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AFDB LENDS TANZANIA USD 272 M FOR THE CONSTRUCTION OF MSALATO INTERNATIONAL AIRPORT THE AFRICAN

Development Bank (AfDB) has recently approved a USD 272.12 million loan to Tanzania for the construction of a new international airport in the capital Dodoma. The funding package comprises a USD 198.6 million loan from the Bank, USD 23.52 million from the African Development Fund (ADF) and USD 50 million in co-financing with the Africa Growing Together Fund (AGTF) — a co-financing facility of the People’s Republic of China managed by the Bank. The new airport will be built in the district of Msalato, 12 kilometers from the capital Dodoma. The project involves the construction of high-capacity airport infrastructure to meet the expected growth in air transport from the city’s new role as the administrative capital of Tanzania. It will replace the present airport serving the capital that cannot accommodate larger aircrafts. Work will be carried out over four years and will include a passenger terminal, a runway, air navigation equipment. The project includes other related operational services such as a fuel distribution company, water supply systems, electrical power distribution substations and a fire-fighting service. The new facility is expected to handle at least 50,000 aircrafts and a million passengers per year. It is estimated it will benefit and serve more than 200 million passengers in East Africa, as well as international trade networks, and especially business travelers and tourists. Amadou Oumarou, the Director of the Bank’s Infrastructure and Urban Development Department, commented: “An expanded air transport network in Dodoma, together with the ongoing high-speed railway construction on the central corridor, are necessary infrastructure investments to help unlock and disperse spatial development in the countryside. This will strengthen the city’s potential as a strategic growth pole in keeping with Tanzania’s national development aspirations of fostering shared growth for all the regions.” RELATED: Tanzania To Invest in Airports Upgrade in 2015/2016 AfDB Tanzania As of late November 2019, the AfDB portfolio in Tanzania comprised of 21 public and two private-sector operations, with a total commitment of approximately USD 2.1 billion. The transport sector alone accounts for 51% of project funding, followed by energy (16%), water and sanitation (12%), finance (6%), agriculture (6%), multisector interventions (5%) and social projects (4%).

WAKULIMA KOROSHO WAJAZWA MABILIONI

MKOA wa Pwani umewalipa wakulima wa zao la korosho Sh bilioni 60.6 kwa msimu wa mwaka 2018/19. Pia korosho tani 46 za daraja la kwanza ziliuzwa kwa Sh 2571 na daraja la pili ziliuza tani 109 kwa Sh 2075 ambapo hadi Desemba jumla ya tani 765 zimeuzwa. Akizungumza katika Kikao cha Ushauri cha Mkoa (RCC) kilichofanyika mwishoni mwa wiki, Mkuu wa Mkoa, Evarist Ndikilo alisema kwa wakulima ambao hawajalipwa serikali inaendelea na uhakiki ili kuwalipa walengwa. “Korosho itakayolipwa ni ile itakayokuwa imepelekwa kwenye ghala kuu lakini zile zilizo kwenye vyama vya msingi vya ushirika watalipwa huko huko,” alisema Ndikilo. Alisema hadi sasa kuna tani zaidi ya 6,000 ziko kwenye vyama vya ushirika vya msingi (Amcos) na korosho nyingine ziliharibika kutokana na hali ya mvua na ukosefu wa magunia. “Korosho nying ziko Amcos na hazina ubora unaotakiwa na iliamuliwa korosho zipimwe ubora kabla ya kupelekwa ghala".

ACACIA YAFUTWA RASMI DSE

Dar es Salaam Baada ya miaka minane ya kudumu katika Soko la Hisa Dar es Salaam (DSE), kampuni ya Acacia yafutwa rasmi Novemba 18, 2019. Kampuni hiyo iliyoorodheshwa DSE Desemba 2011 ikijulikana kama African Barrick Gold (ABG) kabla haijabadili jina na kuitwa Acacia Novemba 2014, inaondolewa sokoni hapo baada ya kukamilisha utaratibu wa kufutwa. “Acacia ilifutwa katika Soko la Hisa London (LSEG) tangu Septemba. DSE itaifuta kuanzia leo Novemba 18, 2019”, inasomeka taarifa ya DSE iliyowekwa kwenye tovuti yake. Kufutwa kwa kampuni hiyo, taarifa zinaonyesha kutapunguza ukubwa wa mtaji wa soko hilo kutoka Sh 19.67 trilioni uliokuwapo mwishoni mwa wiki iliyopita hadi Sh 16.94 trilioni. Wakati ukubwa wa mtaji wa soko zima ukipungua,ule wa kampuni za ndani, Sh9.01 trilioni hautabadilika. “Hii inamaanisha ndio mwisho wa kuwa na kampuni ya Acacia katika soko letu. Walituandikia nasi tumewakubalia kuwafuta, “ alisema Moremi.

