LLOYDS TO PAY $370M IN FINES OVER INTEREST RATE RIGGING

Lloyds Banking Group has agreed to pay fines totalling $370m to U.S. and British authorities investigating its part in a global interest rate rigging scandal and manipulating fees for a government lending scheme.

Reuters reports that the settlement is the seventh joint penalty handed out by U.S. and British regulators in connection with the attempted manipulation of the London interbank offered rate, orLibor, and other similar benchmarks, which are used to price around $450 trillion of financial products worldwide.

Lloyds' settlement follows British rivals Barclays and Royal Bank of Scotland, which agreed to pay fines of $453m and $612m respectively in 2012 and 2013.

The penalties comprise a fine of $178m by Britain's Financial Conduct Authority, $105m by the U.S. Commodity Futures Trading Commission and an $86m fine by the U.S. Department of Justice.

To access the complete Reuters article hit the link below:

Lloyds Banking Group to pay $370 million Libor rigging fines

IMF UPBEAT ON TANZANIA'S NATURAL GAS SECTOR

TANZANIA has a good chance of becoming a major producer and exporter of natural gas over the next decade, said the International Monetary Fund (IMF).

Significant offshore discoveries have been made over the last two to three years and further exploration is underway, the fund said in its recent country report for Tanzania.

"Although gas resources haven't yet been declared commercially viable, estimates of discoveries indicate recoverable offshore gas resources of at least 24 trillion - 26 trillion cubic feet, potentially sufficient for a four-train Liquid Natural Gas plant (possibly as a common facility for several upstream gas fields)," it said.

"A final investment decision is expected at the earliest in 2016 or 2017." Total investment during the development phase could amount to $20 billion-$40 billion, depending on the scale of the project. This would be the largest investment ever in Tanzania, with gas production starting in the 2020s, the IMF said.

KCB TANZANIA DIRECTOR TOUTS SUSTAINABLE BUSINESS OPERATIONS

CLIENTS of KCB Tanzania have been encouraged to use sustainable trade system which is centered in profit, economic development, social welfare and environmental quality.

The system helps the sustainable manufacturing of assets from the company to the country level, including company shareholders, employees, communities, distributors and the government.

This was disclosed over the weekend by the bank's Executive Director, Mr Moezz Mir, at a dinner organised for bigger clients in Dar es Salaam.

Mr Mir said the sustainable trade system does not look at today's generation but future generations as it brings economic development, for example suitable payment of tax, increased jobs and investment in key sectors such as education and health.

SWALA OIL TO LIST ON DAR ES SALAAM STOCK EXCHANGE

Dar es Salaam — Swala Oil and Gas Tanzania Plc said it will now list on the Enterprise Growth Market (EGM) on the Dar es Salaam Stock Market.

This comes after its Intial Public Offering (IPO) was overscribed. Swala Oil (Tanzania) is a subsidiary of Swala Energy of Australia who own 65% of the the shareholdings.

Swala Oil CEO, Dr. David Ridge said, "With the successful completion of the IPO the company will now proceed to list on the Enterprise Growth Market of the Dar es Salaam Stock Exchange."

The company said in a statement last week, it has successfully completed its IPO and the placement of 13.3 million shares with 1,869 new and existing shareholders.

TANZANIA WOMEN'S BANK HELPS WITH PLOTS

Dar es Salaam, Tanzania — Tanzania Women's Bank (TWB) together with town planners, have started a new scheme of helping women and small entrepreneurs to acquire plots.

Under a Land Mortgage Agreement, TWB Managing Director, Margareth Mattaba Chacha said interested business people must open an account with Tanzania Women Bank.

"If you want to join the move, you must first have an account with us with the minimum 30 percent balance but its depends on the size of the plot thereafter the bank will facilitate you to acquire the plot for your own uses.

"We are very serious with this. That is why we are collaborating closely with land planners to ensure the area is well surveyed and the all process should be legally to avoid inconveniences in the long run," she said.

