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Friday, 28 June 2019

BENKI YA AZANIA YAZINDUA KAMPENI YA ‘AMSHA NDOTO’ KUHAMASISHA UTAMADUNI WA KUWEKA AKIBA MIONGONI MWA WATANZANIA

Mkurugenzi Mtendaji wa Benki ya Azania Charles Itembe (katikati) akizungumza na waandishi wa habari katika uzinduzi wa kampeni ya Amsha Ndoto ‘Amsha Ndoto’ yenye lengo la kuwahamasisha wateja wake na watanzania kwa ujumla kuwa na utamaduni wa kuweka akiba ili waweze kuwa na maisha ya baadaye yaliyo imara kifedha. Kulia kwake ni Mkurungezi wa Biashara wa Benki ya Azania Rhimo Nyansaho na kushoto ni Meneja Mwandamizi wa Uendeshaji wa Azania Bank, Jane Chinamo, jijini Dar es salaam.
Wanahabari wakifuatilia kwa karibu hotuba ya Mkurugenzi Mtendaji wa Benki ya Azania, Charles Itembe wakati wa Uzinduzi wa kampeni ya 'Amsha Ndoto'.
Dar-es-salaam, Juni 27, 2019: Benki ya Azania (ABL) imetangaza uzinduzi wa kampeni iliyopewa jina, ‘Amsha Ndoto’ yenye lengo la kuwahamasisha wateja wake na watanzania kwa ujumla kuwa na utamaduni wa kuweka akiba ili waweze kuwa na maisha ya baadaye yaliyo imara kifedha.

Kampeni itaendeshwa kwa miezi mitatu, kuanzia 27 Juni 2019 hadi 27 Septemba 2019 na itahusisha wateja wa zamani na wapya ikijikita zaidi katika bidhaa mbili kuu za uwekaji akiba, ambazo ni: Ziada Akaunti(kwa ajili ya kila mmoja) na Watoto Akaunti(kwa ajili ya watoto tu).

Kwa mujibu wa Mkurugenzi Mtendaji wa ABL, Charles Itembe, Ili kustahili kupokea zawadi, wateja wanapaswa kuwa na akiba yenye thamani ya TZS 1,000,000 kwenye akaunti zao na kuendelea ili kuwawezesha kustahili kuingia kwenye fainali ya droo na hatimaye kuweza kushinda. Washindi wa 3 watapatikana kila mwezi. Kupitia kampeni hii wateja wataweza kujishindia mpaka mara mbili ya kiwango walichoweka kwenye akaunti, ambapo kiwango hiki cha zawadi huweza kufikia mpaka Shilingi milioni Tatu

TANZANIA FEMALE SAFARI GUIDE SCOOPS AWARD


When Mishi Dustan Mtili’s name was called to the dais to receive the Best Safari Guide in the Female category award for 2019 a fortnight ago, she was extremely proud.

The female field the guide has already crafted a niche in ecotourism, a field that is mostly dominated by men.

But for her, this was nothing short of a surprise.

“I still have no idea of who nominated me for the awards, I just received a call from one of the organizers inquiring of my availability for the award ceremony,” recalls Mishi as she opens up about the gala event that took place at Kibo Palace Hotel in Arusha early this June.

Despite her the bewilderment on her nomination, the mother-of-two and a safari guide with Singita Grumeti, still believes that she deservedly won the award which was presented to her by the Minister for Natural Resources and Tourism Hon. Dr. Hamis Kigwangalla.

Thursday, 27 June 2019

TIGO BUSINESS YATOA SIMU 247 NA MIAVULI 100 KWA WAMACHINGA ARUSHA

Meneja wa Tigo Kanda ya Kaskazini Lilian Mwalongo (kati kati) akikabidhi moja ya boksi lenye simu 247 kwa viongozi wa wafanya biashara wadogo wadogo mkoani Arusha maarufu kama Wamachinga. Kulian ni mwenyekiti wa umoja huo Amina Njoka na kushoto ni makamu mwenyekiti Iddi Hussein.
Meneja wa Tigo Kanda ya Kaskazini Lilian Mwalongo (kati kati) akikabidhi sehemu ya miavuli 200 kwa viongozi wa wafanya biashara wadogo wadogo mkoani Arusha maarufu kama Wamachinga. Kulian ni mwenyekiti wa umoja huo Amina Njoka na kushoto ni makamu mwenyekiti Iddi Hussein.
Meneja wa Tigo Kanda ya Kaskazini Lilian Mwalongo (kushoto) akizungumza na waandishi wa habari muda mfupi kabla ya kukabidhi zawadi za simu 247 kwa viongozi wa wafanya biashara wadogo wadogo mkoani Arusha maarufu kama Wamachinga. Kulian ni mwenyekiti wa umoja huo Amina Njoka.
Baadhi ya wafanyakazi wa kampuni ya Tigo mkoani Arusha wakiwa katika picha ya pamoja na viongozi wa wafanyabiashara wadogo wadogo maarufu kama Wamachinga muda mfupi bada ya kuwakabidhi simu 247 pamoja na miavuli 200 kwa ajili ya kusaidia kuboresha biashara zao jijini Arusha jana.
Kupitia Chama Cha Wamachinga Mkoa wa Arusha, tarehe 26/06/2019 kampuni ya Tigo kupiti kitengo chake cha Tigo Business imetoa simu 247 pamoja wa miavuli 100 kwa wateja wake ambao ni wanachama wa umoja huo wa wafanya biashara wadogo wadogo.

