DKT. NCHEMBA ATETA NA UONGOZI WA IMF KUHUSU UTEKELEZAJI WA BAJETI

Waziri wa Fedha, Mhe. Dkt. Mwigulu Lameck Nchemba (Mb) (katikati), Mkurugenzi Mtendaji wa Kundi la Kwanza la Nchi za Afrika la Shirika la Fedha la Kimataifa (IMF) (The Executive Director of the IMF– Africa Group 1 Constituency (AfG1), Bw. Willie Nakunyada (wapili kushoto), Katibu Mkuu Wizara ya Fedha, Dkt. Natu El-maamry Mwamba (wa pili kulia), Katibu Mkuu Ofisi ya Rais Fedha na Mipango Zanzibar, Dkt. Juma Malik Akil (wa kwanza kushoto), na Gavana wa Benki Kuu ya Tanzania, Bw. Emmanuel Tutuba (wa kwanza kulia) wakiwa katika picha ya pamoja baada ya kikao chao wakati wa mikutano ya Majira ya Kipupwe (Spring Meetings) ya Benki ya Dunia na Shirika la Fedha la Kimataifa (IMF) yenye kauli mbiu ya “Vision to Impact” inayoendelea jijini Washington D.C, nchini Marekani. Katika kikao hicho tathmini ya mwenendo wa uchumi wa Tanzania ilijadiliwa pamoja na utekelezaji wa program ya IMF chini ya mpango wa "Extended Credit Facility-(ECF)" inayofanikisha utekelezaji wa Sera za kiuchumi na upatikanaji wa mikopo nafuu kwa nchi kutoka kwa washirika wa maendeleo.

Waziri wa Fedha, Mhe. Dkt. Mwigulu Lameck Nchemba (Mb), akizungumza jambo wakati akiongoza ujumbe wa Tanzania katika kikao na Mkurugenzi Mtendaji wa Kundi la Kwanza la Nchi za Afrika la Shirika la Fedha la Kimataifa (IMF) (The Executive Director of the IMF– Africa Group 1 Constituency (AfG1), Bw. Willie Nakunyada, wakati wa mikutano ya Majira ya Kipupwe (Spring Meetings) ya Benki ya Dunia na Shirika la Fedha la Kimataifa (IMF).

Mkurugenzi Mtendaji wa Kundi la Kwanza la Nchi za Afrika la Shirika la Fedha la Kimataifa (IMF) (The Executive Director of the IMF– Africa Group 1 Constituency (AfG1), Bw. Willie Nakunyada, akizungumza jambo wakati wa kikao chake na Waziri wa Fedha, Mhe. Dkt. Mwigulu Lameck Nchemba (Mb), aliyeongoza ujumbe wa Tanzania, wakati wa mikutano ya Majira ya Kipupwe (Spring Meetings) ya Benki ya Dunia na Shirika la Fedha la Kimataifa (IMF).

Waziri wa Fedha, Mhe. Dkt. Mwigulu Lameck Nchemba (Mb) (katikati), akisikiza jambo wakati wa kikao na Mkurugenzi Mtendaji wa Kundi la Kwanza la Nchi za Afrika la Shirika la Fedha la Kimataifa (IMF) (The Executive Director of the IMF– Africa Group 1 Constituency (AfG1), Bw. Willie Nakunyada. Wengine katika picha ni Katibu Mkuu Wizara ya Fedha, Dkt. Natu El-maamry Mwamba (kulia) na Katibu Mkuu Ofisi ya Rais Fedha na Mipango Zanzibar, Dkt. Juma Malik Akil (kushoto).

Ujumbe wa Tanzania (kulia) ukiongozwa na Waziri wa Fedha, Mhe. Dkt. Mwigulu Lameck Nchemba (Mb) (wanne kulia), ukiwa katika kikao na Mkurugenzi Mtendaji wa Kundi la Kwanza la Nchi za Afrika la Shirika la Fedha la Kimataifa (IMF) (The Executive Director of the IMF– Africa Group 1 Constituency (AfG1), Bw. Willie Nakunyada, wakati wa mikutano ya Majira ya Kipupwe (Spring Meetings) ya Benki ya Dunia na Shirika la Fedha la Kimataifa (IMF) yenye kauli mbiu ya “Vision to Impact” inayoendelea jijini Washington D.C, nchini Marekani. Wengine katika picha ni Katibu Mkuu Wizara ya Fedha, Dkt. Natu El-maamry Mwamba (wa tatu kulia), Katibu Mkuu Ofisi ya Rais Fedha na Mipango Zanzibar, Dkt. Juma Malik Akil (wa tano kulia), Gavana wa Benki Kuu ya Tanzania, Bw. Emmanuel Tutuba (wapili kulia) na Kamishna wa Idara ya Fedha za Nje Wizara ya Fedha, Bw. Rished Bade (wa sita kulia).

Waziri wa Fedha, Mhe. Dkt. Mwigulu Lameck Nchemba (Mb) (Kulia), akiagana na Mkurugenzi Mtendaji wa Kundi la Kwanza la Nchi za Afrika la Shirika la Fedha la Kimataifa (IMF) (The Executive Director of the IMF– Africa Group 1 Constituency (AfG1), Bw. Willie Nakunyada.

Na Benny Mwaipaja, Washington D.C.

