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Thursday, 23 March 2017

DOUBLE YOUR RETURNS WITH BANCABC


BANCABC LAUNCHES A FIXED DEPOSIT ACCOUNT WITH A DIFFERENCE

BancABC Head of Retail and Business Banking Mrs. Joyce Malai (left) and Head of Marketing, Upendo Nkini (right) jointly display a poster for the newly launched Double your Returns Account at the launch ceremony, which was held at the Bank's headquarters in Dar es Salaam recently.

Double your returns with BancABC. Earn interest rate of up to 16% and borrow against this deposit instantly should you have the need.


March 14, 2017:
BancABC, which is part of Atlas Mara, has launched a special product that will see one earn up to 16% on structured fixed deposit accounts.

Commonly, Fixed deposits have advantages that many would find attractive. To begin with, its interest rates are higher than savings account as the amount is retained by the bank until a given maturity date chosen by the customer. Other advantages are assured returns, flexibility and borrowing against the deposit. BancABC has gone a step further and not only offered an attractive interest of 16% but also an opportunity borrow against this deposit.

Speaking in Dar es Salaam during a press conference held at the bank headquarters, the BancABC Head of Retail and Business Banking Mrs. Joyce Malai said that there is no better offer of this nature in the market so far.


Tuesday, 21 March 2017

ETHIOPIAN AIRLINES AIRBUS TOUCHES DOWN AT KIA

THE third Airbus (A350 XWB) of the Ethiopian Airlines -- received on the first day of February this year and immediately named after Erta Ale, a large basaltic shield volcano located in the Afar Region of North Eastern Ethiopia – has finally touched down at the Kilimanjaro International Airport (KIA) in Northern Tanzania.
The Ethiopian Airlines’ Traffic and Sales Manager in Northern Zone of Tanzania, Ms Fitsimt Dejene, told the ‘Daily News’ that the new aircraft has a configuration of 30 Cloud Nine business class and 313 economy class seats. Ethiopian was the first African Airline to take delivery of Airbus A350 XWB in 2016 -- part of the airlines’ continuous fleet modernization programmes.
It is recalled that in 2012, the first flight of Ethiopian Dreamliner dubbed ‘The Dream Tour’ went on a sightseeing flight over Mount Kilimanjaro with around 270 invited guests, consisting of ministers, ambassadors, Ethiopian Sheba Miles gold members and the media.

NMB INAUGURATES NEW MONEY TRANSFER SERVICE

THE National Microfinance bank (NMB) has launched a new service dubbed Mobile Tanzania Interbank Mobile System (TISS) that allows customers to transfer up to 3m/- from one bank to another.

The new service according to the Head of Banking Operations, Mr Geofrey Mwijage, aims at reducing long queues and the cost of commuting in search for NMB branches for cash transfers.
“We want our customers to get a service that goes with the current technology and the good news is that we have complied with all the requirements and standard needed by the regulator ― the Bank of Tanzania (BoT),’’ he said.

Thursday, 16 March 2017

CLYDE & CO SPECIAL UPDATER - VERIFICATION OF WORK PERMITS WITHIN 30 DAYS FROM 22 FEBRUARY 2017

STANBIC TANZANIA PROMOTES INVESTMENT BETWEEN TANZANIA AND CHINA


Stanbic Bank Executive Head of Corporate and Investment Banking, Thomas Bisonga officiating a Chinese Economic Forum in Dar es Salaam on Tuesday. The forum was organized to demonstrate the bank’s commitment to partner with Chinese customers in their quest to move their business to the next level.

Dar es Salaam, March 15 2017 - STANBIC Bank Tanzania (SBT) continues to improve the investment climate and providing value added services to the Chinese business community wanting to invest in Tanzania.

According to the bank’s Executive Head of Corporate and Investment Mr. Thomas Bisonga, the China direct investment will be driven by Stanbic Bank Tanzania’s aspiration of, supporting the growth of economic activities in Africa. 
Mr. Bisonga was speaking during a Chinese Economic forum organised by the bank in Dar es Salaam on Tuesday. The forum was organized to demonstrate the bank’s commitment to partner with Chinese customers in their quest to move their business to the next level.   Through the partnership, Stanbic Bank is able to link its clients to growth opportunities offered by Tanzania, and other African economies.

INTERVIEW WITH INEKE BUSSEMAKER, MANAGING DIRECTOR & CEO OF NATIONAL MICROFINANCE BANK


TanzaniaInvest had the pleasure of interviewing Ineke Bussemaker, MD and CEO of the National Microfinance Bank (NMB), Tanzania. 


