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TANZANIA FINANCIAL SERVICES EXPO. 10-11 NOVEMBER 2016

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Wednesday, 24 August 2016

UMMY HAILS AGA KHAN HOSPITAL EXPANSION


Tanzania will save 25 billion/- per year from transferring patients to overseas upon completion of a major expansion of the Aga Khan Hospital that will see the health facility develop into a major teaching and tertiary academic medical centre.

The Minister for Health, Community Development, Gender, Elderly and Children, Ms Ummy Mwalimu, said in Dar es Salaam yesterday that the government spends enormous amount of money every year in providing tertiary level treatment to Tanzanians in overseas hospitals.

“The expansion will allow us to ensure that Tanzanians receive advanced medical care at home with all the convenience and support that they rightly deserve,” said the Minister at a ceremony to unveil the project.

The project worth 167bn/-, which will be commissioned by 2018, will allow the 175-beds hospital to provide best health care in non-communicable diseases. Ms Mwalimu, who was the guest of honour at the event, expressed gratitude to the Aga Khan Health Services Institution which owns the Aga Khan hospitals, for its contribution in development of health services in the country.

FOREIGN CURRENCY EXCHANGE RATES COURTESY OF NMB


NEW BILL SEEKS TO CHECK FALSE VALUATION, CHEATS

Parliament in session in Dodoma.
Valuers who provide false valuation or higher value than what the property or asset is worth will soon face the music as the government plans to table for the second time a Bill that will control and regulate valuation in the country.

Titled Valuation and Valuers Registration Bill 2016, it will also see the establishment of a Valuers Registration Board, which will be tasked with managing all matters pertaining to valuation, including issuing certificates to persons qualified to practise valuation.

The Board will also evaluate academic and practical qualification for the purpose of registration and exercise effective disciplinary control over the professional ethics and conduct of valuation in the country.

The Bill was presented for the first time during the national budget assembly and will be presented for the second time and is expected to be passed in parliament session expected to begin on September 6.

During a presentation of the Bill to members of the parliamentary committee on Land, Natural Resources and Tourism yesterday, the Acting Chief Government Valuer, Ms Evelyne Mugisha, said once passed into law, it will establish a board that will recognise through registration and issuing of certificates and numbers that will allow appraisers to execute their work in the country.

Ms Mugisha explained that they have been using different laws that have sections on valuation, but stressed that the new law once passed would make it easier to control appraiser reinforcing highest professional standards in the valuation field.

TUCTA BOSS ADVISES FINANCIAL INSTITUTIONS TO CAPITALIZE ON THRUST TO SHIFT TO DODOMA

Trade Union Congress of Tanzania (Tucta), Secretary 
General, Mr Nicholas Mgaya.
As preparations for moving the governments to Dodoma heat up, commercial banks have been advised to open and expand braches in the designated capital, purposely to offer quality and reliable services to hundreds of workers who are set to relocate.

Trade Union Congress of Tanzania (Tucta), Secretary General, Mr Nicholas Mgaya told the ‘Daily News’ yesterday that financial institutions including commercial banks were the major stakeholders in changing and improving lives in Dodoma.

“It is obvious that next month people will start to move to Dodoma, most of them would like to establish new home and businesses there, all these will be possible with the support of reliable financial services,” he said.

The Tucta boss also urged commercial banks to reduce loan interests to enable civil servants to enjoy their services. “It has been difficult for civil servants to seek loans from these commercial banks, they charge high interest rates, which are not friendly to most of their customers,” he noted.

Mr Mgaya urged farmers to make a good use of Tanzania Agricultural Development Bank (TADB) by seeking loans for agriculture activities. He said the National Microfinance Bank (NMB) has also demonstrated good example in supporting farmers with loans and other required needs.

“Those who are eying at investing in agriculture in Dodoma region must seek loans from financial institutions especially TADB and NMB, which have already shown an interest to support the development of the sector,” he explained.

STATE CONSIDERING DUAL CITIZENSHIP FOR DIASPORA

Foreign Affairs and East African Co-operation’s Head 
of Communications, Mindi Kasiga.
The government has started giving special consideration to Tanzanians living abroad to exploit various opportunities available in the country as it contemplates on duo citizenship.

