Financial Times

TANESCO executive director, Dr Tito Mwinuka (left) gestures as he explains to a section of editors achievements by the power utility firm. He is flanked by senior manager projects, Engineer Emmanuel manirabona (middle) and engineer Raymond Hosea, Tanesco’s deputy executive director responsible for distribution and customer affairs. PHOTO – FINANCIAL TIMES CORRESPONDENT.

30Jan 2019
PETER NYANJE
Financial Times
According to TANESCO executive director Dr Tito Mwinuka, earlier they used to receive an average of 200 billion/- annually from the government to finance their operations.TANESCO has traditionally...
30Jan 2019
The Guardian Reporter
Financial Times
following prolonged and ongoing negotiations between ministers from both countries.The HGA will detail the rights and obligations of each party ― which include Uganda, Tanzania, and joint venture...

Tanzania's power resources include hydro, natural gas, coal, uranium, wind, geothermal, biomass, solar, tidal and waves. In 2016, the country’s total grid installed capacity was 1,357.69 MW composed of hydro 566.79 MW (42 per cent), natural gas 607 MW (45 per cent) and liquid fuel 173.40 MW (13 per cent). File photo

30Jan 2019
PETER NYANJE
Financial Times
The state-owned power utility firm is currently undertaking the Kenya-Tanzania Power Interconnection Project (KTPIP) which enables the two countries to exchange electricity easily.The project...
30Jan 2019
By Financial Times Reporter
Financial Times
MOBILE MARKET SHARE Vodacom, Tigo and Airtel continue to lead the pack, as newcomer Halotel posts rapid growth. Meanwhile, state-run TTCL is making some progress in gaining more customers, despite trailing far behind the industry leaders
 This leaves four relatively smaller players - Halotel, Zantel, TTCL and Smart - fighting amongst each other for the remaining 14 per cent of the market share.According to the Tanzania...

MICHAEL DUNFORD.

30Jan 2019
By Financial Times Reporter
Financial Times
Financial Times Staff Writer sought the WFP Representative for Tanzania, MICHAEL DUNFORD (pictured), to explain progress made in the purchase of the maize and other issues related to the UN...
23Jan 2019
Editor
Financial Times
This represents a 20 per cent increase from the previous season when the nation also produced surplus food, with annual demand standing at 13.3 million tonnes. There are already indications that...

Minister for Agriculture, Japhet Hasunga.

23Jan 2019
By Financial Times Reporter
Financial Times
• President Magufuli recently witnessed at State House the signing of an agreement under which the National Food Reserve Agency (NFRA) will sell to the World Food Programme (WFP) 36,000 tonnes of maize at a cost of 21 billion/-
Speaking in Dodoma recently, Hasunga (pictured) noted that the country has produced food crops at the rate of 123 per cent. The excellent production has enabled Tanzania to export some of its surplus...
23Jan 2019
By Financial Times Reporter
Financial Times
"There are 11 bodies," Alexei Kravchenko, spokesman for Russia's Federal Agency for Maritime and River Transport, told AFP news agency."Another three people went under water before...

AccessBank Tanzania CEO ARMANDO MASSIMILIANO SIROLLA.

23Jan 2019
Francis Kajubi
Financial Times
In this interview with reporter FRANCIS KAJUBI, AccessBank Tanzania CEO ARMANDO MASSIMILIANO SIROLLA (pictured) discusses this achievement and sheds light on the opportunities and challenges of...

Stiegler’s Gorge hydropower.

23Jan 2019
By Financial Times Reporter
Financial Times
Legislators from parties forming the German coalition government said in a debate over a bill on the same subject that the project will jeopardize the Selous Game Reserve’s status as World...

