AIRTEL TANZANIA UNVEILS A NEW, AFFORDABLE SMARTPHONE MODEL

Airtel Tanzania Director of Marketing and Airtel Money, Isack Nchunda (left) speaks during the unveiling of a new and affordable smartphone model itel A23 which comes with a free 36GB valid for 12 months in an event held at the Airtel Mlimani city shop junction Dar es Salaam. The launch of the itel A23 is a partnership between Airtel and itel Mobile and will be available at all Airtel shops and open markets as from today. He is flanked by itel Mobile Marketing Director Eric Mkomoye.

Airtel Tanzania Director of Marketing and Airtel Money, Isack Nchunda (left) displays a new and affordable smartphone model itel P33 during its launch at Airtel shop at mlimani city Dar es Salaam. The new smartphone model itel A23 comes with a free 36GB valid for 12 months. On the right is itel Mobile Country Operation Manager, Vanuj Vanuj Khosla. 

Mkurugenzi wa Masoko Airtel Tanzania Isack Nchuda akiongea na waandishi wa habari wakati wa kuzindua simu mpya ya smartphone A23 kwa ushirikiano wa itel. Simu hiyo inakuja na GB 36 BURE kwa mwaka mzima. Kulia ni Mkuu wa Mawasiliano wa itel bw, Erick Mkomoya na Mkuu wa Mauzo itel, Vanuj Khosla. A23 ina ukumbwa wa kioo cha inchi 5 pamoja na kamera ya kisasa ya 5mp nyuma na mbele 2mp na inaweza kupiga picha kwa mazingira yeyote yale. Hafla ya uzinduz imefanyika katika duka la Airtel Mlimani City hivi karibuni.. 

Toka kushoto ni Meneja Uhusiano Airtel Tanzania, Jackson Mmbando, Mkurugenzi wa Masoko Airtel Tanzania, Isack Nchuda na Meneja Uhusiano wa itel, Erick Mkomoye wakizindua simu mpya ya smartphone A23 hivi karibuni. Simu hiyo inakuja na GB 36, bure kwa mwaka mzima kutoka Airtel. A23 ina ukumbwa wa kioo cha inchi 5 pamoja na kamera ya kisasa ya 5mp nyuma na mbele 2mp na inaweza kupiga picha kwa mazingira yeyote yale.

BENKI YA KCB TANZANIA KUTOA RUZUKU YA TSHS 85 MILIONI KWA WAKINA MAMA WAJASIRIAMALI

Mkuu wa Masoko na Mahusiano wa Benki ya KCB, Christine Manyenye (katikati) akizungumza na waaandishi wa habari wakati wa uzinduzi wa programu ya 2jiajiri ambapo jumla ya sh. milioni 85 zinatarajiwa kutolewa kwa wanawake 17 ili kukuza biashara zao. Aliyekaa kushoto kwake ni Mnufaika wa mafunzo hayo pia ni Mkurugenzi wa shule ya Sekondari ya East Coast ya Kibaha, Bhoke Mhini, kulia kwake ni Rojas Mdoe, Mkuu wa Kitengo cha Uendeshaji na Teknologia na mwishoni Mkuu wa Kitengo cha Wateja Wakubwa. Hafla hiyo imefanyika çivi karibuni Makao makuu ya Benki hiyo.

Mkuu Wa Masoko na Mahusiano wa Benki ya KCB, Christine Manyenye (katikati), akizungumza na waaandishi wa habari wakati wa uzinduzi wa programu ya 2jiajiri ambapo jumla ya sh. milioni 85 zinatarajiwa kutolewa kwa wanawake 17 ili kukuza biashara zao, aliyekaa kushoto kwake ni Mnufaika wa mafunzo hayo pia ni Mkurugenzi wa shule ya Sekondari ya East Coast ya Kibaha, Bhoke Mhini, kulia kwake ni Rojas Mdoe, Mkuu wa Kitengo cha Uendeshaji na Teknologia.