Waziri wa Fedha, Mhe. Dkt. Mwigulu Lameck Nchemba (Mb), ameliambia Shirika la Fedha la Kimataifa (IMF) kwamba utekelezaji wa Bajeti Kuu ya Serikali unaathiriwa na hali mbaya ya hewa inayosababishwa na mabadiliko ya tabianchi ambapo kiasi kikubwa cha fedha ambacho kingeelekezwa kwenye utekelezaji wa miradi ya maendeleo ya wananchi kinaelekezwa kukabiliana na athari za mafuriko yaliyotokea katika maeneo mbalimbali nchini Tanzania kufuatia mvua za el nino zinazoendelea kunyesha.

Dkt. Nchemba ameyasema hayo alipoongoza ujumbe wa Tanzania katika kikao na Mkurugenzi Mtendaji wa Kundi la Kwanza la Nchi za Afrika wa Shirika la Fedha la Kimataifa (IMF), Bw. Willie Nakunyada, kando ya mikutano ya Majira ya Kipupwe (Spring Meetings) ya Benki ya Dunia na Shirika la Fedha la Kimataifa (IMF) inayoendelea jijini Washington D.C, nchini Marekani.

Alisema kuwa wakati wa utekelezaji wa Bajeti inayoendelea ya mwaka 2023/2024 mabadiliko ya tabianchi yameathiri mtiririko wa utoaji wa fedha kwenda kwenye miradi ambayo ingesaidia kwa kiasi kikubwa kuchachua shughuli za kiuchumi badala yake zinatumika kurekebisha miundombinu iliyoharibiwa na mafuriko ikiwemo madaraja, barabara, na miundombinu mingine ya huduma za jamii.

TWO DECADES AGO, TELEVISION WAS A SYMBOL OF WEALTH

By Manish Jangra, Country Head, Samsung Electronics Tanzania.

Dar es Salaam - If you ask me to name the most common electrical appliance that Tanzanians had at home over the past two decades, I will tell you that it was the television.

You might be surprised, but that's largely the reality compared to the current situation where almost every household activity is done with a home appliance.

If you asked anyone during that time why they didn’t buy an electric stove, kettle, refrigerator, washing machine, blender, or air conditioner, they would tell you that it was a luxury to have them and that they increased electricity expenses, thus the cost of living.

But the situation has changed significantly; many people are considering different ways to simplify their daily lives, by doing multiple things within a short time.

According to Statista, in 2024, revenue in the household appliances market in Tanzania reached 3.03 billion US dollars. This market is estimated to grow annually by 5.54% (CAGR 2024-2028).

By 2024, online sales are expected to contribute 1.1% of all revenue in the household appliances market in Tanzania. In addition, the household appliances market is expected to experience a growth of 3.9% in 2025.

KAMPUNI YA SUKARI YA KILOMBERO YATOA MSAADA WILAYA YA KILOMBERO

Morogoro-Kilombero, 17 Aprili 2024; Kampuni ya sukari ya kilombero imetangaza ushiriki wake katika kutoa msaada wa kibinadamu kwa jamii inayoishi wilaya ya Kilombero, ambayo imeathiriwa vibaya na matukio ya mafuriko yanayoendelea nchini kote yaliyo sababishwa na mvua kubwa.

Hafla hii ya utoaji msaada imefanyika katika ofisi ya Mkuu wa Wilaya ya Kilombero, ambapo kampuni imetoa mchango wa tani sita za mahitaji muhimu ya chakula, ikiwa ni pamoja na maharage, unga wa mahindi, na mchele. Mchango huu unatarajiwa kusaidia zaidi ya kaya 500 zilizoathiriwa na mafuriko.

Wakati wa kukabidhi mchango huo, wenye thamani ya Shilingi za Tanzania milioni 15, Bwana Victor Byemelwa, Meneja wa Mawasiliano na Uhusiano na Wadau wa Kampuni ya Kilombero Sugar, Amesema msaada huo ni sehemu ya Programu ya Misaada ya Maafa ya kampuni. "Kilombero Sugar inaahidi kujali ustawi wa jamii yetu. Mchango wa leo unadhihirisha utayari na uadilifu wetu kwa jamii tunayoihudumia. Tumetoa msaada kwa zaidi ya familia 500, Kwa kulenga mahitaji yanayohitajika kwa haraka zaidi.

Zaidi ya hayo, Bwana Byemelwa amewahimiza wadau wengine kuunga juhudi za serikali za kusaidia jamii zilizoathiriwa na mafuriko ya hivi karibuni,Pia amesisitiza umuhimu wa hatua za pamoja dhidi ya mabadiliko ya hali ya hewa. Hii ikithibitisha tena dhamira ya Kampuni ya Kilombero Sugar kwa uhifadhi wa mazingira.

DSE ENTERPRISE ACCELERATION PROGRAM (DEAP)

We are now receiving applications for this upcoming 2024 DEAP cohort. 

Send your applications to deapenquiries@dse.co.tz stating the following;

1. Business name
2. Short description of the business
3. Asset value
4. Name of the business representative
5. Mobile number & email address
6. Business location
7. Industry

Selected applicants will be fully sponsored to attend the DEAP.

JSG TRAVELLERS BAGS OUTSTANDING & EXCELLENT BUSINESS TRAVEL AWARD

JSG Travellers Managing Director, Venancia J. Msita (centre) receives the prestigious award at the ceremony in Accra, Ghana.

