Tanzania - The Citizen - Business News

Initiative seeks to award best board directors in banking and insurance

Details > Outstanding members of boards of directors for banks and insurance firms will now be awarded in a move that seeks to celebrate excellence in the group of people that are entrusted with responsibilities of making decisions on behalf of shareholders....

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I&M Bank, tech firm in e-payment agreement

Details >I & M Bank and Smart Banking Solutions (SBS) have signed a deal that will see the former issuing the latter’s prepaid cards to its clients....

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TradeMark launches innovation fund

Details >TradeMark East Africa (TMEA) has set aside a total of $15 million (about Sh25.5 billion) that will be awarded to investors in the transport sector who may come up with projects that will reduce transportation costs across the region....

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Adopt One Network Area in 2015, say 3 EAC states

Details Leaders of Uganda, Kenya and Rwanda have called for the speedy implementation of the One Network Area to have the cost of calling around the region drop and effected by end of January 2015....

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2 mobile phone firms launch new service

Details Tigo and Zantel have officially launched their mobile money interoperability service in Tanzania....

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1,000 bags of smuggled sugar seized

Details >The Tanzania Revenue Authority (TRA) seized over 1,000 bags of smuggled sugar in three months in Bagamoyo and Mlingotini in Coast Region and Mbweni and Kunduchi in Dar es Salaam....

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Commuter bus owners to run rapid transit system, says RC

Details >The government has allowed owners of commuter buses (daladala) here to temporarily operate the Bus Rapid Transit (BRT) system....

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Numerous taxes threaten businesses in Africa: CEOs

Details >Poor infrastructure and numerous taxes are threatening businesses in Africa, chief executives of companies have said....

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How to drive safely this fest season, by car dealer

Details >An online vehicle market place, Carmudi, has embarked on a special campaign that seeks to ensure that Tanzanians are celebrating the festive season responsibly....

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AIR TRAVEL: Beijing aviation firm makes Dar its Africa technical base

Details >A Chinese aviation company, AVIC International, which is eying a stake in Air Tanzania, has launched a technical support centre in Dar es Salaam....

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Tanzania’s poverty level still high

Details Dar es Salaam. Tanzania’s economy is agriculture-based and accounts for about 50 per cent of the GDP, which accounts for 80 per cent of the labour force and 80 per cent of the total export....

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Human rights help us live in just and peaceful world

Details Every December 10 is Human Rights Day since it was proclaimed by the UN General Assembly in 1950 to call the world’s attention and all people everywhere to respect human rights standards as enshrined in the Universal Declaration of Human Rights (1945) and other international and regional human rights instruments....

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2 social projects get $40,000 $40,000

Details Tigo is funding two more social entrepreneurs who will implement innovative projects aimed at improving the lives of children in the country....

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District councils chided over funds

Details Many local authorities have failed to allocate 10 per cent of their revenue to credit funds for women and youth....

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Shareholders keep eagle eye on TCCIA investments

Details Shareholders of TCCIA Investment Company Limited are tomorrow scheduled to hold their ninth Annual General Meeting (AGM) here....

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Tanzanian company bags deals in Kenya, Nigeria

Details A Tanzanian firm offering NetSuite Solution services has bagged two contracts in Kenya and Nigeria as it seeks to increase the list of clients enrolling for the internet-based Enterprise Resource Planning (ERP) solutions....

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SMEs to benefit from new credit guarantee scheme

Details The TIB Development Bank and the National Economic Empowerment Council (NEEC) yesterday inked a deal that seeks to see the two government-owned institutions collaborating in the endeavour to nurture enterprise growth....

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Construction materials dealer opens fifth outlet

Details Nabaki Afrika, one of the local retailers and wholesalers of construction materials, has opened an outlet in Arusha....

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Russia’s economy to contract

Details The World Bank yesterday predicted that Russia’s economy would shrink by 0.7 per cent in 2015, but warned that the contraction would be worse if oil prices were to keep sliding....

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Experts focus on natural resources

Details An international conference on natural resources accounting and finance will start here tomorrow....

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Inflation declines to 5.8pc, says bureau

Details The inflation rate fell to 5.8 per cent last month from 5.9 per cent the previous month....

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Firms awarded for drawing up good financial reports

Details Tanga Cement Public Limited Company, CRDB Bank and Tanzania Revenue Authority (TRA) are among the institutions whose financial statements are prepared in line with internationally-recognised standards....

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Understand girls’ needs, urges telco

Details Girls are assets that can transform Tanzania’s economy if the community understands and takes care of their needs, Vodacom Foundation’s head has said....

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New diploma for freighters coming: govt

Details Tanzania will start offering international Freight and Forward Diplomas in March 2015....

