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Tuesday, 30 May 2017

BARCLAYS BANK TANZANIA HOSTS ITS CUSTOMERS FOR A LIVE VIEWING OF THE FA CUP FINALS

Barclays Bank Tanzania hosted its customers for a live match viewing of the FA Cup at the ‘Karambezi by Barclays’ restaurant. After the match, customers who were able to correctly predict the winner of the match received signed jerseys and footballs from the Premier League. The match ended with Arsenal lifting the trophy for a record 13th time. Go Goooners! All Barclays Premier customers who pay their bill with a Barclays Visa card qualify to receive up to 20% off food and drinks. More details in pictures;

Barclays Bank Tanzania Retail and Business Banking Director, Kumaran Pather (left) poses for a memento photograph with some of the Bank's valued customers.
Barclays Bank Tanzania Retail and Business Banking Director, Kumaran Pather (left) and the Banks Marketing Manager, Joe Bendera (second left), with some premier customers; Africa Practice Country Manager, Charles Washoma (right) and ENGEN Petroleum Tanzania Managing Director, Paul Muhato. 
Barclays Bank Tanzania Premier Centre Manager, Sophia Mang’enya (left) and the Bank's Retail and Business Banking Director, Kumaran Pather (second left) greet customers. 
Invited customers celebrate one of the best Arsenal scores.
Barclays Bank Tanzania Retail and Business Banking Director, Kumaran Pather (right) celebrates a goal with a Chelsea fan.

Monday, 29 May 2017

REMARKS BY AKINWUMI A. ADESINA, PRESIDENT OF THE AFRICAN DEVELOPMENT BANK, AT THE G7 SUMMIT, MAY 26-27, 2017, TAORMINA, ITALY


Your Excellencies, I wish to thank Prime Minister Gentiloni for inviting me to participate at this G7 Summit. It sends a major message: the G7 takes Africa seriously and sees the African Development Bank as a strategic partner. Let me thank you all in the G7 for your strong support for the African Development Bank.

The new spring in our step for Africa’s development comes from the Bank’s High 5 priorities: Light up and power Africa; Feed Africa; Industrialize Africa; Integrate Africa; and Improve the quality of life for the people of Africa. These High 5s will help to achieve 90% of the Sustainable Development Goals for Africa and 90% of Agenda 2063.

Africa needs innovation. This is crucial for access to energy, because 645 million Africans do not have access to electricity. Africa cannot develop in the dark. Africa needs an energy revolution.

That is why the Bank is investing $12 billion over the next five years in the energy sector as well as to leverage up to $50 billion, to address this challenge. We are investing in unlocking Africa’s renewable energy potential, especially innovations on solar power. Our goal is to connect 130 million households to grids and 75 million households to off-grid solar systems within ten years. To light up and power Africa is the biggest deal of the century.

MRADI WA BOMBA LA MAFUTA KUTOKA HOIMA NCHINI UGANDA HADI BANDARI YA TANGA WAIVA



Afisa Uhusiano wa Shirika la Maendeleo ya Petroli Tanzania (TPDC), Augustino Kasale (dulia) akimueleza jambo Waziri wa Vivanda  Biashara na Uwekezaji, Charles Mwijage (kushoto) wakati alipofungua maonyesho ya tano ya Kimataifa ya Biashara yanayofanyika kwenye viwanja vya Mwahako Jijini Tanga.

Mwanasheria Mwandamizi wa Shirika la Maendeleo ya Petroli nchini Tanzania (TPDC), Kelvin Gadi wakati akizungumza na waandishi wa habari kwenye banda lao ambalo lipo eneo la mwahako jijini Tanga kunakofanyika maonyesho ya tano ya biashara kimataifa.

Afisa Uhusiano wa Shirika la Maendeleo ya Petroli Tanzania (TPDC), Augustino Kasale, akizungumza na waandishi wa habari leo

Mradi wa Bomba la Mafuta Mkoani Tanga umefikia kwenye hatua ya wataalamu kukagua njia itakayopitisha miundombinu ya bomba la mafuta kutoka Hoima nchini Uganda hadi Bandari ya Tanga.

Hatua hiyo imekuja baada ya serikali ya Tanzania na Uganda kutiliana saini ya mkataba baina ya nchi na nchi (Iga) kukamilika.

Hayo yalisemwa leo na Mwanasheria Mwandamizi wa Shirika la Maendeleo ya Petroli nchini Tanzania (TPDC), Kelvin Gadi, wakati akizungumza na waandishi wa habari kwenye banda lao ambalo lipo eneo la mwahako jijini Tanga kunakofanyika maonyesho ya tano ya biashara kimataifa.

AMIR JESHI MKUU RAIS WA JAMHURI YA MUUNGANO WA TANZANIA DKT. JOHN POMBE MAGUFULI AMUAPISHA KAMISHNA WA POLISI SIMON SIRRO KUWA KAMISHNA GENERALI WA JESHI LA POLISI NCHINI MEI 29, 2017 IKULU JIJINI DAR ES SALAAM

Amir Jeshi Mkuu Rais wa Jamhuri ya Muungano wa Tanzania Dkt. John Pombe Magufuli akimvua cheo cha Kamishna wa Polisi Simon Sirro na kumvalisha cheo cha Kamishna Generali wa Jeshi la Polisi nchini Mei 29, 2017 Ikulu jijini Dar es salaam. 


