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FIRST COMMERCIAL FLAMMABILITY TEST LAB LAUNCHED IN THE MIDDLE EAST

At the launch of the Lantal Flammability Test Lab at Etihad Airways Engineering in Abu Dhabi, are: (left to right) Peter Baumgartner, Chief Executive Officer, Etihad Airways; Dr. Urs Rickenbacher, Chief Executive Officer, Lantal; Bernhard Randerath, Vice President, Design, Engineering and Innovation, Etihad Airways Engineering; Heiko Nüssel, Partner, Executive Vice President, Compliance and Certification, Lantal; Shevantha Weerasekera, Head of Engineering, Etihad Airways Engineering; Jeff Wilkinson, Chief Executive Officer, Etihad Airways Engineering; Jürg Metz, Swiss Consul. 

Etihad Airways Engineering and Lantal Textiles AG have launched the first Flammability Test Laboratory in the Middle East, for regional customers within the aviation industry, including VIP operators, MRO organisations, design and production organisations as well as cabin interior suppliers.

Located inside the Etihad Airways Engineering facility adjacent to Abu Dhabi International Airport, the new Lantal laboratory will provide test services that include flammability tests, seat cushion tests, heat release and smoke tests.

EADB HEAD UNDER PROBE OVER MISMANAGEMENT CLAIMS

Kampala - The East African Development Bank (EADB) board is investigating the institution’s chief executive, Ms Viviene Yeda Apopo, over alleged mismanagement following demands by some employees that her services be “terminated immediately”.

Ms Apopo, a Master’s degree holder in Business Administration, has led the regional bank for seven years, having been appointed as the director general in 2009.

The whistleblowers note in the dossier to the board that whereas Ms Apopo has done a good job in recovering loans, her repeated failure and, in some cases, excessive delay in approving viable projects recommended by senior management, have hindered the bank from investing in lucrative ventures.

“We, a group of staff at EADB, write to express our concern over the manner in which the bank is being run under the leadership of Ms Viviene Yeda. We bring to the attention of the concerned parties requesting that her services as director general at EADB be terminated immediately...,” the petition also copied to Kenya’s Treasury secretray, Mr Kamau Thugge, reads in part.

BANK OF TANZANIA COUNTERS RUMOURS ON 500/- NOTES

The Central Bank has dismissed as false reports circulating in some social media outlets that 500/- notes will no longer be used after 31st of December of this year.

The Central Bank Director of Banking, Marcian Kobello, said in a statement yesterday that the 500/-bill would continue to be used next year until it disappears in the circulation.

"Reports that the 500/- notes will no longer be used after 31st of December are false and should be dismissed," the statement reads in part adding the bank notes would remain as legal tender before it is gradually withdrawn in the circulation.

"The truth is the 500/- bill will continue in circulation alongside the 500/- coin until it disappears.

INDIA'S MODI EYES REAL ESTATE ASSETS IN DRIVE AGAINST GRAFT

India's Prime Minister Narendra Modi.

Indian Prime Minister Narendra Modi has quietly plugged a tax loophole used by the wealthy to buy real estate in someone else’s name as part of his campaign against corruption, a senior tax official said on Monday.

While the focus of his administration was managing the fallout of a shock move last month to scrap old 500 and 1,000 rupee notes, the official told Reuters that the department expected to step up scrutiny of real estate assets with suspicious titles.

Tax officials expected to use returns for the current year that are filed in July as well as other means such as raids and data from bank transactions to gather information about suspicious real estate assets, the official said.

"This is our priority for next year," said the official, requesting anonymity as unauthorized to speak to the media.

SUMATRA IRONS OUT TICTS-IMPORTERS ROW

The Surface and Marine Transport Authority (SUMATRA) has intervened and managed to settle a row at the Dar es Salaam Port between importers and Tanzania International Container Terminal Services (TICTS) over new charges.

The fresh dispute between the two parts emerged after the TICTS introduced charges on containers destined for scanning at the port.

TICTS has reportedly imposed a fee of $156 (Sh340, 000) for every 40ft container and $103 (Sh225, 000) for a 20ft container for all transit cargo destined to landlocked countries in the region.

The move brought confusion among the port stakeholders, with Tanzania Freight Forwarders Association (TAFFA) arguing that the decision would deter current efforts in attracting more customers to use the port.

SEASONS GREETINGS & HAPPY NEW YEAR!

NATIONAL CARRIER LEASES AIRCRAFT TO FLY ABROAD

REVIVED Air Tanzania Company Limited got a big boost after an Indian community leased one of its new aircraft to take a team to Kisumu, Kenya for sport and cultural event.

