Bank M posts 75% increase in Profits

Bank M (Tanzania) Limited has reported a huge pre-tax profit increase of 75 per cent for the six month period ended June, 2011, growing to TZS 2.83 Bln., as compared to TZS 1.61 Bln. for the corresponding period ended June 2010. The bank mainly attributed the increase in profitability to the growth in loan assets from TZS 98.87 Bln….

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The CcM member of parlament (special seats), Pindi Chane,witnesses the cutting of the tape to launch a water reserve tank in Lugarawa, Iringa recently. On her left is TBL’s public relation’s officer, Doris Malulu.

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Zantel improves youth lifestyle at affordable costs

Zantel improves youth lifestyle at affordable costs Youth are likely to enjoy a certain higher standard of lifestyle at an affordable rates following one of the telecom operators move of forming a youth club. Zanzibar telecommunication – Zantel – is these weeks launching a youth preposition that will enable the youth celebrate a certain life like going to clubs,…

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EWURA cuts prices of petroleum products

CONSUMERS in the country will continue to feel pain in their day to day activities as prices of petroleum products, especially kerosene, have been slightly reduced. Dar es Salaam Regiom seems to be enjoying the EWURA decision as the price of kerosene has plummeted from Tsh2,086 to Tsh1,940 per litre while that of petrol has now been set Tsh2,206…

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Reasons for depreciation of the Tanzania shilling stated

Reasons for depreciation of the Tanzania shilling stated Written by Yakobe Chiwambo Friday, 08 July 2011 05:28 ECONOMISTS say there are many reasons why the Tanzania shilling has been depreciating relentlessly over the past four years as indicated in recent Delloitte&Touche report on the East African economies.According to economists who spoke to Business Times at the 35th Dar es…

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Tanzania: experts question reliance on foreign investors for economic growth

Tanzania: experts question reliance on foreign investors for economic growth Written by YAKOBE CHIWAMBO Friday, 15 July 2011 05:16 TANZANIA’S economy is projected to see strong real growth in the next two years, growing at 6.5 per cent in 2011 – and 6.6 per cent in 2012. Apparently, the growth is driven by foreign investments. However, local economists have…

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sexual child abuse still a major challenge

sexual child abuse still a major challenge AS it has several times been reported in the media especially at local level, it is evident that child sexual abuse is among the challenges that face children in Tanzania. Bearing in mind that last month, it was World’s Child Day, Business Times reporter YAKOBE CHIWAMBO, held an interview with Director for…

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More needs to be done to fight children sexual abuse

More needs to be done to fight children sexual abuse YAKOBE CHIWAMBO Unlike other types of abuses like physical or psychological torment, child sexual abuse in most cases happens secretly. This makes it difficult for culprits to be made answerable. In the first place, it is difficult to find data about children sexual abuse. Children exposed to being abused…

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CRDB: we planned our future this way

By correspondent Ernest C. Ambali. Believe this and you will rise to success!! Forsake it, you will fall into the gaping abyss!!. That is: you must have a strong, positive vision of success – and you will succeed. You will not need Albino’s body parts or a chain talisman. In other words, there is nothing like luck. You create…

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