Dar One

Thursday, July 28, 2016

The Tanzania-Zambia Railway Authority (TAZARA) and the National Railways Company of Congo (SNCC) will work together to increase freight volume between Tanzania and DRC. This decision follows the companies’ improved service performance in the recent past, according to the press release issued by TAZARA. TAZARA and SNCC met in Dar es Salaam on 13th June 2016. They also held a meeting with Dar es Salaam based customers and other stakeholders on 14th June 2016 to discuss railway services in Tanzania, Zambia and DRC. TAZARA runs from the port of Dar es Salaam in Tanzania to Kapiri Mposhi in Zambia where it links with Zambia Railways (ZRL) and connects to SNCC, which runs to Lubumbashi in DRC. TAZARA and SNCC announced that transit time between Lubumbashi and Dar es Salaam has been reduced from over 40 days to less than 10 days. TAZARA alone improved its transit time between Dar es Salaam and New Kapiri-Mposhi in Zambia from 30 days to less than 7 days in the last 10 months, Betram Kiswaga, Deputy Managing Director of TAZARA, said recently. Accordingly, theft of cargo is eliminated thanks to the reduced transit time. “These improvements have come as a result of changes of leadership in both railways as well as measures taken by the shareholding governments to stabilize and boost railway operations by injecting funds and equipment.”, the press release indicates. TAZARA is the entity in charge of operating the Tanzania-Zambia railway since its inception in 1975 by a bilateral agreement signed between both countries under the TAZARA Act 1975. China funded the project mainly to provide an alternative route from Zambia to Dar es Salaam to export its copper. China also provided the necessary technical support, expertise, equipment, and related infrastructure to make it viable. In the 1990s, the economic performance of the railway began to decline and continued deteriorating over the next 20 years. However, after 2010 China has been helping TAZARA to revive its operations. Still, TAZARA infrastructure cannot currently meet today’s development demand. This is why revitalizing TAZARA is among the intentions of Tanzania, Zambia, and China. Lu Youqing, Ambassador of the People’s Republic of China in the United Republic of Tanzania, recently said: “Today, TAZARA is still playing an important role for the economic cooperation and personnel exchanges of Tanzania and Zambia.” “The new generation of national leaders of China, Tanzania and Zambia pay utmost attention to the operation of TAZARA. President Xi Jinping has agreed with the Presidents of Tanzania and Zambia to make joint efforts to build TAZARA into the Railway for Development and Prosperity in the new era,” he added.

The African Development Bank (AfDB) has recently approved a USD 428.43 million fund between loans and grants to finance projects in infrastructure, energy, water and sanitation, and transport in Tanzania and other seven countries in the Sub Saharan region. Tanzania will be provided with two loans totaling USD 141.71 million from which USD 97.42 million has been awarded solely by the AfDB, and USD 44.29 million with the support of the Africa Growing Together Fund (AGTF), a Chinese-led organization financing infrastructure projects in the continent. The loans are meant to finance the Kilwa – Kawawa South Road Corridor which constitutes the second phase of the Dar es Salaam Bus Rapid Transport (BRT) and represent a total longitude of 19.3 km of dedicated road. The project, part of the Dar es Salaam Rapid Transit (DART) system, is expected to be completed within the next 36 months and to carry up to 495,000 passengers per day once implemented, to reduce travel times and improve urban mobility and accessibility. According to the AfDB, DART system is a solution to the current Dar es Salaam transport system which counts with 6,820 private transport companies representing 3,700 different owners in 362 licensed routes and that cannot offer a reliable, safe and efficient public transport. DART system is also meant to meet future transport demand with Dar Es Salaam’s population, currently over 4.5 million people spread in a total area of 1,391 km, expected to reach the 11 million by the year 2025.

