VACANCY ANNOUNCEMENT AT TIB DEVELOPMENT BANK - SYSTEMS ADMINISTRATOR

BANK OF TANZANIA MONTHLY ECONOMIC REVIEW - JAN 2019

CHAMPIONING FEMALE PARTICIPATION IN A MALE DOMINATED SECTOR

Maryam Mgonja (L), Cynthia Bavo (C) and Tunu Makamula (R) at the HDIF Women's corner during Sahara Spark event last year.

The Sustainable Development Goal (SDG 9), seeks to build resilient infrastructure, promote inclusive and sustainable industrialization and foster innovation. With the rapid advances in technology, economic structures will be transformed from agricultural to industrial, service or knowledge economies. These will require human capital in research and innovation and according to UN Women, only 30% of the professionals in the sciences worldwide are women. In order to realize inclusive growth, women must not be left behind the innovation race.

In Tanzania, the Commission for Science and Technology (COSTECH), is committed to strengthening the Tanzanian innovation ecosystem and in November 2011 established Buni hub. In partnership with the Human Development Innovation Fund (HDIF), COSTECH receives funding support for hubs which foster innovation and technology entrepreneurship for youth.

In particular, women are encouraged to pursue leading roles and be active participants at Buni hub by creating working cultures and environments that support and nurture women.

PRUDENTIAL CAPITAL MARKET UPDATE AS AT 21 FEB. 2019

BENKI YA CRDB YAKABIDHI MADARASA MAWILI NA MADAWATI SHULE YA MSINGI USA RIVER, JIJINI ARUSHA

Waziri wa Mambo ya Ndani, Kangi Lugola (katikati) akishirikiana na Mwenyekiti wa Bodi ya Wakurugenzi wa Benki ya CRDB, Ally Laay (wa pili kushoto), Mkurugenzi Mtendaji wa Benki ya CRDB, Abdulmajid Nsekela (wa pili kulia), Mkuu wa Wilaya ya Arumeru, Jerry Muro pamoja na Mkuu wa Shule ya Msingi Usa River, Mwalimu Abdul kukata utepe wakati wa ufunguzi rasmi wa madarasa mawili katika shule ya msingi Usa River, yaliyojengwa kwa ufadhili wa Benki ya CRDB, kwa gharama ya kiasi cha shilingi milioni sitini (60 milioni) yaliyojumuishwa pamoja na madawati, wakati wa hafla ya ufunguzi iliyofanyika mwishini mwa wiki, Wilayani Arumeru jijini Arusha.

Sasa imefunguliwa rasmi na tayari kwa kutumiwa kwa mafunzo ya wanafunzi wa Shule ya Msingi Usa River.

TANZANIA AND KAZAKHSTAN ESTABLISH DIPLOMATIC RELATIONS

The Permanent Representative of the United Republic of Tanzania to the United Nations, H.E Ambassador Modest J. Mero (R) and Permanent Representative of Republic of Kazakhstan to the United Nations, H.E Ambassador Kairat Umarov signing a communique to establish diplomatic relations between their Nations. The signing ceremonies took place in New York on 13th February 2019.

Ambassador Mero exchanges the signed communique with his counterpart, Ambassador Umarov.

Ambassador Mero and Ambassador Umarov posing for a photo after signing a communique to establish diplomatic relations between the two countries.

TANZANIA, BARRICK AGREE ON PLAN TO SETTLE ACACIA DISPUTE

Tanzanian President John Magufuli with Barrick Gold's chief operating officer for Africa and Middle East Mr Willem Jacobs at State House Dar es Salaam on February 20, 2019.

Tanzanian authorities and Canadian miner Barrick Gold say they have worked out a plan to settle the disputes between the government and Acacia Mining Plc.

The announcement followed a meeting between President John Magufuli and Barrick's chief operating officer for Africa and Middle East Mr

“Everything is all set, we are now ready to move on," Tanzania's Legal Affairs minister Mr Palamagamba Kabudi said, adding that the implementation is set to begin before end of March.

London-listed Acacia has been engaged in a longstanding row with Tanzania over tax evasion, breach of environmental regulations, among other issues.

In October 2017, Barrick, which holds a 63.9 percent stake in Acacia, agreed to a $300 million payment to resolve the tax claims, set up a local operating firm in Tanzania, and share Acacia's economic benefits with the government on a 50-50 basis.

