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Friday, 19 January 2018

RAIS WA JAMHURI YA MUUNGANO WA TANZANIA DKT. JOHN POMBE MAGUFULI AMEKUTANA NA KUFANYA MAZUNGUMZO NA WAFANYAKAZI WA WIZARA YA MAMBO YA NJE NA USHIRIKIANO WA AFRIKA MASHARIKI KATIKA UKUMBI WA KIMATAIFA WA JULIUS NYERERE (JNICC) JIJINI DAR ES SALAAM. JANUARI 19, 2018

Rais wa Jamhuri ya Muungano wa Tanzania Dkt. John Pombe Magufuli akihotubia alipokutana na kufanya mazungumzo na wafanyakazi wa Wizara ya Mambo ya Nje na Ushirikiano wa Afrika Mashariki katika Ukumbi wa Kimataifa wa Julius Nyerere (JNICC) Jijini Dar es Salaam. Januari 19, 2018.
Rais wa Jamhuri ya Muungano wa Tanzania Dkt. John Pombe Magufuli (katikati) akimsikiliza Waziri wa Mambo ya Nje na Ushirikiano wa Afrika Mashariki Balozi Dkt. Austin Mahiga. Wengine ni Dkt. Suzan Kolimba (wakwanza kushoto), Naibu Waziri wa Mambo ya Nje, Profesa Makame Mbarawa (wa pili kutoka kushoto) wakati wa mazungumzo na Watumishi wa Wizara ya Mambo ya Nje na Ushirikiano wa Afrika Mashariki katika Ukumbi wa Kimataifa Wa Julius Nyerere (JNICC) Jijini Dar Es Salaam. Januari 19, 2018.
Rais wa Jamhuri ya Muungano wa Tanzania Dkt. John Pombe Magufuli akimsikiliza Mkurugenzi wa Ushirikiano wa Kimataifa Balozi Selestine Mushi alipokutana na watumishi wa Wizara ya Mambo ya Nje na Ushirikiano wa Afrika Mashariki katika Ukumbi wa Kimataifa wa Julius Nyerere (JNICC) Jijini Dar es Salaam. Januari 19, 2018.
Rais wa Jamhuri ya Muungano wa Tanzania Dkt. John Pombe Magufuli akifurahia jambo na Waziri wa Mambo ya Nje na Ushirikiano wa Afrika Mashariki Balozi Dkt. Agustine Mahiga alipokutana na kufanya mazungumzo na watumishi wa Wizara ya Mambo ya Nje na Ushirikiano wa Afrika Mashariki katika Ukumbi wa Kimataifa wa Julius Nyerere (JNICC) Jijini Dar es Salaam. Januari 19, 2018. 

BOFYA HAPA KWA PICHA ZAIDI

TANZANIA YAWA MWENYEJI WA MKUTANO WA PILI WA INDIA - AFRIKA

Waziri wa Mambo ya Nje na Ushirikiano wa Afrika Mashariki, Mhe. Balozi Dkt. Augustine Mahiga akitoa hotuba ya ufunguzi katika Mkutano wa pili wa India - Afrika uliofanyika katika ofisi za ubalozi wa India nchini Jijini Dar es Salaa tarehe 18 Januari 2017.

Mkutano huo wa siku mbili unatarajiwa kumalizika tarehe 19 Januari 2018 ambapo umewakutanisha wajumbe kutoka serikali ya India, wajumbe wa nchi wanachama wa Afrika Mashariki (EAC) na wa Jumuiya ya Maendeleo Kusini mwa Afrika(SADC) kwa lengo la kujadili masuala ya ushirikiano pamoja na kubuni maeneo mapya ya ushirikiano kwa manufaa ya wananchi wa India na wa jumuiya hizo.
Balozi wa India nchini, Mhe. Sandeep Arya akihutubia ambapo alieleza pamoja na kujadili masuala ya ushirikiano Serikali ya India itatumia fursa ya Mkutano huo kukusanya maoni, taarifa na mapendekezo yatakayotolewa na wadau hususan katika masuala ya ulinzi, amani na maendeleo ili kila Taifa liweze kufikia malengo ya kitaifa na kuboresha maisha ya wananchi wake.
Waziri Mkuu Mstaafu, Dr. Salim Ahmed Salim akihutubia katika Mkutano huo ambapo alieleza kuwa India ni mfano wa Taifa kubwa linaloendeshwa kidemokrasia licha ya kuwa na idadi kubwa ya watu na hivyo akasisitiza ni muhimu kwa nchi za Jumuiya ya Afrika Mashariki na zile za Jumuiya ya Maendeleo kusini mwa Afrika zikafata mfano huo ili ziweze kuruhusu shughuli za maendeleo kufanyika kwa amani na kuwaletea wananchi maendeleo.
BOFYA HAPA KWA PICHA ZAIDI