The Government of Malawi contracted the Tanzania-Zambia Railway Authority (TAZARA) to transport 48m liters of petroleum products in the next 12 months, starting July 2016. This was announced after a meeting between TAZARA and the Malawi Government, held on 20th June 2016 in Dar es Salaam. The Malawi fuel can be moved from the port of Dar es Salaam to the Malawi Cargo Center (MCCL) facilities in Mbeya. Eng. Bruno Ching’andu, TAZARA’s Managing Director, assured the Malawi Government that TAZARA is well prepared to handle the Malawi cargo thanks to its new leadership. “Our shareholders have recently appointed me and my deputy, and between us we have vast engineering and business experience […],” he added. Eng. Ching’andu joined TAZARA in April 2016. Since then, he has instilled discipline in the railway operations, with the firm now registering consistent and shorter transit times in freight trains as well as passenger trains, according to TAZARA’s press release. TAZARA improved its transit time between Dar es Salaam and New Kapiri-Mposhi in Zambia from 30 days to less than 7 days in the last 10 months, Betram Kiswaga, Deputy Managing Director of TAZARA, said recently. Currently (2016), TAZARA is also in discussion with the Zambian Government and another private firm to begin carrying 14m liters of fuel per month to the Democratic Republic of Congo (DRC) within July 2016. TAZARA and the National Railways Company of Congo (SNCC) met in Dar es Salaam on 13th June 2016. The companies decided to work together to increase freight volume between Tanzania and DRC. This decision follows the companies’ improved service performance in the recent past, according to TAZARA. TAZARA is the entity in charge of operating the Tanzania-Zambia railway since its inception in 1975 by a bilateral agreement signed between both countries under the TAZARA Act 1975. China funded the project mainly to provide an alternative route from Zambia to Dar es Salaam to export its copper. China also provided the necessary technical support, expertise, equipment, and related infrastructure to make it viable. In the 1990s, the economic performance of the railway began to decline and continued deteriorating over the next 20 years. However, after 2010 China has been helping TAZARA to revive its operations. Still, TAZARA infrastructure cannot currently meet today’s development

Industrial group Kamal of Tanzania recently launched its TZS10b heavy oil refinery in Tanzania. The factory is placed in Kamala’s industrial park in Bagamoyo, established under the Special Economic Zones (SEZ) program. The TZS10b factory will allow Tanzania’s industries to produce heavy oil locally instead of importing it. Additionally, the factory will produce automotive lubricants, which Tanzania currently imports from the United Arab Emirates (UAE) and other countries, according to Kamal Group’s Chairman, Gagan Gupta. The refinery will have the capacity to produce approximately 27,000t of oil per year and about 10,000t of lubricant annually. This will save Tanzania USD15m of its foreign exchange reserves and at least 200 Tanzanians will be directly and indirectly employed in the refinery, Gupta explained. Heavy oil demand is not limited to Tanzania, for which the company will export its products to other neighboring countries, such as Kenya, DRC, Uganda, and Zambia. Tanzania’s Permanent Secretary in the Ministry of Industry, Trade and Investment, Dr Adelhelm Meru, said that the establishment of the refinery is another step toward the country’s industrialization. He added that the new factory proves the effectiveness of the combined efforts of the Government and the private sector in achieving Tanzania’s 2025 vision. Tanzania aims to become a semi-industrialized nation by 2025. For this, the contribution of manufacturing to the national economy must reach a minimum of 40% of the GDP, Tanzania’s 2025 vision indicates. To achieve this, Tanzania aims to develop a broad and diverse base of manufacturing, processing and packaging industries that will lead both the productive as well as the export trade sector. Foreign Direct Investments (FDIs) are expected to provide the capital for the desired industrial development. For this, Tanzania launched its Export Processing Zone Program in 2008. Tanzania’s Export Processing Zones Authority (EPZA) promotes investments in Tanzania’s Special Economic Zones (SEZs) and Export Processing Zones (EPZs) by granting investors fiscal and non-fiscal incentives. Kamal Group originated in India and expanded in Tanzania and Dubai. The group is involved in Steel, Medical Gases, Agriculture, Mining and Township Development.

The African Development Bank (AfDB) will support Tanzania’s 2016–2017 budget with USD200m. The announcement was made by Alberic Kacou, Vice-President Human Resources and Corporate Services of AfDB, during his visit to Tanzania on July 19th 2016. He explained that AfDB wants to invest in Tanzania’s energy, food production and industrialization in order to improve people’s welfare. Kacou added that Tanzania is AfDB’s largest African funds recipient thanks to its national development programs that are in line with the bank’s requirements. During the visit, Tanzania’s Minister of Finance, Philip Mpango, stressed that the government is committed to implementing its development plans. These include improvement of air, rail and marine transport in Tanzania, which will be achieved through the procurement of 3 passenger aircrafts, upgrade of Tanzania’s central rail line to standard gauge, and purchase of a new ship for Lake Victoria. Tonia Kandiero, Resident Representative in Tanzania of AfDB, commented that the bank’s support to the country’s budget rose by USD50m this year, reaching USD200m, compared to the 2015–2016 budget support of USD150m. AfDB Tanzania As of 30th November 2015, the AfDB’s portfolio in Tanzania consists of 29 projects with total net commitment of USD 1.97bn, nearly half of which is allocated to transport infrastructure. AfDB Tanzania Country Strategy Paper (CSP) 2011–2016 AfDB introduced the CSP for Tanzania to assess the country‘s development challenges and prospects, and guide AfDB‘s support to the priorities expressed in Tanzania’s development strategy. Part of the bank’s achievements during the CSP 2011–15 period include the upgrading of more than 777 km of road to bitumen standard and rehabilitation of more than 31,000 water points serving about 8.8m people in rural areas; construction and rehabilitation of more than 50 market facilities; and the training of hundreds of microfinance borrowers, health workers, farmers’ facilitators and 11,000 farmer groups. AfDB Tanzania CSP 2016–2020 The recently approved AfDB Country Strategy 2016-10 for Tanzania, indicate that despite the country sustained economic growth, it is still struggling in translating this into economic transformation, faster poverty reduction and improvement in the livelihoods of its population. In line with the AfDB’s 2016–2020 CSP for Tanzania, the Bank will focus on supporting the transport and energy sector in the country during the next five years by improving the domestic and regional transport network and to provide access to affordable electricity. The AfDB’s 2016–2020 approved assistance package for Tanzania exceeds USD 1.1bn. Additional resources will be provided from the Africa Growing Together Fund (AGTF), trust funds, renewable energy financing and co-financing with other partners.