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NMB, MasterCard in new tie-up

Details The National Microfinance Bank (NMB) has signed an agreement with MasterCard that will see the latter rolling out 1.5 million payment cards for the bank’s customers....

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Why WB’s water failure in Tanzania ‘grim news’

Details During the dry season, students walk on the brownish-red sand, passing a water pump adjacent to school buildings....

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We’ll review agro-taxes, govt pledges

Details The government has assured farmers that it will review some taxes charged on agriculture to encourage agribusiness development in the country....

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Agro-inputs delay ‘leads to low cashew production’

Details Cashew farmers in Nachingwea District, Lindi Region have cited the delay in accessing agro-inputs as one of the major factors leading to decreased production....

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Gold firm promises peace around mine

Details After changing its name from African Barrick Gold (ABG) to Acacia, one of the major gold producers in the country has promised to restore harmony around its North Mara Gold Mine....

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97pc of Geita residents use unsafe water, says manager

Details Ninety-seven per cent of gold-rich Geita Region residents depend on unsafe water from boreholes. The situation endangers their health....

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Sugarcane project faces delay

Details Development banks and equity providers are hesitant to take part in a planned major sugarcane project in Bagamoyo....

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Women eye gas and oil boon

Details Tanzanian women have vowed to take advantage of the ongoing natural gas discoveries to form companies that will take part in various business aspects that are linked to the newfound wealth....

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Your cash is safe, NBC tells clients

Details The National Bank of Commerce (NBC) said yesterday that no single cent from its customers’ deposits has been lost following a fire scare that disrupted operations at its headquarters on Wednesday....

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New pact aims at improving services: NMB

Details The NMB Bank and Maxcom Tanzania yesterday signed a partnership agreement that will see the bank utilising the latter’s network popularly known as Max Malipo as agents....

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End to post-harvest losses sought

Details Post-harvest losses for smallholder farmers will soon be a thing of the past if the three innovative storage technologies, launched on Tuesday, are anything to go by....

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Govt engages WB in drawing up plan on Islamic banking

Details The government has engaged the World Bank to provide consultancy in preparing a regulatory framework for operations of Islamic banking....

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Bank-staff pact expected to increase productivity

Details  CRDB Bank has pledged to honour collective bargaining agreement aimed at improving working conditions....

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New service eases payment in hotels

Details Vodacom Tanzania yesterday launched an online payment service through the Vinjari web-based platform which enables local businesses registered under Vinjari.co.tz to receive payment online from the purchase of services via M-Pesa....

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Use Air Seychelles’ Dar-Mahé flights for business: minister

Details Air Seychelles started flying between Dar es Salaam and the Indian Ocean archipelago yesterday, a move meant to offer more options to tourists visiting the two countries....

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Pensioners to benefit from new loan deal

Details Pensioners, under the National Social Security Fund (NSSF) programme, can now easily acquire loans from the Tanzania Postal Bank (TPB), thanks to a programme launched yesterday....

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High tax rates put Tanzania in bad position, warns study

Details Tanzania’s tax rates are among the highest in East Africa. The situation that puts the country at a disadvantageous position in terms of revenue payment, a new report says....

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Bank gross profit up 9pc

Details Exim Bank Group posted a Sh5.4 billion pre-tax profit during the third quarter of this year....

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870,000 fly Fastjet in two years

Details Budget airline fastjet is celebrating two years of its existence in African skies with figures showing that it has carried 870,000 on 8,200 flights....

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M-Pawa clocks 1m customers

Details Six months since it was launched, M-Pawa – a partnership between Vodacom’s M-Pesa and the Commercial Bank of Africa (CBA) has attracted one million customers, it was announced yesterday....

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UBA, Airtel in new partnership

Details United Bank for Africa (UBA), is partnering with Bharti Airtel, to provide mobile-based financial services across Africa through Airtel Money....

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Educate your farmers, says Brazilian expert

Details >Agriculture revolution depends on farmers’ adoption of researches, a Brazilian expert has said, calling upon Tanzania to put in place conditions that will enable farmers to comply with study findings and recommendations....

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Merger forms Africa’s biggest bottler

Details >Three beverage firms across 12 countries in Southern and Eastern Africa yesterday inked a deal that seeks to merge their operations and create a formidable bottling operation that should boast of pro forma annual revenues of $2.9 billion....

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Avoid half-baked mechanics, expert tells vehicle owners

Details Vehicle owners need to thoroughly consider the competence of mechanics for maintenance or repairs, an expert has warned....

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Tanzania advised on modern leadership

Details A renowned leadership expert has challenged Tanzania to think of ways to create leaders who will be able to serve the country in line with needs and aspirations of people who live in the 21st century....

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Dar’s new supermarket to produce own power

Details A new entrant into Tanzania’s supermarket industry says it will generate its own electricity....

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