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Source: Africa Headlines

Dar es Salaam :: Tanzania | updated 2013-06-17 01:43:26 -0700 | business-news

Manager for Home Finance at the Pan African bank granted an interview to our Correspondent on the now topical issue in the market...October 2011 and since then we have continually received good response from the general public. Since the launch,...
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Source: Africa Headlines

Dar es Salaam :: Tanzania | updated 2013-06-16 21:12:47 -0700 | business-news

Dar es Salaam Stock Exchange (DSE) weekly turnover more than doubled to 984m/- from the previous week's 482m/-. Tanzania Securities Limited (TSL) weekly market commentary shows that a total of 1,441,226 shares changed hands, down from 1,570,275 shares traded in...
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Source: BBC

Dar es Salaam :: Tanzania | updated 2013-06-14 03:15:32 -0700 | business-news

Budget airline Fastjet gets clearance for African routes Easyjet founder, Stelios Haji-Ioannou, is backing the new low-cost African carrier Fastjet, the African budget airline, has been granted permission to launch international flights from its hub in Tanzania.
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Source: Africa Headlines

Dar es Salaam :: Tanzania | updated 2013-06-09 23:16:17 -0700 | business-news

Bank shareholders have approved plans to raise Sh10 billion through a rights issue to fund its local and regional expansion. The bank recently re-branded and is seeking to shed off its past image when it was weighed down by bad...
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Source: Africa Headlines

Dar es Salaam :: Tanzania | updated 2013-06-09 23:16:14 -0700 | business-news

May, pushed lower by a slowdown in food price rises, National Bureau of Statistics (NBS) said on Friday. The year-on-year rate of inflation fell to 8.3 per cent in May from 9.4 per cent in April, the NBS said and...
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Source: Daily Nation

Dar es Salaam :: Tanzania | updated 2013-06-09 07:58:14 -0700 | business-news

Rating In Summary Ms Ngige said the company plans to introduce new vehicles into the local market by the end of the year that include VW Amaroks to build on its success at selling commercial pick-ups, now averaging 50 units...
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Source: Daily Nation

Dar es Salaam :: Tanzania | updated 2013-06-07 10:43:50 -0700 | business-news

Rating In Summary The bank rebranded last month and plans to venture into Uganda, Tanzania, South Sudan and Somalia. National Bank of Kenya has created additional shares as it prepares to raise Sh10 billion in a rights issue next year....
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Source: Daily Nation

Dar es Salaam :: Tanzania | updated 2013-06-06 09:30:48 -0700 | business-news

Equity Bank has appointed Mr John Stanley to the position of chief officer in charge of Finance, Innovation and Technology in a restructuring effort intended to harness the bank's operations. Mr Stanley becomes the bank's fifth head of finance in...
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Source: Daily Nation

Dar es Salaam :: Tanzania | updated 2013-06-06 08:09:16 -0700 | business-news

UAP insurance has bought controlling stake in a Tanzanian insurance firm as its seeks to establish a footprint in the region. According to a statement sent to newsrooms on Thursday, UAP Insurance has acquired 60 per cent stake in the...
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Source: The New York Times

Dar es Salaam :: Tanzania | updated 2013-05-30 18:31:50 -0700 | business-news

May 30, 2013 The initiative began two decades ago, with the best of intentions, after apartheid fell and southern Africa's future brightened...Lesser/European Pressphoto Agency The Southern Africa Development Fund, long led by the civil rights leader Andrew Young, above, was...
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Posted by: ashishvns

Randa :: Tanzania | updated 2013-05-28 05:28:40 -0700 | business-news

Making an investment in real estate is very risky and tedious task. It needs extensive research to ensure that you will get the best property at the best market rates. However in this competitive world, people have no spare time...
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Source: Africa Headlines

Mtwara :: Tanzania | updated 2013-05-26 23:06:23 -0700 | business-news

University of Dar es Salaam Senior Economics Lecturer, Dr Haji Semboja has advised. Speaking at a workshop on 'Understanding social and economic policies, economic growth and development' here recently, Dr Semboja said that earlier this week's chaos in Mtwara could...
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Source: Africa Headlines

Dar es Salaam :: Tanzania | updated 2013-05-23 22:20:15 -0700 | business-news

THE government suffers over 15bn/- loss annually in revenue due to smuggling and improperly taxed cement imports through Zanzibar, an industry source said in Dar es Salaam over the weekend. Managing Director, Mr Erik Westerberg, made the revelation while presenting...
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Source: Herald Tribune

Image :: Tanzania | updated 2013-05-16 21:41:10 -0700 | business-news

An Ontario company has paid $2.7 million since the beginning of April to buy six homes in this county. The purchases by Fairhomes Opal Properties LLC, a Canadian company based in Unionville, Ontario, included a $1.71 million deal for a...
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Source: Daily Nation

Dar es Salaam :: Tanzania | updated 2013-05-16 07:24:54 -0700 | business-news

NIC Bank has appointed a new managing director to replace Mr James Macharia who has resigned to take up the position of Cabinet Secretary for Health. In a notification to the Capital Market Authority, the bank said it has appointed...
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