Acacia has three mines in northern Tanzania - Bulyanhulu, Buzwagi and North Mara.

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ESKOM'S $4.9 BILLION BAILOUT IN S. AFRICA BUDGET SEES DEBT JUMP

South Africa’s distressed utility that supplies 95 percent of its power will receive the biggest bailout in the nation’s history after the government stepped in to prevent its collapse.

Eskom Holdings SOC Ltd. will get a 69 billion-rand ($4.9 billion) cash injection over the next three years to help service its debt and free up cash for operations, Finance Minister Tito Mboweni said in his budget speech Wednesday to lawmakers in Cape Town. Part of the utility’s transmission business will also be sold to private investors and it will have to drastically reduce costs.

“Pouring money directly into Eskom in its current form is like pouring water into a sieve,” Mboweni said. “We are setting aside 23 billion rand a year to financially support Eskom during its reconfiguration.’’

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KARUME PROMISES TO STIR NIC BANK TO SUSTAINED GROWTH AS MANAGING DIRECTOR

TIB CORPORATE BANK CLEARS LOSS TO POST SH 1.3BN PROFIT

DEPUTY MINISTER FOR WORKS, TRANSPORT AND COMMUNICATIONS, ENGINEER ATASHASTA NDITIYE VISITS VODACOM TANZANIA

Deputy Minister for Works, Transport and Communications, Engineer Atashasta Nditiye (second left) listening about Vodacom Tanzania operations, from Vodacom Tanzania Managing Director, Hisham Hendi (second right) during his visit at Vodacom Tanzania headquarters in Dar es Salaam recently, to see the digital activities of the company. Left is the Deputy Permanent Secretary in the Ministry of Works, Transport and Communications, Dr. Jim Yonaz and on the far right is the Chief Executive Officer of the Universal Communications Service Access Fund, Engineer Peter Ulanga.

Deputy Minister for Works, Transport and Communications, Engineer Atashasta Nditiye and Vodacom Tanzania Managing Director, Hisham Hendi (first left) listening about the activities executed by e-commerce department from Engineer Pendo Boshe during his visit at Vodacom headquarters recently. The Deputy Minister experienced how the company operates in the digital space.

Deputy Minister for Works, Transport and Communications, Engineer Atashasta Nditiye (second left) and Vodacom Tanzania Managing Director, Hisham Hendi (left) listening to Vodacom Director of Corporate Affairs, Rosalynn Mworia (second right) explaining about the company's digital operations recently. Third right is Chief Executive Officer of the Universal Communications Service Access Fund, Engineer Peter Ulanga.

FUTURE BRIGHT AFTER MERGING 3 BANKS, SAYS TPB BANK CEO, SABASABA MOSHINGI

AFTER A SLUGGISH 2017, CRDB BANK BOUNCES BACK WITH 128 PER CENT PROFIT INCREMENT

TPB BANK GROWS ITS LOAN PORTFOLIO, PROFITS AFTER ACQUIRING 'SINKING' TWIGA BANCORP

JOB VACANCY - HEAD OF SECURITY OPERATIONS

EMPLOYMENT OPPORTUNITIES AT NATIONAL DEVELOPMENT CORPORATION

STANCHART ECONOMIST URGES DAR TO GO FOR CREDIT RATING TO ACCESS EURO BONDS CASH

NIC GROUP PLC AND COMMERCIAL BANK OF AFRICA LIMITED JOINT PRESS STATEMENT; PROPOSED MERGER UPDATE

PRUDENTIAL CAPITAL MARKET UPDATE AS AT 20 FEB. 2019

BREXIT 'AIRBAGS' BEING TESTED BY BUSINESS WITH 40 DAYS TO EXIT DAY - KPMG

Dealers work at their desks whilst screens show market data following a vote on Prime Minister Theresa May's Brexit 'plan B' at CMC Markets in London, Britain, January 30, 2019.

LONDON (Reuters) - With just 40 days until the United Kingdom is due to leave the European Union, businesses are testing their emergency Brexit preparations to ensure they have enough cash and staff in the event of a disorderly exit, KPMG said.