Amir Jeshi Mkuu Rais wa Jamhuri ya Muungano wa Tanzania Dkt. John Pombe Magufuli akimuapisha Mkuu wa Jeshi la Polisi Mteule, Kamishna wa Polisi Simon Sirro kuwa Kamishna Generali wa Jeshi la Polisi Nchini Mei 29, 2017 Ikulu jijini Dar es salaam.
Amir Jeshi Mkuu Rais wa Jamhuri ya Muungano wa Tanzania Dkt. John Pombe Magufuli akimpongeza Kamshina Jenerali wa Polisi nchini Simon Sirro mara baada ya kumuapisha Mei 29,2017 Ikulu jijini Dar es salaam. 
Amir Jeshi mkuu Rais wa Jamhuri ya Muungano wa Tanzania Dkt. John Pombe Magufuli katika picha ya pamoja na Mkuu wa Jeshi la Polisi Mteule Simon Sirro na aliyekuwa Mkuu wa Jeshi la Polisi Ernest Mangu. 
Amir Jeshi Mkuu Rais wa Jamhuri ya Muungano wa Tanzania Dkt. John Pombe Magufuli akisalimiana na aliyekuwa Mkuu wa Jeshi la Polisi Ernest Mangu.

NATIONAL ECONOMIC EMPOWERMENT COUNCIL PARTNERS WITH TANZANIA STANDARD NEWSPAPERS TO ORGANISE ECONOMIC EMPOWERMENT FORUM


National Economic Empowerment Council (NEEC) has teamed up with Tanzania Standard Newspapers (TSN) to organise 2nd Annual Economic Empowerment Forum scheduled for June 10 in Dodoma.

NEEC Executive Secretary Ms Beng’I Issa said in a joint press conference with TSN in Dar es Salaam today that the partnership with will enable NEEC to reach more coverage in its extensive news particularly on economic empowerment.

“NEEC believes in wider network and through TSN media network more people within and out of the country will be able to get up-to-date information on economic empowerment,” said the NEEC Executive Secretary while briefing journalists on Annual Economic Empowerment Forum.

MARRIOTT INTERNATIONAL TO DEBUT THE RITZ-CARLTON IN THE ZANZIBAR ARCHIPELAGO

Mr. Saleh Said, Director of Pennyroyal Gibraltar Limited and Mr Alex Kyriakidis, President and Managing Director, Middle East and Africa, Marriott International.

Mr. Saleh Said, Director of Pennyroyal Gibraltar Limited and Mr Alex Kyriakidis, President and Managing Director, Middle East and Africa, Marriott International, along with other executives from both companies.
PRESS RELEASE 
  • Slated to open in 2021, the 90 room all-suite and villa resort will provide the quintessential Indian Ocean experience amidst an idyllic island setting 
DUBAI, United Arab Emirates, May 22, 2017/ -- Marriott International (NASDAQ: MAR) (www.Marriott.com) today announced the signing of an agreement with Pennyroyal Gibraltar Limited, to debut The Ritz-Carlton brand (www.RitzCarlton.com) in the exotic Zanzibar Archipelago. Slated to open in 2021, the 90 room all-suite and villa resort will bring the defining luxury experience of The Ritz-Carlton to one of the most magical destinations in the world. Located within a convenient 45-minute drive from Zanzibar International Airport, The Ritz-Carlton, Zanzibar will provide easy access to the fabled and magnificent UNESCO World Heritage Site, Stone Town, often referred to as the cultural heart of Zanzibar.

The signing of The Ritz-Carlton, Zanzibar took place at an intimate ceremony attended by the owners, Mr. Saleh Said and Mr. Brian Thomson, Directors of Pennyroyal Gibraltar Limited and Mr Alex Kyriakidis, President and Managing Director, Middle East and Africa, Marriott International, along with other executives from both companies.

ZANTEL KUTOA OFA KWA WATEJA WAKE KIPINDI CHA MFUNGO WA RAMADHANI

  • Wateja wa mtandao wa simu Zantel sasa kufurahia mawasiliano na ndugu jamaa na marafiki waliopo mashariki ya kati kwa bei nafuu kwa kutumia kifurushi cha kimataifa cha uarabuni.
Dar es Salaam, Mei 29 2017 - Kampuni ya simu ya Zantel inaendelea kutimiza ahadi yake ya kuongeza thamani katika maisha ya wateja wao na sasa kutangaza ofa maalum inayowalenga waumini wa dini ya Kiislamu nchini ili kuadhimisha mwezi mtukufu wa mfungo wa Ramadhani duniani kote.

