click-here
   

Tanzania - The Citizen - Business News

Plan afoot to raise Sh1bn for poor children

Details Two organisations have teamed up in an initiative aimed at raising Sh1.2 billion to help needy children in Tanzania....

Read more...

Worry as pests ruin groundnuts in Urambo

Details Pests account for 72.2 per cent of losses in groundnuts yields in Urambo District, a recent report shows....

Read more...

Vehicle distributor seeks better way to serve community

Details Diamond Motors Limited is undertaking a comprehensive corporate social responsibility (CSR) programme for the community to benefit more from its operations....

Read more...

Ease rules of borrowing funds, Nagu tells banks

Details Financial institutions should soften borrowing procedures to facilitate the growth of micro, small and medium enterprises (MSMEs), a minister has appealed....

Read more...

Tea prices hit three-month low at Mombasa auction

Details >Tea prices have remained depressed since last year and farmers are expected to earn the lowest bonus payment for the 12 months to June due to a supply glut....

Read more...

Dart project vandalised: RC

Details >The official handover of Morogoro Road will take longer than expected as some unscrupulous people have already started vandalising infrastructure....

Read more...

MARKET DATA REVIEW: Capital within the context of local empowerment

Details >Back in 2010 two pieces of legislation (Mining Act of 2010 and the Electronic and Postal Communication Act of 2010) were passed by our Parliament and got signed by the president with all the optimism that these laws entailed to fulfill, including some of the dream of local citizens, especially the aspect of the requirement that companies with Special Mining Licences and those operating in the telecommunication sector will be required to offer shares to the public and subsequently list on the Dar es Salaam Stock Exchange....

Read more...

Prepare employees to live well upon retirement: minister

Details >Public and private institutions have been urged to provide training on entrepreneurial skills to their employees as part of preparing them for retirement....

Read more...

Govt praised over delicensing

Details >The Tanzania Hunting Operators Association (Tahoa) has commended the minister for Natural Resources and Tourism, Mr Lazaro Nyalandu, for his recent handling of illegal and unethical tourist hunting practices....

Read more...

Pretax profit up 122pc, says lender

Details >The profit before tax for the National Bank of Commerce (NBC) rose by 122 per cent during the year ending June 2014, the financial entity’s results show....

Read more...

Anti-poaching tech introduced

Details >Huawei Technologies has introduced a technology for boosting government’s anti-poaching campaign....

Read more...

FEATURE: Insights Into the US-Africa Leaders Summit

Details >Last week’s US-Africa Leader’s Summit, which was organised and hosted by the US, ended with new hopes for Africa. This was after US President Barack Obama promised that all that his country wanted was to become an ‘equal’ partner in Africa’s growing success. President Obama -- while pledging $300 million in assistance per year to expand the reach of Power Africa in pursuit of a new, aggregate goal of 30,000MW -- told the 50 heads of state that America was no longer a nation eager to exploit the continent’s resources but rather build partner...

Read more...

Firm’s cyber security incentive

Details Dar es Salaam. Universities, Academies and similar institutes in educational institutions have been urged to make use of discount policies offered to promote cyber security....

Read more...

Three US companies seek to invest in Tanzania

Details >Hardly two weeks after Tanzania’s investment bodies convened a promotion forum in the US, three American companies have requested to invest under the country’s Export Processing Zones Authority (EPZA)....

Read more...

Govt promises full support for NSSF projects in Kigamboni

Details >The government is seeking ways of solving infrastructural matters before Kigamboni area is developed into a fully fledged modern city....

Read more...

Tourism earnings cross Sh3 trillion

Details >Earnings from tourism went up by 12.28 per cent during the year to June 2014 as the travel sector cements its position as the most important industry in Tanzania’s economy....

Read more...

Economists’ advice on gas revenue

Details >Economists have proposed that for Tanzania to benefit from its ongoing extractive activities, the revenue collected should be directed into investment projects....

Read more...

DTB second half pre-tax profit increases by 38pc

Details >The profit before tax for Diamond Trust Bank (T) Ltd (DTB) rose by 38 per cent during the first half of 2014, compared to a similar period in 2013, financial statements show....

Read more...

Dar faces population explosion: experts

Details >Africa is expected to have the biggest labour force in the world and experiencing faster economic growth than any other region come 2040, according to a report issued by PwC....

Read more...

Iringa faces hotel shortage despite rich tourist sites

Details Iringa is home to a number of tourist attractions yet it has inadequate hotels to accommodate the ever-increasing number of visitors. The situation hinders economic growth....

Read more...

Students earn millions by investing in bourse

Details It is possible for one to create wealth of Sh4.1 million in three months with capital of Sh1 million at the Dar es Salaam Stock Exchange (DSE)....

Read more...

Green initiatives in telecoms discussed

Details >Over 60 telecommunications experts from across the world are in Dar es Salaam for a two-day GSMA workshop on Green Power for Mobile Working Group —  Africa....

Read more...

Trade curbs stifle Sadc integration, says official

Details >A string of trade barriers are thwarting efforts by members states of the Southern African Development Community (Sadc) to attain a full regional integration despites members states signing almost all trade protocols....

Read more...

Banker: TZ can raise funds easily from global markets

Details >Tanzania is in a strong position to raise funds from international markets to finance its infrastructure projects considering its current development in macroeconomic conditions, according to a Standard Chartered top official....

Read more...