UZINDUZI WA MBIO ZA 21KM TIGO KILIMANJARO MARATHONI MOSHI MJINI JANA

Kaimu Mkurugenzi wa Kampuni ya Mawasiliano ya simu za Mkononi ya Tigo kanda ya Kaskazini, Henry Kinabo akizungumza wakati wa uzinduzi wa Msimu wa 16 wa Mbio za Kimataifa za Kilimanjaro Premium Lager Marathon 2018. Uzinduzi huo ulifanyika katika Hoteli ya Kibo Palace Homes mini Moshi. Mashindano ambayo Kampuni ya Tigo inadhamini Mbio za Nusu Marathon, Km 21.
Baadhi ya Wafanyakazi wa Kampuni ya Mawasiliano ya Tigo wakijadiliana jambo wakati wa uzinduzi wa Mbio hizo ambazo hufanyika kila mwaka mjini Moshi, Mkoani Kilimanjaro.
Baadhi ya wageni waliofika wakati wa uzinduzi wa Mbio hizo ambazo hufanyika kila mwaka mjini Moshi, Mkoani Kilimanjaro.
Mgeni rasmi katika Uzinduzi wa Msimu wa 16 wa Mbio za Kimataifa za Kilimanjaro Premium Lager Marathon 2018 ambaye pia ni Mkuu wa Mkoa wa Kilimanjaro, Anna Mghwira (Mwenye kofia) akiwa ameketi na Wawakilishi wa Kampuni zinazodhamini Mbio hizo, Tigo na TBL pamoja na viongozi wa Chama cha riadha mkoa wa Kilimanjaro, Jeshi la Polisi na Chuo Kikuu cha Ushirika, Moshi.
Mgeni rasmi katika Uzinduzi wa Msimu wa 16 wa Mbio za Kimataifa za Kilimanjaro Premium Lager Marathon 2018 ambaye pia ni Mkuu wa Mkoa wa Kilimanjaro, Anna Mghwira (Mwenye kofia) akikata utepe kuashiria uzinduzi rasmi wa mbio hizo huku Wadhamini wa Mbio hizo Kampuni ya Tigo (Km 21) na TBL (km 42 ) wakishuhudia.

RAIS MAGUFULI AWATAKA MABALOZI WASIOFANYA KAZI KUJITATHMINI

WATEJA WA AIRTELMONEY KUFAIDIKA NA GAWIO

BANK ZERO WINS BANKING LICENCE

Michael Jordaan, Yatin Narsai to launch new app driven bank.


Bank Zero, a new play by Michael Jordaan and Yatin Narsai, is the latest banking venture to receive a provisional licence from the South African Reserve Bank (Sarb).

The 45% black-owned bank, due to launch in the fourth quarter, will be app driven and operate under a mutual bank licence. “The mutual banking concept mirrors current social media trends and benefits customers by allowing for the support and creation of financial communities. It also provides for a capital-efficient framework, and Bank Zero will be sharing the subsequent cost benefits with its customers (both businesses and individuals),” Bank Zero said in a statement.

According to Jordaan, the bank’s offerings will be in line with modern day realities. “Facebook, WhatsApp, Twitter and Instagram are the new normal for societies. Why shouldn’t banks also innovate in this era of wider connectedness whilst still ensuring a robust banking value proposition? Bank Zero is addressing these realities, while employing cutting-edge technologies, minimising typical admin-intensive processes and delivering state-of-the-art security.”

TPDC PRESS RELEASE: TRANSFER OF SHARES BY PANAFRICAN ENERGY CORPORATION TO SWALA OIL AND GAS TANZANIA PLC

INVITATION TO ATTEND KOREA TANZANIA BUSINESS FORUM IN SEOUL, SOUTH KOREA, 31 JANUARY 2018

PRUDENTIAL CAPITAL MARKET UPDATE AS AT 19 JAN. 2018

IMPLEMENTATION OF INFRASTRUCTURAL PROJECTS 'ON COURSE’

Minister for Works, Transport and Communication, Prof Makame Mbarawa.
Dodoma - Infrastructural development projects worth 70bn/- are being carried out monthly in the country, the Parliamentary Infrastructure Development Committee was told here, yesterday.

