Tuesday, December 12, 2017

How beekeepers can stop deforestation

 

By Gadiosa Lamtey @gadiosa2 glamtey@nationmedia.com

Dar es Salaam. Honey producer Api-Africa Investment Company has embarked upon a project to produce seeds for forage and pollen for bees. All this is in an effort to help rural and urban beekeepers to commercialize and, that way, meet the relatively huge demand for bees products in foreign markets.

By doing this, the company is also targeting to assist the government in its efforts to reduce deforestation that is partly contributed to by charcoal producers who make the traditional cooking fuel from trees that are wantonly felled for the purpose.

Instead of indulging in such destructive activities, households can now undertake activities like producing seeds for forage, and beekeeping for honey and beeswax.

The company’s CEO, Philemon Kiemi, told The Citizen that there are many types of native trees in Tanzania, including acacia and ‘miombo’ trees, which could come useful as opportunities for income-generating exploitation at the household level.

One kilogramme of seeds from these two trees is sold at around Sh10,000, the CEO said, adding that virtually anyone can indeed collect the seeds and sell them to Api-Africa Investment. This is much better than felling trees for charcoal – thus causing more deforestation,” Mr Kiemi said.

Speaking at the climax of the ‘2nd Tanzania Industries Exhibition’ that was staged at the Mwalimu Julius Nyerere Grounds along Kilwa road in Dar es Salaam from December 7th to 11th this year, the company’s CEO stressed that beekeepers can also benefit from the project, especially by closely working with Api-Africa Investment Company which specializes in producing various bees products for sale in the domestic and export markets.

Revealing that the company had managed to collect 500 kilogrammes of miombo tree seeds and 300 kilograms of acacia tree seeds, Mr Kiemi said that this has earned them more than Sh7 million in a mere three months of work.

The company has plans to start a campaign dubbed ‘Planting for Bees’ in Singida region in February next year to sensitize local communities to the benefits of planting trees. The general idea is to “change the area into green for a green economy,” he explained. As a matter of fact, the company already owns 1.5 million assorted trees on their farm at Kisaki village in Singida region… And plan to plant more.

Indeed, if more people – including beekeepers – plant many more trees in their surroundings as a matter of course, Mr Kiemi said, they would be able to harvest high quality products in greater quantities.

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Tuesday, December 12, 2017

Big revenue after Mwanza abattoir upgrade

 

By Geofrey Kimani @thecitizenkim1 news@tz.nationmedia.com

 The Mwanza City Council is upgrading its Nyakato abattoir with a view to producing electricity by using wastes from slaughtered animals in a bid to address power problems and raise its revenues, The Citizen has learnt.

The upgrading exercise seeks to create more space that will result into an increase in the number of animals to be slaughtered at the place and raise revenue by over 2000 per cent, according to environmental officer at Mwanza City, Ms Lydia Nyemo.

“Currently, we earn Sh216 million from slaughtering services but upon completion of the upgrade, the number of slaughtered animals will increase and we are set to extend our market base internationally and thus be able to rake in Sh5 billion worth of revenues,” she told The Citizen.

The City Council’s livestock officer, Mr Onesmo Wilson said that currently, at least 80 goats and 200 cows are slaughtered daily but upon completion of the upgrading exercise, the number is set to increase to 700 cows, 450 goats and sheep under the upgraded abattoir. He says that the current slaughtering fee for Sh2,000 for every cow and Sh1, 500 for goats and sheep. With the ongoing upgrade, the fee for slaughtering a cow will rise to at least Sh10, 000.

The mechanical engineer for the city’s biogas project, Mr Christopher Simwiita told The Citizen that animal waste materials including animal dung, blood, hooves, skin and bones will also be converted to biogas through Effluent Treatment Integrated with Biodigester in the artificial wetland biogas project.

Nyakato abattoir began its operations in 1984. The animal wastes were earlier drained into the Lake Victoria thus polluting the water environment.

An environmental officer at Mwanza City, Ms Lydia Nyemo told The Citizen that the Sh2.9 billion biogas plant which commenced last year (2016) will produce 315 cubic meters of biogas every day.

The biogas will be produced scientifically though the use of treated water that will be obtained from animal waste.

The move coincides with the upgrading of the current abattoir in a bid to improve slaughtering services for more revenue collections.

However, she noted that the upgrading of slaughtering services will increase the current annual revenue from 216 million to 5 billion.

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Tuesday, December 12, 2017

Sumatra seeks to tackle transport woes at Xmas

 

 Bus owners have been invited to apply for temporary transport licences to carry people to various destinations during the festive season.

With a majority of residents in busy cities like Dar es Salaam and Mwanza planning to travel to their places of domicile during the festive season, the main bus terminals become chaotic during that period.

In an apparent gesture to ensure that the situation remains normal during the period, the Surface and Marine Transport Regulatory Authority (Sumatra) announced yesterday that bus operators could apply for temporary licences to ferry people upcountry.

“The move is meant to increase more services especially on routes that normally have high demand for the services during the festive season,” the statement reads.

The statement, signed by Sumatra director general Gilliard Ngewe, noted that for one to be granted a licence, he/she needs to have a valid vehicle registration card; a vehicle inspection certificate from the police force; a motor vehicle insurance cover; a copy of the driver’s license and copy of a valid transportation license from Sumatra.

Meanwhile, the regulator has reminded those who expect to travel during this festival season to arrange their trips earlier so as to avoid the inconveniences that could emanate into challenges of travelling during the festival seasons. Sumatra mission is to regulate the surface and marine transport.

sub sectors for efficient, safe and environmentally friendly transportation services.

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Tuesday, December 12, 2017

Z’bar exports fall by $30m

 

By Alfred Zacharia @TheCitizenTz azacharia@tz.nationmedia.com

 Zanzibar exports have decreased by $36.4 million.

According to a recent Bank of Tanzania monthly economic review, $175.6 million goods and services were exported during the year ending September 2017 from $212 million during the year that ended September 30, 2016.

The review also shows that the decline in export values of cloves and seaweeds – which are major export commodities from Zanzibar – largely contributed to the fall in export earnings.

According to the review, the earnings of cloves exported fell by 56.6 per cent on account of decreases in volume and prices.

The volume of exported cloves dropped to 2,709 tonnes from 6,192 tonnes during the same period.

Clove prices in the world market fell to $7,969.2 per tonne from $8,036.4.

Zanzibar’s clove industry has been crippled by a fast-moving global market and international competition.Zanzibar ranks a distant third with Indonesia supplying 75 per cent of the world’s cloves compared to the Isles’ 7 per cent.

Seaweed export volumes also fell 43.5 per cent in the year ending September 30, 2017.

Zanzibar began seaweed commercial farming in 1989.

The Isles have been exporting the crop to the United States, Denmark, Sweden, the UK and China.

The seaweed ends up getting used in toothpaste, as the food additive carrageenan, in shampoos, cosmetics, medicine and other pharmaceutical products. Zanzibar exports spices and fine raffia.

Export earnings from manufactured goods decreased to $4.9 million from $9.1 million.

However, the share of export earnings from manufactured goods vis-à-vis total export earnings rose by 17.1 per cent from 12.8 per cent.

Earnings from fish and fish products increased to $39,398.1 – up from the $27,907.2, partly on better fishing gear.

Tourism is a major foreign currency earner in the archipelago.

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Tuesday, December 12, 2017

TBL share price up on bullish outlook

 

By The Citizen Reporter @TheCitizenTZ news@tz.nationmedia.com

The price for a share of TBL rose by 2.27 per cent last week as investors maintain a bullish outlook for the beer maker’s performance.

A few weeks ago, the Dar es Salaam Stock Exchange-listed company announced its interim results for the six months ending September 30, 2017, detailing that its volumes grew by 31 per cent on prior year mainly from affordable beer products. At the same time, its revenue grew by 12 per cent to raise its operating profit up by five per cent from Sh138 billion in 2016 to Sh146 billion in 2017 for the same period.

The company has enjoyed massive transactions at the bourse and last week, its share price rose by 2.27 per cent to reach Sh13,500, market data shows.

TBL, along with CRDB Bank and DSE Plc emerged as the most traded equities at the DSE last week, market data shows.

Turnover slowed by Sh300 million to Sh3.7 billion during the week ended in December 8 from Sh4 billion recorded during the week ended in November 30.

However, according to the report, number of traded shares increased to eight million during last week from 7.6 million shares transacted during the last week of last month.

The Dar es Salaam Stock Exchange All Shares Index (DSEI) closed at 2,162.27 points during the end of last week, which was 45.00 points lower than 2,207.27 points recorded during the previous week’s close.

The weekly report has shown that market capitalization also slowed by Sh433 billion to Sh20.8 trillion during the week ended in December 8 this year from Sh21 trillion recorded during the last week of November.

The decrease of market capitalization was a result of fall of share prices including Uchumi Supermarkets (10 per cent), Acacia (10 per cent), KCB (5 per cent) and DCB share price which went down by 1 per cent. According to the report, the market capitalisation for domestic listed companies went up to Sh10.31 trillion during the week ended in December from Sh10.03 trillion recorded during the last week of November.

The investors’ activities during the week experienced the mixed trend as local investors dominated the market on Wednesday and Friday by 100 per cent for both selling and buying sides.

Foreign investors dominated the market on Monday and Wednesday.

, accounting for 99 per cent of equity transactions in both selling and buying.

However, the market was flat on Tuesday last week as both foreign and domestic investors’ participated the market on selling and buying sides with no huge difference.