Lohana Mahajan Community have opted to use the national airline to fly its team to Kisumu for 34th Lohana Sports and Cultural Festival (LSCF). “I feel very proud to use our national career.

To support the president’s efforts in reviving ATCL we decided this year to use them to fly to Kisumu for Lohana games. We would like other national sport clubs and communities to use ATCL when flying for international games,” Lohana Mahajan Community President, Mr Navin Kanabar said at a press conference in Dar es Salaam today.

He called upon athletes and entertainers to use Air Tanzania Company Limited (ATCL) for their domestic and international trips to support government's efforts to revive the national career. Mr Kanabar together with the team of over 45 players are expected to leave the country for the games tomorrow.

COCA-COLA BUYS AB INBEV OUT OF AFRICA UNIT FOR $3.2 BILLION

Coca-Cola Co. will pay $3.15 billion to buy Anheuser-Busch InBev NV out of an African bottling joint venture after the Budweiser brewer’s takeover of the U.S. beverage company’s partner in the region.

Wednesday’s announcement comes just over two months after the companies said they were in negotiations following AB InBev’s completion of the takeover of SABMiller. Coca-Cola also agreed to buy AB InBev’s interest in bottling operations in Zambia, Zimbabwe, Botswana, Swaziland, Lesotho, El Salvador and Honduras for an undisclosed sum.

For Coca-Cola, the acquisition of AB InBev’s 54.5 percent stake in the venture provides a firm footing in a region that is probably one of the last where it can grow its core soft drinks products, said Sasha Naryshkine, an analyst at Johannesburg-based money manager Vestact Ltd. The transaction continues AB InBev’s asset pruning following its purchase of SABMiller, coming only days after the brewer agreed to sell its central and eastern European assets to Asahi Group Holdings Ltd.

“Considering the speed that this deal was done I would expect AB InBev to continue selling non-core assets quickly,” Naryshkine said. “It’s a good price for Coca-Cola.”

VOLKSWAGEN TO SET UP PLANT IN RWANDA

A Volkswagen Tiguan, one of the VW series in a manufacturing plant. The German carmaker will soon set up an assembly plant in Rwanda.

German carmaker Volkswagen (VW) and the Government of Rwanda are set to sign an agreement today that will see the former set up an assembly plant in Rwanda to start making environment-friendly cars, The New Times has learnt.

Information from the Rwanda Development Board (RDB) indicates that the board’s Chief Executive Officer, Francis Gatare, and the Chief Executive Officer of Volkswagen South Africa, Thomas Schaefer, will sign a memorandum of Understanding (MOU) in Kigali today in the presence of Dr Herbert Diess who is the CEO of the Volkswagen brand.

The agreement will enable Volkswagen South Africa to start assembling in Rwanda cars that are easy to maintain and that are low on fuel consumption and gas emission.

DAR, LILONGWE SIGN 180MW JOINT POWER DEAL

Tanzania and Malawi are expecting to implement a joint 180-megawatt electricity project that will enable each country to produce 90mw.

The two countries also expect to implement another joint project on irrigation where a total of 600 hectares will be developed, with 3000 farms in each country.

The implementation of the projects follow agreement over development for Songwe River Basin (SRBDP), signed by the Minister for Water and Irrigation, Engineer Gerson Lwenge and Malawian Minister for Agriculture, Irrigation and Water Development, Dr George Chaponda.

They signed the agreement in Mbeya during a special ministerial meeting by the two countries whereby some of the projects to be implemented will include dam construction, tree planting and irrigation schemes.

Speaking after the signing of the agreement, Eng. Lwenge pointed out that the project is expected to cost the two countries more than 500 million US dollars. He went on to say that the project will benefit seven districts in the two countries whereby for Tanzanian side the five districts are Kyela, Ileje, Mbeya, Momba and Mbozi.

TANZANIA, UAE SIGN TOURISM PACT

The governments of Tanzania and the United Arabs Emirates (UAE) have signed a bilateral Air Service Agreements (BASA) and a memorandum of understanding (MoU) for co-operation in tourism.

The two governments also agreed to conclude negations and sign agreements on promotion and protection of investments and avoidance of double taxation on income.

The event took place in Abu Dhabi during the first Tanzania and UAE joint commission meeting between Foreign Affairs and East African Cooperation Minister, Dr Augustine Mahiga and UAE Minister of State for International Cooperation, Ms Reem Ebrahim Al Hashimy.

GOVERNMENT BAN ON EXPORT OF LIVE ANIMALS REMAINS INTACT

The ban on the exports of live animals remains intact unless all procedures are strictly observed, the government said yesterday.