BANK OF TANZANIA CLEARS HABIB AFRICAN BANK OF MONEY LAUNDERING

LOCALLY registered Habib African Bank (HAB) Limited has no direct links with Habib Bank AG Zurich of Switzerland, which was fined 525,000 pounds sterling by Financial Service Authority of UK for engaging in money laundering.

Bank of Tanzania (BoT) spokesperson Zalia Mbeo told the 'Daily News' over the weekend that HAB is Tanzanian and has local registration with full compliance to the law.

"Habib Bank AG Zurich (HBZ) is not related to the Habib African Bank Ltd Tanzania in terms of shareholding and directorship.

Therefore, Habib Bank AG Zurich is not a parent bank of Habib African Bank in Tanzania," said Ms Mbeo in written response to the 'Daily News.'

TANZANIA TO EXPORT 10,000 TONNES OF TOBACCO TO CHINA

Yunnan — CHINA Yunnan Tobacco International Company said it would start buying tobacco leaf from Tanzania and this season the firm is going to buy 10,000 tonnes.

The move follows the agreement signed during President Xi Jinping visit in the country in March, last year.

The Vice-President of Yunnan Tobacco International, Ms Yang Xuemei, told the 'Daily News' that the buying of tobacco leaf from Tanzania was made possible after the signing of the bilateral trade deal.

"Depending with the demand on China's side and trade conditions between the two countries, the volume of tobacco bought is expected to increase next year," Ms Yang said when answering this paper's questions in Kunming, the capital city of Yunnan Province, about 2,500 kms south west of Beijing.

UCHUMI COMMERCIAL BANK SEEKS TO EXPAND SERVICES IN KILIMANJARO

Moshi — UCHUMI Commercial Bank (UCB) Ltd in Kilimanjaro Region has registered a 14.3 per cent profit rise as it targets to raise its capital from 2.5bn/- to 7bn/- by 2017.

Speaking at the bank's annual general meeting during the weekend, Chairman of Board of Directors, Mr Wilson Ndesanjo said that the level of capital will ensure availability of sufficient liquidity for effective lending, cater for expansion of services, meet regulatory requirements and finance well equipped delivery system.

Mr Ndesanjo said they realised 599.2m/- before tax as compared to 524.2 m/- in 2012 and that the board has recommended a dividend of 10 per cent to shareholders.

He said that profit after tax declined slightly from 379.5m/- achieved in 2012 to 369.3m/- during the year under review. This financial year is the first in the bank's five year's business strategic plan for the period 2013 - 2017.

MHE. OMAR MJENGA AFANYA KIKAO NA MKURUGENZI MKUU NHC BWN. NEHEMIAH MCHECHU NA MKURUGENZI MTENDAJI WA KAMPUNI YA DAMAC, BWN. SONIL VOHOR

Balozi Mdogo wa Tanzania, Dubai, Mhe. Omar Mjenga, akifanya kikao nyumbani kwake na Mkurugenzi Mkuu wa Shirika la Nyumba la Taifa (NHC), BW. Nehemiah Mchechu na Mkurugenzi Mtendaji wa Kampuni ya ujenzi ya DAMAC ya Dubai, Bw. Sonil Vohor. Kampuni ya DAMAC imekubali kuingia ubia na NHC kwenye ujenzi wa nyumba za makazi na biashara, na hotel za nyota tano na kiwanja cha golf. Mwezi huu Julai tarehe 17, DAMAC walifanya ziara Tanzania kupata taarifa muhimu (fact finding mission). Mwenyekiti wa DAMAC Bw. Hussain Sajwan, atafanya ziara Tanzania mwezi Septemba 2014.

Bw. Sonil Vohor (kushoto), Mhe. Omar Mjenga (katikati) na Bw. Nehemiah Mchechu (kulia) katika picha ya pamoja.

