PRESIDENT JOHN MAGUFULI: PUT CASH INTO DRUG PLANTS

President John Magufuli thanks Mr Linden Morrison, Head of the Global Fund's High Impact Africa II Department, when the President launched 181 trucks donated by the Fund to the Medical Stores Department (MSD) at an event held in Dar es Salaam on Monday. MSD is an autonomous department of the Ministry of Health, Community Development, Gender, Elderly and Children that is responsible for the procurement, storage and distribution of essential drugs and other medical supplies.

President John Magufuli has wooed local and foreign investors to set up pharmaceutical plants in Tanzania to reap from over 500bn/- annual allocations of money for purchase of drugs and associated supplies, 94 per cent of which is currently imported.

“Available statistics indicate that only six per cent of medicines and other medical supplies are sourced locally … this is a challenge to our local drug manufacturing plants … they should enable us to retain those funds and create jobs for our people.

“The ministry responsible for health could alternatively engage local investors and provide them with loans to establish the factories and recover the money when they start supplying the deliveries to the government,” he proposed. Dr Magufuli made the call in Dar es Salaam on Monday at an event to receive 181 vehicles valued at 20.5bn/- donated to the Medical Stores Department by the Global Fund to Fight AIDS, Tuberculosis and Malaria.

Donation of the new vehicles has increased to 213 the fleet of MSD delivery vans, up from just 32 automobiles. The government’s annual budget for medicines, reagents and medical supplies has jumped from just 31bn/- in the past few years to 269bn/- in the current fiscal year, with additional funds from development partners adding up to over 500bn/- per annum. President Magufuli urged local clerics to shun giving sermons on issues which were not pertinent to the development of the country and instead preach establishment of industries for improved welfare of Tanzanians.

SHELTER AFRIQUE LOW-COST HOUSING PLAN IN TOP GEAR

Shelter Afrique managing director Femi Adewole speaks during a media briefing at the firm's offices in Nairobi on February 21, 2017.

In Summary

• The winning proposal is conteptualised as having three critical components; dwelling (living room and bedroom), support (toilet, shower and kitchen) and court (future expansion) which together occupy a total area of 45m².
• The court yard can be annexed and converted into an additional room if need be. It comprises a bedsitter with options for upgrade and adaptation to various climatic conditions in Africa.

Nairobi, 22 March 2018 - Pan-African home financier Shelter Afrique’s campaign to construct 5,000 houses is at an advanced stage and will be officially announced in July.

The mortgage financier had invited global entries on innovative designs of a home which can be produced at a cost of not more than Sh500,000. Three proposals were selected.

First placed was Ghanaian firm S. Teteh & Associates, Kenya’s Morphosis Limited and third place Sharon Davis Design of New York, United States. A cash prize of Sh10 million will be shared among the first three winners at an the firm’s Annual General Meeting (AGM) in July.

Jubilee administration has listed affordable housing as one of its priorities in the second term, with a target of providing a bare minimum of 500,000 units and a target of up to a million units. The other sectors are manufacturing, food security and universal healthcare. In 2016, the government halved corporate tax for developers who put up at least 400 low-cost residential houses to 15 per cent.

The design competition by Shelter Afrique was launched at the 2016 AGM in Abuja, Nigeria. According to the firm’s Managing Director, Femi Adewole, more than 150 entries were received.

BMCE BANK OF AFRICA LAUNCHES ITS 4th EDITION OF THE AFRICAN ENTREPRENEURSHIP AWARD (AEA) SUPPORTING INNOVATIVE ENTREPRENEURS IN AFRICA

The African Entrepreneurship Award will fund $1 million USD to African entrepreneurs with scalable and sustainable businesses in 2 new categories: Sports and Innovation

CASABLANCA, Morocco, March 12, 2018/ -- BMCE Bank of Africa is proud to announce the March 1st opening of the 4th edition of the African Entrepreneurship Award (www.African-Award.com).

The Award was announced by President Othman Benjelloun in 2014 at the Marrakech Global Entrepreneurship Summit and illustrates BMCE Bank of Africa's ambition to encourage entrepreneurship across borders in Africa by rewarding talent and technology.

This initiative aims to support talented entrepreneurs from Africa or Africans in the diaspora whose ideas create jobs and improve lives on the continent. The competition remains open for entries until April 30th.

During the past 3 years the Award was dedicated to projects in Education, Environment, and Uncharted categories. Over 12,000 entrepreneurs applied from 132 countries. Mentors selected 112 Finalists and the Presidential Jury selected 33 winners to receive funding to launch or scale their business.

UBA SUSTAINS STRONG PERFORMANCE WITH GROWING CONTRIBUTION AND MARKET SHARE FROM AFRICA

United Bank for Africa GMD/CEO, Kennedy Uzoka. 

• Declares Profit Before Tax of N105.3 billion 
• Recommends N0.85 Total Final Dividend for the Year 

Lagos, Nigeria – March 23, 2018 – United Bank for Africa Plc has announced its audited results for the financial year ended December 31, 2017, showing significant growth in the contribution and market share from its pan-African subsidiaries, among other positive trends in the financial performance.

