Ascon Africa – Security & Investigations is very considerable to customer’s needs in such a way that we provide services depending on the customers requirement and expectation. We don’t charge on consultations but on specific tasks given by the customer. The following are the Services provided by our Company:
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.
Monday, 31 December 2018
ASCON AFRICA SECURITY & INVESTIGATIONS
Ascon Africa – Security & Investigations is very considerable to customer’s needs in such a way that we provide services depending on the customers requirement and expectation. We don’t charge on consultations but on specific tasks given by the customer. The following are the Services provided by our Company:
Monday, 24 December 2018
7 HOLIDAY SPENDING TIPS FOR SMART SAVERS
By Desideria Mwegelo,
Head, Marketing & Corporate Affairs,
Stanbic Bank Tanzania.
|
Here are 7 tips to help get you through the season with your account intact, nurture good spending habits for next year’s holidays and prepare you to step into the new year in a better financial position.
1. Use apps with money management features
It is important to start with a number, a budget forces you to map out your goals, save money and keep record of your progress. There are a variety of banking applications that can assist with better budgeting, Stanbic’s iBanking portal allows users to categorize and manage income and expenses. These are invaluable tools to have in your arsenal and will bolster your financial health for the future.
2. Account for the future
With a few weeks left to the end of the year, it is already too late to be making any drastic savings choices but it is also the perfect time to begin saving and the right savings account can have a huge impact on your cash flow for the rest of the year. A savings account such as Stanbic Bank’s PureSave pays interest on a tiered basis, meaning as your balance increases, so does the interest rate. You will also have access to your account anytime to deposit or withdraw, we encourage you do the former rather than the latter.
3. Prioritize your purchases
Avoid the temptation to go shopping without first making a list. You may be looking for gift inspirations, which you will find, along with various items you didn't really want at a price tag beyond your budget. Know what you are shopping for and avoid deceptive holiday discounts.
4. Quantify the receiver
Write down everyone you plan to give gifts to—from your nearest and dearest to your workmates and the food delivery lady. Then put an exact number next to each name. Setting limits will keep you on track. Once you are done buying the gift you may even have some money left to dedicate to another loved one.
5. Attention to detail
Spend wisely by reviewing your account statements whether transacting on mobile money or card. Monitor your sms alerts and use online banking to easily monitor your accounts. Keep a record of cash spent by making a note on your phone while out and about. Stay aware of where the money is going before it is all gone.
Friday, 21 December 2018
NEW BRIDGE TO MAKE DAR ES SALAAM MORE NAVIGABLE
A model of the Dar es Salaam bridge whose construction President John Magufuli inaugurated on Thursday, 20th December 2018. |
Read More >>
HOW TO IMPROVE YOUR MONEY MANAGEMENT SKILLS
By Kelvin Mkwawa, MBA - Seasoned Banker. |
Being able to manage your money effectively is very important to your future since neglecting financial management tasks often leads to overspending, lack of saving, and the accumulation of significant amounts of debt. Life is much easier when you have good financial skills so it’s imperative you acquire good personal financial habits. Here are tips to improve your money management skills.
- Learn to Create a Budget – If you want to learn and acquire good money management skills, the first thing you need to do is to learn how to create a budget and stick to it! Do you know where your money goes? If you don’t, that’s a problem but don’t worry it’s not too late to learn. A budget is all about being intentional. It helps you create a plan to see where your money is going and how much you can save each month. Getting into the habit of tracking your expenses through a budget will help prevent a lot of financial problems for you. If you have never made a budget before, it is easier to start with a pen, paper, and a calculator and create something simple that you can remember and follow. Start creating a budget by calculating how much you make in a month – from your salary or your businesses. Then write down all your necessary expenses for every month and keep track of all your expenses for the next month (it is advised to do this up to three months) to give you an idea of your average monthly expenses. Ideally, the amount you spend in a month should be lower than the amount you earn and if that is not the case, then go over your list and see which expenses you can cut down to ensure that you have positive monthly cash flow. To manage your budget effectively, you must make time to do it correctly. Designating a set time each week to sit down and go over your budget helps to make it routine and increases your likelihood of doing it regularly.
