TIGO'S IPO PROCESS IN FINAL STAGES

TIGO Tanzania, a unit of Millicom International Cellular, is now finalising its initial public offer (IPO) plans on the Dar es Salaam Stock Exchange (DSE) to go public next month.

The Principle Public Relations Manager of the Capital Markets and Securities Authority (CMSA), Charles Shirima, said Tigo was now at an advanced stage to fulfil conditions for the IPO to become the second telecom to list on the DSE, after Vodacom raised 476bn/- in a successful IPO in 2017.

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PRESIDENT MAGUFULI: OUR ARE PRECIOUS TIES, PLEDGES TO WORK CLOSELY WITH RAMAPHOSA TO SUSTAIN THEM

President John Magufuli and South African President Cyril Ramaphosa share a light moment after the handover of Kiswahili language tuition books at the State House in Pretoria on Sunday. Looking on is the Tanzania Minister for Foreign Affairs and East African Cooperation, Prof. Palamagamba Kabudi. 

President John Magufuli on Sunday held talks with his South African counterpart, Cyril Ramaphosa, a day after the latter was sworn in as the fifth President of the Southern African nation.

Dr. Magufuli congratulated Mr. Ramaphosa for taking the oath of office, pledging that Tanzania would closely work with him in maintaining the historical and brotherly relationship between the two nations.

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VACANCY ANNOUNCEMENT AT THE ARIEL GLASER PEDIATRIC AIDS HEALTHCARE INITIATIVE (AGPAHI)

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SAFARICOM, VODACOM PLAN $13 MILLION PURCHASE OF M-PESA RIGHTS FROM VODAFONE

NAIROBI (Reuters) - Kenya’s Safaricom will start a joint venture with Vodacom to acquire the intellectual property rights to the popular M-Pesa mobile financial services platform from Britain’s Vodafone, Safaricom’s CEO said on Thursday.

The 12 million euro ($13.4 million) deal will let both purchasers make significant savings in royalties paid to Vodafone and expand the service to new African markets, said Bob Collymore, Safaricom’s CEO.

“We are taking ownership of M-Pesa, the brand and the intellectual property. Joint ownership between us and Vodacom and we then use that as a platform into running into other markets across the continent,” Collymore told Reuters in an interview.

Safaricom, the most profitable company in East Africa, pays 2 percent of its annual M-Pesa revenue to Vodafone. Revenue from M-Pesa stood at 75 billion shillings ($741 million) in Safaricom’s financial year to the end of March.

Vodacom, a South African operator which owns 35 percent of Safaricom, pays 5 percent in an intellectual property fee to Vodafone from its M-Pesa business, which is mainly in Tanzania.

“More important than the significant savings is about us determining the future, the roadmap of M-Pesa because at the moment the roadmap is determined by Vodafone,” Collymore said.

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VODACOM JOIN HANDS WITH AMANA BANK TO LAUNCH AN ISLAMIC MOBILE SAVING PRODUCT- HALAL PESA

Vodacom Tanzania Director of M-Commerce, Epimack Mbeteni (L) and Amana Bank Managing Director, Dr. Muhsin Masoud launching Halal Pesa, a new and innovative M-Pesa mobile service that adheres to Islamic laws on earning profits in Dar es Salaam, over the weekend. The product is the first-to-market innovative product that ensures all citizens have access to formal micro-savings and investment solutions which adheres to Islamic laws. 

Vodacom Tanzania Director of M-Commerce, Epimack Mbeteni (C) and Amana Bank Managing Director, Dr. Muhsin Masoud (2nd R) launching Halal Pesa, a new and innovative M-Pesa mobile service that adheres to Islamic laws on earning profits in Dar es Salaam, over the weekend.

Vodacom Tanzania in partnership with Amana Bank has launched a new M-Pesa mobile service dubbed “Halal Pesa”. ‘Halal’, which means ‘lawful’ is a fitting statement to this first-to- market innovative saving product that ensures all citizens and Muslims have access to a formal micro-savings and investment solution which adheres to Islamic laws on earning halal profits. The launch ceremony took place at Serena hotel, Dar es Salaam and was attended by Muslims and other Telco’s customers.

The launch of Halal Pesa plays a key role in Vodacom’s strategy to become a key contributor in the rapidly growing Islamic Finance sector, as the product targets to service more than three quarter of the total Muslim population in the country through M-Pesa, where they will be able to save money and gain profit with incurring interest.