Briefing journalists after the Minister for Works, Transport and Communication, Prof Makame Mbarawa presented a report before the Committee on the implementation of various functions of Contractors Registration Board (CRB) and the Engineers Registration Board (ERB), the Committee Chairman, Prof Norman Sigala, said claims amounting to 70bn/- are submitted to the government every month for clearance.

“The Committee has been told that the government was receiving certificate of clearance from contractors who have implemented various projects and payment claims amounting to 70bn/- monthly,” he said, adding that the good thing was that most of the outstanding debts are being cleared by the government.

“It is worth noting that the government has managed to clear a huge amount of outstanding debts it owes contractors,” he said.

He added that when the fifth phase government came to power, the outstanding debt stood at 1.268tr/- and after verification, the government had settled most of the outstanding arrears to contractors by June 2016.

STATE AVERTS CLOSURE OF BEVERAGE FIRMS, OKAYS SUGAR CLEARANCE


The threat of factories’ closure has been averted, thanks to the government resolve to okay clearance of consignments of industrial sugar at the Dar es Salaam Port.

However, the government has given conditions to soft and carbonated drink manufacturers to ensure that they only clear consignments of industrial sugar according to their respective production demands.

According to the Chairman of Parliamentary Standing Committee on Industry, Trade and Environment, Mr Sadick Murad, the agreement was reached after a lengthy discussion which involved several ministers.

They included the Chief Whip who is also the Minister of State in the Prime Minister’s Office, Policy, Parliamentary Affairs, Labour, Employment, Youth and the Disabled, Ms Jenister Mhagama, Minister for Industry, Trade and Investments, Charles Mwijage and Minister for Finance and Planning, Dr Phillip Mpango.

Mr Murad said it was discovered by his committee that most of the manufacturers who were facing possible suspension of production due to failure to get permit to clear the stalled sugar imports, had not applied for requisite verification from the government, on the amount of industrial sugar they validly required to import in accordance with their production capacity.

STINKING, VAGUE MLIMANI CITY CONTRACT IRKS PAC


It is now in the public domain that the land lease agreement and performance contract signed between the University of Dar es Salaam (UDSM) and Mlimani Holdings Limited is vague and stinking.

UDSM management admitted yesterday before the Parliamentary Public Accounts Committee (PAC) that the contract needs to be reviewed. In the same vein, PAC said it will summon UDSM officials who in 2004 signed that contract to appear before the Committee to give convincing reasons as to why they signed it.

Although neither did the university’s administration nor the parliamentarians reveal the names of the administrators who put pen to paper back then fourteen years ago, documents obtained by the ‘Daily News’ revealed that the contract was signed by the then UDSM Vice-Chancellor (VC), Prof Mathew Luhanga and the then Chief Administrative Officer, Prof John Mshana.

Yesterday, the UDSM management led by the Acting Chairman of the University’s Council, Prof Nicholaus Kuhanga and the VC Prof William Anangisye, was subjected to a comprehensive grilling by PAC for the better part of the day, to give responses on various issues in regard to that contract.

AFRICAN ECONOMIC OUTLOOK 2018 - THE FULL REPORT

AFRICAN ECONOMIC OUTLOOK 2018 LAUNCHED

The African Development Bank launched the 2018 edition of its yearly flagship report, the African Economic Outlook (AEO), on Wednesday, January 17, 2018 at its headquarters in Abidjan. As a leading African institution, the Bank is the first to provide headline numbers on Africa’s macroeconomic performance and outlook.

The African Economic Outlook bridges a critical knowledge gap on the diverse socio-economic realities of African economies through regular, rigorous, and comparative analysis. It provides short-to-medium term forecasts on the evolution of key macroeconomic indicators for all 54 regional member countries, as well as analysis on the state of socio-economic challenges and progress made in each country.

It presents the African Development Bank staff economists’ analyses of African economic development during the previous year and near term. It has become the main flagship report for the African Development Bank, as well as reference material for those interested in Africa’s development, including researchers, investors, civil society organizations, and development partners.

The January release will provide a rigorous and comprehensive analysis of the state of African economy, country profiles with key recent developments and prospects for each country, while a set of Regional Economic Outlooks for Africa’s five sub regions will be soon. These self-contained, independent reports, will focus on priority areas of concern for each sub region and provide analysis of the economic and social landscape.

In addition to the main AEO report, there will be issues of pressing current interest. Also for the first time this year, the Bank’s country economists will prepare shorter Regional Economic reports to be released in late January. As before, a full set of updated growth projections will be released in May for the Annual Meetings.


