RAIS DKT. JOHN POMBE MAGUFULI AMUAPISHA NAIBU WAZIRI WA MADINI MHE. DOTTO MASHAKA BITEKO IKULU JIJINI DAR ES SALAAM JANUARI 8, 2018

Rais wa Jamhuri ya Muungano wa Tanzania Dkt. John Pombe Magufuli akimuapisha Mhe. Dotto Mashaka Biteko kuwa Naibu Waziri wa Madini katika hafla fupi iliyofanyika Ikulu jijini Dar es salaam Januari 8, 2018. 

Rais wa Jamhuri ya Muungano wa Tanzania Dkt. John Pombe Magufuli akimkabidhi nyenzo za kazi Mhe. Dotto Mashaka Biteko baada ya kumuapisha kuwa Naibu Waziri wa Madini katika hafla fupi iliyofanyika Ikulu jijini Dar es salaam Januari 8, 2018. 

Rais wa Jamhuri ya Muungano wa Tanzania Dkt. John Pombe Magufuli akiongea baada ya kumuapisha Mhe. Dotto Mashaka Biteko kuwa Naibu Waziri wa Madini katika hafla fupi iliyofanyika Ikulu jijini Dar es salaam Januari 8, 2018. 

Rais wa Jamhuri ya Muungano wa Tanzania Dkt. John Pombe Magufuli akipeana mikono na Mhe. Dotto Mashaka Biteko baada ya kumuapisha kuwa Naibu Waziri wa Madini katika hafla fupi iliyofanyika Ikulu jijini Dar es salaam leo. Kulia ni Katibu Mkuu Kiongozi Balozi John Kijazi Januari 8, 2018.

Rais wa Jamhuri ya Muungano wa Tanzania Dkt. John Pombe Magufuli katika picha ya pamoja na viongozi baada ya kumuapisha Mhe. Dotto Mashaka Biteko kuwa Naibu Waziri wa Madini katika hafla fupi iliyofanyika Ikulu jijini Dar es salaam Januari 8, 2018.

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ETHIOPIA, TANZANIA ELECTRIC TRAINS TO SPEED UP CARGO MOVEMENT

An Ethiopian Railways electric train. The Ethio-Djibouti standard gauge railway project boasts of more than 30 electrical locomotives.

Ethiopia and Tanzania have raised the stakes in the competition for cargo business in the region by introducing electric trains.

While Kenya’s diesel-powered cargo train took its maiden trip on the standard gauge railway to Nairobi from the port of Mombasa carrying 216 containers on January 1, Ethiopia inaugurated its 756km $4 billion electrified rail connecting Addis Ababa to Djibouti.

And on Wednesday, Tanzania, through its state-run railway firm Reli Assets Holding Company (Rahco) put out a tender for the supply of electric locomotives, 14 of which will carry cargo. Tanzania has set aside funds for the purchase of the engines and carriages.

“It is intended that part of the proceeds of the funds would be used to cover eligible payment under the contract for supply, testing, commissioning and training of rolling stock for the SGR railway system to operate in the Tanzania central railway corridor,” reads part of the advertisement announcing the tender.

Dar is seeking the supply, testing and commissioning of the electric locomotives for freight trains and five electric multiple units. The railway firm is also looking for the supply of three electric locomotives for departmental trains, 15 first-class coaches and 45 economy-class coaches.

To supplement the electric locomotives, Tanzania is also looking at receiving two diesel locomotives for freight trains, 600 flat wagons, 500 box wagons, 200 oil tankers, 50 bulk wagons, 70 gondola wagons, 50 ballast hoppers and 50 double stack container wagons.

LOW INFLATION, STABLE CURRENCY SPUR TANZANIA ECONOMY

In Africa, Tanzania remains among the top performers for having a steady growth rate in 2017.

The Tanzania economy grew by Tsh1.62 trillion ($726.8 million) in the first half of the current financial year. It registered a GDP of Tsh25.5 trillion ($11.5 billion) compared with Tsh23.9 trillion ($10.7 billion) in the corresponding period in 2016.