Speaking during the launch ceremony, Vodacom Head of M-Pesa department, Tulisindo Rashid said “Our decision to launch Halal-Pesa is a direct response to feedback from our customers that they want their digital financial services needs met within Shariah principles. For a long time, the Muslim population has been in need of a mobile financial saving system which is tied to the pillars of Islamic faith, and hence this is a solution that will allow Muslim customers to achieve their financial goals while cementing their faith by abiding to sharia laws”.

BALOZI SEIF ALI IDD AWAONGOZA WATEJA WA BENKI YA CRDB KATIKA IFTAR ILIYOANDALIWA ZANZIBAR

Makamu wa Pili wa Rais wa Serikali ya Mapinduzi Zanzibar, Balozi Seif Ali Idd akilakiwa na Mkurugenzi Mtendaji wa Benki ya CRDB, Abdulmajid Nsekela (kushoto) wakati alipowasili katika hafla ya Iftar iliyoandaliwa na Benki ya CRDB kwa Wateja wake, iliyofanyika hive karibuni kwenye hoteli ya Velde, Unguja Zanzibar. Kulia ni Mkuu wa Mkoa wa Mjini Magharibi, Ayoub Mohammed Mahmoud. 

Mkurugenzi Mtendaji wa Benki ya CRDB, Abdulmajid Nsekela (katikati) akimtambulisha kwa Makamu wa Pili wa Rais wa Serikali ya Mapinduzi Zanzibar, Balozi Seif Ali Idd (wa pili kulia), Naibu Mkurugenzi Mtendaji wa Benki hiyo, Dkt. Joseph Witts wakati alipowasili katika hafla ya Iftar iliyoandaliwa na Benki ya CRDB kwa Wateja wake, iliyofanyika hivi karibuni kwenye hoteli ya Velde, Unguja Zanzibar. Kulia ni Mkuu wa Mkoa wa Mjini Magharibi, Ayoub Mohammed Mahmoud na kushoto ni Mkurugenzi wa Huduma Mbadala wa Benki ya CRDB, Philip Alfred.

Makamu wa Pili wa Rais wa Serikali ya Mapinduzi Zanzibar, Balozi Seif Ali Idd akisalimiana na Mkurugenzi wa Huduma Mbadala wa Benki ya CRDB, Philip Alfred (kushoto) wakati alipowasili katika hafla ya Iftar iliyoandaliwa na Benki ya CRDB kwa Wateja wake, iliyofanyika hivi karibuni kwenye hoteli ya Velde, Unguja Zanzibar. Kulia ni Mkuu wa Mkoa wa Mjini Magharibi, Ayoub Mohammed Mahmoud.

Makamu wa Pili wa Rais wa Serikali ya Mapinduzi Zanzibar, Balozi Seif Ali Idd, Mkuu wa Mkoa wa Mjini Magharibi, Ayoub Mohammed Mahmoud pamoja na Mkurugenzi Mtendaji wa Benki ya CRDB, Abdulmajid Nsekela wakielekea sehemu maalum iliyokuwa imetengwa kwaajili ya ibada ya Magharibi. 

Makamu wa Pili wa Rais wa Serikali ya Mapinduzi Zanzibar, Balozi Seif Ali Idd akizungumza jambo na Mkurugenzi Mtendaji wa Benki ya CRDB, Abdulmajid Nsekela kabla ya kufanyika kwa ibada ya Magharibi, katika hafla ya Iftar iliyoandaliwa na Benki ya CRDB kwa Wateja wake, iliyofanyika hivi karibuni kwenye hoteli ya Velde, Unguja Zanzibar.

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MINERAL EARNINGS ON THE RISE

Revenues from the country's mineral resources are on the rise, thanks to government's efforts to curb smuggling and strengthen the Mining Commission's capacity.

In fact, the government decision in March 2017 to ban export of mineral concentrates has led to increased mineral production and exports.

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VICE PRESIDENT BOLSTERS BAN ON PLASTIC BAGS, OUTLAWS NYLONS

Hardly four days before the ban on nylon bags comes effective, Vice-President, Samia Suluhu Hassan yesterday outlawed ice cream / corn nylon packages. 

She has also ruled out the possibility of any extension of time for the June 1, 2019 ban on plastic carriage bags.

"The Government position on the ban remains intact... there is no extension of time. The use of packages for ice creams and Kandoro water are also strictly forbidden because the bags are easily carried-up with wind, contaminating the environment."

