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THE business community in Morogoro can take a sigh of relief as the Local Government Authority has agreed to reduce the local service levy imposed on businesses in the region as proposed by the Tanzania Chamber of Commerce, Industry and Agriculture (TCCIA).

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TANZANIANS financial behaviour on how to generate and manage incomes in the last few years will feature high on findings of a new FinScope report.

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H.E. Mr.Augustine Phillip Mahiga. UN Photo

Business

TANZANIA plans to reduce unemployment rate by slightly over 2.0 per cent in the next two years to 8.0 from 10.3 per cent.

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THE first border operating ‘Duty-Free’ shopping centre to specifically deal with cultural ornaments, folk artefacts and traditional garments is to be established along the Kenya-Tanzania border at Namanga.

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CRDB Bank yesterday donated 200m/- toward construction of Dar es Salaam public schools - primary and secondary - teachers’ offices.

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THE government in collaboration with various food processing industries is setting plans to boost production and supply of wheat flour in the East African region, Permanent Secretary in the Ministry of Trade and Investment, Prof Adolf Mkenda said yesterday.

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VODACOM Tanzania has announced dividend merely two months after listing on Dar es Salaam Stock Exchange (DSE).

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THE Arusha based Kilimanjaro International Institute for Telecommunications, Electronics and Computers (KIITEC) has launched its 30KW solar power plant and solar laboratory, making it the centre of training excellence for renewable energy in East Africa.

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OVER 100 villages in border areas are set to benefit with communications services, thanks to an agreement between a mobile telecommunication firm, Halotel Tanzania and the Universal Communication Services Access Fund (UCSAF).

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THE state-owned Tanzania Telecommunication Company Limited (TTCL) needs to set up business strategies that will help to boost its market share in the competitive telecom industry, the Minister of Works, Transport and Communication, Prof Makame Mbarawa said.

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MAENDELEO Bank is set to become the first firm to graduate from Dar es Salaam Stock Exchange (DSE)’s lower market to the main investment market (MIM) in December after meeting the qualifying requirements.

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THE Mwanza Regional Commissioner Mr John Mongela has challenged industries to buy locally farmed and produced raw materials instead of importing them and deny local producers capacity to expand their businesses.

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IT was all smile for residents of Arusha, Kilimanjaro and Manyara regions yesterday following inauguration of a 26- kilometres road from Kilimanjaro International Airport (KIA) to Mirerani, a small mining town and the only place in the world where the violet-blue gemstone, Tanzanite is found.

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CHARGING of high prices arising from anti-competitive practices such as cartels is a major challenges facing investors and consumers in East African region and impeding effective competition in the markets, the East African Community (EAC) Secretary General, Mr Liberat Mfumukeko has said.

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VODACOM shares at the Dar es Salaam Stock Exchange have gone down by almost 9.41 per cent to trade below the initial public offering price barely two months since it listed at the market.

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THE average price of fertiliser in Lindi are said to be over 40 per cent higher than the regional indicative price, according to the fertiliser regulatory authority (TFRA).

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THE Second Vice President Ambassador Seif Ali Idd has pleaded with the business community to join hands in improving health services in the country.

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THE Tanzania Petroleum Development Corporation (TPDC) and Tanzania Electric Supply Company Limited (TANESCO) have paid Wentworth Resources Ltd 2.0 million US dollars for outstanding invoices for gas sales.

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TANZANIA needs businesses that manage increasingly complex process of producing, trading and distributing goods and services to contribute to sustainable growth, the Bank of Tanzania Governor, Prof Benno Ndulu has said.

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TIB Corporates bank has started issuing bid bond guarantees that does not require applicants to provide any form of security in effort to support development sectors.

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MBEYA traders have been told to shun witchcraft practices in running their businesses and instead enrol in entrepreneurial trainings and follow proper financial management.

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AS the government continues to improve environment of doing business and promote investments in the country, there is need for strengthening trade ties in the East African region and the world at large.

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THE East African currencies have shown strong level of stability fluctuating either side insignificantly against US dollar in the first half of this month.

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PETRA Diamonds has resumed operations at its Williamson mine after a four-day stoppage, it said yesterday, adding that its full-year production target remains unchanged.

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PEOPLE’s Bank of Zanzibar (PBZ) customers can now smile following a contract signed between PBZ and the ‘CPS Live Limited’ on house mortgage. The signed deal enables PBZ’s depositors to rent or own a house.

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AT least 50 households in Mpale village, Korogwe District have been connected to solar micro-grid during a project launched between the United Nations Capital Development Fund (UNCDF) in collaboration with Ensol Tanzania Ltd.

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TANZANIA Breweries Limited (TBL) emerged the top trading equity at the Dar es Salaam Stock Exchange (DSE) last week at 95 per cent of the market share.

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TANZANIA is among few countries in Africa expected to multiply production of Irish round potatoes thanks to increased partnership between the public and private sectors through smallholder farmers and stakeholder.

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THE East African Business Council (EABC) has called on the East African Community (EAC) partner states to fast track the process of airspace liberalisation in a bid to reduce the cost of doing business in the region.

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BRAZIL has officially cancelled 203 million US dollars debt owed by Tanzania accrued from a loan secured from the South American economic power house in 1979 for construction of Morogoro-Dodoma road.

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THE second East African Business and Entrepreneurship Conference and Exhibition (EABC), which was set to take place on September has been rescheduled to November, 2017 following the demise of EABC chairman and the latest development in Kenyan election process.

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TANZANIA Tourist Board (TTB) has been offered an opportunity to place advertisements from Julius Nyerere International Airport (JNIA) through Nyerere road to various parts of Dar es Salaam city for free in a bid to promote tourism through advertisements.

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NEEC Executive Secretary, Ms Beng’i Issa

Business

THE National Economic Empowerment Council (NEEC) yesterday signed an agreement with the Public Procurement Regulatory Authority (PPRA) to build capacity of Small and Medium Entrepreneurs (SMEs) to participate in procurement bids.

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