Tanzania - The Citizen - Business News

TZ set to become gas economy

Details Recent discoveries of natural gas off the coast of Tanzania have led to a projection that Tanzania could become a major producer of natural gas in a decade. This fact now sees various local, national and multinational companies committing billions of dollars foe exploration in this lucrative resource....

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Insure your homes now, firm advises Tanzanians

Details >Private home insurance is a new thing in Tanzania yet some real estate players believe a protecting property against risks like fire, theft and some weather and unpredictable disasters is the best way to create a stable population....

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Boost dairy industry with affordable loans, minister tells banks

Details >Livestock and Fisheries Development minister Titus Kamani has called upon financial institutions to help the sector with loans that can help turnaround pastoralists’ incomes....

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BoT: Expand financial services to fight poverty

Details >Tanzania’s living in rural areas lack access to financial services for both agricultural and non-agricultural activities, a situation that depresses the rate of growth in the areas where over 75 per cent of the population lives....

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TRL gets 50 wagons

Details The Tanzania Railways Limited (TRL) yesterday received 50 wagons worth Sh8.3 billion from an Indian company....

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TZ climate for financial inclusion ‘good’

Details Tanzania has the most conducive conditions for expanding access to financial services for the under-served populations in Sub-Saharan Africa, a new study has established....

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Our new Mtwara branch targets rural people: bank

Details The Diamond Trust Bank (DTB) yesterday opened a new branch in Mtwara....

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26 nations to create free trade area next month

Details Africa will launch its largest free trade area (FTA) next month....

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Ministry: We want to bail out ATCL

Details Already the ministry of Transport has ordered ATCL to prepare a business plan which, among the things, will identify the airline’s needs....

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Tanzania to have LNG plant

Details >Tanzania’s abundant natural gas has prompted the government to initiate a plan to develop a liquefied natural gas (LNG) plant costing $30 billion, Engineering News  quoted the ministry of Energy and Minerals as saying....

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Investors’ appetite for securities up

Details >Investors’ appetite for long-term government securities was high last week, resulting in a 19.8 per cent oversubscription of the Treasury bonds (T-bonds)....

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Tanzania’s producers face serious woes, says ministry

Details >Tanzania may be among top producers of cashew nuts and rice in Africa yet the volume produced and processed is inadequate to meet the increasing demand at the international market, the ministry of Industry and Trade said yesterday....

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Company in seatbelt safety drive

Details An online vehicle marketplace, Carmudi, has embarked on a campaign to sensitize the use of seatbelts as it seeks to play an increasingly important role in reducing the level of fatal injuries to passengers....

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Galaxy Note 4 hits shelves in Tanzania

Details Samsung’s Galaxy Note 4 is now available in Tanzanwia as the global technology firm positions itself to conquer the smart phone market in the country....

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Dar seeks stronger UK ties

Details Tanzania will strive to attract more and more investments from the United Kingdom (UK) as a way of strengthening existing diplomatic relations between the two countries....

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Hopes high for Arusha gem fair

Details Preparations for the third Arusha Gemstone Fair (AGF) have been finalised and it will once again showcase its great potential for gemstones, now contributing significantly to national earnings. Organisers say local participants are expected to strike sales exceeding Sh6.9 billion generated during last year’s show, which enabled the government to earn S.227.4 million royalties....

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How to create awareness on EA integration

Details >As the East African integration process continues, a new study has established new ways that can enable Tanzanians increase awareness about the integration process....

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Deal signed to promote TZ tourism

Details The Automobile Association of Tanzania (AAT) has entered into a partnership with some hotels to promote tourism....

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Businesses advised on sharing resources

Details The private sector should work tirelessly to have a dialogue with the public sector to ensure Tanzanians get a larger share in their resources, a minister has said....

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Entrepreneurs to focus on product innovation

Details Entrepreneurs from different sectors are scheduled to converge in Dar es Salaam on Monday next week to discuss creativity....

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Councillors: Stop mixing tobacco with plastic bags

Details >Uyui councillor have vowed to enact a by-law that prevents the mixing of tobacco leaves with other materials to add weight, saying the quality was lowered....

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National IDs to simplify banking services: CRDB

Details >CRDB Bank has said the cost of doing services will soon fall.This is because the use of new national identification (ID) cards will offer true a...

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Chiza: Dishonest co-op heads to face the music

Details >Leaders of cooperative societies who collude with financial institutions to siphon funds from unsuspecting members of their groups will be prosecuted, a cabinet minister warned yesterday....

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Govt borrowing cost soars as Treasury bills oversubscribed

Details Treasury bills have been oversubscribed and the borrowing costs for the government have been soaring....

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EAC single tourist visa good for economies, say hotel owners

Details Tourism stakeholders hope the envisaged single tourist visa for the East African Community (EAC) will increase the contribution of the sector to economies of member states....

