Foreign Exchange Rates

CRDB Bank Advert

Ultimate Finance Advert

Advertise Here

Advertise Here

Monday, 8 July 2019

NMB BANK PLC OPENS A BOND INVESTMENT OPPORTUNITY FOR EVERYONE

NMB Bank Head of Consumer Banking, Omari Mtiga (centre) listening to Senior Manager Consumer Liabilities, Isaac Mgwassa (right) during the unveiling of the NMB retail bond in Dar es Salaam. Left is Senior Manager Advisory Services, Sigifrida Joseph.

  • The NMB Bond offer is open for purchase to NMB and non-NMB customers starting from TZS 500,000 
  • The NMB Retail offer can be bought from any NMB Branch or bond brokers 
Dar es Salaam, June 10, 2019 - NMB Bank Plc (NMB) is issuing a 10% interest bond which targets everyone who wishes to invest in NMB and earn an attractive return.

This is the second such bond to be issued by NMB and can be bought from any NMB branch or selected bond brokers with a minimum purchase of TZS 500,000 (Five Hundred Thousand Tanzanian Shillings) only.

This move is a result of the Capital Markets & Securities Authority (CMSA) granting approval to issue the first tranche of the NMB Plc Medium Term Note (MTN) Programme.

Investors in the NMB Retail Bond will earn an interest rate of 10% per annum payable quarterly for its term of three years, until June 2022; the interest rate paid is subject to withholding tax. An NMB bond is tradable, so you can sell the bond to another buyer and receive the principal before the maturity date. Investors can sell the bond before maturity on the open market through a stockbroker – in accordance with the Dar es Salaam Stock Exchange rules.

Sunday, 23 June 2019

BENKI YA CRDB YATOA GAWIO LA TZS 9.9 BILIONI KWA SERIKALI

Waziri wa Fedha na Mipango, Dkt. Philip Mpango (katikati) akiwa ameshikilia mfano wa hundi yenye thamani ya zaidi ya Shilingi 6.7 bilioni ikiwa ni Gawio la Serikali kutoka Benki ya CRDB. Jumla ya Gawio ni TZS 9.9 bilioni kwa Serikali Kuu, Halmashauri, Taasisi na Mashirika ya Umma ambayo ni Mifuko ya Hifadhi ya Jamii (PSSF, NSSF, GEPF na ZSSF) - TZS 2.6 bilioni, TAMISEMI (Halmashauri za Mbinga, Lindi, Shinyanga) - TZS 133.7 milioni, Mfuko wa Bima ya Afya ya Taifa (NHIF) - TZS 243.5 milioni, Chama cha Ushirika cha Wakulima wa Tumbaku Tabora - TZS 228 milioni. Wengine pichani kutoka kushoto ni Balozi wa Denmark nchini, Einar Jensen, Mwenyekiti wa Bodi ya Wakurugenzi wa Benki ya CRDB, Ally Laay, Mkurugenzi Mtendaji wa Benki ya CRDB, Abdulmajid Nsekela pamoja na Naibu Katibu Mkuu Wizara ya Fedha na Mipango Dkt. Khatibu Kazungu. Hafla hiyo imefanyika Juni 15, 2019 katika ukumbi wa Hazina, jijini Dodoma.
Waziri wa Fedha na Mipango, Dkt. Philip Mpango akikabidhi mfano wa hundi yenye thamani ya zaidi ya Shilingi 2.5 bilioni kwa wawakilishi wa Mifuko ya Hifadhi ya Jamii (PSSF, NSSF, GEPF na ZSSF), iliyotolewa na Benki ya CRDB.
Mwakilishi wa TAMISEMI (Halmashauri za Mbinga, Lindi, Shinyanga). 
Mwakilishi wa Mfuko wa Taifa wa Bima ya Afya (NHIF).
Mkurugenzi Mtendaji wa Benki ya CRDB, Abdulmajid Nsekela akimkabidhi mfano wa hundi mwakilishi wa Chama cha Ushirika cha Wakulima wa Tumbaku Tabora.
Waziri wa Fedha na Mipango, Dkt. Philip Mpango akizungumza wakati akitoa hotuba yake katika hafla fupi ya kupokea Gawio la TZS 9.9 bilioni kwa Serikali Kuu, Halmashauri, Taasisi na Mashirika ya Umma, lililotolewa na Benki ya CRDB, Juni 15, 2019 katika ukumbi wa Hazina, jijini Dodoma.
Mkurugenzi Mtendaji wa Benki ya CRDB, Abdulmajid Nsekela akizungumza katika hafla hiyo.