Finance and Planning Minister Dr Phillip Mpango said the GDP growth, at 6.8 per cent, was slower than the 7.7 per cent growth in the first six months of the 2016/7 fiscal period.

Tanzania recorded the best growth rate in the East African Community.

Kenya, for example, recorded 4.9 per cent in the first half of 2017, a drop from 5.9 per cent attained in 2016, while Rwanda’s averaged 7.2 per cent from 2000 until 2017, down from 8.1 per cent in 2016. Uganda recorded a 4.9 per cent growth in 2017, up from 3.8 per cent in 2016.

Steady growth

In Africa, Tanzania remains among the top performers for having a steady growth rate in 2017. The economy is expected to grow by 7.0 per cent and continue to grow on average of 7.4 per cent in the medium term.

According to the Tanzania National Bureau of Statistics, Ethiopia’s growth slowed from 10.5 per cent to 7.5 per cent while Democratic Republic of Congo’s growth rate accelerated from 8.5 per cent to 9 per cent growth last year.

Cote d’Ivoire’s slowed from 7.7 per cent to 7.5 per cent as Mozambique’s was flat at 7.3 per cent.

RAIS WA JAMHURI YA MUUNGANO WA TANZANIA MHE. DKT. MAGUFULI AMJULIA HALI MZEE KINGUNGE NGOMBALE MWIRU PAMOJA NA WAGONJWA WENGINE WALIOLAZWA KATIKA HOSPITALI YA TAIFA YA MUHIMBILI JANUARI 6, 2018

Rais wa Jamhuri ya Muungano wa Tanzania Mheshimiwa Dkt. John Pombe Magufuli akimjulia hali mwanasiasa mkongwe Mzee Kingunge Ngombale Mwiru aliyelazwa kwa ajili ya matibabu katika Wodi ya Mwaisela iliyopo katika Hospitali ya Taifa ya Muhimbili ambapo amelazwa akipatiwa matibabu ya majeraha baada ya kujeruhiwa na mbwa wake. 

Rais wa Jamhuri ya Muungano wa Tanzania Dkt. John Pombe Magufuli akimfunika shuka Mwanasiasa mkongwe Mzee Kingunge Ngambale Mwiru alipomtembelea kumjulia hali katika Wodi ya Mwaisela hospitali ya Taifa Muhimbili Jijini Dar es Salaam ambapo amelazwa akipatiwa matibabu ya majeraha baada ya kujeruhiwa na bwa wake.

Rais wa Jamhuri ya Muungano wa Tanzania Mheshimiwa Dkt. John Pombe Magufuli akimjulia hali Kaka wa Profesa Anna Tibaijuka ajulikanaye kwa jina la Richard Kajumulo ambaye amelazwa katika Wodi ya Sewahaji iliyopo katika Hospitali ya Taifa ya Muhimbili. 

Rais wa Jamhuri ya Muungano wa Tanzania Mheshimiwa Dkt. John Pombe Magufuli akimjulia hali Nasoro Rashid aliyelazwa katika Wodi ya ya Sewahaji iliyopo katika Hospitali ya Taifa ya Muhimbili. 

Rais wa Jamhuri ya Muungano wa Tanzania Mheshimiwa Dkt. John Pombe Magufuli akiwajulia hali watoto wawili Mapacha walioungana Maria na Consolata ambao wamelazwa katika Taasisi ya Moyo ya Jakaya Kikwete (JKCI) kwa ajili ya Matibabu. 

Rais wa Jamhuri ya Muungano wa Tanzania Mheshimiwa Dkt. John Pombe Magufuli akiwa na Mkurugenzi wa Taasisi ya Moyo ya Jakaya Kikwete (JKCI) Profesa Mohamed Janabi pamoja na wafanyakazi wengine wa Taasisi hiyo mara baada ya kutembelea wagonjwa waliolazwa Hospitalini hapo. 

