Foreign Exchange Rates

CMTL Group

Wednesday, 25 April 2018

PRUDENTIAL CAPITAL MARKET UPDATE AS AT 25 APRIL 2018

WORLD'S LARGEST PLANE LANDS IN DAR ES SALAAM


Dar es Salaam. An Emirates Airbus A380 was forced to land in Dar es Salaam yesterday – the first time an aircraft of that size has had to land on Tanzanian soil.

Flight EK 701 had to be diverted from its usual route between Dubai and Mauritus due to bad weather.

Tanzania Airport Authority (TAA) director general Richard Mayongela said the aircraft landed at Julius Nyerere Interantional Airport for refuelling with 475 passengers on board.

The flight is expected to head off to Mauritius tomorrow when the weather clears, Mr Mayiongela told The Citizen over the phone from Dodoma.

TAA Police Commander Matanga Mbushi said the aircraft tried to land in Mauritius three times and failed, before the pilot decided to divert it to Dar es Salaam.

“Due to heavy rains (the aircraft) was unable to land (in Mauritius), forcing it to divert from its original route,” he said.

Manufactured by Airbus, the A380 is a double-decked, wide-body four-engine jetliner.

It is considered the world’s largest passenger airliner, so airports at which it operates have had to upgrade their facilities to accommodate it.


BARRICK, TANZANIA GOVERNMENT DEAL ON THE HORIZON



Barrick Gold says it expects the final deal with the government of Tanzania to be concluded by mid-2018, paving the way for a strategic partnership between the two.

Detailed legal agreements are now being drafted but the full proposal would be ready by the end of the first half of this year, pending review by Acacia, the gold mining giant said in a statement posted on its website yesterday.

“Discussions between the government of Tanzania and Barrick concerning the proposed framework agreement for Acacia Mining Plc’s operations in Tanzania have been constructive and continue to progress,” the statement said.

“We continue to target the first half of 2018 for the completion of a detailed proposal for review by Acacia,” the statement added.

Negotiations between Barrick Gold and the Tanzanian government started in July last year, three months after President John Magufuli banned the exportation of copper concentrates by Acacia. Soon after the ban President Magufuli formed two committees to probe the chemical composition and amount of minerals as well as the economic value of the exported copper concentrates.

ECOBANK TANZANIA, PSPF BRANCH, NOW OPEN 24 HOURS A DAY, 7 DAYS A WEEK

CAREER OPPORTUNITY AT AKIBA COMMERCIAL BANK PLC - HEAD OF RECOVERY


KENYA SETS SIGHTS ON MORE CHINESE TOURISTS

Kenya Tourism Board CEO, Betty Radier.
Kenya Tourism Board (KTB) last week launched a video marketing campaign targeting the Chinese travel market during a media forum in Beijing.
The custom-made Chinese-language video targets to increase awareness on Kenya’s tourism sites.

The video will feature prominently on famous Chinese sites like WeChat, Weibo and Youku (Youtube) for about one month.

“A majority of Chinese travellers want to visit Kenya only for the wildebeest migration from July to September. Through the newly launched destination video, we are positioning Kenya as an all year-round destination among Chinese consumers and trade,” said KTB Chief Executive Officer, Dr Betty Radier.

China is currently Kenya’s fifth biggest tourism source market internationally and the second biggest source market in Asia. It contributed 5.5 per cent of total international tourist arrivals to Kenya in 2017. The number of Chinese tourists visiting the country in 2017 also grew by 11.8 per cent to 53,485.

ECOBANK LAUNCHES FINTECH CHALLENGE COMPETITION FOR AFRICAN START-UPS

Top 10 finalists to be selected as Ecobank Fintech Fellows
LOME, Togo, April 23, 2018/ -- Ecobank (www.Ecobank.com), the leading pan-African banking group, is inviting African fintech entrepreneurs to enter its Ecobank Fintech Challenge. Now in its second year, the initiative gives African start-ups the chance to promote their fintech solutions, and potentially to partner Ecobank in rolling-out their solutions across Ecobank’s 33 markets. Ecobank is currently welcoming submissions from all start-ups and developers in any of Africa’s 54 countries to enter its 2018 Ecobank Fintech Challenge at http://EcobankFintech.com

10 Finalists will be selected to participate in an Awards and Innovation Fair at the global headquarters of Ecobank in Lomé, Togo in July 2018. Following a series of pitches from the finalists, a panel of judges will select the top three winners, who will receive cash prizes worth $10,000, $7,000, and $5,000 respectively.

JOB OPPORTUNITIES AT DCB COMMERCIAL BANK PLC

CURRENT VACANCIES AT THE AFRICAN DEVELOPMENT BANK


CONSTRUCTION OF 30,000 LOW-COST HOUSES IN KENYA TO COMMENCE SOON


Kenya is set to commence the construction of 30,000 low-cost houses in Nairobi’s Eastlands area, as the ‘Big Four’ agenda shapes up.