Tuesday, 18 June 2019

CITIBANK ANNOUNCES MARTIN MUGAMBI AS NEW CEO FOR KENYA AND EAST AFRICA CLUSTER HEAD


EMPLOYMENT OPPORTUNITIES AT BANK OF INDIA (TANZANIA) LIMITED

DAR ES SALAAM STOCK EXCHANGE ENTERPRISE ACCELERATION PROGRAM

ABSA GROUP LIMITED - A WORLD OF POSSIBILITIES AS AN INDEPENDENT, AFRICAN BANK

Aron Luhanga, Barclays Tanzania
Head of 
Marketing and Corporate Relations
There is nothing permanent except change,” said Greek philosopher Heraclitus, and how true this is Change – and fast-paced change – is a hallmark of today’s society.

Change can be unsettling at times. But it can also be exciting, filled with new beginnings. It marks the start of a new journey, a new page in the history books.

This is where Absa Group Limited found itself after separating from Barclays PLC, in one of the largest corporate separation projects in commercial history: at the beginning of a new era, with endless possibilities.

This shift in the Group’s stakeholders freed us to chart our path as an African Bank, run by Africans, with global recognition and scalability. Importantly, it gave birth to one of the largest independent African Banks.

As part of this shift the Group renamed our listed entity to Absa Group Limited last year, choosing Absa as our brand across our 10 operations and two affiliates in Africa, pending regulatory approvals.

As we move forward, we will become Absa across all our operations, leveraging the impressive brand equity and home-grown success of our South African subsidiary, while building on the Barclays’ pedigree in Africa.

Absa has been one of the “big five banks” in South Africa for more than 30 years, winning a multitude of awards for its commercial success, social commitment, and innovation. As a Group, we are listed on the Johannesburg Stock Exchange, with a balance sheet of around US$100-billion.


FSDT REQUEST FOR PROPOSAL FOR MARKET ENGAGEMENT SERVICES FOR THE FINANCIAL SERVICES REGISTRY

PROCUREMENT OF MARKET RISK SYSTEM FOR NMB BANK PLC

JOHN ULANGA APPOINTED AS SERENGETI BREWERIES BOARD CHAIRMAN

SERENGETI BREWERIES YATANGAZA MABADILIKO YA UONGOZI WA JUU

SERENGETI BREWERIES ANNOUNCES TOP LEADERSHIP CHANGES

Monday, 17 June 2019

MAY 2019, STANDARD GAUGE RAILWAY LINE PROGRESS VIDEO FROM DAR ES SALAAM TO MOROGORO



NMB BANK PLC TO PAY TZS 33 BILLION IN DIVIDENDS

Dar es Salaam, June 15, 2019 – NMB Bank Plc. (“NMB”) declares a TZS 66 dividend per share.

NMB shareholders have approved the proposed amount during the Annual General Meeting (AGM) that was held in Dar es Salaam today.

As a result of improved performance and a strong capital position, the total recommended dividend payment of TZS 33 billion (TZS 66 per share) is in line with the bank’s dividend policy of paying a third (33.3%) of its profit after tax (PAT) in dividends. This is a 3% increase compared to TZS 64 per share paid the previous year. The intention is to increase the dividend per share over time as the Bank’s performance continues to improve.

The bank reported a TZS 142 billion profit before tax (PBT) for the year ending December 31 2018; a 3% increase from 138 billion that was recorded in the previous year. Besides the said profit gains, Board and Management of NMB are pleased to be able to report a number of innovations and successes during the year. The innovations, the launch of KLiK propositions, Salary Advance, the first mobile loan product for the Bank. The establishment of 6,800+ Wakalas and the integration with over 180 local councils for electronic collections, are all contributing to enhanced financial inclusion through digital channels and increased deposits, and also enhancing internet banking to better serve the corporate segment and provide total corporate solutions as shown by the growth in customers from 2,2 million to 3,1 million in 2018.

The stable B1 credit rating awarded to NMB by Moody’s confirms the confidence of international investors in the bank. The bank is well capitalized with a Tier I Capital Ratio of 16.5% and is highly liquid. The Bank’s Chairman, Prof. Joseph Semboja, revealed that the Board seeks to balance maximizing shareholders’ returns while also reinvesting funds into the bank’s business in order to finance its growth plans.

BENKI YA NMB PLC KULIPA GAWIO LA SH. BILIONI 33

Dar es Salaam, June 15, 2019 – Benki ya NMB Plc. (NMB), kulipa gawio la Shilingi 66 kwa kila Hisa.