The Natural Resources and Tourism Minister, Professor Jumanne Maghembe, told traders dealing with transportation of live animals that the three-year ban was a legitimate government decision, which is not likely to change soon.

“This ban (on the live animal exports) is the government decision ... it is not Maghembe’s, I am only a gramophone,” he charged, saying the ban will remain in force for three years, starting March, 2016, when it was announced.

He called for calmness as the government finalises procedures that will guide the issuance of business permits, subject to critical review under smooth guidance on the business in the country.

ETIHAD AIRWAYS AND TANZANIA’S PRECISON AIR UNVEIL CODESHARE AGREEMENT

In a move that extends its reach across East Africa, Etihad Airways, the national airline of the United Arab Emirates, today announced that it has entered into a codeshare agreement with Precision Air, Tanzania’s leading domestic airline.

Under the new codeshare agreement, Etihad Airways will place its EY code on Precision Air flights between Dar es Salaam and Kilimanjaro, Mwanza, Mtwara, Nairobi, Zanzibar, Pemba, and between Nairobi and Kilimanjaro and Zanzibar.

Precision Air will place its PW code on Etihad’s daily services between Dar es Salaam and Abu Dhabi, strengthening ties between East Africa and the United Arab Emirates.

Kevin Knight, Etihad Airways’ Chief Strategy & Planning Officer, said: “Precision Air is an innovative and award-winning airline and this new codeshare agreement demonstrates Etihad Airways’ growing ambitions to strengthen its operations across the East African region.

MIMOSA CONCIERGE PREPAID VISA DEBIT CARD

Greetings from Mimosa Concierge,

The Mimosa Concierge Prepaid Visa Debit Card is a prepaid Visa  card that is reloadable with Tanzanian Shillings to the amount of up to TSh 80,000,000 via cash deposit at any UBA Bank branch in Tanzania or send money directly to your card through Vodacom M-pesa, Tigo pesa or Airtel money.

Why the Mimosa Concierge Prepaid Visa Debit Card?

1. Our Prepaid Visa Card not only allows you to purchase goods and services both online and from any entity with a Point of Sale machine but you automatically become a member of our ever-growing concierge service, which is detailed in the attachments herein.

2. Our Visa card does not require you to operate a bank account and once you've purchased the card you will be able to carry your money with you across all continents worldwide. 

The Mimosa Concierge Prepaid Visa Card is available for purchase at Various Outlets and through our sales representatives. Our Prepaid Visa Card is yours for only Tsh 240,000 equivalent to 7,000/= Tsh a Month for 3 Years inclusive of membership to the Mimosa Concierge Service where you will benefit from discounts from our discount partners nationwide.

There are no monthly fees or other additional hidden costs involved, other than the initial purchase of the card inclusive of membership and transaction fees.

Ready to sign up? Please contact us on mimosa@mimosaconcierge.com or contact us on +255 654 246 979 and arrange for one of our agents to come to you and help you register you with us.

MIMOSA CONCIERGE

“We Go The Extra Mile For You” 

MIMOSA CONCIERGE 

A Service under REGENCY INNOVATION SOLUTIONS LIMITED 

8th Floor (Office), Regency Park Hotel, Mwai Kibaki Road, Mikocheni

P.O Box 75788, Dar es Salaam, Tanzania 

+255 654246979, +255 789310887 +255 756025268 

mimosa@mimosaconcierge.com

www.mimosaconcierge.com

COMPANY LAUNCHES NEW FIRE SUPPRESSION SYSTEM IN DAR ES SALAAM

The Deputy Permanent Secretary in the Ministry of Home Affairs, Ambassador Hassan Simba Yahaya (left) attentively listens to JUNACO Group of Companies official Mr George Michael who was explaining about the firm’s new product, FirePro Aerosol Fire Suppression System, in the quest to find the alternative solution for fire suppression during the product’s launch ceremony held in Dar es Salaam over the weekend. Others include company’s Chairman and Chief Executive Officer (CEO), Mr Justine Lambert (second left).

JUNACO Group of Companies has launched its new product, FirePro Aerosol Fire Suppression System, in the quest to find the alternative solution for fire suppression.

According to the company’s Chairman and Chief Executive Officer (CEO), Mr Justine Lambert, the new product is yet another milestone in finding the solution for fire suppression that has become a social and economic menace in the recent times.

The official launching was graced by the Deputy Permanent Secretary in the ministry of Home Affairs, Ambassador Hassan Simba Yahaya on behalf of the Minister for Home Affairs Mr Mwigulu Nchemba.