The initiative which is being undertaken by the Kenyan government will see 5,000 houses being constructed in Shauri Moyo, 20,000 houses in Makongeni, 3,000 houses in Starehe and 2,000 houses in Park Road estates.

Timeline

In the next six months, it is projected that construction of the Shauri Moyo, Makongeni and Starehe houses will begin, whereas the breaking ground for the 2,000 houses on Park Road will commence within the next three months.

State House Spokesperson Manoah Esipisu confirmed the reports and said that the team leading the regeneration of Nairobi has given itself a timeline of six months to embark on the mega project that will see many citizens benefit.

He further pointed out that they are also planning to set up the Kenya Mortgage Refinance Company within the next month to help with bonds for affordable housing.

CONSTRUCTION OF STIEGLER'S GORGE POWER PROJECT IN TANZANIA TO COMMENCE IN JULY 2018


Construction of the Stiegler’s Gorge Power Generation Project in Tanzania is set to commence in July this year. The country is hoping to more than double its electricity production capacity in the next three years as part of its plan to become electricity sufficient and export the surplus.

The dam on the Rufiji River in the Selous Game Reserve will be the largest in the country and is set to produce 2,100MW.

Tanzania recently launched the US $353.7m Kinyerezi II power plant with an installed capacity of 240MW. The plant which is on the outskirts of Dar es Salaam, was built by Japanese firms Sumitomo Corporation, Mitsubishi Hitachi Power Systems and Toshiba Plant Systems.

According to Energy Minister Dr Medard Kalemani, the government hopes to complete two more projects in Kinyerezi to generate 600MW using natural gas.

TIGO AND TECNO TEAM UP TO PROVIDE THE BEST DIGITAL EXPERIENCE TO CUSTOMERS

TECNO Tanzania's Public Relations Manager, Eric Mkomoya (right) shows the new TECNO Camon X smartphone at the official launch of the 4G smartphone at the Tigo Tanzania offices in Dar es Salaam. The new TECNO Camon X smartphone is available for purchase at all Tigo shops countrywide and on the Tigo device shop by dialing *147*00# . On the left is Tigo Tanzania's Head of Products and Services, David Umoh and Tigo Tanzania's Corporate Communications Manager, Woinde Shisael (centre).
TECNO Tanzania's Strategic Partnership Business Manager, Anuj Khosla (far left), Tigo Tanzania's Head of Products and Services, David Umoh (second left), Tigo Tanzania's Corporate Communications Manager, Woinde Shisael (centre), TECNO Tanzania's Public Relations Manager, Eric Mkomoya (second right) and TECNO Tanzania's Assistant Marketing Manager, William Motta (far right) display the new TECNO Camon X smartphone during the official launch of the TECNO Camon X smartphone at the Tigo Tanzania offices in Dar es Salaam. The new TECNO Camon X smartphone is available for purchase across all Tigo shop's countrywide and on the Tigo device shop by dialing *147*00#.

Photo journalist John Dande (second right) receives the new TECNO Camon X smartphone from Tigo Tanzania's Head of Products and Services, David Umoh (second left), that he won during a special draw conducted at the official launch of the new TECNO Camon X smartphone at the Tigo Tanzania offices in Dar es Salaam. The new TECNO Camon X smartphone is available for purchase across all Tigo shop's countrywide and on the Tigo device shop by dialing *147*00#. On the left is Tigo Tanzania's Corporate Communications Manager, Woinde Shisael and on the right is TECNO Tanzania's Public Relations Manager, Eric Mkomoya.

AFRICAN DEVELOPMENT BANK PRESIDENT, ADESINA TO SPEAK AT TANZANIA'S UNION DAY CELEBRATIONS, COMMISSION DODOMA - BABATI REGIONAL ROAD


President Akinwumi Adesina is scheduled to attend the 2018 anniversary of the union between the Republic of Tanganyika and the People’s Republic of Zanzibar that gave birth to the United Republic of Tanzania.

Adesina, who was invited as a special guest, will deliver remarks at the event, scheduled for April 26 at the Jamhuri Stadium in Dodoma.

As part of his State visit to Tanzania, the President will on April 27 perform the official opening of the Dodoma-Babati road project, which was co-financed by the Bank and the Japan International Cooperation Agency (JICA).

During his visit, the President and the Bank’s delegation will hold bilateral meetings with Tanzanian President John Pombe Magufuli, development partners, private-sector representatives, African diplomatic corps and top Government officials in Tanzanian cities of Dar es Salam and Dodoma.

Tuesday, 24 April 2018

YOUR JOBS ARE SAFE, SAYS PRESIDENT JOHN MAGUFULI



Dodoma. President John Magufuli yesterday assured social security sub-sector employees that their jobs were safe despite enactment of a law that will merge four of the schemes into one.