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Tuesday, December 5, 2017

CRDB ponders scrapping account charges

CRDB managing director Charles Kimei speaks at

CRDB managing director Charles Kimei speaks at a past event. PHOTO|FILE 

By Zephania Ubwani @ubwanizg3 news@tz.nationmedia.com

        Arusha. CRDB Bank is contemplating to scrap monthly charges to service the accounts in order to woo more clients and focus on more profitable charges for account holders.

This was announced here last Thursday by the managing director Charles Kimei during a seminar organized by the bank for entrepreneurs and members of the business community.

He said with the fast expansion of the bank -now the largest in terms of asset size and branch network- the financial institution was seeing no use to continue charging the account holders for the services rendered.

“Such costs can be absorbed in other charges to depositors. Our volume of business is quite large. Charging clients for simply having an account should no longer be our priority”, he pointed out.

He could not reveal when the measure would come into effect during his address to a well attended meeting at Mt. Meru Hotel, only noting that this could be the new order “after some years”.

Dr Kimei informed entrepreneurs and account holders from Arusha and its environs that CRDB Bank was experiencing rising operational costs “due to the structural nature of our banking system”.

He said flexibility was needed in managing loans and cash flow.

However, he said the 21 year old bank remains stable due to diversified base of its clients, with small and medium enteprises (SMEs) accounting for a significant per cent of its deposits and the quantity of its assets. The bank’s current assets base stands at Sh5.4 trillion. It has deposits worth Sh4.1 trillion. It has issued loan to the tune of Sh3.5 trillion.     

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Tuesday, December 5, 2017

Dodoma braces for demolitions

Dodoma petty traders and food vendors collect

Dodoma petty traders and food vendors collect some of their belongings shortly after the Railway Asset Holding Company (Rahco) yesterday demolished hundreds of makeshift business buildings located in the  central railway line reserve area. PHOTO | SHARON SAUWA 

By Valentine Oforo @TheCitizenTZ news@tz.nationmedia.com

Dodoma. Several famous structures, including the Mashujaa grounds and the main bus terminal, are earmarked for demolition here to pave the way for construction of the standard gauge railway line.

The Rahco Public Relations Officer, Ms Catherine Moshi told The Citizen yesterday that plans were underway to demolish the Dodoma’s famous Mashujaa grounds, which, along with other structures, lie within the reserved railway area.

“Indeed, the grounds are located along the reserved area, but we thought it was not patriotic to demolish it, especially due to the presence of the Heroes’ Tower. We have communicated with the municipal authority and gave them enough grace period to relocate it,” she said. She said, considering the historical potential of the grounds to the country, they (Rahco) have decided to give time for the Dodoma Municipality and the regional government to find an alternative place to relocate the grounds.

Similarly, Rahco has also given a grace period to the Municipal Council to find the best place to relocate the main bus stand to.

Already, a number of structures have been demolished during the exercise that started on Saturday involving at least 487 make-shift business structures and 128 houses that were built along the Jamatini Commuter Bus Stand, Sarafina Market and Dodoma Bus Terminal.

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Tuesday, December 5, 2017

Bulk procurement system decreases fertiliser prices

 

By Rosemary Mirondo @mwaikama rmirondo@tz.nationmedia.com

        Dar es Salaam. The Tanzania Fertiliser Regulatory Authority (TFRA) has cautioned government to ensure it sets a proper arrangement for distributors to transport the commodity that will be imported through the newly introduced Bulk Procurement System (BPS) in to avoid price speculations.

TFRA econometrician Ben Nkonya told The Citizen that reduced farm gate prices will be achieved if retailers’ networks and small holder farmers groups are strengthened through the Local Government Authority coordination.

“The translation of bulk procurement system into reduced farm gate prices will only apply when the distribution to wholesale and retail markets is done in bulk,” he stressed.

He said the cost of transporting a 50-kilo fertiliser bag is Sh 40,000 from Dar es Salaam to Rukwa but only Sh130,000 per tonne using a 10-tonne truck.

In view of this, he said that the utilisation of economies of size makes transport cost to be 16 percent of the transportation in small lots.

“Economies of scale have already started applying in Makambako whereby retailers have teamed up to transport 45 tonnes at the rate of Sh2,250 per 50-kilo bag from the Dar es Salaam distributors’ warehouse in bulk compared with the TFRA transport cost of Sh3,559 per 50-kilo bag, which makes it a volume discount of Sh1,309 or 37 per cent,” he said.

“This has significantly reduced the transport cost as compared to each retailer transporting on his or her own. If supported by the government, it may result in very significant farm gate price reduction.”     

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Tuesday, December 5, 2017

Govt set to earn Sh400bn from new cement project

 

Dar es Salaam. The government expects to earn at least $180 million (about Sh400 billion) per year through various tax and non-tax revenue from a Chinese firm finalising plans to set up a cement and electricity generation plant in Tanga, which will be implemented in two phases, The Citizen has learnt.

In phase one, the government will start earning the revenue immediately after the construction of Sinoma and Hengya Cement (T) Ltd that will be completed in 10 years, according to data gathered from the Tanzania Investment Centre (TIC).

“It is estimated that after the completion of phases I & II, the government will earn $180 million per year in various tax and non-tax revenue from the project,” TIC public relations manager Pendo Gondwe told The Citizen in an email interview.

Sinoma and Hengya Cement (T) Ltd is negotiating with relevant government bodies to be granted some incentives, Industry, Trade and Investment minister Charles Mwijage told The Citizen last week.

The company plans to invest $2.35 billion (about Sh5.2 trillion) in 10 years. The money will be injected into the making of cement and production of electricity from coal.

According to the TIC, $1 billion (about Sh2.25 trillion) will be invested in cement production in five years of phase one of the project.

The factory will manufacture seven million tonnes of cement and its amount will be about two times more than the Mtwara-based Dangote Cement plant.

Africa’s richest man Aliko Dangote, invested $500 million in his Mtwara factory, which has an annual capacity of 3 million tonnes.

Currently, Tanzania’s cement production capacity stands at 10.8 million tonnes against the demand of 4.8 million tonnes, according to Mr Mwijage.

The coming of Sinoma and Hengya Cement (T) Ltd will, therefore, bring the capacity to 17.8 million tonnes.

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Tuesday, December 5, 2017

Shilling strengthens further against greenback

 

By Mnaku Mbani @mnaku28 mmbani@tz.nationmedia.com

        Dar es Salaam. The shilling has maintained its strength against the dollar, sending good news to importers. Reports by financial markets indicate that the local currency opened the week strongly.

However, this is a hard moment for exporters as they are fetching less amount than what they were earning a month ago. The Citizen reviews from different local and international forex markets have shown that the shilling gained ground against the dollar, reaching the lowest level in three months last week.

The international foreign exchange market shows that the dollar was exchanged at a mean rate of Sh2,252 in early November, higher than Sh2,237 recorded on Saturday. The Bank of Tanzania quoted dollar buying and selling rates at Sh2221/2244 yesterday respectively, lower than Sh2225/2247 recorded a month ago.

Bureaux de change quoted the dollar at average rates of Sh2,243 and Sh2,255 for buying and selling respectively yesterday, which were lower than 2,245/2,260 recorded in late October this year.

The KCB Bank Tanzania Treasury newsflash released yesterday showed that the shilling opened the new month of December from where it left off last November.

It showed that the commercial banks now quoting the shilling at Sh2240/2247 per dollar, but tipping that the local currency will experience further strengthening towards the year end. The interbank foreign exchange summaries shows that the overnight average rates was Sh2,244 during the end of last month, lower than Sh2248 recorded during the end of October this year.     

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Tuesday, December 5, 2017

Uber taxi operations start to take hold in Dar es Salaam

 

By Gadiosa Lamtey @gadiosa2 glamtey@tz.nationmedia.com

        Dar es Salaam. A passenger transport company, Uber-Tanzania, has managed to boost the income for over 1,000 taxi drivers in the country by providing them with permanent and part-time jobs.

Speaking in Dar es Salaam yesterday, the company’s head of communications for the East African region, Ms Janet Kemboi, told journalists that more than 30,000 Dar es Salaam residents and visitors to the city are currently able to access the taxi transport services that are available through the use of state-of-the-art mobile phone application.

“This business is growing very fast in Dar es Salaam, and we have received a very positive response so far. We project that, in a few years to come, Dar will be like Nairobi in the Uber business. There are already more than 5,000 registered Uber drivers in that Kenyan capital,” she confidently stated.

Noting that Uber taxi “users can access the service anywhere in the world,” Ms Kemboi said that this was how and why “over 60 foreigners have managed to use it while they were in Dar es Salaam.”

Uber-Tanzania is also thinking of establishing its business in other Tanzanian metropolises, including Arusha, after the Dar es Salaam business stabilizes and demonstrates beyond reasonable doubt that it is worth it.

Uber is already doing reasonable well in Kenya and Uganda, where the business is growing rapidly. In fact, “the company is planning to introduce a new food delivery application in Kenya next year,” she said.

The company also looks forward to joining financial institutions, including banks, in efforts to get then to finance through loans the purchasing of cars by prospective ‘Uber’ operators.

“In Kenya we have been quite successful in this, as some 300 Uber drivers have been able to get loans with which they bought cars for Uber services.” The Uber country manager in Tanzania, Alfred Msemo, told The Citizen that Uber transport is safe and secure as users only need a smartphone to ‘hail’ an Uber taxi. In any case, plans are already under way to install the application for persons who do not own an analogue phone.

Mr Msemo also noted that a recent market survey which was conducted by the company recently established that 91 per cent of the drivers who were polled unequivocally stated that the Uber system is helping them to earn more income.

The Uber application is already operating in 80 countries of the world – 11 of them in Africa.     

