BOEING SHAREHOLDERS ARE SUING THE COMPANY, CLAIMING IT PUT SAFETY AT RISK IN A RECKLESS PURSUIT OF PROFITS THAT ENDED IN THE 2 FATAL 737 MAX CRASHES

The fallout from Boeing's recent difficulties over a fatal crash in Ethiopia continued when shareholders filed a lawsuit against the company.

The filing at a Chicago federal court alleges that the aerospace company defrauded investors over the safety features of Boeing's 737 Max aircraft which was involved in two fatal crashes: one in Ethiopia last month and another in Indonesia last year.

According to the filing Boeing effectively put profitability and growth ahead of airplane safety and honesty," as reported by Reuters.

The suit names Boeing CEO Dennis Muilenburg and Chief Financial Officer Gregory Smith as defendants,

The company's stock has fallen $34 billion since the crash in Ethiopia last month in which 157 people died despite the pilots onboard following the relevant procedures to prevent the crash.

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SABABU ZINAZOATHIRI MWENENDO NA UTOAJI HUDUMA WA TAASISI ZA FEDHA

ASCON AFRICA - A POSITIVE APPROACH TO FRAUD

NATIONAL BANK OF COMMERCE SUPPORTS THE POLICE FORCE

Dar es Salaam Special Police Zone Commander, Lazaro Mambosasa (left), shakes hands with NBC Managing Director, Theobald Sabi after receiving seven new motorcycles donated by NBC to be awarded to Junior Police Officers who have excelled or went beyond the call of duty. The ceremony was held in Dar es Salaam yesterday.

Dar es Salaam Special Police Zone Commander, Lazaro Mambosasa (left), addresses journalists before receiving seven new motorcycles from NBC Managing Director, Theobald Sabi which the bank donated to Junior Police Officers who have excelled or went beyond the call of duty.

NBC Managing Director, Theobald Sabi (left), addresses journalists before handing a donation of seven new motorcycles to the Dar es Salaam Special Police Zone Commander, Lazaro Mambosasa which is to be awarded to Junior Police Officers who have excelled or went beyond the call of duty.

Dar es Salaam Special Police Zone Commander, Lazaro Mambosasa (fifth left ), shakes hands with NBC Managing Director, Theobald Sabi after receiving seven new motorcycles donated by NBC to be awarded to Junior Police Officers who have excelled or went beyond the call of duty. Looking on are NBC Management Team and  Senior Police Officers.

AFRICAN DEVELOPMENT BANK PRESIDENT AKINWUMI ADESINA LEADS DELEGATION TO IMF-WORLD BANK SPRING MEETINGS

African Development Bank President Akinwumi Adesina is expected in Washington DC, on Monday, to take part in the IMF/ World Bank Spring meetings from 9-12 April.

Dr. Adesina and a delegation of senior Bank officials, are expected to meet with US Congresswoman Karen Bass, who serves on the House Committee on Foreign Affairs where she is a Ranking Member of the Subcommittee on Africa, Global Health, Global Huma Rights and International Organisations. The meeting will be attended by other US government officials and investors.

During his four-day DC trip, Dr. Adesina will also hold bilateral meetings with heads of sister Multilateral Development Banks (MDBs) including Takehiko Nakao, President of the Asian Development Bank; Sir Suma Chakrabarti, President of the European Bank for Reconstruction and Development (EBRD) and Luis Alberto Moreno, President of the Inter-American Development Bank.

Dr. Adesina took over as chairman of all MDBs in Davos earlier this year.

Also scheduled during the trip are bilateral meetings with Dag-Inge Ulstein, Norwegian Minister for International Development; Hon. Maryam Monsef, Canadian Minister for International Development and Vice Minister Masa Asakawa, the Japanese Vice Finance Minister for International Affairs.

On Wednesday, 10 April, the President and his delegation will attend the 3rd Consultative Forum of the Southern African Development Community ministers of finance.

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PROF. KABUDI AHIMIZA WAWEKEZAJI KUTOKA NCHI ZA NORDIC KUJA KUWEKEZA TANZANIA

Waziri wa Mambo ya Nje na Ushirikiano wa Afrika Mashariki, Mheshimiwa Prof. Palamagamba John Kabudi (Mb.), tarehe 9 Aprili, 2019 akiwa jijini Dodoma amefungua rasmi Kongamano la kwanza la Uwekezaji pamoja na Mkutano wa mwaka wa Diaspora wa Tanzania linalofanyika nchini Sweden. Ufunguzi wa kongamano hilo ulirushwa moja kwa moja na Shirika la Utangazaji Tanzania (TBC1). Kulia ni Katibu Mkuu wa Wizara ya Mambo ya Nje na Ushirikiano wa Afrika Mashariki, Dkt. Faraji Kasidi Mnyepe.