Wanahisa wa Benki ya NMB wameidhinisha kiasi kilichopendekezwa wakati wa Mkutano Mkuu wa Mwaka (AGM), uliofanyika leo jijini Dar es Salaam.

Ikiwa ni matokeo ya utendaji bora na uimara wa nafasi ya mitaji, malipo ya jumla ya gawio la Shilingi Bilioni 33 (sawa na Shilingi 66 kwa kila hisa), yanafanana na sera ya benki ya kulipa moja ya tatu (asilimia 33.3) ya faida la jumla baada ya makato ya kodi (PAT) katika gawio. Hili ni ongezeko la asilimia 3 ukilinganisha na bei ya Shilingi 64 kwa kila hisa iliyolipwa mwaka uliopita. Nia ni kukuza kiwango cha gawio kwa kila hisa, kulingana na utendaji bora wa benki unavyoongezeka.

Saturday, 15 June 2019

RAIS WA JAMHURI YA DEMOKRASIA YA CONGO (DRC) MHE. FELIX TSHISEKEDI AMALIZA ZIARA YAKE RASMI YA SIKU MBILI NCHINI

Rais wa Jamhuri ya Kidemokrasia ya Congo (DRC) Mhe. Félix Antoine Tshisekedi Tshilombo akiongea na vyombo vya habari vya ndani na nje ya nchi baada ya mazungumzo rasmi na mwenyeji wake Rais wa Jamhuri ya Muungano wa Tanzania Dkt. John Pombe Magufuli kabla ya kuelekekea Uwanja wa Ndege wa Kimataifa wa Julius Nyerere jijini Dar es salaam baada ya kuhitimisha ziara yake rasmi ya siku mbili Juni 14, 2019.

Rais wa Jamhuri ya Muungano wa Tanzania Dkt. John Pombe Magufuli akiongea na vyombo vya habari vya ndani na nje ya nchi baada ya mazungumzo rasmi na mgeni wake Rais wa Jamhuri ya Kidemokrasia ya Congo (DRC) Mhe. Félix Antoine Tshisekedi Tshilombo kabla ya kumsindikiza Uwanja wa Ndege wa Kimataifa wa Julius Nyerere jijini Dar es salaam baada ya kuhitimisha ziara yake rasmi ya siku mbili Juni 14, 2019. 
Rais wa Jamhuri ya Kidemokrasia ya Congo (DRC) Mhe. Félix Antoine Tshisekedi Tshilombo akimsikiliza mwenyeji wake Rais wa Jamhuri ya Muungano wa Tanzania Dkt. John Pombe Magufuli akiongea na vyombo vya habari vya ndani na nje ya nchi baada ya mazungumzo rasmi na mwenyeji wake kabla ya kuelekekea Uwanja wa Ndege wa Kimataifa wa Julius Nyerere jijini Dar es salaam baada ya kuhitimisha ziara yake rasmi ya siku mbili Juni 14, 2019. 
Rais wa Jamhuri ya Muungano wa Tanzania Dkt. John Pombe Magufuli akimtambulisha mgeni wake Rais wa Jamhuri ya Kidemokrasia ya Congo (DRC) Mhe. Félix Antoine Tshisekedi Tshilombo kwa Waziri wa Ulinzi na Jeshi la Kujenga Taifa Dkt. Hussein Mwinyi wakati akiondoka Ikulu kuelekea Uwanja wa Ndege wa Kimataifa wa Julius Nyerere jijini Dar es salaam baada ya kuhitimisha ziara yake rasmi ya siku mbili Juni
14, 2019.
Rais wa Jamhuri ya Muungano wa Tanzania Dkt. John Pombe Magufuli akimsindikiza mgeni wake Rais wa Jamhuri ya Kidemokrasia ya Congo (DRC) Mhe. Félix Antoine Tshisekedi Tshilombo baada ya kuhitimisha ziara yake rasmi ya siku mbili jijini Dar es salaam Juni 14, 2019.
Rais wa Jamhuri ya Muungano wa Tanzania Dkt. John Pombe Magufuli akiongea na Wakuu wa Vyombo vya Ulinzi na Usalama pamoja na Mkuu wa Mkoa wa Dar es salaam Mhe. Paul Makonda wakati wakisubiri kumuaga mgeni wake Rais wa Jamhuri ya Kidemokrasia ya Congo (DRC) Mhe. Félix Antoine Tshisekedi Tshilombo baada ya kuhitimisha ziara yake rasmi ya siku mbili jijini Dar es salaam Juni 14, 2019.
Rais wa Jamhuri ya Muungano wa Tanzania Dkt. John Pombe Magufuli akiwa na mgeni wake Rais wa Jamhuri ya Kidemokrasia ya Congo (DRC) Mhe. Félix Antoine Tshisekedi Tshilombo anayeagana na Mkuu wa Mkoa wa Dar es salaam Paul Makonda na Wakuu wa Vyombo vya Ulinzi na Usalama katika Uwanja wa Ndege wa Kimataifa wa Julius Nyerere jijini Dar es salaam baada ya kuhitimisha ziara yake rasmi ya siku mbili Juni 14, 2019.
Rais wa Jamhuri ya Muungano wa Tanzania Dkt. John Pombe Magufuli akiwa na mgeni wake Rais wa Jamhuri ya Kidemokrasia ya Congo (DRC) Mhe. Félix Antoine Tshisekedi Tshilombo anayeagana na Waziri wa Mambo ya Nje na Ushirikiano wa Afrika Mashariki Mhe. Profesa Palamagamba Kabudi baada ya kuhitimisha ziara yake rasmi ya siku mbili jijini Dar es salaam Juni 14, 2019.
Rais wa Jamhuri ya Muungano wa Tanzania Dkt. John Pombe Magufuli akiagana kwa furaha na mgeni wake Rais wa Jamhuri ya Kidemokrasia ya Congo (DRC) Mhe. Félix Antoine Tshisekedi Tshilombo katika Uwanja wa Ndege wa Kimataifa wa Julius Nyerere jijini Dar es salaam baada ya kuhitimisha ziara yake rasmi ya siku mbili Juni 14, 2019. 


