Waziri wa Fedha, Mhe. Dkt. Mwigulu Nchemba (Mb), ameushukuru Mfuko wa Maendeleo wa Saudi Arabia (Sadi Fund for Development-SFD), kwa mchango wake katuika maendeleo ya Tanzania kupitia ufadhili wa miradi mbalimbali ya maendeleo katika sekta za maji, afya, nishati na ujenzi wa miundombinu ya barabasra.
Dkt. Nchemba ametoa shukrani hizo alipo kutana na kufanya mazungumzo na Mkurugenzi Mtendaji wa Saudi Fund, Bw. Sultan Al-Mashard, Kando ya Mkutano wa Jukwaa la Biashara na Uwekezaji, lililofanyika Mjini Riyadh nchini Saudi Arabia.
Dkt. Nchemba aliyeambatana na Mawaziri wenzake wawili katika kikao hicho, akiwemo Waziri wa Viwanda na Biashara, Mhe. Dkt. Selemani Jafo na Waziri wa Nchi, Ofisi ya Rais, Fedha na Mipango Zanzibar, Mhe. Dkt. Saada Mkuya Salum, alisema kuwa ushirikiano wa Saudi Arabia na Tanzania uliodumu kwa zaidi ya miaka 40 sasa, umekuwa wa mfano.
Aliitaja baadhi ya miradi iliyoleta mageuzi makubwa katika jamii ya Tanzania kuwa ni pamoja na ukarabati wa Mradi wa Maji mkoani Mara (Usd 15m), Ujenzi wa Mradi wa Maji wa Same-Mwanga-Korogwe (Usd 25m), na ujenzi wa Barabara za Vijijini Awamu ya Pili-Zanzibar (Usd 11.4m).
Kitomari Banking & Finance Blog
Kitomari Banking & Finance Blog is a premier site for banking, finance, business, economic, investment and stock market news as well as selected informative articles from Tanzania, East Africa and the rest of the World. We operate 24 hours a day, 365 days a year with complete context, perspective and precision.
Friday, 20 December 2024
TANZANIA PORTS AUTHORITY SEES SURGE IN REVENUES
Following the ongoing upgrade of the Dar es Salaam Port by DP World, the Tanzania Revenue Authority (TRA) has been collecting an average of 1tri/- per month since September this year, compared to 850bn/- during the corresponding period before the private investor took over operations.
Government Chief Spokesperson and the Permanent Secretary for the Ministry of Information, Culture, Arts and Sports Mr Gerson Msigwa unveiled the remarkable progress on Thursday in a press conference, underlining the DP World commitment to advancing efficiency through, among others, installation of modern cargo handling equipment and Information Communication Technology (ICT) systems for monitoring daily operations.
He hinted that the current government’s goal is to collect 1.5tri/- per month in the near future with the long-term target being bigger than the envisioned goal.
The private investor has integrated the Tanzania Customs Integrated System (TANCIS) with the Tanzania Electronic Single Window System (TeSWS), cutting time spent by customers to unload their cargo under several fragmented electronic systems.
He said the improved efficiency, which substantially reduced the Dar es Salaam Port’s turnaround time to seven days from an average 48 days, has resulted in the unprecedented increase in revenue collection.
He said such cut in the port’s turnaround time has significantly reduced the number of ships waiting to be handled from an average of 35 vessels per month in September 2023 to 15 ships in September 2024.
“The ongoing upgrade of the Dar es Salaam Port under the investment of the DP World and alongside other companies depicts significant economic benefits including a big boost in trade while improving the investment atmosphere in the country,” Mr Msigwa said.
NCBA BANK SPONSORS LINA PG TOUR TO HONOR GOLFING ICON LINA NKYA
The Lina PG Tour, established in memory of Lina Nkya following her passing in 2021, brings together professional and amateur golfers in a Pro-Am format. Known as the "Mother Golfer," Nkya dedicated her life to promoting women’s golf, leaving a legacy that continues to inspire generations. The tour serves as a platform to honor her work, celebrate golfing talent, and foster inclusivity in the sport.
The Lina PG Tour sponsorship is the latest in a series of impactful golfing initiatives spearheaded by NCBA Bank Tanzania in 2024. Earlier this year, the bank hosted the NCBA Golf Series, a flagship event that has become East Africa’s most celebrated golfing tournament. The series brought together participants from Tanzania, Kenya, Uganda, and Rwanda, culminating in a grand finale in Nairobi. Tanzanian representatives, including Earnest Sengue, Stephen Chuwalo, and Lawrence Ogutu Opondo, showcased their talent at the finals with full sponsorship from NCBA Bank.
