Showing posts with label BUSINESS. Show all posts
Showing posts with label BUSINESS. Show all posts

Dr Mengi wants business ethics formulation to curb corruption

Tanzania Private Sector Foundation (TPSF) Chairman Dr Reginald Mengi has advised the foundation members and secretariat to formulate business code of ethics in order to curb corruption in the country.


Speaking during the 15th Annual General Meeting (AGM) on Friday evening in Dar es Salaam Dr Mengi said that corruption has become a serious problem that needed effective measures to halt it.

“As we know, corruption has two sides, a giver and a receiver. Sometimes, the environment of business people forces them to be involved in corruption practices in order to win favour for their businesses” he said.

He pointed out that the government cannot be blamed on daily basis for lack of business ethics; instead, TPSF in collaboration with other stakeholders should unite and formulate such codes that will help the government to fight corruption.

“There is a problem with the government in delaying to take actions against corrupt officials. The establishment of the business code of ethics will help to establish legally business environment and avoid corruption” he said.

According to him, such an effort will force the government to take serious and immediate measures to officials involved in corrupt practices while suggesting for the need to publish such corrupt official’s names on governments’ websites after facing the justice.

For his part, TPSF Executive Director Godfrey Simbeye said, the foundation is aiming at empowering local products and local businessmen to enable them improve national economy for the benefit of the majority citizens.

Simbeye said the foundation has tried its level best in creating conducive environment for local businessmen and investors at large by accelerating the national gas policy through advocacy and also empowering the country’s Small and Medium Entrepreneurs (SMEs).

 He said the foundations main’s goal is to ensure that local citizens are empowered economically as this will allow them to effectively contribute to the country’s economic development.

Last month, TPSF appealed to SME’s to identify and fully utilise development opportunities found in their communities in order to spur development.
SOURCE: GUARDIAN ON SUNDAY

BoT finalizes rules for Islamic banking

The Central Bank is finalizing legislation to regulate Islamic banks in Tanzania aimed at making the bank to comply with international banking principles.

The bank’s Deputy Governor Juma Reli stated on Wednesday that Islamic banks in the country were currently operating without such principles.

Reli who was speaking during Islamic Banking Seminar organized by the People’s Bank of Zanzibar (PBZ) in Dar es Salaam said the introduction of the service has assisted the country’s economy.

He said the service has been growing by more than 100 per cent year on year while continuing to perform well throughout financial ups and downs.

 “Globally this market is worth approximately $6.7 trillion and provides access to 1.3 billion customers, growing at 15 to 20 per cent year by year,” he said.

PBZ introduced Islamic banking in 2011, being one of the first banks to provide the service in the country and since its introduction it has reduced by 70 per cent money supply that was circulating outside the banking system.

“As a leading bank in offering Sharia compliant products, I am informed PBZ has focused on development and growth of small businessmen, women and entrepreneurs investing in developing unique bouquet of products and services,” he said.

PBZ has the largest banking network in the Isles, with 12 branches across Zanzibar, and two in Dar es Salaam of which four exclusively offer Islamic banking services.

The year 2013 was the best for the bank, posting record audited profits of Sh4, 930.97 million compared to the 2012 audited profit of Sh1, 397.29 million.

PBZ’s Non Performing Loans (NPLs) were among the lowest in the sector, as of October 2014 NPLs was 2.42 per cent compared to industry average of 7.65 percent.

PBZ managing director Juma Mohamed said they have been able to launch services that are strictly Sharia compliant governed by ‘a robust set of guidelines.”

“There will be numerous opportunities in the short, medium and long terms…PBZ intends to introduce new products including  Istisna, Salam and Murabaha working capital line of credit,” Juma said.

He said Murabaha line of credit is a revolving fund extended to a customer with agreed limit to be paid within an agreed period.

Under this arrangement a customer is allowed to finance a number of purchases during the facility period but should not exceed the agreed limit at any point of time.
SOURCE: GUARDIAN ON SUNDAY

Mwanza business college campus to receive infrastructure funding


 Deputy minister for Trade and Industries, Janet Mbene

The government plans to solicit funds to improve infrastructures of the Mwanza campus of the College of Business Education.