In January 2018, Parliament passed the Public Service Security Fund Bill, 2017, which was subsequently assented to by President Magufuli.

The Act repeals the laws that had established the Public Service Pensions Fund (PSPF), Government Employees Provident Fund (GEPF), LAPF Pensions Fund and PPF Pensions Fund.

The four pension funds are to be merged into the Tanzania Public Service Social Security Fund (TPSSF), a behemoth with over Sh5 trillion in assets. The new law had created fears within the social security sub-sector, with senior managers and operational staff believing that they would be adversely impacted.

Under the new setup, public employees who were contributing members of the National Social Security Fund (NSSF) will be transferred to TPSSF.

On the other hand, private sector employees who are currently contributing to the PPF Pensions Fund will be transferred to NSSF, which will henceforth solely cater for private sector workers.

BANKS SHRUG-OFF NPLS AT EXPENSE OF PROFITS


The banks are struggling to balance profitability level while shrugging-off bad debts.

The banks mostly largest such as CRDB, NMB and Citi saw their profitability tumble as they comply with new accounting procedure International Financial Reporting Standard (IFRS) 9.

Zan Securities CEO Raphael Masumbuko said banks are struggling to clear off their balance sheets to conform to the new accounting procedures, thus eating their profit margins. “The [banks] profitability level will bounce back to acceptable level this year,” Mr Masumbuko said.

He believed that the issue was a one-time issue since banks have set aside a large amount to cushion the new reporting procedures. For instance NMB, CRDB and Citi banks have set aside 130.9bn/-, 152.3bn/- and 172.2bn/- respectively for probably bad debts last year.

The amount pruned the three banks net profits considerably in the last 12 months while battling nonperformance loans. The amount set aside by Citi climbed up 15 times to 172.2bn/- from 11.4bn/-. NMB impairment increased four times to 130.9bn/- from 30.2bn/-, while CRDB inched up to 152.3bn/- from 122bn/-.

ETIHAD CARGO AND IFHC TRANSPORT VULNERABLE AND ENDANGERED BIRDS TO THEIR NATURAL HABITATS


An Houbara bustard, which was bred in Abu Dhabi, is released into the wild in Jordan.
  • Abu Dhabi partnership sees thousands of Houbara bustards transported in last three years
Abu Dhabi, UAE – Etihad Cargo and the International Fund for Houbara Conservation (IFHC), one of the world’s leading conservation programmes, have recently transported a shipment of more than 100 vulnerable Houbara bustards for release into their natural habitats. In the past three years, the partnership between the two organisations has led to the successful relocation and integration into the wild of more than 3,000 Houbara across the world.

The venture, which is part of the Sheikh Khalifa Houbara Reintroduction Programme, began in 2014, when the two organisations signed a partnership agreement. In 2017 alone, more than 2,000 birds were transported safely to countries in Asia and North Africa, which have more hospitable environments, thereby increasing the birds’ long-term survival.

The Houbara are bred in centres in Abu Dhabi managed by IFHC and then released into their natural habitat in countries across the world. IFHC has developed protocols based on ground breaking ecology on the breeding and release of the Houbara, and every release site is studied to ensure the birds have the optimal chance of survival.

PRUDENTIAL CAPITAL MARKET UPDATE AS AT 24 APRIL 2018

Monday, 23 April 2018

RELIEF TO MOROGORO REGIONAL REFERRAL HOSPITAL THROUGH EXIM BANK’S YEAR LONG CAMPAIGN

Exim Bank Tanzania, Head of Marketing and Communications, Mr, Stanley Kafu speaking during the handover event of 40 hospital mattresses and beds to the Morogoro regional referral hospital as part of the bank's 20th-anniversary campaign dubbed " 20 years of taking care of the community".
Chairman of the Board of Morogoro referral hospital, Dr. Lucy Nkya receives 40 hospital beds and mattresses from the Exim Bank Tanzania, Head of Marketing and Communications, Mr. Stanley Kafu for the Morogoro Referral Hospital as part of the bank's 20th-anniversary campaign dubbed " 20 years of taking care of the community".

Chief Medical Officer of Morogoro Region, Dr. Francis Jacob speaks during the handover event of 40 beds and mattresses to the Morogoro regional referral hospital by Exim Bank Tanzania as part of the bank's 20th-anniversary campaign dubbed " 20 years of taking care of the community".
19th April 2018, Morogoro - In Tanzania, hospitals and clinics suffer from a shortage of medicine, medical supplies and beds, particularly public referral hospitals. In an attempt to address these shortages plaguing the nation, Exim Bank Tanzania, a Tanzanian bank with an unmatched international presence, has embarked on countrywide initiative of donating 500 beds and mattresses to maternity wards at public hospitals in 13 regions across the country as part of yearlong corporate social campaign aimed at celebrating 20 years of serving the Tanzanian community.

Today, Exim Bank Tanzania, has donated 40 beds and mattresses to the Morogoro Regional Referral Hospital, in Morogoro region.