NMB is one of the biggest commercial banks in Tanzania, 32% of which is owned by the government. 

Bussemaker talks about the current lack of liquidity in the banking sector, the country’s investment potential and economic outlook. 

TanzaniaInvest (TI): Tanzania is among the top African destinations for FDI. What is your view on the country’s potential and framework for investments? 

Ineke Bussemaker (IB): Tanzania, as well as Kenya and Cote d’Ivoire, are the top African countries that investors are very interested in. 

The investment appetite for Tanzania is largely driven by its size with 50m people but the country is still quite underdeveloped so there is high growth potential, especially in agriculture. 

However, Tanzania is struggling to transform that potential and ideas into practical projects. 

This is due to a range of issues that Tanzania has to solve. 

One is political decision-making: it is taking investors a very long time between their first visit to Tanzania and the time when they reach an agreement with any government entity. 

MASTERCARD PARTNERS WITH MOBILE MONEY AFRICA TO HOST THE CASHLESSAFRICA CONFERENCE AND EXPO IN NIGERIA

The CashlessAfrica Conference and Expo is a platform for technology companies, FinTech’s and other financial institutions to come together and share best practices in order to build a strong economy in Nigeria
LAGOS, Nigeria, March 15, 2017/ -- Leading digital payment solutions provider, Mastercard (www.Mastercard.com), has been unveiled as the headline sponsor of the 6th Edition of the CashlessAfrica Conference and Expo (http://CashlessAfrica.com). The event is organised by Mobile Money Africa and is scheduled for 22 to 23 March, at the Oriental Hotel, Lekki in Lagos, Nigeria.

The CashlessAfrica Conference and Expo is a platform for technology companies, FinTech’s and other financial institutions to come together and share best practices in order to build a strong economy in Nigeria. The event looks at the importance of rethinking current models and gaining valuable market insight to introduce relevant digital payment solutions to the benefit of all people.

With over 85 percent of retail transactions still made in cash and cheques, the potential for digital payments to make a tangible difference is immense. This year Omokehinde Adebanjo, Vice President and Area Business Head of West Africa at Mastercard, will participate as a keynote speaker to discuss matters impacting Nigeria and the broader continent and how partnerships will be critical to shifting economies beyond cash.

Wednesday, 15 March 2017

DEWJI, BAKHRESA LISTED FOR AFRICA CEO AWARD

Tanzanian entrepreneur Mohammed Dewji

TWO prominent Tanzanian entrepreneurs, Mohammed Dewji and Said Salim Bakhresa have been shortlisted for this year’s CEO of the Year Award by African CEO Forum.

The CEO of the Year for Africa will be announced in Geneva, Switzerland, on the evening of next Monday during the 5th Edition of Africa CEO Forum 2017, according to African Media Agency statement. The Forum is held in two days - Monday and Tuesday.

The forum - the most highprofile international event on African private sector development - for fifth consecutive year will honour Africa business leaders and companies that shaped the year in Africa.

DAR CONSTRUCTION CONFERENCE AND TRADE EXPO 2017

BANKS FAIL TO RECOVER 1.3TRI/- FROM BORROWERS

Banks are holding a whooping 1.3tri/- of non-performing loans in the last quarter of 2016, an amount equivalent to 4.5 per cent of the total budget for the 2016/17 financial year, Bank of Tanzania unedited statistics show.

The amount which underscore the challenge of rising default risks by borrowers due to tight liquidity, is above total revenue collection by Tanzania Revenue Authority for January this year which reached 1.14tri/-.

It is also clearly beyond the amount set aside in the current financial year for the initial phase of construction of the standard gauge railway which begins from Dar es Salaam to Morogoro. The government set aside 1.0tri/- during the current financial year for initial construction of the railway.

The ratio of non-performing loans to gross loans, increased to 9.5 percent from 6.4 percent recorded at the end of December 2015. World Bank data show nonperforming loans stand 8.5 per cent on average as of last year, hence elevating risks for default.

GOVERNMENT SAVES BILLIONS IN BULK PURCHASING THROUGH GPSA

Extensive public sector reforms carried out since 1990’s are paying off as some public institutions have improved performance and quality service delivery.

Among the institutions that have been doing well is the Government Procurement Supplies Agency (GPSA), that was established under the Executive Agency Act CAP 245 R.E 2009 and came into effect through Government Notice (GN). No. 235 of 7th December 2007 and its amendments through Government Notice No.133 of 13th, April, 2012.