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Wednesday, November 29, 2017

Improve liquidity, govt counselled

 

By Rosemary Mirondo @mwaikama rmirondo@tz.nationmedia.com

The government has been advised to take immediate steps to ease Tanzania’s monetary policy as a way of improving liquidity in the economy, the Bank of Africa (BOA) Tanzania has said.

The chairperson of BOA Tanzania board of directors, Ms Mwanaidi Maajar, said the financial sector was facing a number of challenges which should be tackled immediately. The She said such challenges had undermined the ability of banks to lend, heightening potential risks on economic growth targets.

She was speaking at the weekend during the commemorate the bank’s tenth anniversary in Tanzania. “The banking industry’s lending trend has been slowly growing on the back of increasing non-performing loans,” she said, calling upon the government to continue pursuing an inclusive growth by easing the monetary policy as a way of improving liquidity in the economy. This comes at a time when the Bank of Tanzania has however reduced the minimum reserve ratio to 8.0 per cent from 10 per cent during the past few months in order to provide liquidity to banks which will in turn expand their lending base and contribute to the growth of credit to the private sector.

Ms Maajar acknowledges the move but hopes that a further untying of the policy would do much good to the economy.

Monetary policy is the process by which the monetary authority of a country, like the central bank or currency board, controls the supply of money, often targeting an inflation rate or interest rate to ensure price stability and general trust in the currency.

Further goals of a monetary policy are usually to contribute to economic growth and stability, to lower unemployment, and to maintain predictable exchange rates with other currencies. Monetary economics provides insight into how to craft an optimal monetary policy. Since the 1970s, monetary policy has generally been formed separately from fiscal policy.

, which refers to taxation, government spending, and associated borrowing.[

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Wednesday, November 29, 2017

AfDB launches drive to generate 25m jobs

 

        Abidjan. The African Development Bank Group (AfDB) has launched the Presidential Youth Advisory Group (PYAG) to provide insights and innovative solutions for job creation for Africa’s youth.

This is in line with the bank’s Jobs for Youth in Africa Strategy, according to AfDB’s Group President Akinwumi Adesina.

The initiative aims at creating 25 million jobs and impacting 50 million youth over the next ten years by equipping them with the right skills to get decent and meaningful jobs. It is currently the largest effort going on for youth employment in Africa.

The advisory group, inaugurated on the sidelines of the 6th EU-Africa Business Forum in Abidjan on Monday, will work with the Bank to create jobs for Africa’s youth.

“This is a huge opportunity for Africa. If we fix the youth unemployment challenge, Africa will gain 10-20 per cent annual growth. That means Africa’s GDP will grow by $500 million per year for the next thirty years. Africa’s per capita income will rise by 55 per cent every year to the year 2050,” he said.

Dr Adesina, who identified Africa’s greatest asset as its youth, observed that out of the 13 million youths that enter the labour market each year, only 3 million (33 per cent of African youth) are in wage employment, while the rest are underemployed or in vulnerable employment.

The annual gap of more than 8 million jobs is going to worsen, with the number of youth expected to double to more than 800 million in the next decades.

“Africa has an unemployment crisis among its youth,” he stressed, noting that unless employment opportunities are created for them, Africa’s rapidly growing population of youths can give rise to serious social, economic, political and security challenges.     

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Wednesday, November 29, 2017

How Tanzania can boost trade volume with Asian countries

 

By Deogratius Kamagi @Deogratiuskamagi dkamagi@tz.nationmedia.com

 Indian High Commissioner to Tanzania Sandeep Arya is calling on Tanzanian companies engaged in agriculture to partner with Asian firms, if the country is to make maximum gains from agriculture.

Mr Arya says there is a high demand for agro-manufactured products in India and neighbouring countries, an opportunity that can be explored by Tanzanian players given the two countries’ healthy relationship.

“Another opportunity is in marketing and Information Technology (IT). So, I encourage local firms to extend their wings to the Middle and Far East countries to explore these opportunities,” he said when speaking at the 13rd Trade Exhibition held at the Mlimani City Hall in Dar es Salaam between from November 24-26, this year.

“So far, there are two Tanzanian companies operating in India…they are doing well in agriculture as well as Information Technology (IT). They are providing potential areas that Tanzanians can explore,” he says, adding: “This way we will be encouraging an improvement in bilateral trade.”

The organisers also expressed optimistism that the exhibition would provide Tanzanian companies with new techniques and skills on how to improve their businesses.

So far, the trade volume between India and Tanzania stands at $2.15 billion, with the former grabbing a larger portion as it has over 200 hundred companies operating in the country. Tanzania, on the other hand, has only three firms in India.

However, the envoy insists that business and trade relations between the two countries have been growing and expanding over the past few years.

Attending the exhibition, the vice chairperson of Tanzania Chamber of Commerce, Industry and Agriculture (TCCIA) Dr Kingu Mtemi acknowledged the efforts, saying it provided the right platform for the two parties to learn from each other.

“The exhibition provides us with an opportunity to learn from our visitors who are ahead of us in international business. They can also explore investment opportunities here such as in oil and gas, agriculture, industries and others,” he said.

For their part, exhibitors lauded the business climate in the country, saying it was attractive and promising for foreign investors. We’ll be happy to come and invest here, given the good business and investment climate,” said Mr Pranay Maurarka, business development manager for Modware Company from India.

India and Tanzania enjoy a vibrant business and commercial relationship. India is a leading trading partner of Tanzania, accounting for 15 per cent of Tanzania’s foreign trade. India is also among top five investment sources in Tanzania. Major companies and brands present or operating in Tanzania with an indian connection include Bank of Baroda, Bank of India, Canara Bank, Tata International Limited, Bharti Airtel and National Mineral Development Corporation, Kamal Group of Industries, Escorts, Ashok Leyland, Eicher and Bajaj.     

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Wednesday, November 29, 2017

Dart Agency plans to increase number of by 117pc

 

By Gadiosa Lamtey @gadiosa2 glamtey@tz.nationmedia.com

The Dar es Salaam Rapid Transport (Dart) Agency plans to raise the number of buses – plying its roads – by 117 per cent in the coming seven months as it seeks to further improve commuting in the city, a senior executive has said.

Dart chief executive officer Ronald Lwakatare said in a statement on Monday that by June next year there will be a total of 305 buses on the Dart infrastructure from the current 140.

He could not divulge whether the buses will be brought by the existing operators – Uda-Rapid Transit (UDA-RT) or another operator.

Currently, according to Mr Lwakatare, a total of 200,000 commuters use Uda-RT’s buses in the city.

“With the new plan, the number of commuters will rise to between 400,000 and 500,000 per day,” he said in a statement on Monday.

The number of routes, plied by the buses will also increase, with plans that residents of Masaki, Sinza, University of Dar es Salaam and other areas will also be directly reached by the services. Currently, buses under the Dart system ply only on Kivukoni-Gerezani-Moroco and Kimara-Mwisho routes.

The Dart infrastructure was built with a loan from the World Bank.

The operator is thus expected pay a fee for operating in the roads and the government uses part of the fee in repaying the borrowed money.

Since the rapid buses started its operation, several countries from Africa including Ethiopia, Malawi, Uganda, Rwanda and Kenya has sent their representatives for the purpose of learning.

Dart Agency says in its website that it aims at having a modern public transport system at reasonable cost to users using high capacity buses that are environmentally friendly, operating on exclusive lanes and run on schedule. Its mission is to provide quality, accessible and affordable mass transport system for the residents of Dar which will subsequently enable poverty reduction improve standard of living lead to sustainable economic growth, and act as a pioneer of private and public investment partnership in public transport.

Its objectives include to increase the level of mobility of majority of residents enhancing their participation in a wide range of activities.     

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Tuesday, November 7, 2017

Airtel calls schools in Kinondoni to make use of Airtel Lab

 

By The Citizen Reporter @TheCitizenTz news@tz.nationmedia.com

Having established a modern ICT through its Airtel Fursa program, the mobile phone company is now appealing to primary and secondary schools to utilize the facility.

The call was made by Airtel Tanzania Project Manager, Ms Jane Matinde, after visiting Kijitonyama Kisiwani Primary school, a visit aimed at introducing the ICT lab to pupils and schools within Kiniondoni Municipal.

The Airtel Fursa Lab is a partnership between Airtel and Dar Teknohama Business incubator – DTBi – designed as life changing program. It equips pupils and teachers with ICT knowledge.

“We have big number of pupils and teachers especially from Kijitonyama Primary School who have joined the ICT studies. The training will go on as usual even during the holidays. This is an opportunity to pupils and teachers and whoever is interested to register for the studies,” said Ms Matinde.

 Earlier, the studies had focused on pupils, students and entrepreneurs but now they have extended the same to teachers within Kinondoni Municipal.

“We are still receiving applicants who want to get skills on ICT management. Pupils, students and anyone who is willing to take part in these studies is encouraged to apply,” she added.

Kijitonyama Kisiwani Primary School second master, Ms Sikudhan Semka, applauded Airtel for visiting the school and said they would make sure that they use the Airtel Lab accordingly.

“We have five computers at the school but not even a single teacher can use them as none has the skills. It is very encouraging to learn that our neighbouring school has the facility that can equip our teachers and pupils with such a knowledge. We will make use of this opportunity,” she ssid.

The ICT Lab Airtel Fursa Manager, Agape Jengela, said they are ready to offer training to any applicant.

Jengela named some of the courses offered as lego Robotics’ – an animation programming for children and 3D designing and printing.

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Tuesday, November 7, 2017

Open account for your children, bank urges parents

 

By The Citizen Reporter @TheCitizenTz news@tz.nationmedia.com

 Azania Bank Limited has introduced for children.

The Watoto Account is aimed at encouraging and enabling parents and guardians to help their children build a savings culture, largely by contributing to the account – and regularly being briefed on what is going on.

