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Category Archives: Tanzania News

Vietnam’s military-run mobile firm launches in Tanzania‏ Through Halotel

Vietnam’s military-run mobile firm launches in Tanzania, invests $736 mln

halotel-725x437

Vietnam’s state-run telecoms operator Viettel launched mobile and internet services in Tanzania on Thursday after investing $736 million (Sh75.80 billion) in East Africa’s second-biggest economy.

Tanzania’s mobile telecoms sector has grown rapidly over the past decade, driven by demand for third-generation (3G) mobile services.

The number of mobile phone subscribers in Tanzania rose by 16 percent in 2014 to 31.86 million, according to the country’s telecoms regulator.

A statement issued by Viettel, which is run by Vietnam’s Ministry of Defence, said the company will trade as Halotel in Tanzania and would offer both 2G and 3G services.

“With an initial investment of $736 million … Viettel’s operations have enabled services to all 26 regions in the country across rural and urban areas,” it said.

“Viettel’s new investment in Africa follows the rollout of services in Burundi and Cameroon … earlier this year and in Mozambique … in 2014.” Viettel said it had built 18,000 km of optical cable and more than 3,000 base transceivers, giving it coverage for up to 81 percent of Tanzania’s population of over 47 million.

The company will compete with four other main operators in Tanzania: Vodacom Tanzania, owned by South Africa’s Vodacom , Bharti Airtel, Tigo Tanzania, which is part of Sweden’s Millicom and Etisalat – owned Zantel.

Three other mobile operators – state-run TTCL, Benson and Smart – have a small market share. The Tanzanian president’s office said last year Viettel plans to invest $1 billion (Sh103 billion) in a new 3G mobile phone network in the country.

Like other African countries, mobile phone use has rocketed in Tanzania over the past decade, with telecoms the fastest-expanding sector in the country.

Viettel operates in markets in Asia, Latin America and Africa, and has around 75 million subscribers worldwide, according to its website. Its revenues in 2014 were $9.8 billion (Sh1 trillion) and it is aiming for a 20 percent increase in 2015.

SOURCE: Reuters

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Posted by on October 19, 2015 in Business News, Tanzania News

 

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7 companies sidelined from public procurement‏

Ambassador Matern Lumbanga - PPRA Board Chairman

Ambassador Matern Lumbanga – PPRA Board Chairman

THE Public Procurement Regulatory Authority (PPRA) has debarred seven firms, one of
them for a period of ten years, from participating in public Procurement.

This was announced in Dar es Salaam yesterday by PPRA Board Chairman, Ambassador Matern Lumbanga, who revealed that Morogoro-based Gagaja Contractors Company Limited will be sidelined until October 1, 2025.

“The firm submitted to the Ministry of Agriculture, Food Security and Cooperatives
forged bid securities in respect of tender for the proposed construction of warehouse in
Mombo-Korogwe, Mkula-Kilombero, Mkindo-Mvomero, Uturo-Mbarali, Lekitatu -Arumeru
and Bagamoyo IDPBagamoyo irrigation scheme,” he stated.

He said six other firms will each serve a two-year suspension for failure to meet their
contractual obligations.

According to him, the debarment move is in line with the Public Procurement Act,
2011 and Regulation 98 of the Public Procurement Regulation, 2013.

Ambassador Lumbanga said the legislations give PPRA the mandate, where there are
justifiable grounds to debar a firm or an individual from participating in public Procurement
proceedings and notify all procuring entities on such action.

“The notice intends to inform the public that debarment of seven firms is effected by the
Authority and that procuring entities shall not procure, contract with, or engage the said
firms in public Procurement proceedings during the period,” he noted.

The six firms are Intersystem Holdings Company Limited, based in Dodoma, PEMA
TECH Company Limited (Dar es Salaam), Nyakire Investment Limited (Dar es Salaam),
Kosemwa Prospects Company Limited (Dar es Salaam), Perntels Company Limited (Dar)
and Car and General Trading Limited (Dar).

Meanwhile, overall compliance level of audited Procuring Entities (PEs) in the country
has increased from 65 per cent last year to 69 per cent this year, which is, however, below
the 75 per cent target set for the Financial Year 2014/15.

 
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Posted by on October 7, 2015 in Tanzania News

 

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Kampuni 7 zafungiwa zabuni‏ za Umma

MAMLAKA ya Udhibiti wa Manunuzi ya Umma (PPRA), imezifungia kushiriki zabuni za
umma, kampuni saba pamoja na wakurugenzi wake kutokana na sababu mbalimbali zikiwemo kukiuka mikataba waliyoingia na taasisi nunuzi na vitendo vya udanganyifu.

Mwenyekiti wa Bodi ya PPRA, Balozi Matern Lumbanga alisema jana kuwa katika kampuni hizo, sita zimefungiwa kwa kipindi cha miaka miwili kuanzia Oktoba 2, 2015 hadi Oktoba mosi 2017 kwa kukiuka masharti ya mikataba.