Smallholder farmers in Tanzania will benefit from the USD25m AgriFin Accelerate program, launched in Tanzania on July 25th 2016. The aim is to close the gap in access to financial and information services experienced by smallholder farmers. The program operates under Mercy Corps, a global humanitarian agency located in the U.S., and is being supported by the MasterCard Foundation. AgriFin Accelerate will operate in Tanzania, Kenya and Zambia over the next 6 years. The program is expected to benefit at least 1m smallholder farmers. To achieve this, the program will work with smallholder farmers to understand barriers to the access and use of digital financial and information services. Consequently, it will develop appropriate solutions and work to implement them with relevant stakeholders. “New technologies and advances in mobile banking, as well as the increasing integration of smallholder farmers into better organized value chains, can promote solutions and affordable delivery channels that help close the inclusion gap for smallholder farmers who lack access to basic financial products and services,” said Leesa Shrader, the Program Director at Mercy Corps. Tanzania Smallholder Farmers and Financial Services According to the Tanzania Agriculture Census (2010), 98% of farmers in the country are smallholders who work on 2 hectares or less of crop land. According to a new national survey, only 10% of Tanzanian smallholder households have a bank account registered in their name. Nearly half of smallholder farmers report they do not have or use accounts at full-service banking institutions because the institutions did not offer them loans. Meanwhile, 75% of smallholders say they have heard of mobile money and 97% of those understand the benefits of mobile money. 32% of those who are aware of mobile money are saving money for a long-term purpose and only 10% make business transactions with mobile money.

Wednesday, July 6, 2016

Dirisha la usajili kwa nchi nyingi hasa za Ulaya limeendelea kushika kasi kwa vilabu mbalimbali kuendelea kuongeza wachezaji wapya ama kupunguza kwa maana ya kuuza na kununua.
Huku hapa Tanzania napo timu zikiendelea kujidhatiti kuliibuka taarifa ama fununu kuhusiana na mchezaji Mbwana Samatta anayechezea klabu ya Genk ya nchini Ubelgiji kutakiwa kujiunga na klabu ya As Roma ya nchini Italia inayoshiriki ligi kuu ya nchini humo yaani Serie A.

Taarifa ama fununu hizo zilionekana kuanzia kwenye mitandao ya kijamii yaani Twitter lakini baadae zikasambaa mpaka kufikia baadhi ya vyombo vya habari baadhi kuthitibisha taarifa hizo. Taarifa zilisema kuwa Samatta alitegemewa kupanda ndege kwenda kumalizana na As Roma baada ya kuwa klabu hizo mbili zimemalizana juu ya usajili wake.

Kwa Undani wa kujua taarifa hizi na kukufikishia mpenzi wa soka na ilimtafuta moja kwa moja wakala wa Mbwana Samata Nicholas Onise kutoa ukweli wa mambo ambaye alikataa kwa haraka tu na kuashiria kuwa hakuna mazungumzo yaliyokuwepo ama yaliyokuwa yamefanyika kumuhisha Samata kuelekea nchini Italia kama ilivyokuwa imeripotiwa awali. Onise amekanusha na kudai kuwa Samatta ni mchezaji wa Genk na atacheza Genk.

Tanzania is expected to continue attracting private equity investments thanks to industry growth and increased competition for deals. This was indicated in the recently published 2016 Africa Private Equity Confidence Survey, by Deloitte. According to the survey, asset backed, consumer and service related sectors continue to drive the increase in private equity activity across East African countries, including Tanzania. These sectors include financial services, manufacturing, Fast Moving Consumer Goods, healthcare and retail. Additionally, there is a more positive sentiment towards Tanzania, which is the result of a peaceful electioneering period and a newly elected government. “Post-election Tanzania was the real surprise in 2015. It’s early days for the new administration but, moves to fight corruption and government lethargy are very promising indeed,” the survey indicates. Accordingly, Tanzania’s economic climate is expected to stabilize and its investment popularity could grow further.

