Market News
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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. . .Tanzania: Russia Looking to Increase Trade with Zanzibar
Posted on :Saturday , 25th February 2017
Russia Ambassador in Tanzania, Mr Yuri Fedorovich Popov, has assured continued relations with Zanzibar on matters that will mutually benefit the two countries.
Speaking at State House yesterday, the envoy who paid the Zanzibar president a courtesy call, stressed the need for two countries to enhance the historical bilateral ties.". . .East Africa to Benefit from Brexit - UK High Commissioner
Posted on :Friday , 17th February 2017
The United Kingdom has promised to strengthen trade and investment links with the East African Community Partner States for mutual benefit.
UK High Commissioner to Tanzania, Ms Sarah Cooke, said that her country would remain an outward focused trade-based economy with strong partnerships with other countries and regional economic blocs even in the wake of Brexit.Please Select an Option
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