The pan-African financial institution’s audited results showed that gross earnings grew substantially to N462 billion, up by 20 percent from N314 billion recorded in the corresponding period of 2017.

According to the report released to the Nigerian Stock Exchange on Friday, the Group delivered a strong 16% year-on-year growth in profit before tax of N105 billion, compared to N90.6 billion in the 2016 financial year. The Profit After Tax also leaped to N78.6 billion, an 8.8% year-on-year growth compared to N72.3 billion in 2016.

The Bank’s subsidiaries outside Nigeria contributed a third of the Group’s top-line and 45% of the profit for the year, a remarkable improvement from 31 percent contribution made by the ex-Nigeria offices in 2016. This, according to market analysts affirms the success of the Bank’s expansion strategy, with target of 50 percent contributions by 2020.

The Bank’s Operating Income grew to N326.6 billion, a 20.6 percent increase compared to N270.9 billion recorded in 2016. This, according to analysts, affirms the capacity of the Group to deliver strong performance through varying economic cycles and challenging business environment.

The audited results also showed that the Bank’s Total Assets peaked at N4.07 trillion, translating into 16.1 percent year-on-year growth from the figure of N3.50 trillion recorded as at 2016 financial year. In the 2017 financial year, the Bank’s Net loans achieved a prudent 9.7 percent growth at N1.65 trillion, while the customer deposits grew to N2.73 trillion, representing 10 percent YoY growth on N2.49 trillion recorded in 2016 financial year.

STANDARD CHARTERED BANK LAUNCHES ITS FIRST-EVER DIGITAL BANK IN AFRICA

Côte d’Ivoire marks the pilot launch of the digital bank

ABIDJAN, Ivory Coast, March 16, 2018/ -- Standard Chartered Bank (www.SC.com) has announced the official launch of its digital bank in Côte d’Ivoire. This marks the Bank’s first digital bank in Africa and the first-of-its-kind to open in Côte d’Ivoire. Mr. Bruno Nabagné KONE, Minister of Information technologies and communication of the Republic of Côte d'Ivoire, was the guest of honour at the official launch event. The event was attended by dignitaries, business leaders, clients and senior management, as well as sporting legend and Ivorian icon, Didier Drogba. As the Bank’s Digital Ambassador, Drogba shared his experience on the ease of opening an account using his mobile phone. He is the first person in Côte d’Ivoire to open a digital account at the Bank. Commenting on the launch, Sunil Kaushal, Regional CEO, Africa and Middle East said: “We are pleased to launch our first digital bank in Africa with the support of the Government of Côte d’Ivoire. This is a key milestone on our digital journey as a Bank and underlines our commitment to investing and growing in the market. We have been steadily investing in expanding our footprint in Africa over the years, and this will continue to be a priority moving forward. Digitising Africa remains at the heart of our business strategy for the region, and we look to implement our Côte d’Ivoire model across other markets in the coming months.”

MADE IN TANZANIA EXHIBITION: 25 - 28 APRIL, NAIROBI, KENYA

TANZANIA MERGES AGENCIES TO EASE COST OF DOING BUSINESS

A textile factory in Dar es Salaam, Tanzania. The government is creating a one-stop agency to fast-track investments.

Tanzania is planning to merge three investment bodies to attract foreign direct investment and spur industrialisation.

The government has endorsed a proposal to merge the National Development Corporation (NDC), Tanzania Investment Centre (TIC) and Economic Processing Zone Authority (EPZA) to make it easy for investors to set up shop in the country.

The structure of the new entity has not been finalised, but it is likely to borrow from the Rwanda Development Board (RDB).

NDC board chairman Dr Samuel Nyantahe said: “It has been agreed in principle that it would be much easier for people to do business or invest in the country if these entities were merged.”

EPZA is the principal government agency for promoting investments in Special Economic Zones (SEZs). The authority operates as an autonomous agency under the Ministry of Industry, Trade and Investment and is mandated to promote, register and facilitate investments in SEZs in mainland Tanzania.

The EPZA’s functions include the development of EPZ and SEZ infrastructure, provision of business services to EPZ and SEZ investors and issuing of EPZ and SEZ licences. Since their inception in 2008, the EPZs and SEZs have generated $1 billion.

UBER LAUNCHES uberPOA IN DAR ES SALAAM

Dar es Salaam, 26.03.18 - Uber has announced the introduction of uberPOA (POA locally meaning “cool”) - a new low-cost bajaji product in addition to uberX in Dar es Salaam. The product, which will be available from today, will feature three wheeled motorized vehicles that are fuel efficient and locally known us rickshaws/tuktuks or bajaji’s. uberPOA will provide new and existing riders in Dar es Salaam a more affordable option in the way they travel in and around Dar es Salaam.