Akitangaza habari hii makao makuu ya kampuni ya Zantel yaliyopo Msasani jijini Dar es salaam Mkurugenzi mkuu wa Zantel Bw. Benoit Janin amesema “Ramadhani ni muda muafaka wa kujenga mahusiano mazuri na ndugu, jamaa na marafiki na ofa hii ni ishara ya Zantel kuwasaidia wateja wake kuweza kuungana na kuwasiliana kwa urahisi zaidi na wapendwa wao”.

Aliongeza kwa kusema mtandao wa Zantel utaendelea kutoa huduma kwa mamilioni ya Watanzania kuwasaidia kutimiza malengo na ndoto zao kupitia vipengele mbali mbali vya huduma za kampuni hiyo ikiwa ni pamoja bidhaa na huduma za upigaji simu, vifurushi vya internet na mtandao. Alisema kampuni itahakikisha vyote hivi kwa kutoa huduma na bidhaa bora za upigaji simu na vifurushi vya intaneti huku tukihakikisha tunawekeza faida endelevu. Kwa mwaka 2016 kulikua na matatizo mbali mbali ila kwa sasa mkakati wetu ni kuhakikisha tunatoa vipao mbele kwa vitu vyenye umuhimu mkubwa kwa wateja ikiwemo kuwa mtandao bora unaotoa intaneti ya kasi zaidi wa 4G, kupenya na kuwafikia watumiaji wengi zaidi,na kujiandaa kwa siku zijazo kuwa kampuni ya bidhaa inayopendwa zaidi.

“Tunahitaji kuwa tayari kwa siku zijazo kwa njia mbali mbali za kuongeza mapato pamoja na huduma zinazoongeza thamani ya mtandao wa zantel ikiwemo uboreshaji wa vifurushi vya intaneti, tayari tunaona mabadiliko makubwa katika mtandao wetu” aliongezea kwa kusema “Kutakua na bidhaa mbali mbali tutakazozitoa kipindi hiki zitakazofurahiwa na wateja wetu kukiwa na mpangilio wa ofa zilizoanza tarehe 24/05/2017” Aliongezea.

INTERNATIONAL COMMUNITY APPLAUDS TANZANIA’S LEADERSHIP OF SADC ORGAN AND EFFORTS TO STABILIZE POLITICAL SITUATION IN LESOTHO

Ambassador Dr. Augustine Mahiga in conversation with the United States Ambassador to the Kingdom of Lesotho H.E. Matthew T. Harrington after launching SEOM at AVANI Hotel in Maseru Lesotho.
Ambassador Dr. Augustine Mahiga flagged with SADC Secretariat together with members of SADC Organ with all SADC Elections Observation Mission in a group photo. SADC has deployed about 40 observers from 9 member states in this year's election.
Head of SADC Elections Observation Mission in Lesotho and Chairperson of the Ministerial Committee of the Organ Amb. Dr. Augustine Mahiga, delivering his statement during the launch of the mission recently in Maseru Lesotho.
PRESS RELEASE

Tanzania’s President Dr. John Pombe Magufuli has been applauded by the international community for his impeccable leadership of the SADC organ on politics, defense and security cooperation at this juncture when the community is ushering Lesotho into yet another National Parliamentary Election, the third within five years.

Representatives from international organizations operating within SADC region and Lesotho in particular including the United Nations and European Union have commended SADC urgent call to the incoming government for serious structural and constitutional reforms. 

During the recent launch of SADC Electoral Observation Mission (SEOM) in Lesotho held in Maseru, Hon. Dr. Augustine Mahiga, Tanzania’s foreign Minister, Chairperson of the Ministerial Committee of the Organ and mission head reiterated SADC ‘s earlier mandate to the current government to undertake reforms in order to stabilize its political system and avoid a repeat of previous political crises.

Friday, 26 May 2017

ASSOCIATION OF TANZANIA EMPLOYERS FEMALE FUTURE'S FIRST GRADUATION

Minister for Education, Science, Technology and Vocational Training, Prof. Joyce Ndalichako (left), is being received by Association of Tanzania Employers Chairperson Hon. Almas Maige (right) before she officiated at ATE Female Future program’s 1st graduation ceremony in Dar es Salaam yesterday. Looking on is ATE Executive Director, Dr Aggrey Mlimuka. A program aims among others to attract more women into Management Positions, Decision Making processes and on Boards of Directors of Companies. Minister Ndalichako was representing the Vice President, Her Excellency Mama Samia Suluhu Hassan. 
Minister for Education, Science, Technology and Vocational Training, Prof. Joyce Ndalichako (second left), presenting a certificate to one of participants of Association of Tanzania Employers Female Future program, the National Housing Corporation Head of Corporate Affairs, Susan Omari during a training program’s 1st graduation ceremony in Dar es Salaam yesterday. Left is ATE Chairperson Hon. Almas Maige. A program aims among others to attract more women into Management Positions, Decision Making processes and on Boards of Directors of Companies. Minister Ndalichako was representing the Vice President, Her Excellency Mama Samia Suluhu Hassan. 
Minister for Education, Science, Technology and Vocational Training, Prof. Joyce Ndalichako (third left), presenting a certificate to Elizabeth Willilo from Barclays Bank Tanzania during the Female Future program 1st graduation ceremony in Dar es Salaam yesterday.