In addition, the NCBA Junior Golf Series saw over 80 young golfers from across Tanzania participate, underscoring the bank’s commitment to nurturing grassroots talent. The series featured juniors from Lugalo, Morogoro, Arusha, TPC Moshi, Zanzibar, and Dar es Salaam Gymkhana, offering a platform to foster the next generation of golfing champions.
Speaking on the Lina PG Tour sponsorship, NCBA Tanzania’s Managing Director, Mr. Claver Serumaga, remarked:
“Lina Nkya’s dedication to advancing women’s golf left an indelible mark on the sport. Through the Lina PG Tour, we honor her incredible legacy and reaffirm our commitment to supporting initiatives that inspire and empower communities. At NCBA, we believe that sports have the power to transform lives, and we are proud to be part of this significant event.”
Thursday, 19 December 2024
TANZANIA NA SAUDI ARABIA ZAHIMIZWA KUONGEZA KIWANGO CHA BIASHARA NA UWEKEZAJI
NCBA PLANTS 2,000 TREES IN MWANZA TO PROMOTE ENVIRONMENTAL CONSERVATION
The tree-planting event brought together NCBA Bank leaders, students, teachers, government officials, and community members, underscoring the importance of collaborative efforts in promoting sustainability.
Speaking at the event, Mr. Charles Mbatia, Head of Strategy and Sustainability at NCBA Bank Tanzania, said, “At NCBA Bank, we believe sustainability is not just a responsibility but a legacy we must leave for future generations. By planting these 2,000 trees here in Mwanza, we are taking concrete steps toward restoring the environment, supporting biodiversity, and building healthier communities. This initiative is a testament to the power of partnership and shared commitment.”
The event was graced by the Regional Commissioner of Mwanza, Mr. Mtanda who commended NCBA Bank for its environmental leadership. “This initiative is a clear demonstration of how organizations like NCBA Bank can make a meaningful impact by partnering with communities to safeguard our environment. Planting trees is an investment in the future of Mwanza and Tanzania as a whole,” said Mr. Mtanda.
Wednesday, 18 December 2024
ABSA ENDS SPEND & WIN CAMPAIGN WITH RAFFLE AND CAR HANDOVER CEREMONY
The event was highlighted by the announcement of the third and final winner, Ms. Amalia Lui Shio, who will be presented with her prize—a 2014 Subaru Forester in January 2025.
Speaking during the event, Ndabu Swere, Head of Retail Banking at Absa Bank Tanzania, announced the winner and congratulated all three individuals who emerged victorious during the campaign.
“We are delighted to announce Ms. Amalia Lui Shio as the winner of the third and final raffle draw of the Spend & Win Campaign,” said Ms. Swere. “Your story matters, and through this campaign, we have been privileged to empower our customers with opportunities to change their lives. Ms. Amalia Lui Shio will officially receive her car next month, and we look forward to celebrating this exciting milestone with her.”
During the event, Ms. Swere also handed over the keys to a 2014 Subaru Forester to the second winner, Mrs. Alyshah Aminmohamed Bharwani, who expressed her heartfelt gratitude to Absa Bank for the life-changing prize.
“I am incredibly grateful to Absa Bank for this campaign. Winning this car means so much to me and my family, and I am truly excited to be part of this journey,” said Mrs. Bharwani.
Tuesday, 17 December 2024
MRADI WA KUPAMBANA NA MALARIA WA $43 MILIONI WALETA MAFANIKIO NCHINI
Dar es Salaam – 12 Disemba 2024: USAID ilitangaza hitimisho ya miaka minne ya Mradi wa Udhibiti wa Vimelea vinavyosababisha Ugonjwa wa Malaria kupitia Mpango wa Rais wa Marekani wa Kupambana na Malaria (PMI) uliochangia kwa kiasi kikubwa mafanikio katika mapambano dhidi ya malaria nchini Tanzania.
Miongoni mwa mafanikio makubwa ya mradi huu, zaidi ya vyandarua milioni 20 vyenye dawa ya kuua mbu waenezao ugonjwa wa malaria vimesambazwa katika Tanzania Bara na Zanzibar, vikiwalinda zaidi ya watu milioni 35. PMI kupitia USAID ilitoa vyandarua hivyo kupitia kampeni za umma katika shule za msingi na vituo vya afya, kwa kuzingatia makundi yaliyo hatarini zaidi ikiwa ni pamoja na watoto wachanga na wanawake wajawazito.