JSG Travellers has been honored with the Outstanding & Excellent Business Travels Award at the The Sophisticated, High-Networth & Excellence (SHE) Global Awards, annual business ceremony to honour successful women change-makers, held in Accra, Ghana on 12th - 13th April, 2024.

With Ghana positioning itself as a beacon of peace and provider of enabling business ecosystem for investment as well as the home of tourism and hospitality, the organisers choose Accra as the best destination in Africa to host the fifth edition.

The theme for this year’s celebration, ‘The Queen of Sustainability’, underscores the need to live sustainably in ramifications without causing damage to the climate; and seeks to recognise businesswomen impacting the United Nations (UN) Sustainable Development Goals (SDGs) positively through their activities.

The glittering ceremony honoured heroines under four broad categories – Achievers awards, Women in the Corporate Sector awards, Female Entrepreneurs and Young Female Leaders awards.

A heartfelt thank you to JSG Travellers Managing Director, Venancia J. Msita, for her exemplary leadership. We're dedicated to exceeding expectations and delivering unparalleled service to our clients. Let's continue to soar together under the JSG flag!

Special thanks to Tanzania Women CEO’s Roundtable Management for their valuable contribution as well as recommendations during vetting processes!

GGML and PCCB TEAM UP FOR ANTI-CORRUPTION CAMPAIGN

Supply Chain Manager, Cyprian Mtweve presenting on Procurement Process and Policies at GGML.

Geita's District Commissioner, Mr. Hashim Abdallah Komba (centre) pictured with DCP, RBC and GGML Senior Management.

Geita Gold Mining Limited (GGML) and the Prevention and Combating Corruption Bureau (PCCB) launched a four-day workshop to raise awareness and lead the fight against corruption. The workshop is expected to run until April 18th, 2024.

This is the sixth anti-corruption workshop organized by GGML and PCCB in the Geita region, allowing stakeholders to participate in various plenary sessions and discussions about law and company policies with the goal of preventing and combating corruption and bribery.

Geita's District Commissioner, Mr. Hashim Abdallah Komba, spoke on behalf of the Geita Regional Commissioner and commended GGML and PCCB for their continuous efforts to host workshops that highlight corruption-related issues that have been depriving people of their rights to various services, providing a positive example for other organizations.

TANZANIA YATETA NA UONGOZI WA IDARA YA SERA ZA KIBAJETI - IMF-FAD

Waziri wa Fedha, Dkt. Mwigulu Lameck Nchemba Madelu (Mb), akizungumza wakati ujumbe wa Tanzania ulipokutana na kufanya mazungumzo na Uongozi wa Idara ya Sera ya Kibajeti ya Shirika la Fedha la Kimataifa (IMF-FAD), Kando ya Mikutano ya Majira ya Kipupwe (Spring Meetings) ya Benki ya Dunia na Shirika la Fedha la Kimataifa IMF, inayoendelea Jijini Washington D.C nchini Marekani, ambapo pamoja na mambo mengine wamejadili namna ya kuimarisha ushirikiano kwa kutoa misaada ya kiufundi ili kuboresha mifumo na sera za kodi na ukusanyaji wa mapato ya Serikali.

Katibu Mkuu Wizara ya Fedha, Dkt. Natu El-maamry Mwamba, akizungumza wakati ujumbe wa Tanzania ulioongozwa na Waziri wa Fedha, Dkt. Mwigulu Lameck Nchemba Madelu (Mb) (hayupo pichani), ulipokutana na kufanya mazungumzo na Uongozi wa Idara ya Sera ya Kibajeti ya Shirika la Fedha la Kimataifa (IMF-FAD), Kando ya Mikutano ya Majira ya Kipupwe (Spring Meetings) ya Benki ya Dunia na Shirika la Fedha la Kimataifa IMF, inayoendelea Jijini Washington D.C nchini Marekani.

Ujumbe wa Tanzania (kulia) ukiongozwa na Waziri wa Fedha, Dkt. Mwigulu Lameck Nchemba Madelu (Mb) (katikati) wakiwa katika mazungumzo na Uongozi wa Idara ya Sera ya Kibajeti ya Shirika la Fedha la Kimataifa (IMF-FAD) (kushoto), Kando ya Mikutano ya Majira ya Kipupwe (Spring Meetings) ya Benki ya Dunia na Shirika la Fedha la Kimataifa IMF.

Naibu Mkurugenzi wa Idara ya Sera ya Kibajeti ya Shirika la Fedha la Kimataifa (IMF-FAD), Bw. Abdelhak Senhadji, akizungumza jambo wakati ujumbe wa Tanzania ulioongozwa na Waziri wa Fedha, Dkt. Mwigulu Lameck Nchemba Madelu (Mb) (hayupo pichani), ulipokutana na kufanya mazungumzo na Uongozi wa Idara hiyo, Kando ya Mikutano ya Majira ya Kipupwe (Spring Meetings) ya Benki ya Dunia na Shirika la Fedha la Kimataifa IMF.