Rais wa Jamhuri ya Muungano wa Tanzania Mheshimiwa Dkt. John Pombe Magufuli akimsikiliza Mkurugenzi wa Taasisi ya Moyo ya Jakaya Kikwete (JKCI) Profesa Mohamed Janabi mara baada ya kutembelea wagonjwa waliolazwa Hospitalini hapo. 

Rais wa Jamhuri ya Muungano wa Tanzania Dkt. John Pombe Magufuli akizungumza na Dkt. Khuzeima Khanbahi Daktari bingwa wa magonjwa ya moyo anayewahudumia Mapacha walioungana Maria na Consolata pamoja na Profesa Janabi mkurugenzi wa Taasisi ya Moyo ya Jakaya Kikwete baada ya kuwa tembelea na kuwajulia hali hospitalini hapo Januari 6, 2018.

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TANZANIA NATIONAL PUBLIC HOLIDAYS 2018

VAT REMOVAL PUSHES TRANSIT CARGO 35 PC UP

Value Added Tax (VAT) removal on transit cargo has fuelled the increase of a number of containers handled at the port by 35.5 per cent, last year. The government in 2016/17 budget scraped off VAT on transit goods, hence increased transit traffic.

Tanzania International Container Terminal Services (TICTS) said the containers handled by its unit climbed to 501,690 twenty equivalent units (TEUs) in 2017. TICTS attributed the increase to the government initiative to scrap-off VAT on transit goods ancillary services.

Chief Executive Officer, Mr Jared Zerbe, said the transit bound cargo has increased by more than 35.5 per cent, last year, in comparison to previous year. Also to bring service closer to its customers, TICTS opened a regional office in Rwanda to market the port in that area.

The CEO said last year the company also enabled to increase its market share, especially for customers from Rwanda, Zambia and Uganda. The firm also faces some challenges including transit cargo dwelling time that led to decrease terminal storage capacity.

NICOL APPLIES FOR DAR BOURSE RELISTING

National Investment Company (NICOL) Investment has finally submitted a re-listing application to Dar es Salaam Stock Exchange. The mutual fund submitted the re-listing application this week and is under the bourse committee for evaluation.

DSE’s Senior Marketing Officer Mary Kinabo told ‘Daily News’ yesterday that the committee for evaluation expected to peruse the proposal before coming out with an accepting or rejecting response. “The application is under evaluation process.

“The date of relisting will be determined on the outcome of the evaluation process,” Ms Kinabo said. NICOL was delisted in mid-2011 after failing to comply with listing regulation including disclosing of their financial statements and reporting the progress of its subsidiary companies.

However, after years of management wrangles, the private equity firm settled and declared a first dividend of 25/- per share after ten years after inception last month. NICOL Chairman Gideon Kaunda told the third annual general meeting here in the first week of last December that they hadn’t paid any dividend in a decade to shareholders.

SWALA, ORCA ACQUISITION AWAITS SHAREHOLDERS MEETING

Swala Oil and Gas wants to intensify its presence in the country by buying 20 per cent stake in Orca’s Exploration Group’s PAE PanAfrican Energy Corp. The firm, bids to acquire the stake at 130million US dollars, however, is waiting a shareholding meeting.

According to Swala, the deal is expected to provide Swala part ownership of PAE’s Tanzanian subsidiary, which holds exploration and production rights for natural gas in the Songo Songo block, in partnership with the Tanzania Petroleum Development Corp.

Speaking about the agreement, Dr David Mestres Ridge, CEO of Swala, said, “This arrangement ultimately results in the benefits of more than 20 per cent of Orca’s Tanzania business being indirectly owned by Tanzanian shareholders and bondholders, providing an alternative mechanism for local participation alongside traditional listings on the Dar es Salaam Stock Exchange, and the recirculation of funds into the Tanzanian economy.”

The acquisition financing has been arranged by Exotix Capital, a London-based specialist frontier markets investment bank. Tanzanian, East African and international investors will be accessed in this month for a second tranche fundraising via a new Tanzanian bond and additional tapping of the 144A US$ bond.

