Tanzania Business Insight
@TanzaniaInsight
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Focused on business, finance & economy. We also dabble in politics occasionally as it affects the business environment. Contact us: tanzaniabizinsight @gmail .com
Joined April 2021
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Pinned Tweet
𝗕𝗔𝗡𝗞𝗜𝗡𝗚
𝗧𝗮𝗻𝘇𝗮𝗻𝗶𝗮'𝘀 𝗖𝗥𝗗𝗕 𝗴𝗲𝘁𝘀 $𝟯𝟮𝟬 𝗺𝗶𝗹𝗹𝗶𝗼𝗻 𝗳𝗶𝗻𝗮𝗻𝗰𝗶𝗻𝗴 𝗳𝗿𝗼𝗺 𝗨.𝗦. 𝗹𝗲𝗻𝗱𝗲𝗿𝘀
◾The project will support more than 4,500 small businesses in Tanzania, including women-owned or women-led small businesses
September 27, 2024
𝙉𝙚𝙬
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THE UNTOLD STORY OF TWO HEROINES
Precision Air hostesses Brenda Temba (23) and Lydia Ramadhan (25) survived in the Lake Victoria plane crash in Tanzania on Nov. 6
They opened the door and helped rescue 24 passengers. Their story of exceptional bravery and heroism was never told
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AZAM SUGAR TO HIT THE MARKET TOMORROW
Bakhresa Group's $300m sugar factory has started producing sugar with installed capacity of up to 35,000 tons a year, that will be expanded to 100,000 tons a year
👉Tanzania produces 378,000 tons of sugar a year. Demand is 470,000 tons
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PRECISION AIR CRASH IN LAKE VICTORIA, TANZANIA
* No fatalities reported so far
* Pilot named as Captain Buruhani Rubaga (pictured), an experienced aviator with the airline for nearly 20 years
* First officer is Peter Omondi
* The 48-seater ATR42-500 plane is 12 years old
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PRESIDENT SAMIA TAKES ACTION ON CAG REPORT
* Dissolves Board of Directors of Tanzania Railways Corporation (TRC)
* Sacks CEO of Tanzania Government Flight Agency (TGFA), John Nzulule, responsible for buying ATCL planes
* Orders Permanent Secretaries to thoroughly review CAG
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After gaining ownership of Tigo, Tanzania's third-biggest mobile network operator, business tycoon Rostam Aziz has scored another huge business victory after Kenya agreed to lift market entry barrier for his Taifa cooking gas, which is already being sold in Tanzania and Uganda
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In 1995, when Mkapa became president, Tanzania was a $5bn economy while Kenya was $9bn
At end of first term in office in 2000, TZ ($13.3bn) overtook KE ($12.7bn)
As Mkapa left in 2005, TZ ($18.4bn) and KE ($18.7bn) were at par
⏩ to 2020, KE is at $98.8bn, TZ at $62.4bn
- WB
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Former Tanzania President
@jmkikwete
turns 72 today
When he came to office in 2005, Tanzania had a GDP of $18.4 billion. When he left office in 2015, GDP stood at $47.38 BILLION 📈
JK is credited for boosting growth of the private sector, multiparty democracy and press freedom
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ROSTAM AZIZ BECOMES NEW OWNER OF TIGO, ZANTEL
Tanzania business tycoon Rostam Aziz and a consortium of Madagascar's Axian Group Ltd have completed the acquisition of Tigo Tanzania and Zantel
👉 Subsequently, Rostam now becomes the Chairman of Tigo's parent company, MIC Tanzania
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Tanzania will deploy electric locomotives and train cars from South Korea’s Hyundai Rotem on the new standard gauge railway in 2024 (see 📷 below)
The old train imported by Turkish contractor Yapi Merkezi is just for trial runs and won't be used by Tanzania Railways Corp. (TRC)
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Tanzanian MP Ahmed Shabiby says there is corruption in country's fuel Bulk Procurement System (BPS) and sabotage of oil flow metres at Dar es Salaam port
"Prices will decline if traders are allowed to import fuel outside BPS"
👉 The MP owns a bus company, hotels, fuel stations
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UN Secretary-General António Guterres has appointed Joyce Msuya of Tanzania as Assistant Secretary-General for Humanitarian Affairs and Deputy Emergency Relief Coordinator in the Office for the Coordination of Humanitarian Affairs 🇺🇳🇹🇿
She succeeds Ursula Mueller of Germany
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President Paul Kagame will make a two-day state visit to Tanzania on April 27-28, 2023 at the invitation of his host, President Samia Suluhu Hassan 🇹🇿🇷🇼
Here's why Kagame's visit to Tanzania matters:
Trend of Tanzania's exports to Rwanda