Foreign Affairs and East African Co-operation’s Head of Communications, Mindi Kasiga revealed this in Dar es Salaam yesterday when briefing journalists about the 3rd Diaspora Conference scheduled for today in Zanzibar.

Ms Kasiga said that the government decision follows a number of challenges for the country to adopt duo citizenship. She said that the government’s intention is to see Tanzanians living abroad or those who have changed their citizenship continue to enjoy some rights from their country of origin.

Ms Mindi explained that such opportunities given to Tanzanians who have changed their citizenship include reducing the number of restrictions imposed to them when they are required to work in Tanzania.

“This is done in collaboration between my ministry and the Ministry of Home Affairs especially when an expert with Tanzania origin is highly needed in the country ,” Ms Kasiga said. She further said that Tanzanians living abroad can also be facilitated to purchase lands in Tanzania for either personal use or investments.

“The issue of duo citizenship has not been concluded but the special consideration given to Tanzanians living abroad can lead us to fresh discussion although we have a long way to go,” Ms Kasiga said.

IMPORTED CEMENT SEEN NOWHERE IN LOCAL MARKET

Cement bags at a private shop.
Imported cement is nowhere to be seen in the market after being pushed out by enhanced competition among local producers in new findings that raise doubts on the authenticity of claims of influx of imported products by local cement makers.

Our survey in Dar es Salaam revealed that cement by local producers are dominating the market particularly from the second half of last year after cement makers slashed prices of their products due to intense competition.

Hardware stores had stocked cement from Tanzania Portland Cement company, Rhino Cement and Dangote Cement.

Our reporters could not find imported cement during the survey in Buguruni, Kariakoo, Mwenge, Mbezi and Bunju areas of the city, raising doubts on the claims that imported or smuggled in cement have flooded the market, creating unfair competition with local products because they are sold cheaply.

MAGUFULI RECEIVES CREDENTIALS FROM FOUR NEW ENVOYS

President John Magufuli bids farewell to Somali Ambassador to Tanzania Mr. Mohammed Hassan Abdi, shortly after the new envoy had presented his credentials to the president at the State house in Dar es salaam yesterday. (Photo by State house)
President John Magufuli has received credentials from four new ambassadors representing their countries in Tanzania.

The envoys presented their credentials at the State House in Dar es Salaam yesterday.

They included Mr Roberto Mengoni of Italy, Mr Kim Yong Su of Democratic People’s Republic of Korea, Mr Mohamed Hassan Abdi of Somalia and Mr Paul Sherlock of Ireland.

Dr Magufuli congratulated the diplomats for being appointed to represent their countries in Tanzania and gave them assurance that his government would expand the existing bilateral ties between Tanzania and their respective countries.

The president informed the envoys that between 2016/2017 and 2020/2021, Tanzania was committed to implementing its industrialisation plan, inviting their countries and the private sector from their respective countries to come and invest in Tanzania’s industrial sector.

Tuesday, 23 August 2016

MORE THAN 16,000 GHOST WORKERS STRUCK OFF PAYROLL

The Minister of State in the President’s Office - Public Service Management and Good Governance, Ms Angela Kairuki.
As the crackdown on verifying ghost workers nears the deadline next Friday, a total of 16,127 have been identified and removed from the government’s payroll.

The Minister of State in the President’s Office - Public Service Management and Good Governance, Ms Angela Kairuki, confirmed the report before reporters in Dar es Salaam yesterday, adding that the verification exercise has saved 16.15b/- that would have been paid to the phantom workers as August 2016 salaries.

“Until August 17, a total of 16,127 ghost workers have so far been removed. This has helped the government to save 16.15 billion/- that would have been paid to them as August 2016 salaries,’’ Ms Kairuki told reporters.

Meanwhile, the minister has said that 233 civil servants are under their radar on suspicion of being involved in the ghost workers’ scam.