Waziri wa Mambo ya Nje na Ushirikiano wa Afrika Mashariki, Mheshimiwa Prof. Palamagamba John Kabudi, akiwa na Katibu Mkuu wa Wizara ya Mambo ya Nje na Ushirikiano wa Afrika Mashariki, Dkt. Kasidi Faraji Mnyepe, wakifuatilia kongamano hilo lililorushwa moja kwa moja na TBC 1 huku wao wakiwa Dodoma.

Kongamano likiendelea.

CLYDE & CO UPDATER - REVOLUTIONISING MOBILE BANKING IN TANZANIA

Earlier this year, the Bank of Tanzania (the BOT) issued a statement regarding its plans to unveil a new instant payment system formally known as the Tanzania Instant Payment System (TIPS). TIPS will be a shared platform for payments, as it will allow transactions made by card, over mobile banking, electronic money schemes and internet banking to take place on one platform.

Currently, many Tanzanians use mobile money platforms such as M-Pesa (by Vodacom), Airtel Money (by Airtel) and Tigo Pesa (by Millicom), among other mobile money payment systems offered by mobile network operators (Non-Banking System) while fewer people hold bank accounts with banks operating in Tanzania (Banking System). TIPS would serve to bridge the gap between the Non-Banking System and the Banking System as it would allow for cross-platform transactions and also provide immediate confirmation as to whether the payment has reached the recipient, which is often a concern when people are using banking services in Tanzania.

TIPS will be accessible for payments to and from individuals and businesses. It will permit payments to mobile phone numbers as well as to bank accounts and it will serve to replace the more costly Tanzania Interbank Settlement System and the East Africa Cross-border Payment Systems.

It is anticipated that TIPS will be formally launched in June 2020.

More recently, Visa was launched on mobile phones in the country which allows consumers to send money domestically without incurring transaction fees. There are a number of commercial banks in the country that have been supportive of this initiative and have joined the scheme.

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CLYDE & CO UPDATER - REVAMPING THE REGULATIONS FOR BUREAUX DE CHANGE IN TANZANIA

BENKI YA BIASHARA YA DCB YATANGAZA KUVUKA MALENGO UUZAJI WA HISA ZAKE

Naibu Waziri wa Fedha na Mipango, Dk. Ashatu Kijaji, akizungumza katika hafla ambayo Benki ya Biashara ya DCB ilitangaza matokeo ya zoezi la uuzaji wa hisa zake ziliouzwa kuanzia Novemba 12, 2018 hadi Januari 31 mwaka huu. DCB imetangaza kufanikiwa kuuza hisa 36,635,435 ikilinganishwa na hisa 33,913,984 zilizotarajiwa kuuzwa ikiwa ni sawa na asilimia 108. Hafla hiyo ilifanyika jijini Dodoma hivi karibuni.

Mwenyekiti wa Bodi ya Benki ya Biashara ya DCB, Prof. Lucian Msambichaka, akizungumza katika hafla ambayo benki hiyo ilitangaza matokeo ya zoezi la uuzaji wa hisa zake ziliouzwa kuanzia Novemba 12, 2018 hadi Januari 31 mwaka huu. DCB imetangaza kufanikiwa kuuza hisa 36,635,435 ikilinganishwa na hisa 33,913,984 zilizotarajiwa kuuzwa ikiwa ni sawa na asilimia 108. Hafla hiyo ilifanyika jijini Dodoma hive karibuni.

Mkurugenzi Mtendaji wa Benki ya Biashara ya DCB, Godfrey Ndalahwa akizungumza katika hafla ambayo benki hiyo ilitangaza matokeo ya zoezi la uuzaji wa hisa zake ziliouzwa kuanzia Novemba 12, 2018 hadi Januari 31 mwaka huu. DCB imetangaza kufanikiwa kuuza hisa 36,635,435 ikilinganishwa na hisa 33,913,984 zilizotarajiwa kuuzwa ikiwa ni sawa na asilimia 108.