Source: Michuzi Blog

EID MUBARAK FROM CRDB BANK

AZANIA BANK YAFUTARISHA WATEJA WAKE MJINI KAHAMA

MENEJA WA AZANIA BENKI LIMITED, TAWI LA KAHAMA, BWANA GEOFFREY MAHONA, AKIONGEA KWENYE SHUGHULI YA FUTARI ALIYOWAANDALIA WATEJA WA BENKI HIYO NA BAADHI YA WANANCHI WA KAHAMA KATIKA UKUMBI WA HALMASHAURI YA KAHAMA HIVI KARIBUNI.

SHEIKH WA WILAYA YA KAHAMA, MKOANI SHINYANGA, SHEIKH OMAR DAMKA AKIONGOZA WATEJA NA WANANCHI WA KAHAMA WALIOALIKWA KATIKA FUTARI ILIYOANDALIWA NA BENKI YA AZANIA TAWI LA KAHAMA HIVI KARIBUNI KATIKA UKUMBI WA HALMASHAURI YA KAHAMA.

ALHAJ JAHA, AMBAYE NI MMOJA WA WATEJA WA AZANIA BANK LIMITED, NAYE ALIKUWEPO KWENYE FUTARI HII ILIYOANDALIWA NA BENKI YA AZANIA TAWI LA KAHAMA KUWAFUTURISHA WATEJA WAKE WAISLAM NA BAADHI YA WANANCHI WAISALM WA KAHAMA HIVI KARIBUNI.

SEHEMU YA WATEJA KINAMAMA WA KAHAMA WALIOKUWEPO KWENYE SHUGHULI HIYO YA FUTARI ILIYOANDALIWA NA BENKI YA AZANIA KAHAMA KATIKA UKUMBI WA HALMASHAURI YA KAHAMA HIVI KARIBUNI.

SEHEMU YA WATEJA NA WANANCHI WA KAHAMA WAKIFUTURU KWENYE FUTARI WALIYOANDALIWA NA AZANIA BENKI LIMITED, HIVI KARIBUNI MJINI KAHAMA KATIKA UKUMBI WA HALMASHAURI.

Source: Michuzi Blog

NAKUMATT OPENS ITS FIRST DAR ES SALAAM STORE TODAY

Regional retailer, Nakumatt Holdings, has officially opened the first of its three new branches in Tanzania, formerly owned by Shoprite, the South African retailer.

As part of a phased out opening plan, Nakumatt Holdings, has now opened what will be its flagship store in Tanzania at Mlimani City Mall, to be known as Nakumatt Mlimani. The 48th Nakumatt store has been outfitted to the signature Nakumatt corporate colours and layout.

Alongside Nakumatt Mlimani, the retailer, is also burning the midnight oil to ensure the opening of Nakumatt Pungu Road; in Dar Es Salaam, which will also house its Tanzania Headquarters and Nakumatt Arusha in the coming days.

By opening the three key branches in succession, Nakumatt will have effectively boosted its branch network to 50, a milestone that was part of its Nakumatt 2.0 corporate development strategy earlier announced way back in 2011.

NAKUMATT YAFUNGUA TAWI LA KWANZA JIJINI DAR ES SALAAM LEO, YAPANGA KUFUNGUA MENGINE MAWILI SIKU ZIJAZO

KAMPUNI ya Nakumatt Holdings, imezindua rasmi tawi la kwanza kati ya matawi yake matatu makubwa nchini Tanzania ambayo awali yalimilikiwa na Kampuni ya Shoprite ya Afrika ya Kusini. Ikiwa ni mpango wake mpya wa kuboresha zaidi huduma zake, Nakumatt holdings, imezindua tawi hilo kubwa ambalo litakuwa utambulisho muhimu wa huduma zake katika eneo la biashara la Mlimani City litakaloitwa Nakumatt Mlimani. 

