Thursday May 28, 2015
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BUSINESS

Bank of Tanzania
BoT changes rules to halt 'speculative' currency trade
The central bank changed rules on how much foreign currency lenders in Tanzania can hold in a bid to end trading in the shilling it calls ‘speculative’.   Commercial banks’ net open position was cut to 5.5 percent from 7.5 percent of liabilities to reduce.
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TRA: Single Customs Territory in EAC reduces the costs of doing business
The irking story of high costs of doing business in the East African region is slowly changing to high returns, thanks to the implementation of the Single Customs Territory (SCT).     At the bottom line is the execution of the Customs Union Treaty that seeks to promote.
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