Financial Times

TanManagement Group CEO Mohammed Jaffer (left) and the CEO of Jubilee Insurance, Dipankar Achariya, shake hands after signing the MoU for the launch of the first ever voucher based micro-insurance platform in Africa. Photo: Courtesy of TanManagement.

16Jan 2019
By Financial Times Reporter
Financial Times
The first ever of its kind in Africa micro-insurance platform allows users to purchase insurance through scratch-card vouchers across all major networks in the country
The first product launched on the platform is called the ‘Safari Vocha’- covering the unfortunate event of accidental death or permanent disability which may happen while travelling...

With a net worth $10.3 billion (close to 23.7 trillion/-), Nigerian business mogul Aliko Dangote (left) remains the richest person in Africa whose top 20 list includes Mohammed Dewji (right) and only two women, the $2.3 billion rich Isabel dos Santos (centre) of Angola and NigerianFolorunsho Alakija ($1.1 billion). File photo

16Jan 2019
By Financial Times Reporter
Financial Times
Valued at &$1.9 billion (about 4.37 trillion/- at the current market exchange rate, the managing director of Mohammed Enterprises Tanzania Limited (MeTL) is the 14th richest person in Africa and the only East African in the list
Dewji, chief executive officer of Mohammed Enterprises Tanzania Limited (MeTL), is the only businessman from East Africa in the list.  Only two women have been listed; one is Isabel dos...
16Jan 2019
By Financial Times Reporter
Financial Times
In its Global Economic Prospects (Darkening Skies) report released last week, the World Bank says gross domestic product (GDP) growth in Tanzania will likely slow down to 6.6 per cent in 2018 from a...
16Jan 2019
By Financial Times Reporter
Financial Times
Though headcount poverty fell from 34 to 28 per cent between 2007 and 2012 based on the national poverty line, the same is still high in absolute terms (12 million people), and this is ascribed to...
16Jan 2019
By Financial Times Reporter
Financial Times
 In its East Africa Economic Outlook 2018 report, the African Development Bank (AfDB), one of the major lenders in the continent, notes that competitiveness in the region is largely being...
16Jan 2019
By Financial Times Reporter
Financial Times
ROLE REVERSAL "Following the acquisition of Bank M's assets and liabilities, Azania Bank Limited, which was a medium-size bank, will now become one of the five largest banks in Tanzania," - Dr Bernard Kibesse, Deputy Governor of the Bank of Tanzania (BoT)
The BoT announced yesterday that it has revoked the licence of Bank M and transferred all its assets and liabilities to Azania Bank Limited. When we hear about mergers and acquisitions (M...
16Jan 2019
Editor
Financial Times
That was a strong message in a seminal analysis of the situation at DSE and other African stock exchange markets, where the locally based analyst attributed the trend to changes in monetary policies...

According to the Rukwa regional disaster management committee, challenges were encountered in the region when heavy rains coupled with strong winds hit Sumbawanga and Nkasi districts late last year. File photo

16Jan 2019
By Financial Times Reporter
Financial Times
Disaster management committees from village to regional levels have been told to put in place tangible strategies that will help them mitigate natural disasters when they occur. The directive...
16Jan 2019
By Financial Times Reporter
Financial Times
In the grip of a choking skills shortage, the engineering sector faces tough questions of how best to attract new recruits and equip them for lifelong employment
Fast-growing customer-acquisition platform Mention Me closed its first funding round of $7 million this summer. While it has been successful finding new hires with engineering skills, getting the...

Emulating the success of companies that have placed cloud data at the centre of their business model will increasingly mean utilising AI to embrace the real value of digital transformation

16Jan 2019
By Financial Times Reporter
Financial Times
With most organisations failing to approach cloud data as a key business resource, artificial intelligence (AI) could hold the key to insights that can drive transformation
are implementing data analytics strategically.The most innovative companies in the world, including Facebook, Amazon, Netflix and Google, are not only underpinned by the cloud, but recognise that...

PROF FEBRONIA KAHABUKA

15Jan 2019
Mtapa Wilson
Financial Times
In this interview with Financial Times Staff Writer MTAPA WILSON, the former head of the Department of Orthodontics Paedodontics and Community Dentistry at Muhimbili University of Health and Allied...

Minister for Agriculture, Japhet Hasunga

09Jan 2019
By Financial Times Reporter
Financial Times
Instead, the agency should put in place strategies to enable it to raise funds to finance its own activities, he stated. He was speaking to NFRA workers after inspecting the ongoing construction...
09Jan 2019
By Financial Times Reporter
Financial Times
• According to Egyptian Prime Minister Mostafa Madbouly, President Abdel-Fattah El-Sisi attaches great importance to the project, which will be implemented by a consortium comprising El-Sewedy Electric and Arab Contractors
The two Egyptian firms have won the contract to construct the dam. The officials said they have started conducting surveys and studies about the topographical nature of the plant’s site. Arab...
09Jan 2019
Mtapa Wilson
Financial Times
improving Technical and Vocational Education Training (TVET) systems in these five countries. Read on… QUESTION: The ultimate aim of the BEAR II project is to promote and transform TVET in East...
09Jan 2019
Mtapa Wilson
Financial Times
The advice is contained in the Least Developed Countries (LDC) 2018 report which focuses on entrepreneurship for structural transformation. Titled “Beyond Business as Usual’’ and prepared by the...

The Commissioner of Insurance, Dr Baghayo Saqware.

09Jan 2019
By Financial Times Reporter
Financial Times
However, compared to the corresponding period in 2017, the loss was over 61 per cent lower. Overall, the market grew by over seven per cent in terms of gross premiums written but the regulator says...
09Jan 2019
By Financial Times Reporter
Financial Times
Kim (pictured), appointed twice by former US President Barack Obama for five-year terms, had pushed financing for green energy projects and largely dropped support for coal power investments, but had...

PRESIDENT John Magufuli

09Jan 2019
By Financial Times Reporter
Financial Times
'NO EFFECTIVE COMPETITION' Tanzania's main opposition parties made big political gains in the 2015 general election, but the opposition movement has weakened since the last polls and will likely perform poorly in 2020, according to leading global analysts
In its five-year outlook for Tanzania, the Economist Intelligence Unit (EIU) says the country will remain relatively politically stable compared to the turbulence being experienced in some...

Angelah Kairuki Minister of State in the Prime Minister's Office responsible for investment promotion.

09Jan 2019
By Financial Times Reporter
Financial Times
Under the new changes announced by Chief Secretary John Kijazi, Biteko, a former deputy mining minister, replaces his erstwhile boss, Angelah Kairuki, who has now been appointed Minister of State in...
09Jan 2019
Editor
Financial Times
immensely in southern part of the country. Dr Kalemani is in record to have questioned those who were blaming the government for taking too long to make a decision on the multi-billion project...

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