Tawi hilo la 48 la Nakumatt limepambwa kwa rangi na mwonekano wa alama za Nakumatt na kwa ubunifu wa hali ya juu. Pamoja na Nakumatt Mlimani, kampuni hiyo pia iko mbioni kuzindua tawi lengine kubwa litakalojulikana kama ‘Nakumatt Pugu Road’ jijini Dar es salaam ambako pia kutakuwa makao yake makuu. Pia itafungua Nakumatt Arusha siku zijazo.  Kwa kufungua matawi yake matatu moja baada ya jingine, Nakumatt pia itakuwa imefikisha matawi 50 katika mtandao wake wa huduma za uuzaji bidhaa na hivyo kutekeleza mkakati wake wa maendeleo ambao ulizinduliwa mwaka 2011. 

Akizungumza wakati wa uzinduzi wa duka lake la kwanza Dar es Salaam, Mkurugenzi Mtendaji wa Nakumatt Holdings, Atul Shah alisema kufunguliwa kwa matawi matatu mapya yaliogharimu takriban dola za Marekani milioni 3 ni sehemu ya mpango ya upanuzi wa huduma za uuzaji bidhaa katika kanda ya Afrika. Kutokana na uzinduzi wa Tawi la Nakumatt Mlimani, Shah alisema kuwa Nakumatt sasa ina maduka mawili makubwa yanayofanya kazi nchini Tanzania. Nakumatt Mlimani inaungana na duka jingine la la Nakumatt Moshi lililofunguliwa mwaka 2011 katika mji huo ambako kuna Mlima Kilimajaro. 

”Uzinduzi wa Nakumatt Mlimani ni ndoto ya muda mrefu ambayo sasa imekuwa kweli ambapo tumekuwa tukifikira mahali pa kuweka duka letu jijini Dar es salaam na maeneo mengine nchini Tanzania,” alisema Shah na kuongeza: “Uzinduzi huu pia ni hatua nzuri itakayopelekea uzinduzi mwingine wa duka letu la 50 katikati ya Agosti ambapo tutakuwa tumefanikiwa kufikia malengo yetu tuliyojiwekea kuyafikia Februari mwakani.” 

Maduka matatu ya Shoprite yalifungwa mwezi uliopita ili kufanikisha kazi ya kuyaboresha zaidi sambamba kwa kuzingatia viwango na uzoefu wa Nakumatt. Pia Nakumatt inatarajia kufungua matawi mengine matatu ya biashara nchini Kenya kabla ya mwisho wa mwaka huu. Pia kampuni hiyo itakuwa na duka kubwa katika eneo kubwa la kifahari la Green Square mjini Kericho nchini Kenya. 

Shah alisema Nakumatt ina mkakati wa kukuza biashara wa kampuni ambao unategemea zaidi uwepo wa vitega uchumi ambapo kampuni inaweza kuendesha shughuli zake za maduka ya supermaketi. Shah aliongeza kwa kusema: “ Kwa sasa tunaendesha shughuli zetu katika nchi 12 na tunashirikiana na wamiliki wa maeneo ya biashara nchini Kenya ambao wanaweza kutoa huduma za kujenga maeneo ya maduka makubwa katika maeneo ya Machakos, Nyeri, Kajiado, Garissa, Embu, Naivasha,Narok Busia and Homabay.” 

Ili kutimiza masharti ya Nakumatt, Shah aliwahimiza waendelezaji wa maeneo ya biashara na Mameneja wa Miradi kushauriana na wataalam wa Nakumatt kuhusu namna ya kuboresha uchoraji wa ramani na ujenzi wenye mvuto kwa wateja katika maduka ya kampuni hiyo.

Wafanyakazi wa Nakumatt Mlimani wakifurahia wakati wa sherehe za ufunguzi wa mall hiyo Mlimani City jijini Dar es salaam leo.

Furaha ya kuanza kazi Nakumatt Mlimani leo.

Mkurugenzi Mtendaji wa Nakumatt Holdings, Atul Shah akimuonesha baadhi ya bidhaa Naibu Waziri wa Viwanda na Biashara Mhe Janet Mbene wakati wa ufunguzi huo leo.

