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 subsectorâ€™s 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. â€śTanzania 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 regionâ€™s trade dynamics in favour of Kenya as more cargo reverts to Mombasa Port and the Northern Corridor. â€śOnce 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,â€ť 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 countryâ€™s 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 minersâ€™ revenue is a challenge. â€śThe group is not registered and operates without audited books,â€ť he said. â€śWe donâ€™t know their revenues at all,â€ť 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 countryâ€™s 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.
Tanzania: Govt asked to lower foreign teachersâ€™ work permit fees
4 March 2014, 12:00 pm
Dar es Salaam: Tanzania Association of Managers and Owners of Non-Government Schools and Colleges (Tamongsco) has called on the government to review work permit fees paid by foreign teachers, particularly those from East African Community (EAC) member states. Tamongsco Chairperson, Esther Lema made the call over the weekend when speaking in Arusha at the annual general meeting of the association that involved more than 100 school and college managers from across the country. Lema said work permit fees are too high and need to be lowered a bit to encourage more foreign teachers to teach in Tanzanian schools, particularly those who teach subjects that are mastered by a limited number of local teachers.
Economists wary of BRICS initiatives, transparency snags
3 March 2014, 12:00 pm
Dar es Salaam: Experts have cautioned the government to be careful in handling foreign investors coming to the country offering contracts without transparency. Participating in a debate organized by Policy Forum over the weekend in Dar es Salaam to evaluate investments from Brazil, Russia, India, China and South Africa (BRICS) in Tanzania as an alternative to western predominance in accelerating development, stakeholders said that most investors coming to invest in Tanzania have contracts employing complicated terms with a lot of conditions that do not benefits locals.
Dar port raises efficiency, boosts revenues by 14.3pc
28 February 2014, 12:00 pm
Dar es Salaam: Following governmentâ€™s efforts to improve efficiency of the Dar es Salaam Port, including signing a Memorandum of Understanding (MoU) to operate 24/7, the portâ€™s performance is reported to have registered a 14.3 percent increase in revenue collection from 325.3bn/- in 2011/12 to 371.7bn/- in 2012/13. Speaking to journalists over the weekend, Tanzania Ports Authority (TPA) acting Corporate Communications Manager, Janeth Ruzangi said forums that involved various stakeholders including port authority and the ministry have helped improve the portâ€™s efficiency and solve the problem of congestion of vessels at outer anchorage and cargo at port terminals.