Market News
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Tanzania: Women, Youngsters Urged to Own Land for Collateral Use
Posted on :Tuesday , 28th March 2017
WOMEN and youths have been encouraged to own land that they may use as collateral when applying for business loans from financial institutions such as banks in the country.
The call was made by a member of the Parliamentary Committee on Administration and Local Government Affairs, Ms Halima Mohamed, Unguja Special Seat MP when the committee visited the Property and . . .Tanzania: Govt Bans 'Viroba' - Alcoholic Drinks in Plastic Sachets
Posted on :Thursday , 23rd March 2017
FOLLOWING the ban on alcoholic drinks packed in plastic sachets, commonly referred to as 'viroba,' the government has revoked permits for production and importation of 20 varieties of the hard liquor which had earlier been approved by the Tanzania Food and Drugs Authority (TFDA).
The Minister for Health, Community Development, Gender, Elderly and Children, Ms Ummy M. . .Tanzania: Central Bank Slashes Rates, Gives New Hope for Credit Supply
Posted on :Tuesday , 7th March 2017
Dar es Salaam — There is hope for possible improvement in credit to the private sector after the Bank of Tanzania (BoT) slashed the discount rate by four percentage points effective from today.
The central bank said it reviewed downward the discount rate - the interest rate at which it charges for lending to other banks - from 16 per cent to 12 per cent starti. . .Tanzania Saw Addition of 200 New Dollar Millionaires Last Year
Posted on :Saturday , 4th March 2017
Dar es Salaam — Tanzania created 200 new dollar millionaires in 2016, a new report shows, sending out a picture that the government's cost cutting measures have had little impact on individuals' wealth creation endeavours.
Knight Frank's 2017 wealth report shows that the number of super rich Tanzanians jumped from 2,200 in 2015 to 2,400 in 2016.&n. . .Tanzania: Joy as HESLB Approves 2300 Student Loans
Posted on :Friday , 3rd March 2017
About 2,348 students from higher learning institutions in the country have every reason to smile after the Higher Education Students' Loans Board (HESLB) granted them with loans through an appealing window.
According to a statement from HESLB, 20,020 appeals were received online out of which 17,020 with all requisite documents were received from various higher learn. . .Please Select an Option
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