Naibu Waziri wa Viwanda na Biashara Mhe Janet Mbene akiangalia bidhaa wakati wa ufunguzi huo leo.

Source: Michuzi Blog

PRESS RELEASE: HOSPITALITY ROUNDTABLE, OCTOBER 6-7, 2014, DAR ES SALAAM, TANZANIA

Growth of Hospitality and Tourism Industry in Tanzania Leads to the Need for More Cross Sector and International Integration

The first Hospitality Roundtable on the East African hospitality and tourism industry will bring together leading suppliers, buyers, investors, and cross sector service providers for a comprehensive overview of this rapidly expanding market. The Conference will be held in Dar es Salaam Tanzania from October 6-7, 2014 at the Julius Nyerere International Convention Centre.

"The 2014 Hospitality Roundtable is particularly important," said conference organizer and international hospitality expert Meelis Kuuskler. “The hospitality and tourism industry is poised to grow at unprecedented rates. But, this development can only materialize if stakeholders can build a sturdy ecosystem to facilitate its sustained growth. With communication, innovation, and a coordinated planning effort, we can build on the solid foundation that East Africa has already established.”

NATIONAL MICROFINANCE BANK (NMB): TAARIFA KWA WATEJA WETU

Kutokana na taarifa tuliyoipata kutoka Baraza la Kiislam Tanzania (BAKWATA), sikukuu ya Eid El Fitr inatarajiwa kuwa 28th Julai na 29th Julai au 29th Julai na 30th Julai 2014 kutegemea kuandama kwa mwezi.

Ili kukuhakikishia huduma bora katika kipindi chote cha mwisho wa wiki pamoja na sikukuu ya Eid El Fitr, matawi yetu yatakuwa wazi kama ifuatavyo.

Matawi yote yatakuwa wazi siku ya Jumapili tarehe 27th Julai 2014 kuanzia Saa 4:00 asubuhi hadi Saa 8:00 mchana.

Matawi yatakuwa yamefungwa siku ya Eid Pili, isipokuwa matawi ya NMB Mlimani City, NMB Mtaa wa Kongo - Kariakoo na tawi la NMB Tegeta yote ya Dar-es-salaam yakuwa wazi kuanzia Saa 4:00 hadi Saa 10:00 jioni.

Katika kipindi chote hiki Huduma zetu za NMB Mobile, ATM na kituo Huduma kwa Wateja zitaendelea kufanya kazi kama kawaida.

Kuwasiliana na Huduma kwa Wateja tafadhali piga: +255-714-150-660 au +255-764-700-500 au +255-784-105-900 au +255-722-551-166 au +255-2216500.

Tunawatakia Eid Mubarak

Menejimenti ya NMB.

LLOYDS BANKING GROUP FACES FINE OF UP TO £300M OVER LIBOR RIGGING

Bailed-out Lloyds Banking Group appears poised to become the latest financial firm to be penalised for rigging Libor and is said to be facing a fine of between £200m and £300m.

The bank, 24% owned by the taxpayer, is expected to pay the fine to the City regulator, the Financial Conduct Authority, as well asregulators in the US, which are involved the extensive investigation into the potential rigging of the benchmark interest rate. The penalty for Lloyds comes more than two years after Libor manipulations at Barclays were exposed and regulators on both sides of the Atlantic imposed a £290m fine.

That fine in June 2012 has since been followed by settlements with Swiss bank UBS, bailed-out Royal Bank of Scotland, Dutch bank Rabobank, and two money brokers, Icap and RP Martin.

Lloyds would not comment on a report in the Financial Times about the scale or timing of the fine, which, it was reported, could be announced ahead of the bank's half-year results, due on Friday.

BARCLAYS TO ASK FOR DISMISSAL OF DARK POOL LAWSUIT

Barclays asked a judge to throw out New York Attorney General Eric Schneiderman’s lawsuit that accused the bank of lying to customers and hiding the role of high-frequency traders to boost its dark pool profile.