CRDB BANK APPOINTS A NEW BOARD CHAIRMAN


GOVERNMENT SEEKS TO HIRE 28 STAFF FOR ATCL

Passengers disembark from Air Tanzania Company Limited plane a few years ago. The government is keen to revamp the ailing national carrier with an order for two Q400 turboprop aircraft worth $62 million from a Canadian multinational aerospace and transportation company, Bombardier.
Dar es salaam. The government has advertised 28 posts for the state-owned Air Tanzania Company Limited (ATCL) whose filling is key for the running of Dash aircraft.

In the advertisement that was posted in several newspapers yesterday, ATCL seeks to recruit six engineers who are certified for the manning of Dash 8-Q400.
It also seeks to recruit two pilots and two more pilots-in-command for the aircraft that are expected in the country soon.

ATCL also wants to employ 18 cabin crew members. This category will include holders of a minimum of "O" Level Secondary Cerificate but who have passes in Geography, English and History, aged between 18 and 25. The cabin crew will also be expected to be fluent in both written and spoken English and Kiswahili as well as people who have been trained/ and holders of a cabin crew licence.

This comes hardly three weeks after the government officially advertised the post for the Director Genaral of ATCL.


CEMENT MAKERS BULLISH ON PROSPECTS IN THE MARKET

Tanzania Portland Cement Company Limited.
Despite challenges of over-capacity and cheap imports in the local market, cement makers are optimistic about the future prospects of the sector which have been brightened by continuing construction boom.

The industry which is experiencing supply excess despite strong domestic consumption with installed production capacity at 8.3 million tonnes per annum against current demand of 4.3 million tonnes per annum, is buoyed by major infrastructure projects and revitalized shift of government seat to the designated capital of Dodoma which are expected to drive business and boost growth. 


The local market continues to attract new investors as the local producers are struggling to retain their market share with strategies to cut on costs and improve efficiency. Two producers, Tanzania Portland Cement and Tanga Cement managed to make profit last year though challenges in the market lowered their sales volumes.


TPCC recorded an increase in sales volumes of 22 per cent versus 2014. Total revenue increased by 44.6bn/- and profit for 2015 was 56.2bn/- which is three per cent above 2014. According to their financial results the increased sales volumes and profit was a result of increased capacity, production efficiency and consolidation of Twiga Extra as main product of its portfolio.



PREMIER WARNS AGAINST PUBLIC FUNDS MISHANDLING

Prime Minister, Mr. Kassim Majaliwa at a public rally held at Azimio grounds in Mpanda District yesterday.
The Prime Minister, Mr Kassim Majaliwa, has issued a warning to public leaders opting to mishandle funds allocated by the government for development projects, stressing those who will be implicated will live to regret it.

“These funds are pure fire. Do not tamper with the money released to service the public in councils ... it will burn you,” Mr Majaliwa said; adding; “We allocate the money for the purpose and we want that purpose to be fulfilled.”

The Premier issued the warning yesterday during a public rally held at Azimio grounds in Mpanda District. Mr Majaliwa said the government has already started releasing funds for various development projects in the councils and, therefore, it is of paramount importance that leaders must ensure that the money is spent as planned.

He said it’s not a matter of choice to district commissioners and executive directors who are to ensure all the standards of the project under implementation are meant with regard to value for money.

WATUMISHI HOUSING TO CONSTRUCT TEACHERS' HOUSES IN 23 REGIONS SAYS CEO

Watumishi Housing Company CEO, 
Fred Msemwa. 
Dar es Salaam - Watumishi housing Company (WHC) has embarked on a project to construct teachers' houses in 23 regions. WHC chief executive officer 
Fred Msemwa told the Citizen that the company was working with the Tanzania Education Authority to construct the houses.

He said a pilot project had started. "We are already on the ground. We started started two weeks ago in Lindi region".

According to him, the pilot project will be undertaken in Lindi, Mtwara, Tanga, Singida, Morogoro, Dar es salaam and Coast Region. He said the total cost of constructing 90 housing units for 90 families in the first phase would be 2 billion.


The Citizen

KENYAN TREASURY SECRETARY SAYS BANKS MAKING TOO MUCH PROFIT

Kenya's Treasury Cabinet Secretary
Henry Rotich.
Kenyan banks have been “expropriating too much profit” from the interest rates they charge on loans and have room to lower borrowing costs, Treasury Secretary Henry Rotich said.