Akizungumza wakati wa hafla fupi ya kuwakabidi vifaa hivyo kwa wateja hao 247, Meneja wa Tigo Kanda ya Kaskazini Lilian Mwalongo alisema, zawadi hizo ni utaratibu wa kawaida wa kampuni hiyo kuwazawadia na kuwashukuru wateja wake waliopo kwenye vikundi na unalenga kuboresha biashara zao pamoja na mazingira wanayofanyia kazi.

CLYDE & CO UPDATER - LIQUIDATED DAMAGES IN THE TANZANIAN CONSTRUCTION INDUSTRY

As the construction industry continues to develop in Tanzania, the use of international standard contracts has increased. In particular, we have seen the FIDIC (Fédération Internationale Des Ingénieurs-Conseils) standard form contracts used more frequently in this jurisdiction.

It is standard practice for most construction contracts, including FIDIC contracts, to contain a liquidated damages clause. As liquidated damages (LDs) provide for a pre-agreed rate of damages, payable to the employer by the contractor in the event of a contractor's delay in performing the work, the risk of delay for the employer is mitigated.

LDs, as opposed to general damages, do not require the claimant to prove that the losses claimed have actually been suffered. As such, the contract will provide for a genuine and fixed pre-agreed estimate of loss. Often this is calculated based on the amount of loss that will be incurred on a daily basis if the work is not completed on time.


CLYDE & CO UPDATER; THE ANTI-MONEY LAUNDERING (AMENDMENT) REGULATIONS 2019

This legal briefing outlines the highlights of the Anti-Money Laundering (Amendment) Regulations of 2019 (the Amendments) which came into force on 24 May 2019. The amendments have been incorporated into the Anti- Money Laundering Regulations of 2012 (the Regulations) and are read as one. Combatting money laundering and terrorist financing is undertaken by the Financial Intelligence Unit (the FIU) which is an extra-Ministerial Department under the Ministry of Finance.

Highlights of the Amendments

  • Requirements on citizens and residents of Tanzania
  • Requirements on local entities
  • Requirement to carry out money laundering and terrorist financing risk assessment
  • Enhanced due diligence and surrounding circumstances
  • Where to use simplified customer due diligence measures
  • Administrative sanctions

Wednesday, 26 June 2019

TEN REASONS WHY WE SHOULD WELCOME DR CONGO TO THE EAST AFRICAN COMMUNITY

Democratic Republic of the Congo President Felix Tshisekedi in Kinshasa on January 24, 2019. The DRC wants to join the East African Community.
1. Let us first deal with the big cynical view that was among the first to emerge when news came that the Democratic Republic of Congo has applied to join the East African Community: That Rwanda’s leadership wants to score a big point by bringing the giant state into the fold during its chairmanship.

Well, if Rwanda is selfishly seeking to boost its stature by recruiting DRC, then that kind of selfishness, which stands to benefit 275 million people (EAC has 193 million), should be welcomed. What all members should do is to ensure that the spirit and letter of the Community charter are strictly adhered to.

2. There is also the little matter of whether DRC is in East Africa. Indeed, it shares borders with five members of the Community – South Sudan, Uganda, Rwanda, Burundi and Tanzania. That is more than any other of the members. In that respect, DRC is the most qualified country to join the EAC.

3. There are always two sides to a coin. Right now the image of the EAC is less than bright, featuring Rwanda in the chair having uneasy relations with Uganda and Burundi; the Community Secretariat in Arusha drowning in financial scandals and most member states not remitting their contributions promptly. But this is a phase that shouldn’t stifle EAC’s ambition to be a leading light for regional integration. Admitting Congo makes a big aspirational statement and sets higher targets for the continent.