The Corporate Social campaign dubbed “20 years of taking care of the community” which was launched in August last year 2017 during the banks 20th anniversary has invested heavily into the Tanzanian health care especially when it comes improving the healthcare delivered to women.

RAIS MAGUFULI AZINDUA JENGO LA CAPITAL ONE NA TAWI JIPYA LA NMB MJINI DODOMA

ACACIA MINING Q1 PROFIT SLUMP ON LOW OUTPUT


ACACIA Mining revenue for the first quarter of 2018 fell by 33 per cent on lower gold sales due to declined output after reducing operations at its flagship gold mine amid a tax dispute with the government.

Acacia, Tanzania’s largest gold miner, said in a financial statement yesterday that its gold production fell 45 percent in the first quarter from a year earlier to 120,981 ounces, mainly due to lower output at its flagship Bulyanhulu mine which is being transitioned to reduced operations in September 2017, and Buzwagi production being sourced primarily from lower grade ore stockpiles.

The company stuck to its full-year targets, targeting output of between 435,000-475,000 ounces, or at least 38 percent lower than 2017, at a cost of $935-985 per ounce. Gold sales of 116,955 ounces, 37 per cent lower than Q1 2017, slightly below gold produced for the quarter due to the timing of shipments.

Adjusted earnings before interest, taxes, depreciation and amortisation (EBITDA) for the three months to March 31 fell to $44 million (30.99 million pounds) from $82 million a year earlier, it said.

TANZANIA'S SERENGETI NATIONAL PARK VOTED BEST TOURIST CHOICE


Tanzania's second largest National Park, the Serengeti, has beaten South-Africa's famous Kruger National Park in being the continent's most popular tourist destination as per recent survey.

In a poll by Google Surveys for UK-based Africa travel experts 'Tanzania Odyssey,' Serengeti was the safari destination most known by respondents at 44.8 percent, with South Africa's Kruger National Park getting 43.2 percent. Serengeti, which was also described to be easily accessible by road and on air, is famous for its annual wildebeest migration.

The survey, which was conducted this April, also sought to find out what people's idea of going on safari is and what they expected to experience. Nearly 40 percent said they thought they would see enormous exotic animals, such as lions, elephants and giraffes, while 38 percent others said they believed they would encounter wide, open plains.

Sunday, 22 April 2018

STANBIC BANK TANZANIA ENHANCES ITS NON-COMMERCIAL ENTITIES OFFERING


Stanbic Bank Tanzania Head of Personal and Business Banking, Brian Ndadzungira (left) hands over an appreciation gift to the Egyptian Embassy representative, Brigadier General Waheed AbdelNasser in Dar es Salaam recently, at a dinner event hosted by the bank to highlight its enhanced Non-Commercial Entities' offering.
Stanbic Bank Tanzania Head of Personal and Business Banking, Brian Ndadzungira (left) exchanges views with the Namibian High Commissioner to Tanzania, Theresia Samaria (centre) in Dar es Salaam recently, at a dinner event hosted by the bank to highlight its enhanced Non-Commercial Entities' offering. On the right is Ugandan High Commissioner to Tanzania, Richard Kabonero.
Stanbic Bank Tanzania Head of Personal and Business Banking, Brian Ndadzungira (right) and Royal Embassy of Saudi Arabia’s Financial Officer, Hamdan Hamad Alkanhal listen attentively to the banks representative highlighting the banks enhanced NCE offering in Dar es Salaam recently. On the table with them are representatives from the Egyptian Embassy, Defence Attache, Brigadier General Waheed AbdelNasser (second left) and Colonel Ahmed Salah Elfar.
At a dinner event for Embassies in Dar es salaam over the weekend, Stanbic Bank Tanzania announced its enhanced value proposition for Non Commercial Entities (NCEs) to members of the diplomatic corps, including the removal of all management fees on accounts held with the bank.

Speaking during the dinner event, the Head of Personal Business Banking (PBB), Brian Ndadzungira said, “we strive to be a one stop shop for organizations by providing a compliment of products and services tailored to the needs of our clients; our offer will have zero monthly management fees, zero fees on incoming transfers, zero monthly statement fees, an effective payment and collection systems to mitigate cash risks, tiered interest rates for USD and TZS accounts, and private banking solutions to Diplomats”.

During the event graced by more than 20 diplomats from different countries,

UBER TANZANIA PARTNERS WITH IDRIS SULTAN AS UBER BRAND AMBASSADOR FOR 2018

2018 Uber Tanzania brand ambassador,Idris Sultan

Dar es Salaam, April 20th, 2018. Uber today officially announced Idris Sultan, as its new Uber brand ambassador in Tanzania for 2018, making Idris the first Tanzanian artiste to be the face of Uber the most popular ride-hailing application in Tanzania.