Naibu Waziri wa Fedha na Mipango, Dk. Ashatu Kijaji (katikati), Mwenyekiti wa Bodi wa Benki ya DCB, Prof. Lucian Msambichaka (kulia) na Mkurugenzi Mtendaji wa DCB, Godfrey Ndalahwa (kushoto), wakipiga picha ya kumbukumbu na baadhi ya wanahisa waliohudhuria hafla hiyo.

Mbunge wa Temeke, Abdallah Mtolea (kulia), akizungummza na Mkuu wa Masoko wa Mawasiliano wa DCB, Rahma Ngassa (wa pili kushoto) pamoja na wageni wengine waalikwa katika hafla hiyo.

Naibu Waziri wa Fedha na Mipango, Dk. Ashatu Kijaji (katikati), akiagana na Mwenyekiti wa Bodi ya DCB, Prof. Lucian Msambichaka (kulia), mara baada ya kumalizika kwa tukio hilo. Wengine kutoka kushoto ni Mbunge wa Tumbatu, Juma Othman Hija, Mbunge wa Kinondoni, Maulidi Mtulya na Mkurugenzi Mtendaji wa DCB, Godfrey Ndalahwa.

CELEBRATING OUR 5TH ANNIVERSARY TODAY, 9 APRIL 2019

Exactly 5 years ago today, Kitomari Banking & Finance Blog was born. A big thank you to all our Clients, who have been supporting us, a big thank you to our dedicated readers all over the world and a big thank you 'in advance' to all our future Clients. 

WORLD BANK’S EXECUTIVE DIRECTORS SELECT DAVID MALPASS 13TH PRESIDENT OF THE WORLD BANK GROUP

WASHINGTON, April 5, 2019 - The Executive Directors of the World Bank today unanimously selected David R. Malpass as President of the World Bank Group for a five-year term beginning on Tuesday, April 9, 2019. The Board expressed its deep gratitude to Interim President Kristalina Georgieva for her dedication and leadership in recent months.

The Executive Directors followed the selection process agreed in 2011. The process included an open, transparent nomination where any national of the Bank’s membership could be proposed by any Executive Director or Governor through an Executive Director. This was then followed by thorough due diligence and a comprehensive interview of Mr. Malpass by the Executive Directors.

The Board looks forward to working with Mr. Malpass on the implementation of the Forward Look and the capital package agreement as articulated in the Sustainable Financing for Sustainable Development Paper.

Mr. Malpass previously served as Under Secretary of the Treasury for International Affairs for the United States. As Under Secretary, Mr. Malpass represented the United States in international settings, including the G-7 and G-20 Deputy Finance Ministerial, World Bank-IMF Spring and Annual Meetings, and meetings of the Financial Stability Board, the Organization for Economic Cooperation and Development, and the Overseas Private Investment Corporation.

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DON’T DRINK AND DRIVE’ CAMPAIGN BY SERENGETI BREWERIES REACHES OUT TO ARUSHA RESIDENTS, BODA BODA RIDERS SECURE ROAD SAFETY REFLECTORS

Mkurugenzi wa Mahusiano kwa umma wa Kampuni ya Bia ya Serengeti (SBL) John Wanyancha akizungumza na waandishi wa habari kuhusu Kampeni ya unywaji kiistarabu iliyozinduliwa jana Mkoani hapo ambapo madereva walipatiwa makoti ya usalama barabarani (Reflectors) kwaajili ya usalama wao.

Mkuu wa Kikosi cha Usalama Barabarani Mkoa wa Arusha (RTO) Joseph Bukombe akimvisha kizibao cha kung'aa (Reflector) mmoja wa madereva bodaboda katika stendi kuu ya mabasi jijini Arusha wakati wa uzinduzi wa kampeni ya unywaji kiistarabu inayoratiiwa na Kampuni ya bia ya Serengeti (SBL) uliofanyika jana jijini humo.

Mkuu wa Kikosi cha Usalama Barabarani Mkoa wa Arusha (RTO) Joseph Bukombe akizungumza na madereva bodaboda mkoani Arusha wakati wa uzinduzi wa Kampeni ya unywaji kiistarabu inayoratibiwa na Kampuni ya Bia ya Serengeti (SBL).

Arusha, Friday, 5th April, 2019 -The Campaign dubbed ‘Don’t drink and Drive’ by Serengeti Breweries Ltd has today reached out to Arusha residents aiming at educating road users on responsible alcohol consumption, an initiative to support the government in curbing road accidents.

