“BENKI YA I&M YAANZA MAADHIMISHO YA KUTIMIZA MIAKA 10 KWA KURUDISHA KWA JAMII YA ARUSHA ”

I&M Bank Tanzania CEO, Mr. Baseer Mohammed explaining about the Bank’s donation to the Minister of Education, Science, Technology and Vocational Training, Hon. Professor Joyce Ndalichako.

Minister of Education, Science, Technology and Vocational Training, Hon. Professor Joyce Ndalichako and Regional Commissioner of Arusha, Hon. Mrisho Gambo in smiles after receiving 100 desks and chairs from I&M Bank Tanzania.

Minister of Education, Science, Technology and Vocational Training, Hon. Professor Joyce Ndalichako and Regional Commissioner of Arusha, Hon. Mrisho Gambo in a group photo with representatives from I&M Bank and other regional leaders.

I&M Bank officials led by the Bank’s CEO Mr. Baseer Mohammed in a group photo with the students of Mrisho Gambo Secondary School.

A snapshot of desks and chairs donated by I&M Bank to the Mrisho Gambo Secondary School in Arusha.

Arusha, Tanzania – Benki ya I&M kupitia sera yake ya kurudisha kwa jamii “Corporate Social Responsibility” imetoa msaada wa meza na viti 100 ili kuboresha mazingira ya kujifunzia katika shule ya sekondari ya Mrisho Gambo iliyopo jijini Arusha. Akizungumza katika hafla ya kukabidhi vifaa hivo mbele ya Waziri wa Elimu, Sayansi, Teknolojia na Mafunzo ya Ufundi, Mh.Joyce Ndalichako, Afisa Mtendaji Mkuu wa Benki ya I&M Tanzania, Bw. Baseer Mohammed amesema Benki ya I&M inaitazama nchi ya Tanzania kiupekee katika kuchangia uchumi wa nchi za Afrika ya Mashariki na hivo wajibu wa Benki ya I&M kama sehemu ya jamii ya Tanzania ni kuhakikisha inachangia katika ukuaji wa uchumi wa nchi kupitia utoaji wa huduma za kibenki kwa wateja wa reja reja, wafanyabiashara wadogo, wa kati na wakubwa.

WAZIRI MKUU KASSIM MAJALIWA, AREJEA NCHINI TOKEA MSUMBIJI ALIKOMWAKILISHA RAIS DKT. JOHN POMBE MAGUFULI, KWENYE UAPISHO WA RAIS WA MSUMBIJI, FILIPE NYUSI

Waziri Mkuu, Kassim Majaliwa, jana Januari 16, 2020 amerejea nchini kutoka Msumbiji, ambako alimwakilisha Rais John Pombe Magufuli, kwenye uapisho wa Rais wa Msumbiji Filipe Nyusi. Kushoto ni Rais Mstaafu wa Awamu ya Tatu, Benjamin Mkapa, ambaye pia alikuwepo katika msafara huo.

RAIS DKT. MAGUFULI AWAAPISHA MABALOZI WATEULE 4 IKULU JIJINI DAR ES SALAAM. JANUARI 14, 2020

Rais wa Jamhuri ya Muungano wa Tanzania Dkt. John Pombe Magufuli akimuapisha Balozi mteule Meja Jenerali Mstaafu Gaudence Milanzi kuwa Balozi wa Tanzania nchini Afrika kusini. Hafla iliyofanyika Ikulu Jijini Dar es salaam. Januari 14, 2020.

Rais wa Jamhuri ya Muungano wa Tanzania Dkt. John Pombe Magufuli akimkabidhi vitendea kazi Mhe. Balozi Meja Jenerali Mstaafu Gaudence Milanzi mara baada ya kumuapisha kuwa Balozi wa Tanzania nchini Afrika kusini. Hafla iliyofanyika Ikulu Jijini Dar es salaam. Januari 14, 2020.

Rais wa Jamhuri ya Muungano wa Tanzania Dkt. John Pombe Magufuli akimuapisha Balozi mteule Dkt. Modestus Francis Kipilimba kuwa Balozi wa Tanzania nchini Namibia. Hafla iliyofanyika Ikulu Jijini Dar es salaam. Januari 14, 2020.

