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GOLD REFINERY COMPLETION, EXPORTS SET FOR SEPTEMBER

Tanzania will start exporting refined gold within the next four months after the completion of the refinery plant in Mwanza. Stanslaus Nyongo, the Deputy Minister for Minerals, revealed this yesterday after visiting the refinery project site in Mwanza. He said that the construction of the plant began two months ago and is currently around 40 percent complete.

SERIKALI YATAJA SABABU TATU KUADIMIKA SUKARI

Serikali imetaja sababu tatu ambazo zimesababisha kuadimika kwa sukari nchini, huku ikitoa msimamo wake kuhusu bihaa hiyo muhimu. Waziri wa Kilimo, Japhet Hasunga alisema bungeni jana kuwa sababu hizo ni ugonjwa wa corona, baadhi ya wanunuzi kuficha sukari, meli nyingi zimekuwa zikifaulisha mizigo kwenye meli nyingine hivyo kusababisha kuchelewa kufika kwa wakati nchini.

MULTI-COUNTRY PROJECT TO BOOST FOOD PRODUCTION

A five-year multi–country project for Tanzania, Kenya and Uganda is investing 2 million Euros in grants to 14 Agri businesses in the three partner states. The investment from the Climate Resilient Agribusiness for Tomorrow (CRAFT), project is specifically targeting companies and farmers working in the sunflower, soybean, sesame, common beans, potato and sorghum value chains in the three countries.

TANZANIA, RWANDA KUUZA NYAMA ULAYA

Tanzania na Rwanda kwa mara ya kwanza zitaanza kusafi risha nyama kutoka katika nchi hizo na kupeleka kuuza nchi za Ulaya kuanzia leo. Usafirishaji wa nyama kutoka nchi hizo utafanywa kwa kutumia ndege ya mizigo ya RwandAir na utazinduliwa leo jijini Mwanza na Waziri wa Uchukuzi, Isack Kamwelwe, ikiwa ni mkakati wa kuingiza fedha za kigeni kutokana na mauzo hayo.

MANUFACTURING SECTOR ASSESSMENT ON COVID-19 IMPACT SHEDS LIGHT

Analysts have said the assessment report on the impact of coronavirus pandemic to industrial sector by the Confederation of Tanzania Industries (CTI) will shed light on post recovery plan. The report showed that almost 98 percent of the respondents confirmed that their businesses have been affected by virus contagion indicting dropping of sales revenue and production by over 50 per cent.

FREE MOVEMENT OF ESSENTIAL GOODS TO SUPPORT FIGHT AGAINST COVID-19 IN EAC

As the East African Community emphasized on the need to enhance domestic production of key medical products to fight coronavirus, addressing cross border bottlenecks is of paramount in order to allow free movement of goods. On Friday last week, the partner states were directed by a Joint consultative meeting of Partner States’ Ministers and Cabinet Secretaries responsible for Health, Trade, Transport and EAC Affairs to support local production of essential medical products and supplies including masks, sanitizers, soaps, processed food, ventilators as part of efforts to combat Covid-19 in the region.

IMPRESSIVE DEMAND GREETS 7-YEAR GOVT NOTEVE DEMAND GREETS 7-YEAR GOVT NOTE

Investors’ appetite for 7-year treasury bonds auctioned last week by the Bank of Tanzania (BoT) was high ending the trading session oversubscribed. The government sought to raise 61.70bn/-through the debt instrument but the total amount tendered jumped to 175.46bn/-, however, at the end it retained 120bn/- as successful amount.

IMPORTED SUGAR TO SOLVE CRISIS

Over 18,000 tonnes of imported sugar will be poured into the local market starting this week, which is expected to end the shortage of the sweetener. SBT Director General Prof Kenneth Bengesi told the 'Daily News' yesterday that part of the consignment amounting to 3400 tonnes has already arrived at the Dar es Salaam Port and some of it has been offloaded and supplied to some regions.

OIL & GAS FIRM SECURES LICENCE EXTENSION

An upstream oil and gas company, Aminex has secured the extension of the Mtwara Licence from the Ministry of Energy, which is one of the last remaining conditions required to close the Farm-Out Agreement with ARA Petroleum Tanzania Limited.

VYAMA VYA USHIRIKA VYAHUDUMIA 229,000

JUMLA ya wateja 229,000 wamekuwa wakihudumiwa na vyama vya ushirika mkoani Mbeya kwa lengo la kujiongezea kipato kutokana na fursa mbalimbali ambazo wamekuwa wakipata zikiwamo za usimamizi bora wa soko la mazao yao.