Friday, 14 June 2019

MKURUGENZI MTENDAJI WA DCB ASHUHUDIA UWASILISHWAJI WA BAJETI YA SERIKALI BUNGENI DODOMA

Waziri wa Fedha na Mipango, Dk. Philip Mpango (kulia), akisalimiana na Mkurugenzi Mtendaji wa Benki ya Biashara ya DCB, Godfrey Ndalahwa (kushoto), Bungeni Dodoma jana mara baada ya Waziri Fedha na Mipango, kuwasilisha Bajeti ya Serikali kwa Mwaka wa Fedha 2019/20.
Waziri Ofisi ya Rais TAMISEMI, Selemani Jafo (kulia), akibadilishana mawazo na Mkurugenzi Mtendaji wa Benki ya Biashara ya DCB, Godfrey Ndalahwa (kushoto), Bungeni Dodoma jana mara baada ya Waziri wa Fedha na Mipango kuwasilisha Bajeti ya Serikali kwa Mwaka wa Fedha 2019/20.
Naibu Waziri wa Fedha na Mipango, Dk. Ashatu Kijaji (katikati) akisalimiana na Mkurugenzi Mtendaji wa Benki ya Biashara ya DCB, Godfrey Ndalahwa (kulia), Bungeni Dodoma jana mara baada ya Waziri Fedha na Mipango, Dk. Philip Mpango kuwasilisha bajeti ya Serikali kwa Mwaka wa Fedha 2019/20.
Waziri Mkuu Mstaafu, Mizengo Pinda akizungumza na Mkurugenzi Mtendaji wa Benki ya Biashara ya DCB, Godfrey Ndalahwa, Bungeni Dodoma jana.
Mkurugenzi Mtendaji wa Benki ya DCB, Geodfey Ndalahwa (kushoto), pamoja na baadhi ya waalikwa wakifuatilia kwa makini uwasilishwaji wa Bajeti ya Serikali Bungeni, Dodoma jana.

BENKI YA CRDB YATINGA BUNGENI KUSHUHUDIA UWASILISHWAJI WA BAJETI YA SERIKALI BUNGENI, DODOMA

Mkurugenzi Mtendaji wa Benki ya CRDB, Abdulmajid Nsekela akiwa ameambatana na Mwenyekiti wa Bodi wa Benki hiyo, Ally Laay (kulia) pamoja na Mjumbe wa Bodi, Abdul Mohamed (kushoto) wakati wakifuatilia hotuba ya mapendekezo ya Bajeti ya Serikali kwa mwaka 2019/20 iliyokuwa ikiwasilishwa Bungeni na Waziri wa Fedha na Mipango, Dkt. Phillip Mpango, jana Juni 13, 2019. 
Mkurugenzi Mtendaji wa Benki ya CRDB, Abdulmajid Nsekela akisoma kitabu cha hotuba ya mapendekezo ya Bajeti ya Serikali kwa mwaka 2019/20 iliyokuwa ikiwasilishwa Bungeni na Waziri wa Fedha na Mipango, Dkt. Phillip Mpango, jana Juni 13, 2019.
Sehemu ya wafanyakazi wa Benki ya CRDB pamoja na wageni wengine wakiwa kwenye ukumbi wa Bunge wakifuatilia hotuba ya mapendekezo ya Bajeti ya Serikali kwa mwaka 2019/20 iliyokuwa ikiwasilishwa Bungeni na Waziri wa Fedha na Mipango, Dkt. Phillip Mpango, jana Juni 13, 2019.

