Tanzania’s Central Bank to adopt interest rate-based monetary policy framework early next year
The Bank of Tanzania (BoT) is set to shift to an interest rate-based monetary policy framework that focuses on interest ...
Tag: #LatestBusinessNews
Bank agents up by 51.5 pct to 80,295 in March, 2023
The number of bank agents in Tanzania increased by 51.5 percent to 80,295 in March this year from 53,006 registered ...
China pledges to strengthen cooperation with EAC
The People’s Republic of China has pledged to strengthen cooperation with the East African Community (EAC) in capacity building, trade, ...
Bank deposits hit 27.8trn/- in March on deposit mobilization campaigns
Deposits mobilized by banks grew by 13.2 percent to reach 27.82trn/- at the end of March 2023 from 24.5trn/- recorded ...
UBA partners AfCFTA, invests $6 billion to finance SMEs in Africa
United Bank for Africa (UBA) Plc, on Monday signed an agreement with the Africa Continental Free Trade Area (AfCFTA) secretariat ...
Tanzanian gold magnate Ketan Patel loses $2.3 million on paper in just 10 weeks as Shanta Gold shares fall
Tanzanian gold magnate Ketan Patel, a prominent figure in the East African gold industry, has experienced a significant decline in ...
Dar equity marked plummets by 51.8 pct to 2.2bn/- on low investors’ appetite for stocks
The Dar es Salaam Stock Exchange (DSE) nose-dived during the five-day trading session with its turnover falling by 51.8% to ...
Rolls-Royce expands into East Africa
Rolls-Royce Holdings Plc is opening its first office in East Africa, drawn by increased demand for engines to generate electricity ...
Tanzanian passport ranked 2nd among EAC economies in latest Henley Passport Index ranking
The latest Henley Passport Index, a Global passport ranking has placed the Tanzanian passport in the second position scoring 101 ...
Tanzania’s sea and lake ports cargo volume up 26 pct to 6.5 million tonnes in Q1, 2023
The volume of cargo handled at major sea and lake ports in Tanzania increased by 26 percent to 6.5 million ...
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