Financial Times

Deo Mwanyika.

29Aug 2018
By Financial Times Reporter
Financial Times
Mwanyika, who was for many years regarded as the face of the mining giant in Tanzania, has not been seen at Acacia's offices for several months since the emergence of a major tax dispute between...

Chinese President Xi Jinping reiterated his commitment to the project during the 10th BRICS Summit held in South Africa in late July 2018. File photo

25Aug 2018
By Financial Times Reporter
Financial Times
His historic missions enabled China to make contact with the outposts of Hellenic civilisation established by Alexander the Great.These efforts enabled Emperor’s Han dynasty to develop...

Avit Riwa.

25Aug 2018
Avit Riwa
Financial Times
With more and more multinational enterprises (MNEs) becoming more flexible at placing their enterprises and/or business activities anywhere in the world, transfer pricing is now the in-thing as the...

The revolution in flexible workplaces gives rise to innovations. File photo

25Aug 2018
By Financial Times Reporter
Financial Times
This is the way markets function, but it is essential that both as an industry and as a government, there is an environment which supports and promotes workplaces and the customers they serve. When...

 The Minister for Health, Community Development, Gender, Elderly and Children. Ummy Mwalimu. PHOTO/FILE

25Aug 2018
By Financial Times Reporter
Financial Times
She delivered the speech at a symposium during a high-level meeting on China-Africa health cooperation, which took place between Aug. 17 and Aug. 19 in Beijing.Mwalimu said that pharmaceutical...

US Army Staff Sgt. David Marcet, with the 404th Civil Affairs Battalion, assigned to Combined Joint Task Force-Horn of Africa, provides guidance during a practical exercise in ground reconnaissance for Tanzania Wildlife Management Authority game wardens in Ngwala, Songwe Region, recently. PHOTO/US Navy

22Aug 2018
By Financial Times Reporter
Financial Times
The soldiers, with the 404th Civil Affairs Battalion, attached to Combined Joint Task Force-Horn of Africa, conducted training in countering illicit trafficking for Tanzania Wildlife Management...

The UK's International Development Secretary, Penny Mordaunt, with Lt Col Peter Kemp of the British Royal Marines during her visit to the Msasani Bay in Dar es Salaam this month to inspect an anti-drugs operation. PHOTO/AGENCIES

22Aug 2018
By Financial Times Reporter
Financial Times
British border agents and the Royal Marines said they have stopped millions of pounds worth of heroin trade across the Indian Ocean from Tanzania, according to latest media reports from the UK.Rogers...

BRELA acting Chief Executive Officer (CEO) Emmanuel Kakwezi.

22Aug 2018
Mtapa Wilson
Financial Times
BRELA acting Chief Executive Officer (CEO) Emmanuel Kakwezi said people seeking to register a business name or company can now do that in just a matter of 2 hours through anew online platform.The...

Canadian high commissioner to Tanzania, Andrew McAlister.

22Aug 2018
By Financial Times Reporter
Financial Times
to help it wrestle away from Barrick Gold Corporation a lucrative mining project in the country that has been hailed as one of the biggest nickel-cobalt deposits in the world.The move comes after the...
22Aug 2018
By Financial Times Reporter
Financial Times
HEAVY JOB CUTS – The giant telecoms firm has slashed 40 per cent of its workforce over the past year as it continues to rely on capital injection from its majority shareholder to remain afloat
The company’s financial results for calendar year 2017 painted a gloomy picture, with accumulated losses rising to 967.8 billion/-, up from 857.9 billion/- a year ago.Airtel Tanzania's...

General Manager, MICHAEL KARATA.

15Aug 2018
By Financial Times Reporter
Financial Times
150,000 The amount of milk processed in Tanzania daily in litres, compared to 2 million litres per day in a neighbouring country, “If I am not mistaken, around 22 dairy processing companies have closed between 2000 and 2018. , It is impossible to compete with imported milk because we work with smallholders who produce expensive milk”
Its General Manager, MICHAEL KARATA, talked to the Financial Times about the need for the government to offer tax relief to the local dairy industry and cut multiple regulations that are preventing...
15Aug 2018
By Financial Times Reporter
Financial Times
According to a new research by Tanzania Odyssey, Tanzania, with its stunning landscapes, rich culture and thrilling safaris, is now widely regarded as the best honeymoon destination in the world.For...
15Aug 2018
By Financial Times Reporter
Financial Times
Except for Kenya Airways, Ethiopian Airlines, and South African Airways which are currently dominating a big part of the African skies, the rest of the air carriers on this continent are facing...
15Aug 2018
By Financial Times Reporter
Financial Times
A slowdown in production of the building material at three major cement factories has led to shortages of the commodity over the past few weeks, pushing up prices, despite the fact that Tanzania has...
15Aug 2018
Fumbuka Ng'wanakilala
Financial Times
PASSING THE BUCK - Ministry officials dodge questions as Sylvia Mulinge’s name is missing from a list of more than 400 names whose work permit applications have been processed
The 41-year-old Mulinge, who currently serves as director for consumer business at Safaricom, Kenya's No.1 telecoms company, was supposed to begin her new role in Tanzania on 1 June this year....

BEATUS RWEGACHURA.

08Aug 2018
By Financial Times Reporter
Financial Times
An Ivy-League educated Tanzanian working to develop the country's gas economy
path to success. Through hard work and perseverance, BEATUS RWEGACHURA (pictured), managed to get a scholarship to Princeton and now works as an economist for Shell Tanzania to develop the country...
08Aug 2018
By Financial Times Reporter
Financial Times
The success of Ethiopian Airlines especially may have beguiled some African countries into believing they, too, can run a profitable carrier
For years African travellers have relied on a handful of local airlines and more often, international carriers from Europe and even the UAE. So much so that it became common for passengers flying...

The Chief Executive Officer (CEO) of the National Microfinance Bank (NMB), INEKE BUSSEMAKER.

08Aug 2018
By Financial Times Reporter
Financial Times
the spectre of bad loans, growing competition from mobile payments and opportunities for growth. Excerpts…  Q. NMB Bank Plc posted a 37 per cent fall in profits after tax in 2017 in line...
08Aug 2018
By Financial Times Reporter
Financial Times
Organisers of the Eighth International Public Procurement Conference (IPPC8) said this year’s event has attracted participants from 100 countries. The sixth edition of the event was also held...

bank m.

08Aug 2018
Fumbuka Ng'wanakilala
Financial Times
FROM BOOM TO BUST After growing rapidly to become one of Tanzania's Top 10 biggest banks in less than a decade since its establishment, Bank M was suddenly hit by a liquidity crunch and a sharp decline in profitability., Then they got an unwanted visit from the regulator.
 But the founders of Bank M were on a mission to disrupt the established order in the country's banking industry with a bold, new way of doing business.Led by Sanjeev Kumar, an Indian banker...

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