Brela threatens to revoke registration of 5,000 dormant firms

31 May 2022 Sheila Mfunami
The Business Registration and Licensing Agency (BRELA) yesterday announced its intention of revoking registration of 5,676 companies, which it claims to be dormant and clean its book of local and international firms operating in Tanzania. The state-run agency said there are some of the dormant companies which have not submitted their either annual returns or financial statement for up to 50 years so far, failing to comply with the legal requirements. Speaking to journalists on Friday, May 27, BRELA chief executive officer Godfrey Nyaisa said the agency would not continue to embrace inactive companies. “There are business names and brands other people would want to use but they cannot do so because such names and brands appear already occupied. This is a big challenge which we want to address,” said Mr. Nyaisa. According to him, the notices will be provided in three phases, the first two phases will be 30 days each, and the third will be 90 days to provide an opportunity for owners to confirm whether their companies are active or not. “Since my appointment into BRELA office, one of the challenges I have faced is the presence of many companies that do not operate or have any commercial activity in the register,” he said. Once the companies are deregistered, they will also lose all the assets, or until the owners of the company gets court approvals to restore the company to the register of companies. “We will advertise these companies in various newspapers and media with the aim of informing the owners about the intention to cancel them and also to inform the public about the intention,” he insisted. Mr. Nyaisa added that some of the reason for the companies to remain dormant includes failure to submit either financial statements or annual returns, lack of business capital, overwhelming conflicts among the owners, and failure to fulfill their intended purposes. He said that the companies will be published in print and multi-media for the owners to know the BRELA intention of deregistering them. On the target for the first and second round of deregistration include some 5,284 companies registered locally and some 392 others registered outside Tanzania. Last year, the government urged all companies to disclose their respective beneficial owners but until January 2022, only 14,026 companies complied with the requirement. The government which extended the deadline for another six months starting January 1, 2022 stated that the turnout was just about 14 percent of its expectations. more details ...

MAAFISA BIASHARA WATAKIWA KUTATUA KERO ZA WANANCHI

31 May 2022 Sheila Mfunami
Mkuu wa Mkoa wa Tabora, Mhe. Balozi Dkt. Batilda Buriani amewataka Maafisa biashara kuwa karibu na Wafanyabiashara katika maeneo yao na kuwatatulia changamoto wanazokutana nazo. Dkt. Buriani amebainisha hay oleo tarehe 23 Mei, 2022 akifungua mafunzo ya siku tano ya Maafisa biashara wa Mikoa ya Tabora, Shinyanga, Katavi na Kigoma kwenye ukumbi wa Mkutano katika Ofisi ya Mkuu wa Mkoa wa Tabora. “Mafunzo haya ni chachu kwa Maafisa Biashara na kusambaza elimu kwa Wananchi pia nyenzo ya kupunguza kero mbalimbali na gharama za urasimishaji biashara, suala ambalo Serikali imekuwa ikilipigia kelele kwa nguvu zote” amesema Dkt. Buriani. Aidha amewataka Maafisa hao kufanya kazi kwa vitendo na kuwa Walimu watumishi wengine kwenye vituo vyao vya kazi, ambao hawakupata nafasi ya kuhudhuria mafunzo hayo. Akizungumza juu ya dhumuni la mafunzo hayo, Mkurugenzi wa Leseni kutoka Wakala wa Usajili wa Biashara na Leseni (BRELA), Bw. Andrew Mkapa kwa niaba ya Afisa Mtendaji Bw. Godfrey Nyaisa amesema lengo la kuu la kushiriki katika Mafunzo hayo ni kutoa Elimu ya Sheria ya Leseni za Biashara na hamasa kwa Maafisa Biashara kutimiza majukumu yao kulingana na taratibu zilizobainishwa kwenye Sheria ya Leseni za Biashara. “Dhumuni kuu ni kuwafikia Maafisa Biashara na kuwapa elimu juu sheria za utoaji wa Leseni za Biashara, na kutatua changamoto mbalimbali za sheria hiyo ili kuwapelekea Maafisa Biashara kuweza kutekeleza majukumu yao kwa weledi na ufasaha pindi watelekezapo majukumu yao” amesema Bw. Mkapa. Ameongeza kuwa zoezi hili ni moja ya mkakati wa kuondoa na kupunguza urasimu wa uwepo wa watu wa kati (vishoka) wanaokwamisha taratibu za upatikanaji wa Leseni kwa wafanyabishara. Bw. Mkapa ameeleza kuwa ni muhimu wa Maafisa Biashara kuwa karibu na wananchi, kwa kutoa huduma bora, saidizi na elimishi kwa wafanyabiashara ili kipato chao kikuwe na hatimaye Serikali ipate kodi na uchumi wa nchi uweze kukua na kuimarika. Kwa utafiti ndogo iliyofanyika kuhusu utendaji wa Maafisa Biashara imebainika kuwa Maafisa Biashara wengi wanafanyakazi kama wakusanya mapato hasa sehemu za biashara, vilabuni na kwenye nyumba za kulala wageni badala ya kuwa wasaidizi na washauri kwa wafanyabiashara na wawekezaji. Shughuli za biashara zinapokuwa rasmi, Wafanyabiashara wanakuwa katika nafasi nzuri ya kupata fursa mbalimbali zinazotolewa na Serikali au sekta binafsi kama vile zabuni na mikopo kutoka taasisi za kifedha. Pia, wanatambua mchango wao katika kuchangia kwenye pato la Taifa ambalo hatma yake ndio linaiwezesha Serikali kutoa huduma mbalimbali za kijamii kwa wananchi wote. Mafunzo ya Sheria ya utoaji wa Leseni za Biashara yameanza Mei 23, 2022 na yanatarajia kufikia tamati Mei 27, 2022. more details ...