- Think Before You Spend – Make a habit to think before you decide to spend your money and don’t assume you can afford it. This habit of thinking before you spend will make you conscious of your expenses and develop your money management skills. I have put together some of the questions that will help you think before you spend; Do you really need it or do you just want to buy it for fun? Can you afford it? Can you get it for less? Always try to remember that just because the money is there doesn't mean you can spend it and buy things.
- Learn to Save - Depositing money into a savings account each month can help you build healthy money management habits. You can even set it up automatically for the money to be transferred from your checking account into your saving account. Your savings goal should be between 20-30% of your income every month. I realized this might not be easy but you can start small by tweaking your daily routine to yield small savings that can add up over time. For example, you can start emptying your pockets each day and start collecting that extra change and take that collection to the bank and deposit it into your savings account; you can cut down the number of days you eat out by packing your lunch and you can cut down the amount you spend on your entertainment activities.
BANKERS PICK CRDB'S NSEKELA AS THEIR LEADER
Tanzania Bankers Association (TBA) has picked CRDB Bank Managing Director, Abdulmajid Nsekela as the new Chair after they overwhelmingly voted him to succeed former CRDB Bank Managing Director, Dr. Charles Kimei.
Nsekela was voted 100% to enable him assume a 3-year tenure late on Tuesday.
Read More >>
Nsekela was voted 100% to enable him assume a 3-year tenure late on Tuesday.
Read More >>
AFRICAN DEVELOPMENT BANK’S BOARD APPROVES BANK’S BORROWING PROGRAM FOR 2019
The Board of the African Development Bank has approved the institution’s 2019 borrowing program to the tune of US$7.24 billion to be raised from the capital markets.
The African Development Bank accesses a wide array of capital markets with the majority of its borrowing in US dollars and Euros as well as issuances in other public markets such as Australian dollars and Pound sterling.
The Bank maintains an active presence in the socially responsible investment arena and continues to be a regular issue of Green and Social Bonds. These products serve to satisfy increasing demand for impact investment but also allow the Bank to highlight its development mandate and promote sustainable and inclusive growth.
The Institution has also used its ‘High 5’ operational priorities as a platform to continue the issuance of theme bonds, including an inaugural ‘Integrate Africa’ bond, a ‘Feed Africa’ bond awarded Asia Pacific Deal of the Year by mtn-i, more than forty ‘Improve the Quality of the Life for the People of Africa’ bonds, and two taps of its ‘Light Up and Power Africa’ bond.
The Bank is keen to innovate to diversify its product range and, as the financial markets continue to look to a future after Libor, was able to combine innovation with its social responsibility program and issue the first ever Green SOFR-linked bond, in November.
The African Development Bank will continue to promote the development of African Capital markets with the issue of local currency denominated debt to facilitate the financing of its local currency operations, alongside other initiatives.
The African Development Bank accesses a wide array of capital markets with the majority of its borrowing in US dollars and Euros as well as issuances in other public markets such as Australian dollars and Pound sterling.
The Bank maintains an active presence in the socially responsible investment arena and continues to be a regular issue of Green and Social Bonds. These products serve to satisfy increasing demand for impact investment but also allow the Bank to highlight its development mandate and promote sustainable and inclusive growth.
The Institution has also used its ‘High 5’ operational priorities as a platform to continue the issuance of theme bonds, including an inaugural ‘Integrate Africa’ bond, a ‘Feed Africa’ bond awarded Asia Pacific Deal of the Year by mtn-i, more than forty ‘Improve the Quality of the Life for the People of Africa’ bonds, and two taps of its ‘Light Up and Power Africa’ bond.
The Bank is keen to innovate to diversify its product range and, as the financial markets continue to look to a future after Libor, was able to combine innovation with its social responsibility program and issue the first ever Green SOFR-linked bond, in November.
The African Development Bank will continue to promote the development of African Capital markets with the issue of local currency denominated debt to facilitate the financing of its local currency operations, alongside other initiatives.
