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DEMAND for the five-year treasury bonds was high in an auction held last week attracting bids worth 436.08bn/-, which is four times the amount sought to be raised indicating improved liquidity among the investors.

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CATTLE supply at Pugu market recorded an increase last week, resulting into price fall across all the breeds although the retail prices remained unchanged in most parts of Dar es Salaam Region.

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ACTIVITY levels at the Dar es Salaam Stock Exchange (DSE) weakened last week to 19.48bn/- in turnover, approximately 159 per cent with shares traded falling by 46 per cent to 2,391,497.

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TANZANIA is among Africa's top economic performers expected to brighten Africa growth outlook of 3.0 trillion US dollars by 2030, according to Ernst & Young’s ‘Attractive Programme Africa 2017’ report.

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THE government should continue with plans to ban imports of second-hand clothes so as to promote domestic textiles despite the risks of losing access to the US market under the African Growth and Opportunity Act (AGOA), a leader of business lobby group has said.

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TIGO Tanzania said yesterday while expanding the 3rd and 4th generation mobile networks coverage in the country it is also eyeing 5G technology to cement their fast speed data top position.

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BANK of Tanzania (BoT) has revised minimum capital thresholds of bureau de change while suspending licensing of new facility to enable the assessment and relicensing of the existing ones.

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A NEW tourism television channel dedicated exclusively for the country’s attractions will hit the sky soon at the national broadcasting television.

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TANZANIA, Uganda and Rwanda risk losing access to the American market through the African Growth and Opportunity Act (AGOA) following plans by the East African member states to ban imports of second-hand clothes and shoes.

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TANZANIA has been named as the most expensive destination in Africa to send remittance form United Kingdom.

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STOCKBROKERS have hailed the government plans to amend a telecom act in a bid to allow foreign investors during primary offers. The players said the intention was good to the people and the economy and would help to enhance integration of the EAC economies.

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TANZANIA and other subSaharan African countries incur huge economic cost through direct and indirect impacts of micronutrients deficiencies on women, girls and children, a situation which could be fixed through cheap nutrition intervention.

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IRISH potato growers in Tanzania stand to benefit as construction of Irish potato development centre in Mbeya Region which is expected to boost yields is set to begin this year.

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LOCAL manufacturers have greater opportunity to promote their businesses to the next level through active participation in the 41st Dar es Salaam International Trade fair (DITF) that will commence next week.

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AS the dust is settling after the government agreed to resolve its dispute with Acacia Mining through discussion, the stage is now set for renegotiation of the mining deals that have been denying the country of its fair share from its mineral resources.

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DAR ES SALAAM Stock Exchange (DSE) market turnover jumped to 50.48bn/-last week compared to 1.2bn/- posted in the preceding period with the Tanzania Breweries Limited (TBL) dominating the market share by 98 per cent.

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THE results of Vodacom Tanzania initial public offer (IPO) are expected to be issued this week, the Capital Market and Securities Authority (CMSA) said yesterday.

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TANZANIA’S Gross Domestic Products (GDP) is tipped to grow by 7.2 per cent to become the world fourth fastest economy in this year. According to World Economic Prospect June report the country economy forecasted to grow at per with India GDP.

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TREASURY bills auctioned on Wednesday last week attracted over half a billion shillings, sending the short term instrument into almost five times oversubscription.

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ACACIA Mining will keep its three mines in the country operating “as long as a negotiated result is possible,” Acacia Mining CEO, Brad Gordon says as negotiations to resolve an impasse between the government and the mining firm have been agreed.

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ZANZIBAR has registered a nine-month high inflation that climbed to 7.1 per cent in April. On month-to-month basis the inflation in March was 6.4 per cent.

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PREPARATIONS for this year’s Majimaji Selebuka Trade Fair in Songea, Ruvuma Region have gathered pace, with at least 11 firms and institutions so far registered to participate.

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ACACIA Mining’s production of gold from Tanzania has been hit by an export ban of mineral concentrates but targets for the year remain unchanged at this stage, Chief Executive Brad Gordon said yesterday.

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CRDB Bank is considering to increase Junior Jumbo Account interest rates from 4.0 per cent to 7.0 per cent to cultivate saving culture among children. The bank revealed the initiative yesterday ahead of the International Day for African Child today.

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MOBILE money transactions in 10 months ending April this year reached 1,444.6 million worth 49.99tri/-, thanks to interoperability among the four major mobile payment services providers.

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CONTRACT farming may fail to boost cotton production as expected due to failure to adopt modern agricultural practices, the Cotton Board Director General, Marco Mtunga has cautioned.

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TANZANIANS living in the Diaspora have hit a milestone of 10,000 unique monthly transactions using WorldRemit, a digital money transfer service.

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MANAGERS of loss making state-owned banks will be fired if they will be proven to be the source of the problem, the Treasury Registrar, Dr Oswald Mashindano has said.

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THAT is what can best describe the general mood in the country after the government tabled its 2017/18 budget in Parliament last week. With a 31.7tri/- budget up from 29.5tri/- of the current financial year, the government seeks to ramp up spending on infrastructure and industrialization of the economy without dramatic tax changes as it focuses on more effective tax administration by leveraging on technology.

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ACACIA share fell by 8.0 per cent yesterday after the second probe team revealed its finding that accused the Dar es Salaam cross-listed firm of operating illegally and tax dodging.

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DOMESTIC lending to agriculture sector declined to 6.8 per cent in the first quarter to March this year compared to 7.8 per cent in the corresponding period a year before.

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ECONOMIC growth within the East African partner states is not generating sufficient jobs especially for the region’s ballooning number of young men and women.

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THE government postponed borrowing from international lenders in the 2016/17 financial year after the interest rates increased, the Minister for Finance and Planning, Dr Phillip Mpango has said.

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