2017: $60.1m
2018: $104.1m
2019: $190.9m
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TANZANIA TO GET NEW POLICE CHIEF
As Tanzania's Inspector General of Police (IGP), Simon Sirro, nears retirement, there are growing calls for police reform and for president
@SuluhuSamia
to appoint a respected police officer, SACP Suzan Kaganda, as the country's first female IGP
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Azam milk disappears from Tanzania supermarket shelves and corner shops after government slaps punitive taxes on imported powdered milk
The move benefits fresh milk processing companies in Tanzania, such as Asas, Tanga Fresh and Dar Fresh, which use locally-sourced raw milk
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SAMIA, KAMALA TO MAKE HISTORY
Tanzania's first female President
@SuluhuSamia
will meet the United States' first female Vice President
@KamalaHarris
at the White House in Washington DC on Friday this week
Samia is on a two-week visit to the U.S. to promote tourism, investments
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Former Tanzania Food and Drugs Authority (TFDA) DG, Hiiti Sillo, has been appointed Head of the World Health Organisation's Regulation and Safety Unit
He joins another Tanzanian at the WHO headquarters in Geneva,
@mwelentuli
, who is Director for Neglected Tropical Diseases 🇹🇿
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TANZANIA POLITICAL INSIGHT ⚠️
✔️ President
@SuluhuSamia
may hold face-to-face talks with opposition leader
@TunduALissu
in Brussels
✔️ A judge presiding over a terror case against opposition chief
@freemanmbowetz
may drop charges against him on Friday
- Well-placed sources
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TANZANIA IS NOW AN $85 BILLION ECONOMY
➡️ This makes Tanzania's economy BIGGER than several small European countries
The size of Tanzania's GDP in 2023 has grown to $85.42 billion from $69.94 billion in 2021, according to the IMF
This is a significant expansion in just two
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In 1995, when Mkapa became president, Tanzania was a $5bn economy while Kenya was $9bn
By end of first term in office in 2000, TZ ($13.3bn) overtook KE ($12.7bn)
As Mkapa left in 2005, TZ ($18.4bn) and KE ($18.7bn) were at par
By 2020, KE was at $98.8bn, TZ at $62.4bn
- WB
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JUST IN: Tanzanian businessman Zacharia Hans Poppe, who was also a prominent member of
@SimbaSCTanzania
football club, has died at the Aga Khan Hospital in Dar es Salaam from Covid-19 complications
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BREAKING: Tanzania Parliament Speaker Job Ndugai resigns after publicly falling out with President
@SuluhuSamia
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TANZANIAN RAPPER BECOMES A DEPUTY MINISTER
President
@SuluhuSamia
has appointed musician Mwana FA as the Deputy Minister for Culture, Arts and Sports
Also known as Hamis Mwinjuma, the "MC with an MSc" holds a master's degree in finance from Coventry University
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THE EAGLE HAS LANDED
U.S. Vice President Kamala Harris has arrived in Dar es Salaam to begin her 3-day visit to Tanzania. She was received at the airport by Vice President Philip Mpango
In the background is "Air Force Two," the official C-32 plane carrying the U.S. vice
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DIAMONDS ARE FOREVER
Tanzanian business tycoon Rostam Aziz has bought a 31.5% stake in Williamson Diamonds Limited (WDL) from South Africa's Petra Diamonds for $15 million
The Tanzanian government, which currently owns 25% of the shares in the Shinyanga-based WDL, will hike
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WACKY NUMBERS
Tanzania tourism minister Damas Ndumbaro claims the Visit Tanzania logo on Simba SC shirts was seen by 5 BILLION viewers in Africa's CAF club tournament, with each match seen by 500 MILLION new viewers
⚽ The UEFA Champions League final gets a mere 400m viewers
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Deutsche Bank will not finance a planned $3.5 billion East African Crude Oil Pipeline (EACOP), which would stretch more than 1,400 kilometres from Uganda to Tanzania, after environmental campaigners said it will displace thousands of families and disrupt nature reserves - Reuters
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𝗪𝗛𝗘𝗥𝗘 𝗔𝗥𝗘 𝗧𝗛𝗘𝗬 𝗡𝗢𝗪?