TANZANIA TAXMAN TARGETS PETTY TRADERS TO RAISE REVENUE
Clothes on sale at the Kariakoo market in Dar es Salaam. Tanzania mainland has an estimated four million petty traders “machingas” who do business in the 26 political and administrative regions. |
The system, announced by President John Magufuli, will be monitored by the Tanzania Revenue Authority.
It targets traders whose business capital does not exceed Tsh4 million ($ 1,900).
Data from the National Bureau of Statistics shows that Tanzania mainland has an estimated four million petty traders popularly known as “machingas,” who do business in the 26 political and administrative regions.
Most of the traders hawk goods including food or sell from stalls.
President Magufuli handed over the first bundle of 670,000 identity cards to the 26 regional commissioners for distribution.
The total value of the cards if distributed successfully would earn the government Tsh13.4 billion ($5.6 million).
The money would be paid directly to TRA through its tax collectors.
While handing over the ID cards, President Magufuli asked the regional commissioners to work alongside the district and municipal councils and to desist from harassing the traders since they are now recognised by the government.
EAC HEADS OF STATE SUMMIT IN ARUSHA CANCELLED, AGAIN
Signs of widening cracks among East African Community (EAC) member states have emerged after a heads of state summit was cancelled for the second time in three weeks.
The meeting of the presidents of Kenya, Tanzania, Uganda, Rwanda, Burundi and South Sudan, which was slated for December 27 in Arusha, has been pushed to a later date.
“It is now official. The summit will not take place on December 27,” Mr Christophe Bazivamo, the EAC deputy secretary-general in charge of production and social sectors, told The Citizen.
He said the date and venue of the twice postponed 20th summit will be communicated to partner states at a later date.
The ministerial segment of the summit which was to begin today (Thursday), he said, has been put off indefinitely.
Unconfirmed reports within EAC circles had it that the meeting was likely to be held anytime from February or March next year.
The meeting of the presidents of Kenya, Tanzania, Uganda, Rwanda, Burundi and South Sudan, which was slated for December 27 in Arusha, has been pushed to a later date.
“It is now official. The summit will not take place on December 27,” Mr Christophe Bazivamo, the EAC deputy secretary-general in charge of production and social sectors, told The Citizen.
He said the date and venue of the twice postponed 20th summit will be communicated to partner states at a later date.
The ministerial segment of the summit which was to begin today (Thursday), he said, has been put off indefinitely.
Unconfirmed reports within EAC circles had it that the meeting was likely to be held anytime from February or March next year.
RAIS DKT. JOHN POMBE MAGUFULI AWEKA JIWE LA MSINGI UJENZI WA UPANUZI WA BARABARA YA MOROGORO KUANZIA KIMARA – KIBAHA YENYE UREFU WA KM 19.2 ITAKAYOJENGWA NJIA NANE KWA KIWANGO CHA LAMI
Muonekano wa barabara ya Morogoro ambayo ipo katika hatua za ujenzi kuanzia Kimara hadi Kibaha yenye Urefu wa Kilometa 19.2. |
Muonekano wa barabara ya Morogoro ambayo ipo katika hatua za ujenzi Kuanzia Kimara hadi Kibaha yenye Urefu wa Kilometa 19.2. |
ANOTHER IMPRESSIVE LEAP AS PRESIDENT JOHN MAGUFULI LAYS A FOUNDATION STONE FOR A 140.5BN/- WORTH LANE BETWEEN KIMARA AND KIBAHA
A swelling population, coupled with rural-urban migration which places Dar es Salaam on the list of the fastest growing cities in Africa, requires massive investments in improving infrastructure to cope, president John Magufuli affirmed on Wednesday.
Read More >>
Read More >>
Thursday, 20 December 2018
NBC HOLD CUSTOMER EVENT DUBBED "CELEBRATE BUSINESS RELATIONS"
CRDB BANKS'S MANAGING DIRECTOR, ABDULMAJID NSEKELA VOTED NEW TANZANIA BANKERS ASSOCIATION CHAIRMAN
Wednesday, 19 December 2018
FASTJET ACQUIRES BOEING 737-500 AIRPLANE, ARRIVES IN DAR SATURDAY
In Summary
- Fastjet-Tanzania is taking in a fresh breath of air on the road to recovery. It has announced plans to acquire four new planes, including three Boeing 737-500 and a Bombardier.