Monday, June 20, 2016

The Bank of Tanzania (BOT) Monthly Economic Review–April 2016 recently published shows that the value of export of goods and services in the year ending March 2016 increased by +8.7%.
Overall exports reached USD9,879.1m, compared with USD9090.3m in the year ending March 2015.
The improvement was mainly driven by an increase in travel (tourism) receipts, gold and manufactured goods.
Travel maintained the leading position among foreign currency earners, before manufactured goods, gold and traditional exports, with USD2,289.6m worth of exports in the year ending March 2016, showing a year-on-year increase of +8.1%.
Gold exports increased by +4.3% to USD1,320.2m as a result of increase in export volume.
Foreign exchange earnings from manufactured goods increased by 3% to USD1,408.2m in the year ending March 2016, with a notable improvement recorded in sisal products, textile apparels, and plastic goods.
Among Tanzania’s traditional exports, increases were seen in coffee (USD150.6m, +4.9%), tea (USD47.2m, +11.6%), cloves (USD44.4m, +39.6%) and sisal (USD29.3m, +65.5%).
There was also a notable rise in export value of oil seeds, raw hides and skins, cocoa, cereals, and re-exports of machinery, vehicles, wheat and tyres.
Commodities Prices
In March 2016, prices of coffee, gold and crude oil went up, thanks to higher global demand, reaching USD1.67 per kg of Robusta coffee and USD3.47 of Arabica, USD37.34 per barrel of crude oil, and USD1,245.14 per troy ounce of gold.
The price of crude oil rose mainly due to expected decrease in oil supply following the agreement by Saudi Arabia and Russia to freeze production.
The price of gold rose together with the investors’ increasing demand for this metal seen as safe haven under volatile global equity markets.

Mabingwa wa soka la Tanzania bara Yanga SC wameanza vibaya kampeni zao za kuwania kombe la Shirikisho Afrika baada ya kupoteza mchezo wao wa kwanza kwa bao 1-0 dhidi ya MO Bejaia ukiwa ni chezo wa Kundi A.
Yassin Sahli alifunga bao pekee kwenye mchezo huo na kuipa pointi tatu MO Bejaia iliyokuwa ikicheza kwenye uwanja wake wa nyumbani Stade de I’Unite Maghrebine mjini Bejaia, Algeria.
Matokeo hayo yanaiacha Yanga katika nafasi ya tatu huku TP Mazembe wakiwa ndiyo vinara wa Kundi baada ya kushinda mchezo wao kwa magoli 3-0 dhidi ya Medeama ambayo inaburuza mkia.
Mazembe na MO Bejaia zinapointi sawa (pointi tatu) lakini TP Mazembe anaongoza kundi kwa tofauti ya magoli wakati Yanga na Medeama zikiwa hazina pointi lakini Yanga inakaa nafasi ya tatu kwa tofauti ya magoli. Medeama imefungwa magoli matatu wakati Yanga wameruhusu bao moja pekee.
Mchezo ujao wa Yanga utakuwa nyumbani (Dar es Salaam) June 28 itakapowaalika TP Mazembe kwenye uwanja wa taifa.

Sunday, June 19, 2016

Hikiwa Meneja Arsen wager Akijitaidi kuimarisha kikosa chake kwa ajili ya msimu ujao baada ya msimu uliopita kuandamwa vibaya na mashabiki kwa sababu ya matokeo mabaya
arsena imekamilisha dili la £3m la kinda wa naigeria Kelechi Nwakali kwa dili la miaka 5 , Kelechi Nwakali nikiungo mwenye umri wa miaka 18 anacheza nafasi ya ukabaji atayevalia namba 25 ndani ya jezi ya arsenal kwa msimu ujao.

The plan of the current Tanzanian Government is to strengthen cooperation with Qatar in natural gas, tourism, air transport, and communications.
President Magufuli made the announcement when in conversation with the Qatari Ambassador to Tanzania, Abdallah Jassim Al Maadadi, on 16th June 2016.
During the meeting Magufuli reminded about the intention to revive Air Tanzania Company Limited (ATCL), the country’s national airline, and about the 57tn cubic feet (tcf) of natural gas proven reserves.
Qatar has experience in these areas, that’s why Tanzania needs cooperation with Qatar, to invest and share experiences for mutual benefits, Magufuli concluded.
Out of the 8 Gulf countries, Tanzania has embassies in 3: Oman, the United Arab Emirates, and Saudi Arabia.

Friday, June 17, 2016

Atletico Madrid imethibitisha kuwa imekamilisha atua za mwazo za usajili wa Nico Gaitan kutoka benifica klabu hio imesama inasubiri kumalizika kwa mashindano ya copaamerica na kumtangaza mchezaji huyo klabuni hapo.