𝗧𝗵𝗲 𝟱 𝗺𝗲𝗻 𝘄𝗵𝗼 𝗱𝗲𝗰𝗶𝗱𝗲𝗱 𝗧𝗮𝗻𝘇𝗮𝗻𝗶𝗮'𝘀 𝗳𝗮𝘁𝗲 𝗮𝗳𝘁𝗲𝗿 𝗠𝗮𝗴𝘂𝗳𝘂𝗹𝗶'𝘀 𝗱𝗲𝗮𝘁𝗵
◾Five members of President Magufuli's inner circle quietly decided the fate of the country after his death, while Vice President
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Key performance indicators for NMB and CRDB banks
PROFIT BEFORE TAX
NMB Sh 302 billion
CRDB Sh 238 billion
DEPOSITS GROWTH
NMB 5%
CRDB -0.5%
ASSETS GROWTH
NMB 8%
CRDB 0.8%
NUMBER OF EMPLOYEES
NMB 3,483
CRDB 3,617
- Q3 2021 financial statements
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Tanzania President
@SuluhuSamia
and other EAC leaders, including Rwanda's
@PaulKagame
and Uganda's
@KagutaMuseveni
have delayed sending congratulatory messages to Kenya’s president-elect
@WilliamsRuto
, possibly anticipating a legal challenge to his contentious election victory
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HISTORY MAKERS
Tanzanian President Samia Suluhu Hassan (right) returns a salute from her aide-de-camp (ADC), Col. Nyamburi Mashauri, at a military event in Dar es Salaam today
The first female Commander-in-Chief of the armed forces and ADC in Tanzania's 60-year history 🇹🇿
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WHO and Bill & Melinda Gates Foundation announce plans to set up a mentorship programme for African women working in neglected tropical diseases programmes in honour of the late Dr Mwele Malecela, who was one of the world's most highly-respected scientists, public health leaders
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𝗜𝗻 𝗺𝗲𝗺𝗼𝗿𝘆: 𝗔𝗹𝗶 𝗠𝘂𝗳𝘂𝗿𝘂𝗸𝗶, 𝗼𝗻𝗲 𝗼𝗳 𝗧𝗮𝗻𝘇𝗮𝗻𝗶𝗮'𝘀 𝗺𝗼𝘀𝘁 𝗯𝗿𝗶𝗹𝗹𝗶𝗮𝗻𝘁 𝗺𝗶𝗻𝗱𝘀
Four years ago today, Ali Mufuruki, a prominent Tanzanian entrepreneur, philanthropist, intellectual and public speaker died at the age of 61.
A brilliant mind, he
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Tanzania gives
@elonmusk
2 conditions for launching Starlink iin the country, according to Communications and ICT Minister
@Nnauye_Nape
:
1️⃣ Starlink must open a country office in Tanzania
2️⃣ Starlink must offer guarantees to the government on data protection for Tanzanian users
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THE TRILLION-SHILLING CLUB
Top 5 biggest banks in Tanzania by assets 🇹🇿
(Tanzanian shillings)
🏛 CRDB 7.76 trillion
🏛 NMB 7.65 trillion
🏛 Stanchart 2.2 trillion
🏛 NBC 2.09 trillion
🏛 Exim 1.28 trillion
* As of 30 June, 2021
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The size of GDP of the economies of member states of the East African Community (EAC)
🇰🇪 Kenya $110.3bn
🇹🇿 Tanzania $67.8bn
🇨🇩 DRC $55.3bn
🇺🇬 Uganda $49.5bn
🇸🇸 South Sudan $12bn
🇷🇼 Rwanda $11bn
🇧🇮 Burundi $2.7bn
* WB data for 2021 for all countries, except South Sudan (2015)
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One of Tanzania's most respected bankers, LAWRENCE MAFURU, has bounced back to the Ministry of Finance after being appointed Commissioner of Policy Analysis
He stepped down as managing partner of financial advisory firm Bankable Tanzania after agreeing to return to civil service
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DR. MWELE MALECELA (1963-2022) 🇹🇿
🔬 She announced in 2019 that she was diagnosed with cancer
🔬 She was one of the world's most respected scientists and was named among 100 most influential women in Africa