2018 AFRICAN ECONOMIC OUTLOOK: AFRICAN DEVELOPMENT BANK MAKES A COMPELLING CASE FOR AFRICA'S INDUSTRIALIZATION


The President of the African Development Bank, Akinwumi Adesina, has made a compelling case for accelerating Africa’s industrialization in order to create jobs, reduce poverty and promote inclusive economic growth. 
Citing data from the Bank’s 2018 African Economic Outlook launched in Abidjan, Côte d’Ivoire, on Wednesday, Adesina said infrastructure projects were among the most profitable investments any society can make as they “significantly contribute to, propel, and sustain a country’s economic growth. Infrastructure, when well managed, provides the financial resources to do everything else.” 
Noting that economic diversification is key to resolving many of the continent’s difficulties, he urged African governments to encourage a shift toward labour-intensive industries, especially in rural areas where 70 percent of the continent’s population resides. 
“Agriculture must be at the forefront of Africa’s industrialization,” he said, adding that integrated power and adequate transport infrastructure would facilitate economic integration, support agricultural value chain development and economies of scale which drive industrialization. 
He reminded the audience of policy-makers and members of the diplomatic corps in Côte d’Ivoire that economic diversification via industrialization with tangible investment in human capital will enable the continent’s rapidly growing youth population to successfully transition to productive technology-based sectors. 

Thursday, 18 January 2018

REAL ESTATE INVESTMENT - OVERCOMING BARRIERS TO SUCCESSFUL PERSONAL INVESTMENT


By Dr. Fred Msemwa


Last week we identified barriers that may prevent someone from attaining successful personal investments. Some of the barriers identified included investors’ emotions that tend to drive investment decisions. Sometimes emotions can include fear and even greed which push someone to make irrational and detrimental decisions.

From the discussion, it was also evident that lack of general knowledge on the area that someone wants to invest in can also contribute in retarding the speed at which one attains the desired level of success in the chosen area of investment.

As we went ahead with the discussion, we further noted existence of some socialcultural aspects within our society that can also contribute to put off some prospective investors in pursuing their objectives while at the same time attempting to align to the social demand of the people surrounding them.

It is also important to appreciate that in the last week article, only few barriers were identified as in practice there could be more barriers than those we were able to identify. Likewise, barriers identified may not apply to all investors and in fact some of them may not apply to some investors at all.


PRUDENTIAL CAPITAL MARKET UPDATE AS AT 18 JAN. 2018

KIPINDI MAALUM CHA RAIS DKT. JOHN MAGUFULI KUHUSU ELIMU BURE


Rais wa Jamhuri ya Muungano wa Tanzania Mhe. Dkt. John Pombe Magufuli ameagiza kuchukuliwa hatua dhidi ya viongozi na watendaji ambao shule za msingi na sekondari zilizopo katika maeneo yao zinawatoza wanafunzi michango mbalimbali kinyume na muongozo uliotolewa na Serikali wa utoaji wa elimu bila malipo. 


Mhe. Rais Magufuli ametoa maagizo hayo leo asubuhi tarehe 17 Januari, 2018 Ikulu Jijini Dar es Salaam alipokutana na kufanya mazungumzo na Waziri wa Elimu, Sayansi na Teknolojia Prof. Joyce Lazaro Ndalichako na Waziri wa Nchi, Ofisi ya Rais, Tawala za Mikoa na Serikali za Mitaa (TAMISEMI) Mhe. Selemani Said Jafo. 

Mhe. Rais Magufuli amesema Serikali inatoa Shilingi Bilioni 23.875 kila mwezi kwa ajili ya kuwezesha utoaji wa elimu bila malipo lakini inashangaza kuona bado kuna walimu wanaendelea kuwatoza michango ama kuwarudisha nyumbani wanafunzi ambao wanashindwa kutoa michango hiyo. 

ETHIOPIAN AIRLINES INKS DEAL WITH ZAMBIA TO REVIVE NATIONAL CARRIER

An Ethiopian Airlines Dreamliner at Jomo Kenyatta International Airport, Nairobi. The airline has acquired a 45 per cent stake in Zambia Airways.
Ethiopian Airlines has acquired a 45 per cent stake in Zambia Airways that is set to be re-launched after more than two decades.

Africa's most profitable airline said Tuesday it has finalised a shareholders agreement with Zambia in line with its vision of setting up multiple hubs in southern and central Africa and the Horn.

READ: Ethiopian carrier flies high, doubling profits

ALSO READ: Ethiopian Airlines flies alone, taking all the cash

Under the pact, the Zambian government will be the majority shareholder with a 55 per cent stake.