Waziri wa Fedha, Dkt. Mwigulu Lameck Nchemba Madelu (Mb), (kushoto mstari wa mbele), akimsikiliza Katibu Mtendaji wa Tume ya Mipango, Bw. Lawrence Mafuru (kulia mstari wa mbele) wakati wa mazungumzo na Uongozi wa Idara ya Sera ya Kibajeti ya Shirika la Fedha la Kimataifa (IMF-FAD), Kando ya Mikutano ya Majira ya Kipupwe (Spring Meetings) ya Benki ya Dunia na Shirika la Fedha la Kimataifa IMF, inayoendelea Jijini Washington D.C nchini Marekani. Wengine katika picha ni Katibu Mkuu Wizara ya Fedha, Dkt. Natu El-maamry Mwamba (katikati mstari wa mbele) na Viongozi waandamizi wa Wizara ya Fedha, Mamlaka ya Mapato Tanzania - TRA na Shirika la Fedha la Kimataifa-IMF walioketi mstari wa nyuma.

Na. Joseph Mahumi, WF, Washington.

Waziri wa Fedha Mhe. Dkt. Mwigulu Nchemba (Mb), ameongoza Ujumbe wa Tanzania ulipokutana na kufanya mazungumzo na Uongozi wa Idara ya Sera ya Kibajeti ya Shirika la Fedha la Kimataifa (IMF-FAD), Kando ya Mikutano ya Majira ya Kipupwe (Spring Meetings) ya Benki ya Dunia na Shirika la Fedha la Kimataifa IMF, inayoendelea Jijini Washington D.C nchini Marekani ambapo pamoja na mambo mengine wamejadili namna ya kuimarisha ushirikiano kwa kutoa misaada ya kiufundi ili kuboresha mifumo na sera za kodi na ukusanyaji wa mapato ya Serikali.

Mkutano huo umehudhuriwa pia na Katibu Mkuu Wizara ya Fedha, Dkt. Natu El-maamry Mwamba, Katibu Mkuu Ofisi ya Rais Fedha na Mipango Zanzibar, Dkt. Juma Malik Akil, Kamishna Msaidizi wa Mamlaka ya Mapato Tanzania- TRA, Bw. Mcha Hassan Mcha, Viongozi waandamizi wa Wizara ya Fedha na Shirika la Fedha la Kimataifa-IMF.

NCHI ZA AFRIKA KUNUFAIKA NA UANACHAMA WAKE KWENYE NCHI 20 TAJIRI DUNIANI

Katibu Mkuu Wizara ya Fedha, Dkt. Natu El-maamry Mwamba, akizungumza wakati wa Mkutano wa Mawaziri wa Fedha na Magavana wa Benki Kuu za Afrika, waliojadili maeneo ya kipaumbele ambayo nchi za Afrika zinahitaji kuyasukuma kama agenda mahususi katika mikutano ya Kundi la nchi 20 Tajiri Duniani (G20) baada Umoja wa Africa kupewa kiti katika kundi hilo. Mkutano huo umefanyika katika Ofisi za Kamisheni ya Umoja wa Afrika, kando ya mikutano ya Kipupwe ya Benki ya Dunia na Shirika la Fedha la Kimataifa (IMF), Jijini Washington D.C, Marekani.

Gavana wa Benki Kuu ya Tanzania, Bw. Emmanuel Tutuba, akifuatilia Mkutano wa Mawaziri wa Fedha na Magavana wa Benki Kuu za Afrika, waliojadili maeneo ya kipaumbele ambayo nchi za Afrika zinahitaji kuyasukuma kama agenda mahususi katika mikutano ya Kundi la nchi 20 Tajiri Duniani (G20) baada Umoja wa Africa kupewa kiti katika kundi hilo. 

Katibu Mkuu Wizara ya Fedha, Dkt. Natu El-maamry Mwamba (Kulia), akiteta jambo na Waziri wa Fedha na Mipango ya Maendeleo ambaye pia ni Gavana Mstaafu wa Benki Kuu ya Lesotho, Dkt. Adelaide Retselisitsoe Matlanyane, wakati wa Mkutano wa Mawaziri wa Fedha na Magavana wa Benki Kuu za Afrika, waliojadili maeneo ya kipaumbele ambayo nchi za Afrika zinahitaji kuyasukuma kama agenda mahususi katika mikutano ya Kundi la nchi 20 Tajiri Duniani (G20).

Katibu Mkuu Wizara ya Fedha, Dkt. Natu El-maamry Mwamba (katikati), akifuatilia Mkutano wa Mawaziri wa Fedha na Magavana wa Benki Kuu za Afrika, waliojadili maeneo ya kipaumbele ambayo nchi za Afrika zinahitaji kuyasukuma kama agenda mahususi katika mikutano ya Kundi la nchi 20 Tajiri Duniani (G20). 

Baadhi ya Mawaziri wa Fedha na Magavana wa Benki Kuu za Afrika, wakiwa katika mkutano uliowakutanisha Mawaziri na Magavana hao.

Na Benny Mwaipaja, Washington D.C.

TANZANIA imeishauri Kamisheni ya Umoja wa Afrika (AUC), kutumia kikamilifu fursa ya kiti cha uwakilishi wa Umoja wa Afrika katika Kundi la nchi Ishirini Tajiri Duniani (G20), kutetea maslahi ya nchi za Afrika ili ziweke kukabiliana na changamoto mbalimbali zinazokwaza maendeleo ya nchi hizo ikiwemo madeni makubwa, maradhi, kilimo kisicho na tija, mabadiliko ya tabia nchi, uharibifu wa mazingira pamoja na matumizi hafifu ya teknolojia.

