Financial Times
19Dec 2018
By Financial Times Reporter
Financial Times
The overall balance of payments recorded a deficit of $171.6 million in the year ending October 2018 compared to a surplus of $1,601.8 million a year earlier partly on account of the 51 per cent widening of the current account deficit
According to the Bank of Tanzania (BoT), widening of the current account deficit by nearly 51.6 per cent during the period contributed to deterioration of the October international trade and...
19Dec 2018
By Financial Times Reporter
Financial Times
The latest business to consumer (B2C) e-commerce index by the United Nations Conference on Trade and Development (UNCTAD) ranks 151 countries globally, including 44 African nations, by measuring...
Maasai herders.
19Dec 2018
By Financial Times Reporter
Financial Times
The order was given by the deputy minister for Livestock and Fisheries, Abdallah Ulega, who directed the Kilosa district leadership in collaboration with NARCO’s management to remove the...
President Magufuli shakes hands with Dodoma Regional Commissioner Dr Binilith Mahenge. File photo
19Dec 2018
By Financial Times Reporter
Financial Times
According to the chief government spokesperson and director of the Tanzania Information Services, Dr Hassan Abbasi, all ministries and important supporting entities are now based in Dodoma
According to the initial timetable, the shift to Dodoma was expected to climax in 2019 with the president scheduled to be the last to move. But now he has announced that he will be shifting his base...
Total amount of aircrafts which ATCL will operate when all the new ordered aircrafts are delivered. The fleet include one Bombardier Q-300, the Bombardier Q-400, two Boeing 787-Dreamliners and two A220-300.
19Dec 2018
By Financial Times Reporter
Financial Times
Air Tanzania has ordered two Airbus A220-300 in total, each configured to accommodate 127 passengers.Video clips went viral I social media last week of one of the new ‘birds’ in test...
Brenda Msangi.
19Dec 2018
By Financial Times Reporter
Financial Times
Msangi, who previously served as chief of operations (COO) of CCBRT, takes over from long-serving CEO Erwin Telemans, who has led the Dar es Salaam-based organisation for the past 12 years."...
19Dec 2018
The Guardian Reporter
Financial Times
In response to a Wall Street Journal article claiming that the gold miner was being investigated, Acacia said it "has been in contact with the SFO about allegations of corrupt activities in...
Burundi president Pierre Nkurunziza.
19Dec 2018
By Financial Times Reporter
Financial Times
The crux of the matter is what Nkurunziza claims to be aggression against Burundi by their northern neighbors Rwanda – also an EAC member state.Nkurunziza accuses Rwanda of being behind a coup...
17Dec 2018
Mtapa Wilson
Financial Times
In this interview with Financial Times staff writer MTAPA WILSON, the chief executive officer of iStore (Tanzania’s only Apple premium reseller), VIPUL SHAH (pictured), offers insight on...
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...
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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...
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