Commenting on the launch, Uber Country Manager in Tanzania, Alfred Msemo said, ‘Today we are excited to launch uberPOA a cost efficient product that features bajajis. We are delighted that uberPOA provides a new and more affordable choice to riders. We are constantly innovating to improve our service and mission to provide safe, reliable and affordable rides in Dar es Salaam.”

uberPOA will feature three wheeled bajajis which are generally more cost efficient to maintain for driver-partners. UberPOA will run alongside and complement the existing uberX option which features four wheeled sedans. “We believe that riders in Dar es Salaam should have more choice in the way they move around our city, choices that are affordable and efficient - uberPOA is doing just that.” added Mr. Msemo.

UBER YAZINDUA HUDUMA MPYA YA uberPOA JIJINI DAR

Dar es Salaam, 26.03.18 - Kampuni ya Uber imetangaza ujio wa huduma mpya ya uberPOA huduma hii ni ya bei nafuu inayolenga bajaji ikiwa ni juhudi za kupiga jeko huduma ya uberX jijini Dar es Salaam. Huduma hii mpya, ambayo wateja wataanza kufurahi kuanzia leo, itatolewa na bajaji au tukutuk ambazo zinatumia mafuta kidogo. uberPOA itawapa wasafiri wa sasa na wapya fursa ya kutumia huduma ya bei nafuu wanapofanya safari zao jijini Dar es Salaam.

Akizungumzia huduma hii, Meneja Msimamizi wa Uber nchini Tanzania, Bw. Alfred Msemo amesema, ‘Leo tunafuraha kubwa tunapozindua huduma hii ya uberPOA ambayo ni ya bei nafuu itakayotolewa na bajaji. Tuna furaha kwa sababu uberPOA inawapa wasafiri uhuru wa kuchagua huduma ya usafiri ambayo ni ya bei nafuu zaidi. Ujio wa huduma hii ni mkakati endelevu wa juhudi makusudi za kutumia ubunifu utakaoimarisha huduma tunazotoa katika kuafikia dhamira yetu ya kutoa usafiri salama, wa uhakika, na kwa bei nafuu jijini Dar es Salaam.”

DANGOTE CEMENT PLANT CLOSED FOR ROUTINE MAINTENANCE - MANAGEMENT

DANGOTE cement plant in Mtwara Region is closed for routine maintenance, as it prepares to use gas turbines, the management of the factory has said.

The Head of Investor Relations and Corporate Communications of Dangote Cement Industries, Carl Franklin, told the ‘Daily News’ that the plant was closed for routine maintenance of its kiln.

“It is closed for scheduled maintenance. The kiln is being relined (this happens twice a year) and that usually takes 12-14 days, during which time we conduct other maintenance,” he said in an email after he was asked to clarify on the reports circulating in social media that the cement plant was shut down after disagreement with Tanzania Petroleum Development Corporation (TPDC) on the use of gas.

There were widespread rumours that the 600-million US dollar (about 1.3 trillion/-) plant and the largest cement investment in East Africa had suspended its operations due to high costs associated with the use of diesel fired turbines.

Mr Franklin said the plant which runs on expensive diesel generators was currently installing gas turbines to be fed with natural gas after reaching agreement with the TPDC on the gas price. “As to the energy costs, we have been using temporary diesel generators to power the plant and this has a high cost. We are replacing them with gas turbines this month and that will stem these losses.

PRIVATE SECTOR CONTRIBUTIONS TO MEGA INFRASTRUCTURE PROJECTS VITAL

Azania Bank Managing Director, Charles Itembe.

The private sector must endeavour to take part in the major infrastructure projects pioneered by the government to contribute to the country’s economic growth.

The Azania Bank Managing Director, Mr Charles Itembe said in Dar es Salaam over the weekend that for the private sector to play an active role in the government’s mega infrastructure projects, a wellorchestrated partnership among businesses will be required.

“We will need dialogue and constant consultations to guarantee continued partnership between banks and the business community… in my opinion, there is no plausible alternative to this approach,” he told members of Tanzania Chamber of Commerce, Industries and Agriculture (TCCIA) during their breakfast meeting over the weekend.

Some of the mega projects, being implemented by the government include the construction of the standard gauge railway line, the Uganda-Tanzania Crude Oil Pipeline as well as some natural gas and power projects.

AUSTRALIA - UK: FIRST NON-STOP FLIGHT ARRIVES IN LONDON FROM PERTH

The first scheduled non-stop flight between Australia and the UK has touched down in London's Heathrow Airport.

Qantas Flight QF9 completed its 14,498km (9,009-mile) journey from Perth in just over 17 hours.

It is part of ambitious plans by Qantas to add ultra long-haul flights to its schedules.

The Australian flag carrier's Chief Executive, Alan Joyce, has called the new service a "game-changing route".

Speaking at an event ahead of the inaugural flight, he said the earliest Qantas flights between Australia and the UK - known as the "kangaroo route" - had taken four days and involved seven stops.

Western Australia's state government is also hoping to see an increase in tourist numbers as a result of the new direct route.

The historic flight, on a Boeing 787-9 Dreamliner carrying more than 200 passengers and 16 crew, departed from Perth at 18:49 local time on Saturday.