Aidha alisema kampuni moja imefungiwa kwa kipindi cha miaka kumi kuanzia Oktoba 2, 2015 hadi
Oktoba mosi 2025 kwa kuwasilisha dhamana za zabuni za kughushi wakati wa michakato ya zabuni.

Alizitaja kampuni zilizofungiwa kuwa ni M/s Intersystem Holdings Company Ltd ya Dodoma, M/s
PEMA TECH Company Limited ya Dar es Salaam, M/s Nyakire Investment Limited ya Dar es Salaam, M/s Kosemwa Prospects Company Limited ya Dar es Salam, M/s Perntels Company Limited ya Dar es Salaam na M/s Car and General Trading Limited pia ya Dar es Salaam.

Pia aliitaja kampuni ambayo imefungiwa kwa miaka 10 kuwa ni M/s Gagaja Contractors Company
Limited ya Morogoro .

Aidha Balozi Lumbanga alisema PPRA ipo mbioni kuanza kutumia mfumo mpya wa manunuzi kwa
njia ya kielektroniki (e-procurement system) ambao utasaidia kukomesha watu ambao wamekuwa wakibadilisha majina ya kampuni.

 
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Posted by on October 7, 2015 in Tanzania News

 

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TAASISI YA WANAWAKE WAHASIBU TANZANIA KUZINDULIWA HOTELI YA HYATT REGENCY KILIMANJARO DAR ES SALAAM KESHO

 Makamu Mwenyekiti wa Taasisi ya Wanawake Wahasibu Tanzania (TAWCA), Neema Kiure- Mssusa (wa pili kulia), akiwaonesha waandishi wa habari cheti cha usajili wa taasisi hiyo Dar es Salaam leo asubuhi, wakati wa mkutano uliohusu uzinduzi wa taasisi hiyo utakaofanyika leo Hoteli ya Hyatt Regence (Kilimanjaro Hoteli). Kutoka kulia ni Mratibu wa Taasisi hiyo, Rose Majuva, Mwenyekiti, Bahati Geuzye na mmoja wa waanzilishi wa taasisi hiyo, Anna Shanalingingigwa.
 Wanahabari wakichukua taarifa hiyo.
 Wanahabari wakichukua taarifa hiyo.
Mratibu wa Taasisi hiyo, Rose Majuva (kulia), akizungumza katika mkutano huo. Katikati ni  Mwenyekiti wa taasisi hiyo, Bahati Geuzye na Mmoja wa waanzilishi wa taasisi hiyo, Anna Shanalingingigwa.
 
 
 
CHAMA cha Wanawake Wahasibu Tanzanaia (TAWCA), kitazinduliwa rasmi leo katika Hoteli ya Hyatt Regency (Kilimanjaro jijini Dar es Salaam baada ya kupata usajili.
 
Hata hivyochama hicho  kimetoa changamoto kwa wanafunzi wa kike kujifunza masomo ya hesabu ,ikiwa ni katika kujiandaa kuwa wahasibu wa badae.
 
Akizungumza Jijini Dar es Salaam leo Mwenyekiti wa chama hicho, Bahati Geuzye alisema wamefikia hatua hiyo baada ya kuona wahasibu wa kiume ni wengi kuliko wa kike.
 
Alisema idadi ya wanawake wanaosoma masomo ya hesabu hawazidi 100 kitu ambacho kimewapelekea wao kuanzisha chama kwa ajili ya kuinua watoto wa kike.
 
“Ukienda kwenye ofisi nyingi zilizopo nchini wahasibu wanaume ni wengi kuliko wanawake ,ifikie wakati tukiongelea haki sawa basi na sisi tuonyeshe kweli hari ya kutaka kuwa kwenye haki sawa,”alisema Geuzye.
 
Geuzye alisema wazo la kuanza kwa chama hicho ulianzishwa na bodi ya wahasibu wanawake ikiwa ni katika kumuimarisha mwanamke  na kumfanya ajishughulishe na masuala ya kihasibu zaidi.
 
Mratibu  wa chama hicho Rose Majuva, alisema  kuwa wamekuja kutoa nafasi kwa wanawake kupewa nafasi za ngazi ya juu ambazo kwa sasa hawazipati.
 
Majuva alisema watakuwa wakitoa mafunzo mepesi ikiwa ni njia ya kuwafanya wanawake kuelewa na kufanya mambo mazuri .
 
Alifafanua kuwa wanatarajia kujenga mazinjgira   rafiki kwa ajili ya kusaidia wananwake wahasibu na wakaguzi wa hesabu kufikia malengo yao kitaaluma, kibinafsi na kiuchumi.
 
“Wanachama watakuwa ni wanawake wenye vyeti vya uhasibu vinavyotolewa na    Bodi  kwa ngazi zote,”alisema Majuva.
             Picha Na Dotto Mwaibale
 
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Posted by on October 5, 2015 in Tanzania News

 

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CRDB employs 600 new staff‏

CRDB BANK Managing Director, Dr Charles Kimei

CRDB BANK Managing Director, Dr Charles Kimei

THE CRDB Bank PLC employed over 600 new employees during the last financial year as it seeks to expand and improve its services, the bank’s Managing Director, Dr Charles Kimei, has revealed.

