ZANZIBAR has upped minimum civil servant pension by 120 per cent in a new review announced by treasury. According to Ministry of Finance and Planning, now retirees from public service will earn a uniform 50,000/- increment.Add a comment
FISH prices have gone up at Magogoni International Market in Dar es Salaam after fish supplies sharply declined.Add a comment
EXIM Bank is celebrating 20 years of service by giving back 200m/- into the local health care sector. Exim in those years climbed to become among top five banks—in term of assets—in a stiff-competition industry that has some 60 players.Add a comment
Mr Hanna said going by government projection to industrialize the nation stakeholders should start addressing supply issue before demand overtake it in next five years. “If the industry demand is real [as per government projections], it is time to discuss for the future,” Mr Hanna said. The firm said Dar es Salaam is the regional gas hub and at the moment suppliers are meeting domestic demand. The region needs are yet to be touched. And, the country has the potential to become a Liquefied Natural Gas (LNG) exporter— but investment and contracts extension should start now. Based on BP’s energy outlook 2017, natural gas consumption in industry and power will grow at a rate of 1.6 per cent per year until 2035. This signals a potential future export market for Tanzania’s LNG. Looking forward, Arthur G. Kanza an expert in oil and gas said in one of his articles, planners and policy makers must understand the role of gas as an alternative source of energy. Quickly implement proper solutions that will leverage its exploitation, energize the national economy and potentially restore a positive balance of trade to the benefits of the people of Tanzania.
TANZANIA has started to observe some saving generated after using natural gas as it slowly walking toward a gas based economy.Add a comment
THE cement industry is heading into a cliff-edge if clinker importation continues unabated. The stakeholders have it that if imported clinker continues those producing it locally would have no choice than closing businesses— sending thousands out of jobs.Add a comment
PRIVATE Agricultural Sector Support (PASS) Trust was a centre of attraction at the just ended Nanenane exhibitions here, with hundreds of inquisitive visitors inquiring on availability of credit facilities.Add a comment
DARES SALAAM Stock Exchange (DSE) net profit has climbed up four times in this year second quarter (Q2), warranting a first interim dividend of 42/- a share. DSE’s dividend was the first since the bourse self-listed mid last year to be limited by share instead of trustee.Add a comment