Dar, Lilongwe set up customs centre
13 March 2014, 12:00 pm
Lilongwe: Tanzania and Malawi have signed an agreement for the establishment of a single customs and immigration centre at the Songwe-Kasumulu border, aimed at boosting trade and cementing bilateral relations between the two countries. Speaking during the signing ceremony, Tanzania's Minister of Finance, Ms Saada Mkuya Salum, said African countries ought to trade between themselves to bring about development growth, rather than depending on unreliable aid from development partners.
Tanzania: UK firm to help promote NIT into regional transport centre
12 March 2014, 12:00 pm
Dar es Salaam: UK-based organisation, Transaid has said that it will continue to assists the National Institute of Transport (NIT) to develop new curricula for the training of both Passenger Service Vehicle (PSV) and Heavy Goods Vehicle (HGV) drivers to ensure that the trainees attain high standards of competence. Speaking when handing over a 40-foot tanker and fork lift vehicles to NIT, Transaid Project Manger (Road Safety) Neil Rettie said the PSV and HGV driving curricula have been recommended for adoption by the East Africa Community as the regional standards. ‚ÄúOnce this occurs we will have a regional standard which will ensure that a driver from Burundi or Kenya, Rwanda or Uganda is as competent as one from NIT here in Tanzania,‚ÄĚ he said.
Tripartite ‚Äėgrowth pole‚Äô diagnostic reports: potentials and prospects for minerals-based industrialisation
12 March 2014, 12:00 pm
Pretoria: Since its establishment in 2009, Trade Mark Southern Africa (TMSA) has supported the Tripartite of the Common Market of Eastern and Southern Africa, the Southern African Development Community and the East African Community, in developing and implementing its regional integration agenda. This involves supporting the design and planned implementation of the Tripartite Free Trade Area, improving the economic competitiveness of the region and reducing costs of cross-border transactions through a transport corridor approach addressing both trade facilitation issues and infrastructure constraints. Focused industrial development is essential in the COMESA-EAC-SADC Tripartite region to fundamentally change the economy and to promote high yield sectors. Such development brings not only an improvement in the GDP and job provision, but promotes knowledge accumulation and technological sophistication that have far reaching benefits for the economy. This research was conducted under the topic ‚ÄúTripartite ‚ÄėGrowth Pole‚Äô Diagnostic Reports: Analysis of Potentials and Prospects for Minerals-Based Industrialisation.‚ÄĚ
Tanzania: Farmers' subsidy voucher system registers success
11 March 2014, 12:00 pm
Dar es Salaam: The subsidy voucher programme has been a success in almost all districts, with a few facing the challenge of unscrupulous agents and government officials, the government has said. Briefing journalists in Dar es Salaam yesterday, Permanent Secretary in the Ministry of Agriculture, Food Security and Cooperatives, Sophia Kaduma said at least 109 out of 121 districts have registered success in the programme. However, she noted that the remaining 12 districts faced a number of challenges which have to a greater extent failed the programme. She said the programme in the 12 districts was failed by unscrupulous agents and village officials who deceived the farmers.
Tanzania: "Regulate microfinance subsector"
10 March 2014, 12:00 pm
Dar es Salaam: Stakeholders are calling for the establishment of a new law to govern the rapidly growing microfinance subsector in the country which in principle is the main provider of financial services to rural areas and even some parts of various urban centers and therefore, a proper regulatory regime is necessary. Expressing their professional views on the subject at a recent meeting of the Tanzania Association of Microfinance Institutions (TAMFI) in Dar es Salaam, members said the subsector needs an improved regulatory environment if the government is to maximise the subsector‚Äôs potential.
Tanzania: Laws, rules impeding Common Market protocol up for review
7 March 2014, 12:00 pm
Dar es Salaam: Tanzania is this year expected to review and amend domestic laws and regulations that impede smooth implementation of the EAC Common Market Protocol. Speaking at the launch of the East African Common Market Scorecard (CMS) 2014 in Dar es Salaam yesterday, Dr Abdallah Makame, Assistant Director of Productive Sectors in the Ministry of East African Cooperation named the laws as those related to migration and capital. ‚ÄúTanzania has several legislations that pose challenges to the EAC member states in implementing the common market protocol. Indeed, I can assure you that we will work on the matter within this year."
Kenya targets Dar cargo with Taveta border crossing
6 March 2014, 12:00 pm
Nairobi: Kenya is betting on a new border post and the planned Mwatate-Taveta road to boost its share of cargo traffic even as concern grows over delay in signing a bilateral pact with Tanzania. Officials say the completion of the Sh500 million Taveta one-stop border post (OSBP) and construction of the road joining central Tanzania will significantly change the region‚Äôs trade dynamics in favour of Kenya as more cargo reverts to Mombasa Port and the Northern Corridor. ‚ÄúOnce projects are complete, traders will have more choice with some of the Burundi-bound cargo, for instance, coming to Mombasa and leaving through the Northern Corridor,‚ÄĚ Theo Lyimo, an OSBP director at TradeMark East Africa, said in Nairobi.
Tanzania: Small miners, lumberjacks to face revenue disclosure rule
6 March 2014, 12:00 pm
Dar es Salaam: Small scale miners as well lumberjacks and others in the forestry sector may soon be required to make their revenue public to help the government determine appropriate taxes for the sector. Noting that the government expects the mining sector to contribute at least 10 percent of the country‚Äôs Gross Domestic Product (GDP) by 2025, Tanzania Extractive Industry Transparency Initiative (TEITI) Board Chairman Judge Mark Bomani supported the government move saying it will lead to the targeted goal. Speaking at the opening of a regional training workshop on EITI Standards for Anglophone and Lushophone African countries in Dar es Salaam yesterday, Justice Bomani said accounting for small scale miners‚Äô revenue is a challenge. ‚ÄúThe group is not registered and operates without audited books,‚ÄĚ he said. ‚ÄúWe don‚Äôt know their revenues at all,‚ÄĚ he added.
Tanzania: New mining industry standards on review
5 March 2014, 12:00 pm
Dar es Salaam: Tanzania is expected to join other African countries to deliberate the newly recommended global Extractive Industries Transparency Initiative (EITI) standards, which among other things calls for transparency in the mining sector. Consensus hold, despite the introduction of new audit mechanisms, access to the country‚Äôs mineral industry information is still limited. Briefing reporters ahead of the planned regional training workshop on EITI Standards for Anglophone and Lushophone African countries to be held today in Dar es Salaam, Tanzania Extractive Industries Transparency Initiative (TEITI) Secretariat Economist, Innocent Bash, said the meeting will discuss challenges facing natural resources management in the region.
Tanzania: 2013 trade data
4 March 2014, 12:00 pm
Dar es Salaam: During 2013, overall balance of payments recorded a surplus of USD 498.4 million compared to a surplus of 326.1 million registered in the preceding year. This development was partly explained by increase in official capital inflows, non-concession loans and foreign direct investments. Gross official reserves amounted to USD 4,678.8 million as at the end of December 2013, sufficient to cover 4.4 months of projected imports of goods and services excluding those financed by foreign direct investment.