🔬Until her death, she was Director of Control of NTDs, WHO in Geneva
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The trend of the size of GDP of Tanzania and Kenya economies over the past four decades
1991
🇹🇿 Tanzania $4.96bn
🇰🇪 Kenya $8.15bn
2001
🇹🇿 Tanzania $13.58bn
🇰🇪 Kenya $12.99bn
2011
🇹🇿 Tanzania $34.66bn
🇰🇪 Kenya $46.87bn
2021
🇹🇿 Tanzania $67.8bn
🇰🇪 Kenya $110.35bn
- WB data
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CRDB becomes the first bank in Tanzania to cross TZS 10 TRILLION assets as NMB remains most profitable bank
ASSETS
CRDB 10.25 trillion
NMB 9.05 trillion
DEPOSITS
CRDB 7.15 trillion
NMB 6.6 trillion
PRE-TAX PROFIT
NMB 298 billion
CRDB 250 billion
- June 2022 financials in TZS
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TANZANIA'S NATIONAL 2050 VISION TEAM MEMBERS
𝟮𝟬. 𝗗𝗿. 𝗡𝗲𝗲𝗺𝗮 𝗠𝗱𝘂𝗺𝗮
Dr. Mduma is a lecturer in information and communication sciences and engineering at the Nelson Mandela African Institute of Science and Technology (NM-A- IST).
She holds a PhD in information and
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TANZANIA POLITICAL INSIGHT
* President
@SuluhuSamia
to DISSOLVE cabinet and appoint a new Prime Minister, cabinet ministers
* Parliament Speaker Job Ndugai will RESIGN in the coming hours or days
* CLEAN SLATE: Parliament to elect a new Speaker and Deputy Speaker next month
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JUST IN: Dr Irene Isaka, who was sacked by President John Magufuli in December 2018 as director general of the Social Security Regulatory Authority (SSRA) has been appointed by President Samia Suluhu Hassan as CEO of the Public Procurement Regulatory Authority (PPRA)
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DUE DILIGENCE
𝗖𝗵𝗶𝗻𝗲𝘀𝗲 𝘁𝗲𝗮𝗺 𝗮𝗿𝗿𝗶𝘃𝗲𝘀 𝗶𝗻 𝗧𝗮𝗻𝘇𝗮𝗻𝗶𝗮 𝘁𝗼 𝗿𝗲𝘃𝗶𝗲𝘄 𝗧𝗔𝗭𝗔𝗥𝗔 𝗯𝗲𝗳𝗼𝗿𝗲 𝘁𝗮𝗸𝗲𝗼𝘃𝗲𝗿
* China wants to use railway line to export strategic minerals from Zambia, DRC via Dar es Salaam port
* Beijing plans to model TAZARA on the
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WE SHALL PUMP OIL BY 2025, COME WHAT MAY - MUSEVENI
Ugandan President
@KagutaMuseveni
has outrightly dismissed EU Parliament criticism on the EACOP project being implemented by Uganda and Tanzania, saying Uganda will pump oil by the 2025 target with or without
@TotalEnergies
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LEGEND
Tanzanian business tycoon James Rugemalira set free by a Dar es Salaam court today after 4 YEARS in detention. He defiantly fought for his rights and refused to buy his freedom by entering controversial plea bargain deals promoted by the Magufuli administration
📷 JF
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A COMPLEX LEGACY
➡️ He was both loved and loathed
➡️ Revered and feared
➡️ Respected and rejected
➡️ A fairy tale and a nightmare
John Pombe Magufuli, Tanzania's divisive 5th President, would have been 63 years old today if he was alive
Happy birthday Mr President...
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𝗜𝗻 𝗺𝗲𝗺𝗼𝗿𝘆: 𝗔𝗹𝗶 𝗠𝘂𝗳𝘂𝗿𝘂𝗸𝗶, 𝗼𝗻𝗲 𝗼𝗳 𝗧𝗮𝗻𝘇𝗮𝗻𝗶𝗮'𝘀 𝗺𝗼𝘀𝘁 𝗯𝗿𝗶𝗹𝗹𝗶𝗮𝗻𝘁 𝗺𝗶𝗻𝗱𝘀
Four years ago today, Ali Mufuruki, a prominent Tanzanian entrepreneur, philanthropist, intellectual and public speaker died at the age of 61.