Mnufaika wa Mafunzo hayo na Mkurugenzi wa shule ya Sekondari ya East Coast ya Kibaha, Bhoke Mhini, akizungumza wakati wa hafla hiyo. Kulia ni Mkuu wa Masoko na Mahusiano wa Benki ya KCB, Christine Manyenye pamoja na Maofisa kutoka Benki hiyo.

207 ENTITIES OWNING TSHS 200 BILLION CAUTIONED

The Minister for Lands, Housing and Human Settlements Development, William Lukuvi has issued a nine-day ultimatum to 207 public and private institutions and companies owing the government over 200bn/- in land rent to settle their outstanding debts, failure to which they risk facing legal action.

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NMB BANK PLC - EXPRESSION OF INTEREST (EOI) FOR SUPPLY AND IMPLEMENTATION OF CORE BANKING SYSTEM (CBS)

CLYDE & CO UPDATER - NEW REGULATIONS ON ELECTRONIC FUNDS TRANSFER AND CASH TRANSACTION REPORTING

SOURCING OF MEDIA MONITORING SERVICE PROVIDER FOR NMB BANK PLC

M-PESA USERS TRANSACT TSHS 4 TRILLION MONTHLY

Vodacom Tanzania has said M-Pesa users are transacting over 4.1tri/- a month thus making the platform a key cash cow for the biggest telco in the country.

The firm, which registered a total customer growth of 9.6% to 14.1 million, said in a statement M-Pesa users for the year ended this March grew by 38.6% to reach 7 million subscribers.

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EXCITING EMPLOYMENT OPPORTUNITY AT CRDB BANK PLC - DIRECTOR OF INTERNAL AUDIT

MORTGAGE SECTOR REGISTERS RECORD GROWTH IN 2018, SAYS TANZANIA MORTGAGE REFINANCE COMPANY

PRESIDENT JOHN MAGUFULI, AIRTEL BOSS SPEAK OF HARD-BARGAINED DEAL

President John Magufuli looks on as Finance and Planning Minister, Philip Mpango receives a symbolic cheque for Sh3 billion from Bharti Airtel chairman Sunil Mittal at State House, Dar es Salaam, on Monday. The cash is compensation to the government after the two sides reached an agreement to settle a dispute over the ownership of Airtel Tanzania earlier this year.

The Government and India-based company struck a deal that came with a Sh5.27 billion paycheck.

Dar es Salaam - President John Magufuli and Bharti Airtel boss, Sunil Mittal have shed light into what they both described as tough negotiations for the ownership of the telecoms company, trading locally as Airtel Tanzania Limited.

President Magufuli and Mr. Mittal, who spoke at State House in Dar es Salaam on Monday, talked of the pressure from both sides to reach an agreement following a shareholding and profit sharing dispute.

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EXPRESSION OF INTEREST (EOI) FOR PRINTING AND SUPPLY OF NMB BANK PLC PRINTED FORMS

TRAINING ON MORTGAGE FINANCE, BANK OF TANZANIA, HEAD OFFICE FACILITIES, DAR ES SALAAM, 17 TH to 21 ST JUNE 2019

DAR ES SALAAM STOCK EXCHANGE - NOTICE OF ANNUAL GENERAL MEETING

WORK HARD, PRESIDENT JOHN MAGUFULI TELLS APPOINTEES

President John Magufuli, Commissioner of the Ethics Secretariat, Retired Judge Harold Nsekela and invitees witness as the newly appointed Industry and Trade Minister, Innocent Bashungwa, Njombe Regional Administrative Secretary, Charles Kichere and Tanzania Revenue Authority (TRA) Commissioner General, Edwin Mhede take oath at State House in Dar es Salaam on Monday.

President John Magufuli on Monday tasked his new appointees to work on nagging issues, citing poor performance by Tanzania Revenue Authority's (TRA) officials at border posts as the chronic problem.

He directed the new Minister for Industry and Trade, Innocent Bashungwa and TRA Commissioner General, Dr. Edwin Mhede to work hard and diligently.

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ECOBANK HOSTED BY LONDON STOCK EXCHANGE AFTER SUCCESSFUL $500 MILLION EUROBOND ISSUANCE

Ecobank Chairman, Emmanuel Ikazoboh (2nd from left) opens the London Stock Exchange with Group CEO Ade Ayeyemi (3rd from left).