Launched at the Traffic Headquarters, the campaign was graced by Arusha Regional Traffic Police Officer (RTO), Josesph Bukombe and started with a forum to discuss responsible drinking among road users and other members of the society. Spearheaded by the regional traffic police division, the forum amassed various stakeholders in the transportation sector including Sumatra, drivers, motor cyclists (boda boda riders) and the general public.

Speaking during the event, SBL’s Director of Corporate Relations, John Wanyancha said that responsible drinking campaign aims at building awareness to the targeted cadre that an alcohol consumer need not to get addicted, noting that they can drink responsibly and get on with their pleasures without unprecedented incidences.

AFRICAN DEVELOPMENT BANK ANNOUNCES US$100 MILLION COMPREHENSIVE RELIEF, RECONSTRUCTION AND MITIGATION PLAN FOR MOZAMBIQUE, MALAWI AND ZIMBABWE

Following the devastating impact of Cyclone Idai and the unprecedented loss of life and property in Zimbabwe, Mozambique and Malawi, the African Development Bank has announced a multi-pronged response plan for the three countries.

The Bank will be providing emergency assistance to the affected countries and a medium-term plan to meet the reconstruction needs of the affected areas, including a climate risk insurance plan.

A high-level Bank delegation, headed by its Vice President for Corporate Services and Human Resources Mateus Magala, met with the President of Mozambique, H.E. Filipe Jacinto Nyusi, in the country’s capital, Maputo, to convey his sincere condolences on behalf of the Bank, and to announce the assistance.

Tropical Cyclone Idai was one of the worst tropical cyclones on record to affect Africa and the Southern Hemisphere. The long-lived storm caused catastrophic damage in Mozambique, Zimbabwe, and Malawi, leaving more than 1,000 people dead and thousands more missing.

President Nyusi described the Bank’s intervention as unique and comprehensive, assuring that it would go a long way to help victims restart their lives. He particularly welcomed the Bank’s expression of leadership in helping the country get climate insurance.

“The African Development Bank is our Bank. I have been interacting with the Bank for years now, but the intensity of engagement with the Bank’s current leadership is even higher than usual,” said the President of Mozambique.

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TOP STUDY SKILLS MENTOR DRILLS BARCLAYS SPONSORED STUDENTS AT UDSM

A total of 18 Barclays Bank Tanzania sponsorship awardees at the University of Dar es Salaam have benefitted from mentorship training aimed at fine-tuning their skills ahead of examinations and the demands of the job market ahead, delivered by Elevate, the top study skills provider in the world.

This is the second edition of the programme at the university involving top performing students sponsored by Barclays, who are selected through a three-tier process featuring an online audit of students, use of independent learning skills, and student engagements.

“We try to bridge the gap between the top performing students and the average students,” said Yolisa Motha, Head Presenter of Elevate Education, saying a notable 80 percent of success in examinations comes from preparations with the remaining from examination room endeavours.

She explained that the training is broad based and focus on using inherent but often ignored soft skills to enable students to gradually build capacity that enable them to perform better at examinations, while at the same time being able to cope with real-time job market situation.

LUKUVI COMMENDS NMB BANK FOR CHAMPIONING MORTGAGE FINANCING

Minister for Lands, Housing and Human Settlements Development - William Lukuvi speaking at the official opening of Nyumba Day event organized by NMB Bank in Arusha over the weekend. The Nyumba Day event is meant to create awareness on mortgage financing.

The Administrative Manager for Elerai Construction LTD – John Tarimo briefing the Minister for Lands, Housing and Human Settlements Development - William Lukuvi at the Nyumba Day event organized by NMB Bank in Arusha over the weekend. Looking on are NMB Bank’s Business Head Retail – Salie Mlay and The Bank’s Northern Zone Manager – Aikansia Muro.

Minister for Lands, Housing and Human Settlements Development - William Lukuvi shaking hands with the NMB Bank’s Northern Zone Manager – Aikansia Muro moments before the official opening of Nyumba Day event in Arusha over the weekend. Looking on is NMB Bank’s Business Head Retail – Salie Mlay.

Minister for Lands, Housing and Human Settlements Development - William Lukuvi shaking hands with the NMB Bank’s Northern Zone Relationship Manager Government Business – Christabel Hiza moments before the official opening of Nyumba Day event in Arusha over the weekend.