A TANZANIAN, JENNIFER SHIGOLI WINS 2016 AFRICAN ENTREPRENEURSHIP AWARD IN CASABLANCA, MOROCCO

BMCE Bank of Africa has announced the winners of the second edition of the African Entrepreneurship Award, which allocates $1-million each year.

A Tanzanian, Jennifer Shigoli, was among 11 winners of the second edition of 2016 African Entrepreneurship Award in Casablanca, Morocco.The award ceremony, chaired by President Othman Benjelloun, was held on 5 December 2016 to compensate the most significant and sustainable businesses in the award’s three categories: education, environment and uncharted.

Among the 37 finalists who participated to the Boot Camp held in Casablanca from 30 November to 3 December 2016, 11 winners were selected by a presidential jury.

The winners are as follows:

First place – $150 000

• Environment: Mahmud Johnson – Liberia – “Oil Palm products”
• Education: Jennifer Shigoli – Tanzania – “Reusable Sanitary Pads

Second place – $100 000

• Environment: Ernie Aylward – South Africa “Electric mini-cabs”
• Education: AbideenAdelu – Nigeria – “Mobile application for students”
• Uncharted: Joyce Kyalema – Uganda – “Pumpkin food”

Pioneer Awards – $50 000

• Frederico Peres da Silva – Mozambique – “Connect blue-collar, informal workers to customers”
• Achiri Nji – Cameroon – “Live status updates on road conditions”
• Benti Gelalcha – Ethiopia – “Veterinary Ambulatory Clinical Services”
• Murtula Sanni – Nigeria – “Online platform for skilled workers”
• Omar Kadiri – Morocco – “Free phone credit”.

KENYA, BRAZIL NOD TO ATCL REVIVAL

BRAZIL and Kenya yesterday hailed efforts by the government to revive the cash-strapped Air Tanzania Company Limited (ATCL), describing the move as a major step towards boosting the country’s economy.

The Ambassadors of Brazil and Kenya to Tanzania, Mr Carlos Alfonso Puente and Chirau Ali Makwere, respectively, lauded the purchase of new planes for the airline to improve the company’s service delivery to domestic and international air travellers.

The praises come as the government embarks on a number of plans to purchase more aircraft for the national flag carrier. President John Magufuli announced recently that he intends to purchase three more aircraft, bringing to five the total number of new planes from Canadian manufacturer, Bombardier.

YOU GOT IT WRONG, INSURER TOLD

The Commissioner of Insurance, Mr. Israel Kamuzora

In Summary
Alliance Life Assurance Tanzania chief executive officer Byford Mutimusakwa was recently quoted by Tanzania Invest.com — an online weekly newsletter — as saying it was much easier selling life insurance to companies than to individuals

Dar es Salaam. A suggestion for employers to to provide life insurance in Tanzania has been turned down.

Alliance Life Assurance Tanzania chief executive officer Byford Mutimusakwa was recently quoted by TanzaniaInvest.com — an online weekly newsletter — as saying it was much easier selling life insurance to companies than to individuals.

Mr Mutimusakwa suggested that the regulator introduce regulations that oblige employers to provide life insurance.

BOMBARDIER WINS ORDERS FOR TWO CS300 AND ONE Q400 AIRCRAFT FROM TANZANIA

December 2, 2016

MontréalCommercial Aircraft, Press Release

Bombardier Commercial Aircraft announced today that the United Republic of Tanzania represented by the Tanzanian Government Flight Agency (TGFA) has signed firm purchase agreements for two CS300 jetliners and one Q400 turboprop aircraft. The aircraft will be leased to and operated by Air Tanzania (The Wings of the Kilimanjaro) based in Dar es Salaam.

Based on the list prices of the CS300 and Q400 aircraft, the combined value of the purchase agreements is approximately $200 million US.

Like the two Q400 turboprop aircraft delivered to the TGFA for lease and operation by Air Tanzania in September 2016, the third announced today will have an all-economy, 76-seat interior with two lavatories. The two CS300 airliners will be configured in a dual-class layout, and will be equipped with WiFi internet and in-flight entertainment.