TTCL, HALOTEL INK INTEROPERABILITY DEAL

TTCL Corporation and Halotel have inked a deal for interoperability partnership to enable customers of the two to send and receive money using mobile phones. TTCL’s T-Pesa Managing Director Ms Lulu Mkudde, told a press conference in Dar es Salaam yesterday that the move aimed at minimizing costs for their customers

KIA REVENUE DOUBLES TO 26BN/- IN SIX YEARS

Revenue at the Kilimanjaro International Airport (KIA) doubled in the last six years, thanks to increase number of planes and passengers. The revenue doubled from 13bn/- to 26bn/- in the last six years as more cargo planes are landing at the airport to ship horticulture products. The Minister for Works Transport and Communication, Engineer Isack Kamwelwe, hailed the Kilimanjaro Airport Development Company (KADCO) that runs the airport at satisfactory standards.

VODACOM, WORLDREMIT DEAL CUT COST OF SENDING MONEY

Vodacom Tanzania and WorldRemit have launched mobile money transfers to M-Pesa accounts in the country. The platform will enable nine million M-Pesa customers to receive money instantly from over 50 countries worldwide using the WorldRemit app or website. Vodacom Tanzania M-Pesa Director, Epimack Mbeteni, said the partnership will with WorldRemit enables them to tap into their global payments network and help customers receive remittance into the country from more countries around the world.

TANZANIAN INVENTOR STEALS THE SHOW WITH WATER PURIFICATION TECHNOLOGY

Arusha, Tanzania. A Tanzanian scientist was the centre of attraction here on Tuesday for his award winning invention in water purification technology. Dr. Askwar Hilonga, whose innovation is set to address the problem of water borne disease was described as ‘a game changer’. “He innovated a non-filter material for ridding water of harmful germs”, said the deputy minister for Education, Science and Technology, William Ole Nasha. He said during an international scientific conference that water contaminated with germs is among the infections “causing the highest mortality and morbidity in Tanzania”. Dr. Hilonga, Senior lecture at Nelson Mandela Institution of Science and Technology (NM-AIST), has won multiple international awards for the feat. “The impact of his innovation on the communities in Arusha and neighbouring regions is quite vivid”, Mr Ole Nasha pointed out.

TBL TO PARTICIPATE IN 16-DAYS ACTIVISM

TANZANIA Breweries Limited (TBL) will join other stakeholders involved in the fight against Gender Based Violence (GBV) to commemorate this year's 16 days of activism. The 16 Days of Activism Against Gender-Based Violence,is an international campaign to challenge violence against women and girls.

SIMA ORDERS MTWARA GAS PROCESSOR TO GET ENVIRONMENT COMPLIANCE PLAN

DEPUTY Minister of State in the Vice-Presisent's Office (Union and Environment) Musa Sima has ordered a firm processing natural gas in Mtwara Rural District to get as soon as possible the Environment Compliance Plan (ECP) as required by the Environmental Management Act of 2004 and its Regulations. The Company is called Maurel & Prom Exploration Production.The deputy minister, on a four-day tour of Mtwara Region,is visiting different natural gas projects to see whether the laws are being observed.

BANK'S INNOVATION KEY TO REACH UNBANKED POPULATION

BARCLAYS Tanzania has said it will continue its focus on innovation in order to improve service delivery and reach more unbanked population. This was said by the Barclays Tanzania Managing Director, Abdi Mohamed at the 12th EMEA Finance African Banking Awards for 2019 whre Absa Coporate and Investment Banking (CIB) claimed top honours as the Best Investment Bank in Africa.

INTRA-EAC TRADE ENHANCEMENT NOW

THE East African Business Council (EABC) is seeking to havae the regional intra trade that stands at only 12 percent is boosted for at least 10 percent on yearly basis, as the East African Community (EAC) approaches 20 anniversary. The regional apex body for for private sector and corporates from the six EAC partner states leads a unique celebration of the anniversary by taking stock by interrogating the journey that started in 1999 by questioning if enough has been done if not what should be done.