ETIHAD AIRWAYS CELEBRATES THE DELIVERY ITS 10th A380

Etihad Airways and Airbus employees celebrate the handover of the airline’s 10th and final Airbus A380 at Hamburg Finkenwerder.
Etihad Airways has taken delivery of its 10th and final Airbus A380.

Employees from Etihad Airways and Airbus gathered at the European plane-maker’s Hamburg Finkenwerder plant in Germany, where the aircraft was officially handed over to the UAE national airline before commencing its delivery flight to Abu Dhabi.

The airline’s award-winning double-decker A380s are the most customised aircraft of their kind in commercial service and feature unique innovations such as The Residence - a three-room living space for up to two guests, including a living room, a private shower-room, and a bedroom. The aircraft also boasts nine First Apartments, 70 Business Studios, a Lobby Lounge, and 415 Economy Smart Seats.

Thursday, 25 May 2017

ETHIOPIA'S TEDROS BECOMES FIRST AFRICAN TO HEAD WORLD HEALTH ORGANIZATION

Tedros won a decisive third-round election to beat the UK's David Nabarro to the job.
Ethiopia's Tedros Adhanom Ghebreyesus has been elected as the new head of the World Health Organization (WHO), becoming the first African to lead the United Nations health agency.

Ethiopia's former health minister received more than half the votes in the first round and eventually won a decisive third-round election on Tuesday to beat the UK's David Nabarro to the job.

The list of three shortlisted candidates also included Sania Nishtar from Pakistan.

"All roads lead to universal coverage. This will be my central priority," Tedros, as he is widely known, told health ministers at the WHO's annual assembly after his election.

ANALYSTS, MPs THUMB-UP 'EYE-OPENER' ACCOUNT

President John Magufuli.
Academicians and legislators have described the probe report on copper concentrate exports presented to President John Magufuli as an eye-opener, on how Tanzania has been losing billions of shillings in the mining sector, calling for transparency in contracts between the government and investors.

Soon after findings of the scathing report were unveiled yesterday, share prices of Acacia Mining Plc at the London Stock Exchange (LSE) and Dar es Salaam Stock Ex-change (DSE) fell by 17.3 and 15.91 per cent, respectively.

And in a quick response, Acacia Mining, the major player in gold mining in Tanzania, claimed in a statement that, “We declare everything of commercial value that we produce and pay all appropriate royalties and taxes on all of the payable minerals that we produce.

”Nevertheless, speaking in separate interviews, academicians pointed an accusing finger at foreign investors of cheating and exploitation.“

Had it not been for cheating Tanzania could have made it to the middle income economy and significantly cut donor dependency,” according to a don at the University of Dar es Salaam, Prof Humphrey Moshi.

Prof Moshi, who once worked at the World Bank as an economist, proposed for joint ventures between either the government or local investors with foreigners to retain part of profits posted by mining companies.

PROBE TEAM UNEARTHS MASSIVE THIEVERY IN MINERAL SAND EXPORTS

Tanzania has been losing trillions of shillings in revenue; a committee formed by President John Magufuli to investigate the amount of copper and gold contained in mineral sand and its value has revealed.

The probe team has also recommended that the government reinforces ban on mineral sand exports until the right royalties are paid to the State, while investigations and legal steps are taken against employees involved.

The probe committee revealed that all minerals found in the 277 containers including gold, silver, sulfur, copper and strategic minerals are worth between 829.4bn/ and 1.438trl/-.

Presenting the report findings before President Magufuli at State House in Dar es Salaam, yesterday, the Probe Committee Chairman Prof Abdulkarim Mruma said his team unearthed huge quantities of gold concentrate in the mineral sand investigated at between 671 gram per tonne and 2, 375 gram per tonne, an average of 1,400 grams per tonne, meaning 28kgs of gold in one container weighing 20 tonnes of mineral sand.

SAND REPORT OPENS CAN OF WORMS - PRESIDENT MAGUFULI FLUSHES OUT PROF. MUHONGO

President John Magufuli gets clarification from the Chairperson of a committee formed to probe the contents in mineral sand, Prof. Abdulkarim Mruma, soon after receiving the report at State House in Dar es Salaam yesterday. Looking on are Vice President, Ms. Samia Suluhu Hassan and Prime Minister, Mr. Kassim Majaliwa (right).
President John Magufuli, yesterday, fired the Minister of Energy and Minerals Prof Sospeter Muhongo, dissolved Tanzania Minerals Audit Agency (TMAA) Ministerial Advisory Board (MAB) and suspended the agency’s Chief Executive Officer (CEO), Eng Dominic Rwekaza, following mineral sand probe team’s report that revealed sickening thievery architected by mining firms and crooked leaders.

President Magufuli issued the directives after receiving a report on mineral sand investigations from a probe team he formed in March this year, to investigate the amount of minerals present in the sand, exported abroad and its value at State House yesterday.