Lawmakers in East Africa’s biggest economy approved a bill last month that will limit the amount of interest banks can charge on loans to four percentage points above the central bank’s benchmark rate. The proposal is awaiting President Uhuru Kenyatta’s signature before it becomes law.

“Banks must make decent profits like any other businesses, that’s why we are saying there is scope to lower interest rates,” Rotich told reporters in the capital, Nairobi. “The profits are too much yet you can still live with less profits.”

Kenyan lenders’ annual profit fell 6 percent to 95.3 billion shillings ($940.3 million) in 2015, according to the central bank, as expenses grew faster than income. The industry is expected to register an improved performance in 2016, the regulator said.

Banks committed last week to lower charges and set out measures to boost lending, including allocating 30 billion shillings to small- and medium-sized enterprises and women at concessionary rates, according to Lamin Manjang, chairman of the Kenya Bankers Association.

The government will continue to explore ways to bring down rates, Rotich said, including borrowing less from the domestic market and financing its needs from more foreign loans. Authorities in the $61 billion economy plan to borrow 225.3 billion shillings internally to plug a 691 billion shillings budget deficit in the year through June 2017.

FASTJET AND AMADEUS SIGN COOPERATION DEAL



African low cost airline Fastjet and Amadeus, the global market leader in e-technology for airlines, travel agencies, the hospitality industry, have signed a landmark deal earlier this week.
The new cooperation agreement will give Amadeus users across Africa and beyond access to the airline's schedules, fares and other services at the click of a button, or two, making the bookings much easier for the benefit of passengers and agencies alike.
While Fastjet Kenya is still working to attain the all-important Air Operator Certificate (AOC) to commence operations, Fastjet Tanzania and Fastjet Zimbabwe do fly to a number of domestic and regional destinations, including Johannesburg, Harare, Victoria Falls, Lusaka, Lilongwe, Entebbe, Nairobi, Zanzibar, Kilimanjaro, Mwanza and Mbeya, all operated by single class Airbus A319's.

FOREIGN CURRENCY EXCHANGE RATES, COURTESY OF NMB


TANZANIA POSTAL BANK GETS READY FOR DSE LISTING TO RAISE SHARE CAPITAL

Tanzania Postal Bank (TPB) is gearing up to get listed on Dar es Salaam Stock Exchange (DSE) and float its shares to raise capital and transform all its operations from manual to electronic

The state-run financial institution yesterday assured the Parliamentary Committee Accounts (PAC) that by May next year, it would have already been listed on the stock market. The bank’s move was in line with the finding remedy to the current weaknesses brought by the manual operations for some of the services.

The Controller Auditor General (CAG) report for the bank’s accounts ending December 2015 reveals several “human errors” that were blamed on manual operations. For instance, the report shows that computation on loans was done manually, which led to giving more loan amounts than what a debtor had applied for.

The Chairperson of the TPB Board of Directors, Professor Lettice Rutashobya, said the current bank’s manual system could not meet all transaction requirements.

RAIS DKT. JOHN POMBE MAGUFULI AKUTANA NA VIONGOZI WA KAMPUNI YA STATOIL YA NORWAY IKULU JIJINI DAR ES SALAAM AGOSTI 22, 2016

Rais Dkt. John Pombe Magufuli akisalimiana na Mwakilishi wa Kampuni ya Mafuta ya Statoil ya Norway, Bw. Oystein Michelsen kabla ya kupokea taarifa ya maendeleo ya mradi mkubwa wa ujenzi wa kiwanda cha kusindika gesi asili (LNG Plant) kinachotarajiwa kujengwa katika eneo la Likon’go, Mchinga Mkoani Lindi.
Rais Dkt. John Pombe Magufuli akijadiliana jambo na Meneja Biashara wa Kampuni ya Statoil ya Norway Oivind Holm Karlsen (watatu) kutoka kushoto mara baada ya kumaliza mazungumzo yao Ikulu jijini Dar es Salaam. Wapili kutoka kushoto ni Mwakilishi wa Kampuni hiyo, Bw. Oystein Michelsen. 
Rais wa Jamhuri ya muungano wa Tanzania Dkt. John Pombe Magufuli akiongea jambo wakiawa pamoja na viongozi wa ngazi ya juu wa Shirika la mafuta Tanzania (TPDC) pamoja na viongozi wa kampuni ya Mafuta ya Statoil Ikulu jijini Dar es salaam.