A brilliant mind, he
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JUST IN: Tanzania's High Court orders CYPRIAN MUSIBA to pay former foreign affairs minister Bernard Membe Sh 6 BILLION in damages
In August, courts also ordered him to pay Sh 7.5 BILLION to lawyer
@fatma_karume
and Sh 80 MILLION to former minister Anna Tibaijuka for defamation
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A FRIEND IN NEED 🇹🇿 🇲🇼
Tanzania sends humanitarian assistance to Malawi
* Dispatches 2 heavy-lifting military choppers with own fuel supplies
* 100 service men and women
* 1,000 tonnes of food
* 6,000 blankets, mattresses, tents and medical supplies
* $1 million cash
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PSSF'S LOSS-MAKING SKYSCRAPPERS
Tanzania's PSSSF pension fund, like it's counterpart NSSF, has invested trillions of shillings in high-rise buildings that are making losses because of a lack of tenants
The average occupancy rate of PSSSF's buildings was just 21% in 2021/22,
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Tanzania president
@SuluhuSamia
overhauls Medical Stores Department (MSD)
* Sacks board chair, CEO. Picks young private sector experts
💊 Rosemary Silaa, PwC procurement, supply expert is new board chair
💊 Mavere Tukai, pharmaceutical supply chain expert from USAID is new CEO
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Private container operator TICTS has caused a massive loss to Tanzania after dropping 3 containers into the sea, blocking passage of ships to the Kurasini oil jetty (KOJ) for several days
Tanzania is currently in negotiations with TICTS over renewal or non-renewal of contract
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President
@SuluhuSamia
has appointed Gilead Teri as Executive Director of the Tanzania Investment Centre
A PhD researcher at the University of Manchester, Gilead previously held senior roles at the Tanzania Private Sector Foundation (TPSF), the World Bank and the European Union
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Tanzania's retiring defence chief, General Venance Mabeyo, drops a hint at how he stood firm to ensure smooth transfer of power to Tanzania's first female President,
@SuluhuSamia
, amid reports that certain individuals tried to usurp the constitution after Magufuli's death
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SHEROES
After more than half the team tested positive for Covid-19, only 8 Tanzania players were eligible to face 11 players of Burundi in the FIFA U-20 Women's World Cup Costa Rica™ qualifier second leg match in Bujumbura that ended 1-1
Aggregate result: Burundi 3 Tanzania 4
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TIGHT TWO-HORSE RACE
NMB overtakes CRDB to restore it's title as the biggest bank in Tanzania by assets and customer deposits 🇹🇿
ASSETS
♦ NMB Sh 8.18 trillion
♦ CRDB Sh 8.13 trillion
DEPOSITS
♦ NMB Sh 6.05 trillion
♦ CRDB Sh 5.89 trillion
- Q3 2021 financial statements
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Tanzania's reformist President
@SuluhuSamia
delivers the biggest investment in the country's history with the $42 billion LNG deal
As a minister and later Vice President, Samia watched from the sidelines as talks on the LNG project were started by President Jakaya Kikwete and
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THEY ARE BACK!
They masterminded CCM's victory in 2015, the toughest election in Tanzania's history for the ruling party, but were isolated by John Magufuli, the man they helped put in power
The trio -
@JMakamba
, Abdulrahman Kinana and
@Nnauye_Nape
are now back in the fold
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H1 2023 RESULTS
CRDB consolidates it's position as the BIGGEST bank in Tanzania by assets and deposits, while NMB holds on to it's crown as the most PROFITABLE bank in Tanzania
💰 Tanzania's two biggest banks benefit from high interest income and low loan defaults
Assets:
CRDB
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Russia-Ukraine conflict poses first big test of Tanzania president
@SuluhuSamia
foreign policy