SIMBAPAY LAUNCHES MOBILE MONEY TRANSFER SERVICE TO GHANA AND UGANDA

Techstars alumni, SimbaPay announces the addition of Ghana and Uganda as remittance destinations on its international digital money transfer platform

LONDON, United Kingdom, December 5, 2016/ -- SimbaPay (www.SimbaPay.com) – a London based digital money transfer provider – today announced the launch of its money transfer service to Ghana and Uganda. Using the SimbaPay app or website, Ghanaians and Ugandans living in Europe can now send money to mobile phones in Ghana or Uganda instantly. “This is the perfect Christmas gift to Ghanaians and Ugandans living in Europe who have been asking when SimbaPay will expand coverage to their home countries” said Nyasinga Onyancha, CEO for SimbaPay. “By delivering money via existing mobile money wallet services, many recipients who previously could not access formal financial services can now do so”. Ghanaians and Ugandans living in Europe (UK & European Union countries) with a bank account, debit card or credit card will be able to use the SimbaPay app from any mobile phone, tablet or computer. Transfers made using SimbaPay are credited within seconds to recipients’ mobile money wallets such as MTN Mobile Money. This eliminates the inconvenience of queues and old school paperwork.

NATIONAL MICROFINANCE BANK CONTINUES TO REWARD ITS CUSTOMERS FOR EACH SAVINGS MADE

National Microfinance Bank Plc ‘NMB’ has enhanced their Bonus Account with an attractive interest rate of up to 13%. The offer is available to all NMB Bonus Account and NMB Business Savings Account holders who will only withdraw funds on either account once on a quarterly basis. The new interest rate has been improved to support and encourage the achievement of personal and business goals.

The new and attractive interest rate of up to 13% which is paid on a quarterly basis means that customers will be able to enjoy a bonus interest over and above the standard basic interest. This is considered to be a competitive rate on the business savings account in the banking sector. All existing and new customers of this product can now reap the benefit.

AfDB APPROVES USD 50 MILLION EQUITY INVESTMENT AND USD 50 MILLION CONVERTIBLE LOAN TO SEED THE ESTABLISHMENT OF THE MULTI-INVESTOR USD 500 MILLION FACILITY FOR ENERGY INCLUSION (FEI)

The Board of Directors of the African Development Bank (AfDB) has approved a financing package of USD 100 million, comprising USD 50 million equity and USD 50 million convertible senior loan, to seed the Facility for Energy Inclusion (FEI), a pan-African renewable energy debt fund. The investment, which is expected to catalyze energy access for an estimated 3 million people, is rooted on the Bank’s New Deal on Energy for Africa and increasing global recognition on the importance of energy access in Africa.

FEI will focus on providing senior and mezzanine debt to off-grid, mini-grid and small scale Independent Power Producers (IPP), i.e. projects with total costs under USD 30 million. The Fund will provide hard and local currency financing.

The Bank’s approval opens the door to a formal fundraising process, which seeks to raise up to USD 400 million in additional investment from like-minded DFIs, impact investors and commercial banks. In preparation for this, the AfDB has held informal discussions with potential investors from the UK, US, Germany, Japan, and South Africa. A first closing is expected by mid-2017.

AfDB BOARD OF DIRECTORS APPROVES THE INSTITUTION'S BORROWING PROGRAM FOR 2017

The Board of Directors of the African Development Bank has approved the institution’s borrowing program for 2017, for an amount of UA 6.9 billion (equivalent to USD 9.4 billion) to be raised from capital markets. One of the main objectives of the program is to raise resources from capital markets, in a cost effective manner, to finance development projects and programs in Africa. The Bank’s funding requirements have been increasing in line with its operations and footprint on the continent. Three years ago, its annual borrowing program was USD 4.4 billion.

The AfDB has accessed a wide array of capital markets across the globe, with the bulk of its issuance in US dollars, Euro, Australian dollars and South African rand. It has also been growing its socially responsible investment programs, including green bonds and bonds around the five high priorities areas of the institution: A ‘feed Africa’ ‘Improve the quality of the life for the people of Africa’ bonds were issued in 2016 in addition to green bonds.

STANBIC BANK NAMED TANZANIA’S BANK OF THE YEAR

Officials from Standard Bank Group and The Banker Magazine, pose for a souvenir photo soon after the former was named Regional Bank of the Year for Africa at a recent gala awards dinner hosted in London.

Standard Bank Group also recognised for excellence in 5 other African markets

Dar es Salaam, Tanzania, 14 December 2016: The Banker Magazine, the world’s longest running international banking publication, named Stanbic Bank Tanzania as Tanzania’s “Bank of the Year 2016”, at a recent gala awards dinner hosted in London.

Stanbic Bank Tanzania is a member of the Standard Bank Group, which was simultaneously named Regional Bank of the Year for Africa and also scooped Bank of the Year accolades in Botswana, Malawi, South Africa, Swaziland and Uganda.

The Banker’s judging panel reported that the Standard Bank Group’s operations in all six African countries had made the most progress over the 12 months, not only in terms of strong financials, but also in the wide range of initiatives which the banking group undertook during this period.