Azania Bank managing director Charles Itembe said here yesterday that the account meant a lot as a catalyst in encouraging money saving for future use in the interests of children.

“The ‘Watoto Account serves as additional savings for children. It is an account that has four special periods for withdrawing the money in a year,” Mr Itembe said, adding that the account is bound to be useful to parents.

The bank has designed the account in such a way that it meets requirements of children now and into the future, according to Mr Itembe. The account can be opened by depositing only Sh50,000 – and there is no service charge for operating the account.

“To open the account for the child, a parent is only supposed to produce the child’s birth certificate. When the child turns 18 years old, he/she ‘graduates for processing the account” on his/her own, Mr Itembe stated. He appealed to parents to open accounts for their children to plan for a bright future for them.

“Life in the current situation compels all of us to save for our children part of what we are earning. The bank has introduced the ‘Watoto Account’ to encourage as many parents as possible cultivate the culture of saving for their children.”

The bank has 17 branches countrywide. Six of the branches are located in the Lake Zone; three in the Northern Zone; five in Eastern Zone, and one in Songwe Region.

Plans are afoot to open new branches in Dodoma and Morogoro regions early next year.

Of recent, Azania Bank – operating in close collaboration with social security schemes – started working on President John Magufuli’s call to invest in industries.

Some of the social security funds are the main shareholders in Azania Bank, commanding 98 per cent of the bank’s shares. The East African Development Bank has 1.5 per cent of shares while the remaining are in the hands of some 48 small shareholders.

Social security funds have a combined assets base of over Sh9 trillion.

Bank Limited has introduced a ‘Watoto Account.’

The aim is to encourage and enabling parents and guardians to help their children cultivate the saving culture, largely by contributing to the account – and regularly briefing them on what is going on.

The bank’s managing director (MD), Mr Charles Itembe, said in Dar es Salaam yesterday that the account means a lot as a catalyst in encouraging money saving for future use in the interests of today’s children, who are tomorrow’s adults. “The ‘Watoto Account’ serves as additional savings for children. It is an account that has four special periods for withdrawing the money in a year,” Mr Itembe said, adding that the account is bound to be very useful to parents.

Noting that the bank has designed the account in such a way that it meets all the requirements of children now and well into the future, the MD revealed that the account can be opened by depositing only Sh50,000 – and there is no service charge for operating the account.

“To open the account for the child, a parent is only supposed to produce the child’s birth certificate. When the child turns 18 years of age, he/she ‘graduates for processing the account” on his/her own, Mr Itembe stated. He used the opportunity to appeal to parents all over the country to rush and open accounts for their children, as this is one of the best ways to plan for a bright future for them.

“Life in the current situation compels all of us to save for our kids part of what we are earning. My bank has decided to introduce the ‘Watoto Account’ to encourage as many parents as possible cultivate the culture of saving for their children,” he explained.

Azania Bank has 17 branches scattered countrywide. Six of the branches are located in the lake Zone; three in the Northern Zone; five in Eastern Zone, and one in Songwe Region.

Plans are afoot to open new branches in Dodoma and Morogoro Regions early next year.

The bank not only provides mobile banking services to its customers; it also provides digital services 24 hours a day, where customers do not need to physically go to its banking halls at the branches because of the state-of-the-art technology.

Of recent, Azania Bank – operating in close collaboration with Social Security Schemes in the country – started working on President Magufuli’s ambitious call to invest in industries.

Indeed, some of the social security funds in Tanzania are the main shareholders in Azania Bank, commanding 98 per cent of the bank’s shares. The East African Development Bank has 1.5 per cent shareholding, while the remaining are in the hands of some 48 small shareholders.

Incidentally, current statistics have it that the social security schemes in the country together have a combined assets base worth over Sh9 trillion.

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Tuesday, November 7, 2017

Production of food, cash crops shows improvement in Singida

 

By Valentine Oforo @TheCitizenTz news@tz.nationmedia.com

Production of food crops in Singida Region has gone up with yields climbing from 453,097 tonnes to 481,452 tonnes between 2013/2014 and 2015/2016.

Production of cash crops has also seen an improvement over the same period, marking a climb from 184,006.1 tonnes to 293,878 tonnes.

This was said by deputy minister of Agriculture, Dr Mary Mwanjelwa, in the Parliament early on Tuesday, November 7, 2017.

She was responding to a question from Mr Yahaya Massacre (Manyoni West-CCM) who wanted to know whether there have been efforts to improve production of food and cash crops in Singida.

"There have been various plans by the government to improve food production in the country. To what extent have these interventions, including Kilimo Kwanza, have improved the performance of the crucial sector in Singida?” he asked.

In her response, Dr Mwanjelwa added that the government was formulating strategies to assist farmers across the country.

According to her, the plan included a special plan to sensitize farmers to join groups in order to stand a chance of receiving loans to expand their farming projects.

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Tuesday, November 7, 2017

Dar bourse’s turnover down 80pc

By Alex Malanga @ChiefMalanga amalanga@tz.nationmedia.com

 The Dar es Salaam Stock Exchange (DSE) turnover dropped to Sh3 billion in the week ending November 3, down from the previous week’s Sh20 billion. However, Zan Securities Ltd chief executive officer Raphael Masumbuko is optimistic the market would improve in the near future.

The bourse’s data shows 3.5 million shares were transacted last week from 1.6 million the previous week.

The Tanzania Cigarette Company (TCC) counter accounted for 41 per cent of the market share last week, followed by those of Tanzania Breweries Ltd, CRDB Bank and Vodacom at 27, 16 and 11 per cent respectively.

TCC share prices appreciated by 7.69 per cent to close the week at Sh16,800.0, according to Zan Securities Limited. The Dar es Salaam Stock Exchange Plc share prices appreciated by 1.67 per cent to close at Sh1,220.

KA and JHL share prices sank by 8 per cent while those of CRBD and TBL fell by 5.9 and 5 per cent respectively, dragging down the total market capitalisation by 1.1 per cent to Sh20.2 trillion.

The decrease in share prices for CRDB and TBL also depressed the domestic market capitalisation by 1.1 per cent, closing at Sh10.1 trillion.

“We look forward for the market recovery…high demand in industrial and allied sector attributed to foreign investors may lift prices and volumes,” said Mr Masumbuko told The Citizen.

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Friday, October 27, 2017

TPB, Mwalimu Bank team up to boost service provision

 

By By Alex Malanga @ChiefMalanga amalanga@tz.nationmedia.com

Dar es Salaam. The Dar es Salaam-based Mwalimu Commercial Bank Plc (MCB) has extended its reach to more parts of the country, doing so through a strategic partnership with TPB Bank Plc (TPB).

MCB chief executive officer Ronald Manongi said in Dar es Salaam yesterday that the bank had embarked on a strategic partnership scheme to enable its customers to enhance their business operations through having additional channels for ordinary business activities. The MCB/TPB partnership “is in line with our (MCB) bank’s vision of delivering services to where our customers are located,” Mr Manongi said, adding that “the strategic collaboration is one of many channels that are being considered to enable the bank to implement its strategy aimed at increasing customers’ access to services – and also support the economic growth of the nation.”

The partnership will also ensure customers’ transactions are more secure as automation will eliminate errors originating from manual transactions.

To elaborate, the two banks have created a common platform that connects MCB with all TPB Bank branches across Tanzania. In the event, both facilities have taken all measures needed to ensure a high level of security on their platforms, thereby giving comfort to customers on the safety and confidentiality of their transactions.

For example, Mr Manongi said, when funds were deposited in a TPB account anywhere in the country, the amount was just as soon reflected in the appropriate account as if the customer had actually called at the MCB branch in person. For his part, TPB chief executive officer Sabasaba Moshingi hailed the partnership, averring that his bank’s customers would also benefit from the arrangements.

“Some of our customers carry out their business activities with MCB account holders. This initiative will, therefore, further enhance business activities among account holders of the two banks,” the TPB CEO stated.

‘Confessing’ that he was pleased with the partnership, Moshingi noted that his bank already has a wide operational network across the land.

“Our bank has over 30 full-fledged branches in Tanzania,” he said, adding that “our partnership with MCB will cover all the regions where our branches are located.”

At the end of the day, the two banks’ officials together called upon their customers in particular, and the general public at large, to leverage on the partnership so as to enhance their business activities.

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Friday, October 27, 2017

Halotel TZ’s $800m investment wins international praise

 

By By Alfred Zacharia @TheCitizenTz azacharia@tz.nationmedia.com

Dar es Salaam. Organizers of the International Business Awards (Stevie Awards 2017) have named Viettel Tanzania PLC (Trading as Halotel Tanzania) as the “Fastest Growing Enterprise in the Middle East and Africa”, thanks to its $800 million (about Sh1.7 trillion) investment.

Halotel said in a statement yesterday that the company was named as so during an event that was held in Barcelona, Spain on Tuesday this week. Halotel has operated in Tanzania for two years now during which period, it has registered a number of achievements.

Launched in October 2015, Halotel managed to register about one million subscribers in a period of about three months.

“The figure reached two million within nine months of our operations….This is the fastest customer growth rate among all markets – from Vietnam, the Middle East and up to the entire Sahara and East Africa - where Viettel Group has invested,” the Halotel Tanzania deputy managing director, Mr Nguyen Van Son, said yesterday.

In two years, Halotel now has over 3.5 million customers, ranking the fourth among eight telecoms operators in Tanzania, leapfrogging some of the operators that have existed for a much longer period.

