Market News

Antananarivo — Chinese Foreign Minister Wang Yi said here Saturday that China welcomes African countries to join the Belt and Road Initiative.   The initiative was proposed by Chinese President Xi Jinping in hope for common development and common prosperity with countries that identify . . .

National Mortgage facility for civil servants has provided loans to 391 workers from various ministries and local government authorities worth 4.5bn/- during the 2016/17 fiscal year.   This was said in Dar es Salaam yesterday by the Director for Housing Section in the Ministry of Lands, Housi . . .

Dar Es Salam — The government has been urged to introduce the Building Code system as a solution for the haphazard and unlawful real estate development in Tanzania.   The coding system was designed by the Architects Association of Tanzania (AAT) and handed over to the government in 2003 . . .

Kampala — The African Development Bank (ADB) board of directors has approved the institution's borrowing programme for 2017, for an amount of $8.4 billion (Shsh30.4 trillion).   The money will be raised from capital markets in African countries by issuing bonds in local currency to fina . . .

Ruangwa — Lindi Regional Commissioner Godfrey Zambi has issued a two-week ultimatum to Ruangwa District's residents to construct toilets as part of efforts to check water-borne diseases, especially cholera.   Mr Zambi ordered the District Commissioner, Mr Joseph Mkirikiti, to embark on . . .