Bloomberg News reports that the London-based bank said the lawsuit fails to show any investors were harmed and is based on 'clear and substantial factual errors', according to a filing Thursday in Manhattan state court. The attorney general’s office also took New York’s securities law - the Martin Act - too far in bringing the lawsuit, the bank alleged.

The law, a powerful anti-fraud statute that can be used by the New York attorney general’s office, is 'limited to actions for fraud in the purchase or sale of ‘securities’ and doesn’t extend to all actions related to finance', Barclays said. The allegations in the case concern an alternative trading platform known as Barclays LX and 'do not identify any misstatements concerning any ‘security,’' according to the filing.

To access the complete Bloomberg News article hit the link below:

Barclays Seeks Dismissal of New York Dark Pool Lawsuit

BANK OF AMERICA PAYS $16.6M TO SETTLE SANCTIONS ALLEGATIONS

Bank of America's banking unit agreed to pay $16.6m to resolve allegations that it processed transactions for drug traffickers who are subject to U.S. sanctions, the U.S. Treasury Department said on Thursday.

Reuters reports that the bank processed around $91,000 in transactions for six designated narcotics traffickers between 2005 and 2009, and failed to file timely reports on accounts owned by four others, the department's Office of Foreign Assets Control (OFAC) said.

Bank of America spokesman Lawrence Grayson said the settlement concluded a matter the bank addressed in 2009 by improving its sanctions-related systems and controls.

In announcing the settlement, OFAC said it determined that 79 transactions the bank processed after October 2006 constituted an 'egregious' case, because the bank knew of a problem with its screening tool, but didn't fix it until more than two years later.

To access the complete Reuters article hit the link below:

Bank of America to pay $16.6 mln to resolve U.S. sanctions violations

BANK OF TANZANIA APPOINTS LAWRENCE MAFURU AS STATUTORY MANAGER OF FBME BANK TANZANIA

The Bank of Tanzania has decided to take over management of FBME Bank Limited to the exclusion of the board of directors and management of the bank. This step has been necessitated by the Central Bank of Cyprus (CBC) decision to take over the management of operations of the branch of FBME Bank Limited in Cyprus.

Considering the potential effect of the decision taken by CBC to take over FBME's Bank branch in Cyprus which may likely bring into the banking system in Tanzania, and consistent with the provisions of of section 56(1)(g)(iii) of the Banking and Financial Institutions Act 2006, the Bank of Tanzania has taken over the management of FBME Tanzania Limited effective 24th July 2014. The Bank of Tanzania has accordingly appointed Mr. Lawrence Mafuru as Statutory Manager with immediate effect to handle all matters pertaining to the bank. 

The objective underlying the Bank of Tanzania's decision is to ensure safety of customer's deposits as well as safeguard the stability of the entire banking system in the country.

While the bank is under the Bank of Tanzania management, the bank will continue to provide banking services to its customers smoothly.

BANK OF TANZANIA  

SERIKALI YAPOKEA MABEHEWA 25 YENYE THAMANI YA SH. BILIONI 4.3 KUTOKA INDIA

Waziri wa Uchukuzi Dk. Harrison Mwakyembe (kulia), akiangalia moja ya mabehewa kati ya mabehewa 25 mapya ya kubebea kokoto yenye thamani ya sh. bilioni 4.3 aliyoyapokea kutoka Kampuni ya M/S Hindusthan Engineering and Industriles Limited ya India Dar es Salaam jana, kwa ajili ya Kampuni ya Reli Tanzania (TRL). Wa pili kulia ni Mkurugenzi Mkuu wa TRL, Mhandisi Kipalo Kisamfu.