Dr Magufuli directed security organs including the Preven-tion and Combating of Corruption Bureau (PCCB) to immediately investigate all employees under TMAA and Ministry of Energy and Minerals involved, including former Mineral Com-missioners for legal actions.

He also directed that security organs, Tanzania Intelligence and Security Service (TISS) and if possible the military as well, should effectively be used in all strategic areas.

“I like Prof Muhongo a lot, he is my friend, but in this issue he should reflect on it and assess himself and without delay I would like him to step down,” Dr Magufuli painfully stated, noting that all recommendations by the probe team will be implemented.

President Magufuli, however, went on to revoke the Minister’s appointment later in the day.

Tuesday, 23 May 2017

TBL DOMINATES MARKET SHARE AT DSE

TANZANIA Breweries Limited (TBL) dominated the market share at the Dar es Salaam Stock Exchange (DSE) by 97 per cent, but also emerged the top loser of the week after depreciating by 4.55 per cent to 10,500/- from 11,000/-per share.
“The period for which quality stocks are been beaten down is the best time for investors to begin purchasing them,” Zan Securities Limited said in its weekly wrap-ups.
Swissport was the second top loser after depreciating by 2.91 percent to close the week 5,000/-per share. The self-listed DSE share ended at 1,180/-per share which was equivalent to a 1.67 percent decrease.
During the week under review, the equity market turnover weakened by 2 percent, closing at 8.05bn/- compared to 8.2bn/-posted in the preceding week.
Comparatively, key benchmark indices were in the red territory with the Tanzania Share Index (TSI) capping at 3,357.78 points, 2.13 percent lower than preceding week.

HEFTY TAXES CRIPPLE TANZANIA’S SECURITY COMPANIES

Summary 
The categorization of private security companies as ‘professional services’ has landed them with a hefty tax burden under the new 5 percent withholding tax policy. This move is crippling the security industry, while being counterproductive in its revenue-raising motive.

Dar es Salaam: WS Insight (formerly Warrior Security), a specialized risk management company says that among the new tax legislation introduced in the last year’s Finance Act was a change that has serious implications for Tanzania’s security industry. 

For the first time, private security companies have been included among the ‘professional services’ businesses that are subject to the 5 percent withholding tax – an obligation applied to higher-wage professionals in areas such as accountancy and consultancy. This re-classification of private security is causing damaging and deepening impacts to the industry.
There are fundamental differences between the financial make-ups of security companies when compared to the professional services which the 5 percent tax was originally devised to include. Professional services such as architecture and law are essentially skills- and knowledge-based. 

The security industry, by contrast, is highly manpower-intensive and engages low-skill labour in employment following a short period of training. The upshot is that security firms’ gross incomes do not far exceed the costs of meeting the payroll of guard staff. When overheads, statutory taxes and other costs are added, the result is a narrow profit margin.

Monday, 22 May 2017

CRDB PLANS 14-STOREY HQ

CRDB Managing Director, Charles Kimei speaks during the bank's annual general meeting held in Arusha over the weekend.

In Summary
Currently, the bank operates from six floors of a building that is located along Azikiwe Street in Dar es Salaam.

But the managing director, Dr Charles Kimei, told the bank’s shareholders during the 22nd annual general meeting (AGM) here at the weekend that the bank will soon build a modern building that portrays the true picture of CRDB’s status in the country.

Arusha. CRDB Bank will build a 14-storey headquarters building in Dar es Salaam as the country’s largest lender seeks to further enhance its image.
Currently, the bank operates from six floors of a building that is located along Azikiwe Street in Dar es Salaam.

But the managing director, Dr Charles Kimei, told the bank’s shareholders during the 22nd annual general meeting (AGM) here at the weekend that the bank will soon build a modern building that portrays the true picture of CRDB’s status in the country.

“It will be an iconic building that will portray the bank’s status, as well as its vision and commitment to Tanzania’s economy,” he said, declining to reveal the actual amount to be injected into the project.

NEW REPORT SHOWS HOW 7.2TRN/- IS LOST

TANZANIA lost 7.2trn/- (about 2.13billion US dollars) last year as a result of an extraordinary tax holiday, according to new report by three faith-based organizations.
Dar es Salaam based interfaith standing committee for economic justice and the integrity of creation in Tanzania, published their latest report on Saturday, blaming corruption, crime and tax evasion.
Named “The One Billion Dollar Question; How Much is Tanzania now Losing in Potential Tax Revenues?”, the report released here indicates that the lost money, that can be linked to tax evasion and incentives, had jumped from 1.3 billion US dollars in 2012 to 1.83 billion US dollars in 2017.
More than 1.3billion US dollars revenue was lost to corruption and grafts. Prof Honest Ngowi, an economist said: “Such lost money would have tripled the health budget or doubled education sector spending.
It could also have helped transform social protection measures and support the most vulnerable by ten times the current budget.” “The situation is now worse than where we come from,” he said, advising the government to broaden the tax base and deepen campaigns to counter tax evasion.
Tanzania is Africa’s fourth largest gold producer and the second East African country with the largest natural gas deposits after Mozambique.

