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151. |
Current account deficit up in Tanzania |
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Friday, March 17, 2006 by
Admin |
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Tanzania-Deficit Tanzanias current account deficit has risen to 89 million U.S. dollars in January this year, up from 74 million dollars in the preceding month. The February review issued by the Bank of Tanzania and available on Thursday attributed the deficit increase to poor agricultural exports. The (current account) deterioration was largely due to low performance of traditional exports, particularly cashew, tea and cotton, the central bank report said. |
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152. |
EA public still reluctant to buy shares |
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Monday, February 20, 2006 by
Admin |
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Despite attractive profit yielded from the capital markets in the East African countries of Kenya, Uganda and Tanzania, they have not yet attracted more local investors, it has been established. It is on this ground some experts say that the situation hinders growth of the capital markets industry in the region. The number of adults who own shares being traded on the bourses is too small as compared to the situation in the developed countries. |
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153. |
The Business & Economics Digest 2005 |
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Wednesday, February 15, 2006 by
Admin |
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In June of 2004, the United States Federal Reserve implemented a monetary policy of marginal interest increases. This strategy consisted of raising the interest rate by 0.25% every two months. The interest rate at the time of this publication is 2.75%. We believe this policy is sound and recommend its continuation. The objectives of monetary policy include controlling inflation, sustaining economic growth, and maintaining stable employment. |
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154. |
TIC lobbies for eradication of all business snags |
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Monday, January 30, 2006 by
Admin |
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TIC lobbies for eradication of all business snags - Following last year' successes, the Tanzania Investment Centre (TIC) is now aiming to completely remove hurdles identified earlier as counter-investment attraction efforts.
The removal of the hurdles by the TIC will be done in collaboration with stakeholders from the public and private sectors as one way of creating a more friendly investment environment. |
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155. |
Money supply in Tanzania increases slightly, says BoT |
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Tuesday, January 24, 2006 by
Admin |
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Money supply in Tanzania increases slightly, says BoT - The growth rate of money supply increased slightly but it still remains marginally below the targeted path of 20 to 24 per cent for 2004/05 fiscal year, the Bank of Tanzania has indicated. The bank's current monthly economic review of last February indicates that the growth rate of extended broad money supply rose to 19.9 per cent from 19.3 per cent last December last year because of the improvement of monetary and financial developments. |
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156. |
East African Development Bank endorses 5-year strategic plan |
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Tuesday, January 17, 2006 by
Admin |
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East African Development Bank endorses 5-year strategic plan - The Governing Council of the East African Development Bank (EADB) on Saturday endorsed the bank's five-year strategic plan for 2006-2010, aiming to increase its volume of operations and expand its range of financial services. The bank issued a press statement after the meeting convened in Kampala, |
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157. |
Investors Give Thumbs Up to Tanzania |
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Monday, January 16, 2006 by
Admin |
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Domestic and regional political stability and conducive macroeconomic conditions have been cited as major factors promoting investment in Tanzania. The report on Foreign Private Investment in Tanzania, which was released recently, says that out of 1,242 companies that were surveyed, 72.2 per cent indicated willingness to expand their investments in Tanzania. |
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158. |
Dar Gets $95m to Promote the Private Sector |
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Monday, January 16, 2006 by
Admin |
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A major new programme to improve the competitiveness of Tanzanias private sector received the backing of the World Bank last week.
The banks board of directors approved the credit of $95 million by the International Development Association for a Private Sector Competitiveness Project to support the implementation of Tanzania's National Strategy for Growth and Poverty Reduction. The project aims, among other things, to transform the countrys economy through private sector growth. |
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159. |
Why African governments should create enabling environment for entrepreneurs |
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Monday, January 16, 2006 by
Admin |
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Why African governments should create enabling environment for entrepreneurs - Enterprises whether big or small begin with people. It is almost impossible nowadays for one to scan any current business publication or periodical without coming across an article that expounds on the virtues of entrepreneurship and the entrepreneurial spirit. |
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160. |
StanChart Bank to promote Tanzania abroad |
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Monday, December 19, 2005 by
Admin |
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THE Standard Chartered Bank has organised a meeting in London due next month to promote Tanzanian business abroad. The head of legal & compliance at the bank, Nina Eshun, told the press in Dar es Salaam recently that the meeting would create business opportunities in Tanzania.
The occasion was the presentation of the Bank of the Year Award to StanChart, a recognition that the bank has won for the third year running.
According to Eshun, the meeting targets three sectors of the economy: tourism, agriculture and industry. |
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161. |
Bank Throws Lifeline to Africa's Private Sector |
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Monday, December 5, 2005 by
Admin |
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In a massive boost to Africas private sector, the International Finance Corporation (IFC), the World Bank arm that finances companies, is to almost treble its support on the continent over the next five years to more than $1bn a year.
The expansion in financing to the continent will involve a doubling in IFC financing for projects in SA over the next year to about $200m. Part of the IFCs unfolding plan is for it to play a far greater role in helping smaller South African companies invest in the continent. |
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162. |
Tanzania too low in world trade competition, CTI says |
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Monday, December 5, 2005 by
Admin |
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Tanzania is too low in world trade competition behind Kenya and Uganda, available statistics show. At present Tanzania ranks 82nd, Kenya 78th and Uganda 79th among 104 countries in global competitiveness, a councilor of the Confederation of Tanzania Industries (CTI), Gideon Nasari, said recently.
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163. |
50 local SMEs sign business deals in China |
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Friday, November 25, 2005 by
Admin |
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In a move calculated against poverty, some 50 small and medium enterprises (SMEs) in the country, recently signed business deals with their Chinese counterparts. This follows a business trip to China by the Tanzanian entrepreneurs. According to Anath Rwenza, a member of the Tanzanian delegation, three of the local SMEs entered into joint ventures under which Chinese investors would establish metal works and furniture industries in Tanzania. |
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164. |
Civil-society perspectives on the IMF and world bank |
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Friday, November 25, 2005 by
Admin |
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The Development GAP was established almost a quarter of a century ago to ensure that the women and men of the Third World -- urban workers, farmers, small businesspeople, the poor -- have the opportunity and means to influence the economic decisions and programs in the North that directly affect them, their communities and their nations. |
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165. |
Progress, constraints and limitations of financial sector reforms in the least developed countries |
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Thursday, November 24, 2005 by
Admin |
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Many developing countries implemented financial sector reforms, as part of broader market oriented economic reforms since the late 1980s. This paper evaluates the achievements, limitations and constraints of financial sector reforms implemented in eight Least Developed Countries (LDCs): Madagascar, Malawi, Tanzania, Uganda and Zambia in sub-Saharan Africa (SSA), and Bangladesh, Laos and Nepal in Asia. |
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