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.
Wednesday, 30 October 2019
KENYA: SAFARICOM PAVES THE WAY FOR ITS NEW CEO
Peter Ndegwa, Safaricom's new boss, may be celebrating with a bottle of Senator, the affordable beer he introduced to the Kenyan market. |
Safaricom announced Ndegwa’s appointment on 24 October. The managing director of Diageo Continental Europe, he will take over in April 2020 as Safaricom’s third chief executive, following the late Bob Collymore, who served from 2010 to July 2019.
The announcement marks the end of a two-year search for a new chief executive. At the heart of the succession debate within the Safaricom board was the issue of nationality, as Safaricom’s two CEOs since inception have been foreigners who eventually took up Kenyan citizenship.
Running Kenya’s most profitable company will be a new challenge for Ndegwa, a Kenyan citizen who has spent the past 15 years in the alcoholic beverages industry.
- He joined Diageo group subsidiary East African Breweries in 2004 after an 11-year career in accounting firm PwC and has been managing director of Diageo Continental Europe since July 2018. He previously served as CEO for Guinness Nigeria and Guinness Ghana.
- Perhaps to show Ndegwa’s suitability and understanding of the local market, Safaricom chairman Nicholas Nganga pointed out in a profile sent to newsrooms that the Kenyan “is credited with the development of an affordable-beer strategy for EABL resulting in the production of new brands such as Senator beer. Senator beer became one of the most successful innovations by Diageo that has been featured in the Harvard Business Review.”
PUMA ENERGY, SELCOM AND MASTERCARD PARTNER TO INCENTIVISE DIGITAL PAYMENTS
Dar es Salaam, Tanzania: Puma Energy, Selcom and Mastercard in continued collaboration have launched a joint campaign themed on “Bomba Weekends”, that looks to reward consumers with up to 5% cash-back when they fill up at Puma Energy stations and pay via Mastercard QR.
The campaign will run for 11 weeks, every Friday through Sunday from 4-6pm rewarding customers who choose to go cashless across Puma’s countrywide network of 52 filling stations. Besides the consumer reward objective, the campaign looks to bolster the government’s efforts in formalising payments and transforming the country’s cash driven economy to a cashless economy while supporting Tanzania’s financial inclusion objectives.
The campaign will run for 11 weeks, every Friday through Sunday from 4-6pm rewarding customers who choose to go cashless across Puma’s countrywide network of 52 filling stations. Besides the consumer reward objective, the campaign looks to bolster the government’s efforts in formalising payments and transforming the country’s cash driven economy to a cashless economy while supporting Tanzania’s financial inclusion objectives.
BARCLAYS BANK CONTINUES TO INVEST IN TANZANIA’S KEY GROWTH SECTORS AS THE BANK TRANSITIONS INTO ABSA
Barclays Bank Tanzania Managing Director, Abdi Mohamed addresses participants during the bank’s Corporate Clients Economic Forum held in Dar es Salaam recently. |
The event was not only a platform to appreciate the continued support of its customers but was also used to provide an opportunity for clients to join BBT in its transition journey and be informed of the expected milestones as the Bank prepares to rebrand into Absa.
10 HABITS OF WEAK, UNSUCCESSFUL PEOPLE TO AVOID
Success is not as easy as copying others. |
- Success isn't about copying other people's habits, or following one prescriptive path. The surest way to find success is to avoid being unsuccessful.
- Unsuccessful people aren't able to focus on the present, instead constantly distracted by what's to come or what's already happened.
- They only listen to themselves, and don't take the opportunity to learn or try new things.
I never met a successful person until I was 24. I grew up in a working-class family — I was more around people who were the opposite.
The first successful person I met was an entrepreneur in his 40s. When I started my first real business, he was one of my first clients. When I met him, he was slightly overweight, had more money than he could count, and was merry all the time.
But he also lost his wife, the love of his life, a half decade before. We became friends. He told me that he never got over it. Even though he experienced tragedy, he still had a positive outlook on life and did good things.
He truly cared about others. I have to be honest, my first business wasn't great, but he still gave me a chance to do business with him. He always said: "I just try to avoid being unsuccessful." That's the number one thing I learned from him. He said that you should study what makes you unsuccessful, unhappy, broke, fat, stupid. Then, eliminate those things out of your life.
TIGO TANZANIA - ZANTEL MERGER SET TO IMPROVE TANZANIA’S TELECOMMUNICATION SECTOR
By Ben Ndunguru, UDSM
The telecommunications sector in Tanzania has grown considerably in the last decade.
During this time, networks have expanded and mobile connectivity has become an everyday service for many Tanzanians, accessible to the majority rather than just the privileged few. This progress continues today as companies innovate and bring new products and offerings to their customers.
As a result, these companies have gone beyond providing us with a way of communicating with family and friends and have revolutionised the we save money, pay our bills and carry out our daily lives.