The agency was established to enhance economy and efficiency in procurement by providing the government and non-government institutions with goods and services (Common Use Items and Services) through proper arrangement of common procurement, storage, distribution and clearing and forwarding.

THE JAKAYA MRISHO KIKWETE FOUNDATION (JMKF) LAUNCHED IN DAR ES SALAAM

Former President, Jakaya Kikwete poses for a souvenir photo with Jakaya Mrisho Kikwete Foundation (JMKF) Board of Directors during the introduction and soft launch of the fund in Dar es Salaam on Monday.

Retired President Jakaya Kikwete on Monday launched the Board of Trustees of his foundation, outlining four key priority areas of focus, promising to work closely with the government and other organisations with similar ambitions.

Mr Kikwete further led the board members in their maiden meeting to deliberate on various issues for the best interest of the ambitious foundation that goes by the name “Jakaya Mrisho Kikwete Foundation” (JMKF).

Addressing a news conference for the first time since he handed over presidential powers to the Fifth Phase Government and a few minutes before launching the board, Mr Kikwete said the foundation decided to focus on four areas as it could not deal with everything.

TANZANIA MORTGAGE MARKET UPDATE AS AT 31 DEC. 2016

Tuesday, 14 March 2017

TPDC, DANGOTE AGREE ON GAS TARIFFS

TANZANIA Petroleum Development Corporation (TPDC) and Dangote Cement Company have finally agreed on gas tariffs and costs of constructing infrastructure to supply the energy to the cement manufacturing plant.
TPDC acting Managing Director Kapuulya Musomba, addressing reporters in Dar es Salaam late yesterday evening, said the two parties have as well agreed on costs of connectivity of the cement plant to the Mtwara-Dar es Salaam gas pipeline.
“These agreements have been reached in compliance with President John Magufuli’s directives during his official tour of Mtwara recently,” explained Engineer Musomba, hinting that the two parties have had a weeklong deliberation on the project.
He could not, however, reveal the agreed prices, saying that will be announced after appraisal by the Energy and Water Utilities Regulatory Authority (EWURA). Now that the two parties have agreed on the costs, what lays ahead is the procurement of a contractor to work on about six kilometres of the pipeline and other infrastructure to supply the gas to the factory.

HEAVY RAINS LEAVE COUNTRYWIDE TRAIL OF DESTRUCTION, DEATHS

HEAVY rains yesterday pounded in different parts of the country, killing two and destroying infrastructure, crops, houses and livestock.
In Dar es Salaam, rains wreaked havoc in the morning destroying roads and houses rendering them inaccessible, while in Morogoro more than 1,800 people were left homeless as rains ‘washed’ away their houses. In Kaliuwa District, Tabora Region, two children died after they were struck by lightning during heavy rains that were accompanied by thunderstorm.
A snap survey conducted by the ‘Daily News’ witnessed flash floods in different parts of Dar es Salaam, including flooded houses and roads creating long traffic jams while in other areas people were forced to carry their clothes in plastic bags and cross flooded roads in their underpants.

Monday, 13 March 2017

JK UNVEILS JAKAYA KIKWETE FOUNDATION TRUSTEES

Retired President Jakaya Kikwete has today inaugurated the Jakaya Mrisho Kikwete Foundation (JMKF) board of trustees.

Mr Kikwete said he would use the foundation as a vehicle that would make it possible for him to continue serving Tanzanians.

MAXCOM AFRICA (MAXMALIPO) YAWAKARIBISHA WATANZANIA KUSHIRIKI UNUNUZI WA HISA KWA NJIA YA MTANDAO

Mkuu wa kitengo cha Masoko na Ubunifu wa Kampuni hiyo, Deogratius Lazari Mosha.

Kampuni ya Maxcom Africa (Maxmalipo) inawakaribisha watanzania kushiriki manunuzi ya hisa za makampuni yaliyoorodheshwa kwenye Soko la hisa la Dar es salaam(DSE) kwa njia ya mtandao (simu za kiganjani) na kufanya malipo kupitia kwa mawakala wa Maxmalipo waliopo nchi nzima Tanzania.

Mkuu wa kitengo cha Masoko na Ubunifu wa Kampuni hiyo, Deogratius Lazari Mosha, amewaambia waandishi wa habari jijini Dar es salaam leo kwamba Maxcom Africa (Maxmalipo) ikishirikiana na soko la hisa la Dar es Salaam (DSE) kwa kutumia mfumo madhubuti wa simu za viganjani unamwezesha Mtanzania kuweza kushiriki kwenye Manunuzi ya hisa za makampuni yaliyoorodheshwa kwenye soko la awali la mitaji (primary markets ) kwa kupiga *150*36#, ameongeza kwamba baadhi ya makampuni hayo kwa sasa ni Vodacom na TCCIA.