"Ushirikiano wa Marekani na Tanzania umedumu kwa zaidi ya miongo sita, na tangu mwaka 2006, PMI imewekeza zaidi ya dola milioni 747 kupambana na malaria nchini Tanzania," alisema Craig Hart, Mkurugenzi wa USAID nchini Tanzania. "Tunajivunia mafanikio ya Mradi wa Udhibiti wa vimelea vinavyosababisha ugonjwa wa malaria wa PMI. Ingawa mradi huu maalum umemalizika, dhamira yetu ya kushirikiana na watu wa Tanzania na kushughulikia malaria na changamoto nyingine za afya ya umma bado haijabadilika."
Kati ya mwaka 2020 na 2024, mradi huu wa dola milioni 43, ukiongozwa na Kituo cha Programu za Mawasiliano cha Johns Hopkins kwa kushirikiana na Tropical Health LLP na Viamo PBC, uliunga mkono juhudi za kulinda asilimia 90 ya watu walioko hatarini. Hii ilijumuisha mikoa 14 yenye maambukizi ya juu ya malaria, Tanzania Bara na mikoa yote mitano ya Zanzibar, ikiwa ni jumla ya asilimia 57 ya idadi ya watu nchini Tanzania.
Monday, 16 December 2024
NBC "TABASAMU TUKUPE MASHAVU" CAMPAIGN USHERING IN FESTIVE CHEER
NBC Bank Director of Business Banking, Elvis Ndunguru (center) with other bank employees and representatives from partnering companies, including PUMA Energies, ABC Emperio, GSM, Johari Rotana, Bravo Coco Beach, and Numero Uno, who are all stakeholders of the bank, launch a joint holiday campaign known as "Tabasamu Tukupe Mashavu."
Dar es Salaam, December 15, 2024 – As the holiday season approaches, the National Bank of Commerce (NBC) has launched its highly anticipated campaign, "Tabasamu Tukupe Mashavu," celebrating the spirit of togetherness, joy, and savings. Designed to enrich the festive experience for customers, this dynamic initiative promises a cornucopia of discounts and prizes, creating meaningful opportunities for families and friends to come together in celebration.
At its core, "Tabasamu Tukupe Mashavu" aims to alleviate the financial pressures that often accompany the year-end festivities. By providing enticing discounts of up to 10 per cent on various services and products, NBC is helping its customers make the most of their holiday budgets.
This commitment to affordability is further exemplified by the array of prizes, including cash rewards, shopping vouchers, and the campaign's crowning jewel: an extraordinary four-day getaway to the picturesque Zanzibar for one lucky winner and a companion of their choosing.
The campaign was officially launched at NBC's headquarters in Dar es Salaam over the weekend where an enthusiastic crowd gathered, comprising key stakeholders from partner companies such as PUMA Energies, ABC Emperio, GSM, Johari Rotana, Bravo Coco, and Numero Uno. Weaving through the event was NBC's Business Banking Director, Mr. Elvis Ndunguru, whose insights illuminated the profound significance of this initiative.
ABSA BANK TANZANIA SCOOPS 11 PRESTIGIOUS AWARDS IN 2024
- Recognition Highlights Bank’s Excellence in Financial Innovation, Leadership, and Customer Focus
Key awards received this year include:
- Fastest growing Banking Brand 2024, awarded by World Brand Magazine.
- Fastest Growing SME Bank Tanzania 2024 and Fastest Growing Retail Bank Tanzania 2024, awarded by the World Economic Magazine Awards.
- Outstanding Work Supporting Women Access to Finance in Tanzania, awarded by the Tanzania Women Industrial Awards.
- MD/CEO of the Year, awarded by the Top 100 Executive List Awards.
- Best Bond Dealer of the year - awarded by Dar es Salaam Stock Exchange.
- Best Presented Financials 2023, awarded by the National Board of Accountants and Auditors.
- Best Improved Employer of the Year and Best in Talent Management and Development, awarded by the Association of Tanzania Employers.
- The Bank Offering the Most Friendly and Tranquil Loan Services in Tanzania, awarded by Consumer Choice Awards 2024.
- Most Preferred Convenient and Accessible Bank in Southern Africa, awarded by Consumer Choice Awards 2024.