Ushauri huo umetolewa na Katibu Mkuu Wizara ya Fedha, Dkt. Natu El-maamry Mwamba, kwa niaba ya Waziri wa Fedha, Dkt. Mwigulu Lameck Nchemba, wakati wa Mkutano wa Mawaziri wa Fedha na Magavana wa Benki Kuu za nchi za Afrika, uliofanyika Kando ya Mikutano ya Kipupwe ya Benki ya Dunia na Shirika la Fedha la Kimataifa (IMF), iliyoanza rasmi jana Jijini Washington D.C nchini Marekani.

Dkt. Mwamba alisema kuwa Tanzania inaona kuwa nafasi hiyo ni muhimu kwa kuwa itachangia kutimiza malengo yake pamoja na ya nchi za Afrika kutekeleza na kusimamia vipaumbele vyake vya kuimarisha uchumi na huduma za kijamii kwa wananchi.

Aliyataja maeneo manne ya kimkakati yanayotakiwa kupewa msukumo mkubwa katika G20, ikiwemo maendeleo endelevu ya kiuchumi, uhimilivu wa madeni na Sekta ya fedha, Ulinzi wa mazingira na kukabiliana na mabadiliko ya Tabianchi, Maendeleo ya kilimo, Usalama wa chakula, afya, biashara na uwekezaji.

Dkt. Mwamba alifafanua kuwa nchi za Afrika zinahitaji kusaidiwa kuwa na miundombinu ya kijani, nishati jadidifu, matumizi ya teknolojia za kidigiti vitakavyochochea ukuaji wa uchumi jumuishi utakaozinufaisha nchi zote za Bara la Afrika.

CRDB BANK PROPOSES HIGHEST EVER DIVIDEND OF 50/-

CRDB Bank Group CEO & Managing Director, Abdulmajid Nsekela speaks at a press conference in Dar es Salaam over the weekend to announce the Audited Financial Results for the Financial Year 2023. 

Dar es Salaam: CRDB Bank has announced a dividend of 50/- a share, the highest since it was established.

The dividend rate came after the CRDB bank’s impressive financial results for the year ending last December, demonstrating a remarkable 21 per cent growth in profit after tax.

CRDB, the largest bank in terms of balance sheet, saw its net profit surging from 351bn/- in 2022 to 423bn/- last year.

The proposed 50/- dividends per share to shareholders for 2023, bring the total dividend to 131bn/-, representing a growth of 11 per cent year on year.

However, according to the bank’s statement, the proposed dividend is subject to regulatory approval.

The Bank’s Group CEO and Managing Director, Abdulmajid Nsekela, attributed the robust performance to the successful execution of its strategic focus on sustainable growth and the development of a resilient business model capable of navigating regional and international challenges.

“We are pleased to announce another year of significant growth, solidifying our position as a key player in the financial sector in the region. The impressive financial results reflect our commitment to delivering value to our stakeholders,” Mr. Nsekela said in a statement.

The Bank’s stellar performance was primarily contributed by growth in both funded income and non-funded income.

TIGO LAUNCHES FIBER FOR HOME & OFFICE INTERNET, A PIONEER IN TANZANIA

Tigo Chief Business Officer, John Sicilima (left) speaks to the Media during the launch of Tigo Home/Office Fiber Service, pioneering the service in the Tanzania telecoms market. He is flanked by Tigo’s Head of Brand and Communications, Anna Loya.

• Mbweni Town in Dar es Salaam to be the first beneficiary of the new fiber internet service

Dar es Salaam, 16th April, 2024: Tanzania’s leading digital lifestyle company, Tigo, has launched a first-of-its kind Fiber to Home and Fiber to Office internet service that is designed to enable consumers and businesses to have access to reliable, low latency and high-speed internet for households and businesses.

The ground-breaking service underscores Tigo’s commitment to support the digital transformation in Tanzania with the deployment of cutting-edge technologies and services benefiting every consumer and business in their localities.

Commenting on the Tigo’s commitment to transform digital landscape in Tanzania, Tigo Tanzania CEO, Kamal Okba said, “We are extremely proud to be the first telecommunication company to launch Fiber to Home and to Office connectivity in Tanzania. This cements our position as leaders in digital lifestyle transformation while at the same time contributing to the realization of digital Tanzania agenda.”

Speaking during the launch of Tigo Fiber, Tigo’s Head of Brand and Communication, Anna Loya, said, “We are commitment to innovation and customer satisfaction, we have invested extensively in deploying state-of-the-art fiber technology to deliver unparalleled connectivity experiences empowering businesses and households with enhanced productivity and collaboration capabilities. The new Tigo Fiber service promise ultra-fast stable internet speed, unmatched customer services and support to revolutionize the way Tanzanians connect and engage with the digital world.”

TANZANIA COMMERCIAL BANK APPOINTS DANIEL MBOTTO AS DIRECTOR OF CREDIT

Tanzania Commercial Bank is pleased to announce the appointment of Daniel F Mbotto as the Director of Credit effective immediately.

Mr. Mbotto, over the last two decades has been instrumental in driving growth and development of the banking sector. He comes in as a fundamental asset to the bank as he boasts over 16 years of honed experience in Strategic Leadership for Financial Institutions across the country.