“The [re-]launching of Zambia Airways will enable the travelling public in Zambia and the southern African region to enjoy greater connectivity options, thereby facilitating the flow of investment, trade and tourism, and contributing to the socio-economic growth of the country and the region,” said Mr Tewolde Gebremariam, the CEO of Ethiopian Airlines Group.

AFRICAN AIRLINES TO LAND INTO DEEPER LOSSES IN 2018

Planes at Kigali International airport. Many African airlines have been struggling to make profit.
The aviation industry in Africa is projected to continue making losses this year, largely due to the failure by governments to open up skies for competition.

The International Air Transport Association (IATA) says that while globally the aviation industry is expected to make significant profits, in Africa the industry will post a cumulative loss of $100 million, after posting a collective net loss of $100 million in 2017.

IATA attributes the losses to the failure by governments to liberalise the continent’s airspace, slow economic recovery and high operating costs.

The association which brings together the world’s airlines contends that while economic growth in Africa is expected to rebound — which will push demand for air transport to eight per cent — most airlines will continue making losses.

Despite the projected growth in traffic, most of the continent’s carriers fly at 70 per cent capacity against an 80 per cent industry average.

“Stronger economic growth will help in 2018, but governments need a concerted effort to further liberalise to promote growth of intra-Africa connectivity,” says IATA in its Industry Economic Performance 2017 report.

KENYA'S PATRICK NJOROGE NAMED AFRICA'S CENTRAL BANKER OF THE YEAR

Central Bank of Kenya governor Patrick Njoroge has been feted for his role in cleaning up Kenya’s financial sector.
The Central Bank of Kenya (CBK) governor Patrick Njoroge has been named the 2018 Central Banker of the Year in Africa by an international UK-based publication.

The Banker Magazine, a publication by the Financial Times Group, which also owns The Financial Times, recognised Dr Njoroge for his role in cleaning up Kenya’s financial sector.

This is the third international award accorded to Dr Njoroge since he took over leadership of the CBK in July 2015.

“Since being appointed as central bank governor in July 2015, he has acted swiftly to clean up the country’s banking sector, improve supervision and guidance measures, and spearhead efforts to position Kenya as a hub for green finance,” the magazine said.

“Monetary policy has remained stable and effective since late 2016 and inflation has generally remained within or close to the banks’ target range,” it added.

Banker Magazine said Dr Njoroge’s prudence and long-term vision for Kenya’s economy and banking sector ensured that he scooped the award.

ETHIOPIA TO REGISTER HIGHEST GROWTH IN THE REGION

Workers at a textile factory in Addis Ababa, Ethiopia. High commodities prices will spur economic growth in region.
Growth in sub-Saharan Africa is expected to accelerate to 3.2 per cent this year from 2.4 per cent in 2017.

But the forecast for faster growth will depend on a firming up of commodity prices and reforms.

According to the latest Global Economic Prospects (GEP) report released by the World Bank last week, growth in the region is estimated to have rebounded to 2.4 per cent last year, after slowing sharply to 1.3 per cent in 2016.

“However, despite the pickup, growth will remain below the rates seen prior to the global financial crisis, partly reflecting the struggle faced by the region’s larger economies to boost private investment,” the report says.

In the region, the economic is expected to expand at a solid pace, helped by robust investment growth. Ethiopia is expected to have the highest growth of 8.2 per cent followed by Tanzania at 6.8 per cent; Rwanda at 5.9 per cent, Kenya at 5.5 per cent and Uganda at 5.1 per cent as inflation eases.

VOLKSWAGEN PLANT TO OPEN IN KIGALI, JUNE 2018

Volkswagen production line at the Kenya Vehicles Manufactures (KVM), Thika, on December 21, 2016.
Rwanda's hopes of having its first vehicle assembling plant will be boosted when German carmaker Volkswagen opens its plant in Kigali by June this year.

“We are looking at opening in the first half of the year. Volkswagen South Africa is continuing with its plans to introduce an integrated mobility strategy for Rwanda that includes an assembly operation. Details will be announced within the next few weeks,” Stefan Mecha, director of sales and marketing at Volkswagen SA, told Rwanda Today.

He said the plant will be located at the Special Economic Zone in Kigali, and will focus on producing at least 1,000 vehicles in its first year of operation.

The plant will primarily assemble a new model of Volkswagen called “Think Blue,” which is said to be environmentally friendly and the electric versions of its VW Golf model.


Last year in September, Thomas Schafer, the chief executive of Volkswagen SA, said the company plans to double production of assembled vehicles annually once the plant is up and running.