A good example is that of Tigo Tanzania. Tigo’s mobile-money service, Tigo Pesa, allows customers to send and receive money, without needing to travel and queue at their bank. Similarly, shop owners can apply to become a Tigo Pesa Merchant, allowing them to accept payments from over 16 million mobile money users across Tanzania.
WATEJA WA TIGO KUJIPATIA FEDHA PAPO HAPO BAADA YA KULIPIA KWA TIGO PESA MATSERCARD QR
Kaimu Afisa Mkuu - Tigo Pesa, Angelica Pesha akizungumza na waandishi wa habari (hawapo pichani) katika hafla ya uzinduzi wa kampeni ya Tigo Pesa Mastercard QR, Jijini Dar Es salaam. |
Kaimu Afisa Mkuu - Tigo Pesa, Angelica Pesha akionesha kwa waandishi wa habari jinsi ya kulipia kwa Tigo Pesa Mastercard QR, katika hafla ya uzinduzi wa kampeni ya Tigo Pesa Mastercard QR. |
Dar es Salaam. Oktoba 29, 2019 - Kampuni ya Mawasiliano ya Tigo kwa kushirikiana na Mastercard wamezindua kampeni kwaajili ya kuwazawadia wateja wanaofanya malipo kwa njia ya Tigo Pesa Mastercard QR katika maduka na maeneo yanayoruhusu kulipa kwa Mastercard QR.
Kampeni hiyo imelenga katika kuhakikisha wateja wanapata huduma rahisi na ya uhakika nchi nzima.
Akizungumza wakati wa hafla ya uzinduzi, Kaimu Mkuu wa huduma za fedha (MFS), Angelica Pesha alisema “Kama kampuni ya kidigitali siku zote tunalenga kuleta sulushisho na kufanya maisha ya wateja wetu kuwa rahisi zaidi. Kumekuwa na ongezeko la uhitaji wa njia mpya na salama ya malipo kwa wateja pale wanapotaka huduma na bidhaa kwenye maduka na maeneo mengine ya kibiashara yanayoruhusu mfumo wa Mastercard QR.”
VODACOM TANZANIA PLC NA MFUKO WA UBUNIFU WA HDIF WATEMBELEA HUBS MBALIMBALI KUJIONEA MAMBO MAKUBWA YANAYOFANYWA NA VIJANA NCHINI
Monday, 28 October 2019
BENKI YA DCB YADHAMINI TUZO ZA UBORA WA ELIMU TANZANIA
Benki ya Biashara ya DCB itaendelea kuunga mkono juhudi za serikali ya awamu ya tano katika kuleta maendeleo ya elimu nchini huku ikileta bidhaa na huduma maalumu za kielimu zinazolenga kuhakikisha watoto wa kitanzania wanapata elimu bora kwa mustakabali wa maendeleo yao binafsi na kwa taifa.
Akizungumza katika hafla ya kutoa Tuzo za Ubora wa Elimu Tanzania kwa wanafunzi, walimu, shule, halmashauri na mikoa waliofanya vizuri katika mitihani ya taifa mwaka 2019 jijini Dar es Salaam mwishoni mwa wiki ambazo DCB ilidhamini, Mkurugenzi Mtendaji wa DCB, Godfrey Ndalahwa alisema DCB inatambua juhudi kubwa inayofanywa na Rais John Joseph Pombe Magufuli katika kuboresha na kuinua kiwango cha elimu nchini, juhudi zilizoanza kujionyesha mwanzo kabisa pale alipoondoa ada za shule kuanzia elimu ya msingi hadi Sekondari.
Akizungumza katika hafla ya kutoa Tuzo za Ubora wa Elimu Tanzania kwa wanafunzi, walimu, shule, halmashauri na mikoa waliofanya vizuri katika mitihani ya taifa mwaka 2019 jijini Dar es Salaam mwishoni mwa wiki ambazo DCB ilidhamini, Mkurugenzi Mtendaji wa DCB, Godfrey Ndalahwa alisema DCB inatambua juhudi kubwa inayofanywa na Rais John Joseph Pombe Magufuli katika kuboresha na kuinua kiwango cha elimu nchini, juhudi zilizoanza kujionyesha mwanzo kabisa pale alipoondoa ada za shule kuanzia elimu ya msingi hadi Sekondari.
PANAFRICAN ENERGY TANZANIA LIMITED YASAINI MAKUBALIANO NA SHIRIKA LA TUMAINI LA MAISHA KUSAIDIA WATOTO WENYE SARATANI LINDI
Mkurugenzi Mtendaji wa PAET, Andy J Hanna (kulia) na Mwenyekiti wa bodi ya TLM Gerald Mongella (kushoto) wakisaini mkataba wa makubaliano kusaidia watoto wenye saratani mkoani Lindi. |
Makubaliano hayo yalisainiwa na Mkurugenzi Mtendaji wa PAET, Andy Hanna na Mwenyekiti wa bodi ya TLM, Gerald Mongella ambapo pande zote mbili zilieleza kuwa na imani na hatua hiyo ambayo ni mwanzo katika kufikisha huduma hiyo katika maeneo mengine ya nchi.