He has served as Chief Credit Officer, NMB Bank PLC for 3 years during which he provided strategic leadership oversight, risk appetite setting, innovation to digital lending, sustainability and cultural transformation of work ethics. Additionally, he led in the management of a profitable lending portfolio in East Africa with a book size of $3.4bn at a cost of risk of less than 1.2%.

Prior to NMB Bank PLC, he served as Head of Credit, Stanbic Bank Tanzania managing CIB Credit including origination, credit management of Corporates and Investment Banking for international and local clients. Mr Mbotto brings to the table, close to two decades worth of skills and experience as he has worked for multiple banks, both countrywide and globally, especially serving in the capacity of Head of Credit.

Mr. Mbotto holds a 1st class Honors Bachelor in Business Management, specializing in Finance Management from Mysore University, India as well as a 1st class Honors Diploma in Business Administration, specializing in Marketing from College of Business Education, Tanzania.

Mr Adam Mihayo, CEO of Tanzania Commercial Bank commented that “On behalf of the entire team at TCB, I am excited and honoured to welcome Mr Mbotto, who I believe will play a pivotal role in the bank as the Director of Credit. We are eager to foster collaborations and achieve great financial milestones as we grow together for the empowerment of our people.”

PIGA *150*53# KULIPIA KIFURUSHI CHA DStv COMPACT

Piga *150*53# kulipia kifurushi cha Compact usipitwe na mechi hizi ndani ya @dstvtanzania pekee

#bomalasokanidstv
#Sokabiladstvhainogi
#unakosaje

AfDB PRESIDENT TO CO-CHAIR CLEAN COOKING SUMMIT WITH LEADERS OF TANZANIA, NORWAY & INTERNATIONAL ENERGY AGENCY

• Global leaders from government, private sector and civil society will meet in Paris on 14 May for the first-ever leaders’ summit dedicated to making 2024 a turning point for clean cooking access in Africa.

The African Development Bank Group President Dr Akinwumi Adesina will co-chair the upcoming Summit on Clean Cooking in Africa alongside President Samia Suluhu Hassan of Tanzania, Prime Minister Jonas Gahr Støre of Norway and International Energy Agency Executive Director Fatih Birol.

An estimated four in five Africans cook their meals over open fires and traditional stoves, using wood, charcoal, animal dung and other polluting fuels. The practice has devastating impacts on health, gender equality, and the environment, with 600,000 Africans, mainly women and children, dying annually from indoor pollution.

Dr Adesina said: “Access to clean cooking isn’t merely an energy issue. It is a fundamental human right, and a promise for a healthier, and more sustainable future. The African Development Bank is committed to tackling this challenge head-on, and I am therefore pleased to co-chair the Summit on Clean Cooking in Africa alongside distinguished global leaders.”

“President Suluhu Hassan, Prime Minister Støre and I are delighted to welcome President Adesina as a co-chair for the Summit,” said Dr Birol. “The African Development Bank has been involved in early preparations and has been a critical partner for the IEA on the issue of clean cooking. Its support will be an invaluable addition to this major Summit, which aims to deliver strong policy recommendations and additional financial commitments, while cementing clean cooking as a global priority for years to come.”

JUMAPILI YA KIBABE NDANI YA DStv COMPACT

Jumapili ya kibabe ndani ya #Bomalasoka ambapo

• Liverpool kukipiga na Crystal Palace
• Arsenal kuvaana na Aston Villa

Unadhani kikosi gani kati ya Arsenal au Liverpool kitaendelea kukaa kileleni?

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#mfalmewasokanidstv
#unakosaje

TBL, CRDB FOUNDATION COLLABORATE ON PRE-FINANCING BARLEY FARMING

Tanzania Breweries Limited (TBL), one of Tanzania’s top manufacturers and employers and a key partner in the socio-economic development of the country, has signed a Memorandum of Understanding (MoU) with the CRDB Bank Foundation to collaboratively implement the Barley Farming Pre-financing Seed Capital Scheme.

This collaboration, rooted in TBL's Smart Agriculture Initiative, represents a key milestone in the company's efforts to promote sustainable farming practices and empower local communities across Tanzania.

The TBL’s Smart Agriculture Initiative aims to equip 100% of its direct farmers by 2025, ensuring they are skilled, connected, and financially empowered. By focusing on cultivating sorghum, barley, and grapes, which are essential resources for TBL's operations, the initiative directly supports farmers in enhancing productivity and leveraging natural resources efficiently.

With excitement for the collaboration, Michelle Kilpin, Tanzania Breweries Limited Managing Director, said: “By combining the efforts of both TBL and CRDB Bank Foundation, the partnership aims to significantly boost the barley sector and enhance the economic welfare of small-holder farmers in Tanzania.

I believe our partnership is a good example of how collaboration can play a positive role in bringing about positive change and creating value for various stakeholders. Having reached this milestone today, we are confident that it will be the catalyst for similar activities across the country, and we believe that this initiative will be an inspiration to others.”

Through this alliance with the CRDB Bank Foundation, TBL seeks to integrate financially empowered criteria into its smart agriculture framework, enabling farmers to adopt sustainable practices that promote environmental stewardship and reduce reliance on chemical inputs.

This partnership underscores TBL's broader commitment to achieving the United Nations Sustainable Development Goals, particularly SDG 2, which emphasizes achieving zero hunger; SDG 12, for responsible consumption and production; SDG 13, for climate action; and SDG 17, to enhance partnership for the goals.

