Mnaku Mbani
The Citizen Tanzania
Tanzania, United Republic of
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Past articles by Mnaku:
How Covid-19 wiped Sh2 trillion off Dar bourse
The massive impact of Covid-19 on the Nairobi Securities Exchange (NSE) has been strongly felt at the Dar es Salaam bourse, sending the latter’s market capitalisation down by Sh2 trillion within a month, market data shows. → Read More
435 Tanzanians join the billionaires’ club
Dar es Salaam. Some 435 Tanzanians became shilling billionaires (dollar millionaires) last year, according to the 2020 Knight Frank’s Wealth Report. → Read More
The ups and downs in jobs creation in banking sector
Dar es Salaam. The number of jobs in banking slightly increased last year, compared with 2018, although individual banks recorded mixed trends in the matter. → Read More
Barrick announces job cuts at North Mara Mine
Barrick North Mara plans to cut more jobs as part of reorganization to meet operational requirements and increase efficiency. → Read More
Personal loans take a third of domestic credit, BoT reveals
Salaried and non-salaried individuals have continued to take the largest portion of loans from commercial banks, the Bank of Tanzania’s quarterly economic bulletin for the third quarter of this year shows the sector accounted for after a third of all loans. → Read More
E. Africa rides high in 2019 Africa visa openness survey
As African countries continue to open their borders to allow free movement of people across the continent, the East African region emerged top in visa openness among all regions. → Read More
NIT launches WB funded female BRT driver course
The National Institute of Transport (NIT) has launched a specialised course for female who will be deployed to drive the Bus Rapid Transit (BRT) vehicles. → Read More
Price factor could delay LNG project in Tanzania
Dar es Salaam. Fresh uncertainty has surfaced with regard to foreign investment in the envisaged liquefied natural gas (LNG) plant project in Lindi Region. → Read More
Tanga Cement skips paying dividends to service its loan
Dar es Salaam. Tanga Cement Company Limited (TCCL) shareholders will not receive dividends for the third consecutive year as the company focuses on servicing loans borrowed to install the second → Read More
Tanzania government assures Kenya over maize exports
The government has moved to allay fears in Kenya that maize flour exports to the neighbouring country could fail the standard test. → Read More
NBS report highlights sectors to watch as Q1 growth tops 6.6pc
Dar es Salaam. Construction, transport and storage have continued to maintain their position as Tanzania’s top economic growth contributors. → Read More
East Africa FDIs inflows up by Sh690 billion
Dar es Salaam. Inflows of Foreign Direct Investments (FDIs) to East Africa increased by $301 million last year, compared with the previous year, the United Nations Conference on Trade and Development → Read More
Tanzanian carriers optimistic despite gloomy IATA forecast
Tanzanian airlines have said that the recent report by the International Air Transport Association (IATA) showing the fall of profit this year was normal in the aviation sector. → Read More
How mergers, acquisitions are reshaping banks in TZ
Dar es Salaam. Merger and acquisitions have been big news to banking sector in Tanzania over the last two years. → Read More
Bidders show high appetite for 20-year Treasury bond
The 20-year Treasury bond floated by the Bank of Tanzania (BoT) on Wednesday was massively oversubscribed, an indication of a strong appetite on long-term government debt instruments. → Read More
Economist Intelligence Unit scoops global award
Economists Intelligence Unit (EIU) has been announced as the winner of global 2019 best analysts forecast award organised by Barcelona based FocusEconomics. → Read More
Vodacom revenue hits Sh1tr mark
Vodacom Tanzania service revenue crossed the Sh1 trillion mark during the year ended March 2019 compared to Sh977 billion recorded during the year ended March 2018. → Read More
Tanzania Gov’t to acquire all Songas shares at $1
The public-private partnership power company Songas has said the government will automatically own 100 per cent of the company by 2035, if the government will consider an extension of the Power Production Agreement (PPA) after 2024 when the current one expires. → Read More
Global trade growth loses steam
World trade will continue to face strong headwinds in 2019 and 2020 after growing more slowly than expected in 2018. → Read More
Report: Acacia saw a 32pc gold output slump in 2018
Acacia Mining seems to have been going through a rough time after reporting a 32 per cent drop in gold production in 2018. → Read More