Dr Kimei made the revelation over the weekend at CRDB Azikiwe Premier Branch during
the launch of ‘customer care week’, boasting that the bank was being led by Tanzanians.

The customer care week, according to the banker, is marked to enable employees of
the bank to weigh performance of the bank by meeting with customers.

“Last year our slogan during the customer week was ‘Thank you’ and this year is ‘Thank you
very much’ indicating that we have been able to please many of our customers,” Dr Kimei noted.
One of CRDB’s customers, Ms Rose Rimoi, applauded the bank for improving services and
treating customers with care.

“I have been accessing services at the Azikiwe Premier Branch for the last four years
and I can attest that services have been improving since then,” Ms Rimoi remarked.

The Azikiwe Branch Manager, Fabiola Mussula, said the bank will continue improving services by meeting with customers to understand their needs.

During the week, employees of the bank will engage in corporate social responsibilities

 
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Posted by on October 5, 2015 in Business News, Tanzania News

 

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NMB gets $35 Syndicated Loan for SMEs and Corporates

NMB CEO, Ms. Ineke Bussemaker

NMB CEO, Ms. Ineke Bussemaker

THE National Microfinance Bank has closed a six-year 35 million US dollar (about 73.5bn/-) syndicated loan facility with Netherlands Development Finance Company (FMO) to boost its lending to small and medium enterprises (SMEs) and corporate borrowers.

According to a statement issued yesterday, the loan was arranged by FMO, in syndication with Proparco, a subsidiary of the Agence Francaise de Developement (AFD) which will provide 15 million US dollars and Swedfund 5 million US dollars.

“By supporting NMB Tanzania, we will contribute to providing credit to SMEs and Corporates in Tanzania, supporting economic development,” FMO’s Chief Investment Officer, Linda Broekhuizen is quoted as saying.

“NMB is a leading financial institution in Tanzania, which performs well and has a presence in most of its regions. The lenders are therefore very pleased to be part of this transaction.”

NMB Chief Executive Officer, Ms. Ineke Bussemaker said they were pleased with the deal as it would boost their growth in SMEs and corporate business with a special focus in agribusiness.

“We are pleased with the positive response of the international lenders to this transaction. This is the second time we have entered into a transaction with FMO, this time supported by Proparco and Swedfund. Again the loan will be used to accelerate our growth in SME and Corporate business, this time special focus on Agribusiness,” she is quoted as saying in the statement.

“This partnership reflects the international financial institutions’ confidence in NMB’s solid fundamentals — strong capital levels, well diversified loan portfolio and quality assets, and strong balance sheet with sustainable growth.”

The Dar es Salaam Stock Exchange (DSE) listed bank, is one of the largest commercial banks in Tanzania, providing banking services to individuals, small to medium sized corporate clients, government services, large businesses and agriculture lending.

 
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Posted by on September 29, 2015 in Business News, Tanzania News

 

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TBL dominates trade at DSE‏

DSE BANNERTHE Dar es Salaam Stock Exchange (DSE) has recorded 98 per cent decline in turnover after posting 2.10bn/- compared to 106.87bn/- of the previous session.

Despite low turnover last week, the Tanzania Breweries Limited (TBL) continued to dominate the trading activities after contributing more than 60 percent of the turnover.

Similarly, the total volume of shares registered 99 per cent decrease to 1.42 million from 8.01 million that changed hands in the preceding market.

According to Zan Securities Limited Weekly Wrap-Ups, the market is likely to remain volatile due to low participation from both local and foreign investors.

The price movements within local listed companies were recorded in seven counters including the Tanzania Oxygen Ltd (TOL) and Tanzania Cigarette Company that led the list of top gainers by increasing by 10/- per share or 1.33 percent and 20/- per share or 0.12 percent respectively.

Top losers during the period under review were CRDB Bank Plc by 10/- per share or 2.63 percent, Tanzania Portland Cement Company Ltd (TPCC) and Swissport Company Ltd by 40 per share or 1.16 per cent and 80/- per share or 1.05 per cent respectively.

Three out of seven cross listed companies recorded a positive price movement at the end of the week; these were; USL, KA and JHL. NMG, ACA, EABL and KCB recorded a negative price movement during the week under review.

The market capitalization decreased by 1.50 percent to close at 22.16tri/- while Domestic Market capitalization decreased by 0.41 percent to close at 9.73tri/-.

Consequently, on a weekly comparison, key benchmark indices were in red territory with the Tanzania share index (TSI) capping at 4,593.15 points to close low by 0.34 percent compared with 4,608.83 points posted a week earlier. All Share Index (DSEI) closed at 2,530.38 points down by 1.52 percent.

The Industrial and Allied Index sustained downward trend by 0.05 percent to close at 6,222.17 points.

Bank, Finance and Investment Index recorded a negative trend by 1.15 percent to close at 2,945.96 points whereas commercial services index capped at 4,024.41 points low by 0.83 percent during the week under review.

 
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Posted by on September 29, 2015 in Tanzania News

 

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