TANZANIA, Dar es Salaam: VICE-PRESIDENT, Dr Phillip Mpango has called for
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Friday, August 4, 2023
NHC to list bond on DSE as profit surges
TANZANIA, Dar es Salaam: THE National Housing Corporation (NHC) will for the first time in history list its bond on the stock market, with the company disclosing that it has
PM tips youth on agri opportunities
PRIME Minister Kassim Majaliwa has encouraged Tanzanians particularly young people to
Four people die in Chalinze road crash
COAST, Chalinze: FOUR PEOPLE have died in an accident which occurred on Thursday during the wee hours at Mapatano Village, Mbwewe Ward in Chalinze Council, Bagamoyo District, Coast Region.
Revealed: Top 10 investors at Dar es Salaam Stock Exchange
Josephine Christopher is a business reporter for The Citizen and Mwananchi newspapers.
Mwananchi Communications Limited
Summary
· These ten individuals as of Friday last week had a collective Sh208.2 billion investment at the bourse, equivalent to 1.37 percent of the Sh15.12 trillion total market capitalization.
Geita Gold to save $19m annually after national grid connection
Vice president of AngloGold Ashanti-GGML responsible for sustainable projects in Ghana and Tanzania Simon Shayo (left) speaks during a forum to discuss energy issues on Monday. Others include chairperson of Tanzania Renewable Energy Association (Tarea), Mr Prosper Magali (center) and founder and managing director of Lindam Group Limited, Ms Zuhura Muro. PHOTO | CITIZEN CORRESPONDENT
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Summary
· Tanesco is implementing a power project which will ultimately connect the company with the electricity from the national grid
Reforms working as Tanesco nets Sh2.3 trillion income
Josephine Christopher is a business reporter for The Citizen and Mwananchi newspapers.
Mwananchi Communications Limitted
Summary
· With the rise in income, Tanesco’s net profit, which rose from Sh45.246 billion in 2019/20 to Sh77.144 billion in the 2020/21 financial year, jumped to a record Sh109.454 billion during the 2021/22 financial year.
Reasons behind rise in UTT-AMIS asset value
UTT-AMIS’ managing director, Simon Migangala. PHOTO | COURTESY
Josephine Christopher is a business reporter for The Citizen and Mwananchi newspapers.
Mwananchi Communications Limited
Summary
· The level of assets managed by the trust has improved from Sh290 billion recorded in 2019 to a staggering Sh1.535 trillion by the end of June 30, 2023
CRDB Bank’s half-year profit rises
CRDB Bank Plc managing director Abdulmajid Nsekela. PHOTO | COURTESY
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· The bank has attributed the minimal rise in profits to substantial investments in its DRC office and CRDB Insurance.
CRDB scoops four Africa awards in Lagos
Tanzania’s High Commissioner to Nigeria Dr Benson Bana (centre) receives an award for the best CEO supporting procurement on behalf of CRBD Bank’s Group managing director and CEO Mr Abdulmajid Nsekela from the CEO of Instictwave, Mr Akin Naphtal at the Africa Procurement and Supply Chain Awards (APSCA) held in Lagos, Nigeria. With him is the bank’s director of procurement, Mr Pendason Philemon (right). PHOTO | THE CITIZEN CORRESPONDENT
Education writer/journalist with The Citizen
Mwananchi Communication Limitted
Summary
· Tanzania’s High Commissioner to Nigeria, Dr Benson Bana said it was enthralling to see the bank scooping a number of international awards.
BoA introduces agency banking in new service expansion drive
The Bank of Africa – Tanzania managing director Adam Mihayo (right) cuts a ribbon during the launch of the bank’s agent banking services in Dar es Salaam yesterday. With him is the bank’s senior head of marketing and communication Nandi Mwiyombella (left), head of digital services Jesse Jackson (second left). PHOTO | THE CITIZEN CORRESPONDENT
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Dar es Salaam. The Bank of Africa-Tanzania has introduced agency banking services aiming to improve proximity to customers and increase
Kendwa Beach, Zanzibar ranked 4th best in the world, top in Africa
Dar es Salaam. It is a shoulder season for the tourism industry in Zanzibar and there is plenty of good news.
African leaders call for unlocking of Russian grain exports
By AFP
Agence France-Presse is an international news
Agence France-Presse is an international news agency headquartered in Paris, France.
Johannesburg. African leaders involved in peace talks over Ukraine have called for the unlocking of Russian grain and fertiliser exports to revive a
Govt relocation to Dodoma negatively affected NHC, says DG
One of NHC's projects at Kawe Beach, Dar es Salaam that stalled for Seven years.
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Dar es Salaam. National Housing Corporation NHC director general Hamad Abdallah has said that the decision to
PBZ Bank awarded first place at the 47th Dar es Salaam International Trade Fair
President of Zanzibar and Chairman of the Revolutionary Council Dr Hussein Ali Mwinyi hands over an award for the first victory in the service of banking to the Managing Director of PBZ Bank, Dr Muhsin Salim Masoud, during the closing ceremony of the 47th Sabasaba Trade Fair held in Dar es Salaam recently.
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The People’s Bank of Zanzibar Limited (PBZ Bank), established on 30 June, 1966, is the oldest local bank in Tanzania with 57 years of operations.
Stanbic Bank wins Best Investment Bank Award
Elibariki Ndossi the Head, Investment Banking at Stanbic Bank Tanzania
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What does winning the Best Investment Bank award in Tanzania mean
to the Bank and clients?
Elibariki Ndossi - Head, Investment Banking - Stanbic Bank Tanzania: It’s exciting but also rewarding to the efforts across multiple
Why two FCT members struck out appeal on cement firm's merger
art of the Tanga Cement Plc factory in Tanga. PHOTO | FILE
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Dar es Salaam. A majority ruling by the Fair Competition Tribunal (FCT) has struck out an appeal where one company was opposing a merger between two cement firms.
Fuel prices: Why Tanzanians must brace for tougher times
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Dar es Salaam. Tanzanians must be bracing for more pains as several factors point to further increases in prices of petrol and diesel and that
AI has delivered convenience, but is it a game-changer?
Many meaningless buzzwords these days. Here are a few: game-changer, corporate....
Why low completion rate among PhD candidates should worry the State
The deterioration of the quality of education in the country should be a concern to...
Thursday, August 3, 2023
Investors suffer Sh5 billion losses in bond sales
Bond investors recorded net capital losses of Sh5.1 billion when selling their securities in the secondary market on the Nairobi Securities Exchange (NSE) in the
London Distillers hit with Sh332m tax bill
The Kenya Revenue Authority has hit alcohol manufacturer London Distillers Kenya (LDK) with a Sh332 million tax bill that the Treasury had waived during the regime of retired President Uhuru Kenyatta.
Demos cause sharpest drop in trade deals since 2022 poll
Business deals in the private sector last month contracted at the sharpest rate since the
Open university to cut tuition costs by 75pc, says President Ruto
Kenya’s first-ever fully-fledged virtual university will ride on limited operational