LEGISLATORS ENDORSE 33.1 TRI/- BUDGET


Members of Parliament have unanimously endorsed the 33.1tri/- budget for recurrent and development expenditure in the 2019/2020 fiscal year, as the government moved to refute claims by a section of MPs that business in the country was shrinking due to poor business and investment climate.

Read More >>

ROSTAM SALUTES PRESIDENT JOHN MAGUFULI FOR IDEAL BUSINESS CLIMATE


After quitting politics eight years ago, a prominent businessman, Rostam Aziz has also been playing low profile in the country's investment playground.

But yesterday, the businessman explained why he had now decided to reinvest in the country after all those years.

He was speaking in Dar es Salaam at an event where President John Magufuli launched a liquefied Petroleum Gas (LPG) depot belonging to Taifa Gas Limited. Rostam is the Chairman of the Board of Directors of Taifa Gas Limited. The depot located near Nyerere Bridge in Kigamboni, is the largest in East and Sub-Saharan Africa, with a capacity of storing 7,650 metric tonnes, followed by one in South Africa with a 5,200 metric tonnes capacity.

The 150-billion investment facility is for receiving and storing the LPG for industrial and domestic uses within Tanzania, other East African countries as well as beyond the region.

Read More >>

SEEKING A WIN-WIN SCENARIO VIA BULK PROCUREMENT OF LIQUEFIED PETROLEUM GAS

President John Magufuli (fourth right), joins the Board Chairman of Taifa Gas Tanzania Limited, Rostam Aziz (third right), Minister for Energy, Dr. Medard Kalemani (fifth right), Kigamboni District Commissioner, Sarah Msafiri (second right) and other officials as he launches the Liquefied Petroleum Gas (LPG) depot, located at Vijibweni, Kigamboni District in Dar es Salaam yesterday.
President John Magufuli yesterday gave a directive with regard to the government's intention to introduce bulk procurement of Liquefied Petroleum Gas (LPG), which has been hanging in the balance for sometime due to contests amongst private players.

Read More >>

DR CONGO ENTRY INTO EAC WILL BE A GAME CHANGER

Mourners react as DR Congo former Prime Minister Etienne Tshisekedi's body arrives in Kinshasa, on May 31, 2019. The country offers a market of 81 million people, which is almost half the size of the East African Community.
The Democratic Republic of Congo has applied to join the East African Community in a move that could potentially expand the boundaries of the trading bloc to the Atlantic coast of Africa.

The application comes following months of talks between DR Congo President Felix Tshisekedi and Rwanda President Paul Kagame, who chairs the East African Community.

Sources familiar with the diplomatic talks that preceded the formal application say most EAC member states are enthusiastic about DR Congo’s membership.

The DRC officially communicated its intention to join the EAC in a letter to President Kagame dated June 8. Kinshasa said its desire to join the bloc was informed by its increasing trade ties with the region.

In response, President Kagame directed the EAC Secretariat to table DR Congo’s application for discussion at the next Heads of State Summit in November.

If it meets the admission requirements, members will vote on its admission.

GAME CHANGER

The potential membership of the Central African country is being viewed as a game-changer, given its natural resources wealth and a huge consumer market of 81 million people.


Tuesday, 25 June 2019

CURRENT VACANCIES AT THE AFRICAN DEVELOPMENT BANK


PROF. PALAMAGAMBA KABUDI AKUTANA NA WAZIRI WA MAMBO YA NJE WA CHINA

Waziri wa Mambo ya Nje na Ushirikiano wa Afrika Mashariki, Prof. Palamagamba John Kabudi (Mb) na ujumbe wake akiwa kwenye mkutano pamoja na mwenyeji wake ambaye ni Waziri wa mambo ya nje wa China na Mjumbe wa Baraza la Taifa, Mhe. Wang Yi na ujumbe wake. Mkutano huo umefanyika Beijing, China tarehe June 24, 2019. 
Waziri wa Mambo ya Nje na Ushirikiano wa Afrika Mashariki, Prof. Palamagamba John Kabudi (Mb) akiteta na mwenyeji wake ambaye ni Waziri wa mambo ya nje wa China na Mjumbe wa Baraza la Taifa, Mhe. Wang Yi mara baada ya kumaliza mkutano baina yao. Mkutano huo umefanyika Beijing, China tarehe June 24, 2019.
Waziri wa Mambo ya Nje na Ushirikiano wa Afrika Mashariki, Prof. Palamagamba John Kabudi (Mb) akisaini mkataba wa msaada wa shilingi bilioni sitini bila ya masharti yeyote. Pembeni yake ni Makamu Mwenyekiti wa Shirika la Kimataifa la Misaada ya Maendeleo la China, Bw. Zhou Liujun, akisaini kwa niaba ya serikali ya China. Zoezi hilo limefanyika Beijing, China tarehe June 24, 2019.
Waziri wa Mambo ya Nje na Ushirikiano wa Afrika Mashariki, Prof. Palamagamba John Kabudi (Mb) akibadilishana nyaraka na Makamu Mwenyekiti wa Shirika la Kimataifa la Misaada ya Maendeleo la China, Bw. Zhou Liujun, mara baada ya kusaini nyaraka hizo. Zoezi hilo limefanyika Beijing, China tarehe June 24, 2019. 
Waziri wa Mambo ya Nje na Ushirikiano wa Afrika Mashariki, Prof. Palamagamba John Kabudi (Mb) akiwa katika mkutano wa Mawaziri wa Mambo ya Nje kutoka nchi 53 za Afrika na Taasisi za Fedha za China.
Sehemu ya Mawaziri wa Mambo ya Nje wa Nchi za Afrika na Wajumbe wao waliohudhuria katika mkutano wa Mawaziri wa Mambo ya Nje kutoka nchi 53 za Afrika na Taasisi za Fedha za China.

