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EARNINGS from tourism rose by 4.2 per cent in the year ending in October last year to 2,148.9 million US dollars compared to 2,061.8million US dollars in the corresponding period 2016, due to increase in the number of tourist arrivals.

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REVIEW of annual tourism licence fees will greatly allow small local tourism practitioners particularly women to participate in operating tours, the Chairperson of the Association of Women in Tourism Tanzania (AWOTTA) Ms Mary Kalikawe has said.

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CREDIT to private sector declined in October last year due rise in risk premium associated with increase in non-performing loans and banks’ preference to low risk government securities.

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EARNINGS from tourism rose by 4.2 per cent in the year ending in October last year to 2,148.9 million US dollars compared to 2,061.8million US dollars in the corresponding period 2016, due to increase in the number of tourist arrivals.

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REVIEW of annual tourism licence fees will greatly allow small local tourism practitioners particularly women to participate in operating tours, the Chairperson of the Association of Women in Tourism Tanzania (AWOTTA) Ms Mary Kalikawe has said.

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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.

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PRICE and supply of cattle at Pugu auction registered a decline on the first and second week of January but did not have impact on the retail businesses in the city.

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MWALIMU Commercial Bank (MCB) has introduced a new savings account dubbed ‘Tukutane Januari’ encouraging customers to save for easing the January woes.

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ACACIA Mining has posted 30 per cent decrease in quarter four gold production as it continues to support the efforts towards achieving resolution with the government.

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THE East African Business Council (EABC) has named a six-member panel of judges to adjudicate entries in the Business Excellence Awards (BEAs).

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SHARE prices of three counters at the Dar es Salaam Stock Exchange (DSE) appreciated and pushed up domestic market capitalisation by 5.5 per cent to 10.27tri/- in the fourth quarter 2017 from 9.74tri/- of the third quarter.

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BUSINESS stakeholders at Simu 2000 commuter bus station have asked the Surface and Marine Transport Regulatory Authority (Sumatra), to increase the number of commuter buses at the station from the current 560 to at least 1,000 so as to ease transportation and boost business at the area.

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DAR ES SALAAM has what it takes to become the regional aviation hub thanks to expansion of the Julius Nyerere International Airport (JNIA), domestic airlines and supporting aviation ecosystem, according to an aviation expert.

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PRIVATE sector has been advised to hire skilled workers and pay them reasonably in order to increase efficiency and profitability.

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THE aviation sector is tipped to grow by over ten per cent in the coming years, thanks to good policy laid on the ground.

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TANZANIA has the lowest inflation rate than the rest in East Africa that decreased further to 4.0 per cent from 4.4 per cent recorded in November, 2017. The overall index went up to 109.21 in December, 2017 from 105.04 recorded in December, 2016.

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THE regional currencies have opened the year at a mixed reaction while some gaining others losing grounds against a US dollar.

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TANGA Fresh has set up a cost-effective driving strategic plan set to empower local cattle farmers to increase milk production as experts tipping the sector growth to 3.5 per cent in three years.

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THE Marine Service Company Limited (MSCL) has launched trips to Port Bell Uganda by using its cargo ship ‘MV Umoja’, the ‘Daily News’ has learnt. MV Umoja made its first trip to Port Bell in Uganda on December 23, 2017.

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BUSINESS activities in Dar es Salaam yesterday came to a standstill as downpour pounded the city and its suburbs, paralysing transport, devastating properties and economic activities.

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THE Dar es Salaam Stock Exchange (DSE) started the year strongly after posting 2.45bn/- turnover, which is equivalent to 544.93 per cent compared to 0.38bn/- of the last week of 2017.

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THE new Bank of Tanzania (BoT) governor Prof Florens Luoga yesterday assumed the office with the Bank licencing new commercial bank, the Guaranty Trust Bank (Tanzania) Limited.

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BEKO Electronic has offered a one-day seminar to 100 technicians and various stakeholders on identifying counterfeit products. The seminar conducted yesterday by Beko’s main distributor, Darworth Limited, centred on safeguarding customers on procuring better and quality electrical products.

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TANZANIA Tooku Garments Company Limited, producing clothing for the US market is set for expansion to increase production in order to meet demand in the market.

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THE retail prices of maize have drastically plummeted along the Lake Rukwa Basin in Sumbawanga District due to lack of reliable and competitive markets.

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SVENTEEN groups of sugarcane farmers in Kilombero have become cooperatives after meeting set requirements and already awarded certificates.

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VALUE Added Tax (VAT) removal on transit cargo has fuelled the increase of a number of containers handled at the port by 35.5 per cent, last year. The government in 2016/17 budget scraped off VAT on transit goods, hence increased transit traffic.

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NATIONAL Investment Company (NICOL) Investment has finally submitted a re-listing application to Dar es Salaam Stock Exchange. The mutual fund submitted the re-listing application this week and is under the bourse committee for evaluation.

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BANK of Tanzania said yesterday that NMB Bank has shown keen interest on turning around struggling Tanzania Women’s Bank (TWB).

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SWALA Oil and Gas wants to intensify its presence in the country by buying 20 per cent stake in Orca’s Exploration Group’s PAE PanAfrican Energy Corp. The firm, bids to acquire the stake at 130million US dollars, however, is waiting a shareholding meeting.

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BLACK Rock Mining has said the successful of Mahenge graphite, excellent grade and mining characteristics, is the opening day, as demand expected to soar this year. Black Rock Chief Executive Officer (CEO), John de Vries he knows what a good mine “looks like."

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AS part of its corporate social responsibility (CSR), Tatu Mzuka Jackpot has donated 5m/- for the roofing of the police post in Mbande area, Temeke District in Dar es Salaam Region to curb the increasing number of crimes.

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THE first 10 years treasury bonds received high investors’ attention resulting into oversubscription. The government, through Bank of Tanzania (BoT), wanted to raise 111bn/- but bids jumped to 180.2bn/- although at the end it retained 110.9bn/- as successful amount.

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