Rais wa Jamhuri ya Muungano wa Tanzania Dkt. John Pombe Magufuli akisaini hati ya kiapo ya Mhe. Balozi Dkt. Modestus Francis Kipilimba baada ya kumuapisha kuwa Balozi wa Tanzania nchini Namibia. Hafla iliyofanyika Ikulu Jijini Dar es salaam. Januari 14, 2020.

BOARD MEMBERSHIP VACANCY AT VODACOM TANZANIA PLC

LETSHEGO GROUP APPOINTS NEW GROUP CEO

RAIS DKT. MAGUFULI AONGOZA KIKAO CHA BARAZA LA MAWAZIRI IKULU JIJINI DAR ES SALAAM. JANUARI 14, 2020

Rais wa Jamhuri ya Muungano wa Tanzania Dkt. John Pombe Magufuli akiongoza kikao cha Baraza la Mawaziri Ikulu jijini Dar es salaam. Januari 14, 2020.

Ikulu Blog

CLYDE & CO UPDATER - NEW PETROLEUM REGULATIONS ON THE CORPORATE INTEGRITY PLEDGE

In this month’s article, we discuss the key provisions of the New Petroleum Regulations on the Corporate Integrity Pledge. The Regulations require all licence holders and contractors undertaking petroleum or gas activities to comply with the integrity pledge.

The Regulations are made under section 223(3) of the Petroleum Act No.21 of 2015 (the Act). The Regulations entered into force on 1 November 2019, following their publication in the Government Gazette of the same date (Government notice number 782 of 2019).

Key definitions

Corporate Integrity Pledge is defined in the Regulations as a formal, unilateral and concrete expression of commitment by contractors, sub-contractors, licensee or any other person conducting petroleum operations to uphold corporate anti-corruption principles, abide by ethical business practices, support a national campaign on ethics and war against corruption.

Covered persons are:

1. all owners who are natural persons (other than shareholders who have an ownership interest of less than 5% and acquired the ownership interest through public trading); and
2. all officers, directors and employees of the contractor, sub-contractor or licensee with responsibilities relating to petroleum activities and operations.

The Regulations govern corporate integrity pledge programmes related to upstream, midstream and downstream activities in Mainland Tanzania and Zanzibar, and are enforced by the Petroleum Upstream Regulatory Authority (PURA) and the Energy and Water Utilities Regulatory Authority (EWURA).

The corporate integrity pledge

The objectives of the corporate integrity pledge are to:

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FANYA WIKIENDI YAKO KUA SUPA KWA MALIPO RAHISI NA TEMBOCARD VISA KUTOKA BENKI YA CRDB

LIPA ADA FASTA KWA SIMBANKING KUTOKA BENKI YA CRDB

DSTV INAKULETEA UTAMU KOLEA NA MAISHA MAGIC BONGO

BOFYA HAPA KWA TAARIFA ZAIDI

READ ONE BOOK EVERY MONTH AS IF YOUR LIFE DEPENDS ON IT AND WATCH COSTLY HABITS DIE

BOON FOR AFRICAN SMALL AND MEDIUM-SIZED ENTERPRISES (SME) AS AFRICAN GUARANTEE FUND RECEIVES USD 33 MILLION CAPITAL INCREASE

The African Guarantee Fund is focused on its goal to provide financial guarantees for over 10,000 SMEs annually through partner financial institutions
NAIROBI, Kenya, January 9, 2020/ -- Africa’s leading Guarantee Institution, African Guarantee Fund (AGF) (http://www.AfricanGuaranteeFund.com/) has received an additional USD 33M financing from German lender KfW Development Bank, in a move that will catapult AGF’s efforts to enable African SMEs continue to play their critical role in driving Africa’s economy.

This new financing comes at a time when the continent's SME sector has been singled out as a key driver of growth. This now places AGF firmly on the driver’s seat as the champion that eases access to financing for SMEs across the continent.

The African Guarantee Fund is focused on its goal to provide financial guarantees for over 10,000 SMEs annually through partner financial institutions and as a trickledown effect, create 30,000 jobs per year.