THE FUTURE OF BANKING - PART ONE

By Kelvin Mkwawa, Seasoned Banker.
Slowing economic activity in Tanzania has impacted banking soundness indicators, which have shown some signs of weakening: non-performing loans (NPLs) are still a challenge, banks’ lending activities typically focus on a few key sectors which leads to high portfolio concentration risk, and a limited number of large corporates. Banks need to reinvent to remain competitive. In Tanzania, where the majority of the population lacks access to formal financial services (only 17% of the population are banked), mobile money has taken off and filled that gap left by banks. Mobile network operators are the dominant players in Tanzania’s banking ecosystem. There are more active mobile money agents than there are bank branches and ATMs in Tanzania.

Furthermore, technology companies (Fintechs) start-ups are channelling their focus on catering to the financially excluded Tanzanians who do not qualify for traditional financial services. In addition, with the number of investments on digital financial services from Fintechs and telecommunication companies, there is no doubt that the banking sector faces major disruption. So what will the banking industry look like in the next five or ten years? This is the question many bank CEO and shareholders should ask themselves. In this article, I will share what I think is the future of banking, and what banks need to do to not be left behind.

In my humble opinion, the future of the banking industry will depend on its ability to leverage the power of customer insights, advanced analytics and digital technology to provide services that help today’s tech-savvy customers manage their finances and better manage their daily lives. As technology advances in the next five to fifteen years, consumers will rely on their virtual assistants to do their banking and simplifying their day to day activities. Banks need to shift their mindset as well. You might argue that this doesn’t concern us (developing countries) as the state of advanced technology is at the earliest stage, but you can’t deny that what happens in developed markets has effects on our local markets as well. Hence banks should shift their focus from servicing the customers physically to investing in providing digital financing while also working on strengthening their security features and mechanisms to safeguard customer’s information hence improve consumer’s trust in digital finance.

TANZANIANS ADVISED TO INVEST IN FINANCIAL MARKETS

Director of Financial Markets and Treasury of NBC Bank, Peter Nalitolela, (right), speaks to some students of the University of Dar es Salam Business School ( UDBS) , during a workshop organised by the bank to equip students with practical knowledge on financial markets. It was held at Mlimani Campus, Dar es Salaam recently.
Tanzanians have been advised to invest in financial markets in order to reap the sustainable rewards emanating from a wide range of money-making products available there, but which encouragingly entails but modest initial capital outlays.

The advise have been chipped in by Director of Financial Markets and Treasury of NBC Bank, Peter Nalitolela, during a special financial markets education clinic set up by the bank for University of Dar es Salaam Business School (UDBS) students, in Dar es Salaam recently.

The main aim of the workshop, held at the Mlimani Campus, was to fine-tune the level of understanding of financial markets of the students in order to prepare them to utilize opportunities available in the markets once they complete studies.

VODACOM M-PESA CUSTOMERS TO RECEIVE 27 BILLION FROM PROFIT SHARE DISTRIBUTION

Epimarck Mbeteni, Vodacom Tanzania M-Commerce Director.
June 24, 2019, Dar es Salaam: Close to 8 million Vodacom M-Pesa customers will from today receive their share of the Tzs. 27 billion profit distribution accumulated on M-Pesa Trust Accounts. The leading telecom provider announced today that its M-Pesa customers will from today, and over the next month and a half, receive their share of the bonus interest earned as a benefit from using the service.