The Foundation’s initiative, named the iMbeju program, aims to boost the barley sector and enhance the economic welfare of small-holder farmers across Manyara, Karatu, and Monduli Districts for the 2024 agriculture season. The TBL and CRDB Bank Foundation aspire to drive long-term sustainability and resilience in the agriculture sector.

The CRDB Bank Foundation Managing Director, Ms. Tully Esther Mwambapa, says the iMbeju program has been on the market for almost a year now and has attracted a huge number of youth and women, its primary target. To date, she says that the program, which involves financial literacy training and the provision of seed capital, has trained around 250,000 women and offered seed capital to the tune of TZS 5 billion.

GALAXY AI NOW SUPPORTS MORE LANGUAGES WITH LATEST UPDATE

Samsung continues to break down language barriers and innovate communication for more users through Galaxy AI

Samsung Electronics Co., Ltd. today announced the upcoming expansion of three new languages for Galaxy AI: Arabic, Indonesian, and Russian, as well as three new dialects: Australian English, Cantonese, and Quebec French. In addition to the 13 languages already available, Samsung empowers even more Galaxy users around the world to harness the power of mobile AI. In addition to these new languages and dialects, Samsung plans to add four more languages later this year, including Romanian, Turkish, Dutch, and Swedish, as well as traditional Chinese and European Portuguese.

“Committed to democratizing mobile AI for all, Galaxy AI's language expansion this year will allow even more Galaxy users to communicate beyond language barriers on a scale that is completely unique to Samsung,” said TM Roh, President and Head of Mobile eXperience Business at Samsung Electronics. “We will continue to innovate our technology and pioneer premium mobile AI experiences so that even more users are equipped with the right tools to unleash their unlimited potential.”

Galaxy AI Feature Descriptions

• Live Translate produces two-way, real-time voice and text translations of phone calls, making it easier than ever to book reservations while traveling or chat with your grandparents in their native language.
• Interpreter can instantly translate live conversations through a user-friendly split-screen view, allowing people standing opposite each other to read a text translation of what the other person is saying.
• Chat Assist can help perfect conversational tones by generating context-aware suggestions to ensure communication sounds as it was intended, whether it’s a polite message to a coworker or a short catchy phrase for a social media caption.
• Note Assist can create AI-generated summaries, pre-formatted templates and cover pages, elevating your day-to-day productivity.
• Transcript Assist uses AI and Speech-to-Text technology to transcribe, summarize and even translate voice recordings.
• Browsing Assist helps you stay up to speed on what’s happening in the world while saving time by generating concise summaries of news articles or web pages.

CRDB FOUNDATION, SUGECO KUWEZESHA MAFUNZO KWA VITENDO KWA WAHITIMU 2,500 NJE YA NCHI

Katika kufungua fursa za kuongeza umahiri katika fani zao, Taasisi ya CRDB Bank Foundation kwa kushirikiana na Sokoine University Graduate Entrepreneurs Cooperative (SUGECO) imesaini mkataba wa miaka mitatu kuwawezesha zaidi ya wahitimu 2,500 wa Chuo Kikuu cha Kilimo cha Sokoine (SUA).

Akizungumza kwenye hafla ya utiaji saini makubaliano hayo, Mkurugenzi wa Mawasiliano wa Benki ya CRDB na Mkurugenzi Mtendaji wa CRDB Bank Foundation, Tully Esther Mwambapa amesema kwa zaidi ya mwaka mmoja sasa taasisi yake imekuwa ikitekeleza Program ya Imbeju inayotoa mafunzo ya ujasiriamali pamoja na mtaji wezeshi kwa vijana na wanawake.

Tangu walipofungua dirisha la maombi mwaka mmoja uliopita, vijana 709 walijitokeza na kati yao, asilimia 40 kati yao walitoka katika sekta ya kilimo ambayo inaongoza kwa kuliingizia taifa fedha za kigeni huku ikilihakikishia taifa chakula cha kutosha kwa mwaka mzima.

Kwa kushirikiana na wabia, Tully amesema kilimo kinapewa msisitizo zaidi kwa kutambua mchango wake katika kuliingizia taifa fedha za kigeni, kutoa ajira kwa Watanzania pamoja na kuihakikishia Tanzania usalama wa chakula.

“SUGECO ni mbia wetu mpya katika uwezeshaji wa vijana hasa wanaojihusisha na kilimo. Kwa kutambua umuhimu wa mafunzo kwa vitendo katikakuwajengea uwezo vijana, CRDB Bank Foundation imetenga Euro milioni 24 sawa na Shilingi bilioni 67 kwa ajili ya programu hii zitakazotolewa ndani ya miaka mitatu ya ushirikiano wetu na SUGECO ili kuwaandaa vijana mahiri watakaoajiria au kujiajiri kwenye sekta ya kilimo,” amesema Tully.

KITOMARI BANKING & FINANCE BLOG CELEBRATING 10 YEARS OF BLOGGING!

Dear Readers, Followers, Clients, and Friends,

It's with immense joy and gratitude that I write to you today, marking a significant milestone in our journey together - the 10th anniversary of Kitomari Banking & Finance Blog!