VIPAUMBELE 10 VIWANDA KUFIKA UCHUMI WA KATI

Wizara ya Viwanda na Biashara imeweka vipaumbele 10, kikiwemo cha kuendeleza na kuhamasisha ujenzi wa viwanda vya kimkakati na vya kielelezo nchini. Akiwasilisha bajeti ya wizara hiyo kwa mwaka 2020/21 bungeni jana, Waziri Innocent Bashungwa alisema vipaumbele vingine ni kufufua viwanda vilivyobinafsishwa, kupanua na kukarabati vilivyopo na kuchochea au kuhamasisha uwekezaji au uanzishwaji wa viwanda vipya.

MARUFUKU KUNUNUA MAZAO KWA WAKULIMA

Serikali imepiga marufuku kwa wafanyabiashara na kampuni kutoka nje ya nchi kununua mazao moja kwa moja kwa mkulima na badala yake wanunue mazao katika soko la upili. Pia imetangaza kuvifutia usajili wa vyama vya ushirika 3,338 ambavyo ni hewa ikiwa ni baada ya kuisha notisi ya siku 90.

REGIONAL BUSINESS COUNCIL CALLS FOR FREE MOVEMENT OF GOODS IN EAC PARTNER STATES

With the outbreak of Covid- 19, the East African Business Council has advised the East African partner states to consider allowing free movement of both essential and non-essential goods within and outside the region. The outbreak of coronavirus has increased restriction on the movement of goods and people across borders threatening the livelihoods of traders and their families and reduced revenue for partner states.

FIRMS TOLD TO DEVELOP NEW VARIETIES OF SUNFLOWER SEEDS

The Tanzania Chamber of Commerce, Industry and Agriculture (TCCIA) has appealed to agricultural firms and research institutes to develop new sunflower seed varieties to boost crop yield in the country. Central Zone Executive Secretary of TCCIA Iddi Senge said yesterday that the current type of sunflower seed had been in use in the country for over 50 years, saying lack of various types of sunflower seed had been a challenge to high crop yield.

METALLURGICAL SULPHIDE GOLD TESTING ON PIPELINE

Tanzanian Gold Corporation has said SGS Canada Lakefield staged to start comprehensive metallurgical testing on sulphide gold mineralization that will warrant the design of a large gold processing plant at Buck reef project. The testing is necessary in order to finalize a flow-sheet for the design of the processing plant that will be the basis for the final feasibility study of the Buckreef Project.

RETAILERS WARNED NOT TO HIKE PRICES

Deputy Minister for Industry and Trade Stella Manyanya has directed factories producing plastic goods to manufacture more plastic buckets and issued a stern warning to traders who hike prices for washing hands products.

PETRA CLOSES WILLIAMSON MINE, PUT UNDER FORCE MAJEURE

Petra Diamonds has upheld the closure and force majeure at Williamson mine in Mwadui, Shinyanga due to coronavirus pandemic. Petra, operating the largest diamond mine in the country, first announced force majeure and closure of operation from mid-last month but upheld the move till diamond market improved.

SELECTED COMMODITIES VALUE SHOOT UP BY 7.5 PC

THE value of selected manufactured commodities increased by 7.5 per cent in the period ending December last year following improvement recorded in south eastern, southern highlands and central zones. According to the Bank of Tanzania (BoT) consolidated zonal economic performance report for the quarter ending December last year, the value of manufactured commodities rose to 2.64tri/- compared to 2.45tri/- in the corresponding period 2018.

MAIZE RECORDED LOW PRICES DURING PREVIOUS SEASON

The Ministry of Agriculture said yesterday that maize prices at some parts of the country dropped to between 200/- and 170/- per kilogram in the past season. Following the situation, the National Food Reserve Agency (NFRA) purchased a kilogram of maize at higher prices of between 350/- and 500/-.

DECLINING TOURISM, EXPORTS’ EARNINGS STRESS THE SHILLING

The shilling has continued to depreciate against US dollar largely due to decline of inflows from tourism and exports. For example, last week, the shilling, lost 61 percentage in points (pips) to close at a weighted average rate of 2,302/67 against a green back. “The depreciation is caused by halted tourism activities and lowered exports due to the coronavirus.