The Fastest Growing Banking Brand award celebrates Absa Bank Tanzania’s remarkable progress since launched in 2020. In just four years, Absa has achieved the same level of trust and recognition as some of the local and international banks that have nearly a century of legacy in Tanzania. This recognition is deeply connected to Absa’s brand promise: Your story matters. It reflects the bank’s unwavering dedication to valuing customers’ unique journeys, creating innovative solutions, and empowering communities.
VODACOM YATANGAZA KUUNGANISHA MY VODACOM APP NA M-PESA SUPA APP
Kupitia muunganiko huu, wateja wataweza kufurahia huduma zote wanazozipenda za Vodacom kwenye aplikesheni moja, hivyo kuongeza ufanisi na urahisi wa matumizi.
Kama sehemu ya mabadiliko haya, My Vodacom App itasitishwa rasmi tarehe 1 Desemba 2024.
Tunawahimiza wateja wote kupakua na ku-update M-Pesa Supa App ili kuendelea kufurahia huduma zetu bila usumbufu.
Hatua hii inadhihirisha dhamira yetu ya kuboresha huduma kwa wateja kupitia suluhisho za kibunifu.
Asante kwa kuichagua Vodacom Tanzania.
Hatua hii inadhihirisha dhamira yetu ya kuboresha huduma kwa wateja kupitia suluhisho za kibunifu.
Asante kwa kuichagua Vodacom Tanzania.
PROGRAMU YA ‘CODE LIKE A GIRL’ IMEWAJENGEA UWEZO WA TEHAMA WASICHANA MKOANI DODOMA
Dodoma, 13 Disemba 2024 - Jumla ya wanafunzi wa kike 2,600 wamejengewa uwezo wa masomo ya Teknolojia ya Habari na Mawasiliano (TEHAMA) na Kampuni ya simu ya Mikononi ya Vodacom Tanzania tangu 2018 mpaka mwaka huu kupitia program ya 'Code Like a Girl'.
Mkuu wa Kanda ya Kati wa Vodacom Tanzani, Joseph Sayi alisema hayo Disemba 13 2024 wakati alipokuwa akifunga mafunzo hayo ya TEHAMA yaliyofanyika Chuo Kikuu cha Dodoma (UDOM).
Friday, 13 December 2024
NBC YAZINDUA KAMPENI KUWEZESHA PUNGUZO LA BEI MSIMU WA SIKUKUU
Dar es Salaam, Desemba 13, 2024: Benki ya Taifa ya Biashara (NBC) imezindua msimu wa pili wa kampeni yake inayofahamika kama "Tabasamu Tukupe Mashavu," ikilenga kutoa fursa kwa wateja wa benki hiyo kufurahia pamoja na wapendwa wao wakiwemo ndugu, jamaa na marafiki katika Sikukuu za mwisho wa mwaka kupitia punguzo la bei kwenye manunuzi ya huduma mbalimbali.
BENKI YA DUNIA YAIPONGEZA TANZANIA MRADI WA SGR
Benki ya Dunia imeshangazwa na hatua kubwa iliyofikiwa na Serikali katika kutekeleza Mradi wa Kimkakati wa Reli ya Kisasa wa SGR, na kuahidi kuwa itaweka mkono wake kusaidia ujenzi wa Reli hiyo muhimu kwa kukuza biashara na ukuaji wa uchumi wa nchi.
Kauli hiyo imetolewa Jijini Dar es Salaam, na Mkurugenzi wa Kanda ya Afrika wa Benki ya Dunia anayesimamia Ujenzi wa Miundombinu, Bi. Wendy Hughes, aliyepo nchini kwa ziara ya kikazi, alipokutana na kufanya mazungumzo na Mawaziri watatu wa Kisekta, wakiongozwa na Waziri wa Fedha, Mhe. Dkt. Mwigulu Lameck Nchemba, Waziri wa Uchukuzi, Prof. Makame Mbarawa na Waziri wa Ujenzi Mhe. Dkt. Abdallah Ulega.
Bi. Hughes aliyeambatana na Mkurugenzi Mkazi wa Benki ya Dunia, Bw. Nathan Belete na Viongozi wengine waandamizi wa Benki hiyo, alisema kuwa amesafiri kwa kutumia reli hiyo kutoka Dar es Salaam hadi Dodoma na kushangazwa na kiwango cha ubora wake wa viwango vya kimataifa.