Speaking to the media, Vodacom Tanzania M-Commerce Director, Epimarck Mbeteni said, “We are thrilled to share M-Pesa interest with our customers because our customers are the reason for the M-Pesa success story. M-Pesa continues to transform the lives of millions of Tanzanians and today’s initiative will see more continue to benefit from it. All Vodacom customers that have been using M-Pesa will benefit from the interest which will be distributed via M-Pesa and deposited directly into their M-Pesa wallets. We have started distributing theTzs. 27 billion interest fund to approximately 8 million customers”

Customers can SMS the word AMOUNT to 15300 to find out how much interest they will receive. Upon receiving the disbursed amount, M-Pesa customers can redeem the interest via cash withdrawal, airtime or bundle purchases, and transact the bonus to pay bills or purchase products.

Monday, 24 June 2019

UNILEVER YAKAMILISHA KAMPENI YA TOA MKONO WA UKARIBU KWA KUSAIDIA YATIMA NA WAZEE WASIOJIWEZA

Meneja Bidhaa ya Omo ya Kampuni ya Unilever, Upendo Mkusa (kushoto) akimkabidhi msaada wa sabuni, Sukari na Nguo Mkurugenzi wa Kituo cha Kulelea Watoto yatima cha Children's Home Msimbazi, Sista Etienne katika kuhitimisha Kampeni ya Kampuni hiyo ya Toa Mkono wa Ukarimu iliyofanyika Kipindi cha mwezi wa Ramadhani uliomalizika hivi karibuni. Makabidhiano hayo yalifanyika kituoni hapo jijini Dar es Salaam mwishoni mwa wiki.
Meneja wa Bidhaa ya Omo wa Kampuni ya Unilever, Upendo Mkusa (katikati) akimkabidhi msaada wa sabuni, sukari na nguo Ofisa Mfawidhi wa Makazi ya wazee wasiojiweza ya Nunge, Jacklina Kanyamwenge katika kuhitimisha kampeni ya kampuni hiyo ya ‘Toa Mkono wa Ukarimu’ iliyofanyika kipindi cha Mwezi wa Ramadhani. Makabidhiano hayo yalifanyika kituoni Nunge, Kigamboni nje kidogo ya Jiji la Dar es Salaam mwishoni mwa wiki. Wanaoshuhudia ni Christabella Msangi na Nurdin Ally walioambata na meneja huyo. 
Mmoja wa wazee wanaoishi katika Makazi ya wazee wasiojiweza ya Nunge, Vumilia Chambusho (kulia), akipokea msaada wa baadhi ya vyakula, nguo na sabuni kutoka kwa Meneja Bidhaa ya Omo wa Kampuni ya Unilever, Upendo Mkusa (watatu kushoto) vilivyotolewa na Unilever katika kuhitimisha kampeni ya kampuni hiyo ya ‘Toa Mkono wa Ukarimu’ iliyofanyika kipindi cha Mwezi wa Ramadhani. Makabidhiano hayo yalifanyika kituoni hapo, Nunge, Kigamboni nje kidogo ya Jiji la Dar es Salaam mwishoni mwa wiki. Wanaoshuhudia ni Christabella Msangi na Nurdin Ally walioambata na meneja huyo.
Meneja wa Bidhaa ya Omo wa Kampuni ya Unilever, Upendo Mkusa (kushoto) akisalimiana na baadhi ya wazee wanaoishi katika Makazi ya wazee wasiojiweza ya Nunge baada ya kukabidhi msaada wa sabuni, sukari na nguo vilivyotolewa na Unilever katika kuhitimisha kampeni ya kampuni hiyo ya ‘Toa Mkono wa Ukarimu’ iliyofanyika kipindi cha Mwezi wa Ramadhani. Makabidhiano hayo yalifanyika kituoni Nunge, Kigamboni nje kidogo ya Jiji la Dar es Salaam mwishoni mwa wiki.

BARCLAYS BANK TANZANIA UNDER ABSA GROUP LIMITED ANNOUNCES VISA CREDIT CARD “LIVE THE CARD LIFE” PROMOTIONAL CAMPAIGN WINNER

Barclays Bank Tanzania (BBT) Head of Retail Banking, Oscar Mwamfwagasi (right), speaks at a media conference in Dar es Salaam over the weekend to announce the winner of the bank’s just ended Visa Credit Card ‘Live the Card Life’ campaign. A Dar es Salaam resident, Yusufu Fadhili Mavura, won a fully paid trip to Johannesburg, South Africa together with his chosen partner for A VIP treatment for three days. Looking on from left are, BBT Head of Cards, Deogratius Moshy and the bank’s Head of Marketing and Corporate Relations, Aron Luhanga.
June 21, 2019, Dar es Salaam, Tanzania - Barclays Bank Tanzania under Absa Group Limited, one of Africa’s largest financial services providers, has announced their Visa Credit Cards “Live the Card Life” promotional campaign winner. The winner will enjoy a fully paid trip to Johannesburg, South Africa (SA) and enjoy a VIP treatment for three days.