RELIEF AS SHILLING STABILIZES IN MARCH

THE shilling has held steady its position in the first two weeks of this month thanks to lower demand for the greenback from importers.
The shilling opened the month trading at 2,237/16 a US dollar and closed the last week at 2,237/68, a steady level though still two months high. The local currency stability is however, the results of demand and supply and neither on increased exports nor productivity.
National Microfinance Bank (NMB) said that the local currency was stable against the dollar last week due to lower demand for the greenback from importers. “Shilling holds steady due to lower demand for dollars from importers,” the bank said in its daily e-Markets report last week.
The bank added: “We (NMB) expect trading activities to remain in the current range even on tomorrow’s trading session”. CRDB Bank said midweek on its market highlights report that shilling/ dollar pair continued to show no volatility and maintain stability.

FASTJET TANZANIA CELEBRATES FLYING 2.4 MILLION PASSENGERS

In Summary

Johannesburg. Fastjet Tanzania has celebrated impressive strides of flying more than 2.4 million passengers across the Tanzanian sky, the company announced Friday.

The low-cost airline began flight operations in Tanzania on November 29, 2012, flying passengers from Dar es Salaam to just two domestic destinations - Kilimanjaro and Mwanza.

The low-cost airline began flight operations in Tanzania on November 29, 2012, flying passengers from Dar es Salaam to just two domestic destinations - Kilimanjaro and Mwanza.


VODACOM IPO TURNOUT BAFFLES BROKERS

VODACOM IPO, the biggest initial public offer in history that was launched last week, has drawn strong investors interest on prospects of attractive dividend yields.
Brokers have it that the trend demonstrated by buyers in the first two days of the IPO was new in the market since many came to buy straight instead of asking and decide later.
Vodacom 476bn/- went on sale last Thursday at 850/- a share The telephone market leader offers 560million through IPO. ZanSecurities Chief Executive Officer Raphael Masumbuko said unlike other IPOs many showed up in the first two days and most were fresh stock buyers.
“Some buyers deposited money in our account a day before the IPO was opened… and many came to buy straight. “The IPO sells by itself since Vodacom brand is a household name,” Mr Masumbuko told 'Daily News' in the weekend. “Buyers don’t flick their eyes because of price.

TTCL ROLLS OUT 4G NETWORK IN ARUSHA CITY

THE State owned, Tanzania Telecommunications Company Limited (TTCL) has rolled out the high speed fourth-generation data connectivity in Arusha City, further complementing the 134 kilometres of the National Fibre Optic Cable Network circumnavigating the country.

The TTCL 4G launch, graced by the Regional Commissioner, Mr Mrisho Gambo, comes at a time when the Arusha- based Headquarters for the Tanzania National Parks is also finalising process to link all its data and communication system to the Tanzania Telecommunications Company’s data network which is essentially the National ICT Broadband Backbone (NICTBB).
“While this development is positive and targets to push the country’s economic wheels even further, there are challenges of some saboteurs who vandalise TTCL infrastructure; as the head of the security committee in the region, let me assure the management that we shall deal with such culprits,” said Mr Gambo.

ADESINA CHAIRS SESSION ON INFRASTRUCTURE FINANCING AT WALL STREET JOURNAL'S “INVESTING IN AFRICA” CONFERENCE IN LONDON


Leading investors, business executives, entrepreneurs and policymakers in Africa gathered in London at the Dow Jones News Building on March 7, 2017, for The Wall Street Journal’s one-day “Investing in Africa” conference to discuss technology, infrastructure, policy development and the growing private-sector role in the transformation of the continent.

African Development Bank President, Akinwumi Adesina, was in the thick of the action, meeting several top investors and entrepreneurs, as well as greeting friends old and new from international capitals.

The evidence is that African investment is rising fast on the global financial agenda, as is the African Development Bank, which a majority of participants in an online poll agreed was likely to overtake the World Bank and the IMF in African investment deals within a decade.