Alisema kuwa Benki ya Dunia inaendelea kuchakata maombi yaliyowasilishwa na Serikali katika Benki hiyo, na kwamba iko tayari kusaidia ujenzi wa Reli hiyo ya Kimkakati na kushauri pia sekta binafsi ishirikishwe kikamilifu kuhakikisha kuwa malengo ya kuanzishwa kwa mradi huo yanafikiwa kwa ufanisi mkubwa.
TANZANIA & EU LAUNCH €15 MILLION PROJECT TO REVOLUTIONISE REGIONAL TRADE AND TRANSFORM DAR ES SALAAM PORT
As a critical gateway for Tanzania and its landlocked neighbours, the Dar es Salaam Port plays a vital role in regional trade. However, persistent inefficiencies and barriers have hindered its ability to operate at full potential. This project directly addresses these challenges through an integrated approach focusing on port optimisation, trade facilitation, and urban mobility enhancements.
The signing ceremony, held at the Tanzania Ports Authority’s Headquarters on 11 December 2024, brought together high-level representatives from the European Union, TPA, and the Ministries of Transport and Finance, underpinning the strong partnerships driving this ambitious undertaking.
Plasduce Mbossa, Director General of Tanzania Ports Authority, expressed confidence in the initiative: "We commend the partnership dedicated to enhancing the performance of the Port of Dar es Salaam. We are optimistic that this project will deliver transformative interventions to improve the port's operations and efficiency. Our gratitude goes to the European Union for funding this vital initiative. TPA will remain committed to supporting effective implementation of this project."
The project is built around three core pillars, each addressing distinct trade ecosystem challenges. The Port of Antwerp leads efforts to optimise port operations, ensuring smoother trade flows through operational improvements. TradeMark Africa drives the trade facilitation pillar, focusing on eliminating barriers, digitising customs processes, integrating systems, and improving infrastructure for handling perishables. With €4.2 million allocated to this component, the interventions aim to reduce the time and cost of goods movement. UN-Habitat oversees urban mobility initiatives, aimed at improving the efficient movement of goods and people in the port's surrounding areas, a crucial enabler of trade efficiency.
SMARTLAB & EIT CLIMATE-KIC LAUNCH ADAPTATION AND RESILIENCE CLIMACCELERATOR
12 December 2024: SmartLab, Tanzania’s leading innovation hub, in partnership with EIT Climate-KIC, Europe’s foremost climate innovation agency, officially launched the Adaptation and Resilience ClimAccelerator on December 12, 2024. Held at SmartLab Headquarters in Dar es Salaam, the event marked the beginning of the programme’s second cohort, aimed at fostering climate adaptation solutions across Tanzania.
The initiative received over 170 applications from regions like Iringa, Arusha, Dodoma, Zanzibar, Mwanza, and Singida. After a competitive selection process, 10 start-ups were chosen, including Tanzania Viable Farms, HERVEG.05, NDUGUNAMITI ENTERPRISES LTD, Kilimomax Solutions, insectUp, Rada 360 Limited, THORNTSORN, Kesho Technologies Company Limited, DMA, and Addrone Digital. These start-ups will benefit from tailored mentorship, resources, and networking to scale their impact and create resilient solutions for rural and urban communities.
In his welcoming remarks, Larry Ayo, SmartLab’s Business Lab Director, highlighted the program’s significance, saying, “Our collaboration with EIT Climate-KIC equips Tanzanian entrepreneurs with the tools to develop scalable climate solutions. These innovations address pressing challenges while uplifting the communities that need them most.”
The program overview was followed by a keynote address from Gerald David, Program Lead at the Global Resilience Partnership, who stated:
“The Adaptation and Resilience ClimAccelerator demonstrates the power of partnerships in addressing climate risks. Programs like this support local innovators tackling global challenges.”
GE VERNOVA, UDSM & TANESCO HOST STEM EVENT TO INSPIRE FUTURE INNOVATORS
“GE Vernova is dedicated to playing a pivotal role in Tanzania's energy transition,” said Oluwatoyin Abegunde, Executive Director, Aeroderivatives, Gas Power at GE Vernova. By using our advanced technologies, we are committed to helping our customers build a sustainable and resilient energy ecosystem,”. “Collaborating with TANESCO and the University of Dar es Salaam, we aim to provide students with a comprehensive understanding of energy-focused career paths and academic opportunities. Young STEM professionals are crucial in creating an energy system that balances sustainability, availability, and affordability,” she added.
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