The company boasts itself for building one of the largest telecommunications infrastructure in Tanzania in just nine months, helping it to cover 90 per cent of the country’s population. Michelle Galler, the representative of the Stevie Awards 2017, said: “Since its first appearance, Viettel has always been a company with different products and campaigns. Viettel’s subsidiaries in the African market are thriving. “

The International Business Awards (Stevie Awards) is one of the world’s leading annual awards to honor the achievements and positive contributions of businesses and individuals worldwide to the benefits of the community, including IT and telecommunications. To be honored, candidates undergo a scrutiny of 200 judges who are mostly chief executive officers and world-renowned entrepreneurs. The name “Stevie” comes from a Greek word for ‘Crowned”.

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Friday, October 27, 2017

TBL takes new model to boost growth



BL Group’s managing director Roberto Jarrin

BL Group’s managing director Roberto Jarrin 

By By The Citizen Reporter @TheCitizenTz news@tz.nationmedia.com

Tanzania Breweries Limited (TBL) Group has changed its operational model as it targets to grow its market amid shifting sentiments.

Speaking at the Second Ministerial Dialogue with the Private Sector in Dar es Salaam on Tuesday, the TBL Group’s managing director Roberto Jarrin said the company decided to tilt its model – by paying much attention on affordable brands - so as to align itself to new economic realities.

“With the existing market conditions, the company had previously been growing at the rate of negative 0.3 per cent. We were therefore forced to re-think our operating model and realign it to the realities of the market,” he said during the dialogue.

The dialogue was hosted by the Minister of Finance and Planning, Dr Philip Mpango and his Industry, Trade and Investment counterpart, Mr Charles Mwijage, in Dar es Salaam. It was a follow up to a similar gathering that was held in Dodoma early this year.

Christened “The Sate of Doing Business in Tanzania”, the gathering so participants discussing several issues that seek to improve the business climate in the country.

Mr Jarrin, who doubles as president for AB-inBev (TBL Group’s parent company) in East Africa, said as a result of the change in tack, TBL’s business started to grow by 20 per cent since June this year. “We are optimistic that this growth will continue and we are looking to invest in increased production capacity to cater for this because our plants are currently operating at maximum capacity,” he said.

The growth, he said, was mainly being driving by affordable brands and packs segment which are primarily sorghum based.

“The affordable segment of our market which essentially sources its growth from the informal sector, is price sensitive and for us to invest in a new brewery, we would like to work with the Government of Tanzania to create a stable and predictable excise regime. Increased production volumes will in turn translate into increased revenue collection,” he said.

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Friday, October 27, 2017

Sagcot opens Mbarali cluster today to boost agriculture

 

By The Citizen Reporter

Mbarali. To meet government expectations of transforming a tract equal to the size of Italy into a promising agro-industrial territory, the Southern Agricultural Growth Corridor of Tanzania (Sagcot) today opens Mbarali Cluster in Mbeya, the second in the corridor. Sagcot head of Cluster Development, Ms Maria Ijumba, told reporters yesterday that the launch was expected to be graced by the minister of Agriculture, Dr Charles Tizeba (pictured), at Mkapa Hall in the city. The launch of the second cluster is a triumph of peasants, she declared. “Advanced farming, that primarily benefits peasants, is gaining greater geographical area in the corridor.” (The Citizen Reporter) it is a victory of

peasants and the nation as whole,” she said.

She said an operational area for Sagcot partners is increasing and sequel to this agricultural productivity is going up and peasants are getting more knowledge and experience on commercial farming.

“The logic behind having clusters is to bring together the government and private sector so that the pair line up a common effort to help peasants move from crippling traditional farming to beneficial

commercial farming. (The Citizen Reporter)

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Friday, October 27, 2017

No plan to sell Nakumatt TZ operations to Manji: official

 

By By Alfred Zacharia @TheCitizenTz azacharia@tz.nationmedia.com

The Nakumatt Tanzania saga took a new twist yesterday as the company’s management distanced itself from reported negotiations with tycoon, Yusuf Manji.

On Tuesday, the chairman of hundreds of suppliers, who are owed billions of shillings in arrears by Nakumatt, Mr Joseph Mlay, revealed that Mr Manji was in talks with the giant retailer to take over the business in the country.

A representative of Mr Manji’s Quality Group Limited (QGL), Mr Monish Mohandas, confirmed to The Citizen that there had been talks between the tycoon and the Nakumatt management over a possible buyout for the retailer’s Tanzania operations.

But in an interesting turn of events, the assistant country manager for Nakumatt Supermarket in Tanzania, Mr Alfrick Milimo, said yesterday that there was nothing to that goal.

“I don’t know of such talks. There are no discussions between Nakumatt and Mr Manji…All I know is that as Nakumatt, we have a lot of internal meetings to find a lasting solution to challenges that we are going through,” he told The Citizen.

He said internal meetings centred on how to pay rent and re-open the business at its Mlimani City and Arusha outlets.

“We have no plan to sell the supermarket to anyone because we still have muscles to run the company. We only need to settle our differences with landlords,” he said.

He noted that the retailer was currently struggling to regain trust of its suppliers and landlords due to ongoing financial challenges in the company.

“In fact, rumours of Mr Manji showing interest in buying out Nakumatt are not new. They started two years ago after the closure of Uchumi Supermarket…There was a time Nakumatt wanted to rent in Quality Group’s Quality Centre Mall and that was how all this started. Otherwise, there has been nothing with regard to buyout plans,” he insisted.

In November last year, when Nakumatt Tanzania sold its 51 per cent of the stake to grow capital base, the rumours started to resurface.

“With suppliers losing hope in our operations, they hurriedly thought the company had finally been sold and that is how these things are coming through,” he said.

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Tuesday, September 26, 2017

Japan-backed project to benefit 100 Tanzanian industries

Permanent Secretary in the Ministry of

Permanent Secretary in the Ministry of Industry, Trade and Investment, Dr Adelhem Meru 

By By Gadiosa Lamtey @gadiosa2 glamtey@tz.nationmedia.com

Dar es Salaam. The second phase of a project that seeks to strengthen manufacturing and productivity improvement in Tanzania will benefit a total of 100 industries, initiators have said.

The project – supported by Japan International Cooperation Agency (Jica) through its Kaizen initiative – will cover industries located in five regions in a period of two years, the Permanent Secretary in the Ministry of Industry, Trade and Investment, Dr Adelhem Meru has said.

The Kaizen project intends to add value to industrial production in Tanzania.

“This time around, the project – which ends in 2020 – will cover Arusha, Kilimanjaro, Mwanza, Mbeya and Singida regions,” Dr Meru said during the official launch the Kaizen Project on Tuesday.

Some 52 enterprises from Dar es Salaam, Morogoro and Dodoma have benefited from the project during its first phase.

According to Dr Meru, industries involved are now reporting improved productivity to the extent that others are even exporting their products to other countries.

The first phase of the Kaizen Project was conducted between 2013 and 2016. It aimed at establishing a framework and the right methodology for improving productivity and quality of the products in a manufacturing enterprise.

"Introducing and promoting Kaizen in Tanzania is indispensable for successful industrialization of the country," said the Jica chief representative in Tanzania, Mr Toshio Nagase.

During the second phase, more focus will be on industries that deal in health and agricultural sectors. The word "Kaizen" originally comes from a Japanese language, directly translated as "Change to betterment" and simply refers to a "practice of continuous improvement of quality and productivity".

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Tuesday, September 26, 2017

Solar plant, lab set to simplify learning

 

By By The Citizen Reporter @TheCitizenTz news@tz.nationmedia.com

The Kilimanjaro International Institute for Telecommunications, Electronics and Computers (Kiitec) now has a 30KW solar power plant and solar laboratory at its training centre in Moshono, Arusha.

Launching the solar power plant and solar laboratory at the weekend, Kiitec director of studies Daniel Mtana said the move would foster the institute’s vision of becoming the centre of training excellence for renewable energy, particularly solar photovoltaic systems in East Africa.

“With our commitment to true hands-on experience, Kiitec has now invested heavily in photovoltaic solutions and strives to be recognised as the premier provider of quality technical education in a student-centred community,” he said.

French Ambassador to Tanzania Malika Berak graced the solar power plant and solar laboratory inauguration event at the weekend.

Others in attendance were partners supporting Kiitec for many years, including the Schneider Electric East Africa, the Schneider Electric Foundation, ADEI, EDF Help and the Foundation for Technical Education (FTE).

Schneider Electric East Africa general manager Edouard Heripret said in most sub-Saharan countries, with lower levels of enrolment in formal secondary technical and vocational training and education across the continent, it was sensible for students to have competencies to enter the labour market. He said Schneider Electric was building sustainable communities through energy knowledge and leadership, thanks to the Schneider Electric Foundation. “The aim,” he said, “is to contribute to the development of people and societies through education, innovation, awareness-raising and vocational training related to energy.”

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Tuesday, September 26, 2017

TBL share snap up leads DSE into record turnover

 

By By Alex Malanga @ChiefMalanga amalanga@tz.nationmedia.com

Foreign investors snapped up Tanzania Breweries Limited (TBL) shares last week to send the weekly turnover at the Dar es Salaam Stock Exchange (DSE) to a record performance for the year 2017.

The brewer transacted 2,787,884 shares on pre-arranged basis to contribute Sh37.636 billion on Thursday as investors maintain a bullish outlook for the company’s profitability prospects despite its recently announced drop in annual profit.

That was after foreign investors also snapped up a total of 1,138,720 shares for TBL on both pre-arranged and normal market boards to contribute a cool Sh15.373 billion to Wednesday’s turnover. Data compiled by Zan Securities Limited show that the weekly turnover of Sh53.53 billion for last week was a record performance for the DSE in 2017. It rose from Sh5.46 billion during the week ending September 15, 2017.