The campaign was launched in April 2019 and has run for one month. Speaking at the press conference, the Head of Marketing and Corporate Relations, Mr Aron Luhanga, commented, ‘our lucky winner will travel to Johannesburg, SA with his or her chosen partner, and get to experience a full VIP treatment from sleeping in a luxurious hotel, being driven in private limousine to free shopping at famous malls.

PROF. PALAMAGAMBA KABUDI ZIARANI NCHINI CHINA

Waziri wa Mambo ya Nje na Ushirikiano wa Afrika Mashariki, Prof. Palamagamba John Kabudi akiwasili katika Ubalozi wa Tanzania Nchini China na kupokelewa na Balozi wa Tanzania Nchini China, Balozi Mbelwa Brighton Kairuki tarehe June 23, 2019.
Waziri wa Mambo ya Nje na Ushirikiano wa Afrika Mashariki, Prof. Palamagamba John Kabudi akisaini kitabu cha wageni katika ubalozi wa Tanzania Nchini China tarehe June 23, 2019. 
Waziri wa Mambo ya Nje na Ushirikiano wa Afrika Mashariki, Prof. Palamagamba John Kabudi akisaini kitabu cha wageni katika ubalozi wa Tanzania Nchini China. Mbele yake anayeshuhudia ni Balozi wa Tanzania Nchini China, Balozi Mbelwa Brighton Kairuki tarihe June 23, 2019.
Waziri wa Mambo ya Nje na Ushirikiano wa Afrika Mashariki, Prof. Palamagamba John Kabudi akiwa katika kikao cha pamoja na baadhi ya wafanyakazi wa Ubalozi wa Tanzania Nchini China tarehe June 23,2019.

Saturday, 22 June 2019

WASHINDI WA PROMO YA TIGO AFCON WAPATA BARAKA ZA SERIKALI

Afisa Biashara Mkuu wa Tigo, Tarik Boudiaf (kulia) akizungumza na waandishi wa habari wakati wa hafla fupi ya kuwakabidhi bendera ya Taifa baadhi ya washindi wa promosheni ya Soka la Afrika watakaokwenda Misri kushuhudia michuano ya mataifa ya Afrika. Kati kati ni Mkurugenzi wa Maendeleo ya Michezo Wizara ya Habari Utamaduni Sanaa na Michezo, Dk Yusuf Singo na kushoto ni Meneja Mawasiliano wa Tigo Woinde Shisael.
Mkurugenzi wa Maendeleo ya Michezo Wizara ya Habari Utamaduni Sanaa na Michezo, Dk Yusuf Singo (kati kati) akizungumza na waandishi wa habari wakati wa hafla fupi ya kuwakabidhi bendera ya Taifa baadhi ya washindi wa promosheni ya Soka la Afrika watakaokwenda Misri kushuhudia michuano ya mataifa ya Afrika. Kulia ni Afisa Biashara Mkuu wa Tigo, Tarik Boudiaf na kushoto ni Meneja Mawasiliano wa Tigo Woinde Shisael.
Mkurugenzi wa Maendeleo ya Michezo Wizara ya Habari Utamaduni Sanaa na Michezo, Dk Yusuf Singo (kushoto) akimkabidhi Kalaghe Rashid (kulia) mbaye ni mmoja wa washindi wa Promosheni ya Soka la Afrika inayoendeshwa na kampuni ya Tigo bendera ya Taifa kwa ajili ya kwenda kushuhudia Michuano ya Mataifa ya Afrika yanayofanyika nchini Misri. Anayeshuhudia katikati ni Afisa Biashara Mkuu wa Tigo, Tarik Boudiaf.
Mkurugenzi wa Maendeleo ya Michezo Wizara ya Habari Utamaduni Sanaa na Michezo, Dk Yusuf Singo (kushoto) akimkabidhi Godfrey Muta (kulia) mbaye ni mmoja wa washindi wa Promosheni ya Soka la Afrika inayoendeshwa na kampuni ya Tigo bendera ya Taifa kwa ajili ya kwenda kushuhudia Michuano ya Mataifa ya Afrika yanayofanyika nchini Misri. Anayeshuhudia katikati ni Afisa Biashara Mkuu wa Tigo, Tarik Boudiaf. 
Mkurugenzi wa Maendeleo ya Michezo Wizara ya Habari Utamaduni Sanaa na Michezo, Dk Yusuf Singo (kushoto) akiwa na baadhi ya washindi wa Promosheni ya Soka la Afrika inayoendeshwa na kampuni ya Tigo muda mfupi baada ya kuwakabidi bendera ya Taifa kwa ajili ya kwenda kushuhudia Michuano ya Mataifa ya Afrika yanayofanyika nchini Misri. Wa kwanza kulia ni Afisa Biashara Mkuu wa Tigo, Tarik Boudiaf.