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Stage set for conference on port ties

Details Topical issues affecting the maritime industry in Africa are expected to feature during the 10th conference of Pan African Association for Ports Cooperation (PAPC) scheduled for Mombasa, Kenya between November 16 and 19....

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Dar hotel industry gets boost

Details Hotels Association of Tanzania (HAT) has welcomed the planned entrance of a new hotel management in the country but called upon the government to create conducive environment for growth of the hospitality industry....

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Apple ups its presence in Tanzania

Details Store, an authorised dealer of Apple products has opened a distribution outlet here in the city to tap Tanzania market....

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Why Emirates launched this 2nd service to Dar es Salaam

Details QUESTION: First, what principally motivated and prompted you to start the second service to Dar es Salaam?...

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Govt ‘installing computerised revenue system’

Details The government - through the Prime Minister’s Office, Regional Administration and Local Government (PMO-RALG) – is currently installing a computerised revenue collection system at some urban centres, The Citizen has learnt....

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Stakeholders laud BRT security plan

Details A recent proposal by a parliamentary committee that a special police section should be put in place and be entrusted with the responsibility of guarding the Bus Rapid Transit (BRT) infrastructure received massive support from transport stakeholders in the city earlier this week....

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Experts fault tax bills ahead of Bunge debate

Details As Parliament pprepares to debate two tax-related bills later this month, experts have raised the alarm on some issues which they say need to be addressed before the proposals are passed....

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TZ gets new cash transfer service

Details Tanzania has got a new money transfer platform.Known as Dau-Pesa, it was launched yesterday by the Informal Sector Workers Union to enable people to make payments for various services such as Luku, Dawasco, DSTV and Zuku....

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Bank, revenue authority ink deal on tax collection

Details Equity Bank and Tanzania Revenue Authority (TRA) have inked a deal that enables taxpayers to remit their taxes through the financial institution’s network....

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WB, Denmark promise $56m for urban project

Details The World Bank and Denmark have pledged to make available a total of $56 million (about Sh92.4 billion) in support of a project that seeks to improve infrastructure in urban areas in Tanzania....

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Commuter bus firm trains staff

Details >Uda is training its drivers, conductors and other staff members for one month....

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Development bank to be split into 2 autonomous entities

Details >TIB Development Bank will soon be split into two autonomous banks, it has been disclosed here....

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Uchumi acquires Dar’s Sifamart Supermarket

Details >Uchumi supermarket has acquired a store in Tanzania as part of its aggressive expansion plan in that market. Chief executive Jonathan Ciano said the acquisition of the outlet from Dar es Salaam-based Sifamart Supermarkets was concluded last week in a deal financed by debt....

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Interbank rates fall to 11pc as liquidity improves in market

Details >The overall interbank rate was 23.76 per cent less in August as banks’ liquidity improves....

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Firm rewards dealer after Sh300m sales

Details >In a bid to motivate its dealers, the SilaAfricaTanzania LTD, who are producers of Simtanks have awarded its Buguruni dealer who managed to sell a total of Sh300 million within three months period....

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OLX enters Tanzania market with new Facebook venture

Details >OLX, one of the world’s leading online classified platforms, yesterday announced its foray into the Tanzanian market with Facebook’s Internet.org app....

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Agriculture bank for launch

Details >Preparations have been finalized for the launching of Tanzania Agricultural Development Bank (TADB), a banker disclosed here last week....

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First Car Rental of South Africa now debuts in Tanzania

Details One of the top car rental brands in Africa, First Car Rental of South Africa, has debuted operations in the country through partnering with Skylink Rent A Car Ltd of Dar es Salaam....

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80 nations to end secrecy in banks

Details More than 80 countries signed up to a deal that could help end banking secrecy Wednesday in what the sponsors hope will be a major step in the global battle against tax evasion and fraud. A total 51 countries signed up to the Multilateral Competent Authority Agreement under which their national tax authorities will exchange information automatically from September 2017....

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Continue investing in TZ, Huawei told

Details >Tanzania’s President Jakaya Kikwete has urged Huawei Technologies to continue its investment in Tanzania’s information and communication technology to help innovate and develop the local ICT industry....

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Local input in railways trade missing

Details >Tanzania Private Sector Foundation (TPSF) has raised alarm that lack of participation of  local players in running the railway business was largely due to corruption....

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300 mid-sized firms expected in survey

Details The Top 100 Mid-sized Companies Survey has entered the fourth phase with increased participation of upcountry businesses by 30 per cent....

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TZ ranking up in attracting businesses

Details Tanzania has improved 14 places in the World Bank’s ease of doing business, becom ing the second most attractive in the region after Rwanda....

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Expert: Improve services for tourists

Details Tanzania’s tourism is growing at a remarkable rate, but more efforts are needed to improve service delivery to tourists, says an expert....

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4 companies launch initiatives to help check Ebola spread

Details >Airtel, IBM Research Africa and Kenya’s Echo Mobile have joined forces to launch several initiatives to help curb the spread of Ebola in West Africa....

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