TANDAHIMBA BANK SEEN ON RECOVERY PATH

MTWARA based Tandahimba Bank is seen walking out of financial quagmire thanks to a great support rendered by CRDB last year.

CRDB supported the community bank to walk out of financial difficulties after it incurred losses which reached 200m/- last year. The bank's non-performing loans ratio reached 90 per cent as rate of default on loan repayment soared to unprecedented levels.
The community bank poor balance sheet left the regulator, the Central Bank to either shut it down or finding a custodian bank. CRDB Managing Director Dr Charles Kimei said at the Annual General Meeting in Arusha over the weekend that the Central Bank had asked them to rescue the bank from bankruptcy last year.

WHITEDENT SCOOPS THE TITLE OF TANZANIA’S LEADING SUPERBRAND


Dar es Salaam. Sunday, May 21 2017. Household and personal hygiene brands, Whitedent and Foma Gold have been voted as Tanzania’s leading Superbrands following a comprehensive survey conducted by marketing experts and over 1,000 Tanzanian consumers based in Dar es Salaam, Arusha and Mwanza.

The process was managed by a London based company, The Centre for Brand Analysis.

Illustrating the increased consistency of the leading brands in the region, 10 brands retained the top 20 positions from the previous year. New entries into the ranking include: Foma Gold, Chai Bora, Mwananchi and University of Dar es Salaam.

Meanwhile, CRDB Bank and Toyota have both entered the top 20, with the former moving up one place to 11th and the latter up a more significant four places to 16th. The general trend has seen an increase of brands in the top 20 drawn from; Finance, Household, Automotive and Food & Beverage categories.

ZANTEL EMPLOYEES PARTICIPATE IN CLEANING THE KUNDUCHI BEACH FISH MARKET IN DAR

Zantel employees participate in the beach clean-up exercise at Kunduchi Fish Market in Dar es Salaam over the weekend. The exercise is part of the company’s Corporate Social responsibility (CSR) in ensuring that they deliver a cleaner and safer environment for the aquatic life as well as that of the local community. In addition the company donated beach cleaning tools to Kunduchi Fish market’s leaders and urged them to continue the cleaning culture.
Zantel’s Brand and Communications Manager, Rukia Mtingwa (right) participates in the beach clean-up exercise at Kunduchi Fish Market in Dar es Salaam over the weekend. 

ETIHAD AIRWAYS TO LAUNCH A380 FLIGHTS TO PARIS

  World’s Largest Passenger Jet Features Airline’s Award-Winning Three-Room Suite, ‘The Residence’

ABU DHABI – Etihad Airways today announced the year-round deployment of its award-winning Airbus A380 aircraft on the Abu Dhabi to Paris route.

The superjumbo, which features ‘The Residence’ - the world’s first three-room suite on a commercial airliner - will operate from 1 July on one of its twice-daily services from the UAE’s capital city to the capital of France.

Paris becomes the airline’s latest A380 long-haul destination following London, Sydney, New York and Melbourne. With the 496-seat aircraft upgrade from a 328-seat Boeing 777, Etihad Airways will offer an all-A380 daily service from Paris to both Melbourne and Sydney via the airline’s Abu Dhabi home base.

The additional capacity will provide business and leisure travellers from France with more opportunities to visit Abu Dhabi.

It will also support the strong connecting traffic to and from many cities across Asia and Australia from Abu Dhabi including Brisbane, Perth, Bangkok, Chengdu, Ho Chi Minh City, Hong Kong, Jakarta, Manila, Shanghai, Seychelles, Chennai, Delhi and Mumbai.

Flight EY31 has a scheduled departure time from Abu Dhabi at 2.15 am which arrives at Paris Charles de Gaulle airport at 7.50 am local time.  The return flight, EY32 takes off from the French capital at 10.40 am and arrives in Abu Dhabi at 7.30 pm.

CRDB EMPLOYS 600 IN A SINGLE YEAR

CRDB’s Managing Director Dr Charles Kimei

CRDB Bank, Tanzania’s leading bank, has employed some 550 new staff despite challenges the industry faced last year.

The new staff ballooned CRDB number of workforce to about 3,200 serving at 250 branches across the country, after opening additional 76 branches in a single year.
However, the CRDB’s Managing Director Dr Charles Kimei said they are expecting to slow down employment after reaching critical mass and concentrate on technology. “We are going to slow down on expansion after reaching a critical mass... and expectation is slow expansion growth.
“The banks want to now manage costs by using information technology and our bank agents [FahariHuduma],” Dr Kimei told the bank shareholders in Arusha yesterday.