Thursday, 13 June 2019

MWENYEKITI MPYA WA BODI NA AFISA MKUU WA UFUNDI WA AIRTEL TANZANIA WATEMBELEA MAKAO MAKUU YA AIRTEL JIJINI DAR ES SALAAM

Mwenyekiti mpya wa Bodi ya Airtel Tanzania PLC, Dkt. Omari Nundu (kulia) akisalimiana na Mkurugenzi Mtendaji wa Airtel Tanzania, Bw. Sunil Colaso leo alipotembelea Makao Makuu ya Airtel Tanzania yaliyopo jijini Dar es Salaam Mtaa wa Morocco. Mwenyekiti huyo ameahidi kushirikiana na uongozi kuhakikisha kampuni hiyo inayomilikiwa na watanzania kwa asilimia 49% inaleta tija kwa watanzania.
Afisa Mkuu mpya wa Ufundi wa Airtel Tanzania, Dkt. Prosper Mafole (katikati) na Mwenyekiti mpya wa Bodi ya Airtel Tanzania PLC, Dkt. Omari Nundu (kulia) wakisalimiana na Mkurugenzi Mtendaji wa Airtel, Bw. Sunil Colaso walipotembelea Makao Makuu ya Airtel yaliyopo jijini Dar es Salaam Mtaa wa Morocco leo hii. Mkuu huyo wa Ufundi anaendelea na kazi sasa baada ya kuteuliwa na Serikali ili kujiunga na uongozi uliopo wa Airtel kuhakikisha kampuni hiyo inayomilikiwa na watanzania kwa asilimia 49% inatoa huduma bora zaidi na kuipa serikali faida .
Mwenyekiti mpya wa Bodi ya Airtel Tanzania PLC, Dkt. Omari Nundu (kushoto) akisalimiana na Mkurugenzi wa Masoko na Airtel Money, Isack Nchunda (kulia). Wengine pichani ni viongozi wakuu wa vitengo mbalimbali wa Airtel Tanzania.
Afisa Mkuu mpya wa Ufundi wa Airtel Tanzania, Dkt. Prosper Mafole (kulia) na Mwenyekiti mpya wa Bodi ya Airtel Tanzania PLC, Dkt. Omari Nundu (katikati) wakisalimiana na Mkurugenzi wa Mawasiliano na Udhibiti wa Airtel, Bi. Beatrice Singano walipotembelea Makao Makuu ya Airtel Tanzania Dar es salaam leo hii mara baada ya kuteuliwa na Serikali kujiunga na uongozi uliopo wa Airtel kuhakikisha kampuni hiyo inayomilikiwa na watanzania kwa asilimia 49% inatoa huduma bora zaidi na kuipa Serikali faida.
Wakwanza kutoka kushoto ni Mkurugenzi Mtendaji wa Airtel Tanzania, Bw. Sunil Colaso akifuatiwa na Mwenyekiti mpya wa Bodi ya Airtel Tanzania PLC, Dkt. Omari Nundu na Afisa Mkuu mpya wa Ufundi, Dkt. Prosper Mafole wakiwa kwenye kikao cha ukaribisho na baadhi ya wakuu wa vitengo mbalimbali wa Airtel Tanzania.

QUALITY MOTORS SEEKS 70BN/- OVER TRADE ROW


Quality Motors Limited has filed a commercial dispute against two international foreign companies, Honda Motors Japan and Honda South Africa (PTY) Limited, demanding among others, damages of 35 million US dollars (over 70bn/-), following the termination of a dealership agreement.

Read More >> 

DAR PORT CAPACITY TO HANDLE LARGE VESSELS BOOSTED


The Dar es Salaam Port is set to accommodate large vessels with a capacity to carry between 4,000 and 6,000 tonnes after construction of a new berth.

Read More >>

TOP INSURANCE POST FOR TANZANIAN NATIONAL


Commissioner of Insurance, Dr. Baghayo Saqware was elected Vice President of the Association of African Insurance Supervisory Authorities (AAISA) at a meeting held in Johannesburg, South Africa on Monday.

Read More >>