Tag Archives: Investment

Tanzania Inflation Reaches6.8% In December 2015 Due To Higher Growth And Demand

According to The National Bureau of Statistics of Tanzania (NBS) the Annual Headline Inflation Rate for the month of December 2015 rose to 6.8% from 6.6% in November, 2015.
The National Consumer Price Index (NCPI) which measures the change over time in the cost of a fixed basket of 224 goods and services purchased by a representative sample of households in Tanzania on monthly basis, increased from 150.92 in Dec, 2014 to 161.24 in Dec, 2015. According to the NBS, it follows higher rates of demand from households and international markets which drove the Tanzanian GDP to grow 6.3% in the Q3-2015 thanks to higher activity in construction, transport and mining sectors. Food and Non Alcoholic Beverages Inflation Rate for the Month of Dec 2015 has decreased to 11.1% from 11.2% recorded in Nov, 2015, however, food annual inflation has stabilized at 10.9% in the same period. The 12 months index change for non-food products for the month of Dec, 2015 has increased to 1.8% from 1.2% recorded in Dec, 2015. The Annual Inflation Rate which excludes food and energy for the month of Dec, 2015 has increased to 2.4% from 2.3% recorded in Nov, 2015.

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Posted by on January 20, 2016 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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Swala Oil And Gas Tanzania Initial Public Offering enters the Market Today

Swala Oil And Gas Tanzania Plc, subsidiary of Australian Swala Energy Limited, was authorized by Tanzanian Capital Markets and Securities Authority (CMSA) to list at Dar Es Salaam Stock Exchange (DSE) Enterprise Growth Market (EGM).


Swala Tanzania is offering to the public up to 9.6 million shares at TZS 500 per share and hope to raise up to TZS 4.8 billion.

The Initial Pubblic offering (IPO) was set to start Today, Monday 9th June 2014 and close on Friday 4th July 2014.

Swala Tanzania is an oil and gas exploration company with interests in two licenses in Tanzania Swala Oil And Gas Tanzania is a public company incorporated in July 2011.

 Swala Oil And Gas Tanzania is a public company incorporated in July 2011.

Swala Energy owns 65.13% of the company while the rest of the shares are held by Ercon Holdings and other investors.

Swala Energy owns 65.13% of the company while the rest of the shares are held by Ercon Holdings and other investors of Kilosa-Kilombero and Pangani.

In addition to Tanzania, Swala Energy currently holds a number of exploration licenses of assets and subsidiary companies in Sub-Saharan Africa, including Kenya and Zambia.

 “ Tanzania has seen considerable increase in demand for access by international oil exploration companies in recent times. The directors [of Swala] believe that following completion of the offer, Swala will be well positioned to take advantage of this heightened interest”.  said  Ernest Massawe, a Non-Executive Chairman of Swala Oil and as Tanzania.

You can Download the prospectus and other information by clicking the below Link


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Posted by on June 9, 2014 in Uncategorized


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Google eyes emerging markets networks: report

Google to Fund, Develop Wireless Networks in Emerging Markets


Google has become deeply involved in a series of projects to build and operate wireless networks in emerging markets including sub-Saharan Africa and Southeast Asia, a report said on Friday.
The Wall Street Journal, citing unnamed sources, reported the effort is part of a plan that could connect a billion or more new people to the Internet.

Google did not immediately respond to an AFP request to comment on the report.

According to the report, Google is “deep in the throes” of the effort to build wireless networks for people outside major cities where wired Internet connections are scarce.

It said Google plans to team up with local companies in some of the countries to develop the networks, and formulate business models to support them.

In some cases, Google plans to provide its own recently developed wireless technologies to help such networks.

Google has launched an ultrafast fibre network in the Kansas City area and is working in other areas of the United States on creating powerful Wi-Fi networks.

The Journal said that in the emerging markets, Google is seeking to create an ecosystem using new microprocessors and low-cost smartphones powered by its Android mobile operating system.