Arusha - Minister for Lands, Housing and Human Settlements Development - William Lukuvi has called NMB Bank to join forces with National Housing Corporation (NHC) and construct affordable houses for Tanzanians.

“The process of acquiring a building plot and a building permit takes very long and could at times be a frustrating one, it is my hope that the system will help address the nightmare that Tanzanians have to grapple with when thinking of a owning their houses,” said the Minister at the weekend at a ‘Nyumba Day Expo’ organized by NMB Bank

The Minister emphasized that the government had disbursed 421bn/- to financial institutions through the Mortgage Finance Act of 2008 with a view of improving the lives of Tanzanians, specifically in providing them with adequate housing.

Mr Lukuvi was speaking at the Nyumba day event organized by NMB Bank aimed at creating awareness on the bank’s mortgage financing in Arusha

“What the government has given to financial institutions is 300 times more than what NMB has allocated for mortgage, this has to be reflected on the kind of houses that will be owned by Tanzanians,” suggested the minister.

CRDB BANK CROWNED BEST ISSUER OF CHINA UNION PAY CARDS IN AFRICA

Tanzania’s Leading Commercial Bank, CRDB Bank Plc is China Union Pay's best issuer in Africa. China Union Pay is China's payments service for secured transactions. The system allows payments through a network of ATMs, Point of Sell terminals and online shopping at any merchant that accepts Union Pay, worldwide.

Acknowledging the recognition in Dar es Salaam, CRDB Bank CEO Abdulmajid Nsekela says the bank is aggressively pursuing unique business opportunities presented by technological solutions such as China Union Pay. “We are committed to offering reliable solutions to our customers using our TemboCard-China Union Pay Cards to empower Tanzanians doing business in China,” Mr. Nsekela says.

The CEO has also announced plans to increase the limits available to Tanzanian Traders withdrawing money from the China Union Pay platform, saying the current limits have proven to be a challenge. "We have had complaints from our clients regarding the withdrawal limits, which hinders large business transactions. We have discussed at length on the best solution, and we will soon provide a permanent solution,” the CEO says.

China Union Pay International CEO Cai Jianbo, who presented the Recognition Certificate to CRDB Bank acknowledged CRDB Bank’s support to the payments company. Mr. Jainbo expressed his satisfaction on how CRDB Bank is leveraging the bilateral ties to facilitate trade and empower businesses. “It is encouraging to learn that in such a short period, CRDB Bank has managed to issue more than 100,000 Union Pay cards, a number that is highest in the whole of Africa.

We are determined to empower CRDB Bank to build robust digital banking solutions” Mr. Jainbo says. China Union Pay is the largest card issuance Company in the world with more than 3.5 billion subscribers. UnionPay services are available at over 23 million businesses and 1.64 million ATMs in 168 other countries and regions.

In 2013 the company collaborated with CRDB Bank to offer the first co-branded payment debit card dubbed “TemboCard-China Union Pay." CRDB Bank also has a special business channel known as "China desk" that is specifically designed to facilitate banking transactions between Tanzania and China.

NMB BANK SIGNS A PARTNERSHIP AGREEMENT WITH UNION PAY INTERNATIONAL

NMB Bank's Acting Managing Director, Albert Jonkergouw (right) signs a partnership agreement with Union Pay International (UPI) Chief Executive Officer, Can Jianbo at a signing ceremony held in Dar es Salaam this week. The partnership is expected to transform the future of payments in the country by increasing and expanding the e-commerce market while increasing card payment services in Tanzania, China and beyond.

VIMTO DRINKS TO BE PRODUCED LOCALLY

Bakhresa Food Products has started to produce Vimto drinks locally thanks to a partnership with United Kingdom's Nichols Plc.

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TOUR AGENTS FROM KEY MARKETS JET IN TANZANIA

Tour agents from key South-East Asian tourism outbound markets arrived in the country on Monday to arrange for tour safaris in Tanzania for their clients in Asia.

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BANK OF AFRICA INTRODUCES THE NEW MANAGING DIRECTOR IN TANZANIA

On 2nd April 2019, BANK OF AFRICA - TANZANIA introduced the bank’s new Managing Director and CEO Mr. Joseph Iha together with two other members in the managerial level, Deputy Managing Director Mr. Samir Yassine and General Managing Credit & Control Mr. Ellis Katwebaze.