TANZANIA INVESTMENT CENTRE SIGNS RESEARCH PARTNERSHIP WITH OXFORD BUSINESS GROUP

Hon Charles Mwijage, Minister for Trade, Industry & Development (centre), Mr Clifford Tandari, Executive Director for TIC (right) and Ivana Carapic, Country Director for Oxford Business Group (left) sign an MOU for the global research and consulting firm’s inaugural report on the country’s economy in Dar es Salaam early this week.

Dar es Salaam Tuesday 13 December 2016…. With Africa earmarked as the “next investment destination”, the time is right for Tanzania to highlight its investment opportunities on the international stage and enhance its business climate, Charles John Mwijage, the country’s minister for industry, trade and investment said.

The minister was speaking at the signing of a memorandum of understanding (MOU) between the Tanzania Investment Centre (TIC) and Oxford Business Group (OBG) for the global research and consulting firm’s inaugural report on the country’s economy.

Under the MOU, the TIC will provide research support to OBG’s in-country team as it begins collecting data for The Report: Tanzania 2017. The report, which will include more than 200 pages of original analysis on Tanzania’s investment and business environment, will be published in 2017.

The research partnership was signed on Tuesday this week at TIC’s offices, in the presence of Mwijage and Clifford Tandari, the centre’s executive director. Both speakers shared their thoughts on the country’s investment climate at the event, while also highlighting the importance of ensuring that investors have access to independent and up-to-date business intelligence.

AFRICAN DEVELOPMENT FUND BOARD APPROVES A LOAN OF USD 93.51 MILLION TO SUPPORT THE AGRICULTURE SECTOR IN TANZANIA

The Board of Directors of the African Development Fund (ADF) has approved a loan of UA 67.27 million (USD 93.51 million) to the United Republic of Tanzania for on-lending to the Tanzania Agricultural Development Bank (TADB). The funding will contribute to supporting Tanzania’s agriculture sector and achieving the country’s development goals.

The TADB is a national development finance institution, the mission of which is to develop the agriculture sector in Tanzania. The sector provides employment for about 67% of the population and has a very big potential for expansion given the abundance of arable land and the availability of inland water resources. However, the sector needs to be developed if Tanzania is to achieve sustainable economic development and poverty reduction. Specifically, in order for the country to achieve the Sustainable Development Goals and its Tanzania Development Vision 2025, the agriculture sector must sustainably grow at over 10% per annum. Unfortunately, over the past ten years, the sector has grown at an average of 4.4% per annum and contributed an average of 29.3% of Gross Domestic Product (GDP). These rates have recently declined to 3.2% per annum and 26% of GDP (Q2 2016), respectively.

BALOZI WA TANZANIA NCHINI MALAYSIA, MHE. DKT. DAU AWASILISHA HATI ZA UTAMBULISHO

Balozi wa Tanzania nchini Malaysia, Mhe. Dkt Ramadhani Dau akikabidhi hati zake za utambulisho kwa mfalme na mkuu wa nchi hiyo Abdul Halim Mu'adzam Shah katika kasri ya Istana Negara jijini Kuala Lumpur mapema mwezi huu.

Balozi wa Tanzania nchini Malaysia, Mhe. Dkt Ramadhani Dau akikabidhi Hati za Utambulisho kwa Mfalme na Mkuu wa Nchi hiyo, Abdul Halim Mu'adzam Shah katika kasri ya Istana Negara jijini Kuala Lumpur mapema mwezi huu.

Kikosi cha askari kikitoa saluti wakati nyimbo za Taifa za Tanzania na Malayasia zikipigwa mara baada ya Balozi wa Tanzania nchini humo Mhe. Dkt Ramadhani Dau kuwasili katika kasri ya Istana Negara jijini Kuala Lumpur kukabidhi Hati za Utambulisho kwa Mfalme na Mkuu wa nchi hiyo aliyemaliza muda wake Abdul Halim Mu'adzam Shah mapema mwezi huu.

TANZANIA, BOEING AFFIRM ORDER FOR SUPER JETLINER

Boeing Company and Tanzania have confirmed an order for one 787-8 Dreamliner aircraft valued at 224.6 million US dollars (482.89bn/-), the first ever wide-body order for the country’s national carrier.

The aircraft will be operated by the country’s flag carrier, Air Tanzania Company Limited (ATCL). According to a statement issued by Mr Keelan Morris of the Boeing Commercial Airplanes Communications, the order was previously attributed to an unidentified customer on Boeing’s Orders and Deliveries website.

The Minister for Works, Transport and Communications, Professor Makame Mbarawa, yesterday confirmed the Boeing order in a telephone interview with the ‘Daily News’. Boeing Company is an American multinational corporation that designs, manufactures and sells airplanes, rotorcraft, rockets and satellites worldwide.

