Financial Times

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...
01Aug 2018
By Financial Times Reporter
Financial Times
Travel receipts, which accounted for 60.4 per cent of services receipts, grew by 14.6 per cent to $2,414.4 million owing to increase in number of tourist arrivals, the central bank noted in the June...
01Aug 2018
By Financial Times Reporter
Financial Times
One of such policies is a new policy adopted by the tiny African island country of Mauritius.Mauritius will starting this month be offering foreigners the chance to obtain Mauritian citizenship in...
01Aug 2018
By Financial Times Reporter
Financial Times
But life wasn’t always so bright. In the past, Moses would earn only $175 (about 399140/-) per harvest, producing three bags of paddy, or unmilled rice. Now he earns $1,050 (about 2.4m/-) for...
01Aug 2018
By Financial Times Reporter
Financial Times
The list of uses for graphite is extensive. For centuries it has been indispensable for teaching children how to write with pencils. Later it found a multitude of industrial uses, most notably as a...
01Aug 2018
By Financial Times Reporter
Financial Times
The last time an attempt was made at setting up a national airline, the Nigerian government entered into an arrangement with Virgin Atlantic, a British airline.It did not end well. And if the...
25Jul 2018
By Financial Times Reporter
Financial Times
Barrick Gold Corp., which owns about 64 per cent of London-based Acacia, last month withdrew a timetable to resolve the dispute with Tanzania, after previously indicating it would have a detailed...

Managing Director Ladislaus Matindi.

25Jul 2018
By Financial Times Reporter
Financial Times
The national carrier recently signed an exclusive five-year time-and-material contract with StandardAero to provide maintenance and engineering services for the Pratt & Whitney Canada (P&WC) PW150A engines powering the flag carrier’s fleet of 3 Bombardier
For instance, flying between Tanzania and Uganda requires one to connect through Nairobi’s Jomo Kenyatta International Airport or Rwanda’s Kigali International Airport. Air Tanzania wants...

print.

25Jul 2018
By Financial Times Reporter
Financial Times
According to its recent survey, growing demand for production and office printer equipment sales and services, as well as numerous other factors specific to the region, demonstrate the need for...
25Jul 2018
By Financial Times Reporter
Financial Times
South Africa remains by far the leading intra-African trade nation – its trade with the rest of the continent rose 8.6 per cent to $31.92 billion in 2017, accounting for over 24.9 per cent of intra-African trade
According to the Africa Export and Import Bank (Afreximbank) report, Tanzania is among five countries that registered steep declines in their trading with the rest of the continent last year. Others...

The $15,000 (about 34m/-) factory now produces three tonnes of briquettes daily and supplies 1,000 tonnes of briquettes to Zanzibar farmers each year. File photo

25Jul 2018
By Financial Times Reporter
Financial Times
Higher yields mean higher incomes for these farmers, who apply farming technology, like fertilizer, to improve their crops, earn more money, and provide more food for their families, many of whom are...

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