KIKWETE FOUNDATION FOR LAUNCH


FORMER President Jakaya Kikwete (pictured) will today launch the Jakaya Mrisho Kikwete Foundation (JMKF) that envisages working for Africa and the country’s development largely to address major issues in the society.
According to a statement issued in Dar es Salaam yesterday, JMKF will focus on sustainable development, health, education and good governance as well as peacekeeping.
“After the launch, former President Kikwete will address the media, for the first time since he relinquished power on November 5, 2015,” read the statement.
Mr Kikwete, who handed over power to President John Magufuli sixteen months ago, will launch the foundation amid leading the Board of Trustees Meeting in Dar es Salaam before talking to the media.
The former head of state, the statement said, has decided to tackle the four issues of sustainable development, health, education and good governance to which he dedicated a lot of efforts during his 10 years in State House.

Thursday, 9 March 2017

RISE IN FOOD PRICES PUSHES INFLATION UP

A woman cooks food. Maize flour prices rose last month, driving inflation up. PHOTO | FILE 

Dar es Salaam. The year-on-year inflation rose to 5.5 per cent in February from 5.2 per cent in January, the National Bureau of Statistics (NBS) said yesterday, attributing the change largely to increasing food prices.
With a weighting of 38.5 per cent, food and non-alcoholic beverages are the biggest driver of inflation in the country.
“That means the speed of price increase for commodities in the year ending February 2017, has increased as compared with the speed of price increase recorded for the same period in the previous month,” said the NBS acting labour and price statistics manager, Ms Ruth Minja.
The increase in the headline inflation was attributed to price increase of mainly food items, according to her. Some of the food items that contributed to an increase in inflation include maize grain, rice, maize flour, sorghum, green bananas and beans.

UZINDUZI WA HISA ZA VODACOM PLC

                            

DODOMA RECORDS RISE IN REAL ESTATE

   

    In Summary
   The firm’s planning officer, Mr Said Mohamed, said they had decided to chip-in and invest in the country’s administrative capital city in order to allow government officials to own modern and low-housing.
   He said his firm was using cheap but steady building technologies and that a simple three-room house would be marketed at between Sh16million and Sh18million.
Dodoma. Dar es Salaam-based Global Agency Limited is expecting to invest in the real estate industry in Dodoma Region, it has been learnt.
The firm’s planning officer, Mr Said Mohamed, said they had decided to chip-in and invest in the country’s administrative capital city in order to allow government officials to own modern and low-housing.
He said his firm was using cheap but steady building technologies and that a simple three-room house would be marketed at between Sh16million and Sh18million.
“We have decided to play our part in supporting the government’s smooth relocation of its seat from Dar es Salaam to Dodoma by ensuring that officials own houses at affordable costs,” he explained.

SHUHUDIA TUKIO LA UZINDUZI WA UUZWAJI WA HISA ZA VODACOM TANZANIA

BARCLAYS BANK TANZANIA CELEBRATES INTERNATIONAL WOMEN'S DAY

Some Barclays Bank Tanzania women workers, posing for a souvenir photograph during a function to mark the International Women Day celebrations in Dar es Salaam on Wednesday.

March 08, 2017 Dar es Salaam, Tanzania; Barclays Bank Tanzania has celebrated the international women’s day in consideration of the global theme #BeBoldForChange. The day was widely celebrated by all Barclays staff across the country including the head office where all the women were dressed in black attire and wore blue and white scarfs with the words “I’m Bold For Change”.

“This is a special day for all the women around the world and especially all the women working at Barclays. It’s been over 20 years since the Beijing declaration where we saw all women around the world fight for equal rights with men. I am happy to be among my fellow women to engage in inspirational talks, discussions on development and opportunities for women in Barclays”, said the Barclays Bank Tanzania Limited Board Member, Ms Fatma Karume.


VODACOM SEES PROFIT SOARING BY 100PC AFTER SALE OF SHARES

In Summary
Telco says Sh47 billion net profit expected to double to Sh96bn a year after its initial public offering set to open today.
Vodacom is Tanzania’s market leader controlling 31 per cent share of the mobile subscription by December 2016, according to the Tanzania Communications Regulatory Authority

Dar es Salaam. Vodacom Tanzania Public Limited Company is promising its prospective investors that the company’s profits will more than double during its first year of trading at the Dar es Salaam Stock Exchange (DSE).

The telecom company is selling 560 million shares worth Sh476 billion through an initial public offering (IPO) to comply with the Electronic and Postal Communications Act of 2010 which requires telecommunications firms to offload 25 per cent of their stake to the public.

The share price will be Sh850. One can buy a minimum of 100 shares. 

Vodacom will hold its news conference today on the IPO. Stockbrokers say it’s a big thing which is making them busy even before the beginning of sale of shares.