Unless Prime Minister Theresa May can get a Brexit deal approved by the British parliament, she will have to decide whether to delay Brexit or thrust the world’s fifth largest economy into chaos by leaving without a deal on March 29.

“Businesses are now testing the airbags on their Brexit preparations,” said James Stewart, head of Brexit at KPMG UK.

“Time is a luxury we no longer have, so people are bracing themselves for the immediate potential impacts.”

“After a slew of poor economic data, and Brexit uncertainty stretching a long way beyond the point most people had anticipated, the mood of business is darkening,” Stewart said.

Unless there is a deal or a delay, the United Kingdom will leave the EU without a transition period abruptly at 2300 GMT on March 29, a step that is almost certain to disrupt trade and spook financial markets.

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TANZANIA AGRICULTURAL DEVELOPMENT BANK ALLOCATES 3.5BN/- TO SINGIDA SUNFLOWER INDUSTRY

Vice-President, Samia Suluhu Hassan has commended Tanzania Agricultural Development Bank (TADB) for supporting small holder farmers in addressing challenges that impede their productivity.

Ms. Samia made the remark while handing over a dummy cheque of 1.285bn/- loan issued by TADB to seven agricultural marketing co-operative societies (AMCOS) dealing with sun-flower production in Singida.

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CRDB BANK CONSTRUCTS CLASSROOMS IN ARUSHA REGION

Minister of Home Affairs, Kangi Lugola (centre) cuts a ribbon to officially launch two new classrooms at USA River Primary School in Arusha region over the weekend. The classrooms were constructed by CRDB Bank at a cost of 60m/-. He is flanked by the CRDB Bank Board Chirman, Ally Laay (second left), Chief Executive Officer, Abdulmajid Nsekela (second right), Arumeru District Commissioner, Jerry Muro (left) and USA River Primary School Headmaster, Abdul Mdee.

UBER YAZINDUA BIMA YA ULINZI DHIDI YA MAJERAHA KWA MADEREVA NA ABIRIA NCHINI TANZANIA BILA GHARAMA YOYOTE YA ZIADA

Dar es Salaam, 18 Februari 2019 - Kuanzia leo, madereva na abiria wa Uber nchini Tanzania watakuwa na amani zaidi wakitumia Uber, kwa kuwa Uber imetangaza kuzindua bima ya Ulinzi dhidi ya Majeraha, inayotolewa na UAP Old Mutual. Tangazo hili ni sehemu ya ahadi kuu ya Uber katika eneo la Mashariki ya Kati na Afrika (MEA) na ni suluhisho la kipekee, la kwanza kwa madereva na abiria linalotumia programu za teknolojia nchini Tanzania.

Madereva wote wa Uber, pamoja na madereva wa uberPOA watafaidika na bima hii bunifu bila gharama yoyote ya ziada; kuanzia wakati unapokubali safari, wakati unaendesha gari kumchukua abiria, na hadi wakati safari inapokamilika. Bima ya abiria itawashughulikia kuanzia wakati safari zao zinapoanza, hadi mwisho wa safari.

Katika tukio la bahati mbaya la ajali au tukio linalohusiana na uhalifu na kusababisha majeraha wakati wa safari, abiria na madereva wataweza kupata faida zifuatazo:

1. Bima ya matibabu: Ikiwa ajali itatokea Wakati wa Safari, bima hii itawafidia madereva na abiria kwa gharama husika za matibabu hadi TZS 1,250,000. Kwa kuongezea, bima hii hufidia gharama za huduma ya ambulensi.
2. Malipo ya kifo na mazishi: Katika tukio la bahati mbaya ambapo dereva au abiria anaaga dunia kama matokeo ya ajali Wakati wa Safari, watu wanaomtegemea au warithi watafaidika na malipo ya pesa taslimu ya TZS 5,000,000. Watapata pia kiasi cha TZS 500,000 cha gharama za mazishi.
3. Malipo ya kulemazwa kabisa: Katika tukio la bahati mbaya ambapo dereva au abiria amelemazwa kabisa kama matokeo ya ajali Wakati wa Safari, watafaidika na malipo ya pesa taslimu ya TZS 5,000,000. Kiasi kinategemea na hali ya ulemavu, kama iliyobainishwa na UAP Old Mutual.
4. Faida ya malipo ya kila siku kwa madereva (majeraha): Ikiwa dereva amelazwa kwa zaidi ya saa 48 kama matokeo ya ajali ambayo ilifanyika Wakati wa Safari hivyo basi hawezi kuendelea kuendesha gari kwa sababu ya majeraha hayo, atapokea malipo ya kila siku ya TZS 10 000 hadi siku 30 ikiwa amethibitishwa na daktari kuwa hafai kufanya kazi.