Ikulu Blog

STATE URGES SPEED ON LNG PLANT

President John Magufuli shares a light moment with the Commercial Manager of Norway-based Statoil Company, Mr. Oivind Holm Karlsen (third left), the firm's representative, Mr. Oystein Michelsen, and Statoil Head of Communications, Ms. Genevieve Kasanga, after their talks at State House in Dar es Salaam yesterday. (Photo by State House).
President John Magufuli has directed the Ministry of Energy and Minerals to fast-track the construction of a Liquefied Natural Gas (LNG) plant in Lindi Region to cost 30 billion US dollars (65 trillion/-).

“I want to see this project taking off, there have been a lot of unnecessary delays…just accomplish whatever is creating any bureaucracy so that our investors can begin the work with immediate effect,’’ he said.

The president was speaking at the State House in Dar es Salaam yesterday after receiving a progress report on the multi-trillion grand project for construction of Liquefied Natural Gas (LNG) plant at Likong’o area in Lindi Region.

The report was presented by an official of the Norwegian Company, Statoil Country Representative, Mr Oystein Michelsen, who insisted that after completion of the construction of the envisaged gas plant, production would continue for a period of not less than 40 years.

BENKI YA POSTA (TPB) YAZINDUA TAWI JIPYA MJINI MOSHI

Naibu Waziri wa Wizara ya fedha na mipango Dkt Ashatu Kijaji, akikata utepe kwenye uzinduzi wa tawi jipya la Benki ya Posta, Mjini Moshi lililopo katika Jengo la NSSF PLAZA nyuma yake Mwenyekiti wa Bodi ya TPB Prof Lettice Rutashobya na wafanyakazi wa TPB wakishuhudia tukio hilo.
Naibu Waziri wa Wizara ya fedha na mipango Dkt Ashatu Kijaji kushoto, akikabidhiwa kadi ya Benki na Mwenyekiti wa Bodi ya TPB Prof Lettice Rutashobya (Kulia) baada ya kufungua akaunti katika tawi jipya la Benki ya Posta lililopo katika jingo la NSSF PLAZA.
Naibu Waziri wa Wizara ya fedha na mipango Dkt Ashatu Kijaji akiwa katika picha ya pamoja na Menejimenti ya Benki ya Posta baada ya Ufunguzi wa tawi la benki hiyo Mjini Moshi katika jingo la NSSF PLAZA, Kulia kwa Mgeni Rasmi ni Mwakilishi wa Mkuu wa Mkoa wa Kilimanjaro, Ritha Riwa.
Benki ya Posta Tanzania (TPB) inayo furaha kubwa kuzindua rasmi tawi lake jipya hapa mkoani Kilimanjaro. Hili ni tawi ambalo tumelihamisha kutoka jengo la Horombo Lodge mtaa wa Old Moshi, kuja hapa kwenye jengo la NSSF Plaza. Nia ya kuhamisha tawi letu kuja kwenye jengo hili ni kusogeza huduma za kibenki karibu zaidi na wananchi, na pia kutuwezesha kutoa huduma zetu kwenye mazingira bora na ya kisasa zaidi. Tunawaahidi wakazi wa mkoa huu kuwa wataendela kufaidika na huduma zetu bora na zenye gharama nafuu kabisa katika mazingira haya yaliyoboreshwa. Pia watafaidika na mikopo ya aina mbalimbali tunayoitoa, inayokidhi mahitaji ya vikundi, wafanyabiashara wadogo na wakubwa,mikopo ya wafanyakazi na hata wastaafu.

FIRM LAUNCHES NEW HEALTH INSURANCE COVER

Jubilee Insurance company has launched a special health insurance product that enables the outpatients to get treatment without annual cost limit.