Sunday, 21 May 2017

ETIHAD AIRWAYS AND ELLERY CELEBRATED 10-YEAR MILESTONES AT MERCEDES-BENZ FASHION WEEK AUSTRALIA

IMG Model and star of the inaugural episode of Model Diaries, Georgia Fowler, flanked by Etihad Airways cabin crew at the Etihad Atelier at Mercedes-Benz Fashion Week Australia in Sydney.@EtihadAirways #RunwaytoRunway @elleryland

A ground breaking decade of fashion and luxury travel was celebrated at an exclusive Australian Fashion Week VIP Event in Sydney overnight
Distinguished Australian designer, Ellery, last night co-hosted an exclusive event – ELLERY X ETIHAD AIRWAYS – together with the Abu Dhabi-based airline at Mercedes-Benz Fashion Week Australia.

The event celebrated ELLERY’s 10th year since showing for the first time at Australian Fashion Week with a retrospective of iconic looks from the ELLERY archive. Etihad Airways celebrated its 10 years of service to Australia and global commitment to fashion with the Australian launch of its Runway To Runway program.

Friday, 19 May 2017

CRDB BULLISH ON GROWTH DESPITE CHALLENGES

CRDB Bank Managing Director, Dr. Charles Kimei (centre), speaks at a press conference in Dar es Salaam on Tuesday ahead of the 22nd Annual Stakeholder's General Meeting scheduled to take place later this week in Arusha. He is flanked by Deputy Managing Director, Operations & Customer Services, Mr. Saugata Bandyopadhyay (first right) and Deputy Managing Director, Shared Services, Ms. Esther Kitoka (first left).
CRDB Bank remains optimistic of posting strong results this year despite policy changes that increased challenges in operations, its Managing Director, Dr. Charles Kimei has said.

Speaking in Dar es Salaam on Tuesday ahead of the bank's Annual General Meeting scheduled for later this week, Dr. Kimei said the ongoing policy orientation, including macroeconomic and structural policies, as well as changes in regulatory framework were likely to result in increasing loan repayment default rate among borrowers.

The bank, with a subsidiary in Burundi, reported a Group pretax profit slow down to 118.2bn/- from 187.7bn/- attained in the previous year. The Tanzania operation alone posted a pre-tax profit of 111.9bn/- compared to 178.2bn/- recorded last year.

LENDING TO PRIVATE SECTOR FALLS TO HISTORIC LOW LEVELS


Banks’ lending to private sector has registered a historical low level after growing by merely 3.7 per cent year-on-year ending March.

The sector low credit growth came at a time when banks are seen to prefer risk-free government instruments to private sector lending—putting GDP target growth at crossroad. International Monetary Fund projected the economy growth in 2016 at around 7.0 per cent.

According to the latest Bank of Tanzania (BoT) monthly economic review, credit to private sector dropped eight times to slightly over 2.0tri/- for the year ending March against almost 16tri/- some period last year.

TANZANIA REVENUE AUTHORITY, TIB CORPORATE BANK PARTNER TO EASE TAX PAYMENT

Tanzania Revenue Authority (TRA) Commissioner General, Charles Kichere (first left) and TIB Corporate Bank Managing Director, Frank Nyabundege (first right), display partnership documents whereby the two Government owned institutions will cooperate in tax collection through the Taxbank system recently. Looking on is TRA Director of Tax Payer Services and Education, Richard Kayombo (second left) and TIB Corporate Bank Head of Marketing and Corporate Affairs, Theresia Soka.
Tanzania Revenue Authority (TRA) and TIB Corporate Bank have entered into a partnership which allows tax payers in the country to clear all their taxes through the bank’s branch located at the Dar es Salaam Port for 24 hours every week.

The move comes a week after the Prime Minister, Mr Kassim Majaliwa, directed government institutions at the Dar es Salaam Port to operate 24 hours a day and seven days a week (24/7), to reduce dwell time and make it competitive.

TRA Commissioner General, Mr Charles Kichere, told journalists in Dar es Salaam on Tuesday that the move will facilitate tax collection through the Taxbank system.

TANZANIA INKS CASSAVA EXPORT DEAL TO CHINA


Tanzania has secured a cassava exporting deal to China for unlimited amount, thanks to an agreement signed in Beijing ON Wednesday after the end of Belt and Road Forum.

Tanzania Ambassador to China, Mbelwa Kairuki signed for Dar es Salaam while Beijing was represented by Deputy Head of China's General Rights of Quality, Supervision, Inspection and Quarantine, Li Yuanping.

Ambassador Kairuki said to boost the country’s cassava production, the embassy in Beijing started to shop around for technology to increase its output. "This is a special day for cassava farmers back home. My message is grab this opportunity by increasing production since a steady market has been secured,” he said.

IMF LEADER TOUTS FOR MORE STABLE TAX REGIME

International Monetary Fund Deputy Managing Director, Tao Zhang.
The International Monetary Fund (IMF) Deputy Managing Director, Tao Zhang has hailed Tanzania for managing to boost tax collection to finance infrastructure development but cautioned the country needs a more stable tax regime to remain an attractive investment destination.

The visiting IMF leader said it was vital to mobilise more private and public resources by strengthening tax collection but unpredictability of tax regime remained a challenge as the country strive to develop an industrial economy as envisaged in the second Five-Year Development Plan.