Addressing the bank’s staff members, clients and Bank of Tanzania Deputy Governor, Dr. Bernard Kibesse in Dar es salaam, Iha said digitization is the only way BOA under his management will consider as priority.

“We will focus on digitization to enhance self- service solutions especially for corporate customers. We will continue to invest in innovation and alignment of our products and services to make them relevant to meet specific needs of clients,” said Iha while acknowledging that he has inherited a health bank.

He promised to stay the course by improving service delivery, productivity while reducing cost and risk facing the bank’s products and services. “We will also focus on increasing value for business in the East African region,” the new BOA chief executive added.

BANK of Africa Tanzania Limited Board Chairperson, Ambassador Mwanaidi Maajar (left), BANK of Tanzania Deputy Governor, Dr. Bernard Kibesse (Center) and the new Managing Director, Mr. Joseph Iha at a Cocktail party in Dar es salaam recently.

BANK of Africa Tanzania Limited Board Chairperson, Ambassador Mwanaidi Maajar shaking hands with the newly appointed Managing Director, Joseph Iha at Serena Hotel, Dar es salaam.

BANK of Africa Tanzania Limited Board Chairperson, Mwanaidi Maajar (Centre) together with the high ranking officers of the bank introduced to customers the new Managing Director, Joseph Iha, Deputy Managing Director Samir Yassine and the General Manager, Credit and Control, Mr. Ellis Katwebaze at Cocktail party organized by the bank.

Bank of Africa newly appointed Managing Director, Joseph Iha introducing his management team to the clients, board members and Bank of Tanzania Deputy Governor, Dr. Bernard Kibesse during his inauguration in Serena Hotel, Dar es salaam recently.

BANK of Africa Tanzania Limited Board Chairperson, Mwanaidi Maajar sharing a light moment with the Ambassador of Kenya Embassy, Ambassador (Hon). Dan Kazungu.

Bank of Africa Tanzania Limited Board Chairperson, Ambassador Mwanaidi Maajar addressing the invited guests at the introduction of the newly appointed Managing Director & CEO of the bank.

DIAMOND TRUST BANK TANZANIA TAKES PART IN WORLD AUTISM DAY WALK

DTB-Tanzania staff members led by the CEO Mr. Viju Cherian (second on the right), Parents of children with Autism and other well-wishers take part in World Autism Day walk on Tuesday 2nd April 2019. The 4 KM walk from Mbezi Chini Whitesands neighbourhood to Autism Centre in Africana, was organized by Autism Therapy and Behaviours learning centre with the aim of raising awareness of the condition in the Tanzanian society. 

The event was officiated by the Chief Government Chief Medical Officer, Prof. Mohamed Bakari Kambi who represented the Minister of Health, Community Development, Gender, Seniors and Children, Hon. Ummy Mwalimu. More than 200 people took part in the charity walk which was titled “Walk for Voice and Hope – Autism awareness in Tanzania”.

DTB-Tanzania staff members, Parents of children with Autism and other well-wishers take part in World Autism Day walk on Tuesday 2nd April 2019. The 4 KM walk from Mbezi Chini Whitesands neighborhood to Autism Centre in Afrikana, was organized by Autism Therapy and Behaviours learning centrewith the aim of raising awareness of the condition in the Tanzanian society.

The Government Chief Medical Officer, Prof. Mohamed Bakari Kambi who represented the Minister of Health, Community Development, Gender, Seniors and Children, Hon. Ummy Mwalimu in commemoration of World Autism Day, addressing DTB-Tanzania staff members, Parents of children with Autism and other well-wishers at Autism Therapy and Behaviours learning centrein Africana Mbezi, after the 4 km charity walk to raise Autism awareness in the Tanzanian society. DTB-Tanzania donated Tzs 5 Million to the centre.

PRESIDENT MAGUFULI PARDONS CASHEW DEALERS, ORDERS 50BN/- PAYMENT, GIVES LAST WARNING TO EXPLOITATIVE MIDDLEMEN

President John Magufuli cuts a ribbon to launch renovation and expansion works on Mtwara Airport, at a ceremony held at the project site in Mtwara on Tuesday.

President John Magufuli on Tuesday ordered 50bn/- payment to 18,103 cashew-nut growers, including intermediaries, Kangomba, subject to confession to their exploitation of hapless peasants.

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