NMB BANK VIES TO TURN AROUND TANZANIA WOMEN'S BANK

The outgoing Bank of Tanzania (BOT) Governor, Prof Benno Ndulu briefs journalists in Dar es Salaam, yesterday, regarding the bank decision to revoke business licence of five banks and placed three others under bird-eye watch for six months due to undercapitalisation. Left is Governor-elect, Prof Florens Luoga.

Bank of Tanzania said yesterday that NMB Bank has shown keen interest on turning around struggling Tanzania Women’s Bank (TWB).

The BoT outgoing Governor, Prof Benno Ndulu said the government, a sole shareholder, has invited a number of public institutions to invest in TWB. “NMB Bank has shown an interest to invest in this bank [TWB] targeting to turn it to a special lending window for women entrepreneurs,” Prof Ndulu said.

Prof Ndulu said TWB was among three other banks that submitted recapitalisation and sustainability strategic plans as required by the central bank by end of last year. Other banks are Kilimanjaro Cooperative Bank and Tandahimba Community Bank.

Prof Ndulu told journalists yesterday when handing over the office to the new appointed Governor Prof Florens Luoga. The three banks have been given six months up to June this year to implement their plans or face licence revoking.

EXPERTS TO BANK OF TANZANIA: BIG SALUTATIONS!

Regulatory intervention by the central bank which culminated in liquidation of five financial institutions with three others put on a watch list for six months will boost confidence in the banking sector, among depositors and other players in the industry, according to experts.

They are of the view that such regulatory measures were crucial for creating trust in the delicate banking industry to assure customers that their deposits are always in safe hands. The experts were however quick to add that such actions by the Bank of Tanzania (BoT) may cause panic in the short-run, leading to what they described as “runon- the-bank” situation; this is when customers panic and rush to withdraw their deposits in times of uncertainty.

The comments were made yesterday in the wake of the decision by the central bank to put five banks on compulsory liquidation for undercapitalisation, namely Covenant Bank for Women (Tanzania) Limited, Efatha Bank Limited, Njombe Community Bank and Meru Community Bank Limited.

Also on the wrath of the BoT are Kagera Farmers’ Co-operative Bank Limited whilst Tanzania Women Bank (TWB), Tandahimba Community Bank and Kilimanjaro Co-operative Bank have been put on a six-month watch list to boost their capital.

“There is a need to conduct public awareness that the closed banks were those which were underperforming but the industry remains strong with other sound financial institutions,” a senior lecturer at Mzumbe University (Dar es Salaam Campus), Prof Honest Ngowi, explained, adding: “For informed customers, the intervention is healthy since they understand that their deposits are in safer hands under close watch of the regulator.”

FIVE BANKS AXED, 3 IN LIMBO

The outgoing Bank of Tanzania (BOT) Governor, Prof Benno Ndulu briefs journalists in Dar es Salaam, yesterday, regarding the bank decision to revoke business licence of five banks and placed three others under bird-eye watch for six months due to undercapitalisation. Left is Governor-elect, Prof Florens Luoga.

... AS BOT STRIVES TO STREAMLINE THE BANKING SYSTEM AND SAFEGUARD DEPOSITORS’ INTERESTS
For the first time in history, the Bank of Tanzania (BoT) has closed five banks at a go and placed three others on the watch list for six months, due to undercapitalisation.

Announcing the revocation in Dar es Salaam yesterday, the outgoing BoT governor, Prof Benno Ndulu, mentioned the financial institutions as Covenant Bank for Women (Tanzania) Limited, Efatha Bank Limited, Njombe Community Bank Limited, Kagera farmers Cooperatives Bank Limited and Meru Community Bank Limited.

He explained, however, that before the move, they spoke with Community Banks Association of Tanzania (COBAT), urging them to join efforts and establish one large institution, and have the rest serve as branches, to reduce operational costs.

Prof Ndulu said in 2012, BoT increased the minimum core capital requirement for community banks to 2bn/- from 250mil/- and they were given a five-year grace period to increase their capital.