"So it is crucial to mobilise more private and public resources within Tanzania, especially by strengthening tax collection under a fair and predictable tax regime. This is an area where Tanzania has fallen behind its neighbours," he said at a public lecture he gave in Dar es Salaam recently.

INCREASED BUDGET ALLOCATION TO PUSH GOVERNMENT INDUSTRIAL DRIVE

Industry, Trade and Investment Minister, Charles Mwijage.
The Ministry of Industry, Trade and Investment has doubled development budget in the 2017/18 financial year, pushing the country’s industrialisation drive further.

The ministry, yesterday, asked Parliament to endorse a proposed budget of 122 billion/- for the next financial year, out of which 80bn/- will be set for development projects and the remaining 42bn/- for recurrent budget. In the current financial year, the development budget stands at 40bn/- and 41.8bn/- was for recurrent budget.

Comparatively, the recurrent budget for 2016/17 and that of 2017/18 has remained almost the same with a slight increase of 0.2bn/- , but there was a significant increase of 40bn/- in development funding.

When tabling the budget, the Minister for the docket, Mr Charles Mwijage, pointed out that the budget allocation indicates the government’s commitment to realise industrialisation vision come 2025.

HALOTEL SHEDS LIGHT ON ECONOMIC SABOTAGE CASE

Halotel Managing Director, Mr. Le Van Dai, speaks to reporters in Dar es Salaam yesterday about Halotel's recent implication in a recent economic sabotage case. Looking on is Ms. Fatma Seif, an Advocate in charge of Regulatory Affairs.
Halotel Tanzania has said its implication in a recent economic sabotage case was a result of inadvertently working with a fictitious company that caused a 459m/- loss to the Tanzania Communications Regulatory Authority (TCRA).

Halotel Managing Director, Mr Le Van Dai said in Dar es Salaam yesterday that they had sold 1,000 Subscriber Identification Module (Sim) cards to UNEX company Ltd and failed to verify information provided by the latter for registration purpose.

The Kisutu Resident Magistrate’s Court in Dar es Salaam on Tuesday sentenced Viettel Tanzania Limited, its former Managing Director, Do Manh Hong (44) and seven other foreigners to pay a total of 689m/- for occasioning loss to the Tanzania Communications Regulatory Authority (TCRA).

THE WORLD BANK VACANCY ANNOUNCEMENT - SENIOR EXECUTIVE ASSISTANT


3 Years Term Appointment
Location: Dar es Salaam, Tanzania

The World Bank, the leading multi-lateral institution in global economic development, is seeking to hire a seasoned and highly energized professional to work as Senior Executive Assistant in the Office of the Country Director for Tanzania, Malawi, Burundi and Somalia (AFCE1) based in Dar es Salaam, Tanzania. 

The Senior Executive Assistant reports directly to the Country Director (CD), and is an essential member of the fast-paced and busy Country Office. The incumbent is responsible for providing the full range of support to the Country Director and the Country Management Unit (CMU), with the highest level of professionalism, diplomacy, tact and discretion. The Country Director is based in Dar es Salaam, Tanzania, and is supported by the Country Program Coordinator based in Washington, the Senior Operations Officer in Dar es Salaam, Tanzania, two Country Managers each for and based in Malawi and Burundi, the Country Representative for Somalia based in Nairobi, Kenya and three Program Leaders based in Dar es Salaam, Tanzania representing the Global Practice Groups.

The responsibilities will include:

Specifically, the Senior Executive Assistant will be responsible for the following: 

1) Managing the Country Director’s Office
  • Manages the Country Director’s schedule; organizes and coordinates relevant briefing or background material for meetings. Screens and prioritizes incoming correspondence and messages to the CD, independently responding to extensive and diverse inquiries, liaising with others in the CMU, including Washington and making independent decisions when multiple courses of actions are required. Monitors and follows up on issues related to the Country Director’s function and ensures that relevant staff members are informed. Handles sensitive and confidential information. Ensures timely submission and review of briefing materials and appropriate follow-up actions, making sure materials are presented to the Country Director for review prior to meetings. 
  • Initiates and coordinates all aspects of the CD’s travel schedule (i.e., SAP, ticket and hotel reservations, visa requests, etc.) including coordinating the travel and protocol needs of the Country Director while on mission. 
  • Drafts correspondence and prepares and ensures adherence to administrative guidelines and overall quality of outputs requiring the Country Director’s signature. 
  • Provides general research support and utilizes all relevant computer software to retrieve, maintain and manipulate data and independently respond to diverse inquiries and make decisions when multiple courses of action are possible. 
  • Establishes and maintains relevant files and databases for the CMU. 
  • Ensures the quality and timeliness of information emanating from the front office; independently decides and follows through on appropriate dissemination of information to staff by sharing reports, status updates and other information as necessary. 
  • Serves as the first point of contact and liaison with an extensive network of contacts at the most senior levels, both internally and externally. Provides follow-up on required actions and monitors compliance. Responds to diverse inquiries and makes decisions when multiple courses of action are possible. Establishes and maintains an effective network of contacts with Government officials at the highest level.