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Tanzania - The Citizen - Business News

L. ZONE: ‘Speed up Lake Zone water link’

Details Kagera. Local residents are asking the government to speed up the implementation of a project to hook up Lake and Central Zones to a safe water reservoir at Lake Victoria....

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L. ZONE: Cash boost for Mwanza traders

Details Bank of Baroda’s decision to target small and medium entrepreneurs brilliant since their numbers in Mwanza are swelling and they promptly ignored by most lenders....

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L.ZONE: Govt to compensate victims of Serengeti elephant rampage

Details The ministry of Natural Resources and Tourism has pledged to compensate families whose members were either killed, wounded or had their crops destroyed by elephants that fled from the Serengeti National Park (Senapa) in Mara Region....

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Fastjet adds new Mwanza flights as demand surges

Details Fastjet adding four return flights every week between Dar es Salaam and Mwanza to meet the growing passenger demand....

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Stealing water in Dar? You could lose your assets

Details An operation carried out at Kimara kwa Musuguri in Dar es Salaam saw block-making machines, thousands of blocks and other properties confiscated because the proprietor had hooked himself into the water mains illegally....

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Govt to buy two new radars by 2015

Details The government will this financial year buy two radars to increase safety and security of Tanzania’s civil aviation, the industry regulator has said....

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Water project nears completion: Dawasa

Details The construction of a water pipeline from the Lower Ruvu water treatment plant to Ardhi University water reservoir in the city is about to be completed....

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Ministry awards Tarangire lodge five-star rating

Details The ministry of Natural Resources and Tourism has awarded Tarangire Sopa Lodge a five-star rating....

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Ewura seeks to reduce cost of oil importation

Details The Energy and Water Utilities Regulatory Authority (Ewura) is looking for a better way of reducing oil import charges....

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LAKE ZONE: Teachers stage strike in standoff with villagers

Details Following an assault on a teacher last weekend, educators in the ward have decided to ditch their duties claiming that their lives are at risk....

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LAKE ZONE: ‘Where’s cash for practical training?’

Details Tanzania Higher Learning Institutions Organisation (Tahliso) has decried delays in disbursement of funds to students who are currently undergoing practical training....

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When BRICS flex, global economies shake

Details The launch last week of a development bank and an emergency reserve fund by the Brics -- Brazil, Russia, India, China and South Africa -- appears to be a concrete attempt to address inequities created by European and American dominance at the World Bank and the IMF....

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EXPORT: Dar urged to set up grain labs

Details Tanzania should establish more laboratories for examining and certifying grains for exports, experts have advised....

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GOING GREEN: Why govt needs private equity

Details Tanzania National Agro-dealer Association (Tanada) chairman Michael Mahecha said cooperation between the two is instrumental in addressing the challenges facing input supplies to farmers....

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Tanzania’s trade deficit widens 24 per cent

Details Tanzania’s current account deficit -- meaning that the country’s economy is functioning on borrowed means -- widened by 24 per cent in the year ending June 2014 as the country experienced an increase in imports of goods and services, Bank of Tanzania (BoT) has said....

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Tanzania’s pace of providing water sluggish

Details The semi-arid country has diminishing groundwater and a lack of safe water access. New public-private partnerships are springing up, but a lack of trust and public awareness mean pace is slow...

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Oil and gas: Now the hard work begins in EA

Details The UK market intelligence firm Business Monitor International says Tanzania, Angola and Mozambique have the highest prospects for oil and gas investments in Africa....

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Too much sleep in middle age is as bad for you as too little

Details Sleeping too much in middle age can be just as bad for you as not having enough, it emerged yesterday....

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Big dreams for Rwanda’s ICT sector

Details “The internet is a needed public utility as much as water and electricity,” declared President Paul Kagame at the Transform Africa summit, held in Kigali, Rwanda’s capital city, last October to discuss the future of broadband in Africa....

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The challenges of getting land in urban Tanzania

Details Real Estate activities are growing in the country, spreading out across town centres in most of the regions that have commercial activities including urban centres such as Dar es Salaam, Arusha, Mwanza, Mtwara and many others....

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Are e-commerce services subject to any tax in Tanzania?

Details While relaxing recently at News Café I was seated next to two ladies reading books on digital devices....

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Airtel launches special tourist roaming pack

Details Tourists are set to enjoy reduced roaming charges as Airtel Tanzania launches a special tourist pack....

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Be open in natural gas income, advises IMF

Details Tanzania will start benefiting from potential natural gas revenues in the next few years but the International Monetary Fund (IMF) wants the country to spend the money transparently....

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TZ gets $855m from miner

Details African Barrick Gold (ABG) is estimated to have contributed $855 million (Sh1.4 trillion) to Tanzania’s economy in 2013 alone being both direct and indirect input, a new study shows....

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Business formalisation to avoid hassles: govt

Details The government has called upon operators of small and medium-sized enterprises (SMEs) to formalise their businesses....