Wednesday, 17 January 2018

INDUSTRIAL SUGAR CRISIS DEEPENS


. . . Bunge committee orders fast-track clearance of stalled consignments

Parliamentary Industry, Trade and Environment Committee has issued a directive to the government to fast-track clearance of stalled industrial sugar at the Dar es Salaam Port, to avert a looming crisis of shutting down factories.

Responding to a concern contained in the Confederation of Tanzania Industries (CTI) report, the Committee Chairman, Mr Sadick Murad, said his committee has ordered three ministries - Ministry of Industry, Trade and Investment; Ministry of Agriculture and of Finance and Planning to provide a quick solutionto the problem by today.

Briefing journalists after a heated debate, Mr Murad said CTI Chairman, Dr Samwel Nyantahe raised a red flag on the critical shortage of industrial sugar in the market, because the manufacturers have failed to get permits to clear consignments of refined industrial sugar currently stalled at the Dar es Salaam Port.

He said the stock of industrial sugar - the key raw material used in the production in some of the firms can only last for a week.

SEVEN 'FUEL THIEVES' FACE THE MUSIC, APPEAR IN COURT


Seven people, including former staff of the Tanzania Zambia (TAZAMA) Oil Pipeline Company, Samwel Nyakirang’ani (63), allegedly linked to the theft of fuel destined for the Tanzania Ports Authority (TPA), appeared before a Dar es Salaam Court yesterday, facing three counts.

Other accused persons at the Kisutu Resident Magistrate’s Court in the city were Nyangi Mentaro, a teacher at Ufukoni Primary School; Farijia Ahmed, a businesswoman; Malaki Mathias, a businessman; Kristomsi Angelusi, a businessman; Pamfili Nkoronko, a masson and Henry Fredrick, a businessman.

Before Principal Resident Magistrate Thomas Simba, the accused were not allowed to enter plea to the charges of “unlawful connection of fuelpipeline and damaging property which is used for the purpose of providing a necessary service.

” This is because they have been charged under the Eco-nomic and Organised Crime Control Act. The Magistrate ordered the accused to be remanded in custody because the Director of Public Prosecutions (DPP) has filed a certificate to deny them bail on grounds of public interest.

PRESIDENT JOHN MAGUFULI WELCOMES SIX ENVOYS TO DAR, UNDERPINS ECONOMIC DIPLOMACY

President John Magufuli shares a light moment with Mr. Robert Sirotka (right) shortly after his wife, who is the newly appointed Australian Ambassador to Tanzania, Ms. Alison Chartres (centre), presented her credentials  at State House in Dar es Salaam yesterday.
President John Magufuli has received diplomatic credentials from six foreign envoys who were recently posted to represent their nations in Tanzania, stressing on the need to promote economic diplomacy between Dar es Salaam and the countries they represent.

According to a press statement issued by the Directorate of Presidential Communications in Dar es Salaam yesterday, the emissaries included the Nigerian High Commissioner Sahabu Isah Gada, Polish Ambassador Krzysztof Buzalski in addition to Turkish Ambassador Ali Davutoglu.

The list also included the Ambassadors from French and Israel, namely Frederic Clavier and Noah Gal Gendler, respectively, as well as Australian High Commissioner Alison Chartres.

In an address after he received the credential letters, President Magufuli congratulated the ambassadors for their appointments, reiterating on the other hand that Tanzania would continue cementing the cordial cooperation it enjoys with their respective countries.

CURRENT VACANCIES AT THE AFRICAN DEVELOPMENT BANK




LAUNCH OF THE AFRICAN DEVELOPMENT BANK'S 2018 FLAGSHIP AFRICAN ECONOMIC OUTLOOK REPORT


The African Economic Outlook bridges a critical knowledge gap on the diverse socio-economic realities of African economies through regular, rigorous, and comparative analysis
ABIDJAN, Ivory Coast, January 17, 2018/ -- The launch of the African Development Bank’s (www.AfDB.org) 2018 flagship African Economic Outlook (AEO) report, the first to ever be released in January of a calendar year and at the Bank’s Headquarters in Abidjan will be streamed live on Facebook as follows –

Englishhttp://APO.af/pDeGXQ

The African Economic Outlook bridges a critical knowledge gap on the diverse socio-economic realities of African economies through regular, rigorous, and comparative analysis. It provides short-to-medium term forecasts on the evolution of key macroeconomic indicators for all 54 regional member countries, as well as analysis on the state of socio-economic challenges and progress made in each country. It represents African Development Bank staff economists’ analyses of African economic development during the previous year and near term. It has become the main flagship report for the African Development Bank, as well as reference material for policy makers, researchers, investors, key private sector players, civil society organizations, development partners, and many others interested in Africa’s development.

