Money supply up 15.9 pct in March driven by expansion in credit to the private sector
Money supply (M3) grew by 15.9 percent in March this year as compared with 11.9 percent recorded during the same...
Motorists to dig deeper into pockets as petrol, diesel prices rise slightly
The prices of petrol and diesel have all increased slightly in the latest review by Energy and Water Utilities Regulatory...
2-Year Treasury bond subscribed by 108% on investors’ appetite for short-term papers
The 2 years Treasury bond auctioned last week was subscribed by 108%, receiving bids totaling 157.05bn/- available data from Bank...
Africa to be biggest loser if global tensions mount, IMF warns
Africa could suffer a permanent economic hit if tensions splinter the global economy into opposing trading blocs around the US...
Dar stock market plummets 62%, total market capitalization slightly falls to 15.57bn/-
Market activities on the Dar es Salaam Stock Exchange (DSE) dipped during the trading week session last week posting a...
Tanzania, Kenya renew push to sell loss-making state firms
Kenya and Tanzania have renewed the push for sale of inefficient and loss-making parastatals, part of a plan to dodge...
Metals and minerals prices to fall, World Bank report shows
The metals and minerals price index rose 10% in the first quarter of this year, compared with the final quarter...
Tanga Cement share price jumps 9.8 pct despite cautionary notice issued this week
The Tanga Cement Company Limited (TCCL) stock appreciated by 9.8% to close at 1120/- per share during yesterday’s trading session...
Shanta Gold receives VAT tax refunds worth $5.7 million from the taxman in Q1, 2023
East Africa-focused gold producer Shanta Gold received Value Added Tax (VAT) refunds and offsets amounting to $5.7 million (approximately 13.4bn/-)...
Peak secures Special Mining License for the Ngualla Rare Earth Project
The Tanzanian Government has granted Peak Rare Earths Limited (ASX: PEK) a Special Mining Licence (SML) for the Ngualla Rare...