- The first Boeing 737-500 is slated to be delivered in Dar es Salaam this Saturday.
CBA/NIC MERGER WOULD CREATE THIRD-LARGEST BANK
An NIC Bank branch on Kenyatta Avenue in Nairobi. NIC and CBA have announced that they are engaged in merger talks. |
Whether the new bank will be listed on the Nairobi Securities Exchange — since the proposed merger is between listed NIC Bank and non-listed CBA — depends on consent between the two lenders.
“That is a decision to be made by the two entities. They have just started discussions and we have not heard from them yet. There are a lot of procedures, consultations and processes to be followed. But it is our desire that they be listed,” said NSE chief executive Geoffrey Odundo.
If successful, the merger between the two mid-tier banks would create the country’s third-largest bank by assets at Ksh444 billion ($4.44 billion) with a customer base of 38 million.
The new bank would be in a pole position to wrestle the likes of KCB, Equity and Co-op Bank in the scramble for government deposits and securities.
Co-op Bank would move from third to fourth position in terms of asset base.
WHY INTEREST RATES ON LOANS PLUNGED
Bank of Tanzania reports have shown a declining trend in interest rates charged on loans and offered to deposits by Commercial Banks since the start of this year.
NIGERIA'S ACCESS BANK TO BUY RIVAL DIAMOND BANK TO CREATE AFRICA'S BIGGEST BANK
LAGOS, Dec 17 (Reuters) - Nigeria’s Access Bank has agreed to takeover mid-tier rival Diamond Bank, the lenders said on Monday, in a deal both said would create Africa’s largest bank by customers.
Nigerian banks have been trying to raise fresh capital after huge loan losses worsened by an economy that is recovering from its first recession in 25 years.
U.S. private equity firm Carlyle owns a 17.75 percent stake in Diamond Bank which it bought for $147 million in 2014 when the bank was trading at 0.6 times book value as against 0.15 times now.
“The board of Access Bank PLC today announces it has signed a memorandum of agreement with Diamond Bank PLC regarding a potential merger of the two banks that will create Nigeria and Africa’s biggest bank by customers,” Access Bank said in a statement to the Nigerian stock exchange.
As part of the deal, Diamond Bank said its shareholders would receive 3.13 naira per share, comprising of 1.00 naira per share in cash and the allotment of 2 New Access Bank ordinary shares for every 7 Diamond Bank ordinary shares.
DAR SKY READIES FOR AIRBUS PLANES
If all goes well, Tanzania is set to receive the first Airbus 220-300 series by Sunday this week to be operated by the country's flag bearer, Air Tanzania Company Limited (ATCL), which is undergoing major reforms to regain its glory.
BANCABC SPONSORS TANZANIA WOMEN CHAMBER OF COMMERCE MEETING
BancABC Tanzania, which is part of Atlas Mara, a London listed entity sponsored a monthly breakfast meeting of the Tanzania Women Chamber of Commerce (TWCC) which has brought together more than 250 business women. The monthly breakfast meeting brings together business women of the chamber from Tanzania Mainland and Zanzibar to discuss ways and challenges affecting women doing business.
Speaking today in Dar es Salaam during the breakfast meeting, the BancABC Tanzania Head of Digital and Alternative Channels Silas Matoi said the bank understand the role of women business in promoting the economy of our country and that BancABC is committed in promoting women’s empowerment and that is why we have partnered with the Tanzania Women Chamber of Commerce in this monthly breakfast meeting.
Speaking today in Dar es Salaam during the breakfast meeting, the BancABC Tanzania Head of Digital and Alternative Channels Silas Matoi said the bank understand the role of women business in promoting the economy of our country and that BancABC is committed in promoting women’s empowerment and that is why we have partnered with the Tanzania Women Chamber of Commerce in this monthly breakfast meeting.