Nico Gaitan mwenye umri wa miaka 28 anayekipiga katika klabu ya benifica akiwa ni raia wa argentina

kwa upande wake Nico Gaitan anaungana orodha ndefu ya wachezaji Benfica saini kutoka Amerika ya Kusini na kisha kuuzwa kwenye kwa faida kubwa ikiwa ni pamoja na Nemanja Matic, Fabio Coentrao, Ángel Di María, Javi García na Axel Witsel, ingawa hakuna bei imekuwa alitangaza kwa klabu ama bado.

Thursday, June 16, 2016

A university in Sweden has been ordered to refund tuition fees to an American student after she spent two years studying a course deemed “almost worthless.”
Connie Askenback attended Mälardalen University College - also known as MDH - from 2011 to 2013 to study the analytical finance course. However, Västmanland District Court noted how Sweden’s higher education authority, UKÄ, criticised the course.
According to Dutch newspaper, the AD, MDH will pay the student back 172,180 Swedish Krona - around £14,500 - plus interest.
The AD also reports how UKÄ had “rejected” the course after it failed on four of five course criteria, rendering it “almost worthless.” The Guardian also reports the court ruled the degree had “no practical value.”MDH, which is one of Sweden’s largest higher education providers with over 14,000 students, says the course in question is “carefully tailored” to meet the large demand for mathematicians with expertise in finance and economics.
The course description also highlights how graduates have “competitive qualifications” to land an “attractive” job.

Askenback said in a statement: “It really feels good. It is an important vindication and now I can finally continue studying as I originally thought.”

In a statement of its own, the university said the higher education sector has now “received the answer to a question that has existed since the decision in 2011” to require fees from students coming from countries outside the EU, the EEA, or from Switzerland.
University director, Marie Eriksson, added: “The court considers higher education institutions enter a mutually binding agreement with these students. This affects the entire sector, and here, at the university, we now have to sit down and consider the implications of this verdict.”

Army Reserve officer Deshauna Barber crowned Miss USA 2016
Miss Usa 2016
An Army Reserve officer and IT analyst from the District of Columbia has been crowned Miss USA 2016 after mounting a strong defense of women in combat roles in the military.
Deshauna Barber, a 26-year-old from the nation’s capital, gave the answer during the interview section of the pageant in Las Vegas on Sunday.
When asked by judge Joe Zee whether the Pentagon’s decision to open up all combat roles to women had “put political correctness over our military’s ability to perform,” 1st Lt. Barber responded:
“As a woman in the United States Army, I think it was an amazing job by our government to allow women to integrate into every branch of the military.”
She continued: “We are just as tough as men. As a commander of my unit, I’m powerful, I am dedicated and it is important that we recognize that gender does not limit us in the United States.”
She works full-time as an IT analyst for the U.S. Department of Commerce, it said.
Barber hopes to use her profile as Miss USA to highlight the health issues veterans face when they return from combat, such as post-traumatic stress disorder, her bio said.
Barber won the pageant ahead of first runner-up Chelsea Hardin, Miss Hawaii, and second runner-up Emanii Davis, Miss Georgia.
She will now go on to represent the United States in the Miss Universe pageant.

Hundreds of people have evacuated to escape a wildfire in coastal Southern California and a larger blaze in rural New Mexico as hot weather feeds the flames, raising health concerns in other regions, officials said on Thursday.
Santa Barbara Sheriff Bill Brown told a news conference his deputies had asked occupants of 400 homes and businesses to evacuate structures in areas threatened by flames from the California fire. Campers, and horses on ranches have also been forced out, officials said.
The blaze, which ignited on Wednesday in a wilderness area northwest of Santa Barbara, has consumed chaparral and tall grass in the Los Padres National Forest, blackening some 1,200 acres (490 hectares), according to tracking website InciWeb.gov.
About 500 firefighters were trying to hold it from exploding out of control as airplane tankers and helicopters dropped water, officials said.
"There isn't a lot of marine layer (ocean humidity) so not great conditions for firefighting," Diane Black, a joint incident command manager, said in a phone interview.
Winds drove the so-called Sherpa Fire, named after a ranch near where it started, toward the Pacific coast, leading authorities to evacuate two state beaches and some ranch land, according to information from InciWeb.gov and the Santa Barbara County website.
The blaze also approached the 101 Freeway overnight, forcing authorities to close it until Thursday morning.
In New Mexico, the so-called Dog Head Fire which broke out on Wednesday about 6 miles (10 km) northwest of the town of Tajique has forced evacuations and grown to more than 12,000 acres (4,900 hectares).
It has burned through timber in central New Mexico, pushing heavy smoke toward cities more than 100 miles (160 km) away as flames spread through a largely unpopulated area, fire information officer Peter D'Aquanni said in a phone interview.
Torrance County Sheriff Heath White said his office was evacuating about 200 people.
D'Aquanni said that, as more than 600 firefighters tackle the blaze, winds could shift the flames to the east.
"There's not many structures in front of that direction if it goes where we think it's going," he said.
The National Weather Service has issued heat advisories for Missouri and southwest Iowa, with temperatures in the mid-90s Fahrenheit (35 Celsius), climatologist Bryan Peake said in a phone interview.