The comedian, actor and radio host was unveiled during an elegant and exclusive event dubbed #IdrisnaUber that was only open to a few members of the public and media at an upscale, cocktail event held at Akemi restaurant in Dar es Salaam.

“We worked hard to make sure that we chose a relevant and exciting Uber brand ambassador in Tanzania” said Elizabeth Njeri, Marketing Manager for Uber in East Africa.

Idris Sultan is a fun and eccentric artiste who is also well respected in the art scene from comedy, acting and radio hosting.

Idris was also a great fit for Uber because he is locally recognized as a true patriot - he  embodies all things Tanzanian and constantly engages with his fans on social media.

All these are qualities that we look for when partnering with brand ambassadors as they go along way in demonstrating that we care for the local needs of our riders and driver-partners in Tanzania.”

Friday, 20 April 2018

VODACOM YAINGIA UBIA WA KIBIASHARA NA KAMPUNI YA IFLIX

Mkurugenzi Mkuu wa Kampuni ya Iflix, Paul Coogan (Kushoto) na Mkurugenzi wa Mawasiliano na Uhusiano wa Vodacom Tanzania Rosalynn Mworia (kulia) wakimsikiliza kwa makini Mkurugenzi wa Kitengo cha Biashara wa Vodacom Tanzania Plc, Hisham Hendi (katikati) wakati alipokuwa akiongea na waandishi wa habari jijini Dar es Salaam, wakati wa uzinduzi wa ubia wa kibiashara baina ya Iflix na Vodacom. Wateja watapakua application ya Playstore au istore ili kupata iflix yenye burudani za Sinema na vipindi vya TV kwa Kupiga *149*01# Kwa sasa kuna vifurushi vya aina tatu, kifurushi cha siku kwa shilingi 1,000, cha wiki kwa shilingi 6,500 cha mwezi kwa shilingi 18,000.
Mkurugenzi Mkuu wa Kampuni ya Iflix, Paul Coogan (Kushoto) na Mkurugenzi wa Mawasiliano na Uhusiano wa Vodacom Tanzania Rosalynn Mworia (kulia) wakimsikiliza kwa makini Mkurugenzi wa Kitengo cha Biashara wa Vodacom Tanzania Plc, Hisham Hendi (katikati) wakati alipokuwa akiongea na waandishi wa habari jijini Dar es Salaam, wakati wa uzinduzi wa ubia wa kibiashara baina ya Iflix na Vodacom. Wateja watapakua application ya Playstore au istore ili kupata iflix yenye burudani za Sinema na vipindi vya TV kwa Kupiga *149*01# Kwa sasa kuna vifurushi vya aina tatu, kifurushi cha siku kwa shilingi 1,000, cha wiki kwa shilingi 6,500 cha mwezi kwa shilingi 18,000.
Mkurugenzi Mkuu wa Kampuni ya Iflix, Paul Coogan (Kushoto) na Mkurugenzi wa Mawasiliano na Uhusiano wa Vodacom Tanzania Rosalynn Mworia (kulia) wakimsikiliza kwa makini Mkurugenzi wa Kitengo cha Biashara wa Vodacom Tanzania Plc, Hisham Hendi (katikati) wakati alipokuwa akiongea na waandishi wa habari jijini Dar es Salaam, wakati wa uzinduzi wa ubia wa kibiashara baina ya Iflix na Vodacom. Wateja watapakua application ya Playstore au istore ili kupata iflix yenye burudani za Sinema na vipindi vya TV kwa Kupiga *149*01# Kwa sasa kuna vifurushi vya aina tatu, kifurushi cha siku kwa shilingi 1,000, cha wiki kwa shilingi 6,500 cha mwezi kwa shilingi 18,000.
Mkurugenzi wa Mawasiliano na Uhusiano wa Vodacom Tanzania Rosalynn Mworia (kulia) akiongea na waandishi wa habari jijini Dar es Salaam, wakati wa uzinduzi wa ubia wa kibiashara baina ya Iflix na Vodacom. Wateja watapakua application ya Playstore au istore ili kupata iflix yenye burudani za Sinema na vipindi vya TV kwa Kupiga *149*01# . Kwa sasa kuna vifurushi vya aina tatu, kifurushi cha siku kwa shilingi 1,000, cha wiki kwa shilingi 6,500 cha mwezi kwa shilingi 18,000. Kushoto ni Mkurugenzi Mkuu wa Kampuni ya Iflix Paul Coogan na Mkurugenzi wa Kitengo cha Biashara wa Vodacom Tanzania Plc, Hisham Hendi.
Kutoka kushoto ni Mkurugenzi Mkuu wa Kampuni ya Iflix Tanzania, Paul Coogan (Kushoto) Mkurugenzi wa Kitengo cha Biashara wa Vodacom Tanzania Hisham Hendi (katikati) na Mkurugenzi wa Mawasiliano na Uhusiano wa Vodacom Tanzania Rosalynn Mworia (kulia) wakiwa kwenye uzinduzi wa ubia wa kibiashara baina ya Iflix na Vodacom Jijini Dar es Salaam. Wateja wa Vodacom watapakua application ya Playstore au istore ili kupata iflix yenye burudani za Sinema na vipindi vya TV kwa Kupiga *149*01# . Kwa sasa kuna vifurushi vya aina tatu, kifurushi cha siku kwa shilingi 1,000, cha wiki kwa shilingi 6,500 cha mwezi kwa shilingi 18,000. 
Mkurugenzi wa Kitengo cha Biashara wa Vodacom Tanzania Hisham Hendi (kulia) akikabiziwa zawadi na Mkurugenzi Mkuu wa Kampuni ya Iflix Tanzania, Paul Coogan (Kushoto) wakati wa hafla ya uzinduzi wa ubia wa kibiashara baina ya Iflix na Vodacom Jijini Dar es Salaam. Wateja wa Vodacom watapakua application ya Playstore au istore ili kupata iflix yenye burudani za Sinema na vipindi vya TV kwa Kupiga *149*01# . Kwa sasa kuna vifurushi vya aina tatu, kifurushi cha siku kwa shilingi 1,000, cha wiki kwa shilingi 6,500 cha mwezi kwa shilingi 18,000. 
Mkurugenzi wa Mawasiliano na Uhusiano wa Vodacom Tanzania Rosalynn Mworia (kulia) akiteta jambo na Meneja Masoko wa Kampuni ya Iflix Afrika Mashariki, Bernice Macharia, jijini Dar es Salaam, wakati wa uzinduzi wa ubia wa kibiashara baina ya Iflix na Vodacom. Mateja wa mtandao wa Vodacom watapakua application ya Playstore au istore ili kupata iflix yenye burudani za Sinema na vipindi vya TV kwa Kupiga *149*01# . Kwa sasa kuna vifurushi vya aina tatu, kifurushi cha siku kwa shilingi 1,000, cha wiki kwa shilingi 6,500 cha mwezi kwa shilingi 18,000.