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RAIS MHE. DKT. JOHN POMBE MAGUFULI AKUTANA NA KUFANYA MAZUNGUMZO NA RAIS WA AFRIKA KUSINI MHE. CYRIL RAMAPHOSA KATIKA IKULU YA PRETORIA NCHINI AFRIKA KUSINI IKIWA NI SIKU MOJA MARA BAADA YA KUAPISHWA NA KABLA YA KUTEUA BARAZA LAKE LA MAWAZIRI MEI 26, 2019

Rais wa Jamhuri ya Muungano wa Tanzania Mheshimiwa Dkt. John Pombe Magufuli akisalimiana na Rais wa Afrika Kusini Mheshimiwa Cyril Ramaphosa mara baada ya kuwasili katika Ikulu ya Pretoria nchini Afrika Kusini Mei 26, 2019 ikiwa ni siku moja baada ya kuapishwa kuwa Rais wa Nchi hiyo na kabla hajateua Baraza lake la Mawaziri.

Rais wa Jamhuri ya Muungano wa Tanzania Mheshimiwa Dkt. John Pombe Magufuli akisalimiana na Rais wa Afrika Kusini Mheshimiwa Cyril Ramaphosa mara baada ya kuwasili katika Ikulu ya Pretoria nchini Afrika Kusini Mei 26, 2019 ikiwa ni siku moja baada ya kuapishwa kuwa Rais wa Nchi hiyo na kabla hajateua Baraza lake la Mawaziri.

Rais wa Jamhuri ya Muungano wa Tanzania Mheshimiwa Dkt. John Pombe Magufuli akimpa zawadi ya picha ya wanyama Rais wa Afrika Kusini Mheshimiwa Cyril Ramaphosa baada ya kuwasili katika Ikulu ya Pretoria nchini Afrika Kusini Mei 26, 2019 ikiwa ni siku moja baada ya kuapishwa kuwa Rais wa Nchi hiyo na kabla hajateua Baraza lake la Mawaziri.

Rais wa Jamhuri ya Muungano wa Tanzania Mheshimiwa Dkt. John Pombe Magufuli akimkabidhi zawadi ya Kamusi ya Kiswahili na Kingereza pamoja na Vitabu vya Kiswahili Rais wa Afrika Kusini Mheshimiwa Cyril Ramaphosa kwa ajili ya kujifunza lugha hio ya Kiswahili Mei 26, 2019 ikiwa ni siku moja baada ya kuapishwa kuwa Rais wa Nchi hiyo na kabla hajateua Baraza lake la Mawaziri.

Rais wa Jamhuri ya Muungano wa Tanzania Mheshimiwa Dkt. John Pombe Magufuli akimpongeza Rais wa Afrika Kusini Mheshimiwa Cyril Ramaphosa mara baada ya mazungumzo yao katika Ikulu ya Pretoria nchini Afrika Kusini Mei 26, 2019 ikiwa ni siku moja baada ya kuapishwa kuwa Rais wa Nchi hiyo na kabla hajateua Baraza lake la Mawaziri.

Rais wa Jamhuri ya Muungano wa Tanzania Mheshimiwa Dkt. John Pombe Magufuli akiwa katika mazungumzo na Rais wa Afrika Kusini Mheshimiwa Cyril Ramaphosa mara baada ya kuwasili katika Ikulu ya Pretoria nchini Afrika Kusini Mei 26, 2019 ikiwa ni siku moja baada ya kuapishwa kuwa Rais wa Nchi hiyo na kabla hajateua Baraza lake la Mawaziri.

Rais wa Jamhuri ya Muungano wa Tanzania Mheshimiwa Dkt. John Pombe Magufuli akiwa katika mazungumzo na Rais wa Afrika Kusini Mheshimiwa Cyril Ramaphosa mara baada ya kuwasili katika Ikulu ya Pretoria nchini Afrika Kusini Mei 26, 2019 ikiwa ni siku moja baada ya kuapishwa kuwa Rais wa Nchi hiyo na kabla hajateua Baraza lake la Mawaziri.

Rais wa Jamhuri ya Muungano wa Tanzania Mheshimiwa Dkt. John Pombe Magufuli akiwa pamoja na mwenyeji wake Rais wa Afrika Kusini Mheshimiwa Cyril Ramaphosa wakati akizungumza na wanahabari Pretoria nchini Afrika Kusini Mei 26, 2019 ikiwa ni siku moja baada ya kuapishwa kuwa Rais wa Nchi hiyo na kabla hajateua Baraza lake la Mawaziri.

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CLYDE & CO UPDATER - NEW REGULATIONS ON MORTGAGING LAND

This finance briefing provides an update on our brief notes of January 2018 and March 2018 that focused on the amendments to the Land Act, 1999 (the Land Act) which were introduced in the Written Laws (Miscellaneous Amendments) (No. 5) Bill, 2017 and the Written Laws (Miscellaneous Amendments) (No. 1) Act, 2018 (the Act).