The system could also use balloons or blimps to transmit signals for the networks.

The daily said Google has begun discussions with regulators in countries including South Africa and Kenya on changing rules to allow the use of airwaves reserved for TV broadcasts.

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Posted by on May 25, 2013 in Articles, International News


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Gold outlook worst in commodity survey

Gold outlook worst in commodity survey



Gold has the worst 12-month outlook among commodities and will trade below $1,400 an ounce in a year, according to an investor poll by Credit Suisse Group AG.

Sixty percent of respondents named bullion as having the worst outlook, 18 percent picked copper and 16 percent selected corn, the bank said in an e-mailed report today. Fifty-one percent predicted gold will fall under $1,400 in 12 months, it said. The bank polled 185 investors including hedge funds, pension funds and family offices on May 15 in London.


Gold has the worst 12-month outlook among commodities and will trade below $1,400 an ounce in a year, according to an investor poll by Credit Suisse Group AG.

Sixty percent of respondents named bullion as having the worst outlook, 18 percent picked copper and 16 percent selected corn, the bank said in an e-mailed report today. Fifty-one percent predicted gold will fall under $1,400 in 12 months, it said. The bank polled 185 investors including hedge funds, pension funds and family offices on May 15 in London.

“Bearishness for gold was a very clear consensus,” said Kamal Naqvi, the head of commodities sales for Europe, Middle East and Africa at Credit Suisse. “It’s not about just not buying gold, it’s about shorting it,” or wagering on a drop.

Gold slumped into a bear market last month as investors lost faith in the metal as a store of value. Bullion is down 17 percent this year, compared with the 2.9 percent drop for the Standard & Poor’s GSCI gauge of raw materials.

Fifty-three percent of investors expect commodity prices to stay near current levels, Credit Suisse said. Most were underweight raw materials or had zero exposure, while they expected to be overweight or neutral in 12 months, the bank said. Investors named relative value trades, fundamentally based directional trades and volatility as the best ways to extract value from commodities.





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Five Ways the Rich Stay Frugal

Source : Financial Post

A fat salary isn’t the only way someone can strike it rich. Regardless of one’s income level, people who live below their means, invest wisely, and live modestly are on the path to real wealth.

Here are five frugal habits that many of the upper class have adopted to build long-lasting wealth and financial independence:

Drive a modest car.


Your car should only serve the purpose of getting you safely and comfortably from point A to point B — nothing more. When you pull up to a stoplight in an expensive car, you might impress a stranger. However, don’t let the price tag of your car define your character or image, because at the end of the day most people could care less what type of car you drive. Let Facebook founder Mark Zuckerberg, who drives a modest $30,000 Acura TSX entry-level sedan, be your role model on this one.

Buy a modest house.

Warren Buffett famously still lives in the Omaha, Neb., home he bought back in 1958 for US$31,500. Take Buffett’s cue and don’t overwhelm yourself with a large monthly mortgage payment. Buy a modest and comfortable home and use the money you save to build your savings and retirement fund.


Don’t carry wads if possible

Try to avoid traveling with a wallet packed with cash. According to, 86% of people who spend cash on luxuries like expensive cars, jewelry, and electronics are non-millionaires trying to act the part by purchasing luxury brands. Instead, follow the example of oil mogul T. Boone Pickens, who famously shops with a grocery list and only carries the amount of cash he needs to make purchases.

Don’t pay full price.

A great way to keep more of your money is by not paying full price on anything. Hilary Swank, who has an estimated net worth of US$40-million, is commonly seen using coupons at the grocery store. Michelle Obama often opts to shop at Target or H&M rather than high-end department stores. A great way to build wealth is to have a frugal mindset and use the money you save on consumer goods to build your investments and savings accounts.


Have an action mentality.

Almost all self-made millionaires have one thing in common: They are people of action. They don’t sit around feeling sorry for themselves waiting for something good to happen to them, as opposed to the people who I would say have the “lottery mentality.” People of action take appropriate risks, are constantly looking to improve themselves, and are addicted to knowledge, as it is the best way to gain a competitive advantage in life’s financial endeavors.