A woman in Pakistan has been arrested after allegedly throwing acid on a man who had refused to marry her.
Officials say Momel Mai was in a long-term relationship with Sadaqat Ali, but was angry that he would not marry her.
Ms Mai says she acted in self-defence after being attacked. Mr Ali is being treated in hospital in Multan after suffering burns to 50% of his body.
Hundreds of acid attacks are reported in Pakistan each year but it is rare for men to be the victims.
Ms Mai attacked Mr Ali in the early hours of Thursday, throwing acid at him after he had taken a shower in her bathroom, local police told the BBC's M Ilyas Khan.
Local journalists say Mr Ali was seen stumbling out of Ms Mai's house, screaming and covered with acid.

Mr Ali had been able to turn, so the acid burned his back but not his face, a police officer told AFP.

Both Mr Ali and Ms Mai were married to other people, but had been in a relationship for several years, police said, adding that Ms Mai had wanted to divorce her husband and marry Mr Ali.

England and Leicester Striker Jamie Vardy is highly linked to the Gunners this summer. According to various reports Jamie Vardy will decide his future after the Euros but BBC Sport have accidentally confirms his move to Arsenal.
Arsenal legend Robert Pires also believes Granit Xhaka and the potential signing of Jamie Vardy could help break his former side’s 12-year title drought in the Premier League.

arlier this month, the Gunners triggered Vardy’s £20million release clause at the King Power Stadium, which Leicester City boss Claudio Ranieri has since confirmed.

The 29-year-old forward is now believed to be mulling over a possible move to the Emirates while on England duty at Euro 2016 and Pires believes he has the ingredients the make it in north London.

Jamie Vardy is the striker Arsenal need to clinch the Premier league title. Jack Wilshere is also playing a big part in Vardy deal as he persuaded him to join the Gunners.

The Bank of Tanzania (BOT) issued its monetary policy targets for 2016–2017 that are in line with the macroeconomic objectives of the Government.
The targets are included in BOT’s June 2016 Monetary Policy Statement recently published.
Tanzania’s Government aims at achieving 7.3% real GDP growth in 2016–2017 while maintaining single digit inflation.
To support such growth, BOT’s 2016–2017 monetary policy targets include 20.5% annual growth of private sector credit, up to 14.8% annual growth of M3 (broad money supply), up to 13% annual growth of average reserve money, and maintaining adequate levels of gross official reserves.
Gross official reserves include BOT’s holdings of external assets, available to the Bank for direct financing of balance of payments.
BOT’s 2016–2017 monetary policy also aims at keeping inflation close to 5%.
Achievement of this target will be supported by low global oil prices, improvement in domestic power and food supply, and continued stability in the value of the Tanzanian Shilling, according to BOT’s report.
Tanzania’s economy grew by 7% in 2015 and 2014 thanks to stability in power supply, moderation in oil price and high growth of credit to the private sector, BOT explains.
The highest growth rates in 2015 were registered in construction (16.8%), information and communication (12.1%), finance and insurance (11.8%).
Annual headline inflation increased to 6.8% in December 2015 from 6.1% in June 2015, however it decreased to 5.1% in April 2016 largely due to tight monetary policy, exchange rate stability and improvement in food supply.

Wednesday, June 15, 2016

The African Union in a statement issued on Tuesday the 17th of May has denied granting Haiti associate member status, asserting that according to its statues (article 29.1 of the AU constitution), only African states can join the African Union.
Apparently this narrow definition relies on geography instead of ideology, physical location rather than identity, and considers an “African state” to be a mere expression of geographical boundaries, running often haphazardly across the African continent. It is self-limiting to the union and serves no immediate purpose.
It is a no-brainer that physical proximity is often the least element necessary for fostering collaboration between countries; indeed often times it has been the reason for strife and mutual disrespect amongst neighbors. It can’t be overstated that in this age of globalization, physical distance counts for next to nothing. Haiti shares too much in common with Africa for the country to be denied full AU membership status.