Michael Smith, a pilot and author who was a passenger on the flight, said it removed the "drudgery" of changing planes and disturbing sleep.

He told BBC Breakfast: "This way you get on in one place and land where you want to to go."

Mr Smith said the aviation "holy grail" would be to fly direct from the east coast of Australia to London or New York.

One man, who said he and his partner fly from Australia every year to visit family in Barton-on-Sea, Hampshire, said the trip "flew by".

He said: "It was amazing, the best flight we ever had, we feel fresh as daisies."

Another man said: "It was great not to have the stop and 17 hours was very comfortable."

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SOUTH AFRICA MULLING PRIVATIZATION IN RAMAPHOSA REFORM DRIVE: TREASURY CHIEF

South African President, Cyril Ramaphosa.

JOHANNESBURG (Reuters) - South Africa will consider partially privatizing struggling state-owned companies as part of wide-ranging reforms set in motion by President Cyril Ramaphosa since he came to power last month, the head of the National Treasury said on Saturday.

Dondo Mogajane said South Africa was at the end of a credit downgrade cycle after Moody’s held its investment-grade rating and raised its outlook on Friday, partly because of Ramaphosa’s plan to reform state companies.

“For me, I see it as the end,” Mogajane told Reuters in an interview.

“Moody’s are saying there are things we can do and these are the things we will be focused on,” he added, highlighting plans to stabilize debt, revamp state firms and boost growth in sectors such as agriculture and tourism.

A downgrade to a “junk” rating by Moody’s would have seen South Africa removed from Citi’s World Government Bond Index, and could have triggered up to 100 billion rand ($9 billion) in asset sales by foreign investors.

Investors have cheered Ramaphosa’s arrival and his choice of respected ministers in key roles, including former finance minister Pravin Gordhan as minister of public enterprises.

JOB OPPORTUNITY - EAST AFRICAN CRUDE OIL PIPELINE

AFRICA INSURANCE SUMMIT PLUS EXHIBITIONS - DAR ES SALAAM, MARCH 28 & 29, 2018

AIR TANZANIA TO SUSPEND FLIGHTS TO SONGEA, MTWARA

Air Tanzania Company Limited (ATCL) yesterday announced that it will suspend its flights between Dar es Salaam and Songea with effective from March 31, this year.

According to the statement released by the company’s Managing Director and Chief Executive Officer (CEO) Eng Ladislaus Matindi the flights will be suspended due to bad condition of the runway at Songea Airport.

He added that the suspended flights will resume immediately after the completion of the rehabilitation of the runaway. According to Eng Matindi, the suspension will also affect flights between Dar es Salaam and Mtwara for a short time while an alternative is being worked out to provide services between the two destinations in absence of Songea flights.

He said the company is doing everything in its power to ensure better services to its customers. “We apologise for any inconveniences caused to our valued customers, and looking forward to your continuing support,” reads part of the statement.

KUWAIT TO FINANCE DODOMA RING ROADS

The face of Dodoma is set to be lifted after Kuwait, through Kuwait Fund for Arab Economic Development, expressed commitment to provide Tanzania with a loan, amounting to 207.3 million US dollars (466.4bn/-) for the construction of ring roads in the country’s capital city and Morogoro-Dodoma highway.

The commitment was expressed by Kuwaiti Ambassador to Tanzania, Jassem Ibrahim Al-Najem when he held talks with Minister for Finance and Planning, Dr Phillip Mpango in Dodoma, on Friday.

The soft loan to be issued by Kuwait comes at a time when President John Magufuli strives to modernise Dodoma, to meet infrastructure demands of the growing population fuelled by the government’s decision to shift its headquarters from Dar es Salaam to the central region. A ring road, which is also known as circumferential (high) way or orbital, is a road or a series of connected roads encircling a town, city or country.

The most common purpose of a ring road is to assist in reducing traffic volumes in the urban centre, such as by offering an alternate route around the city for drivers who do not need to stop in the city core. In this context, motorists driving towards or passing through Dodoma would not be forced to enter the city centre as the ring roads would allow them to use alternative routes.

During the talks, Ambassador Al-Najem said the roads to be built would significantly reduce traffic in the city centre. Currently, all motorists travelling to other parts of the country through Dodoma are forced to pass through the central business district (CBD).

PRESIDENT JOHN MAGUFULI APPOINTS FOUR TO HEAD PUBLIC ORGANISATIONS

President John Magufuli.

President John Magufuli has appointed four officials to head public organisations.

According to a statement released by the Directorate of Presidential Communications, the Head of State appointed the Director General for Tanzania Atomic Energy Commission (TAEC), National Development Corporation (NDC), Benjamin Mkapa Hospital Executive Director and the hospital’s Board Chairman.

The statement explained that the appointment was announced by the Chief Secretary (CS), Ambassador John Kijazi. He said that President Magufuli has appointed Prof Lazaro Busagala to head TAEC. Before the appointment, Prof Busagala was the Vice-Chancellor for CBE - Academics and Research. Dr Magufuli also appointed Prof Daniel Gabagambi to head NDC.