WATEJA WA BENKI YA NMB WATEMBELEA MAKAO MAKUU YA BENKI HIYO
Kaimu Mkurugenzi Mtendaji wa Benki ya NMB, Ruth Zaipuna (kushoto) akizungumza na wateja hao walipotembelea Makao Makuu ya NMB kujionea shughuli mbalimbali za kibenki zinazofanyika hapo. |
Mkuu wa Huduma Jumuifu, Nenyuata Mejooli (kulia) akizungumza na wateja.
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Afisa Mkuu Uendelezaji wa Bidhaa na Matumizi ya Digitali NMB, Pete Novat (kulia) akizungumza na wateja. |
Mkuu wa Biashara Wateja Wadogo na wa Kati wa NMB, Filbert Mponzi katika picha ya pamoja na wateja walipotembelea Makao Makuu ya NMB.
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Hayo yameelezwa na wajasiria mali 10 waliohudhuria kongamano la biashara nchini China chini ya ufadhili wa benki ya NMB.
Wajasiriamali hao wameeleza kuwa katika ziara hiyo wamebaini China ina viwanda vidogo vidogo vingi ambavyo ndivyo vinazalisha bidhaa wanazotumia gharama kubwa kuzifuata au kuagiza.
WAFANYAKAZI WA BENKI YA NMB WACHANGIA DAMU KWA WAGONJWA 240 WENYE UHITAJI OCEAN ROAD
Meneja wa Benki ya NMB Kanda ya Dar es Salaam Badru Idd (wa pili kulia) akiwaongoza wenzake kuchangia damu katika Hospitali ya Ocean Road. |
Wafanyakazi wa Benki ya NMB wakichangia damu katika Hospitali ya Ocean Road. |
Wafanyakazi wa Benki ya NMB wakichangia damu katika Hospitali ya Ocean Road. |
Kaimu Mkurugenzi wa Huduma za Tiba wa Ocean Road, Dk. Mark Mseti, amesema kwa siku za hivi karibuni hospitali hiyo imekuwa ikikabiliwa na uhaba mkubwa wa damu hali inayokwamisha utoaji huduma kwa wahitaji.
Mseti alisema mahitaji ya damu katika hospitali hiyo ni makubwa kutokana na tiba zote za mionzi kuhitaji wagonjwa kuwa na damu ya kutosha ili ziweze kufanya kazi sawasawa.
VODACOM TANZANIA PLC YAWAFIKISHIA HUDUMA KARIBU WATEJA WAKE MJINI ZANZIBAR
Wafanyakazi wa duka jipya la Vodacom lililoko jengo la Muzamil Centre, Mlandege mjini Zanzibar wakiwa kwenye picha ya pamoja. |
Keki inayoashiria uwepo wa mtandao wenye kasi ya 4G kutoka kampuni inayoongoza kwa mapinduzi ya kidijitali ya Vodacom Tanzania Plc mjini Zanzibar. |
Thursday, 24 October 2019
VODACOM WINS DAR ES SALAAM STOCK EXCHANGE AWARD
Tanzania’s leading technology Communication Company, Vodacom Plc has won the prestigious Dar es Salaam Stock Exchange Member Award (DMA).
The fourth awarding ceremony with a theme of ‘Environmental, Social and Governance for Sustainability’ was held in Dar es Salaam earlier this week. The guest of honour at the event was the Deputy Minister for Finance and Planning, Dr. Ashatu Kijaji.
The fourth awarding ceremony with a theme of ‘Environmental, Social and Governance for Sustainability’ was held in Dar es Salaam earlier this week. The guest of honour at the event was the Deputy Minister for Finance and Planning, Dr. Ashatu Kijaji.
TANZANIA’S FIRST REAL CREDIT SCORES LAUNCHED IN DAR
Chief Executive Officer of Dun & Bradstreet Credit Bureau, Miguel Llenas explains the benefits of credit reports during the launch of credit scores in Tanzania. |
Bank of Tanzania's Director of the Financial Sector Supervision, Jerry Sabi addresses the participants during the launch of credit scores by Dun & Bradstreet Credit Bureau in Tanzania. |
The Score is a proprietary risk management solution that is bespoke to Tanzania's consumer credit market.
According to the Chief Executive Officer of D&B Credit Bureau, Mr. Miguel Llenas said the score is launched to help address the challenges faced by all stakeholders in Tanzania’s credit market.
He said it will aid responsible lending and borrowing, help lenders and creditors manage their loan books, ensure that interest rates match the credit profile of borrowers and promote the proliferation of credit or loan products in the market.
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