Financial Times

country’s Statistician General, Dr Albina Chuwa.

12Dec 2018
Fumbuka Ng'wanakilala
Financial Times
Economic growth in the January-June 2018 period was driven by manufacturing, construction, transport and communication sectors."The annual headline inflation rate fell to 3.0 per cent in...
12Dec 2018
By Financial Times Reporter
Financial Times
HISTORIC MOMENT - Egypt's Prime Minister Mostafa Madbouly flies to Tanzania to witness the signing of a contract for construction of the mega hydropower dam, which has been awarded to Egyptian construction firm Arab Contractors
President John Magufuli revealed on Monday that the project was expected to cost a staggering 6.5 trillion/-.But reports from Egypt say the actual cost of the project could be as high as $3.6 billion...
12Dec 2018
By Financial Times Reporter
Financial Times
according to the deputy minister for Livestock and Fisheries, Abdallah Ulega. Speaking at a meeting to review the third phase of ‘Operesheni Sangara’ aimed at curbing illegal fishing...

President Kenyatta speaks at the blue economy conference in Nairobi last month. File photo

12Dec 2018
By Financial Times Reporter
Financial Times
By Focus Mauki, FT Correspondentport stakeholders must keep investing in infrastructure development and  implementing friendly maritime policies plus latest technology to enable full automation...
12Dec 2018
By Financial Times Reporter
Financial Times
As an apparel designer, BintiAfrica specializes in the production and sale of ladies clothing, ladies shoes, handbags and other accessories made from African fabrics.BintiAfrica’s products have...
12Dec 2018
By Financial Times Reporter
Financial Times
Under it, the government’s via the Bank of Tanzania (BoT) in conjunction with sectoral players and other stakeholders seeks to raise formal financial inclusion to 75 per cent in the next three...

Nape Nnauye.

12Dec 2018
By Financial Times Reporter
Financial Times
>>Says farmers are needlessly suffering from payment delays
Nnauye, who is a Member of Parliament of the cashew-growing Mtama constituency in Lindi Region representing the ruling Chama Cha Mapinduzi (CCM) party, publicly faulted the government yesterday over...

NBC Limited Managing Director Theobald Sabi (left), outlines the bank’s ambitious five-year strategic plan designed to bring about drastic improvements to its services and products during a press briefing in Dar es Salaam on Monday.

05Dec 2018
By Financial Times Reporter
Financial Times
Speaking to members on the media last Monday, NBC managing director Theobald Sabi said the success of the new strategy will be gauged by any increases in its current dwindling local market share....
05Dec 2018
By Financial Times Reporter
Financial Times
“I went to a supermarket in Kigali and bought cashews. I wanted to see where they come from -- these cashews came from Belgium. , Eighty per cent of what Vietnam processes come from Africa, so the journey of these cashews was from Africa to Vietnam, to Europe, and then back to Africa in a supermarket in Kigali
FAHAD AWADH, co-founder of the YYTZ Agro-Processing factory joins CNBC Africa to discuss sustainable ways to put an end to the crisis. Excerpts...Q: Please tell us a little bit about the current...
05Dec 2018
By Financial Times Reporter
Financial Times
The estimated cost of building a liquefied natural gas (LNG) terminal in Lindi Region
President John Magufuli has asked his government to proceed with negotiations to set out the commercial and fiscal framework for the LNG project, Equinor, a majority state-owned energy company...

The Executive Chairman of IPP Limited, Dr Reginald Mengi (C), welcomes the Chairman of the Council for Promoting South-South Cooperation, Lu Xinhua (L), who led a business delegation from China to pay a courtesy call on Dr Mengi at the IPP headquarters in Dar es Salaam yesterday. Right is the Chinese Ambassador to Tanzania, Wang Ke. Photo: Selemani Mpochi

05Dec 2018
Mtapa Wilson
Financial Times
Dr Mengi, who is one of the country’s leading industrialists, told a delegation of 17 companies from China that paid a courtesy call on him in Dar es Salaam that there were huge opportunities...
05Dec 2018
PETER NYANJE
Financial Times
CONTINGENCY PLAN The state has come up with an ambitious 'plan B' that could see nearly all the country's raw cashew harvest exported abroad for processing if local value addition of the crop proves to be a hard nut to crack
Now the government wants to change this bizarre trade imbalance by ending all raw cashew exports.According to the newly-appointed Minister for Agriculture, Japhet Hasunga, the government intends to...
28Nov 2018
By Financial Times Reporter
Financial Times
CURRENCY CRACKDOWN Central bank takes yet further regulatory action to prevent distortions in the local foreign exchange market and halt the shilling's increasingly worrying depreciation
The temporary freeze on the participation of the five banks in foreign currency trading is seen as part of ongoing regulatory measures by the BoT to curb irregular forex trading and money laundering...

A house crow. PHOTO/FILE

28Nov 2018
By Financial Times Reporter
Financial Times
The year house crows were officially declared a pest. But the smart and resourceful crows continued to thrive, gradually extending their rule of the sky to mainland Tanzania and then Kenya.
By Andrea TeagleWhat is surprising is that, on closer inspection, the birds in the city are almost all house crows.Tanzania’s capital city is under siege from these resilient, ruthless, and...
28Nov 2018
PETER NYANJE
Financial Times
The minimum percentage shareholding that telecom firms are required by law to float on the DSE
Tigo has announced that it has already completed its legal conversion from a private limited company to a public limited company known as MIC Tanzania PLC, ahead of the IPO expected in the coming...

PRESIDENT John Magufuli.

28Nov 2018
By Financial Times Reporter
Financial Times
Magufuli made the remarks yesterday at the inauguration of an ultra-modern library built by Chinese aid money at the state-run University of Dar es Salaam (UDSM)."If it were other (development...

Chairman of the Trade Unions from China, Zhujin Feng, giving a speech. New China Dasheng Bank Limited has opened in TZ.

28Nov 2018
Editor
Financial Times
The situation has become worse following reports that non-performing loans (NPLs) have affected many financial institutions in the country in recent times. Bank profitability margins have taken a hit...
28Nov 2018
Mtapa Wilson
Financial Times
offers insights into how mobile money and other fintech companies are  making use of credit reference bureau services in Tanzania.QUESTION:  What major services does Creditinfo Tanzania...

Chinese Ambassador to Tanzania, Wang Ke (middle), joins Dar es Salaam Regional Commissioner, Paul Makonda (2nd-L), senior official from Central Bank of Tanzania (BoT), Saadat Musa (1st-R), Board Chairman of China Dasheng Bank Limited, Yu Jiaqin (2nd-R) and Chairman of Chinese Business Community in Tanzania Zhujin Feng (1s-L), to cut a ribbon to signify the inauguration of China Dasheng Bank Limited in Dar es Salaam over the Weekend.

28Nov 2018
By Financial Times Reporter
Financial Times
The bank acting chief executive Nunu Saghaf told Financial Times during the official launch that the amount of capital showcases the seriousness which China Dasheng Bank attaches to its Tanzanian...

The BoT Gorvenor, Prof Florens Luoga.

21Nov 2018
By Financial Times Reporter
Financial Times
MILITARY DEPLOYMENT The central bank announces that it has sought assistance from the country's defence and security forces,-, including the army, to conduct surprise inspections on foreign exchange bureaus as part of a wider crackdown on black market currency trading and money laundering
leading to the arrest of several suspects in a major swoop on black market currency trading and money laundering activities in the country.The BoT Gorvenor, Prof Florens Luoga, said in a statement...

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