African farmers grow around 45 per cent of the world’s cashew nuts, yet 90 per cent of the continent’s crop is exported for processing overseas, denying the industry the opportunity to add value at home and increase Africa’s share of global trade. File photo

23Jan 2019
By Financial Times Reporter
Financial Times
Tanzania’s recent cashew crisis underscores the need for Africa’s commodity producers to add value at home., Export credit agency finance could be one solution to help Africa build an industrial base that is still restrained by weak local players and poor crop yields, writes Sarah Rundell.
backed up by a pledge to buy Tanzania’s entire 2018 crop when private buyers acting for processors in Vietnam and India refused to pay, underscores the enduring problem for so many of Africa...

President John Magufuli.

23Jan 2019
By Financial Times Reporter
Financial Times
PARADOX OF PLENTY President John Magufuli yesterday sought answers from top government officials and private sector players on why Tanzania is yet to see the real benefits of its vast mineral wealth
The president sought answers yesterday from top government officials and private sector players in the country's mining industry as he seeks to avoid the proverbial "resource curse" or...

TANESCO’s regional manager for Arusha, Herini Mhina. photo by k-vs blog

23Jan 2019
By Financial Times Reporter
Financial Times
TANESCO’s regional manager for Arusha, Herini Mhina, said here that recent improvements made to the company’s production, transmission and distribution operations mean that there is now...
23Jan 2019
By Financial Times Reporter
Financial Times
That adds up to $912.5 billion annually, which translates to nearly 2,110 trillion/- at the current market exchange rate – an amount that can fund the government’s budget for almost 65...

TanManagement Group CEO Mohammed Jaffer (left) and the CEO of Jubilee Insurance, Dipankar Achariya, shake hands after signing the MoU for the launch of the first ever voucher based micro-insurance platform in Africa. Photo: Courtesy of TanManagement.

16Jan 2019
By Financial Times Reporter
Financial Times
The first ever of its kind in Africa micro-insurance platform allows users to purchase insurance through scratch-card vouchers across all major networks in the country
The first product launched on the platform is called the ‘Safari Vocha’- covering the unfortunate event of accidental death or permanent disability which may happen while travelling...

With a net worth $10.3 billion (close to 23.7 trillion/-), Nigerian business mogul Aliko Dangote (left) remains the richest person in Africa whose top 20 list includes Mohammed Dewji (right) and only two women, the $2.3 billion rich Isabel dos Santos (centre) of Angola and NigerianFolorunsho Alakija ($1.1 billion). File photo

16Jan 2019
By Financial Times Reporter
Financial Times
Valued at &$1.9 billion (about 4.37 trillion/- at the current market exchange rate, the managing director of Mohammed Enterprises Tanzania Limited (MeTL) is the 14th richest person in Africa and the only East African in the list
Dewji, chief executive officer of Mohammed Enterprises Tanzania Limited (MeTL), is the only businessman from East Africa in the list.  Only two women have been listed; one is Isabel dos...
16Jan 2019
By Financial Times Reporter
Financial Times
In its Global Economic Prospects (Darkening Skies) report released last week, the World Bank says gross domestic product (GDP) growth in Tanzania will likely slow down to 6.6 per cent in 2018 from a...
16Jan 2019
By Financial Times Reporter
Financial Times
Though headcount poverty fell from 34 to 28 per cent between 2007 and 2012 based on the national poverty line, the same is still high in absolute terms (12 million people), and this is ascribed to...
16Jan 2019
By Financial Times Reporter
Financial Times
 In its East Africa Economic Outlook 2018 report, the African Development Bank (AfDB), one of the major lenders in the continent, notes that competitiveness in the region is largely being...
16Jan 2019
By Financial Times Reporter
Financial Times
ROLE REVERSAL "Following the acquisition of Bank M's assets and liabilities, Azania Bank Limited, which was a medium-size bank, will now become one of the five largest banks in Tanzania," - Dr Bernard Kibesse, Deputy Governor of the Bank of Tanzania (BoT)
The BoT announced yesterday that it has revoked the licence of Bank M and transferred all its assets and liabilities to Azania Bank Limited. When we hear about mergers and acquisitions (M...

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