FOURTEENTH REPLENISHMENT OF THE AFRICAN DEVELOPMENT FUND

Donors agree on US $ 7.06 billion to the African Development Fund (ADF); increased financing for fragile countries; and scaled up support to the private sector

• Strong donor commitment despite a difficult global economic environment
• Resources devoted to countries affected by situations of fragility to increase
• ADF to scale-up support to the private sector

A global coalition of donors pledged to support the structural transformation of African economies and the African Development Bank's High Five priorities by agreeing on US $7.06 billion over the next three years to support development projects and programs in the 38 lower income African countries supported by the African Development Fund (ADF)

"We are appreciative of the support of the donors of the African Development Fund, especially in the difficult global economic environment." said the President of the African Development Bank Group, Dr. Akinwumi Adesina. "I also appreciate the strong support of our donors for the vision, direction and ongoing reforms of the Bank Group to deliver greater developmental impacts for Africa. The African Development Fund will continue to play a significant role to build resilience for the economies of low income countries in Africa, especially those experiencing conditions of fragility or vulnerability" added Adesina.

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STANBIC BANK RE-LAUNCHES PRIVATE BANKING

December 2016, Dar es Salaam – Stanbic Bank Tanzania has relaunched their private banking services with the aim of improving the overall banking experience as well as steadily increasing number of customers within the private banking space.

The relaunch took place recently and brought together clients in the Private Banking space, Stanbic Bank Executive Committee members as well as Stanbic Bank Tanzania staff members.

Speaking during the event, Ruth Mwaiselage, Head, Private Banking, noted that the bank seeks to provide an exclusive and comfortable banking experience to its customers.

“Our clients will be getting a superior level of services and rewards through this facility. Our aim is to provide integrated financial solutions that fit well with the needs of our customers,” Ruth said.

TIGO YATANGAZA KUWASILISHA DOKEZO LA MUHTASARI KUHUSU PENDEKEZO LA AWALI LA KUUZA HISA ZAKE KWA UMMA

Mwenyekiti wa bodi ya Wakurugenzi wa kampuni ya simu za mkononi ya Tigo balozi (mstaafu) Ami Mpungwe (katikati) akishirikiana na Mkurugenzi Mtendaji wa kampuni hiyo, Diego Gutierrez wakikabidhi kabrasha lenye mapendekezo ya kuomba kuorodhesha hisa katika soko la hisa la Dar Es Salaam (DSE) kwa Afisa Mtendaji Mkuu wa soko hilo, Moremi Marwa.

Dar es Salaam – Desemba 8, 2016 – Kampuni ya Mtandao wa Simu za Mkononi ya MIC Tanzania Limited (Tigo) leo imetangaza rasmi kuwasilisha muhtasari na maombi ya awali katika Mamlaka ya Masoko ya Mitaji na Dhamana (CMSA) na Soko la Hisa Dar es Salaam (DSE) kuhusiana na mapendekezo ya awali ya kuorodhesha hisa zake katika Soko la Hisa la Dar es Salaam.

Uuzwaji wa hisa hizo unatarajiwa kuanza mara baada ya CMSA na DSE kumaliza mchakato wa mapitio kulingana na masharti yanayohusu soko la hisa.

AfDB COMMITS USD 74.9M TO REINFORCE ROAD CONNECTION BETWEEN MOZAMBIQUE AND TANZANIA

On Friday 9th December of 2016, the Board of Directors of the African Development Bank Group (AfDB) approved USD 71.8M grant and USD 3.1M loan to the Government of Mozambique for the construction of an asphalted 70km road section in Northern Mozambique, to improve connectivity with Tanzania. The project will open up that isolated part of the country, contributing to the economic growth and the eradication of poverty, as well as foster cross border trade and reinforce regional integration.

The road segment Mueda – Negomano represents a missing link on the transport corridor between Mozambique and Tanzania. The Bank will finance the paving of the road for phase I. This phase, approved today, concerns a 70km road section which starts at Negomano, located adjacent to the Ruvuma River, the natural frontier with Tanzania. The section ends in the locality of Roma. The improvement of the road will reduce from three to one hour the time to travel between the two localities. That first phase will be complemented by a second one, planned to start in 2019, which will connect Roma to Mueda and includes the construction of a one stop border post.

FOREIGN CURRENCY EXCHANGE RATES, COURTESY OF NMB

TIGO EMBARKS ON DAR ES SALAAM STOCK EXCHANGE LISTING PROCEDURES

MIC Tanzania, Tigo, has officially submitted application for Initial Public Offer (IPO) and listing on the Dar es Salaam Stock Exchange (DSE).