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DHL keen to improve services

Details Global logistics company DHL will constantly look to exceed customer expectations to peak satisfaction during the process of delivering services, the company’s head of customer service for sub-Saharan Africa, Ms Gloria Torres, said....

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Cement firm, Tanesco ink power deal

Details Tanga Cement Company Limited (TCCL) and Tanzania Electric Supply Company Limited (Tanesco) yesterday signed an agreement....

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Precision Air narrows net loss by Sh17 billion

Details The Precision Air Group narrowed its annual net loss by 60 per cent during the year ending March 2014 as it moves closer to profitability....

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Learn regularly to sharpen skills, directors told

Details  Leaders of public and private companies should undergo regular training to enable them to carry out their duties efficiently....

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Ultra-sound machine donated to hospital

Details KCB Tanzania has donated an ultrasound machine to Mawenzi Referral Hospital in Moshi....

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100,000 smallholder farmers to benefit from Sh7bn grants

Details The Alliance for a Green Revolution (Agra) yesterday announced that it will issue $4.25 million (about Sh7 billion) grants....

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Furniture firm wins for 5th time

Details Furniture Centre, which emerged the 2nd winner in the furniture category for the fourth time, at the just ended 38th Dar es Salaam International Trade Fair (DITF), has had a long history....

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PM Modi pins hope on new Brics bank

Details Indian Prime Minister Narendra Modi headed to Brazil yesterday for a meeting of the Brics group of emerging powers, hoping to seal the long-discussed deal to open a new development bank....

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Miners seek energy options

Details Rising energy prices and supply constraints have forced mining companies operating in Africa to find new energy solutions that are affordable, consistent and secure....

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Insecurity sees Serena, KQ shares lose ground

Details If there were any doubts about the impact of the recent spate of insecurity in Kenya on the economy, the Nairobi bourse offers the best illustration....

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World Bank gives $61bn to poor states

Details World Bank Group support to developing countries rose sharply to $61 billion in fiscal year 2014 as the organization prepared for transition to a new operating model, up from $52.6 billion in FY13....

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Cellular firm teams up with ngo to plant trees in campaign

Details >A mobile phone company -- Airtel Tanzania -- has teamed up with an NGO that works in the area of sustainable environment -- Moivaro Jitegemee Family (Mojifa) -- in a bid to reduce environmental degradation and water pollution in different areas of the country....

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Tobacco farmers want role in policy making

Details >African tobacco growers have appealed to governments around the world and particularly those from tobacco-growing countries to grant tobacco growers the right of consultation in the development and implementation of policies that directly impact on them....

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Z’bar internet service provider seeks to improve visibility

Details Zanlink, an internet service provider in Zanzibar, has unveiled a new brand identity as it seeks to improve its visibility....

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Bank net profit up Sh300m

Details Bank M’s net profit for the second quarter of the current calendar year went up by 9.375 per cent compared to a similar quarter in 2013, latest financial figures show....

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Brics dream on financial institution to materialise

Details The Brics group of emerging giants is expected to sign a deal next week to open its own development bank by 2016, Russia’s finance minister said yesterday....

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Sh24tr granted to Africa in 1 year

Details The World Bank Group issued loans and grants of $15.3 billion (Sh24.5 trillion) to sub-Saharan Africa in the year ending June 2014....

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Investors’ wealth at bourse grows by Sh2tr in 6 months

Details Investors with large companies that are listed on the Dar es Salaam Stock Exchange (DSE) may have put on broad smiles during the first half of this year as their wealth grew significantly, after share prices appreciated....

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$4m lease deal won

Details Nairobi-based asset leasing firm, Vehicle and Equipment Leasing Limited (Vaell) has won a $4 million deal to provide graders, lease excavators, compressors, drills, breakers, tippers and wheel loaders to a group of mining firms in Tanzania....

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Furniture firm buys machines

Details Furniture Centre DSM Ltd has purchased modern machines that can produce high quality furniture within a short period of time as the company seeks to meet the growing demand for furnishings among Tanzanians....

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Bulk cash transfer cost falls

Details The cost of transferring bulk funds across commercial banks in Tanzania, Kenya and Uganda fell tremendously during the past eight months, thanks to the introduction of a new payment system....

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Global economy ‘less robust’

Details The strength of the global economic recovery could be “less robust than expected” and more must be done to boost international monetary supply, IMF chief Christine Lagarde warned Sunday....

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Bank, logistics firm team up in HIV fight

Details Standard Chartered Bank Tanzania and Bolloré Africa Logistics have joined hands in a campaign aimed at cutting down new infections and creating awareness on how to cope with HIV/Aids....

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Be innovative to boost growth, banks

Details The Vice President, Dr Mohammed Gharib Bilal, has advised banks and other financial institutions to become more innovative to boost and open up investments in the country....

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Strike will hurt South African economy - Moody’s

Details Moody’s said the strike by more than 200,000 engineering and metal workers would damage South Africa's “already deteriorating reputation among investors.”...

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