PRECISION AIR TO RESUME FLIGHTS TO ENTEBBE


Tanzania leading airline Precision Air has announced its intention to relaunch flights to Uganda through the Entebbe International Airport.

The scheduled flights are expected to start from 1st July 2017.

The announcement, which was made through a press release circulated to the media yesterday stated that Precision Air will operate four flights per week with two direct flights from Dar es Salaam and two via Kilimanjaro.

Commenting on the relaunch, Precision Air’s Commercial Director Mr. Robert Owusu, stated that the decision to relaunch flights to Entebbe came after a market study which revealed that there was demand for flights between Tanzania and Uganda.

Wednesday, 8 March 2017

VODACOM IPO TAKES OFF TOMORROW

VODACOM Tanzania initial public offer (IPO), the biggest in history of Dar bourse, is staged to take off tomorrow after it was approved by the Capital Markets and Securities Authority last week.


CMSA Principal Public Relations Officer, Charles Shirima told the ‘Daily News’ yesterday all have been set for the launching of the IPO where the mobile phone company plans to raise 476bn/- ($213 million) in a share sale, the first of a series of initial public offerings by telecommunications companies on the domestic stock exchange this year.
Vodacom, the country’s largest operator plans to sell 560 million shares at 850/- each. 
Under the Finance Act of 2016, which amended the Electronic and Postal Communications Act of 2010, the government made it a legal requirement for the country’s telecoms operators to float 25 per cent of their shares on the DSE so as to boost local ownership of the mobile telephone companies.
The IPO will be restricted to Tanzanians only.

VODACOM TANZANIA KUANZA RASMI KUUZA HISA ZAKE KWA WAWEKEZAJI

Mkurugenzi Mtendaji wa kampuni ya Vodacom Tanzania, Ian Ferrao

Kampuni ya simu za mkononi nchini Vodacom Tanzania itakuwa kampuni ya kwanza inayotoa huduma za mawasiliano kuuza hisa zake katika soko la hisa la Dar es Salaam maarufu kama “DSE”. 

Hii inafuatia rasimu ya waraka wa matarajio (Prospectus) na maombi yaliyotumwa kwenye Mamlaka ya Masoko ya Mitaji na Dhamana (CMSA) kukubaliwa.  CMSA ndiyo mamlaka inayosimamia masoko ya mitaji na dhamana nchini.

CEMENT PLAYERS BRACE FOR STIFFER COMPETITION

MORE intense competition is expected in the cement industry as more players enter the market attracted by prospects of making profit big time from a spate of planned infrastructure mega projects and lucrative export market.
The new kid on the block will be a 1.0 billion US dollar cement factory to be constructed in Tanga from May, this year, by a Chinese investor Hengya Cement. It will enter the market complained by local players to suffer from over capacity which has forced cement prices down and reduced their profit margins.
The envisaged cement plant in Tanga billed to be the largest plant in sub-Saharan Africa will focus on export market and the investors will build a wharf to aid exports.

HUAWEI'S AAU SOLUTION AWARDED BEST MOBILE INFRASTRUCTURE AT MWC 2017

Huawei accepting the Best Mobile Infrastructure award at MWC 2017

[Barcelona, Spain, February 28, 2017] Huawei's active antenna unit (AAU) solution won the Best Mobile Infrastructure award at the Mobile World Congress (MWC) 2017. This award recognizes Huawei's innovation in mobile network infrastructure and next-generation base station solutions. Organized by the GSMA, MWC is the world's most influential mobile communications event, and the GSMA Global Mobile Awards are considered the most prestigious in the industry.
Huawei AAUs integrate radio units and antenna devices through an upward movement of radio functions from distributed base stations to antenna devices. This is Huawei's new-generation base station solution following the release of distributed base stations. "Huawei's AAU solution is the result of constant innovation against operators' network requirements in diverse application scenarios. This solution will continue to be improved for a smooth network evolution." Mr. Zhou Yuefeng, CMO of Huawei Wireless Network, highlighted, "With the rapid development of MBB, new services such as VR, 
HD video, and wireless home broadband pose an increasingly high requirement for network capacity. At the same time, operators need to continuously reduce the total cost of ownership (TCO).

Tuesday, 7 March 2017

DAR ES SALAAM STOCK EXCHANGE MARKET REPORT FOR THE WEEK ENDING MARCH 3rd, 2017

DSE Market Capitalization for Week Ending 3rd March, 2017
Friday 3rd March saw the DSE Total Market Cap increase by TZS 235 Billion and close the week at TZS 20.3 Trillion compared to the previous Friday recorded cap of TZS 20.1 Trillion. However, domestic market capitalization remained the same this week at TZS 7.4 Trillion. This was also demonstrated by a 27-point increase equivalent to a 1.2% increase on the DSEI index which represents all stocks listed on the DSE.