UTT AMIS BOND FUND INVESTMENT WINDOW REOPENS

UNIT trust fund under UTT asset management and Investor Services (UTTAMIS) has registered 2000 investors in the newly introduced Bond fund investing atotal of 16bn/- and their shares increasing exponentiallyin just a month. The UTT AMIS Managing Director,Simon Migangala, said in Dar es Salaam recently when announcing the opening of the second phase of investing window in the bond fund After the successful phase one so that more Tanzanians should use the opportunity to invest before the period expires and the shares shooting up.

CHINESE ENTREPRENEURS ENTER GLOBAL MANAGEMENT THINKERS RANKING

THINKERS 50,the well known ranking of global business thinkers,announced its 2019 ranking of management thinkers here on Monday night. Two Chinese entrepreneurs alongside with representatives from 15 countries and region entered the new Thinkers 50 ranking.

SA INFLATION SLOWS TO EIGHT-YEAR LOW,PUTTING RATES CUTS BACK IN PICTURE

SOUTH Africa consumer inflation dropped in October to its lowest level since February 2011 as fuel prices fell sharply,raising the chances ofr an interest rate cut by the central bank on Thursday. Headline consumer inflation showed to 3.7% year on year in October from 4.1% in September while monthly price growth was flat at 0%,Statistics South Afrikca said on Wednesday,adding that a 4.9% decrease in petrol prices was the main factor in the slowdown.Most other product prices also fell.

CHINA CENTRAL BANK GOVERNOR PROMISES CREDIT SUPPORT TO ECONOMY

CHINA will step up credit support to the economy and push real lending rates lower,central bank governor Yi Gang said on Tuesday,as policymakers keep monetary policy accomodative to prop up slowing growth. Authorities will promote capital replenishment and boost banks' ability to increase lending,Yi told a meeting with representatives from commercial banks,adding that lenders should refrence the Loan Prime Rate (LPR) when it comes to setting lending rates.

FALL IN UK HOUSE PRICES AS ELECTION KEEPS HOMES OFF THE MARKET

The number of properties coming on to the UK housing market is falling at its fastest rate in a decade as next month's general election deters sellers.

OIL PRICES HOLD ABOVE $63 ON TRADE TALK OPTIMISM, OPEC

Hopes for a trade deal between the United States and China and expectations that OPEC would extend production cuts supported oil prices on Monday, helping them hold on to last week's gains. Brent crude futures LCOcl, which rose 1/3% last week were little changed , trading at above $63 per barrel at 1100 GMT.

CHINA'S CIVIL AVIATION INDUSTRY POSTS ROBUST GROWTH IN FIRST 10 MONTHS

CHINA'S CIVIL AVIATION SECTOR REPORTED STEADY EXPANSION AS WELL AS CONTINUOUS HIGH SAFETY STANDARDS IN THE FIRST 10 MONTHS OF THE YEAR, OFFICIAL DATA SHOWED. THE TOTAL TRANSPORT TURNOVER OF THE INDUSTRY STOOD AT 107.75 BILLION TONNE-KILOMETERS FROM JANUARY TO OCTOBER, UP 7.5 PERCENT YEAR ON YEAR, ACCORDING TO THE CIVIL AVIATION ADMINISTRATION OF CHINA.

TANZANIA EXPORTS SISAL FIBER WORTH 41BN/-

Tanzania has a exported a total of 10,624.62 tonnes of sisal fiber,which is worth over 41bn/-(18.3m US dollar) in a period of nine months. According to the statistics from Tanzania Sisal Board (TSB),Amboni Plantations limited (APL) and Mohammed Enterprises Limited (MeTL) contributed 73 percent of all exported sisal fiber.

BRELA,TANTRADE ZAKUTANISHA WATENDAJI WAKE NA KUTOA MAFUNZO YA MFUMO WA BIASHARA KIMTAIFA

Kaimu Afisa Mtendaji Bw.Emmanuel Kakwezi kutoka Wakala ya Usajili wa Biashara na Leseni (BRELA) akiwa na Mtendaji Mkuu Bw. Edwin Rutageruka kutoka Mmalaka ya Maendeleo ya Biashara Tanzania (TANTRADE) tarehe 21.10.2019 jijini Dar es Salaam wakutanisha Watendaji wake na kutoa mafunzo ya Mfumo wa Biashara Kimataifa.