GEITA REGION SPENDS 3.1BN/- ON CONSTRUCTING LIVESTOCK AUCTION

17 May 2022 Sheila Mfunami
GEITA region has spent 3.1bn/- so far to complete the first phase of construction of a modern livestock auction market at Buzilayombo Village in Chato District in the region. The project is being implemented at a total budget of 4.8bn/- by contractors-the National Housing Corporation (NHC) and the Tanzania Building Agency (TBA). That was stated over the weekend by Geita Regional Commissioner, Ms Rosemary Senyamule, on her official visit to the project which was officially launched in 2020. She said out of the total amount, about 900m/- has been provided by the Sixth Government Phase, under President Samia Suluhu Hassan in the current financial year, aimed at developing and completing the project. “This project, once fully completed, will boost more livestock businesses…the project is good and looks interesting, what is needed now is setting up work plans, we have no reason to delay,” she said. “Let’s make sure that we appropriately use this huge and costly government investment, because we no longer want to see people continue running livestock trade in the wrong places,” she insisted. Chato District Livestock and Fisheries Head of Department, Dr Elfas Msenya said the auction is expected to host about 700 to 1000 herds of cattle and 400 to 500 goats per day. “The special auction day will be on Saturday every week and the council will charge 1000/- for a cow, and 500/- for a goat whereas central government levies will be 6000/- per a cow and 1500/- per a goat,” Dr Msenya added. Reached for a comment, a resident of Buzilayombo village, Mr Mbaruku Hamza, acknowledged that the auction is going to open doors for livestock business opportunities for Chato and Geita pastoralists and in turn raise the livelihoods of the people more details ...
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CRDB HAS SLASHED SALARY LOANS

02 Jun 2020
DAILYNEWS
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CRDB has slashed salary loans interst rate to 14 percent to enable workers to realize their ambitions under a new campaign at a time when market rates are over 17 per cent.

The bank's new interest rate is the lowest in the market and came at time when the economy striving to flatten the Covid-19 curve while workers are struggling to cope up with post pandemic realities.

CRDB's Director of Retail Banking, Boma Raballa said under the campaign "Jichie Utakavyo" salaried workers have more room for choosing on payment period to whether pay between one to seven years.

"The rate slases give workers a broader spectrum of borrowing at lower cost, longer time and freedom to choose what they want, " Mr Raballa said adding while reducing payment burden to beneficiaries.

The initiative, according to CRDB, also allowed a beneficiary -from public or private sector -to choose a loan term that is in line with his/ her a need and interest rate. The loan ceiling amount is 100m/-

"A customer has the freedom to choose the payment period from one, two, three until seven years, "the director saidd.

The interest rate, however, carters for salaried workers in public or private sectors the interest is calculated on reducing rate method.

Commenting on the bank improvements to salary loans, Head of Consumer  Banking, Stephen Adili, said they are recognising the huge contribution  of public and private sector employees to the economy.

"We recognise the challenges we have faced during this (coronavirus) period. And we have been at the forefront to simplify  these challenges in every aspect.

"This 'Jiachie Utakavyo' campaign is part of the appreciation of all employees, but also to help them achieve their goals, "said Mr Adili.

CRDB Senior Manager Personal Banking, Ms Farida Hamza used the launching soft ceremony to wooing workers to seize the opportunity to enable easing person financial stress. The loans are available 24 hours after application.

"The loan are not only for CRDB customers but for all employees in the counrty. The bank also buyout employee loans in other banks, " Ms Farida said.

The loan application, according to CRDB, is simple since applicant needs national recognizable IDs, salary slips for three months and employment contract and employer letters.

This is the second time CRDB cut down borrowing interest rate. The first time was in May 2018 when reduced the rate to 16 per cent from 22 per cent to reduce borrowers' payback burden. 


What color is not part of the Tanzanian Flag
a. Red
80%
b. Green
20%
c. Blue
0%
d. Black
0%
Total Votes: 5