He takes over from Mr Mlingi Elisha who will be assigned other duties. Before the appointment, Prof Gabagambi was a lecturer at Sokoine University of Agriculture (SUA). The Head of State went on to appoint Dr Deodatus Mutasiwa as the Board Chairman for Benjamin Mkapa Hospital in Dodoma.

MULTIMILLION DOLLAR CERAMIC PLANT PLANNED FOR DODOMA

Deputy Minister in charge of Minerals, Mr Dotto Biteko (centre).

Chinese and Indian investors are planning to put up two multimillion dollar ceramic factories in Dodoma’s Itiso and Ntyuka villages respectively, expecting to commence export production by the end of next year.

Deputy Minister in charge of Minerals, Mr Dotto Biteko told reporters shortly after touring the two open mining pits at Ntyuka in Dodoma Municipal and Itiso in Chamwino district that the investors intend to set up their tiles facilities. While production at Ntyuka has mainly been targeting local consumers especially for kitchen and floor use, at Itiso the firm had sublocks since 2017.

The decision is a result of President John Magufuli’s indefinite ban on export of unprocessed mineral concentrates. “We stopped export of raw minerals as per the country’s new mineral laws. We want all investors to add value before they export ... this will retain jobs and improve the country’s economy,” Mr Biteko told reporters at Itiso open mine pit some 140km away from the municipal.

The Itiso Open Mining pit is a shared investment venture with a native initially owning 10 per cent for licence ownership and 90 per cent for Chinese investors. It had sufficient raw materials to set up a facility plant, according to the co-owner, Mr Sisti Mganga. It was not immediately revealed how much the investors will be commissioning to set up a classic plant, but the government authorities and investors said they were all discussing on the investment cost.

JAKAYA KIKWETE CARDIAC INSTITUTE TO SPREAD HEART TREATMENT WINGS

JKCI Executive Director, Prof Mohamed Janabi.

The Jakaya Kikwete Cardiac Institute (JKCI) is intending to extend its expertise on cardiovascular treatment to other facilities throughout the country, in a bid to improve the cure of heart ailments.

JKCI Executive Director, Prof Mohamed Janabi revealed this in Dar es Salaam, over the week when the Israeli Minister of Defence, Mr Avigdor Liberman, visited the institute. According to Prof Janabi, JKCI experts will translate knowledge obtained from various training support and camps to health facilities including Benjamin Mkapa and Bugando hospitals.

“The aim is to reach out to as many heart patients as we can by availing similar services in other facilities in the country,” said Prof Janabi. He pointed out that the support accorded by Israel has enabled JKCI experts to carry out 65 per cent of all heart surgeries at the institute.

“Previously, the institute could only conduct surgeries by 30 per cent, but with the support that we have been receiving … now 65 per cent of all heart surgeries are being done by our experts and the remaining 35 per cent with assistance of medical teams from abroad,” said Prof Janabi.

WE REMAIN FOCUSED, UNFAZED... TANZANIANS URGED TO DEFEND COUNTRY, PROTECT PRESIDENT'S IMAGE

Deputy Minister of Foreign Affairs and East African Cooperation, Dr Suzan Kolimba.

The government has said it will not listen to noises from individuals or institutions that target to derail its agenda of transforming the lives of the public, including bringing the country back on the right track.

Deputy Minister of Foreign Affairs and East African Cooperation, Dr Suzan Kolimba issued the government position in relation to the report published in the Economist, in which it criticised the decisions that President John Magufuli made since he took office. Dr Kolimba said every Tanzanian who wishes the country good must appreciate the good job being done by Dr Magufuli.

“We, as Tanzanians, irrespective of our political ideologies, religious inclinations and tribal lines, must appreciate the performance of the President. In this case, everyone has the duty to defend this country, including protecting the President’s image when it is deliberately distorted by international media,” she said.

She said there is no doubt that some individuals with interests best known to themselves will do everything in their power to paint the image of the President black, provided they achieve their goals. “All the decisions that President Magufuli made since he took office were aimed at benefiting the country. He has never made decisions to suit his personal interests. Fortunately enough, the general public acknowledges this fact,” Dr Kolimba said.

BARCLAYS BANK TANZANIA GIVES A HELPING HAND TO THE LESS PRIVILEGED KIDS

Barclays Bank Tanzania Head of Legal and Compliance Department, Dotto Kahabi, hands over clothes, various food items and specially designed tables and chairs for disabled children to the Director of Mwanangu Special Day Care and Rehabilitation Centre Director, Janet Manoni (third left), donated by the Bank as part of its corporate citizenship commitment. A brief function was held at the centre’s premises, Vikindu, Mkuranga in Coast Region over the weekend.

Barclays Bank Tanzania Head of Legal and Compliance Department, Dotto Kahabi (left), hands over a specially designed table and chair for a disabled kid cared for at Mwanangu Special Day Care and Rehabilitation Centre, donated by the Bank as part of its corporate citizenship commitment. Assisting the kid is the centre’s Director, Janet Manoni. During the function at the centre’s premises, Vikindu, Mkuranga in Coast Region over the weekend, the Bank's Legal Department officials also handed over clothes and a variety of food items. 

