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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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TBL Conducts a 3 Years Professional training for vendors‏

TBL Conducts a 3 Years Professional training for vendors‏

TANZANIA Breweries Limited (TBL) has embarked on training of small scale entrepreneurs engaged in the sale of its products to improve their businesses.

The TBL Public Relations Manager, Ms Doris Malulu, said in Dar es Salaam yesterday that the three-year programme was aimed at creating awareness, imparting knowledge and skills on how to improve the small scale entrepreneurs businesses.

The training has been organised by TBL in collaboration with Tanzania Association of Business Development Services Providers Company Limited (TAPBDS).

Ms Malulu said, that the training programme involving the TBL small scale entrepreneurs, will see 1,226 entrepreneurs in Mbeya and Dar es Salaam receive the training in the first phase of the programme.

“The company has initiated the plan to enable the business people basically on the scale enterprises to improve their businesses by being financially stable,” she said adding the training is also aimed at paying back to the communities.

According to Ms Malulu, the training is facilitated by the TBL mainly to recognise the entrepreneurs contribution to the development of the company.

“After the training, we will keep on mentoring the beneficiaries of the training (small scale entrepreneurs) to ensure changes towards improving the businesses,” she noted.

On the other hand, the Executive Director of TAPBDS Mr Joseph Migunda the trainings were specifically and professionally organised focusing on imparting knowledge and skills to small scale entrepreneurs engaged in the sale of TBL products.

“It our hope that the training be of importance to the participants towards improving their businesses,” he said.

Meanwhile, TBL called in the TBL small scale enteprenuers to ensure they take part in the training aimed at improving the quality of their businesses.

The programme is a three-year programme scheduled to end in March next year.

 
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Posted by on September 23, 2015 in Tanzania News

 

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