London, 7 June 2019 – Following its successful $500 million Eurobond issuance, Ecobank Transnational Incorporated (‘ETI’), the Lomé-based parent company of the Ecobank Group, was hosted by the London Stock Exchange to a market opening ceremony to celebrate the successful listing of the Eurobond on the London Stock Exchange (LSE) main market.

The bond was oversubscribed with strong demand from international investors in the United Kingdom, United States, Europe, Middle East, Asia and Africa. It follows on from Ecobank’s 2017 convertible bond issuance on the International Securities Market.

The five-year senior unsecured notes, which mature in April 2024, were launched with a coupon interest rate of 9.50 percent per annum payable semi-annually in arrears.

NMB BANK PLC NOTICE - ISSUE OF UP TO TANZANIA SHILLINGS TWENTY FIVE BILLION (WITH A GREEN SHOE OPTION OF TANZANIA SHILLINGS FIFTEEN BILLION) FIXED RATE NOTES DUE IN 2022

CURRENT VACANCIES AT THE AFRICAN DEVELOPMENT BANK

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WORK STARTS HERE ON AFRICA’S NEW FREE TRADE AREA

At a time when the global trade regime is under attack, the African Union (AU) is celebrating the establishment of the African Continental Free Trade Area (AfCFTA), which came into effect on 30 May.

After being ratified by the required minimum 22 nations, all the member states of the AU are now legally bound to allow African goods to be traded without restraint throughout the continent.

This is an impressive achievement. AfCFTA not only covers the entire continent, but has proceeded at a record pace. It was signed on 21 March 2018. Its entry into force underlines African leaders’ commitment to pan-African economic integration – a goal as old as African independence in the 1960s.

Intra-regional trade has long been minimal in Africa, standing at 13% for intra-imports and 17% for intra-exports over the last seven years. Earlier continental trade initiatives, such as the 1980 Lagos Plan of Action and the 1991 African Economic Community, have lagged far behind their ambitions.

However, the practical implications of the continental free trade area are not immediate. Significant work is required to deliver tangible results. Negotiations on tariffs, time lines and the seat of the AfCFTA Secretariat are still ongoing. And without effective public policies, liberalising trade risks having negative implications for many people on the continent.

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DPO GROUP LAUNCHES AFRICA'S FIRST B2B VIRTUAL AND PREPAID PAYMENT CARD

60% OF DELHI METRO NOW POWERED BY SOLAR ENERGY FROM MADHYA PRADESH

More than half of Delhi Metro now runs on solar power coming all the way from Rewa in Madhya Pradesh. This means that 290 trains across 373 kilometers serving 2.6 million passengers in a single day are now green.

The solar park in Rewa is among the world’s largest single-site solar power plants spread over 1,590 acres.

The 1,590-acre Ultra Mega Solar Park in Rewa’s Gurh tehsil is among the largest single-site solar power plants in the world. And 24 percent of the park’s solar energy is being sold directly to the Delhi Metro Rail Corporation (DMRC), meeting almost 60 percent of its daytime demand.This will essentially help DMRC not only reduce its dependence on coal, but also save Rs. 793 crore on its energy bill over the next 25 years.

The Madhya Pradesh Power Management Company Ltd, which supplies power to the state electricity distribution companies, will get the remaining 76 per cent of the power produced from the Rewa solar power plant. An innovative scheduling exercise has enabled the solar plant to provide preferential uninterrupted power supply to Delhi Metro first, even on the days without optimum sun availability.

World Bank Group Support

The park, with an installed capacity of 750 megawatt, has been made possible with support from the World Bank and Clean Technology Fund through a US$ 18 million funding as part of a Shared Infrastructure for Solar Parks Project. The International Finance Corporation was the transaction advisor for the project.

The project will contribute immensely towards India’s aim of quadrupling its renewable energy capacity to 175 gigawatts (GW) by 2022, including 100 GW of solar power. The Indian government’s plan to ramp up solar power generation is among the largest in the world and will help bring sustainable, clean, climate-friendly electricity to millions.