On one side of the conflict, there is Russia, seemingly backed by China
On the other, there is the United States, EU and other western nations
👉Tanzania likely to avoid taking sides
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Cargo traffic at Dar es Salaam Port in Tanzania 🇹🇿
(tonnes)
2017: 13.7 million
2018: 15 million
2019: 16 million
2020: 15.8 million
2021: 17 million
👉 In 2021, Kenya's Mombasa handled 34.5 million tonnes of cargo
👉Durban in South Africa handled 79.2 million tonnes in 2021
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Tanzania joins the rest of the world to mark the International Day of Democracy, which is observed every year on September 15, with the purpose of promoting and upholding the principles of democracy, as the leader of the main opposition
@ChademaTz
party faces terrorism charges 🇹🇿
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DIPLOMAT-IN-CHIEF
President Samia Suluhu Hassan has visited 10 countries in eight months as Tanzania re-engages the world 🇹🇿
Countries visited so far:
Uganda 🇺🇬
Kenya 🇰🇪
Rwanda 🇷🇼
Burundi 🇧🇮
Zambia 🇿🇲
Mozambique 🇲🇿
Malawi 🇲🇼
US 🇺🇸
UK 🇬🇧
Egypt 🇪🇬
Next trip to China? 🇨🇳
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LESSONS WE DON'T LEARN
The pilot, Captain Buruhani Rubaga, and First Officer Peter Omondi Odhiambo initially survived the crash and were in contact with officials after the plane plunged nose-first into the lake
They both eventually died because of emergency-response failures
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Size of GDP: Tanzania, Kenya and Vietnam 🇹🇿 🇰🇪 🇻🇳
1990
Kenya: $8.57 billion
Vietnam: $6.47 billion
Tanzania: $4.25 billion
2000
Vietnam: $31.1 billion
Tanzania: $13.3 billion
Kenya: $12.7 billion
2020
Vietnam: $271.1 billion
Kenya: $98.8 billion
Tanzania: $62.4 billion
- WB
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Tanzania is where beer is worth more than its weight in gold 🍺
Tanzania Breweries Ltd, a unit of AB InBev, was the biggest taxpayer in 2020/21, beating gold mines, telecoms and banking giants
With Sh 961 billion total revenues in 2020, TBL paid to the government Sh 463 BILLION
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QUESTIONABLE LOAN CONDITION
In 2020, Magufuli's government got a commercial loan of $1.46 billion from StanChart Tanzania to build it's modern SGR railway. But there was a catch...
StanChart demanded that Tanzania should violate its own procurement law and award Lot 3 and Lot 4
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RELATIONSHIP INSIGHT
They met on Twitter, became friends, fell in love and got married...
A popular Tanzanian teacher
@JoyceMwalimu
has tied the knot with
@Jymesjohnes
, a man she met on Twitter
So, maybe it's wise to keep those DMs open?
#280CharacterVows
#WeMetOnTwitter
💙
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CONFLICT OF INTEREST?
@TanzaniaInsight
can reveal today that several Tanzanian MPs, including former Speaker Job Ndugai, own petrol stations
MPs Ahmed Shabiby and Hamisi Tabasamu, who have criticized bulk petroleum imports, both have personal or family links to petrol stations
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SAMIA'S 4R STRATEGY
In a packed meeting with members of the Tanzanian Diaspora in Washington D.C., Tanzania President Samia Suluhu Hassan announced her 4R strategy aimed at rebuilding the East African nation
🆁econciliation
🆁esilience
🆁eforms
🆁ebuilding of the nation
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Tanzania sold 3.5 million cubic metres of trees in Rufiji in 2018 to clear land for the JNHPP hydropower project hoping to generate 2,115MW. Environmentalists say at least 2.6 MILLION trees were chopped
Now, the skies have frowned and Tanzania is facing power cuts after drought
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MADE IN TANZANIA 🇹🇿
𝗕𝗮𝗸𝗵𝗿𝗲𝘀𝗮 𝗶𝘀 𝗯𝘂𝗶𝗹𝗱𝗶𝗻𝗴 𝗮 𝗻𝗲𝘄 𝘀𝗵𝗶𝗽 𝗶𝗻 𝗧𝗮𝗻𝘇𝗮𝗻𝗶𝗮
Tanzanian ship builder Songoro Marine Transport Limited has begun construction of a passenger and cargo ship ordered by Azam Marine Co. Ltd, part of the Bakhresa Group
The
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RECKLESS COMEDY?