Barclays Bank Tanzania Head of Legal and Compliance Department, Dotto Kahabi (third left), hands over a special design table and chairs for disabled kids to Mwanangu Special Day Care and Rehabilitation Centre Director, Janet Manoni (centre) donated by the Bank as part of its citizenship commitment at the centre’s premises, Vikindu, Mkuranga in Coast Region over the weekend. The Bank's Legal Department officials also handed over clothes and various food items.

Barclays Bank officials serve refreshments to some of the kids cared for at the Mwanangu Special Day Care and Rehalibitationcentre during the function.

PRUDENTIAL CAPITAL MARKET UPDATE AS AT 26 MARCH 2018

BENKI YA NBC YAAHIDI KUENDELEA KUTOA HUDUMA BORA KWA WATEJA WAKE

Mkurugenzi Mtendaji wa NBC, Theobald Sabi (kushoto), akizungumza katika hafla ya wateja ambapo pia aliwatambulisha baadhi ya wakurugenzi wa benki hiyo (kushoto kwake), jijini Dar es Salaam hivi karibuni. Alisema lengo la hafla hiyo ni kukutana na wateja kuzungumza nao na kupata mrejesho kuhusu huduma wanazowapa.

Mkurugenzi wa Huduma kwa Wateja Binafsi wa NBC, Filbert Mponzi akizungumza katika hafla hiyo ambapo pamoja na mambo mengine alizungumzia jinsi NBC ilivyojipanga kutoa huduma bora kwa wateja wake katika mwaka 2018. Alisema wamezindua kampeni iitwayo Karibu Nyumbani ikilenga kuwarudisha nyumbani katika Benki ya NBC wateja wao wa zamani ili waweze kufurahi huduma zao.

Mkurugenzi wa Huduma za Biashara wa NBC, Elvis Nduguru akizungumza na wateja wa benki hiyo katika hafla waliyowaandalia jijini Dar es Salaam hivi karibuni. Alisema NBC kitengo cha biashara kimejipanga kuboresha huduma zake hususan huduma za malipo kwa njia ya kadi (POS).

Mmoja wa wateja wa NBC, Sadock Magai, akitoa neno la shukrani kwa niaba ya wateja wenzake katika hafla hiyo.

Mteja wa NBC na mmoja wa wanasiasa wakongwe nchini, Steven Masato Wassira (kulia), akizungumza na baadhi ya wafanyakazi wa NBC katika hafla hiyo.

Baadhi ya wateja wa NBC waliohudhuria katika hafla hiyo ambayo Mkurugenzi Mtendaji wake, Theobald Sabi alisema benki hiyo iliyodumu kwa zaidi ya miaka 50 imejizatiti katika kuhudumia wateja wake kwa ufanisi na weledi mkubwa.

2018 INTERNSHIP PROGRAM - AFRICAN DEVELOPMENT BANK

Objectives

DUTY STATION: Headquarters (Abidjan, Côte d’Ivoire), Bank’s External Offices

Established in 1964, the African Development Bank (AfDB) is the premier pan-African development institution, promoting economic growth and social progress across the continent. There are 80 member states, including 54 in Africa (Regional Member Countries). The Bank’s development agenda is delivering the financial and technical support for transformative projects that will significantly reduce poverty through inclusive and sustainable economic growth. In order to sharply focus the objectives of the Ten Year Strategy (2013 – 2022) and ensure greater developmental impact, five major areas (High 5s), all of which will accelerate our delivery for Africa, have been identified for scaling up, namely; energy, agro-business, industrialization, integration and improving the quality of life for the people of Africa.

Participants in the Program are selected on a competitive basis, based on business needs of the Bank.

Objectives:

The broad objectives of the program are to: 

• Provide students with an opportunity to acquire professional and practical experience at the African Development Bank.
• Provide the Bank with a pool of potential candidates for future recruitment purposes.

However applicants should not expect the internship to lead to immediate employment with the Bank. 

Duties and responsibilities

• The fields of study from which interns are selected must be within the job families of the Bank, particularly Economics, Agriculture, Private Sector Development, Human Capital Development (Education and Health), Environment, Finance, Infrastructure Development, Human Resources Management, Information Technology, Communications, Law, Internal Audit, Budget, Governance or any other field of study that the Bank may deem relevant to its operations. 
• Special consideration shall be given to students who are working on projects that have a direct bearing on the mission of the Bank.
• Internships shall be performed either at the Bank’s headquarters in Abidjan (Côte d’Ivoire) or in any one of the Bank’s field offices or Regional Centres.

Timeline for the 2018 Program:

Summer - Session: June through December 2018.