Waziri wa Uchukuzi Dk.Harrison Mwakyembe (katikati), akifurahia jambo wakati wa kupokea mabehewa hayo. Kushoto ni Mkurugenzi Mkuu wa TRL, Mhandisi Kipalo Kisamfu na Katibu Mkuu wa Wizara ya Uchukuzi, Dk.Shaaban Mwinjaka.

Mkurugenzi Mkuu wa TRL, Mhandisi Kipalo Kisamfu (mwenye tai kushoto), akimuelekeza jambo Waziri Mwakyembe.

Waziri Mwakyembe akizungumza na waandishi wa habari wakati akipokea mabehewa hayo.

Wafanyakazi wa  Mamlaka ya Bandari Tanzania (TPA) na wa TRL wakishusha toka katika meli moja ya mabehewa hayo.

 SERIKALI imepokea mabehewa 25 mapya ya kubebea kokoto yenye thamani ya sh.bilioni 4.316 kwa ajili ya Kampuni ya Reli Tanzania (TRL) kutoka Kampuni ya M/S Hindusthan Engineering and Industriles Limited ya India.

Akizungumza na waandishi wa habari wakati wa hafla ya kupokea mabehewa hayo Dar es Salaam leo, Waziri wa Uchukuzi Dk. Harrison Mwakyembe alisema mabehewa hayo ni sehemu ya mpango kabambe wa Serikali wa kufufua Kampuni ya Reli Tanzania chini ya mpango wa Tekeleza kwa Matokeo Makubwa sasa (BRN).
Alisema mpango wa BRN kwa Kampuni ya Reli Tanzania umelenga kuiwezesha kampuni hiyo kiutendaji ili iweze kusafirisha tani milioni 3.0 ifikapo mwaka 2016 kutoka tani 200,000 zilizosafirishwa mwaka 2012 kupitia Reli ya kati.

"Katika harakati za kufikia malengo haya makubwa, Serikali kupitia bajeti zake za mwaka 2012/2013 na 2014, ilitenga fedha kwa ajili ya kugharamia miradi mbalimbali iliyolenga kuboresha vitendea kazi vya Kampuni ya Reli Tanzania" alisema Mwakyembe.

Alitaja miradi iliyopangwa ni  pamoja na kujenga upya vichwa vya Treni 8, kununua vinchwa vya treni vipya 13, mabehewa mapya 274 ya kubebea mizigo na mabehewa ya breki.

Mwakyembe alitaja mradi mwingine ni kununua mashine ya kushindilia kokoto, kununua mabehewa 22 mapya ya abiria na kununua mabehewa 25 mapya ya kubebea kokoto ambayo yamepokelewa jana.

Katika hatua hiyo Mwakyembe ametumia fursa hiyo kuipongeza TRL kwa kupokea mabehewa hayo kwa wakati na kuishukuru Kampuni ya Hindusthan Engineering and Industries Limited ya India kwa utengenezaji wa mabehewa hayo kwa muda uliopangwa.

Alisema lengo ni kuiwezesha TRL kufikia malengo ya kusafirisha mizigo tani 3.0 na kutembeza treni za abiria tano kwa wiki ifikapo mwaka 2016.

CRDB YATOA MCHANGO WA MIL. 3 KUSAIDIA SHULE ILIYOPATA JANGA LA MOTO, WILAYANI MONDULI

Mwalimu mkuu wa shule ya sekondari ya Irkisongo wilayani Monduli Happness Nyange (kushoto) akipokea mchango wa shilingi millioni tatu kutoka kwa Meneja Mwandamizi wa masuala ya kibenki wa CRDB, Dkt. Bennett Bankobeza ikiwa ni kwaajili ya kusaidia shule hiyo ambayo mabweni yake yaliteketea kwa moto hivi karibuni. Wanaoshuhudia pembeni ni Meneja wa CDRB tawi la TFA Arusha, Bi. Amulikiwa Massawe (wa tatu kulia) na madiwani wa halmashauri ya Monduli. Mwisho kulia ni mkurugenzi wa halmashauri hiyo ya Monduli Twalib Mbasha.