DSE Market Activity for Week Ending 3rd March, 2017
Bonds
The week ending Friday 3rd March recorded a weekly market turnover of TZS 1.08 Billion on its bond market activity, compared to TZS 56.7 Billion traded the previous week. Three (3) Government Bonds with a face value of TZS 1.33 Billion were bought and sold on the market at a total value of TZS 1.08 Billion.

Shares 
Market turnover on shares decreased 40% from TZS 8.6 Billion traded the previous week to TZS 5 Billion traded this week. However the volume of shares traded increased from 1,200,000 shares to 2,200,000 shares. The market leaders in contributing to equity market turnover were TWIGA CEMENT by 81.5%, TBL by 13.5% and DSE by 2.6% of total equity market turnover (i.e. of the TZS 5 Billion equity market turnover).


Top Winners
Company
 Previous Week 
 This Week 
% Change
USL
60
70
16.67%
KA
130
140
7.69%
NMG
1,790
1,910
6.70%


Top Losers

Company
 Previous Week 
 This Week 
% Change
KCB
560
510
-8.93%

MAHIGA: HERE COMES SADC WITHOUT FRONTIERS

Foreign Affairs and East African Cooperation Minister,
Ambassador Augustine Mahiga.
The Southern African Development Community is working on the region’s new passports acceptable across the SADC bloc, aiming to rekindle its economy through improved movement of its people.

If all it comes to pass, the SADC nations would wield the most powerful passports in the continent followed by the East African passport. A 2017 Index by the World Economic Forum (WEF) shows the powerful passport measured in terms of the number of countries one can travel to visa-free as Seychelles (126), Mauritius (118), South Africa (90) and Tanzania at 12 places with access to 62 destinations without a visa.

African Union (AU) Heads of State launched the continentwide passport in July, last year, just four months after the EAC released its e-passport in Arusha. The EAC and AU passports come into operation on January 2017 and 2018 respectively.

The Minister of Foreign Affairs and East African Cooperation, Ambassador Augustine Mahiga, told the ‘Daily News’ exclusively the new passports would transform the economies among the member states.

Tanzania is a member of both EAC and SADC. Other SADC members are: Angola, Botswana, Democratic Republic of Congo, Lesotho, Madagascar, Malawi, Mauritius, Mozambique, Namibia, Seychelles, South Africa, Swaziland, Zambia and Zimbabwe.

CRDB BANK PLC BOARD MEMBER VACANCY

MINISTER: GOVERNMENT'S RELOCATION TO DODOMA CREATES OPPORTUNITIES


Envoys representing their countries in Tanzania and representatives of the international organisations have been asked to utilise various investment opportunities, as the government relocates from Dar es Salaam to the designated capital of Dodoma.

The plea was made by the Minister of Foreign Affairs and East African Cooperation, Dr Augustine Mahiga, in Dar es Salaam yesterday, during a special meeting to inform them the government’s intention to relocate from Dar es Salaam to Dodoma.

“The decision to relocate the country’s headquarters has created various investment opportunities in different sectors, starting from the construction sector, business and other social services, therefore, I urge you to lobby investors from your countries to grab these opportunities,’’ said the Minister.

POMBE ZA VIROBA ZENYE THAMANI YA SHILINGI BILIONI 10.8 ZIMEKAMATWA JIJINI DAR ES SALAAM

Mwanasheria toka Baraza la Taifa la Usimamizi wa Mazingira (NEMC) Bw. Manchare Heche akionesha kwa waandishi wa habari moja ya pombe kali aina ya Nguvu zilizokamatwa wakati wa operesheni inayoendelea mapema leo hii jijini Dar es Salaam wakati wa siku ya nne ya operesheni ya kusaka wasambazaji wa kinywaji hicho ambacho Serikali imepiga marufuku kutumika.
Msimamizi wa ghala la Love kira  Enterprises lililopo Wazo Bi. Sia Mboya (kushoto) akitoa maelekezo kwa Mwanasheria toka Baraza la Taifa la Usimamizi wa Mazingira (NEMC) Bw. Manchare Heche (katikati) wakati wa operesheni ya kuondoa pombe hiyo katika soko, kulia ni Afisa Afya toka Manispaa ya Kinondoni Bw. John Kijumbe.
Gari lililokutwa limebeba pombe kali aina ya kiroba original likiwa limeegeshwa nje ya duka la kuuzwa vinywaji la Love Kira lililopo Wazo jijini Dar es salaam mapema leo.