“That period ended in June 2017, but we deliberately made a six-month extension to 31 December 2017, for them to have ample time to ponder our advice, but they made their choice and eight banks did not fulfil that requirements,” he explained.

OVER 3,000 TURN UP FOR VEHICLE AUCTION IN DAR

A section of several people who thronged the Tanzania Ports Authority (TPA) yard in Dar es Salaam, yesterday, for the auction of more than 3,000 imported vehicles that had been abandoned there for a long time. The auction was co-ordinated by the Tanzania Revenue authority (TRA).

Over 3,000 people turned up at the Tanzania Ports Authority (TPA) yard in Dar es Salaam yesterday, to try their luck at buying vehicles that were being auctioned by the Tanzania Revenue Authority (TRA).

However, the venue of the auction proved unconducive as some participants were seen outside the gate struggling to get in by the time the auctioning started. Given the venue’s relatively small size, it was difficult for some participants to see the cars they were bidding for.

TRA Commissioner General, Mr Charles Kichere, admitted the anomaly, promising to fix the problem, saying the next auction would be held at an open, expansive area at Ubungo on the outskirts of the city.

Led by Yono Auction Mart’s Managing Director, Ms Scholastica Kevela, the auctioning kicked off at 10am with some willing buyers pronouncing high prices, completely shuttering the dreams of others who thought the cars would fetch low prices.

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RAIS MHE. DKT. JOHN POMBE MAGUFULI AKUTANA NA MJUMBE MAALUM WA RAIS WA UGANDA YOWERI MUSEVENI, WAZIRI WA MAMBO YA NJE WA UGANDA SAM KUTESA IKULU JIJINI DAR ES SALAAM JANUARI 4, 2018

Rais wa Jamhuri ya Muungano wa Tanzania Dkt. John Pombe Magufuli akisalimiana na Mjumbe maalum wa Rais wa Uganda Yoweri Museveni ambaye pia ni Waziri wa Mambo ya Nje wa Uganda Sam Kutesa mara baada ya kuwasili Ikulu jijini Dar es Salaam, Januari 4, 2018.

Rais wa Jamhuri ya Muungano wa Tanzania Dkt. John Pombe Magufuli akiwa katika mazungumzo na Mjumbe maalum wa Rais wa Uganda Yoweri Museveni ambaye pia ni Waziri wa Mambo ya Nje wa Uganda Sam Kutesa mara baada ya kuwasili Ikulu jijini Dar es Salaam, Januari 4, 2018.

Rais wa Jamhuri ya Muungano wa Tanzania Dkt. John Pombe Magufuli akipokea Ujumbe Maalum uliotoka kwa Rais wa Uganda Yoweri Museveni na kuwasilishwa kwake na Waziri wa Mambo ya Nje wa Uganda Sam Kutesa mara baada ya kuwasili Ikulu jijini Dar es Salaam, Januari 4, 2018. 

Rais wa Jamhuri ya Muungano wa Tanzania Dkt. John Pombe Magufuli akiuusoma Ujumbe huo maalum uliotoka kwa Rais wa Uganda Yoweri Museveni na kuwasilishwa kwake na Waziri wa Mambo ya Nje wa Uganda Sam Kutesa mara baada ya kuwasili Ikulu jijini Dar es Salaam, Januari 4, 2018.

Rais wa Jamhuri ya Muungano wa Tanzania Dkt. John Pombe Magufuli akiwa katika picha ya pamoja na Mjumbe maalum wa Rais wa Uganda Yoweri Museveni ambaye pia ni Waziri wa Mambo ya Nje wa Uganda Sam Kutesa pamoja na Waziri wa Mambo ya Nje kwa upande wa Tanzania Balozi Dkt. Augustine Mahiga baada ya kumaliza mazungumzo yao Ikulu jijini Dar es Salaam, Januari 4, 2018.