• Internships shall be granted to each candidate for a period not less than three (3) months and not more than six (6) months. The internship is authorized only once for any candidate.
• Interns shall be responsible for their air travel (where applicable) to and from the Bank’s location as well as their upkeep. 
• Interns shall be responsible for their medical insurance coverage and for obtaining entry and residence visas in the host country of the Bank.
• Eligible Interns will be provided with a monthly stipend.

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CLYDE & CO TANZANIA BANKING UPDATER, MARCH 2018

MSHINDI KAMPENI YA AKAUNTI YA MALENGO YA BENKI YA NBC KANDA YA DODOMA AKABIDHIWA GARI LAKE

Mkuu wa Mkoa wa Dodoma, Dk. Bilinith Mahenge akikabidhi funguo na kadi ya gari jipya aina ya Suzuki carry ‘Kirikuu’ kwa mmoja wa washindi wa kampeni ya akaunti ya Malengo ya Benki ya NBC, Patrick Bartholomeo Mgimwa (wa pili kushoto), katika hafla iliyofanyika mjini Dodoma jana. Wengine kutoka kushoto ni Meneja Mahusiano Sekta ya Umma na Taasisi, Pascas Mhindi, Mkuu wa Bidhaa za Wateja Rejareja wa NBC, Andrew Lyimo na Meneja wa NBC Kanda ya Morogoro, James Ndimbo. 

Mkuu wa Mkoa wa Dodoma, Dk, Bilinith Mahenge(katikati), akihojiwa na waandishi wa habari mara baada ya kukabidhi zawadi ya gari aina ya Suzuki Kirikuu kwa mmoja wa washindi wa kampeni ya Malengo ya Benki ya NBC, Patrick Bartholomeo Mgimwa (kulia kwake), katika hafla iliyofanyika mjini Dodoma jana. Wengine kutoka kushoto ni Meneja Mahusiano Sekta ya Umma na Taasisi, Pascas Mhindi, Mkuu wa Bidhaa za Wateja Rejareja wa NBC, Andrew Lyimo na Meneja wa Kanda ya Morogoro, James Ndimbo. 

Mkuu wa Mkoa wa Dodoma, Dk, Bilinith Mahenge (kulia), akizungumza na maofisa wa Benki ya NBC kabla ya kukabidhi zawadi ya gari aina ya Suzuki Kirikuu kwa mmoja wa washindi wa kampeni ya Malengo ya Benki ya NBC, Patrick Bartholomeo Mgimwa (hayupo pichani), katika hafla iliyofanyika mjini Dodoma jana. Kutoka kushoto ni, Meneja wa Kanda ya Morogoro, James Ndimbo, Meneja Mahusiano Sekta ya Umma na Taasisi, Pascas Mhindi na Mkuu wa Bidhaa za Wateja Rejareja, Andrew Lyimo. 

Mkuu wa Bidhaa za Wateja Rejareja wa Benki ya NBC Tanzania, Andrew Lyimo (katikati), akihojiwa na waandishi wa habari katika hafla hiyo. Kushoto kwake ni Meneja Mahusiano Sekta ya Umma na Taasisi, Pascas Mhindi na Mkuu wa Mkoa wa Dodoma, Dk. Binilith Mahenge.

Mkuu wa Mkoa wa Dodoma, Dk, Bilinith Mahenge (wa sita kulia), akipiga picha ya kumbukumbu na wafanyakazi wa NBC Tawi la Dodoma pamoja na baadhi ya viongozi wao baada ya kukabidhi zawadi ya gari kwa mshindi wa kampeni ya akaunti ya Malengo mjini Dodoma jana.

STANDARD CHARTERED WACHANGIA 1.1% YA GDP YA TANZANIA

Mgeni rasmi Katibu Mkuu Wizara Viwanda, Biashara na Uwekezaji, Prof Elisante Ole Gabriel (katikati) akibadilishana mawazo na Mkuu wa Makampuni na Taasisi za Fedha wa benki ya Standard Chartered, Jaffer Machano (kulia) mara baada ya kuwasili kwenye hafla ya uzinduzi wa ripoti ya athari chanya ya mchango wa benki ya Standard Chartered kwa uchumi na jamii nchini iliyofanyika katika hoteli ya Serena jijini Dar es Salaam. Wengine katika picha ni Kutoka kushoto ni Mwandishi wa ripoti ya athari chanya ya mchango wa benki ya Standard Chartered kwa uchumi na jamii, Rene Kim, Kaimu Ofisa Mtendaji Mkuu wa benki ya Standard Chartered nchini Tanzania, Ruth Zaipuna, Naibu Gavana wa Benki Kuu ya Tanzania, Dk. Bernard Kibesse pamoja na Mmoja wa wajumbewa bodi ya benki ya Standard Chartered nchini, Harish Bhatt (wa pili kulia).

Naibu Gavana wa Benki Kuu ya Tanzania, Dk. Bernard Kibesse (kushoto) akibadilishana mawazo na Mgeni rasmi Katibu Mkuu Wizara Viwanda, Biashara na Uwekezaji, Prof Elisante Ole Gabriel (katikati) pamoja na Mmoja wa wajumbewa bodi ya benki ya Standard Chartered nchini, Harish Bhatt (kulia) wakati wa hafla ya uzinduzi wa ripoti ya athari chanya ya mchango wa benki ya Standard Chartered kwa uchumi na jamii nchini iliyofanyika katika hoteli ya Serena jijini Dar es Salaam.