JOB VACANCIES AT EQUITY BANK TANZANIA

MOBILE MONEY IS IMPROVING TANZANIA’S LEVEL OF FINANCIAL INCLUSION

In recent years, mobile money has become a hot-topic in Tanzania, having become one of the key drivers of economic development across the country.

An ever-increasing body of evidence has shown that the benefits associated with mobile money are contributing to the country’s digital transformation and helping it achieve its 2025 development goals.

One way in which mobile money has done this is through improving the country’s level of financial inclusion.

Mobile money has provided both individuals and businesses with an effective and reliable method to save and invest their money, as well as access to a range of other financial services, including digital payments.

MORE IS NEEDED TO ENSURE LONG-TERM GROWTH FOR THE TELECOMS SECTOR

The new year is a time when people often reflect on the last twelve months, assessing both successes and shortfalls, and how to make improvements for the next year.

With the start of a new decade however, people are now reflecting on the past ten years, as well as looking forward to what the new decade may bring.

The 2010s undoubtedly brought many changes. One of the starkest of these changes has been the continued rise of technology, primarily mobile technology.

Nowadays, mobile phones and access to mobile technology are relatively commonplace. There are currently over 25 million unique mobile users in Tanzania.

Did you know that in 2010, however, there were as few as 15 million?

SIMPLE SAVING TIPS TO HELP YOU BEAT THE JANUARY CRUNCH

VACANCIES AT AML FINANCE LIMITED; NON - EXECUTIVE DIRECTORS

CLYDE & CO UPDATER - NEW BANK OF TANZANIA REGULATIONS ON FINANCIAL CONSUMER PROTECTION

In this article, we provide an overview of the new Bank of Tanzania (Financial Consumer Protection) Regulations 2019 (the Regulations) which were published in Government Notice No. 884 on 22 November 2019.

In summary the new regulations:

1. Introduce a variety of protections for consumers in terms of how financial service providers offer, market and deal with complaints related to the financial services that they offer to consumers; and
2. Set out the powers that the Bank of Tanzania has in terms of enforcing non-compliance with the Regulations.

Key definitions under the Regulations

• Financial education means imparting financial knowledge, skills and influencing financial behaviour of consumers to enable them to manage their personal financial matters and make informed decisions
• Financial consumer protection means laws, institutions, practices and policies to safeguard consumer rights, enable consumers to make informed financial decisions and ensure fairness in the provision of products and services by financial service providers
• Financial service provider means an institution licensed, regulated and supervised by the Bank of Tanzania
• Senior management for the purpose of Regulation 6 includes the chief executive officer, head of function, any other senior officer reporting to the chief executive officer and any other person other than members of the Board of Directors who participates in making decisions that affect the whole or substantial part of the business of the financial service provider

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BENKI YA DCB YAHAMASISHA WATANZANIA KUIFANYA DCB SKONGA SULUHISHO LA ELIMU YA WATOTO WAO

Balozi wa akaunti maalumu ya DCB Skonga ya Benki ya Biashara ya DCB, Angel Joachim (wa tatu kushoto), akizungumza na baadhi ya wateja waliofika maeneo ya Mlimani City Dar es Salaam hivi karibuni kuhusu faida za akaunti hiyo inayompa mteja uhakika wa elimu ya mtoto wake hadi chuo kikuu hata itakapotokea majanga yatakayosababisha ulemavu wa kudumu ama kifo.

Balozi wa akaunti maalumu ya DCB Skonga ya Benki ya Biashara ya DCB, Irene William (kulia), akizungumza na wateja waliofika katika banda la benki hiyo katika maeneo ya Mlimani City Dar es Salaam hivi karibuni kuhusu faida za akaunti hiyo inayompa mteja uhakika wa elimu ya mtoto wake hadi chuo kikuu hata atakapopata ulemavu wa kudumu au kifo.

Balozi wa akaunti maalumu ya DCB Skonga ya Benki ya Biashara ya DCB, Hadija Kimaro (kushoto), akizungumza na wanafunzi waliofika katika banda la benki hiyo katika maeneo ya Mlimani City Dar es Salaam hivi karibuni uhusu faida ya akaunti hiyo inayompa mteja uhakika wa elimu ya mtoto wake hadi chuo kikuu hata atakapopata majanga yatakayosababisha ulemavu wa kudumu ama kifo.