In addition to the above, this article provides a review of the additional provisions and amendments introduced by the Land (Procedure For Mortgage of Land) Regulations, 2019 (the Regulations).

These are some of the additions and amendments that have been made in the Regulations:

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RAIS DKT. JOHN POMBE MAGUFULI AONDOKA NCHINI NA KUWASILI NCHINI AFRIKA KUSINI KWAAJILI YA SHEREHE YA UAPISHO WA RAIS MTEULE WA NCHI HIYO MHE. CYRIL RAMAPHOSA

Rais wa Jamhuri ya Muungano wa Tanzania Mheshimiwa Dkt. John Pombe Magufuli akizungumza jambo na Rais mstaafu wa awamu ya nne Mhe. Dkt. Jakaya Mrisho Kikwete wakiwa kwenye ndege ya Shirika la ndege la Tanzania (Air Tanzania) wakielekea Nchini Afrika Kusini kwaajili ya Sherehe za Uapisho wa Rais Mteule wa nchi hiyo Mhe. Cyril Ramaphosa ambaye anatarajiwa kuapishwa Mei 25, 2019.

Rais wa Jamhuri ya Muungano wa Tanzania Mheshimiwa Dkt. John Pombe Magufuli akiwasili katika Uwanja wa ndege wa Kimataifa wa OR Tambo Nchini Afrika Kusini kwaajili ya kuhudhuria Sherehe za Uapisho wa Rais Mteule wa nchi hiyo Mhe. Cyril Ramaphosa ambaye anatarajiwa kuapishwa Mei 25, 2019.

Rais wa Jamhuri ya Muungano waTanzania Mheshimiwa Dkt. John Pombe Magufuli akiwasili katika Uwanja wa ndege wa Kimataifa wa OR Tambo Nchini Afrika Kusini kwaajili ya kuhudhuria Sherehe za Uapisho wa Rais Mteule wa nchi hiyo Mhe. Cyril Ramaphosa ambaye anatarajiwa kuapishwa Mei 25, 2019.

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EXIM BANK TANZANIA ORGANISES AN IFTAR DINNER FOR CUSTOMERS IN DAR ES SALAAM

Exim Bank’s Head of Retail banking Mr. Andrew Lyimo, (in black coat) attends to some of the bank’s retail customers during an Iftar banquet organized by the bank for its clients in Dar es Salaam recently.

Exim Bank’s Head of Retail banking Mr. Andrew Lyimo, (in black coat) attends to some of the bank’s retail customers during an Iftar banquet organized by the bank for its clients in Dar es Salaam recently.

Exim Bank’s Head of Retail banking Mr. Andrew Lyimo, (right) addresses invited guests during an iftar hosted by the bank for its retails customers in Dar es Salaam recently.

One of the Exim bank customers from Ahmadiyya Muslim Jamaat Tanzania, Mr Abdulrahman Mohamed Ame gives a word of thanks on behalf of the bank’s customers during an iftar hosted by the bank for its retails customers in Dar es Salaam recently.

JULIUS NYERERE INTERNATIONAL AIRPORT TERMINAL III READY

Construction of a new state-of-the-art Terminal III of Julius International Airport (JNIA) in Dar es Salaam has been completed and the contractor is set to hand it over to Tanzania Airports Authority (TAA) by end of this month.

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PRESIDENT JOHN MAGUFULI; ALL STATE-OWNED ENTITIES TO GIVE DIVIDENDS BY JULY 2019

President John Magufuli displays a 2.1bn/- dummy cheque as dividends presented to him by TTCL Corporation Board Chairman, Omary Nundu (second right), during a ceremony held in Dar es Salaam yesterday. Left is Chairman of the Parliamentary Committee on Infrastructure, Moshi Kakoso, TTCL Corporation Director General, Waziri Kindamba and Minister of Works, Transport and Communications, Eng. Isack Kamwele.

President John Magufuli yesterday ordered State-owned entities to give dividends to the government by the end of July this year. He also directed the Treasury Registrar to write to all 253 parastatal companies in which the Government has ownership of shares to implement the legal requirement of giving dividends in two months time from now.

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VODACOM LEADS MARKET SHARE DESPITE LOSING GRIP

Vodacom's market share has gone down by 6% to 39% last year mostly on account of Halotel entrance into the market. The Tanzania giant telco, though continued to be a market leader despite the drop from 45% to 39% last year.