VACANCY ANNOUNCEMENTS AT TIB DEVELOPMENT BANK

PRUDENTIAL CAPITAL MARKET UPDATE AS AT 17 JAN. 2018

ALL SET FOR AMBITIOUS SGR SECOND PHASE TO TICK


Plans are afoot to officially launch the 1.923 billion US dollar (over 4tri/-) construction of the 336-kilometre Standard Gauge Railway (SGR) from Morogoro to Dodoma.

The groundbreaking ceremony to lay a foundation stone that signals the kicking off of the second phase of the SGR project is scheduled at Makutupora area in the country’s capital, Dodoma, according to Reli Assets Holding Company (RAHCO).

The second phase of the country’s ambitious project comes barely nine months after President John Magufuli launched the first phase of theSGR, which according to RAHCO Acting Managing Director, Masanja Kadogosa, is progressing well. Phase two of SGR stretches from Morogoro to the political capital of Dodoma, covering 336 kilometres.

Once the project is complete, the government plans to introduce fast and a modern train with a speed of 160kph. The freight train on the other side will have a maximum speed of 120kph.

Speaking in an interview with the ‘Daily News,’ Mr Kadogosa said the second phase of the project whose completion is set in 2020 is due for commencement and all preparations are in order. “We are currently finalizing the logistics within the government and later we will notify the public as to when we will lay the foundation stone for the project,’’ he said.

ONLINE REGISTRATION FOR COMPANIES BEGINS NEXT MONTH

ONLINE registration of companies will begin next month after completion of preparation of an online registration system, the business registration and licensing agency (BRELA) has said.
The agency said in a public note yesterday that it had completed development of online registration system for companies and post-registration services which will enable electronic registration for companies.
“BRELA is intending to start rendering online services with effect from 1 February 2018,” read the note issued by the Chief Executive Officer, Frank Kanyusi in another milestone in the efforts to improve doing business in Tanzania and the country’s ranking in the World Bank’s Doing Business Report.
Tanzania ranks low in the ease of doing business where, according to the latest World Bank annual ratings, the East African country is ranked 137 among 190 economies last year from 132 in 2016. Ease of Doing Business in Tanzania averaged 134.30 from 2008 until 2017, reaching an all time high of 145 in 2013 and a record low of 125 in 2010, according to Trading Economics.

OXFORD BUSINESS GROUP: KENYA - YEAR IN REVIEW 2017

A slowdown in agricultural activity, tighter credit conditions, a mid-year spike in inflation and political uncertainty on the back of two disputed elections have contributed to a mixed year for Kenya, with the country scaling down internal growth forecasts.


GDP growth was expected to reach 5% in 2017, down from 5.8% in 2016, but still well above the sub-Saharan average of 2.7%, according to the IMF.

However, proposed credit changes and the Supreme Court’s decision to uphold the results of October’s presidential election point to a more positive outlook for 2018.

Severe weather conditions affect agriculture

A period of drought, followed by flooding, impacted agricultural production and earnings in key segments of the largest economic sector.

Drought was a major factor affecting green tea leaf production, which declined by 12.4% year-on-year (y-o-y) in the first nine months of the year, according to the Agriculture and Food Authority. Yearly yields are expected to total 420m kg, down from the 473m kg recorded in 2016.

Sugar production fell by 29.5% y-o-y, while coffee sales on the Nairobi Coffee Exchange were down 20.1%, as adverse weather conditions affected crop harvests.

As the drought eased in the fourth quarter, heavy rainfall in some parts of the country led to flooding, further hindering the harvest and transport of crops in key areas.

Maize growers in the west were among the hardest hit, with many unable to dry grains ahead of processing. These production losses led to an increase in crop prices, feeding into inflation.

Agriculture is of vital importance in Kenya, meaning that any downturn has a significant impact on the broader economy; the sector employed around 75% of the workforce during the 2015/16 season and accounts for 30% of GDP.

Inflation steadying amid increase in agricultural output

Fluctuations in agricultural activity contributed to an increase in the cost of living, with inflation rising to 11.7% in May 2017.

Tuesday, 16 January 2018

OXFORD BUSINESS GROUP: GHANA - YEAR IN REVIEW 2017

Rising industrial and energy output, along with steady declines in inflation and debt levels, combined to support accelerated growth in Ghana in 2017, and continued fiscal reforms point to a positive outlook for 2018.


The economy gained momentum last year, expanding by 7.8% year-on-year (y-o-y) in the first six months, according to Ghana’s 2018 budget statement, tabled to Parliament in November.