After a display of Tanzania military hardware at independence day event, with President Paul Kagame in attendance, a comedian raised diplomatic eyebrows, given regional geopolitics, after suggesting Tanzania should test it's idle military hardware against Rwanda
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Tanzania gives aid to Turkey by donating $1 million to the earthquake-hit European country 🇹🇿 🇹🇷
The East African nation also recently donated $1 million, military chopper services, food and other emergency assistance to Malawi, which has been devasted by Cyclone Freddy
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Former president of the Tanganyika Law Society (TLS),
@fatma_karume
, calls for the establishment of an independent police complaints commission to investigate allegations of human rights abuses by members of the Tanzania Police Force
#MariaSpaces
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DOING BUSINESS IN TANZANIA
Tigo Tanzania MD Simon Karikari has asked Tanzania police to return his UK, Ghanaian passports confiscated in February so he can leave the country after opting not to renew his contract
👉🏽 Vodacom Tanzania MD Hisham Hendi is also leaving in November
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6 things Lissu asked from Samia in Brussels talks
1) Mbowe's freedom
2) Allow opposition rallies, demonstrations
3) New constitution
4) Payment of medical, MP benefits. Safety for Lissu, Lema, Wenje return
5) G-19 female MPs must be expelled
6) Samia should heal the nation
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Time to SERIOUSLY invest in renewable energy? ☀️
Hydropower-dependent Tanzania is facing power cuts due to drought. Shouldn't the new capital being built in Dodoma become a green city completely powered by solar and wind, which are abundantly available in the semi-arid region❓
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Top 10 most profitable banks in Tanzania in Q4 2021
(Net profit in Tanzanian shillings)
NMB 289 billion
CRDB 267.5 billion
NBC 40 billion
Stanchart 36.8 billion
Exim 27.1 billion
Stanbic 17.06 billion
DTB 15.4 billion
TCB 11.2 billion
Citibank 6.3 billion
Azania 4.7 billion
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A NEW GIRAFFE RISES
A 767-300 Freighter jet, Tanzania's first cargo plane, was spotted at the Boeing Everett factory in Washington, US, with registration number 5H-TCO
The freighter was among an order of 4 new Boeing planes made by Tanzania at the Dubai Airshow in 2021 at a
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BREAKING: Precision Air's ATR passenger aircraft crashes nose-first into Lake Victoria in Tanzania's Kagera region in the morning hours of November 6, 2022
Rescue efforts are underway.
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President
@SuluhuSamia
appoints CRDB's Managing Director, Abdulmajid Nsekela, Board Chairman of the Tanzania Cooperative Development Commission (TCDC), hoping he will bring much-needed private sector experience and innovation to the commission
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DONE DEAL
Uganda has issued a final tender to a company controlled by TotalEnergies to build a $3.5 billion oil pipeline to Tanzania
Total has a 62% stake, while the Uganda National Oil Company and Tanzania Petroleum Development Corporation have 15% each. China's CNOOC holds 8%
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𝗧𝗮𝗻𝘇𝗮𝗻𝗶𝗮𝗻 𝗰𝗼𝗻𝗳𝗶𝗿𝗺𝗲𝗱 𝗮𝘀 𝗖𝗘𝗢 𝗼𝗳 𝗕𝗮𝗻𝗸 𝗼𝗳 𝗞𝗶𝗴𝗮𝗹𝗶'𝘀 𝘁𝗲𝗰𝗵 𝘀𝘂𝗯𝘀𝗶𝗱𝗶𝗮𝗿𝘆
May 21, 2024
𝘽𝙮 𝙏𝘽𝙄 𝙍𝙚𝙥𝙤𝙧𝙩𝙚𝙧
Dar es Salaam
The Bank of Kigali, Rwanda's biggest bank by assets, has confirmed Deogratius Massawe as Chief Executive
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East Africa's top companies in 2021 by market capitalisation
1. Safaricom 🇰🇪 $13.3bn
2. TBL 🇹🇿 $1.4bn
3. Equity 🇰🇪 $1.3bn
4. KCB 🇰🇪 $1.2bn
5. EABL 🇰🇪 $1.1bn
6. Vodacom 🇹🇿 $744m
7. TCC 🇹🇿 $733m
8. Co-op Bank 🇰🇪 $708m
9. NMB 🇹🇿 $505m
10. Stanchart 🇰🇪 $490m
- African Business
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10 richest African countries in 2021 by GDP
1. Nigeria $514.05bn
2. Egypt $394.28bn
3. South Africa $329.53bn
4. Algeria $151.56bn
5. Morocco $124bn
6. Kenya $106.04bn
7. Ethiopia $93.97bn
8. Ghana $74.26bn
9. Ivory Coast $70.99bn
10. Angola $66.49bn
- Business Insider
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ECONOMIC DIPLOMACY
Tanzania President
@SuluhuSamia
visit to the United States has already generated nearly $1 BILLION in new U.S. investments to Tanzania, according to America's Vice President
@KamalaHarris
Samia is on a 2-week trip to the U.S. to promote tourism, investments
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HAPPENING NOW: Joint press briefing between U.S. Vice President
@KamalaHarris
and Tanzania President
@SuluhuSamia
at the White House in Washington DC
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UNSUNG HEROINES?
