A South African software company has opened an office in Tanzania, upping its presence in the continent. Managing Director of Bluekey East Africa Mala Bhatt Mala Bhatt, Managing Director of Bluekey East Africa said in Dar es Salaam over the weekend that  with the opening of an office in Tanzania, the company was moving to fill a void in a market which is still yawning for qualified, on-the-ground … [Read more...]

Livestock supply at Pugu Market in  Dar es Salaam showed mixed trend last week, though the movement failed to affect meat prices in the city. Pugu market in Dar es Salaam The weekly market summary issued by the Ministry of Industry and Trade, last Friday shows cattle total supply dipped slightly by 2.2 per cent to push prices per head to 655/-.  Due to the drop of supply at the auction, prices … [Read more...]

Value of clove exports rose to 62.8 million US dollars Zanzibar total revenues from exports of goods and services during the year ending February 2012 increased by 81.5 per cent to 254.3 million US dollars (about 406.8bn/-) from 140.1 million US dollars (about 224.2bn/-) registered in the corresponding period a year earlier. According to the Bank of Tanzania (BoT) monthly economic review for March … [Read more...]

Geita Gold Mine A new chapter has been opened between management of Geita Gold Mine Limited and Tanzania Mining and Construction Workers Union (Tamico) after signing an agreement on Sunday to allow activities of the trade union movement at the company’s premises. Tamico Branch Secretary at GGM, Thomas Sabai paid tribute to the company’s management and expressed hope that signing of the deal … [Read more...]

The rising default rate by clients of Microfinance Institutions (MFIs) is a result of lack of financial education on the side of clients, according to industry experts. Women in business. Financial literacy must be increased to boost growth of micro businesses. The New Times MFI clients are reportedly challenged with lack of knowledge on the cost of borrowing, determining interests due to their … [Read more...]

GATSIBO – A Pepper growers’ cooperative in Rugarama sector, Gatsibo District, is stuck with tonnes of their produce after failing to secure market. Hot pepper rot in Rugarama sector as farmers look on helplessly. The New Times / S. Rwembeho. According to the farmers, they grew a lot of pepper in the previous season which they have since failed to sell. Members of Hirwamuhinzi Pepper … [Read more...]

A one day national conference on economic growth is scheduled for Thursday in Dar es Salaam, bringing together experts and other stakeholders in the field to discuss the country’s economic potentials and the way forward. ESRF executive director Dr Lunogelo Bohela The conference has been organised by the Economic and Social Research Foundation (ESRF) in collaboration with the President’s Office … [Read more...]

Tanzania Coffee Research Institute (TaCRI) has succeeded in executing hybrid coffee seedlings distribution campaigns in Moshi rural, a major coffee producing district in Kilimanjaro region. This was revealed by the TaCRI Programme Manager on Result 4 which is based on “Appropriate Technologies Multiplied on Farms,” Mr Jeremiah Magesa, who said that the area under hybrid coffee in the … [Read more...]

Work for the construction of a giant four-lane dual carriageway which will connect Arusha City with Holili-Taveta via Moshi and Himo will begin next year. The Regional Manager for Tanzania Roads Network Agency (TANROADS), Engineer Deusdedit Kakoko, explained here that the four-lane highway will stretch from Sakina area and cover 50 kilometres up to the Kilimanjaro International Airport (KIA) road … [Read more...]

Serengeti Breweries Limited (SBL) has announced a hefty 150m/- sponsorship towards supporting Sports Personality of the year awards night gala, which is organized by Tanzania Sports Writers Association (TASWA). SBL’s Corporate Relations Director, Teddy Mapunda The annual event, which recognizes and awards sports personalities and individuals who have made their mark on the sports scene, will be … [Read more...]

A man uses his phone to access internet in Kampala. Photo by Faiswal Kasirye This is the kind of unemployment rate that should long ago have required a national state of emergency be declared, in the same way it is declared during a civil war or major public health epidemic. However, as I discussed it, there does not appear to be a solution to this crisis. The government started to trim down the … [Read more...]

This week, the Energy Regulatory Commission increased retail prices for super petrol and kerosene against the expectations of many. Jackline Mugo (left), FKE CEO with National Chairman Erustus Mwongera (centre) and Trustee Hirji. PICTURE: Boneface Okendo/ Standard This renewed  calls for a re-evaluation of the pricing formula while some players called for the scrapping of the price controls. The … [Read more...]