Dubbed "Jilinde Afya" has become the first product in the country to give unlimited cover to outpatients, with the company looking forward to introducing the same in other East African countries: Kenya, Uganda and Burundi.

"We have started in Tanzania as a pilot project, then we are going to introduce the same in other countries", said the Chief Executive Officer of the company Mr. George Alande.

During the the launching event in Dar es salaam on thursday evening, Mr. Alande said the health services under the new cover would be available only at the Aghakhan hospitals and later on would be also available to other hospitals.

"We have come with this product for the middle class clients who have been always complaining that they are usually dug deep into their pockets after they had spent beyond the limited costs for the outpatient services," said Mr. Alande.

DAR TRAFFIC POLICE COLLECT 616M/- AS FINE IN 6 DAYS

A police officer giving a traffic fine.
In a time of six days the Dar es Salaam Special Police Zone has collected over 616m/- as fine for various traffic offences involving more than 19,346 vehicles and 1,216 motorcycles.

Addressing reporters in the city, the Special Zone Deputy Police Commander Hezron Gyimbi, said the total sum was collected from August 12 to August 18.

“For six days traffic officers in Dar es Salaam Special Zone were able to collect a total of 616,860,000/- from 20,562 offences committed by drivers and motorcycle riders who for some reason decided to break traffic road safety regulations,” explained the Special Zone acting boss.

BANK OF AFRICA TANZANIA OPENS THREE NEW BRANCHES

BOA Tanzania Managing Director Ammish
Owusu-Amoah.
Bank of Africa Tanzania has opened three new branches in Dar es salaam and Manyara region to extend financial services to potential areas tat will help to drive growth.

The new branches launched over the weekend are Mbezi Louis, Mwenge in Dar es salaam region and Babati in Manyara region.

Bank of Africa Tanzania Managing Director Mr. Ammish Owusu-Amoah said at the launching ceremony of Babati branch that they were opening at the same time with two other branches in Dar es salaam in areas with remarkable potential growth.

"The bank pledges its total support towards growing the financial sector and economy in Manyara as well as Tanzania at large. We are committed to working with the community in Manyara and believe that this will lead to an increased economic activity and wealth creation in the region", he said.
Babati is well know for its specialisation in farming of Sesame, sunflower and grains.

An efficient financial system is one of the key pre-requisites for economic growth and development to be achieved, he said.

NMB MEETS CORPORATE CUSTOMERS IN MOROGORO

NMB Head of corporate Banking Mr. Filbert Mponzi (left) congratulates a senior lecturer of the Sokoine University of Agriculture (SUA) Prof. Martin Shem after receiving a gift from NMB at an event that brought together NMB corporate customers in Morogoro recently. Looking on is NMB's Managing Director, Ms. Ineke Bussemaker.
National Microfinance Bank (NMB) has met with emerging and large corporates from Eastern Zone to foster business relationship and explore opportunities through training, capacity building and networking.

The NMB Executive Network members brought together over 100 emerging and large corporate who commands annual turnover of at least 10bn/- each and some top end SME’s customers with turnover of over 2.5bn/-.

The NMB Managing Director, Ms Ineke Bussemaker, said in Morogoro at the weekend that the aim of holding such meetings is to strengthen business relations with its top end business and corporate customers.

Monday, 22 August 2016

INTELLIGENCE BOSS OTHMAN RETIRES

The Director of Tanzania Intelligence and Security Services (TISS), Mr Rashid Othman, has officially retired from public service.

Mr Othman’s retirement is effective from last Friday (August 19), after his three-year contract extension expired. Former President Jakaya Kikwete had extended the TISS chief’s contract after reaching the mandatory retirement age.

He retired in 2013 and had his contract extended on one-year terms’ basis for three years. He was appointed by Mr Kikwete on August 20, 2006 to replace the long serving civil servant, Mr Apson Mwang’onda.

He served as the TISS director for 10 consecutive years. Prior to his appointment, Mr Othman was TISS Head of Administration and Personnel. Mr Othman will be remembered for his intelligence, industriousness, competence and shrewdness during his tenure, enabling the country to remain safe and stable.