A fisherman is a national hero in Tanzania after the Precision Air crash, but survivors and physics (near impossible to open an aircraft door from outside) suggest that 2 air hostesses are the real heroines who opened the door from inside and rescued passengers
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Dr Salim Ahmed Salim, one of Africa's finest diplomats and statesmen, turns 80 today
A former journalist, ambassador, foreign and defence minister, prime minister and OAU secretary general
👉He came within a hair's breadth of becoming Tanzania President and UN Secretary General
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Former BoT Governor Benno Ndulu warned in 2019 that mobile money taxes are "regressive"
➊ They do not discriminate across ability to pay
➋ Pose negative impact on usage and the tax base
➌ Create negative effect on economic growth and job creation across the economy
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Tanzania O-level results 2021: An all-girl school performs wonders
NAME OF SCHOOL
St. Francis Girls Secondary School
LOCATION
Mbeya
OWNERSHIP
Catholic Church
TOTAL # OF STUDENTS
92
DIVISION I
92
Div. 1.7(79)
Div. 1.8(4)
Div. 1.9(6)
Div. 1.10(1)
Div. 1.13(1)
Div. 1.14(1)
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Tanzania pay TV network AzamTV takes on Chinese giant StarTimes and South Africa's DStv in battle for Africa's market share
Countries where AzamTV currently has a presence:
Tanzania 🇹🇿
Kenya 🇰🇪
Malawi 🇲🇼
Uganda 🇺🇬
Zimbabwe 🇿🇼
👉 Azam has over 800,000 customers in home base 🇹🇿
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"As impressed as I am with your country and the film, I'm more impressed by you Mama Samia. I must say the combination you have of strength, warmth, relevance and humour is unmatched. What you are doing in representing your country is a true tribute and I salute you," Lloyd Ward
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ECONOMIC DIPLOMACY
Tanzania president
@SuluhuSamia
flies to Dubai
The president left Dar es Salaam this afternoon for the United Arab Emirates (UAE), where among other things, she is expected to attend the Tanzania national day and business forum at Expo 2020 Dubai
#DubaiExpo
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The search has begun for a new Bank of Tanzania (BoT) governor as incumbent Prof Florens Luoga is nearing the end of his first term
Although Prof Luoga, Tanzania's first non-economist governor, could get a second five-year term, President
@SuluhuSamia
may pick a new BoT Governor
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A replica of State House in Tanzania capital Dodoma is 91% done. Completion is due in May 2022
🇹🇿 rejected offers from foreign government(s) to build it and ordered the army to do it
The original State House in Dar es Salaam was built in 1922 after 🇬🇧 took Tanganyika from 🇩🇪
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𝗠𝗪𝗔𝗡𝗭𝗔 𝗔𝗜𝗥𝗣𝗢𝗥𝗧
𝗥𝗼𝘀𝘁𝗮𝗺 𝗔𝘇𝗶𝘇𝗶'𝘀 𝗰𝗼𝗻𝘀𝘁𝗿𝘂𝗰𝘁𝗶𝗼𝗻 𝗳𝗶𝗿𝗺 𝘄𝗶𝗻𝘀 𝗰𝗼𝗻𝘁𝗿𝗮𝗰𝘁 𝘁𝗼 𝗯𝘂𝗶𝗹𝗱 𝗻𝗲𝘄 𝗽𝗮𝘀𝘀𝗲𝗻𝗴𝗲𝗿 𝘁𝗲𝗿𝗺𝗶𝗻𝗮𝗹 𝗯𝘂𝗶𝗹𝗱𝗶𝗻𝗴
◾Taifa Mining & Civils Ltd has been awarded a TZS 29 billion construction deal
◾The
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ROSTAM NOW BUYS AN AIRLINE
Tanzanian tycoon Rostam Aziz has bought the controlling stake of Coastal Aviation, a leading safari tourism airline
Coastal has a fleet of 15 aircraft (10 Cessna Grand Caravan C208B and 5 Pilatus PC-12/45), with over 300 employees
Via:
@TheCitizenTz
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