Balozi wa akaunti maalumu ya DCB Skonga ya Benki ya Biashara ya DCB, Neema Mziray (kulia), akizungumza na baadhi ya watu waliofika katika banda la benki hiyo katika maeneo ya Mlimani City Dar es Salaam hivi karibuni kuhusu faida na jinsi ya kujiunga na akaunti hiyo inayomhakikishia mteja uhakika wa elimu ya mtoto wake hadi kufika chuo kikuu hata yanapotokea majanga yatakayosabisha ulemavu wa kudumu ama kifo. Kutoka kushoto ni Mkuu wa kitengo cha Huduma kwa wateja wa kampuni ya Bima ya Jubilee Insurance, Dk. Maria Janja na Mfanyabiashara wa Vyakula, Happy Lyimo.

TANZANIA’S TELECOMS SECTOR A MODEL IN SUB-SAHARAN AFRICA BUT MORE CAN BE DONE TO IMPROVE IT

As the festive season ends, we are all more thankful than ever for the technology that connects us to our loved ones.

Whether or not you have been able to travel to visit your family and friends, you will almost certainly have been able to talk to them, or even see them thanks to video calls.

The mobile sector has truly transformed our lives on a day-to-day basis. We are certainly lucky to have access to this technology.

Tanzania’s mobile sector in particular has become a model in sub-Saharan Africa thanks to the growth in mobile phone usage and mobile internet connectivity across the country.

Nonetheless, there is always room for improvement.

A MORE CONSOLIDATED TELECOMS SECTOR WILL ENSURE A CONTINUATION OF STEADY INVESTMENT INTO THE SECTOR

During the past decade, Tanzania’s telecoms sector has witnessed a period of considerable growth, increased investment and rapid technological progress.

In this time, the country’s operators have leveraged recent growth by providing customers with reliable and an innovative service which has transformed Tanzania’s digital landscape.

As such, the sector has also become one of the most dynamic and innovative marketplaces in Sub-Saharan Africa - having become a regional leader in mobile enabled applications in areas including payments, insurance and health.

It is important to reflect on how these changes are having a real and lasting impact on the everyday lives of Tanzanian people. For instance, increased mobile penetration is increasing employment and social development for a wide range of people from individual customers to local businesses as well as governmental organisations.

BANK OF TANZANIA NOTICE TO THE PUBLIC - SUPERVISION OF MICROFINANCE SERVICE PROVIDERS

MONEY MATTERS - THERE ARE MANY WAYS TO SAVE MONEY

THE INSTITUTE OF DIRECTORS TANZANIA - CALL FOR BOARD DIRECTORSHIP POSITIONS

ABSA GROUP LIMITED (AGL) APPOINTS DANIEL MMINELE AS GROUP CHIEF EXECUTIVE

HOW TO EFFECTIVELY SAVE FOR YOUR RETIREMENT

By Kelvin Mkwawa, Seasoned Banker.

Data shows that, as a society, (Tanzanians) have a spending culture – Bank of Tanzania (BOT) data in 2018 shows that our consumption rate is 62% of GDP – as opposed to a savings one. 

The majority of us (Tanzanians) have poor savings habit which affects our quality of life during our retirement. Most of us have conflicting priorities when it comes to affording our current lifestyle hence affecting our ability to save for our future/retirement. We are not wired to save enough for our retirement other than the mandatory savings (social security deductions) and this has to change.

But how much is enough to save for a comfortable retirement? A rule of thumb is that a retirement income equal to 75% of your final salary just before you retire will allow you to live comfortably in retirement. 

The best financial advice is to always start saving as early as possible. But that is easier said than done as life tends to pass by as we try to build our careers, start and support our families, and strive to overcome life’s challenges as they come. So how can you do that? This week I will share a few tips that will help you to start your retirement savings:

• Set Clear Goals & Seek Advice – Before you can even think about starting to save for retirement, it is important to get a clear picture of what you want your life to be like after you retire. Thinking about where you want to live, what you will do with your time, and when you will retire will help you have clear goals. Once you have a clear picture of your goals, seek advice from professional financial advisors. A research conducted by one of the largest mutual funds in the United States found that people who hire financial advisors can improve their retirement savings by up to 31% compared to those who are not using financial advisors. This is because a financial advisor will work with you to determine how much you will need at retirement to live the way you want and will help you monitor your progress all the way through.