The Tanzanian and Kenyan Governments have recently announced that construction works have started on the Kenya-Tanzania Power Interconnection project that aims at connecting the Eastern Africa Electricity Highway between Kenya and Ethiopia, with the Eastern Africa Power Pool compounded by countries of the Common Market for Eastern and Southern Africa (COMESA).
The project, implemented by Kenya Electricity Transmission Company (KETRACO) and Tanzania Electric Supply Company (TANESCO), consists on the development of a high voltage alternating current (HVAC) 400 kV transmission line (T-line) with a total length of 507.5 km, which starts in Mbeya city in southwest Tanzania and finishes in Isinya town, located 58 km southwards from Kenya’s capital Nairobi.

Tuesday, June 7, 2016

In August of last year, Orton Kiishweko, a reporter with Tanzania’s Daily News, stumbled upon a story making the rounds on WhatsApp, the mobile messaging app.
“I read from a WhatsApp group that some Muslim Tanzanian clerics had been kidnapped by rebels in Eastern Congo and were demanding ransom,” Kiishweko recalls.
A bit of Googling corroborated the initial reports. But details were sketchy. So Kiishweko reached out to officials at the Ministry of Foreign Affairs to confirm the story. They provided him with the contact details of Tanzania’s ambassador to the Democratic Republic of the Congo (DRC). “I immediately saved the ambassador’s number on my smartphone and sent him a WhatsApp message,”

Monday, June 6, 2016

International investors will join local power developers and gas companies operating in Tanzania in January 2014 to discuss the drivers that will facilitate industrial development and increased electrification across the country, encouraging productive and long-term dialogue between public, private, local and international energy partners.

Chinese investors from the Jiangsu Province intend to invest USD5b in the Dar es Salaam region over the next 5 years.
The announcement was made by the Chinese Ambassador to Tanzania, Lu Youqing during a working tour of Chinese government officials in Tanzania on 4th June 2016.

On 3rd June 2016, the Regional Commissioner (RC) of Dar es Salaam Paul Makonda signed an agreement on corporation and development with the Jiangsu Province, for Chinese investments in various projects in agriculture, construction, and social services in the Dar es Salaam region.
During the meeting President Magufuli stressed that its government is committed to industrializing Tanzania so that 40% of its population is employed in manufacturing by 2020.

Thursday, June 2, 2016

Tanzania Breweries Limited (TBL) plans to build a USD50m malt plant in Iringa to meet the increasing demand for malt in Tanzania.
Roberto Jarrin, Managing Director of TBL Group told local media that the project will go ahead if the government takes measures related to the remission of excise duty on locally sourced malt.
According to Jarrin, beer produced from locally-sourced malt should be eligible for a 20% reduction of excise duty, a practice which has been introduced in other East African countries to stimulate local extraction of raw materials.

Wednesday, June 1, 2016

Child prostitution has been defined by the UN as "the act of engaging or offering the services of a child to perform sexual acts for money or other consideration with that person or any other person".
By 1990, international awareness of the commercial sexual exploitation and the sale of children had grown to such a level that the United Nations Commission on Human Rights decided to appoint a Special Rapporteur on the sale of children, child prostitution and child pornography.
Here is a list of the five countries with the highest rates of child prostitution.
1)Sri Lanka
The number of crimes against children in Sri Lanka increased by 64% in 2012 , compared to the previous year, a Unicef report said.

Tanzanians in rural areas will benefit from a USD10.6m fund to increase access to formal financial services.

The amount is provided by the MasterCard Foundation Fund for Rural Prosperity to accelerate access to financial services of nearly 8m people in rural areas in Tanzania, Kenya, and Uganda.

The Fund awarded 5 companies with USD10.6m under the 2015 Scaling Competition: APA Insurance Ltd, Finserve Africa Ltd./Equitel, M-KOPA LLC, Musoni Kenya Ltd, Olam Uganda Ltd.

Tuesday, May 31, 2016

The Global African Investment Summit (TGAIS), aimed at promoting trade and investment in Africa’s Tripartite Free Trade Area (TFTA), will be held for the first time in Africa in Kigali, Rwanda on the 5th and 6th September 2016.
TFTA, Africa’s largest trading block comprising 26 countries, is a free trade agreement between the Common Market for Eastern and Southern Africa (COMESA), Southern African Development Community (SADC) and East African Community (EAC).
TGAIS, in partnership with COMESA and the Government of Rwanda, will attract 900 public and private sector leaders, representing USD200 b of funds with an interest in the investment, trade and business opportunities arising in the region.
The summit will focus on the development of trade and investment corridors in TFTA, regional infrastructure projects, and the creation of an environment that enables harmonization through policy and regulation.
Sindiso Ngwenya, COMESA’s Secretary General, said: “[…] This summit will provide a timely and essential meeting place for Africa’s most senior influencers in government and the private sector to engage with global representatives interested in gaining direct access to the region’s current investment opportunities.”
TFTA was launched in June 2015 with the purpose of driving intra-African trade by creating the continent’s largest trading block with 26 countries and a combined GDP nearing USD1.2tn and a market of close to 620m consumers.