AIR TANZANIA'S FIRST AIRBUS A220-300 (BCS3) DEPARTING, GO AROUND & LANDING IN MONTREAL (YMX/CYMX)
Here we have Air Tanzania's very first A220-300! Although i just posted one very recently, i really liked this shot and couldn't resist to post another.. plus its a gorgeous livery on a beautiful plane who would say no to that? :P
I heard this was the last test flight for the aircraft before customer acceptance flight and then delivery. I plan to catch its delivery!
I hope you ENJOY this beauty
Facebook Page: https://www.facebook.com/AviationCYUL
Twitter: https://twitter.com/Mark__Brandon (@Mark__Brandon)
Flickr: https://www.flickr.com/photos/cyulpla... (Mark Brandon)
Instagram: https://www.instagram.com/mark__brandon/
Email: MarkBrandonyt@gmail.com
ATC Included!
Airport: Montreal's Mirabel Intl airport - YMX/CYMX
Airline: Air Tanzania / Bombardier
Aircraft: Airbus A220-300 / Bombardier CS300 Cseries (BCS3)
Flight: BBA547
Callsign: Bombardier 547
Registration: C-FOWU (To be 5H-TCH)
Livery: Air Tanzania!
Runways used: 24 / 06
Date: Dec 15 2018
Origin/ Destination: Montreal's Mirabel Intl airport - YMX
AIR TANZANIA'S FIRST AIRBUS A220-300 (BCS3) IN ACTION IN MONTREAL (YMX/CYMX)
WOW! Air Tanzania's very first CS300 is finally flying... Here we have to be 5H-TCH performing a touch and go, 2 missed approaches and a go around before landing and heading back to Bombardier.
Air Tanzania is officially the first African airline to get the A220. I hope you ENJOY the video!
Facebook Page: https://www.facebook.com/AviationCYUL
Twitter: https://twitter.com/Mark__Brandon (@Mark__Brandon)
Flickr: https://www.flickr.com/photos/cyulpla... (Mark Brandon)
Instagram: https://www.instagram.com/mark__brandon/
Email: MarkBrandonyt@gmail.com
ATC Included!
Airport: Montreal's Mirabel Intl airport - YMX/CYMX
Airline: Air Tranzania (Opt. Bombardier Aerospace)
Aircraft: Airbus A220-300 / CS300 (BCS3) - Cseries
Flight: BBA537
Callsign: Bombardier 537
Registration: C-FOWU (To be 5H-TCH)
Livery: Air Tanzania
Runways used: 06
Date: Dec 13 2018
Origin/ Destination: Montreal Mirabel - YMX
FACEBOOK'S CATASTROPHIC YEAR HAS CAUSED MARK ZUCKERBERG TO LOSE MORE MONEY THAN ANY OF THE WORLD'S OTHER 500 RICHEST BILLIONAIRES
Facebook CEO Mark Zuckerberg. |
- Mark Zuckerberg's net worth took a major hit this year after scandals plagued Facebook.
- Zuckerberg's wealth took its biggest nosedive after Facebook's disastrous second-quarter earnings were announced in July.
- Time magazine's Money reports that he is set to lose the most money this year of any of the world's 500 richest people.
Zuckerberg began the year with about $75 billion, but, according to Bloomberg's Billionaire Index, he was worth about $56 billion on Monday. That's a $19 billion drop.
Zuckerberg owns a 13% stake in Facebook, which this year has been beset by crises including the Cambridge Analytica scandal, accusations of mismanagement, a shareholder revolt, and questions over inappropriate content.
Tuesday, 18 December 2018
BENKI YA CBA NA VODACOM WAKABIDHI ZAWADI ZA BAJAJI MPYA TANO (5) KWA WASHINDI WA PROMOSHENI YA SHINDA NA M-PAWA
ASSOCIATION OF TANZANIA EMPLOYERS (ATE) EMPLOYER OF THE YEAR AWARDS 2018 A MASSIVE SUCCESS BY THE GOVERNMENT
BENKI YA NBC YATOA ELIMU YA KIFEDHA KWA MAMA NA BABA LISHE SOKO LA FERI
Mama lishe wa Soko la Kivukoni wakibeba pia la kuwekea takataka muda mfupi baada ya kukabidhiwa na benki ya NBC sokoni hapo juzi. |
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