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TIRA OFFERS AWARDS TO BOOST INSURANCE PENETRATION

The Tanzania Insurance Awards 2019 steering committee member, who is also the President of the Insurance Institute of Tanzania (IIT), Bosco Bugali, speaks to reporters when announcing judges and award categories during the inaugural insurance award ceremony held in Dar es Salaam yesterday. The award giving ceremony, which goes with the theme; "Rewarding Insurance Excellence in Tanzania", will be held in September in Mwanza. Centre is Commissioner of Insurance of the Tanzania Insurance Regulatory Authority (TIRA), Dr. Baghayo Abdallah Saqware and judging committee Vice-Chairperson, Rajabu Kakusa

The Tanzania Insurance Regulatory Authority (TIRA) has launched the first ever Excellence Awards.

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NMB BANK PLC - NOTICE OF ANNUAL GENERAL MEETING

TANZANIAN AMBASSADOR TO CANADA SWORN IN

President John Magufuli looks on as former Permanent Secretary Dr. Mpoki Ulisubisya makes the Public Servant's ethical conduct pledge, shortly after swearing him in as Tanzania's High Commissioner to Canada at State House in Dar es Salaam on Monday.

HALOTEL TANZANIA AND VISA IN STRATEGIC PARTNERSHIP

Halotel Tanzania Deputy Managing Director, Nguyen Tien Dung (right) and VISA Country Manager, Olive Njoroge (left) exchange signed strategic partnership documents in Dar es Salaam on Monday, which will enable VISA on mobile payments on Halotel's HaloPesa wallet in the country. The partnership enables HaloPesa's subscribers to use VISA on mobile to make merchant payments and conduct cash deposits and withdrawals at VISA agents. Looking on (centre) is HaloPesa Head of Business, Magesa Wandwi. 

HALOTEL, VISA WAUNGANA KUWEZESHA MALIPO SALAMA KWA NJIA YA SIMU TANZANIA

Naibu Mkurugenzi wa kampuni ya Halotel, Nguyen Tien Dung akiongea na waandishi wa Habari wakati wa uzinduzi wa huduma ya HALOPESA VISA ON MOBILE katika makao makuu ya Ofisi za Halotel Dar es salaam. Huduma hiyo itawawezesha wateja wote wa Halopesa kuweza kulipia bidhaa, au kufanya miamala ya kifedha kupitia Visa. Kushoto ni Mkurugenzi wa Visa Nchini Tanzania Olive Njoroge, kulia ni Mkuu wa kitengo cha Halopesa Magesa Wandwi.

Naibu Mkurugenzi wa kampuni ya Halotel Nguyen Tien Dung, Mkurugenzi wa Visa nchini Tanzania Olive Njoroge, kwa pamoja wa akisaini Mkataba wa makubaliano ya ushirikiano wa kibiashara kati ya Halopesa na Visa. Akishuhudia, Kulia ni Meneja Kitengo cha biashara Halopesa Magesa Wandwi.

Naibu Mkurugenzi wa kampuni ya Halotel Nguyen Tien Dung na Mkurugenzi wa Visa nchini Tanzania Olive Njoroge wakikabidhiana mkataba wa makubaliano ya ushirikiano wa kibiashara kati ya Halopesa na Visa, ambapo wateja wa Halopesa nchini wataweza kulipia bidhaa na kufanya miamala ya kupitia Visa.

Afisa wa kitengo cha malipo ya kidigitali Halopesa, Emmanuel Mwaisoloka (Kushoto) akilipia bidhaa dukani kupitia Halopesa Visa on Mobile ikiwa ni mfano jinsi mteja yeyote wa Halopesa anavyoweza kulipia bidhaa kupitia Halopesa Visa on Mobile.

Idadi ya watumiaji wa Halopesa imeongezeka kwa asilimia 71.76 katika kipindi cha mwaka 2018. Kampuni ilifunga mwaka 2017 ikiwa na jumla watumiaji wa Halopesa wapatao 780,000. Idadi hiyo imeongezeka Kwa kiasi kikubwa hadi kufikia jumla ya watumiaji milioni 1.3 mwishoni mwa mwaka 2018.

Kampuni za Halotel Tanzania na Visa zimesaini mkataba wa kimkakati ambao utawawezesha watumiaji wa Halopesa kufanya malipo kwa njia ya Visa kupitia simu zao.

Ushirikiano kati ya kampuni hizo utawezesha watumiaji wa Halopesa kutumia huduma ya Visa kwenye simu zao kwa kufanya malipo ya bidhaa na kuweka pesa na kutoa kwa mawakala wa huduma ya Visa.

CRDB BANK TARGETS MEGA PROJECTS FINANCING

CRDB Bank focuses on financing large infrastructure projects and its mobile phone banking customers to boost its profitability.

The Bank's CEO, Abdulmajid Nsekela, said the banking environment is fast changing and as the largest lender, maintaining its pole position was of paramount importance.

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