A decade ago, I embarked on this digital adventure, fueled by passion, curiosity, and the desire to share stories, insights, and knowledge with the world. Little did I know the incredible ride that awaited us - the friendships formed, the connections made, and the impact created through our blog posts.

Reflecting on the past ten years fills me with a profound sense of gratitude. Gratitude for each of you - the loyal readers who have journeyed alongside us, the clients for their endless support, the fellow bloggers who have inspired and challenged us, and the countless individuals who have engaged with our content, leaving their mark on our community.

Together, we've explored diverse topics, delving into banking, finance, business, economics, science, technology, investment, stock markets, real estate, and beyond. We've laughed together, pondered life's mysteries, and sometimes, even shed a tear or two. But through it all, we've grown - individually and collectively.

As we celebrate this milestone, let's not only look back on the past but also ahead to the future. The journey doesn't end here; it evolves. There are still stories untold, adventures awaiting, and dreams yet to be realized. Let's continue to learn, to create, and to connect - building a community that uplifts, inspires, and empowers each other.

To the next ten years and beyond - may they be filled with even more laughter, learning, and love.

Thank you for being a part of this incredible journey. Here's to us - the past, present, and future of Kitomari Banking & Finance Blog!

With heartfelt gratitude,

Arden M. Kitomari.

ARSENAL vs BAYERN MUNICH NDANI YA DStv COMPACT

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LIQUID INTELLIGENT TECHNOLOGIES YAJIZATITI KUHAKIKISHA TANZANIA INAKUWA KITOVU CHA TEKNOLOJIA KWA AFRIKA MASHARIKI

Meneja wa Kitengo cha Mtandao na Usaidizi wa Uendeshaji wa Liquid Intelligent Technologies (Liquid), Afka Charles (katikati) akipokea cheti alichokabidhiwa baada ya kushinda tunzo za Annual Tanzania Service Excellence Awards 2024 zilizoandaliwa na Chartered Institute of Customer Management (CICM) mwanzoni mwa mwaka jijini Dar es Salaam huku akishuhudiwa na Mkurugenzi wa Biashara ya Kimataifa na Diplomasia ya Uchumi wa Wizara ya Mambo ya Nje na Ushirikiano wa Afrika Mashariki, Balozi John Ulanga (kulia). Kampuni hiyo ilishika nafasi ya tatu katika kipengele cha ‘Sekta Bora Katika Mawasiliano’ na nafasi ya pili katika kipengele cha 'Shirika Lililoboreshwa Zaidi', ikionyesha umakini wake katika ukuaji na ubora endelevu.

Mkurugenzi wa Biashara ya Kimataifa na Diplomasia ya Uchumi wa Wizara ya Mambo ya Nje na Ushirikiano wa Afrika Mashariki, Balozi John Ulanga (kushoto) akikabidhi cheti kwa Kaimu Mkuu wa Kitengo cha Huduma kwa Wateja wa Liquid Intelligent Technologies (Liquid), Neema Phiri (wa pili kushoto) baada ya kushinda tunzo za Annual Tanzania Service Excellence Awards 2024 zilizoandaliwa na Chartered Institute of Customer Management (CICM) mwanzoni mwa mwaka jijini Dar es Salaam. 

Meneja wa Kitengo cha Mtandao na Usaidizi wa Uendeshaji wa Liquid Intelligent Technologies (Liquid), Afka Charles (kushoto) pamoja na Kaimu Mkuu wa Kitengo cha Huduma kwa Wateja, Neema Phiri (kulia) wakiwa wameshikilia vyeti walivyokabidhiwa baada ya kushinda tunzo za Annual Tanzania Service Excellence Awards 2024 zilizoandaliwa na Chartered Institute of Customer Management (CICM).

Liquid Intelligent Technologies (Liquid), sehemu ya Cassava Technologies, kampuni ya teknolojia iliyopo Afrika nzima inayofanya shughuli zake nchini Tanzania, imejizatiti kuhakikisha kuwa Tanzania inakuwa kitovu cha teknolojia kwa Afrika Mashariki kwa kutoa huduma za ubora wa hali ya juu kupitia uboreshaji endelevu ili kuwanufaisha wateja nchini kote.

Hayo yamebainisha baada ya kampuni hii kutunukiwa tuzo mbili za heshima zilizoandaliwa na Taasisi ya Usimamizi wa Wateja zilizotolewa mwanzoni mwa mwaka huu jijini Dar es Salaam.

“Kwa makadirio ya ukuaji wa Pato la Taifa kwa asilimia 6.3 mwaka 2024, Tanzania inapitia mabadiliko ya kidijitali ambayo ni ishara nzuri ya kukua zaidi kiuchumi. Tuzo hizi ni uthibitisho wa dira yetu ya kujenga Tanzania iliyounganishwa kidijitali ambayo haimwachi mtu nyuma. Tunaamini kwamba ubora wa huduma ni sehemu muhimu ya safari hii, na tumejizatiti kuendelea kuboresha huduma zetu ili kukidhi mahitaji ya wateja wetu yanayobadilika kila kukicha. Tumefurahi kupokea tuzo hizi na tutahakikisha kuwa wateja wetu wanaendelea kupata huduma bora ya kiwango cha hali ya juu kuendana na chapa yetu,” alisema Manish Govindji, Mkurugenzi Mtendaji wa Liquid Intelligent Technologies Tanzania.