FIRST NAKUMATT STORE IN DAR SET TO OPEN ON SUNDAY, 27 JULY 2014

Regional retailer, Nakumatt Holdings, will on Sunday morning officially open the doors of its 48^th branch located at Mlimani City Mall, Kinondoni District in Dar es salaam.

The new branch, will be aptly known as “Nakumatt Mlimani” and will provide a convenient shopping spot for shoppers in Dar es Salaam.

What: Nakumatt Mlimani branch opening

When: Sunday, July 27^th, 2014

Where: Mlimani City Mall

Time: 10:00am

Attendees: 

• Hon. Janet Mbene, Deputy Minister, Ministry of Industry, Trade and   Marketing
• Mr. Atul Shah, Managing Director, Nakumatt Holdings
• Mr. Thiagarajan Ramamurthy, Regional Director, Operations and Strategy at Nakumatt Holdings

2ND EAC - AfDB TECHNICAL PLANNING MEETING CONCLUDES ARUSHA

EAC Deputy Secretary General in charge of Planning and Infrastructure, Dr. Enos S. Bukuku speaking during the meeting. Sitting along side DSG is EAC Director of Infrastructure Philip Wambugu (R) and Mr. Baboucarr Sarr, the African Development Bank Lead Policy Expert.

The 2nd EAC/AfDB Technical Planning meeting to review the status of implementation of the ongoing projects financed by the Bank concluded yesterday at the EAC Headquarters, in Arusha, Tanzania.

The 24th-25th July 2014 meeting, which attended by officials from the African Development Bank, EAC Organs and Institutions including Lake Victoria Basin Commission (LVBC), Lake Victoria Fisheries Organization (LVFO), Inter-University Council for East Africa (IUCEA) and the Civil Aviation Safety and Security Oversight Agency (CASSOA), also identified some new projects for consideration by the Bank.

Speaking during the official opening session, the EAC Deputy Secretary General in charge of Planning and Infrastructure, Dr. Enos S. Bukuku, commended the Bank for the excellent support the region continues to enjoy from it on projects and programmes pertaining to roads, railways, maritime transport, customs, energy, civil aviation, airports, OSBPs, ICT, education, gender and community development, environment and natural resources.

NATIONAL MICROFINANCE BANK SUPPORTS HEALTH CENTRE IN DAR ES SALAAM

NMB Bank House Branch Manager, Mr. Leo Ngowi (right) hands over hospital equipment worth 10m/- to Sinza Palestine Health Centre Medical Officer in-charge, Dr. Benedict Luoga, in Dar es Salaam on Wednesday. The donation is part of the bank's corporate social responsibility program.

THE National Microfinance Bank (NMB) Plc has donated various medical supplies including delivery beds worth 10m/- in support of a health centre in Sinza area in Dar es Salaam.

The donation is part of the bank's corporate social responsibility (CSR) that focuses on health and education. "We are profoundly grateful for your support.

The donation will help to save lives of several mothers," Dr Benedict Luoga, the officer in-charge of the centre said at the presentation ceremony.

TANZANIA PRIVATE SECURITY FIRMS DOWNPLAY JKT ENTRY

ENTRY of Suma JKT in competing with private security firms to offer its services is not a threat after all although it contravenes fair competition rules.

Tanzania Security Industry Association (TSIA) Chairman, Almas Maige told 'Daily News' that Suma JKT has such a small number of guards to tilt the balance in the industry which has an estimated 800 private companies with over 1.2 million guards.

"This is a huge industry and there is room for everyone, Suma JKT are welcome to compete," Mr Maige who is also Executive Chairman of SSTL Group of Dar es Salaam, said.

He pointed out that with less than 2,000 guards, Suma JKT can only offer its limited services to a dozen companies. "We have huge companies such as Ultimate Security and KK Security with more than 5,000 guards each so Suma JKT is nothing comparable," he argued as owners and managers of some of the big companies complain of unfair competition.