Tigo, the second biggest mobile phone service provider, has applied for the IPO to the Capital Markets and Securities Authority (CMSA). CMSA Principal Public Relations Officer Charles Shirima told the ‘Daily News’ in Dar es Salaam yesterday that the authority has received and is working on the telecommunication company’s draft prospectus.

“CMSA standard time to work on the prospectus is within 21 days … this, however, depends on whether the document meets the authority’s standard requirements,” Mr Shirima said.

According to the Electronic Postal and Communications Act, 2016 all the telecommunications licensees are required to offload 25 per cent of their shares to the public through the stock market. Mr Shirima, however, could not reveal the amount of the IPO, saying “the info is still classified until the prospectus is approved … but Tigo may tell you.

TIC SASA KUTANGAZA FURSA ZA UWEKEZAJI NCHINI KUPITIA TAASISI YA OXFORD BUSINESS GROUP

Waziri wa Viwanda, Biashara na Uwekezaji, Mhe: Charles Mwijage  akizungumza wakati wa mkutano huo.

Na Humphrey Shao, Globu ya Jamii

WIZARA  ya Viwanda na biashara kupitia kituo cha uwekezaji (TIC) wameingia makubaliano na wataalamu nguli wa utafiti kuanisha fursa zote zilizopo nchini.

Akizungumza wakati wa uzinduzi huo Waziri wa Viwanda Biashara na uwekezaji ,Charles Mwijage amesema kuwa wataalamu hao wataweza kutusaidia kuto ahabari za kutosha juu ya fursa zilizopo hapa nchini.

Mkurugenzi Mkazi wa Oxford Business Group, Ivana Carapic akizungumza katika hafla hiyo.

“Sijaridhika na namna tunavyojitangaza hivyo  tunapashwa kuandika habari  nyingi  juu vitu tulivyonavyo hasa hzi fursa kupita majarida makubwa duniani na vyombo mbalimbali vya habari” Amesema Mwijage.

Ameitaka tasisi hiyo kutengeneza kitu ambacho watanzania awawezi kutengeneza na kufikisha mahali ambapo wataalamu wetu awawezi kufikisha kwa uraisi lakini wao watafika na kusikilizwa.

Waziri Mwijage ametaja kuwa mara baada ya Asia kukua katika uwekezaji sehemu iliyobaki ni Afrika  na nchi yenyewe ni Tanzania ambapo kuna kila namna na mazingira ya uwekezaji kwa tasisi za nje.

Kaimu Mkurugenzi Mkuu wa Kituo cha Uwekezaji Tanzania (TIC), Clifford Tandari (kulia) akishikama mkono na Mkurugenzi Mkazi wa Oxford Business Group, Ivana Carapic mara baada ya kuaisiana makubaliano ya kiutafiti katika kuanisha fursa mbalimbali zilizopo nchini, iliyofanyika leo kwenye Ukumbi wa Mitutano wa Kituo cha Uwekezaji Tanzania (TIC), Jijini Dar es salaam.

Kwa upande wake mkurugenzi wa TIC, Clifford Tandari amemuakikishia waziri kuwa watalaam hao wana uwezo wa hali ya juu na watawaeza kutengeza kitu ambacho watalaamu wetu awawezi pia kupitia mtandao wa unaofahamika ulimwenguni wataweza kuinganisha mtandao wa TIC hili kila mtu apate kujionea vitu vilivyopo hapa nchini.

Waziri wa Viwanda, Biashara na Uwekezaji, Charles Mwijage (katikati) akizungumza jambo na Kaimu Mkurugenzi Mkuu wa Kituo cha Uwekezaji Tanzania (TIC), Clifford Tandari. Kushoto ni Mkurugenzi Mkazi wa Oxford Business Group, Ivana Carapic. 

Baadhi ya Watendaji wa Kituo cha Uwekezaji nchini wakifatilia mkutano huo.

TURKISH AIRLINES LAUNCHES DIRECT FLIGHTS BETWEEN ISTANBUL AND ZANZIBAR

Turkish Airlines is expanding its presence in Africa with direct flights launched between Istanbul and Zanzibar.

“Turkish Airlines is proud to transport people around the globe to experience new cultures, share ideas and create memories that will stay with them for a lifetime. 

We are delighted to open the new route to Zanzibar, a truly remarkable destination.

We continually seek out opportunities to expand our network and look forward to welcoming our passengers on their way to Zanzibar in the near future,” Ahmet Olmu, Chief marketing officer at Turkish Airlines said.