The park will add 2.5 percent to India’s total installed solar capacity. It also aims to reduce greenhouse-gas emissions by 1.3 million tons every year and nearly double the state’s capacity to generate solar power.

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THE GLOBAL ECONOMY: HEIGHTENED TENSIONS, SUBDUED GROWTH

The global economy has slowed to its lowest pace in three years. It is on track to stabilize, but its momentum is fragile and subject to substantial risks.  

International trade and investment have been weaker than expected at the start of the year, and economic activity in major advanced economies, particularly the Euro Area, and some large emerging market and developing economies has been softer than previously anticipated.

Growth in the emerging and developing world is expected to pick up next year as the turbulence and uncertainty that afflicted a number of countries late last year and this year recedes, the World Bank’s June 2019 Global Economic Prospects: Heightened Tensions, Subdued Investment reports.

A number of risks could disrupt that delicate momentum: a further escalation of trade disputes between the world’s largest economies, renewed financial turmoil in emerging and developing economies, or a more abrupt deceleration of economic growth among major economies than is currently envisioned.

Of particular concern is a slowdown in global trade growth to the lowest level since the financial crisis ten years ago and a tumble in business confidence.

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CBA BANK TANZANIA HOSTS AN IFTAR FOR CLIENTS

CBA Bank CEO, Gift Shoko, addresses invited guests during the Iftar event.

30 May 2019, Dar-es-Salaam - CBA Bank Tanzania has hosted an annual iftar for their muslim clients. The Guest of Honour was the Minister of Natural Resources and Tourism, Dr. Hamisi Kigwangalla.

Thanking the clients for being part of an amazing journey down the years, CBA Bank Chief Executive Officer, Gift Shoko, noted that it was the commitment of not only the staff but also a strong loyal base of their existing customers. CBA Bank has had a great year so far which is based on an adoption of technology and customer service.

QNET CELEBRATES THE SPIRIT OF RAMADAN BY BRINGING JOY TO THE NEEDY AND HELPING COMMUNITIES ACROSS AFRICA INCLUDING TANZANIA

Children from ten orphanage centres in Dodoma region celebrating an Iftar hosted by QNET. The event brought together more than 200 children to celebrate Iftar with The Regional Sheikh of Dodoma, Mustapha Shaaban, members of the Muslim Council of Tanzania and QNET independent representatives.

Children from ten orphanage centres in Dodoma celebrating an Iftar hosted by QNET. The event brought together more than 200 children to celebrate Iftar with QNET Tanzania Consultant, Edward Mkony. 

Children from ten orphanage centres in Dodoma celebrating an Iftar hosted by QNET. The event brought together more than 200 children to celebrate Iftar with The Regional Sheikh of Dodoma, Mustapha Shaaban, members of the Muslim Council of Tanzania and QNET independent representatives.

The Regional Sheikh of Dodoma, Mustapha Shaaban and District Commissioner for Bahi, Mwanahamisi Mukunda (right) receiving donations from QNET on behalf of ten orphanage centres in Dodoma region during an Iftar event that brought together more than 200 children hosted by QNET. Left is QNET Consultant, Edward Mkony and QNET Independent Representative. The donation included one goat, 100 kg of rice, 50 kg of flour, 25 kg of beans, 25 kg of sugar and 20 litres of cooking oil to each orphanage centre. 

The Regional Sheikh of Dodoma, Mustapha Shaaban giving thanks to QNET during an Iftar event for more than 200 children from ten orphanage centres in Dodoma hosted by QNET. Sheikh Mustapha Shaaban commended QNET for the exemplary gesture of supporting the government’s move to Dodoma by choosing to host an Iftar event and donate foodstuff to orphanages in Dodoma region. He added that the gesture was in line with the spirit of charity, humanity and cooperation.

Children from ten orphanage centres in Dodoma region making prayers, giving thanks, after receiving a donation of foodstuff during an Iftar event for more than 200 children from ten orphanage centres in Dodoma region hosted by QNET. Also present are The Regional Sheikh of Dodoma, Mustapha Shaaban and District Commissioner for Bahi, Mwanahamisi Mukunda and representatives from Muslim council of Tanzania. 

