TANZANIA, Dar es Salaam: VICE-PRESIDENT, Dr Phillip Mpango has called for
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
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
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
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
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
Summary
· 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
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
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
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
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
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
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
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
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
Thursday, August 3, 2023
London Distillers hit with Sh332m tax bill
London Distillers Company Ltd Chairman Mohan Galot (Right) and Managing Director Avin Galot before the Departmental Committee on Finance and National Planning at Parliament Building Nairobi on August 2, 2023. PHOTO | DENNIS ONSONGO | NMG
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
Police officers walk past a bonfire started by a group of Azimio-led Anti-government protestors along Mlolongo Town link road, Machakos County on July 19, 2023. PHOTO | WILFRED NYANGARESI | NMG
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
President William Ruto gives an award of Charter to the Open University of Kenya at Konza Technopolis on August 3, 2023. Receiving is Prof Chaha Nyaigotti-Chacha, Chairman of the Kenyan Commission for University Education (CUE) as Ezekiel Machogu Cabinet Secretary for the Ministry of Education(first right) and other officials look on. PHOTO | BILLY OGADA | NMG
Kenya’s first-ever fully-fledged virtual university will ride on limited operational