Recently TBL Group – which consists of TBL, Tanzania Distilleries Limited (TDL) and Darbrew – announced that its profit shrank by 29 per cent to Sh161.44 billion during the year ending March 31, 2017 compared to a similar period last year.

The company attributed the fall to the government’s recent ban on importation, manufacturing, selling and consumption of alcohol contained in sachets and an overall challenging economic environment.

That notwithstanding, the company accounted for 99 per cent of the total turnover at the DSE last week.

Last week, a total of 4.4 million shares were traded, well above the previous week’s 2 million shares, with TBL accounting for 2.5 million shares. Top gainer during the period was TBL ticker, appreciating in value by 0.75 percent to close off the week at Sh13, 400 per share.

Orbit Securities General manager Simon Juventus said TBL’s good performance was largely contributed by long term buyers in view that the company would in the future perform better.

“Potential buyers who invest in long –term doesn’t not think of today but tomorrow with the hope that business environments will change,” noted Mr Juventus.

Total market capitalization increased 1.45 percent, closing this week at Sh20.5 trillion. Domestic market capitalization increased by 0.29 percent, closing this week at Sh9.67 trillion.

The increase, according to DSE, was significantly contributed by increase in share prices for Kenya Airways, USL and KCB by 20 per cent, 12.5 per cent and 9 per cent respectively.

Domestic market capitalization increased by Sh27 million to Sh9.67 trillion partly due to a 0.75 per cent increase in TBL share price.

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Tuesday, September 19, 2017

Government tells private sector to invest in aviation

 

By By Alex Malanga @ChiefMalanga amalanga@tz.nationmedia.com

The government has called on private sector players to invest in aviation industry in expanding and modernising the sector’s infrastructure.

The call was made on Tuesday, September 19, by the Minister for Works, Transport and Communication, Prof Makame Mbarawa.

He was speaking at the opening of the two-day National Civil Aviation Forum which brought together stakeholders to discuss how to develop the sector.

Prof Mbarawa said the government was in need of investors who would invest in modernisation and expansion of airport infrastructures.

Most of the country's airports demand modernisation and expansion to accommodate more aircrafts, according to Prof Mbarawa.

"We can't do much unless we work together with serious investors from the private sector," he warned.

"I don't need investors who are coming to my office and talk too much but rather those who are action-oriented with interests of taking the country's aviation industry to the next level," he added.

Meanwhile, he said Julius Nyerere International Airport (JNIA) terminal three would be open in September next year.

Once the terminal starts operations, the Dar es Salaam-based airport will be attracting 6.4 million passengers per year compared with 2.5 million attracted by JNIA (terminal two).

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Tuesday, September 19, 2017

Passengers to fly free in Qatar Airways’ new global promo

 

By By The Citizen Reporter @TheCitizenTz news@tz.nationmedia.com

Passengers with Qatar Airways may chance to fly for free if they win in the airline’s new promotional drive, the company has announced.

Dubbed ‘Global Travel Boutique’, the promotion offers passengers from around the world fare deductions on flights in both Economy and Business Class as well as the opportunity to win once-in-a-lifetime Mega prizes which gives them a chance to fly free to any of the airline’s destination for one year, Qatar Airways said in a statement this morning.

Valid from 12 to 19 September, the promotion will offer discounts of up to 35 per cent on fares in both Economy and Business Class, as well as special companion fares and discounted group bookings. Passengers who book from 12 through 19 September will be entered into a draw to win nine chances to fly free for a year to any Qatar Airways destination.

Other prizes include a Platinum Privilege Club Membership, complimentary upgrades to Business Class and a complimentary three-night stay at MarsaMalazThe Pearl Kempinski Hotel in Doha.

The Qatar Airways Chief Commercial Officer, Mr Ehab Amin, said: “We are delighted to offer this spectacular promotion - our biggest commercial promotion to date - following the success of our previous Travel Festival campaigns. Our passengers now have the chance to choose from a variety of incredible packages and discounts on fares in both Economy and Business Class, in addition to the chance to win incredible prizes.”

Daily prizes will include vouchers for upgrades to Business Class; up to 100,000 Qmiles in Business Class and 50,000 in Economy class; an upgrade to Privilege Club Silver and Gold status; free hotel stays in premium hotels in Doha; vouchers for Qatar Duty Free (QDF) and complimentary lounge access at Hamad International Airport.

 

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Tuesday, September 19, 2017

Dar-Chalinze expressway tender to be advertised next month

 

By By Rosemary Mirondo @mwaikama rmirondo@to.nationmedia.com

 The government will announce the tender for the construction of the Dar es Salaam and Chalinze in the Coast Region next month, a cabinet minister has said.

The Minister for Works, Transport and Communication, Prof Makame Mbarawa told participants to the 8th East and Central Africa Roads and Rail Infrastructure Summit 2017 that the government wants to partner with serious investors in the project.

"We will announce the tender for the project next month. We need serious investors to apply for the job,” he said, calling upon delegates to apply when the tender is announced.

He said the government alone cannot fund all of the country’s massive infrastructure needs, calling upon the private sector to support it.

Other mega infrastructure projects on the government’s cards include the second phase of the Dar es Salaam Rapid Bus Transport and the construction of the Standard Gauge Railway line.

According to him, the investor was currently on the ground working on the Dar es Salaam to Morogoro 205 km

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Tuesday, September 12, 2017

Azania Bank boss shows the way to industrialize Tanzania

The chief executive officer for Azania Bank, Mr

The chief executive officer for Azania Bank, Mr Charles Itembe speaks at a past event. PHOTO|FILE 

By By Peter Saramba @petersaramba psaramba@tz.nationmedia.com

A banker has urged the government to invest massively in power supply, technological development and human resources if the country’s industrialization goal is to take shape.

The chief executive officer for Azania Bank, Mr Charles Itembe said industrialization at the weekend that industrialization requires proper infrastructure and improvement in several aspects related to the business climate.

"Sustainable infrastructures such as railways systems and roads must be strengthened to ease transportation of raw materials and finished goods from and to rural and urban areas," Mr Itembe told the bank’s stakeholders in Mwanza at the weekend.

He mentioned other key issues to be addressed by the government as good investment environment through legal and tax systems, price stabilization and domestic market expansion.

His bank, he said, has opened a special window that specifically caters to the needs of the industrial sector, calling for other financial institutions in the country to support industrialization plans.

"The agricultural sector is an important tool for achieving industrialization and we must invest in industries that will consume agricultural raw materials," he added.

For his part, one of the bank’s clients who attended the event, Mr Zephaniah Mugasa, asked the bank to reduce interest rates to its customers, a request which Mr Itembe said will be implemented based on market conditions and interest rates from the Bank of Tanzania.

A prominent Mwanza Businessman Mr Christopher Gachuma asked financial institutions to support industrial development by investing on long-term loans for infrastructure construction companies due to late payment from the government and other public institutions.

The fifth phase of government is implementing industrial policy aiming to take the country to middle income come 2025.

Despite developing economic growth in the production and marketing of industrial products within and outside the country, the policy will also increase and promote employment, especially to youth.

 

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Tuesday, September 12, 2017

Vodacom share price now drop to Sh770

The Finance and Planning Minister, Dr Philip

The Finance and Planning Minister, Dr Philip Mpango rings a bell to signal the Vodacom Tanzania’s listing on the DSE on August 15. Others are Vodacom Tanzania managing director Ian Ferrao (left) and the board chairman for the Capital Markets and Securities Authority, Mr John Mduma. PHOTO|FILE 

By By The Citizen Reporter @TheCitizenTz news@tz.nationmedia.com

A share for Vodacom Tanzania (Voda) has dropped by 9.4 per cent during the past three weeks to send losses to investors who bought the equities during the Initial Public Offering (IPO).

The firm’s share, which went for Sh850 during the IPO period, is now trading at a weighted average price of Sh770 at the Dar es Salaam Stock Exchange (DSE).

This suggests that one - who bought a total of 1,000 shares at a total cost of Sh850,000 during the IPO period and decided to sell them yesterday - may have lost at least Sh80,000 during the period.

Signs that the price for Voda share would go down started to show during the first of the firm’s trading at the DSE on August 15 when the price rose by a mere 5.88 per cent to trade at Sh900.

But analysts are of the view that the situation would change as soon as investors complete analyzing the market trends.

“Currently, investors are still analyzing the market trends. This may take up to two weeks after which, the price may either rise or fall,” the general manager for Orbit Securities, Mr Juventus Simon, said a few weeks ago.

Vodacom became the first company to comply with the Electronic and Postal Communications Act (Epoca) of 2010 - and its various amendments - which required telecommunication firms to offload 25 per cent of their chares to the community via IPOs.

Vodacom this issues what came to be the largest IPO in the history of Tanzania by raising Sh476 billion.  Over 41,000 Tanzanian investors – both retail and institutions - subscribed 60 per cent of the company’s 560 million shares offered and the remaining 40 per cent were all taken by South Africa’s PIC which became the underwriter after the offer was extended the second time.

On Monday, the Voda counter transacted a total of 6470 shares at a weighted average price of Sh770, market data show.

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Tuesday, September 12, 2017

Zuku’s internet services come to Dar

By By Rosemary Mirondo @mwaikama rmirondo@tz.nationmedia.com

Wananchi Group of Companies has launched its fast internet services in Dar es Salaam today.

Known as Zuku Fire, the company’s internet speed will go up to 100Mbps, according to chief executive officer, Thomus Hintze.

Zuku Fire will be distributed via Zuku Fibre, a leading provider of Fiber to the Home (FITH) internet services across in East Africa.

The service, according to Mr Hintze, provides Triple Play packages including internet,
digital television and telephone.

In addition to internet access, it also provides a bouquet of digital television and a telephone line for the home which offers free calls.