Mkurugenzi wa Mawasiliano na Uhusiano wa Vodacom Tanzania Rosalynn Mworia akikabiziwa zawadi na Meneja Masoko wa Kampuni ya Iflix Afrika Mashariki, Bernice Macharia, jijini Dar es Salaam, (wapili kushoto) wakati wa uzinduzi wa ubia wa kibiashara baina ya Iflix na Vodacom. Mateja wa mtandao wa Vodacom watapakua application ya Playstore au istore ili kupata iflix yenye burudani za Sinema na vipindi vya TV kwa Kupiga *149*01# . Kwa sasa kuna vifurushi vya aina tatu, kifurushi cha siku kwa shilingi 1,000, cha wiki kwa shilingi 6,500 cha mwezi kwa shilingi 18,000. Kushoto ni Mkurugenzi Mkuu wa Kampuni ya Iflix Tanzania, Paul Coogan na Mkurugenzi wa Kitengo cha Biashara wa Vodacom Tanzania Plc, Hisham Heidi.

Dar Es Salaam, 19 Aprili, 2018 – Kampuni yenye mtandao wa simu za mkononi unaoongoza, Vodacom Tanzania PLC leo imetia saini mkataba wa ubia na kampuni ya iflix, yenye kutoa huduma ya burudani inayoongoza katika nchi zinazoendelea ili kuwapa wateja wa Vodacom huduma hiyo ya iflix bila kikomo. Kampuni hii ya burudani inawapa wateja wa Vodacom uwezo wa kuangalia maelfu ya vipindi bora duniani, sinema na mengine mengi kwenye kila kifaa walicho nacho.

Mteja anatakiwa kupakua App ya iflix, ambapo hakutakuwa na malipo ya aina yeyote. Lakini kuna vifurushi maalum Mteja atabonyeza *149*01# kisha chagua intanet halafu kifurushi ikifuatiwa na iflix. Kwa sasa kuna vifurushi vya aina tatu, kifurushi cha siku kwa shilingi 1,000, cha wiki kwa shilingi 6,500 na cha mwezi kwa shilingi 18,000.

NMB OPENS NEW BRANCH IN MANYONI


Manyoni. The NMB Bank Plc has opened a branch at Mitundu, Itigi in Manyoni as it brings its services closer to the people.

This brings the total number of NMB’s outlets across the country to 216, according to the bank’s head of Personal Banking, Mr Omari Mtiga.

NMB’s Mitundu branch is designed to serve residents of Kalangali, Mgandu, Rungwa, Mwamagembe, Mitundu and other locations close to the area. 

GOVT. REFUTES SH1.5TRN LOSS FROM FY-2016/2017 BUDGET

The clarification was made in the ongoing parliamentary session on Friday, April 20, by the deputy minister for finance, Dr Ashatu Kijaji, who said that these were rumours that were being spread by a few individuals who are not truly patriotic to their country.