While full-year results for 2017 have not yet been announced, the performance in the first half of the year put the economy firmly on track to hit the government’s year-end growth projection of 7.9%, up from original forecasts of 6.3% and well above 2016’s expansion of 3.7%.

Industry was the best performing sector, growing by an estimated 17.7% on the back of higher-than-expected upstream oil production. The mining and quarrying segment, of which hydrocarbons is a significant contributor, was forecast to record year-end expansion of 52.3%, while power generation was set to rise by 6.7% and construction by 3.7%.

Elsewhere, the services sector, which accounts for 55.9% of economic activity, was expected to post growth of 4.7% in 2017, while agriculture was on track to expand by 4.3%.

Hydrocarbons and services to drive future growth

The upward trend is expected to continue into the coming years. The government predicts GDP will increase by 6.8% in 2018, followed by growth of 7.3% in 2019 and 5.6% in 2020.

While hydrocarbons activity is set to spur short-term expansion, the further development of segments such as ICT and education will drive growth in the medium term, according to government estimates.

WATEJA WA UMOJASWITCH WAIBUKA NA MAMILIONI KUPITIA BAHATI NASIBU

Afisa Masoko wa UmojaSwitch, Beatrice Emmanuel (kushoto) akibonyeza kitufe kuashiria kuchezesha droo ya bahati nasibu ya Shinda na Umoja kwa wateja wake zaidi ya 32,222 waliotumia kadi za UmojaSwitch kati ya tarehe 1-8 Januari mwaka huu ambapo zaidi ya wateja 25 wameibuka washindi katika droo hiyo hafla ya kuchezesha droo hiyo imefanyika katika ofizi zao jijini Dar es Salaam leo. Kulia ni Mkaguzi wa Bodi ya Michezo yakubahatisha Bakari Maggid.
Afisa Masoko wa UmojaSwitch, Beatrice Emmanuel akizungumza na waandishi wa habari katika hafla hiyo.

RAIS DKT. JOHN MAGUFULI APOKEA HATI ZA UTAMBULISHO ZA MABALOZI SITA IKULU DAR ES SALAAM JANUARY 16, 2018


Rais wa Jamhuri ya Muungano wa Tanzania Mhe. Dkt. John Pombe Magufuli leo tarehe 16 Januari, 2018 amepokea hati za utambulisho za Mabalozi 6 walioteuliwa kuziwakilisha nchi zao hapa nchini.

RAIS WA JAMHURI YA MUUNGANO WA TANZANIA DKT. JOHN POMBE MAGUFULI APOKEA HATI ZA UTAMBULISHO WA MABALOZI 6 IKULU JIJINI DAR ES SALAAM JANUARI 16, 2018

Rais wa Jamhuri ya Muungano wa Tanzania Dkt. John Pombe Magufuli akipokea hati ya utambulisho kutoka kwa Balozi Dkt. Sahabu Isah Gada aliyeteuliwa kuwa balozi wa Nigeria nchini. Januari 16, 2018 Ikulu Jijini Dar es Salaam. 
Balozi Mteule Krzysztof Buzalski aliyeteuliwa kuwa Balozi wa Poland nchini, akitia sahihi katika kitabu cha wageni alipowasili Ikulu Jijini Dar es Salaam. Januari 16, 2018. 
Rais wa Jamhuri ya Muungano wa Tanzania Dkt. John Pombe Magufuli akisalimiana na Balozi Ali Davutoglu aliyeteuliwa kuwa balozi wa Uturuki nchini. Januari 16, 2018 Ikulu Jijini Dar es Salaam. 
Rais wa Jamhuri ya Muungano wa Tanzania Dkt. John Pombe Magufuli akizungumza na Balozi Frederic Clavier wa Ufaransa mara baada ya kupokea hati ya utambulisho ya kuwa Balozi wa Ufaransa nchini.  Januari 16, 2018 Ikulu Jijini Dar es Salaam. 
Rais wa Jamhuri ya Muungano wa Tanzania Dkt. John Pombe Magufuli akipokea hati ya utambulisho kutoka kwa Mhe. Noah Gal Gendler aliyeteuliwa kuwa Balozi wa Israel nchini. Januari 16, 2018 Ikulu Jijini Dar es Salaam. 
Rais wa Jamhuri ya Muungano wa Tanzania Dkt. John Pombe Magufuli akisalimiana na Bw. Robert Sirotka Mume wa Balozi Alison Chartres aliyeteuliwa kuwa balozi wa Australia nchini. Januari 16, 2018 Ikulu Jijini Dar es Salaam.
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