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TAARIFA KWA UMMA KUHUSU MATUMIZI YA FEDHA ZA KIGENI KATIKA JAMHURI YA MUUNGANO WA TANZANIA

TAARIFA KWA VYOMBO VYA HABARI KUHUSU MWENENDO WA HALI YA UCHUMI NA UTEKELEZAJI WA BAJETI YA SERIKALI KWA MWAKA 2017/18

EMIRATES A380 LANDS IN 10 NEW CITIES IN 2017

We launched five new A380 routes in 2017: Johannesburg, Tokyo-Narita, Casablanca, São Paulo and Nice. We also had one-off A380 services to four cities: Boston, Colombo, Warsaw and Bahrain. Fly the Emirates A380 to 48 destinations worldwide.

CRDB BANK STARTS SEARCHING FOR DR CHARLES KIMEI HEIR

CRDB Bank Managing Director, Dr. Charles Kimei.

CRDB bank has started the process of searching for a new Managing Director, almost two years before Dr Charles Kimei retires.

The bank constitution directs that the exercise should begin 18 months before the sitting Managing Director retires. Dr Kimei will clock 21 years as the bank top boss by May 2019.

The process starts earlier to facilitate a smooth succession, Dr Kimei announced recently.

He raised the bank from the verge of bankruptcy and turned it into one of the leading financial institutions in the country.

HUNTING COMPANIES GET 12 MONTHS TO CEASE OPERATIONS

Minister for Tourism and Natural Resources, Dr Khamis Kigwangalla.

The Government has resolved to grant at least 12 months’ grace period for all owners of hunting blocks to sum up their operations before the state reclaims back the precincts ready for new arrangement in which they are to be squarely auctioned.

That was among the agreements reached by the Minister for Tourism and Natural Resources, Dr Khamis Kigwangallah, during his roundtable meeting with representatives of hunting companies, which was held at LAPF complex in Dodoma.

Dr Kigwangwallah’s meeting with members of the hunting tourism industry, follows the minister’s recent decision to suspend all hunting block licences, including those issued this year, pending the proposed new arrangement devised by the government to auction the blocks.

“The government’s decision to start a new system of issuing hunting blocs through public auction remains,” insisted Dr Kingwangallah but pointed out that due to requests from operators of many blocs, he has decided to give them one more year for operation.

TANZANIA REVENUE AUTHORITY LAUNCHES NATIONWIDE 2018 TAXPAYERS CAMPAIGN

TRA Director for Taxpayer Services and Education, Richard Kayombo.

The Tanzania Revenue Authority has launched a taxpayers’ registration campaign this year to ensure that everyone who qualifies gets a TIN number in a bid to increase its tax base.

TRA Director for Taxpayer Services and Education Richard Kayombo said the campaign was aimed getting at least one million taxpayers across the country and influence more people to contribute to the national income by paying tax through their daily activities.

He disclosed in Dar es Salaam on Tuesday that at least 475 ‘large ‘taxpayers’ had since registered in ‘the book of taxpayers.’ “In the financial year 2016/2017 the aim was to collect 44bn/- in property tax and another 25bn/- from betting sports. When the report is ready we will announce the proceeds through the media,” Mr Kayombo said.

BENKI KUU YA TANZANIA IMEZIFUNGIA BENKI TANO

TANZANIA CANCELS LICENSES FOR 5 BANKS

Tanzania's central bank has cancelled licences for five banks and placed them under receivership.

The Bank of Tanzania (BoT) said the lenders breached core capital rules.

The banks are Covenant Bank for Women, Efatha Bank Limited, Njombe Community Bank Limited, Meru Community Bank Limited, and Kagera Farmers’ Cooperative Bank Limited.

"The aforesaid banks are critically undercapitalised," BoT said, adding that "continuation of their operations in their current position is detrimental to the interest of depositors and poses a risk to the stability of the financial system."

The move comes three weeks after President John Magufuli ordered the regulator to take action against banks with inadequate capital.

“We have 58 banks in Tanzania. We want the banking regulator to take action against the failing institutions. We would rather have a few viable banks than many failing ones,” the president said.