SOUTH AFRICA'S STATE AIRLINE TO REORGANISE IN TURNAROUND DRIVE

Vuyani Jarana, SAA Group Chief Executive Officer, poses for a photograph next to a South African Airways logo in Johannesburg, South Africa February 18, 2019.

JOHANNESBURG (Reuters) - South Africa’s struggling state-owned airline will reorganise into three business units as part of a revamp plan that could also involve the partial sale of its catering unit, its chief executive officer said on Monday.

Vuyani Jarana said during a briefing that South African Airways (SAA), which hasn’t made a profit since 2011, would organise itself into domestic, regional and international business units.

Each unit will have its own management, rather than decisions being centralised, in a bid to make the airline more agile and increase accountability.

“We are evolving into an operating model of three business units,” Jarana told the briefing.

“We want to build a new SAA, fit for the future, place the right people in the right job,” he added.

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PRUDENTIAL CAPITAL MARKET UPDATE AS AT 19 FEB. 2019

VACANCY ANNOUNCEMENT AT DCB COMMERCIAL BANK - CHIEF OPERATIONS OFFICER

BENKI YA EXIM MDHAMINI MKUU MASHINDANO YA GOLF JIJINI ARUSHA

Naibu Mkurugenzi Mtendaji wa Benki ya Exim, Jaffari Matundu (wa pili kushoto) akiwa katika picha ya pamoja na Mshiriki wa Golf toka Rotary club ya Arusha mara baada ya kufungua rasmi mashindano hayo katika viwanja vya Gymkana Arusha. Wengine ni Meneja wa Matawi ya Exim kanda ya Kaskazini Amos Lymo (kushoto) na Meneja wa Masoko na Mawasiliano Abdulrahman Nkondo (kulia).

Mkuu wa Idara ya Masoko na Mawasiliano wa Benki ya Exim Stanley Kafu (wa nne kushoto) akimkabidhi kombe Michael Rotich (wa tatu kulia) baada ya kuibuka mshindi wa mashindano ya Golf yaliyoandaliwa na Rotary club mjini Arusha mwishoni mwa wiki iliyopita katika viwanja vya Gymkanah Arusha. Exim Bank ndiye mdhamini mkuu wa mashindano hayo yaliyolenga kuchangisha fedha kwa ajili ya kuisaidia jamii katika kuboresha sekta ya Elimu na Afya jijini humo.

Meneja Masoko na Mahusiano na Mawasiliano wa Benki ya Exim, Abdulrahman Nkondo akifungua rasmi mashindano ya Golf yaliandaliwa na Rotary Club of Mt Meru Arusha hivi karibu. Benki ya Exim ndiyo iliyokuwa mdhamini Mkuu wa mashindano hayo.

UAP OLD MUTUAL INSURANCE IMPARTS NEW SKILLS TO AGENTS

UAP Old Mutual Insurance Head of Business Development and Marketing Mr. Jabir Kigoda clarifies a point during a recent seminar organized for the company’s agents in Dar es Salaam.

A cross section of UAP old Mutual Insurance agents during a seminar organized for the company’s agents in Dar es Salaam recently.

UAP Old Mutual Insurance Business Development Manager, Charles Magori makes presentation during a recent seminar organized for the company’s agents in Dar es Salaam.

UAP Old Mutual Insurance Tanzania recently conducted a one-day training session for its agents in Dar es Salaam aimed at imparting vital skills the agents need to master the basics of the industry.

The event was attended by over 60 agents, equipped the participants with a wide range of skills ranging from products, sales to regulations.

“The training of this nature also offers opportunities to interact with agents more freely and in informal way. In additional to that agents also get to know the issues surrounding insurance market’’ Head of Business Development and Marketing Mr. Jabir Kigoda, said as he highlighted the focus of the training.