"The service is designed to meet customer needs through online content such as short videos, movies though one package,’ he said.

The launch in Dar es Salaam means that the service will now be available in Msasani, Mikocheni, Kawe, Mbezi Beach and Upanga suburbs as well as in other areas across the central business district.

According to Mr Hintze, the service will be rolled out to other regions including Dodoma, Mwanza and Arusha depending on demand.

“Reports show that data consumption in Tanzania is three times higher than in Swaziland and that is why we have come up with the service to make life easier,” he said.

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Thursday, August 17, 2017

Vodacom Tanzania appoints Mufuruki as chairman

 

By The Citizen Reporter @TheCitizenTZ news@tz.nationmedia.com

Dar es Salaam. Vodacom Tanzania PLC has appointed businessman Ali Mufuruki as board chairman with effect from 01 August.

The mobile network operator listed its shares on the Dar es Salaam Stock Exchange on Tuesday after completing the initial public offering (IPO) which was fully subscribed to raise Sh476 billion as planned.

Mr Mufuruki succeeds Mr Vivek Mathur following his recent resignation, the company said in a statement published on Thursday.

Non-executive directors, including the chairman, are appointed in accordance with the company’s articles of association and in line with corporate governance guidelines issued by Capital Markets and Securities Authority (CMSA).

“Mr Mufuruki brings with him a wealth of experience and influence from years of service in and out of the country,” stated Vodacom Tanzania’s chief executive officer Mr Ian Ferrao.

Mr Mufuruki is the founder and CEO of the Infotech Investment Group. “I look forward to facilitating collaborative working relationships with directors, management and other stakeholder groups to deliver on the board’s mandate,” stated Mr Mufuruki.

Vodacom also welcomed three new interim directors from Vodacom Group representing majority shareholders. These include Shameel Joosub (Vodacom Group ceo), Till Streichert (Vodacom Group chief financial officer), and Matimba Mbungela (Vodacom Group Human Resources director).

Directors representing minority shareholders will be appointed during the company’s annual general meeting where the board will be fully re-constituted.

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Wednesday, May 31, 2017

Companies listed on must obey laws: DSE



DSE chief executive Moremi Marwa

DSE chief executive Moremi Marwa 

By Rosemary Mirondo @mwaikama rmirondo@tz.nationmedia.com

Dar es Salaam. Companies listed on the Dar es Salaam Stock Exchange (DSE) have been told to comply with laws and market regulations.

DSE chief executive Moremi Marwa said during the Sustainability Reporting and Compliance Forum here yesterday adherence to continuing listing obligations brings harmony to the stock market.

It also prevents the establishment of a false market of the listed companies.

According to him, true information enables shareholders to appraise

positions of the companies based on their true pictures, which are approved by the bourse.

His comments come hard on the heels of a government report, which accused

Acacia Mining of under-reporting the mineral content in its exports.

The government also vowed to maintain its ban on exports of gold and copper concentrates.

An investigation by President John Magufuli’s committee found that the value of minerals within Acacia’s concentrates in containers at the Dar es Salaam Port was more than 10 times the declared amount

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Wednesday, May 31, 2017

Herders lose heavily for lack of hide plant

By Citizen Reporter @TheCitizenTz news@tz.nationmedia.com

Mpanda. There is huge business opportunity in the processing of hides, most of which are currently discarded due to lack of processing plants.

Livestock dealers in central and western regions are reportedly losing billions of money in the wasted animal products, which they cannot sell.

Mpanda-based livestock dealer Fadhili Makororo has decried the absence of processing facilities for hides, saying he loses between Sh600,000 and Sh800,000 daily in the wasted hides, translating into between Sh18 million and Sh24 million, monthly.

“I averagely slaughter 10 cattle, which produce between 300 and 400 kilogrammes of hides daily,” Mr Makororo said here recently, giving Sh2,000 per kilogramme as the latest prevailing market price for the raw materials.

“Unfortunately, there are no buyers and we are compelled to throw away all the cowhides, losing billions of shillings,” complained the Mpanda-based entrepreneur and beneficiary of the Private Agricultural Sector Support (Pass) guaranteed credit facilities.

Assuming 500 cattle are daily slaughtered in Katavi, it means the region loses between Sh900 million and Sh1.2 billion, monthly.

He says he started with a Sh20 million Pass guaranteed loan from CRDB Bank in 2011 and has increased his business to qualify for the Sh750 million loan last year. “I highly appreciate Pass, which has economically liberated me.” He says before signing for a Pass guarantee, the bank could hardly lend him Sh20 million and his business remained low, employing only six persons. “But, today my business has expanded, with 60 people in my payroll.”

Mr Makororo who buys and fattens cattle for resale and slaughter has expanded his business to 1,000 cattle from the previous animals that ranged between 80 and 100.

Pass Western Zone manager Faustine Mungo, responding to concerns over the hide processing plant, advised entrepreneurs to organise themselves and invest in the facility, which does not cost much. “You can start with a medium facility that goes for about $100,000 (about Sh223 million) but once you have installed it, you will mint money by producing a lot of highly priced leather products,” he said, signaling the trust’s willingness to guarantee the loan should the demand arise.

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Wednesday, May 31, 2017

Private sector needs more EPZs for industrialisation

Export Processing Zones Authority director

Export Processing Zones Authority director general Joseph Simbakalia speaks during the Tanzania Private Sector Foundation’s annual general meeting in Dar es Salaam yesterday. PHOTO | OMARI FUNGO 

By Ludger Kasumuni @TheCitizenTz lkasumuni@tz.nationmedia.com

Dar es Salaam. The private sector has pleaded with the government to create more special economic and export processing zones in an effort to industrialise Tanzania.

Tanzania Private Sector Foundation (TPSF) executive director Godfrey Simbeye said fewer SEZs mean that only a few businesses benefit from tax and non-tax incentives.

He was speaking here during the annual general meeting yesterday.

TPSF members that operate in special economic zones (SEZs) are exempted from paying taxes and other dues for machinery, equipment, heavy duty vehicles, building and construction materials and any other capital goods to be used for developing the SEZ infrastructure.

They are also exempted from paying corporate tax for the first 10 years among others incentives.

“The TPSF chairman [Reginald Mengi] has written a letter to the responsible authority within the government with a view to increase the number of SEZ/Export Processing Zones (EPZs) as a way of helping the growth of the private sector,” said Mr Simbeye.

He said the creation of more SEZs/EPZs is one of the issues that the private sector has forwarded to the government under the public- private partnerships.

“Asian countries like China, India, Malaysia, Indonesia, Singapore and Vietnam have developed due to economic zones… In Africa, countries like Ethiopia, Ghana, Kenya, Rwanda and Uganda have made great strides in building strong industries through this way,” he said.

Meanwhile, TPSF vice chairman Salum Shamte launched the foundation’s report of 2016 on Tanzania’s Political Economic Analysis.

It focuses on how political and economic conditions have favoured powerful political interests at the expense of the private sector development. He said although the country had ample investment opportunities, the business environment gives little chance for businesses to flourish.

He said it was due to the government’s failure to meet its pledges that Dangote Cement had been unable to invest the $600 million as planned.

“If the government were to meet the pledge of providing cheap energy from natural gas, the company would have invested the entire amount as planned,” he said.

Responding to the issues report blames inability of the government to improve further business environment through PPP.

In his remarks, the EPZ Authority (EPZA) director general, Col (rtd) Joseph Simbakalia said the government is currently working on establishing an industrial park in Bagamoyo.

the private sector has forwarded to the government under the public- private partnerships.

“Asian countries like China, India, Malaysia, Indonesia, Singapore and Vietnam have developed due to economic zones… In Africa, countries like Ethiopia, Ghana, Kenya, Rwanda and Uganda have made great strides in building strong industries through this way,” he said.

Meanwhile, TPSF vice chairman Salum Shamte launched the foundation’s report of 2016 on Tanzania’s Political Economic Analysis.

It focuses on how political and economic conditions have favoured powerful political interests at the expense of the private sector development. He said although the country had ample investment opportunities, the business environment gives little chance for businesses to flourish.

He said it was due to the government’s failure to meet its pledges that Dangote Cement had been unable to invest the $600 million as planned.

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Wednesday, May 31, 2017

Twiga dividend drops by 11pc

 

By Gadiosa Lamtey @gadiosa2 glamtey@tz.nationmedia.com

Dar es Salaam. Tanzania Portland Cement Company Limited – which trades as Twiga – has reduced its dividend payout for this year in response to declining sales revenues in the wake of a growing competition among cement makers.

Shareholders will receive a dividend of Sh270 per share from the company’s 2016 proceeds, down from Sh306 which was given out last year from 2015 proceeds, its financial results show.

“Sales volume decreased by Sh10 billion due to pressure on sales…Operating profit dropped by 27 per cent to Sh53.8 billion….the board therefore proposes a dividend for 2016 of Sh270/share compared to Sh306 for the previous year,” Twiga Cement board chairman Alfonso Rodriguez told the company’s annual general meeting here yesterday.

Total revenue dropped from Sh277.2billion in 2015 from Sh287.9billion last year, largely due to pricing pressures, necessitated by increasing competition from new players, according to managing director Alfonso Velez. The company is, however, optimistic that despite the complex business environment and competitive market, it will wither the storm and deliver better return for its shareholders.

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Monday, May 29, 2017

Hope as PM visits site of Sh670bn power project

Prime Minister Kassim Majaliwa speaks to the

Prime Minister Kassim Majaliwa speaks to the Export Processing Zones Authority director general, Colonel (retired) Joseph Simbakalia (right) in Bagamoyo during his recent visit to the Kamal Industrial Estate. PHOTO|THE CITIZEN CORRESPONDENT 

By Citizen Reporter @TheCitizenTz news@tz.nationmedia.com

Dar es Salaam. A city based company, Kamal Group is now looking forward to investing a total of $300 million (about Sh670 billion) into an electricity generation project, The Citizen has learnt.