Na: Lilian Lundo – MAELEZO
Pombe kali zilizofungashwa katika vifungashio vya plastiki  maarufu kama ‘viroba’ zenye thamani ya shilingi Bilioni 10.8 zimekamatwa Jijini Dar es Salaam katika msako wa pombe hizo uliofanyika kuanzia Machi 01 mpaka 03, mwaka huu.
Hayo yamesemwa na Waziri wa Nchi, Ofisi ya Makamu wa Rais (Muungano na Mazingira) January Makamba  leo Jijini, Dar es Salaam alipokuwa akiongea na waandishi wa habari kuhusu operesheni ya utekelezaji wa maelezo ya Serikali ya kusitisha pombe hizo za viroba hapa nchini kuanzia Machi 01, mwaka huu.
“Jumla ya katoni 99,171 za pombe kali zilizofungashwa kwenye vifungashio vya plastiki (Viroba) zimekamatwa ambapo katoni 69,045 ni zenye ujazo wa  na mililita 50, katoni 29,344 zenye ujazo wa mililita 100, katoni 782 zenye ujazo wa mililita 90 pamoja na katoni 10,625 za chupa zenye ujazo wa mililita 100. Thamani yake ni Shilingi Bilioni 10.83,” alifafanua Makamba.

MAXMALIPO EYES IPO

A LEADING electronic payment solutions provider, Max Africa has filed a prospectus with Capital Markets and Securities Authority (CMSA) for initial public offer (IPO).

The firm, operating in Tanzania, Rwanda and Burundi, filed the prospectus with CMSA a week ago conforming with Electronic and Postal Communication Act of 2010 and the Finance Act 2016.
CMSA Principal Public Relation Officer Charles Shirima told the ‘Daily News’ that they were working on Max- Malipo’s prospectus and the public would be notified of the results soon. “At the moment we are working on the prospectus which we received about a week ago, other information are confidential until the document is approved,” he said.
Maxcom Managing Director JumaRajabu could not be reached for comments. Going by the new telecoms law, MaxMalipo which falls under is required to offload 25 per cent stake. However, neither the size of the IPO nor the price per share is known.

LIQUOR FIRM SUPPORTS BAN ON ‘VIROBA’

In Summary
In a statement, Nyati Spiritz Ltd said the ban did not involve packaging of alcohol in glass and plastic bottle, therefore, manufacturers who met the government’s new regulations should not be worried.

Dar es Salaam. Following the government’s ban on the packaging of alcohol in sachets, commonly known as ‘viroba’, one of the country’s biggest liquor companies says it supports the move, despite an outcry from other firms that the decision would negatively affect their operations.

In a statement, Nyati Spiritz Ltd said the ban did not involve packaging of alcohol in glass and plastic bottle, therefore, manufacturers who met the government’s new regulations should not be worried.

Government banned the sachets to curb a potential disastrous health effect on millions of young Tanzanians who had easy access to ‘viroba’, which were being sold on roadsides, and along basic food items in neighbourhood tuckshops.

The ban was also aimed at plugging tax loopholes amid revelations that some manufacturers of the ‘viroba’ plastics were supplying the black market, causing the government losses in potential revenue running into hundreds of million shillings every year.

NEW HOPE FOR CREDIT SUPPLY AS CENTRAL BANK EASES POLICY


In Summary
The central bank said it reviewed downward the discount rate – the interest rate at which it charges for lending to other banks – from 16 per cent to 12 per cent starting today and experts said the move could lead to reduced lending rates to customers by commercial banks as well as an improvement in money supply to the economy.

Dar es Salaam. There is hope for possible improvement in credit to the private sector after the Bank of Tanzania (BoT) slashed the discount rate by four percentage points effective from today.

The central bank said it reviewed downward the discount rate – the interest rate at which it charges for lending to other banks – from 16 per cent to 12 per cent starting today and experts said the move could lead to reduced lending rates to customers by commercial banks as well as an improvement in money supply to the economy.

It is a major policy stance taken by the central bank since President John Magufuli came to power in November 2015 and initiated measures that led to a credit squeeze by banks to the private sector.

Early last year, for example, the government ordered ministries, public corporations and local government authorities to immediately transfer cash that had been deposited in commercial banks, to the BoT, a move that saw about Sh500 billion mopped off commercial banks.