Tuesday, August 31, 2021

NSE rally returns Britam to half-year profit

Britam Holdings group managing director Tavaziva Madzinga. PHOTO | DIANA NGILA | NMG


More by this Author Holdings  has returned into half-year profit, lifted by growth in investment income and a rise in the value of shares at the Nairobi Securities

Kenya falls behind target in financing research and development


Tapping Chinese skills to enhance national capacity


The ongoing construction of the Nairobi Expressway along Mombasa road. FILE PHOTO | NMG

NBV boss to raise his stake to 94pc in acquisition bid


A stockbroker at the Nairobi Securities Exchange trading floor. FILE PHOTO | NMG

Media barred from Presidency expenditure meeting

 MPs during a session at Parliament chambers. PHOTO | FILE



  • Journalists were Tuesday barred from covering a parliamentary committee meeting called to scrutinise spending by the Presidency.
  • The restrictions saw the accounting officer at the Office of the President appear before the Public Accounts Committee (PAC) to answer audit queries without media coverage.
  • The officer was required to explain why pending bills totaling Sh342,081,809 were not paid as of June 30, 2019.

South Africa retail store Game to exit Kenyan market


Shoppers at Game store in the Garden City Mall on Thika Superhighway. PHOTO | FILE



  • The Johannesburg Stock Exchange-listed retailer announced on Friday it had put up 14 Game stores in East and West Africa for sale.
  • Massmart chief executive Mitchell Slape said the chain had begun a formal sales process to divest in five Game stores in Nigeria, four in Ghana, three in Kenya, one in Uganda, and one in Tanzania.

MPs back State control of hospital, doctors charges


Parliament building. FILE PHOTO | NMG



  • MPs have backed changes to the law that will grant the State powers to control medical bills and doctors’ fees, a move aimed at stemming the surge in hospital expenses.
  • The National Assembly Committee on Health approved the proposed amendments to the Health Act 2017 that will see medical charges determined and capped by an 11-member council.

Selcom: Tanzania’s trailblazer in mobile financial inclusion and transformation

 Selcom1 PIC

Selcom Tanzania’s Executive Director, MR. SAMEER HIRJI.


QUESTION: Let us first take off by knowing what inspired your digital vision for Tanzania and prompted the Selcom dream.
ANSWER: There was no dream per se, but the vision and ambition was always to do something in the payments space since my time at Celtel.

Towards the end of my time there was already talk about mobile financial services, with M-Pesa having launched in Kenya. The space was very nascent in anzania with challenges around the lack of adequate infrastructure, data connectivity, affordable and reliable USSD and SMS channel access, not to mention suitable handsets in the hands of the masses and the requisite mobile

Digitalising the informal financial sector in Tanzania

Digitalising pic

Sele Mduda is a co-founder of the Norway-based firm and shares their vision for Africa in this interview.

QUESTION:  First and foremost, briefly outline Wakandi historical background and the brains behind its digital vision and strategic mission.
ANSWER. The idea behind Wakandi came from one of the company’s co-founders, Seleman Mduda, a Tanzanian living in Norway. His struggle with sending money home to Tanzania laid the foundation for many of the solutions we have developed over the last two and a half years.

Exim Bank supports national financial inclusion agenda with unique initiatives


Exim Bank CEO Jaffari Matundu.

The global financial inclusion champion Tanzania is today and the shining example of digital transformation it has become in Africa has not been a one-man show but a concerted effort involving strategic players like Exim Bank Tanzania.
The lender is not only one of the top local financial services providers but also a

TPB Bank’s financial inclusion agenda


TPB Bank PLC Chief Executive Officer Sabasaba Moshingi.

History and market outreach
This bank started as the Tanganyika Post Office Savings Bank in 1925, making it one of the oldest banks in Tanzania.
TPB Bank has 84 branches (48 full-fledged branches and 36 mini branches) that reach every region in Tanzania.
This is one of the largest branch networks in the country and we are able to reach out to many Tanzanians and actively promote financial inclusion.

Products and services portfolio
TPB Bank Plc offers a whole array of products and services to suit all Tanzanians.