The East African

RAIS WA JAMHURI YA MUUNGANO WA TANZANIA MHE. DKT. JOHN POMBE MAGUFULI AKUTANA NA GAVANA WA BENKI KUU YA TANZANIA (BOT) ANAYEMALIZA MUDA WAKE PROF. BENNO NDULU PAMOJA NA GAVANA MTEULE WA BOT PROF. FLORENS LUOGA IKULU JIJINI DAR ES SALAAM JANUARI 3, 2018

Rais wa Jamhuri ya Muungano wa Tanzania Dkt. John Pombe Magufuli akisalimiana na Gavana wa Benki Kuu ya Tanzania (BOT) ambaye amemaliza muda wake Profesa Benno Ndulu mara baada ya kuwasili Ikulu jijini Dar es Salaam, Januari 3, 2018.

Rais wa Jamhuri ya Muungano wa Tanzania Dkt. John Pombe Magufuli akiwa katika mazungumzo na Gavana wa Benki Kuu ya Tanzania (BOT) ambaye amemaliza muda wake Profesa Benno Ndulu mara baada ya kuwasili Ikulu jijini Dar es Salaam, Januari 3, 2018.

Rais wa Jamhuri ya Muungano wa Tanzania Dkt. John Pombe Magufuli akisalimiana na Gavana mteule wa Benki Kuu ya Tanzania (BOT) Profesa Florens Luoga aliyefika Ikulu kwa ajili ya mazungumzo, Januari 3, 2018.

Rais wa Jamhuri ya Muungano wa Tanzania Dkt. John Pombe Magufuli akiwa katika mazungumzo na Gavana mteule wa Benki Kuu ya Tanzania (BOT) Profesa Florens Luoga mara baada ya kuwasili Ikulu jijini Dar es Salaam, Januari 3, 2018. 

Rais wa Jamhuri ya Muungano wa Tanzania Dkt. John Pombe Magufuli akiwa katika mazungumzo na Gavana mteule wa Benki Kuu ya Tanzania (BOT) Profesa Florens Luoga wa kwanza (kushoto) pamoja na Gavana wa Benki Kuu ya Tanzania (BOT) ambaye amemaliza muda wake Profesa Benno Ndulu wa kwanza (kulia) mara baada ya kuwasili Ikulu jijini Dar es Salaam, Januari 3, 2018. 

Rais wa Jamhuri ya Muungano wa Tanzania Dkt. John Pombe Magufuli akiwa katika picha ya pamoja na na Gavana mteule wa Benki Kuu ya Tanzania (BOT) Profesa Florens Luoga wa kwanza (kushoto) pamoja na Gavana wa Benki Kuu ya Tanzania (BOT) ambaye amemaliza muda wake Profesa Benno Ndulu wa kwanza (kulia) mara baada ya kumaliza mazungumzo yao Ikulu jijini Dar es Salaam, Januari 3, 2018.

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KENYA REGULATOR DITCHES PLAN TO BREAK UP SAFARICOM

NAIROBI (Reuters) - Kenya’s telecoms regulator has ditched a proposal to break Safaricom up into separate telecoms and financial services businesses due to its dominant size, Kenya’s Business Daily newspaper said on Wednesday.

An initial draft report on boosting competition in the sector, which was leaked in February 2017, had recommended the break up of the firm that is Kenya’s biggest by market value.

Business Daily reported the proposal had been dropped from a revised version of the report, which has been circulated to operators for comments.

The regulator Communications Authority of Kenya (CA), which had already said it would not break up any firm after a huge outcry following the initial draft report, was not immediately available when Reuters sought comment on the report.

The company, 35 percent owned by South African group Vodacom and 5 percent by Vodacom’s major shareholder Vodafone, has 29.4 million users, 71.9 percent of Kenya’s total.

RAHCO NOW FLOATS BIDS FOR SGR SYSTEM SUPPLIES

The Reli Assets Holding Company Limited (RAHCO) has invited bids for the supply of luxury trains through competitive pre-qualification tenders for rolling stock for its envisaged Standard Gauge Railway (SGR) system.