Truly rich people are those who take their income and turn it into wealth by investing wisely, saving, and living frugally. People who take their income and try to use it to support an unsustainable lifestyle are those who end up in debt and are unable to retire on their terms. When it comes to money and finances, it all boils down to choices and personal responsibility. Which road are you going to take?

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Posted by on March 17, 2013 in Articles


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By Savita Iyer-Ahrestani on Financial Planning

I just read this article on FP site and found it very true and informative.

To all Financial institutions and advisors , women and Finances should be your target for 2013. The study was done on US market but can equally relate to our markets.

Financial advisors who think of women as a minority market segment probably need to think again.

Studies indicate that women are becoming a majority rather than a minority and represent one of the fastest growing client segments in the U.S.—a segment that both large financial firms and independent financial advisors cannot afford to ignore going forward.

Consider that 53% of women who participated in a recent Prudential Financial survey entitled “Financial Experience & Behaviors Among Women” are now the primary breadwinners for their families.

“Whether it’s because of their partners losing their jobs, because of divorce or because they’re deciding to marry later, women are increasingly becoming the major breadwinners in their households,” says Caroline Feeney, president of agency distribution at Prudential Financial. “We expect that this trend will continue as women are also graduating from school at a higher rate than men, successfully getting into the workforce and then succeeding at their jobs and rising in the ranks.”

All these social shifts have resulted in a sharp increase in women’s earning power and wealth creation power, says Teresa Dentino, founder and CEO of The Financial 411, a financial educationfirm in Woodside, Calif. Women today make up just under half of the nation’s millionaires, she says, and some have forecasted that they will hold two-thirds of the nation’s wealth by 2030.

Although many firms have recognized the great business potential that women represent and have begun to make serious efforts to better understand women and cater to them in a more productive and profitable way, Dentino believes that most still have a long way to go before they get a proper handle on how to really connect with women.

“While many firms are definitely taking note of the importance of women today, they still don’t quite know how to approach women in a meaningful way and to really understand women’s requirements,” she says.

Dentino believes that women need education more than anything else. As much as they may hold the wealth, most women have not had the direct experience needed to understand finance and financial planning, she says, so the onus is on financial professionals to give them the knowledge and understanding they need so that “women can connect the dots.”

“By educating women, you include them and this helps mitigate the lack of trust and fear they hold,” she says. “Education equals engagement plus empowerment.”

However, there’s a way to educate. More than anything, women don’t want to be talked down to, Dentino says, and the majority of financial advisors still feel like they have to “dumb things down” in order for women to understand them. Finding the right balance between bombarding women with technical jargon, graphs and numbers, on one hand, and “talking with them about their grandchildren or their kid’s school bake sale,” on the other, is the biggest challenge for advisors who want to reach out to women, Dentino says.

According to the Prudential survey, one in three women do not have a financial advisor but they are eager to work with an advisor to gain the tools and knowledge that they need.

“Advisors therefore need move from a transactional-based model to more of a relationship-based model, with a greater focus on education,” Feeney says. “The only way that women can become more confident about themselves and their financial planning abilities is when they get the knowledge they need and when they feel they can trust their advisor.”

According to Feeney, trust is at the core of what a woman wants from a financial advisor and is paramount in the female-advisor relationship.

“Our study showed that women are more apt to stick with an advisor once they have that trust in place, and they are more likely to place multiple products and service with one advisor,” Feeney says. “So while it may be additional work upfront in terms of education – both educating advisors on the importance of recognizing women as a potential market opportunity and then teaching them how to approach women correctly – I do believe that at the end of the day, it will be more than worth it for advisors to help female clients.”

That’s what Dentino believes, too, and she’s working with numerous financial firms to help them develop programs and train their sales staff on the many levels of adjustments they can make to better engage and serve their female clients.


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