Mgeni rasmi Katibu Mkuu Wizara Viwanda, Biashara na Uwekezaji, Prof Elisante Ole Gabriel akifurahi jambo na na Mmoja wa wajumbewa bodi ya benki ya Standard Chartered nchini, Harish Bhatt wakati wa hafla ya uzinduzi wa ripoti ya athari chanya ya mchango wa benki ya Standard Chartered kwa uchumi na jamii nchini iliyofanyika katika hoteli ya Serena jijini Dar es Salaam.

Mgeni rasmi Katibu Mkuu Wizara Viwanda, Biashara na Uwekezaji, Prof Elisante Ole Gabriel akizungumza jambo na Mkuu wa Mahusiano na Masoko wa Benki ya Standard Chartered, Juanita Mramba wakati wa hafla ya uzinduzi wa ripoti ya athari chanya ya mchango wa benki ya Standard Chartered kwa uchumi na jamii nchini iliyofanyika katika hoteli ya Serena jijini Dar es Salaam.

Meza kuu kutoka kushoto ni Naibu Gavana wa Benki Kuu ya Tanzania, Dk. Bernard Kibesse, mgeni rasmi Katibu Mkuu Wizara Viwanda, Biashara na Uwekezaji, Prof Elisante Ole Gabriel, Kaimu Ofisa Mtendaji Mkuu wa benki ya Standard Chartered nchini Tanzania, Ruth Zaipuna pamoja na Mwandishi wa ripoti ya athari chanya ya mchango wa benki ya Standard Chartered kwa uchumi na jamii nchini, Rene Kim.

BANK OF TANZANIA MONTHLY ECONOMIC REVIEW - FEB. 2018

BANK OF TANZANIA ECONOMIC BULLETIN FOR THE QUARTER ENDING DECEMBER 2017

THE AFRICAN GUARANTEE FUND JOINS AFRICAN BANKER AWARDS AS PLATINUM SPONSOR CAPPING A REMARKABLE YEAR FOR THE FUND

This year’s awards will take place in Busan, Korea during the AfDB’s annual meetings in May

LONDON, United Kingdom, March 23, 2018/ -- The African Guarantee Fund (AGF) (www.AfricanGuaranteeFund.com) was officially launched in 2012, as an initiative of the African Development Bank alongside the governments of Spain and Denmark to help financial institutions lend more to SMEs by providing guarantees against risk of defaults. In the last two years the AGF has added the Nordic Development Fund and France’s AFD as shareholders. It has been a remarkable year for the Fund. Late last year it received an AA- rating from Fitch, something Felix Bikpo, the Fund’s CEO said would help attract new partners and help it better leverage its balance sheet as well as reduce the cost of capital for SMEs as it would be able to provide its services at a lower cost. Earlier this month in London, the AGF signed a $74m re-guarantee agreement with GuarantCo that will enable it to further leverage its balance sheet to lend to SMEs servicing the infrastructure sector. Too often the constraints for SMEs is the lack of infrastructure such as power, connectivity or strong logistical nodes, and financing SMEs that are contributing to bridging this gap will have a twin effect of both supporting SMEs in the sector and other SMEs that will benefit from improved infrastructure.

AFRICAN DEVELOPMENT BANK PLEDGES FULL SUPPORT TOWARDS SUCCESS OF CONTINENTAL FREE TRADE TRADE AREA

The African Development Bank celebrates with Africa and pledges its full support to achieve the success of the recently launched Continental Free Trade Area, as part of its strategy to help Integrate Africa.

To accelerate trade facilitation, the Bank has invested more than $20 million over the past five years in trade agreement support, and cross-border transport and energy soft infrastructure and is committing to support the building of the institutional and human capacities of the Continental Free Trade Area Secretariat.

“The Continental Free Trade area will stimulate intra-African trade by up to $35 billion per year, creating a 52% increase in trade by 2022; and a vital $10 billion decrease in imports from outside Africa,” said Akinwumi Adesina, President of the African Development Bank.

Adesina was represented at the launch of the African Continental Free Trade Area (CFTA) in Kigali, Rwanda, on March 21, 2018, by Gabriel Negatu, the Bank’s Director General, East Africa Regional Development and Business Delivery Office. In a statement delivered by Negatu on the occasion, Adesina described the establishment of the initiative as “a major milestone.”
“Free trade will bring collective benefits and shared wealth for all African nations, especially the landlocked countries. So, we must accelerate investments in regional and national infrastructure, especially, to boost connectivity, reduce costs and raise competitiveness,” Adesina said.

CMTL GROUP CELEBRATES ITS 10-YEAR ANNIVERSARY AS THE LEADING THIRD-PARTY LOGISTICS PROVIDER IN TANZANIA

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