Importer: We target middle class

Details >The number of Tanzanians who graduate into the middle class is increasing. That creates demand for new products, a beverage dealer said....

Read more...

Swala share price up 20pc

Details >Investors of Swala Oil and Gas Limited that was listed on the Dar es Salaam Stock Exchange (DSE) yesterday had a chance to get a return of up to 20 per cent after each share appreciated by Sh100 on the first trading day....

Read more...

Workers’ welfare on focus

Details >Human resource professionals across the country are set to gather for the 4th Tanzania’s Human Resource Summit this week that will discuss issues facing workers in the country. Compensations to workers is among the topics to be covered during the two-day summit to be held on the August 14 and 15, according to a statement by Iris Executive Development Centre, organisers of the event....

Read more...

TZ insurance sluggish: report

Details >Tanzania’s insurance dealers have failed to absorb huge potential of retail market causing decimal inclusion of Tanzanians in the insurance sector....

Read more...

New policy now boosting leather products business

Details Tanzanians now stand in a good position to dominate the leather industry and leather products, thanks to a new government policy on import and export of hides and hide products....

Read more...

What to consider when you want to sell or buy a house in Tanzania

Details Do you really need a lawyer when you want to sell or buy a house in Tanzania? So apparently, this is another week, another article from ABC Attorneys. ...

Read more...

REAL ESTATE LAW: Know about property guide

Details Hello ABC Attorneys, I own a construction company in Mtwara. I have recently been exposed to a situation whereby I have to terminate a contract of service of one of my employees. Can you advise on how to draft a letter of termination? S.D....

Read more...

Member states press for new status of ‘charity organisation’

Details No one raised an eye brow, when the Commonwealth Parliamentary Association (CPA) was registered as a charity organisation under UK and Wales laws many years ago....

Read more...

Indian car maker plans assembling plant in Dar

Details >India’s car maker, Mahindra & Mahindra Limited is planning to establish a vehicle assembling plant in Dar es Salaam....

Read more...

Beer firm adds new product to its portfolio

Details >Serengeti Breweries Limited (SBL) launched yesterday the latest innovation dubbed ‘Platinum Baby’ as it seeks to cement its position in the market....

Read more...

CRDB Bank establishes India Desk

Details CRDB Bank on Wednesday unveiled its India Desk as it seeks to get a chunk of the ever increasing business ties between Tanzania and the Indian sub-continent....

Read more...

Importer of drink eyes more areas

Details The sole importer of Bavaria is planning a major expansion programme that will make the drink available in various regions in Tanzania and other major urban centres across East Africa....

Read more...

Petrol price up, diesel down

Details The petrol price increased yesterday. Retail petrol cap price increased by 1.74 per cent to Sh2,266 per litre in the commercial capital.Prices will be higher in far-flung corners of the country....

Read more...

Better revenue systems sought

Details Revenue systems will be harmonised to create a level playing field with multinational companies often accused of plundering resources in developing countries....

Read more...

Lender’s pretax profit up 80pc

Details >Exim Bank Group’s second-quarter pretax profit rose by 80 per cent to Sh9.6 billion....

Read more...

Plea to curb illicit money flows

Details >A Washington DC-based non-profit organisation that conducts research on national and multilateral policies has called upon the Obama Administration and Heads of State from across Africa to prioritise efforts to curtail illicit financial flows from the continent....

Read more...

Giant lender’s profits drop in six months

Details >Bank giant HSBC said yesterday that profits fell in the first half because one-off gains were not repeated and after a weaker showing at its investment arm....

Read more...

Bank to issue ATM cards in 20 minutes

Details >Barclays Bank Tanzania customers who apply for automated teller machine (ATM) cards will be able to receive them within 20 minutes....

Read more...

Africa seeks Agoa extension

Details >African leaders have agreed to push for a 15-year extension of the African Growth and Opportunity Act (Agoa), which waives duty on a long list of exports to the United States....

Read more...

Dar hailed for fight against cyber crime

Details >Tanzania has been hailed for its efforts in fighting cybercrime as it embarks on deployment of e-government....

Read more...

NMB plans model farms for clients to learn from

Details >National Microfinance Bank (NMB) in through its Foundation for Agriculture Development is planning to open its demonstration farms across the country to help farmers learn good practice....

Read more...

ENERGY: New hope for more gas finds

Details >There is high hope that Tanzania may raise its natural gas resource findings as exploration companies in the East Africa’s second biggest economy expect to drill 13 wells this year....

Read more...

ECONOMY: SMEs central to creation of jobs, wealth in Tanzania

Details >Small and Medium Enterprises (SMEs) are generally acknowledged as having the potential for job and wealth creation in any economy. Hence, interest in their development continues to be at the forefront in policy debates across Tanzania....

Read more...

TZ grain industry weak: study

Details Tanzania’s grain industry continues to be less competitive unlike that in other countries in the region, a latest report reveals....

Read more...

Real estate, diplomatic missions

Details Hello. I am a diplomat residing in Tanzania and have recently been faced with a situation that requires your help. Please, tell me, do diplomats have to pay stamp duty on transactions involving real estate made whilst on diplomatic missions? JQ....

Read more...

Hotelier’s profits fall nearly 75pc

Details TPS Eastern Africa, the owner of Serena Hotels and Lodges, reported first half of the year after-tax profit down by almost three quarters on Thursday, saying the Kenyan tourist business had been hurt by a spate of militant attacks and travel warnings by several Western nations....

Read more...

   
© WORLD NEWS