OUTCOME OF TRANCHE 2 OF THE TMRC FIVE YEAR MEDIUM NOTE PROGRAMME (MTN) WORTH TZS 8,000,000,000

Friday, 21 June 2019

EAST AFRICA IS THE FASTEST GROWING REGION FOR THE FIFTH STRAIGHT YEAR, DRC & SOMALIA ASK TO JOIN EAC

Kenya's Cabinet Secretary for National Treasury (Finance Minister) Henry Rotich holds up a briefcase containing the Government Budget for the 2019/20 fiscal year in Nairobi, Kenya, June 13, 2019.
East Africa plans to fund its next year by expanding and streamlining their tax bases, exempting strategic industries and goods from taxes, and boosting local industries.

The finance ministers of four of the six members of the East African Community (EAC) presented their national budgets before their respective parliaments on Thursday. Kenya’s budget remains the biggest in the region at nearly $30 billion. Tanzania’s 2019/2020 budget is $14.3 bn, Uganda $9.1bn, and Rwanda $3.2bn.

At a total of $56.6bn, the budgets are ambitious in their continued spending on infrastructure which has plunged the region into unprecedented levels of public debt.

Part of the common solution to fill the coffers seems to be to attract investments in specific sectors and boost tax collection.

The other two members, Burundi and South Sudan, have not synchronized their financial years with the other states yet.

  • Two other states, Somalia and the Democratic Republic of Congo, are being considered for membership to the bloc, which would bring the total number to eight. Congolese President Felix Tshisekedi wrote a formal request to the current chair of the community, Paul Kagame, on June 8th expressing his country’s desire to join the six-member bloc.
  • Tshisekedi has been on shuttle diplomacy in the region before the formal request, and Congo, which borders all but one of the current EAC members, is likely to be considered for membership during this year’s Summit in November.
East Africa is the fastest growing region in Africa for the fifth straight year, according to the African Development Bank’s (AfDB) Economic Outlook for 2019.


FLYING ‘SKY-HIGH’: AFRICAN DEVELOPMENT BANK ANNUAL MEETINGS CONCLUDE WITH CONSENSUS ON REGIONAL INTEGRATION

Around 2,000 delegates gathered in Malabo, Equatorial Guinea, to discuss ways to fast-track regional integration
MALABO, Equatorial Guinea, June 14, 2019/ -- The African Development Bank (www.AfDB.org) on Friday concluded its Annual Meetings, amid growing consensus that regional integration is imperative to a new phase in African prosperity.

Around 2,000 delegates gathered in Malabo, Equatorial Guinea, to discuss ways to fast-track regional integration after the milestone African Continental Free Area (AfCFTA) was endorsed earlier this year.

“We have had an excellent exchange with all of our shareholders. They were extremely impressed by the work achieved by the Bank, particularly in terms of regional integration,” said African Development Bank President Akinwumi Adesina at the closing press conference of the Meetings.

“Our AAA rating is preserved and protected … Look at our income. It’s sky-high.”

CONSULTANCY ON DESIGN OF THE EAC 20TH ANNIVERSARY CORPORATE LOGO

1.0 Introduction

The EAC is set to mark its 20thAnniversary with various activities and events culminating into EAC Day on 30thNovember, 2019, the date of the 21st Ordinary Summit of the EAC Heads of State. 

2.0 Objective 

For purposes of publicity and branding, the Community requires a logo to brand its 20th Anniversary celebrations. The EAC Secretariat intends to engage a creative artist or graphic designer to come up with a logo for the anniversary.

The graphic designer will be required to provide the following:

i)   Three designs of the proposed 20th Anniversary Logo from which the Secretariat can select;
ii)  Three soft copies of the proposed 20thAnniversary Logo from which one will be selected for use during the 20thAnniversary;
iii)Three hard copies of the proposed logo; and
iv)Designs that are usable in multimedia channels (print, electronic, social media, etc.)