The optimism comes after Prime Minister, Kassim Majaliwa visited the project site in Bagamoyo last week in which he directed Tanzania Electric Supply Company Limited (Tanesco) to sit down and finalise negotiations with Kamal Power Limited, a subsidiary of Kamal Group.

The Sh670 billion, to be invested into the project, will see Kamal Power producing 225MW of electricity from gas from the Kamal Group’s Industrial Estate in Bagamoyo in the Coast Region.

The project has been delayed due to long-winded negotiations involving Kamal Power Limited and Tanesco.

Recognizing the importance of the project, Mr Majaliwa, accompanied by Industry, Trade and Investment Minister, Mr Charles Mwijage and other senior government officials visited Kamal Industrial Estate on Tuesday last week and directed Tanesco managing director, Dr Tito Mwinuka to swiftly organize a meeting with Kamal Power Limited so they can speedily conclude the negotiations.

“The government is serious with its industrialisation agenda and will not tolerate issues that hinder Tanzania’s industrial take off,” Mr Majaliwa said.

The planned power plant is a joint venture between Kamal Group and India’s Shapoorji Pallonji Group. The two companies will produce 225MW of electricity and sell it to Tanesco under the Power Purchase Agreement that is currently being negotiated.

The project has already received the Environment Clearance and is in advanced stage of development.

Currently, three industries are already producing various products at the Kamal Industrial Park, employing a total of 50 people directly and around 300 people indirectly.

These include the Kamal Acetylene Ltd, the Move Max Refinery and CHICO.

Speaking at the event, the regional commissioner for the Coast Region, Mr Everest Ndikilo said unreliability of power supply was a major challenge facing industries in the region and called upon Tanesco to improve the situation.

In his remarks, Mr Mwijage said Tanzania has a total of 393 large industries out of which, 84 are located in the Coast Region.

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Monday, May 29, 2017

Small-scale traders’ plea on passports

 

By Citizen Reporter @TheCitizenTz news@tz.nationmedia.com

Dar es Salaam. The requirement that one needs to have a passport in order to move outside the country is barring Tanzanian small-scale traders from accessing a wider market under the East African Community (EAC), The Citizen has learnt.

As a result, they are largely confined to Tanzania’s boundaries even as they are legally allowed to sell their products – under domestic terms – to Kenya, Uganda, Rwanda, Burundi and South Sudan under the EAC Common Market arrangement.

Speaking in Dar es Salaam yesterday, the chairman for an association that brings together operators of small businesses and petty traders – popularly known as Vibindo Society – Mr Gaston Kikuwi said as small-scale traders and business owners, they usually find it difficult to go through the bureaucracy of getting required passports.

He asked EAC member states to help them by allowing them to use national identification cards so they can be able to do cross-border trading within the region. Vibindo Society is an umbrella national association that represents over 50,000 small business persons across the country.

“The people of East African have their national identification cards which are acceptable by all countries……this could also be used in cross border trade once a small-scale trader lacks a passport,” he said.

Facilitation of the Small and Medium Scale Enterprises (SMEs) has been given emphasis as one of the vehicles for poverty reduction under Article 80 (1) (c) of the EAC establishment.

In order for majority Tanzanians to participate in the EAC cross border trade, Kikuwi said that the government needs to, among other things, speed up the process of providing the national identification cards.

Apart from identification challenge, Kikuwi mentioned other challenges facing them as little knowledge on how to trade across borders, bureaucracy of some public servants in borders and in check points as well as numerous taxes and levies charged by various organs including regulatory bodies. “The numerous and similar taxes levied on small businesses and traders by Local Government Authorities - from one district to another - coupled with multi-regulatory Authorities such as the Tanzania Food and Drug Authority (TFDA); Tanzania Bureau of Standards (TBS) and Occupational Safety and Health Authority pose a big challenge to cross border trade,” he said.

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Monday, May 29, 2017

TPB Bank, Jubilee sign deal on life insurance

By Majuto Omary @majutoy2k momary@tz.nationmedia.com

Dar es Salaam. TPB Bank has partnered with Jubilee Life Insurance Company Limited to introduce a new service that will enable all of the bank’s account holders to get a Life Insurance scheme.

Known as “Bima Maisha”, the new product seeks to protect and ensure continuity of any of client’s business activity in the event of death due to any cause, permanent disability and critical illness, according to the bank’s director of risk management and compliance, Mr Moses Manyatta.

“With this product, we want to ensure that during any disruption in their daily lives, we are there to lend a helping hand,” Mr Manyatta said.

In the event of death, he said, the bank will ensure the beneficiaries receive Sh5 million, and in the event the account holder has a funeral, the insurance company will give him/her Sh1 million to cater for funeral expenses.

In case he/she gets a permanent disability, the insurance company will give him/her Sh5 million while in the event of any critical illness, a total of Sh4 million will be issued out. According to the Jubilee Life Insurance Company general manager, Mr Kumar Sumit Gaurav, the company will settle all claims within a period of four hours within the time that a valid funeral claim is raised.

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Monday, May 29, 2017

Tabora group seeks Sh300m for honey production expansion

By Citizen Reporter @TheCitizenTz news@tz.nationmedia.com

Tabora. Uyui-based Mbola Millennium Savings and Credits Cooperative Society (Mbola-Saccos) is looking for about Sh300 million to acquire over 1,000 modern beehives for expansion of its honey production project.

The society’s chairperson, Mr Mbaya Kazumba, told a high powered delegation of heads of mission of the European Union in Tanzania recently that the group, with 375 modern beehives, envisages increasing the project through procurement of additional 1,000 facilities.

Mr Kazumba, speaking at Ilolangulu in Uyuyi district, appreciated the Private Agricultural Sector Support (Pass) credit guarantee that enabled the 190-member Saccos to get the bank loan for honey production. “Previously, we used to destroy forests to make beehives whose productivity however was extremely low, each producing an average of five litres of honey,” the chairperson told the 12-person Heads of Mission delegation, adding that with the modern beehives, productivity has increased to between 15 and 20 litres per beehive.

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Monday, May 22, 2017

CRDB plans 14-storey HQ

CRDB managing director, Dr Charles Kimei,

CRDB managing director, Dr Charles Kimei, speaks during the bank’s annual general meeting in Arusha at the weekend. PHOTO | CORRESPONDENT 

By Citizen Reporter @TheCitizenTz news@tz.nationmedia.com

Arusha. CRDB Bank will build a 14-storey headquarters building in Dar es Salaam as the country’s largest lender seeks to further enhance its image.

Currently, the bank operates from six floors of a building that is located along Azikiwe Street in Dar es Salaam.

But the managing director, Dr Charles Kimei, told the bank’s shareholders during the 22nd annual general meeting (AGM) here at the weekend that the bank will soon build a modern building that portrays the true picture of CRDB’s status in the country.

“It will be an iconic building that will portray the bank’s status, as well as its vision and commitment to Tanzania’s economy,” he said, declining to reveal the actual amount to be injected into the project.

During the meeting, held at the Arusha International Conference Centre, shareholders noted with concern that CRDB – being the largest lender which controls 20 per cent of all assets and deposits out of Tanzania’s 58 financial institutions – need the kind of a head office that clearly describes its position in the market.

Some shareholders also proposed the need for lender to strengthen its presence in Dodoma where the government is relocating to.

But in response, Dr Kimei said the bank has already secured a plot close to Palm Beach in Dar es Salaam while in Dodoma, it has also acquired a plot.

“The plot in Dar es Salaam has already been cleared. We want to build a building that truly portrays CRDB’s status in the market,” he said.

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Monday, May 22, 2017

Mwananchi Communications enters top 20 superbrands

By Citizen Reporter @TheCitizenTz news@tz.nationmedia.com

Dar es Salaam. Mwananchi Communications Ltd (MCL) has entered the top 20 of consumer brands in Tanzania for 2017, the survey shows.

The results of Superbrands East Africa were released at the weekend following a comprehensive survey conducted by marketing experts and over 1,000 Tanzanian consumers based in Dar es Salaam, Arusha and Mwanza. According to the statement, new entries into the top 20 positions include Mwananchi Communications, University of Dar es Salaam, Chai Bora and Foma Gold while 10 other brands retained their positions in the list.

The process was managed by a London-based company, The Centre for Brand Analysis. Household and personal hygiene brands, Whitedent and Foma Gold have been voted as Tanzania’s leading Superbrands.

CRDB Bank and Toyota have both entered the top 20, with the former moving up one place to 11th and the latter up a more significant four places to 16th. Stephen Cheliotis, chief executive officer of The Centre for Brand Analysis said; “We continue to see reduced volatility in the Tanzanian market, with an increasing number of new brands entering the top 20 of the Tanzanian brand elite. These top brands are once again led by the impressive Household and Personal Hygiene brand Whitedent while Foma Gold comes second.”

He added: “there was however a big dip in the performance of some brands. The top 20 overall is a balanced blend of global brands such as Toyota and Pepsi as well as local brands such as Kilimanjaro drinking water and Chai Bora. As is evident, it is a mix set of results for these brands, with a considerable amount of volatility highlighting different winners over the period.”

Other brands which made the top 20 list of Tanzanian Consumer Superbrands 2017 include Panadol, ITV, Mlimani City, NMB, Vodacom, Konyagi, Clouds FM, Azam Uhai, M-Pesa, Hedex, Pepsi and Nakumatt.

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Monday, May 22, 2017

UTT, GEPF sign deal on informal sector loans