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Saturday, May 28, 2016

As it preps to launch in these countries, Uber will focus on convincing traditional taxi drivers to work for them. This is because traditional taxi drivers see Uber as a threat to their livelihoods.

In Nairobi last month, an Uber driver was attacked and his car torched after the government rejected calls by Kenya’s taxi association to ban the company.

“Part of our strategy when we launch in new markets will be that engagement up front with taxi operators. We will be doing a better job of engaging,” Uber’s general manager for sub-Saharan Africa, Alon Lits said in a statement.

According to the Prime Minister of Tanzania, Kassim Majaliwa, more sugar plants will be established in the next 4 years across the country to meet the growing demand for sugar.

The strategic areas where sugar plants will be established include: Rufiji Valley, Kigoma, Kilosa, Ngerengere and Bagamoyo.

In order to achieve this, the government continues to attract local and foreign investors, Minister Majaliwa said.

He indicated that the government is in talk with Tanzanian sugar manufactirers, who intend to further invest in sugar production in the next 4 years to match the growing local demand.

Currently (2016), Tanzania produces an average of 300,000t of sugar per year, while the demand is estimated at 590,000t per year, of which 420,000t is for direct domestic consumption and the remaining 170,000t is for industrial use.

Wednesday, May 25, 2016

The African Development Bank (AfDB) approved a USD120m Line of Credit (LOC) for Tanzania to finance infrastructure and SME projects.
The LOC is allocated to CRDB, the largest commercial bank in Tanzania, which supports various sectors such as power, manufacturing, agriculture and SMEs.
By leveraging CRDB’s branch network and agents, the LOC will increase lending to SMEs and women enterprises in both urban and rural areas to create more jobs and to promote inclusive growth for Tanzania’s economy, the AfDB indicates.

Tuesday, May 17, 2016

Rwanda has announced that it will construct the modern railway line to SGR Kenya through Tanzania instead of saying that the way to Tanzania will require lower budget compared to Kenya.

Addressing the press yesterday, the finance minister of Rwanda Claver Gatete, he added that it will take a little time to build a railway through Tanzania instead of Kenya.

Swissport Tanzania (DSE: SWIS) has recently announced that it will increase its annual cargo handling capacity at Dar es Salaam Airport to 80,000t, starting May 2016.
The company will achieve this through its new import cargo facility at the Julius Nyerera International Airport (JNIA), which is expected to be completed this month.
The new facility will increase Swissport’s handling capacity at JNIA to 80,000t per year (30t at once) and will reduce the time of the tracking process from 30 to 10 minutes.

The Ministry of Industry and Trade of Tanzania has launched the Star City integrated township project in Morogoro, Easter Tanzania.
The project will incorporate various commercial, industrial and housing options as well as recreational venues and public amenities.
Start City will be located in the newly established Tungi Special Economic Zone (SEZ), which will be the largest SEZ Project with a total site of 10,620 acres, according to Contitrades, which will be collaborating in Tungi Estate.

Sunday, May 15, 2016

Mozambi Resources Limited (ASX:MOZ), an Australia-based company involved with the exploration and development of graphite projects in East Africa, has recently announced the largest discovery of graphite at its Namangale project in Tanzania’s southern region with 179 million tonnes at 5.1% estimated grade of inferred resources according to the Joint Ore Reserves Committee (JORC) code.
The results were obtained from an analysis undertook by ROM Resources, an independent consultancy firm, over the results of 82 reverse circulation drilling (RC drilling) holes and

Dubai-based group Dodsal has recently announced the discovery of over 2.7 TCF of natural gas deposits on its onshore concession in Ruvu basin in Tanzania’s coast region, 50km from the commercial capital city of Dar es Salaam.
In July 2015, the Group had marked its first natural gas discovery in Tanzania of 2.17 TCF in the Mambakofi and Mtini region.
However, based on recent update of studies, this estimate has now been raised to 2.7 TCF with a potential upside of 3.8 TCF.
Based on the current market prices,

Friday, May 13, 2016

EY Tanzania will hold a training on Tax Compliance on 12th May 2016 at the Sea Cliff Hotel in Masaki, Dar Es Salaam. The training will cover general tax compliance requirements, in particular with regards to the annual income tax return and hot topics such as the recent TRA’s decisions, appeals and tax audits by TRA.
This training will grant 8 CPE hours and is aimed at Chief Financial Officers, Finance Directors / Managers, Accountants, Lawyers, Tax Managers, etc.
The training fee is USD 250 + 18% VAT per person which includes Certificate of Attendance, meals and event package.
For additional details and registration contact:
Adella Macha | Senior Administration | CBS
Ernst & Young
Tanhouse Tower (4th Floor)