Dar es Salaam. The government has categorically stated that there is no loss of Sh1.5 trillion from the budgeted funds for the 2016/17 financial year as it is being claimed through the media.

The clarification was made in the ongoing parliamentary session on Friday, April 20, by the deputy minister for finance, Dr Ashatu Kijaji, who said that these were rumours that were being spread by a few individuals who are not truly patriotic to their country.

ACACIA, INVESTORS IN TALKS ON POSSIBLE JOINT VENTURE

The company, which operates North Mara, Buzwagi and Bulyanhulu gold mines in Tanzania, is reportedly negotiating with China’s Shandong Gold Mining Co Ltd, Zijin Mining Group Co Ltd and with state-owned China National Gold Group for a possible joint venture.


Dar es Salaam. Acacia Mining Plc reiterated on Thursday that it was still discussing with Chinese investors for a possible investment deal in one or more of the firm’s mines in Tanzania.

The company, which operates North Mara, Buzwagi and Bulyanhulu gold mines in Tanzania, is reportedly negotiating with China’s Shandong Gold Mining Co Ltd, Zijin Mining Group Co Ltd and with state-owned China National Gold Group for a possible joint venture.

Thursday, 19 April 2018

DIAMOND BANK NAMED BEST RISKTAKER INSTITUTION

THE Country Manager and CEO of DTB-Tanzania, Mr Viju Cherian receives the certificate of recognition for “The Best Risk Management Corporate of the year 2017” from the Internal Auditor General of Tanzania, Mr Mohamed Mtonga during the second graduation ceremony of The Institute of Risk Management Tanzania (IRMT) in Dar es Salaam recently. (Photo: courtesy of DTB)

DIAMOND Trust Bank has emerged the top financial institution with best risk management portfolio in the country.
The bank won the top award dubbed “The Best Risk Management Corporate of the year 2017” for financial institutions with asset exceeding 1.0tri/- issued by the Institute of Risk Management Tanzania (IRMT).

Wednesday, 18 April 2018

KAMPENI YA FURAHIA KANDANDA KUWAPELEKA WATEJA WA CRDB KUSHUHUDIA KOMBE LA DUNIA

Mkurugenzi wa Masoko, Utafiti na Huduma kwa Wateja wa Benki hiyo Bi. Tully Esther Mwambapa

Benki ya CRDB imetangaza kuanza rasmi kwa kampeni ijulikanayo kama “Furahia kandanda murua nchini Urusi” #TwenzetuRussia, itakayowawezesha watumiaji wa kadi za malipo za TemboCard Visa za Benki hiyo kujishindia safari ya kwenda kuangalia mechi za michuano ya kombe la Dunia zitakazofanyika nchini Urusi, kuanzia mwezi Juni mwaka huu.
 
Akizungumza na waandishi wa habari ofisini kwake jijini Dar es Salaam leo, Mkurugenzi wa Masoko, Utafiti na Huduma kwa Wateja wa Benki hiyo Bi. Tully Esther Mwambapa, alisema kuwa Benki ya CRDB imeanzisha kampeni kwa kushirikiana na kampuni ya Visa International ili kutoa fursa kwa wateja wake kwenda kushuhudia fainali hizo, ambazo huvutia hisia za watu wengi dunuani kote.

SHILLING STRUGGLES AS PRESSURE MOUNTS

THE shilling sunk to a new low level in yesterday trading as it continued to struggle under intense pressure from US dollars.

The local currency reached as low as 2,285/- against the US dollar prompting market players to delay trading in forex in the hope that the spike would slow down to lower levels, according to CRDB market highlight report.
However, it eventually settled at 2,255/- against a greenback as market players seemed to be worried on the trend of the local currency and hence stayed away from trading due to high prices of the US dollar.
The long standing mismatch between the demand and supply continues to be the reason behind the local unit’s deprecation against the US dollar index.

CRDB PROFIT TUMBLES AS IT CLEANS UP BAD LOANS MESS

CRDB Bank pre-tax profit in 2017 tumbled by over 50 per cent last year due to increasing provisions for bad loans. According to the bank's financial statement the bank's profit before tax last year had plummeted to 46.9bn/- from 105bn/- made in 2016.

The decline which is equivalent slightly more than 55 per cent is attributed to measures adopted by the bank to cover up for impaired loans. CRDB Group pre-tax profit declined by slightly over half to 53.6bn/- last year from 111.8bn/- posted previous year.

AZANIA BANK POSTS SH1.8BN PROFIT AFTER TAX

In Summary

The bank’s managing director, Mr Charles Itembe, said in Dar es Salaam that the development was a result of an incredible financial turnaround in the banking industry and collective efforts of the bank’s workers.
Dar es Salaam. The Azania Bank Limited (ABL) posted an after tax profit of Sh1.8 billion last year from a loss of Sh6 billion recorded during the previous year.

