and Head - Client Solutions, Africa Regions, Global Markets - Reginald Mlangeni said that a currency hedging strategy could protect a company if the value of a currency falls sharply.

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RINGIER Africa and One Africa Media has merged and form Ringier One Africa Media (ROAM) and become a leading classifieds group in Sub-Saharan Africa.

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PRIVATE Agricultural Sector Support (PASS) Trust had impressive performance averaging a record of over 300 per cent above target in the first three quarters of this year.

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GRADUATES at Vocational Education Training Authority (VETA) in Manyara have asked to be furnished with soft loans or working tools to self-employ.

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TANZANIA Telecommunication Company Limited (TTCL) has managed to collect two-third of its outstanding debt in three months. TTCL recovered 6.8bn/- out of 10.7bn/- total debt owed to its clients in just three months ending October.

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THE market experiences for the first time firm initial public offers (IPOs) struggling to realise intended amount in this year unlike previous ones.

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AS SALAAM Air has introduced a daily flight between Dar es Salaam and Dodoma, boosting the designated capital air transport outreach.

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THE government has set aside between 50m/- and 100m/- to enable small and medium scale entrepreneurs (SMEs) to certify their products. The fund to be managed by Tanzania Bureau of Standards (TBS) aims at enabling SMEs to market their products in and outside the country while protecting consumers.

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PANAFRICAN Energy (PAET), a development and supply of natural gas in the country, has reported 31 per cent revenue decline in quarter three after TANESCO reduced gas intake.

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MOBILE phone network has reached 95 per cent of Tanzanians some two decades since the service was launched, lifting the level of financial inclusion to 65 per cent.

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THE shilling remained stable in the third quarter of 2017, thanks to dollar inflows from exports of cash crops and Vodacom Tanzania initial public offering (IPO).

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ZANZIBAR goods account deficit has widened to 103.4 million US dollars in the year ending September from 70.4 million US dollars of the corresponding period 2016 on account of fall of exports particularly cloves.

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DAR ES SALAAM Stock Exchange (DSE), net profit has almost doubled in this year’s quarter three, thanks to listing fees and registry and CSD fees.

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AS businesses move to the cloud, successful management of all aspects of infrastructure technology including service quality, security and availability, become more critical.

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SHORT term maturities have continued to be attractive investment avenue for investors sending the government note to an oversubscription.

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TANESCO has almost doubled its outstanding natural gas payment to PanAfrican Energy in the first nine months of this year.

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SOME 40 farmers’ cooperative unions in Lindi and Mtwara have entered into agreement to start receiving their cashew nut payments through TigoPesa payment system.

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Dar es Salaam Stock Exchange (DSE) turnover declined to 1.01bn/- compared to 85.80bn/- posted on the previous period with the CRDB bank dominating the market share by 85 per cent.

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LOCAL contractors need to observe ethics and professional standards to compete with foreign contractors in major projects, the Permanent Secretary in the Ministry of Works, Transport and Communication, Joseph Nyamhanga has said.

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Njombe Regional Commissioner (RC), Mr Christopher Ole Sendeka

Business

A TOTAL of 206 small scale tea farmers have successfully completed training on best farming practices organised by Njombe Out-growers Services (NOSC).

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COTTON farming season in Geita Region for 2017/18 has officially been launched with 196,373 acres expected to be cultivated through contract farming.

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KAGERA Region is set to become a tourist destination following concerted efforts to revive and promote tourist attractions.

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Bank of Tanzania (BoT) Governor, Prof Beno Ndulu

Business

THE Bank of Tanzania (BoT) Governor, Prof Beno Ndulu, is expected to lead statisticians in the country during the commemoration of the African Statistics Day, 2017 which will be marked in Dar es Salaam on Monday.

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TANZANIA Telecommunications Company Limited (TTCL) management has expressed optimism that it will meet its target for its envisaged super profit of between 7bn/- and 8bn/- in the 2017/2018 financial year.

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World Bank Country Director, Ms Bella Birdaca

Business

THE World Bank said yesterday that only honest dialogue between the public and private sectors will enhance Tanzania’s pace towards becoming a middle income economy.

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TANZANIANS have been challenged to scale up investment in small scale industries as way to maximise income and contribute to economic growth.

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Huawei President, Southern Africa Region, Mr Li Pengon

Business

THE ICT sphere has undergone distinct stages of evolution and has lately been focussing on going digital, which means shifting the paradigm from traditional business to an intelligent society.

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CRDB Managing Director Dr Charles Kimei

Business

CRDB Bank has simplified high learning loan procedures and reduces it to 15 minutes from three weeks soon after a student finalising application processes.

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SOME of the CRDB Bank customers and staffs have contributed 15m/-in less than two months for Dar es Salaam teachers’ offices construction initiative.

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CHAI Bora Tanzania, that acquired the local leading Tomato sauce brands manufacturer, Dabaga, will from next year embark on training tomato farmers on best farming practices in order to raise the standard of tomato products.

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FULL implementation of digital marketplace is soon to become a relief to smallholder farmers engaged in organic farming who have been struggling to reap reasonable prices and reliable markets for their produce.

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Commissioner of Insurance Dr Baghayo Saqware

Business

MBEYA Sido Market traders whose goods were razed down by fire breathe a sigh of relief after started receiving insurance compensation.

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VICE-President Samia Suluhu Hasan has emphasised on the need for East African states to focus on industrialisation hinged on value addition to address low productivity in the agriculture sector.

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