BENKI YA EXIM YAANDAA HAFLA KWA WATEJA WAKE WA ARUSHA

Naibu Mkurugenzi Mkuu wa Benki ya Exim Ndugu Jaffari Matundu akifafanua jambo kwa wateja wa benki hiyo katika hafla iliyoandaliwa na benki hiyo jijini Arusha - Mount Meru Hotel wiki iliyopita. Hafla hiyo iliudhuriwa na wateja wakubwa na wadogo wa benki hiyo yenye matawi 4 jijini Arusha.

Naibu Mkurugenzi Mkuu wa Benki ya Exim Ndugu Jaffari Matundu akifafanua jambo kwa wateja wa benki hiyo katika hafla iliyoandaliwa na benki hiyo jijini Arusha - Mount Meru Hotel wiki iliyopita. Hafla hiyo iliudhuriwa na wateja wakubwa na wadogo wa benki hiyo yenye matawi 4 jijini Arusha.

PRUDENTIAL CAPITAL MARKET UPDATE AS AT 18 FEB. 2019

UBER ROLLS OUT INJURY PROTECTION FOR DRIVERS AND RIDERS IN TANZANIA AT NO ADDITIONAL COST

Dar es Salaam, 18th February 2019 - Uber driver-partners and riders in Tanzania now have more peace of mind when using Uber, as Uber has announced the rollout of Injury Protection, provided by UAP Old Mutual. This announcement forms part of Uber’s global commitment across the Middle East and Africa (MEA) region and is a unique, first of its kind solution for drivers and riders using technology apps across Tanzania.

All Uber uberX, Uber XL, uberPOA driver-partners will benefit from this innovative cover at no additional cost; from the moment they accept a trip while driving to pick up a rider, and until the trip ends. Riders will be covered from the time their ride begins until the trip ends.

In the unfortunate event of an accident or a crime-related incident resulting in an injury during a trip, riders and driver-partners will have access to the following benefits:

1. Medical cover: If an accident happens On-Trip, this cover reimburses drivers and riders for necessary medical treatment costs up to TZS 1,250,000. In addition, this cover reimburses ambulance service costs.
2. Death and funeral payments: In the unfortunate event that a driver-partner or rider dies as a result of an accident On-Trip, their dependents or heirs will benefit from a lump sum payment of TZS 5,000,000. They will also obtain an amount of TZS 500,000 for funeral expenses. 
3. Permanent disability payments: In the unfortunate event that a user suffers a permanent disability as a result of an accident On-Trip, they will benefit from a lump sum payment up to TZS 5,000,000. The amount depends on the severity of the disability, as determined by UAP Old Mutual. 
4. Daily payment benefit for drivers (injury): If a driver is hospitalized for more than 48 hours as a result of an accident that happened On-Trip and are thereafter unable to drive because of those injuries, they will receive a daily payment of TZS 10,000 for up to 30 days whilst they are medically certified by a doctor as unfit to work. 

COCA COLA SET TO REWARD 500,000 CONSUMERS IN A NEW THREE MONTHS PROMO

Coca-Cola Marketing Assessment Manager, Mr. Andrew Endovo (right) elaborates a point during a press conference in Dar es Salaam, yesterday. The company has launched a 12-week promotion campaign where loyal customers will walk away with a number of rewards including cash prizes, TVs, and Coca-Cola products.

More than 500,000 people stand a chance to be rewarded by a beverage company in Tanzania after launching a campaign dubbed Coke Studio ‘UTC’.

The launching of the campaign in Dar es Salaam over the weekend is a part of Coca-Cola public engagement activities following the inauguration of Coke Studio Africa 2019 where five local artists are part of it.

Speaking during the launch, Nelly Wainaina, Coca-Cola’s Head of Marketing for Tanzania and Kenya said the newly unveiled promotion seeks to reward loyal Coca- Cola consumers for the next 12 weeks and will see consumers walking away with lots of cash prizes, TVs and Coca-Cola products.

“As a brand, we always engage with our consumers at their passion points.

We are therefore using Coke Studio as a platform to give our consumers a chance to win exciting rewards as they enjoy watching their favorite music show. For the next 12 weeks, our consumers will be winning lots of cash prizes, television sets, and redeemable products from the wide range of the Coca-Cola product portfolio,” she elaborated.