4.0 Qualification / Competencies required

(a)  A Senior Expert/Design Firm who has at least 10 years previous experience in graphics design, new brand creation and logos development 
(b)  A Senior Expert/Design Firm who has directed or supported at least two re branding activities 
(c)  A Senior Expert/Design Firm who has strong experience in creating visual campaigns  
(d)  Bachelor’s Degree in Graphics design, brand development, business administration or other relevant fields. A Master’s Degree will be preferred but is not mandatory.  
(e)  Must be an East African national/East African based Brand Design Firm 

5.0 Submission Requirements

(a)  Application Letter/Expression of Interest
(b)  CV of key experts to be involved with references for previous assignments 
(c)  Previous design portfolio (new logo/brand design development, not more than 20 pages) 
(d)  Proof of minimum two previous similar assignments undertaken. 

Interested Brand Design Experts/Firms should submit Technical and Financial proposals by email to Procurement@eachq.org not later than 26th June, 2019.

ECOBANK NAMED ‘BEST RETAIL BANK IN AFRICA’ AT AFRICAN BANKER AWARDS

Ecobank was also nominated for African Bank of the Year in the Awards
LOME, Togo, June 18, 2019/ -- Ecobank (www.Ecobank.com) has been named Best Retail Bank in Africa 2019 at the prestigious African Banker Awards. The judges were especially impressed by how Ecobank’s state-of-the-art products, services, functionality and constant innovations provide 24/7 convenience, accessibility and affordability to meet the evolving needs and expectations of its customers across 33 African countries, whilst also successfully driving financial inclusion. Ecobank was also nominated for African Bank of the Year in the Awards. The Award ceremony was held last night in Malabo, Equatorial Guinea.

Ade Ayeyemi, Group CEO of Ecobank said: “We are honored to be recognized as Africa’s Best Retail Bank. This is testament to the success of our digital strategy and pan-African presence as we continue to drive financial integration, inclusive banking and playing a catalytic role in the transformation of Africa.”

RESEARCHERS TURN TO GENETICS TO UNLEASH TANZANIA’S DAIRY SECTOR POTENTIAL

Minister for Livestock and Fisheries, Luhaga Mpina (third left), awards the best bull category winner to Mbozi, Mbeya resident, Abraham Mwalutende during the first Tanzania bulls and cow’s exhibition in Dodoma on Tuesday. Second left is International Livestock Research Institute (ILRI) Director General, Dr. Jimmy Smith and right is Livestock and Fisheries Deputy Minister, Abdallah Ulega.
Tanzanian researchers and overseas counterparts have tuned in genetics to identify and promote dairy superbreeds in an ambitious project aimed at reproducing traits of productive and resilient animals, a timely pace-setter in boosting milk production and turning the country into a net exporter.

The four-year project, which involved taking samples from 6,786 cattle from seven regions for genetic evaluation, morphed into a rare spectacle this week in the name of cattle expo in Dodoma - dubbed Cow and Bull Exhibition- at which the best breeds made up of twenty bulls and twenty heifers were paraded.

BMCE BANK OF AFRICA AND CDC GROUP SEAL A STRATEGIC PARTNERSHIP WITH AFRICA AT ITS CORE: CDC GROUP TO INVEST US$ 200 MILLION IN BMCE BANK OF AFRICA

BARCLAYS BANK PRESENTS PRIZES TO ENGLISH PREMIER LEAGUE CAMPAIGN WINNER

Barclays Bank Tanzania Head of Cards Issuing and Acquiring, Deogratius Moshy hands over a Sony music system, UHD Samsung television and a sofa set from Game supermarket to Coast Region resident, Majid Omari, one of the winners on the bank’s English Premium League campaign in Dar es Salaam yesterday. The EPL campaign ended in May and the Grand winner will soon be announced. Looking on is Barclays Marketing and Corporate Relations representative, Esther Ndazi. Barclays Bank presents prizes to English Premier League campaign winner.
Barclays Bank Tanzania Limited through its sponsorship of the English Premier League campaign has presented prizes to their 2nd winner Majjid Omari from the Coast region, who walked away all smiles after scooping a Sony music system, UHD Samsung television and a sofa set from Game supermarket in Dar es Salaam.

The prizes were handed over by the bank’s Head of Cards Issuing and Acquiring, Deogratias Moshy, as the Marketing and Corporate Relations representative, Esther Ndazi, witnessed.

NEW BANK OF TANZANIA RULES SEAL FATE OF FOREX BUREAUX


Dar es Salaam - The fate of most of the forex bureaux which were shut down in a government crackdown last December is now almost sealed. This is after the Central Bank issued tighter rules to govern their registration.

A new minimum capital requirement of TShs 1 billion for one to secure a bureau de change licence has dealt a hefty blow to the majority of those who had harboured hopes of a comeback.

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BANK OF TANZANIA NOTICE TO THE PUBLIC - FOREIGN EXCHANGE REGULATIONS 2019