BANK OF TANZANIA MONTHLY ECONOMIC REVIEW - DEC. 2019

FOREX RESERVES HIT RECORD HIGH

Tanzania recorded the highest foreign reserves at the end of November last year, sufficient to cover 6.4 months of projected imports of goods and services it traded on.

According to the Ba k of Tanzania (BOT) monthly economic review for December last year, the country's foreign reserves were 5,533.7 million US dollars (over TZS 12.7 trillion), higher than 5,078.8 million US dollars recorded in the previous year and enough to cover about 5.0 months.

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HUKU ARSENAL KULE CHELSEA, JE NANI MBABE WA LONDON???

Huku Arsenal kule Chelsea, Je nani mbabe wa London? Jibu la uhakika tutalipata kesho saa 11 jioni Mubashara kupitia SuperSport 3 ndani ya @DStvTanzania kwa sh.44,000 kifurushi cha Compact. Piga 0659 070707 kujiunga na DStv sasa!

#KilaMtuMachoKodo

BENKI YA DCB YAZINDUA MKOPO WA ADA YA SHULE

Mkurugenzi wa Biashara wa Benki ya Biashara ya DCB, James Ngaluko (wa pili kulia), akizungumza na waandishi wa habari wakati wa uzinduzi rasmi wa huduma ya mkopo maalumu wa ada ya shule jijini Dar es Salaam. Wengine kutoka kushoto ni Balozi wa DCB Skonga, Zamaradi Mketema, Mkurugenzi wa Masoko na Mawasiliano wa DCB, Rahma Ngassa na Mkuu wa Kitengo cha Wateja Binafsi, Fortunata Benedict.

Mkuu wa Kitengo cha Wateja Binafsi wa Benki ya Biashara ya DCB, Fortunata Benedict (kulia), akizungumza na waandishi wa habari wakati wa uzinduzi rasmi wa huduma ya mkopo maalumu wa ada ya shule jijini Dar es Salaam. Wengine kutoka kushoto ni Mkurugenzi wa Masoko na Mawasiliano wa DCB, Rahma Ngassa na Mkurugenzi wa Biashara wa benki hiyo, James Ngaluko.

Balozi wa bidhaa ya DCB Skonga ya Benki ya Biashara ya DCB, Zamaradi Mketema (kushoto), akizungumza na waandishi wa habari wakati wa uzinduzi rasmi wa huduma ya mkopo maalumu wa ada ya shule jijini Dar es Salaam. Wengine kutoka kushoto ni, Mkurugenzi wa Masoko na Mawasiliano wa DCB, Rahma Ngassa, Mkurugenzi wa Biashara wa benki hiyo, James Ngaluko na Mkuu wa Kitengo cha Wateja Binafsi, Fortunata Benedict.

Dar es Salaam 19 Disemba, 2019 - Benki ya Biashara ya DCB imezindua huduma ya mkopo maalumu wa Ada ya Shule ikiwa ni fursa nyingine tena itakayowawezesha wateja wa benki hiyo kulipa ada za watoto wao kwa wakati na uhakika.

Mkopo wa ada wa DCB ni mwendelezo wa mkakati wa benki kubuni huduma na bidhaa bora zinazowanufaisha wateja. Benki imekuja na bidhaa hii ya mkopo wa ada katika harakati ya kuwaondolea hofu wazazi linapokuja suala zima la elimu kwa watoto wao hii ni sambamba na akaunti ya DCB Skonga inayomuwezesha mtoto kusomeshwa pindi mzazi anapopata ulemavu wa kudumu ama kifo.

Akizungumza jijini Dar es Salaam wakati wa uzinduzi rasmi wa mkopo huu, Mkuu wa kitengo cha Masoko na Mawasiliano Bi Rahma Ngassa alisema "DCB inaendelea kuleta kwenye soko bidhaa zinazo kidhi maisha ya watanzania, benki hii ni ya watanzania hivo ni lazima kuja na fursa inayowawezesha wateja wetu kunufaika na benki yao.