A pre-qualification stage is a preliminary step in a bidding process under which bidders showcase ability and requisite resources and experience to complete the job at hand. According to Rahco’s public notice, interested bidders must deliver their documents to the Office of the Secretary of Tender Board at RAHCO building along Sokoine Drive in Dar es Salaam by 10:30 on January 30, this year.

The pre-qualification tenders, says RAHCO, would be conducted through competitively as set out in the Public Procurement Act No, 7 of 2011 and its Public Procurement (Amendment) Act, No 5 of 2016, Public Procurement Regulation, 2013 and its Public Procurement (Amendment) Regulations, 2016.

The bidding process aims at enabling RAHCO to get the best qualified bidder to supply 14 electric locomotives of 6500 HP and two diesel locomotives of 6500 HP (Freight Trains) and three electric locomotives of 3000 HP and two diesel locomotives of 3000 HP (Departmental trains).

Other requirements on its ‘wish list’ include five Electric Multiple Units (EMU), each with the capacity to accommodate 1,800 passengers, 15 Coaches Class I and 45 Coaches of economy class. Other items to be supplied include 600 Flat wagons, 200 Oil tankers, 50 double stack container wagons, 50 bulk wagons, 70 Condola wagons and 70 ballast hoppers (Freight Wagons).

WE'LL PAY EVERYONE SOON, PLEDGES PRESIDENT MAGUFULI

President John Magufuli (centre), holds hands of outgoing Bank of Tanzania (BOT) Governor, Prof Benno Ndulu (right) and incoming Governor-elect, Prof Florens Luoga, after a brief event at State House where Prof Ndulu had gone to bid farewell to the Head of State in Dar es Salaam, yesterday.

President John Magufuli has pledged to settle, by next month, all internal debts amounting to 200bn/- that the government owes its teachers, contractors, service providers and other suppliers.

“It should be clear, however, that the debts are internal arrears which have been duly verified … I direct that proper preparations be made to release those funds … and it’s my hope that the money will stimulate the economy,” he declared.

Dr Magufuli made the remarks in Dar es Salaam yesterday when he bade farewell to Prof Benno Ndulu, the outgoing Governor of the Bank of Tanzania (BoT), whom he praised for proper supervision of the economy -- which has grown from an average of five to seven per cent per annum.

During the occasion held at State House, Dr Magufuli also met and held talks with the incoming Governor-elect, Prof Florens Luoga, whom he appointed to the position last October.

On Dr Ndulu, President Magufuli remarked: “You have done great during your ten years in office … in overseeing commercial banks and bureux de change. “Foreign reserves … increased from $1.8 billion to $6 billion dollars …. which can sustain the country’s imports for the next six months,” Dr Magufuli said.

HESLB TALKS TOUGH ON ITS LOANS

HESLB Executive Director, Abdul-Razaq Badru

The Higher Education Students’ Loans Board (HESLB) has yet again declared war on nearly 120,000 defaulters who owe outstanding debts amounting to 285bn/-.

The outstanding loans go back to the 1994/1995 academic year, according to the board’s Executive Director Abdul-Razaq Badru. Addressing a news conference in Dar es Salaam yesterday, Mr Badru said the board expects to kick off its inspections with employers countrywide in order to establish if their payrolls had names of employees who had not paid up their loans.

He says the manhunt for defaulters would start at least beginning next Monday, and would cover the second quarter of FY 2017/2018 that ended on December 31, 2017. Mr Badru also outlined the board’s successes – as well as challenges – even as he laid its strategic plans to improve its efficiency in issuing future loans and their recovery.

“…our officers will work with other government institutions … which are now better prepared to double our revenue collection from the current 13bn/- to 17bn/- in June 2018,’’ he said, adding: “… we’ll not spare anyone who goes against the law … because the law gives us (full) mandate to carry out inspections at workplaces … and it clearly states that whoever blocks the board from conducting such inspections would be violating the legislation.’’

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