Children from ten orphanage centres in Dodoma region receiving donation from QNET during an Iftar event that brought together more than 200 children hosted by QNET. Also present are The Regional Sheikh of Dodoma, Mustapha Shaaban, District Commissioner for Bahi Mwanahamisi Mukunda and representatives of the Muslim council of Tanzania. (Left) is Consultant, Edward Mkony and QNET independent representative. The donation included one goat, 100 kg of rice, 50 kg of flour, 25 kg of beans, 25 kg of sugar and 20 litres of cooking oil to each orphanage centre.

2 June 2019, Dodoma - QNET, a global e-commerce business, in line with its tradition and commitment to helping society, shared love, compassion and kindness by making donations and bringing joy to many less-privileged communities across Africa. In an exercise that was replicated across all the countries it has a presence in, in Africa, QNET along with its independent representatives, agents and staff brought joy, hope and smiles to many faces in the holy month of Ramadan.

QNET which is driven by the philosophy of RYTHM – ‘Raise Yourself to Help Mankind’ organizes this annual campaign to help enhance the lives of many less fortunate families and children, by providing them with necessities such as food, drinks and financial assistance for educational and humanitarian purposes.

AZANIA BANK HOST AN IFTAR EVENT FOR CLIENTS IN ARUSHA

Azania Bank's Managing Director, Charles Itembe talks to customers during an Iftar event which was organised by the bank for its customers in Arusha over the weekend.

Arusha Region's Assistant Sheikh, Rajab Kiungiza (centre) shakes hands with one of Azania Bank's customers during an Iftar event which was organised by Azania Bank for its customers in Arusha over the weekend. Looking on is Azania Bank's Managing Director, Charles Itembe (left).

WAZIRI WA TAMISEMI AZITAKA HALMASHAURI KUNUNUA HISA ZA BENKI YA DCB

Naibu Waziri Ofisa ya Rais Tawala za Mikoa na Serikali za Mitaa (TAMISEMI) Josephat Kandege, akisalimiana na Mwenyekiti wa Bodi ya Benki ya Biashara ya DCB, Prof. Lucian Msambichaka (kulia), alipokwenda kufungua Mkutano Mkuu wa Mwaka wa Wanahisa wa DCB jijini Dar es Salaam mwishoni mwa wiki. Kushoto nyuma ni Mkurugenzi Mtendaji wa DCB, Godfrey Ndalahwa na Meya wa Jiji la Dar es Salaam, Isaya Mwita (katikati). 

Naibu Waziri Ofisa ya Rais Tawala za Mikoa na Serikali za Mitaa (TAMISEMI) Josephat Kandege (wa pili kulia), akitembea na Mkurugenzi Mtendaji wa Benki ya Biashara ya DCB, Godfrey Ndalahwa (kulia kwake), baaada ya kufungua rasmi Mkutano Mkuu wa Mwaka wa Wanahisa wa DCB jijini Dar es Salaam mwishoni mwa wiki. Kulia ni Mwenyekiti wa Bodi ya benki hiyo, Prof. Lucian Msambichaka na kushoto ni Mkurugenzi wa Kitengo cha Sheria cha DCB, Regina Mduma. 

Naibu Waziri Ofisi ya Rais Tawala za Mikoa na Serikali za Mitaa (TAMISEMI) Josephat Kandege, akiagana na Mwenyekiti wa Bodi ya Benki ya Biashara ya DCB, Prof. Lucian Msambichaka (kulia), mara baada ya kufungua Mkutano Mkuu wa Mwaka wa Wanahisa wa benki hiyo jijini Dar es Salaam mwishoni mwa wiki. Wengine kutoka kushoto ni Mkurugenzi Mtendaji wa DCB, Godfrey Ndalahwa na Meya wa Jiji la Dar es Salaam, Isaya Mwita.