The bank’s managing director, Mr Charles Itembe, said in Dar es Salaam that the development was a result of an incredible financial turnaround in the banking industry and collective efforts of the bank’s workers.

ACACIA SHARE PRICE UP 29PC

A Dar es Salaam Stock Exchange (DSE) market report has shown that the company’s share price closed at Sh5,700 on Monday, higher than Sh4,410 recorded during last week’s close. 

Dar es Salaam. Acacia share price closed high by 29.25 per cent during an opening day of this week, compared with the closing day of last week.
A Dar es Salaam Stock Exchange (DSE) market report has shown that the company’s share price closed at Sh5,700 on Monday, higher than Sh4,410 recorded during last week’s close.

PRUDENTIAL CAPITAL MARKET UPDATE AS AT 18 APRIL 2018

NBC YAWASHUKURU WAFANYAKAZI WAKE KWA KUKAMILISHA ZOEZI LA UUZAJI WA HISA ZA VODACOM KWA MAFANIKIO

Mkurugenzi Mtendaji wa NBC, Theobald Sabi (wa nne kushoto), akipiga picha na baadhi ya mameneja wa matawi ya NBC katika hafla iliyoandaliwa na benki hiyo kuwapongeza na kutambua mchango wa wafanyakazi na matawi yake yaliyfanya vizuri katika kufanikisha uuzwaji wa hisa za awali za Vodacom Tanzania (IPO), na hatimaye kuingizwa katika Soko la Hisa la Dar es Salaam (DSE). Hafla hiyo ilifanyika jijini Dar es Salaam hivi karibuni. 
Mkrugenzi Mtendaji wa NBC, Theobald Sabi (kulia), akikabidhi cheti cha shukurani kwa Mkurugenzi wa Fedha wa Vodacom Tanzania, Jacques Marais ambapo kwa ushirikiano wa pande zote mbili kulisababisha kukamilika kwa zoezi hilo lililovunja rekodi katika historia ya Soko la Hisa la Dar es Salaam ambapo zaidi ya watanzania 40,000 walijitokeza kununua hisa za Vodacom huku NBC ikipewa jukumu la kuhakikisha kuwa mauzo yote ya hisa hizo yanapitia katika benki hiyo na kuhakikiwa.
Mkurugenzi Mtendaji wa Benki ya NBC, Theobald Sabi (kushoto), akikabidhi cheti kwa mmoja wa wafanyakazi wa benki hiyo, Salama Mussa katika hafla iliyoandaliwa na benki hiyo kuwapongeza na kutambua mchango wa wafanyakazi wake waliohusika kufanikisha uuzwaji wa hisa za awali za Vodacom Tanzania na hatimaye kuingizwa katika Soko la Hisa la Dar es Salaam (DSE). Hafla hiyo ilifanyika jijini Dar es Salaam hivi karibuni.
Mkurugenzi wa Rasilimali Watu wa Benki ya NBC Tanzania, Flora Mollel (kushoto), akikabidhi cheti kwa Mariam Kombo, Meneja wa Tawi la NBC Corpoate, katika hafla iliyoandaliwa na benki hiyo kuwapongeza na kutambua mchango wa wafanyakazi wake waliohusika kufanikisha uuzwaji wa hisa za awali za Vodacom Tanzania na hatimaye kuingizwa katika Soko la Hisa la Dar es Salaam (DSE). Hafla hiyo ilifanyika jijini Dar es Salaam hivi karibuni. 
Mkuu wa Kitengo cha Makampuni wa NBC, Linley Kapya (kushoto), akikabidhi cheti kwa Noelina Kivaria katika hafla hiyo. 
Mkurugenzi Mtendaji wa Benki ya NBC, Theobald Sabi (kushoto), akikabidhi cheti kwa mmoja wa wafanyakazi wa benki hiyo, Jacqueline Sindano katika hafla iliyoandaliwa na benki hiyo kuwapongeza na kutambua mchango wa wafanyakazi wake waliohusika kufanikisha uuzwaji wa hisa za awali za Vodacom Tanzania na hatimaye kuingizwa katika Soko la Hisa la Dar es Salaam (DSE). Hafla hiyo ilifanyika jijini Dar es Salaam hivi karibuni.
Mkurugenzi wa Rasilimali Watu wa Benki ya NBC Tanzania, Flora Mollel (kushoto), akikabidhi cheti kwa Fautina Maeda, Meneja wa Tawi la NBC Samora, katika hafla iliyoandaliwa na benki hiyo kuwapongeza na kutambua mchango wa wafanyakazi wake waliohusika kufanikisha uuzwaji wa hisa za awali za Vodacom Tanzania na hatimaye kuingizwa katika Soko la Hisa la Dar es Salaam (DSE). Hafla hiyo ilifanyika jijini Dar es Salaam hivi karibuni.