Financial Times

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...
21Nov 2018
Editor
Financial Times
As the EAC Secretariat nears 20 years from the time it was being set up in 1999, around 23 years after it collapsed late 1976 and was reignited early 1996 at the initiative of incoming Tanzanian...
21Nov 2018
By Financial Times Reporter
Financial Times
By Anatalio UbaldeCompanies currently operating in your community may close because of bad ideas, market changes, mismanagement, retirement, disaster, or other causes. While there are many reasons...

Marie-Claude Bibeau

21Nov 2018
By Financial Times Reporter
Financial Times
Marie-Claude Bibeau (pictured), the Minister of International Development, says she is evaluating her options in Tanzania but is worried that a cancellation of Canadian aid could “punish...

VICTOR TESHA.

21Nov 2018
Mtapa Wilson
Financial Times
In an interview with Financial Times Correspondent MTAPA WILSON, IPP Touchmate Ltd managing director VICTOR TESHA (pictured) shed light on the operations of this new company. Excerpts…...
21Nov 2018
By Financial Times Reporter
Financial Times
Tanzania is the seventh-largest producer of the nut, but a stand-off between farmers and buyers has prompted the president to act.Tanzania has an outsized influence on global cashew prices, owing its...
14Nov 2018
Yinka Adegoke
Financial Times
These reports by international firms are focused on expatriate corporate executives, and their calculations often include luxuries like personal drivers and security, with a corporate expense account...

former Mail & Guardian editor Angela Quintal and her Committee to Protect Journalists (CPJ) colleague Muthoki Mumo.

14Nov 2018
By Financial Times Reporter
Financial Times
At a press briefing on Monday, Sisulu congratulated the South African high commissioner to Tanzania, saying “he (Thami Mseleku) worked overnight” to help former Mail & Guardian editor...
14Nov 2018
By Financial Times Reporter
Financial Times
...As Magufuli sends list of 4 corrupt judges to CJ
  Magufuli said the funds from abroad were channelled through a local bank, which he did not name. "There are dubious transactions where some people have attempted to bring funds...
14Nov 2018
By Financial Times Reporter
Financial Times
CONTROVERSY Top businessman Rostam Aziz backs President John Magufuli's decision to deploy the army in the cashew nut prices row, saying government intervention was unavoidable
Aziz, who is ranked by Forbes magazine among the top 5 richest men in the country, applauded Magufuli for his stewardship of the country's economy, saying Tanzania was on the right track under...

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