Naibu Waziri Ofisa ya Rais Tawala za Mikoa na Serikali za Mitaa (TAMISEMI) Josephat Kandege, akiagana na Mkurugenzi Mtendaji wa Benki ya Biashara ya DCB, Godfrey Ndalahwa (kushoto), mara baada ya kufungua Mkutano Mkuu wa 17 wa Mwaka wa Wanahisa wa benki hiyo jijini Dar es Salaam mwishoni mwa wiki. Wengine wa pili kushoto ni Meya wa Jiji la Dar es Saaam, Isaya Mwita na Mwenyekiti wa Bodi ya DCB, Prof, Lucian Msambichaka.

Naibu Waziri Ofisa ya Rais Tawala za Mikoa na Serikali za Mitaa (TAMISEMI) Josephat Kandege, akikaribishwa na Mkuu wa Masoko na Mawasiliano wa Benki ya Biashara ya DCB, Rahma Ngassa (kulia), alipokwenda kufungua Mkutano Mkuu wa 17 wa Mwaka wa Wanahisa wa DCB, jijini Dar es Salaam mwishoni mwa wiki. Kutoka wa pili kulia ni Mkurugenzi wa Jiji la Dar es Salaam, Sipora Liana na Mwanasheria wa DCB, Alex Mgongolwa.

Meya wa Jiji la Dar es Salaam, Isaya Mwita (wa pili kulia), akiagana na Mkurugenzi Mtendaji wa Benki ya Biashara ya DCB, Godfrey Ndalahwa, baada ya ufunguzi wa Mkutano Mkuu wa Mwaka wa Wanahisa wa benki hiyo jijini Dar es Salaam mwishoni mwa wiki. Wengine kushoto ni Mkurugenzi wa Kitengo cha Sheria cha DCB, Regina Mduma, Mwanasheria wa benki hiyo, Alex Mgongolwa na Mkurugenzi wa Jiji la Dar es Salaam, Sipora Liana.

Naibu Waziri Ofisi ya Rais, Tawala za Mikoa na Serikali za Mitaa (TEMISEMI), Josephat Kandege, akifungua Mkutano Mkuu wa 17 Mwaka wa Wanahisa wa Benki ya Biashara ya DCB, jijini Dar es Salaam mwishoni mwa wiki.

Mwenyekiti wa Bodi ya Benki ya Biashara ya DCB, Prof. Lucian Msambichaka, akizungumza katika mkutano huo kabla ya kumkaribisha mgeni rasmi, Naibu Waziri wa TAMISEMI.

Sehemu ya wanahisa wa Benki ya DCB wakihudhuria Mkutano Mkuu wa 17 wa Mwaka wa Wanahisa wa benki hiyo katika Ukumbi wa Diamond Jubilee, jijini Dar es Salaam juzi.

WITO umetolewa kwa halmashauri zote nchini kununua hisa za Benki ya Biashara ya DCB kwani licha ya kupata faida bali pia kunufaika na namna benki hiyo ilivyo na uzoefu katika kushirikiana na Manispaa za Mkoa wa Dar es Salaam katika suala la uendeshaji wa mitaji ya kifedha na usimamizi bora wa fedha.

Akisoma hotuba kwa niaba ya Waziri katika Ofisi ya Rais, Tawala za Mikoa na Serikali za Mitaa (TAMISEMI), Suleiman Jafo, Naibu Waziri wa TAMISEMI, Josephat Kandege aliyasema haya wakati akifungua Mkutano Mkuu wa 17 wa Mwaka wa Wanahisa wa DCB jijini Dar es Salaam mwishoni mwa wiki.

Alisema kwa nyakati tofauti ofisi ya Rais TAMISEMI imekuwa ikitoa maelekezo kwa halmshauri nyingine ziige mfano wa Manispaa ya Dar es Salaam kwa kununua hisa za Benki ya DCB ambayo kimsingi ndio chimbuko la kuanzishwa kwa benki hii.

EAST AFRICAN BREWERIES BOARD APPOINTMENT - JOHN ULANGA

FSDT REQUEST FOR PROPOSALS - COMPREHENSIVE REVIEW OF THE OPPORTUNITY ON SUPPLY CHAIN FINANCE IN TANZANIA