Daily News

PRIME LOCATION AUGUST ISSUE IS OUT. GRAB YOUR COPY!


Sunday, 21 August 2016

S. AFRICA'S RICHEST MAN SAYS PART SALE WOULD HELP ESKOM, SAA

Billionaire Christo Wiese.
  • South African Airways an ‘albatrosss around our neck’: Wiese
  • State companies will be better run with private investors
South Africa’s state-owned power utility and airline would be better run if they were partially sold to private investors, helping to solve economic challenges, said billionaire Christo Wiese, the country’s richest man.

Selling part of Eskom Holdings SOC Ltd. will increase “capacity, it would hopefully strengthen corporate governance,” Wiese, the chairman of Steinhoff International Holdings NV, said in an interview at his Cape Town office on Wednesday. “Another enormous albatross around our neck is South African Airways. The solution is fairly simple.”

Eskom provides about 90 percent of the country’s electricity. While it has stabilized its plants’ performance and managed to halt regular power cuts that stifled economic growth in 2014 and last year, tariffs have more than quadrupled since 2007 to help keep the lights on in Africa’s most-industrialized economy. SAA is dependent on government-guaranteed loans and is awaiting a decision by the Treasury on whether it will get more state support.

Saturday, 20 August 2016

SIX-YEAR 456BN/- RURAL ELECTRICITY DEAL SIGNED

Minister for Energy and Minerals, Professor Sospeter Muhongo.
The government and the World Bank on Tuesday signed a Memorandum of Understanding (MoU) in which the latter will provide 209 million USD (about 456bn/-) for the implementation of six-year Rural Electrification Expansion Programme.

The six-year project will also be financed by other Development Partners (DPs). Other partners who will finance the project are Norway who will offer 80 million USD, Sweden (70 million USD), European Union (50 million USD), England (42 million USDs) and African Development Bank (25 million USD). Tanzanian government will issue 900m/- for the project.

The MoU was signed at Kwedizinga Village in Handeni District of Tanga Region between the representative of the World Bank, Ms Bella Bird, and the Acting Director General of Rural Electrification Agency (REA), Mr Gissima Nyamo-Hanga.

The signing ceremony was witnessed by the Minister for Energy and Minerals, Professor Sospeter Muhongo, Tanga Regional Commissioner, Mr Martin Shigela, and other representatives from Development Partners (DPs) --Germany, Norway and African Development Bank (ADB).

Prof Muhongo thanked all DPs, saying that their assistance would supplement the government’s initiatives of making sure that all households in the rural areas get electricity that would help improve their socio-economic development. He clarified that the project was different from REA Phase Two and Phase Three.

FOREIGN CURRENCY EXCHANGE RATES, COURTESY OF NMB


75 PER CENT OF CIVIL SERVANTS CAN NOW MOVE TO DODOMA, SAYS MHAGAMA

Minister of State in the Prime Minister’s Office (Policy,
Parliamentary Affairs, Labour, Employment, Youth and
the Disabled), Ms Jenista Mhagama.
The government has revealed that it can currently move 75 per cent of its servants to Dodoma, following an assessment, which showed they will get housing and other social amenities without any problem.

This was revealed by the Minister of State in the Prime Minister’s Office (Policy, Parliamentary Affairs, Labour, Employment, Youth and the Disabled), Ms Jenista Mhagama, during an interview on TBC1 on Wednesday, when she talked on the capital transfer programme.

Ms Mhagama said an assessment conducted by a special regional committee formed by Prime Minister Kassim Majaliwa also showed that 70 per cent of the government offices can presently move to the Capital City.

The special regional committee was formed by Mr Majaliwa to conduct an assessment on the government’s decision to move to Dodoma within the remaining four years and four months of the first five-year term of the Fifth Phase Government.

“The assessment was conducted to ascertain Dodoma’s capacity in accommodating the public servants as well as the current capacity of the public offices,” she explained, adding that the move will be done in phases in the remaining first term of the 5th Phase Government.

She assured the public that implementation plans for the government’s decision to move to Dodoma, which was kick-started 43 years ago, will not affect the 2016/17 national budget, stressing that the country’s development plans still stand.