Speaking over the weekend, deputy minister for Trade and Industries, Janet Mbene said the government will purchase state of the art teaching tools and construct workers’ houses at Kiseke on the outskirts of Mwanza.

Mbene who was gracing the 49th graduation for the college said the government would raise funds from various sources to put in place a modern library, workers offices, hostels and lecture halls on the 4.2 hectare land acquired by the campus.

Earlier, CBE Board Chairman Prof Mathew Luhanga revealed that the campus management bought the land at 243m/- and plans to construct buildings that will accommodate 10,000 students, a development that will benefit many youth with the increased enrollment.

“We have a dire need to move to Kiseke because we use a lot of money to rent lecture halls at Nyanza Building,” he noted.

“We don't have enough offices for our staff… we therefore ask for government financial support," Luhanga added noting that the campus has only 18 lecturers but needs 40.

Mbene urged the 1,165 graduants to use the lessons learnt to employ themselves and start their own businesses rather than waiting for employment from the government institutions and private companies.

The graduands were awarded certificates and diplomas in Business Management, Procurement and Supplies, Accountancy and Marketing.

SOURCE: THE GUARDIAN

Airtel introduces airport priority pass, 30 pct discount on shopping, lounges

Airtel Tanzania has launched the Premier Card that allows their travelling customers priority pass at airports and awards them up to 30 per cent discount in supermarkets, hotels and restaurants across700 airport lounges globally.

This gives Airtel customers the opportunity to get away from crowded airport spaces and access an oasis of calm in participating exclusive lounges t
hat offer refreshments, comfortable seating and other services enhancing their travel experience.

Speaking at the launch of the innovative product, Minister of State Dr Mary Nagu commended Airtel for introducing the Premier card which she said recognizes, appreciates and supports mobile marketing.

“Despite the industry facing many challenges, Airtel strives to improve the lives of its subscribers…I believe the priority pass will serve as a good platform to establish business relationships and contacts as well as explore business opportunities across the world,” she said.

Airtel Managing Director Sunil Colaso said they have introduced the reward system to acknowledge loyalty of premier customers.

“We are confident that access to these lounges will not only enhance their travels but also provide them the opportunity to establish lasting and meaningful relationships with people they encounter with as they travel,” he said.

In their new bouquet of premium services, Airtel Tanzania has also introduced the home Wi-Fi solution that allows users to set-up personalised Family Wi-Fi at home and connect up to 32 smart devices.

In addition, users can also add up to 4 members on the same Wi-Fi and remotely give seamless 3G Internet access on their mobile devices anywhere throughout Tanzania.

This means that with the Airtel Family Wi-Fi solution, clients need not to top-up multiple bundles for individual devices, rather, the whole family can use internet from one bundle.
SOURCE: THE GUARDIAN

Businesses advised to invest in staff wellbeing for improved productivity

Prevention and early detection of both communicable and non-communicable diseases through simple, healthy lifestyle interventions is key to promoting the development of a healthy workforce, business managers are reminded.


“To increase and sustain productivity it is paramount to carefully align wellness initiatives with a company or any organisation’s culture to bring about transformation of staff into a healthy more efficient and productive workforce,” renowned health profession Bhakti Shah told The Guardian over the weekend.

Shah, who is the founding member and President of the American Chamber of Commerce in Tanzania went on to explain that ‘work life’ improvements translate to efficiency, productivity and loyalty among staff.

“Business should invest in their most valued assets, their staff…and a key investment is improvement of staff health and general wellbeing by participating in wellness programmes,” she urged and explained that among other benefits, companies and organisations that invest in their staff suffer less expenses in medical costs along with under productivity and absenteeism related to illness.

Shah, who is also the Founder and Managing Director of Impactafya, a health centre based in Dar es Salaam and provides a range of wholesome services to promote health, wellness and rehabilitative care, said a healthy lifestyle is the foundation of a productive workforce.

“Wellness programmes cultivate and sustain the culture of healthy lifestyles…eating and sleeping well, exercise, mental and spiritual development” she added.

Speaking to Masters in Public Health students from Dar es Salaam based Hubert Kairuki Memorial Hospital during their recent visit to the Impactafya centre as part of their field trip for the course module on non-communicable diseases, Shah listed ten components of a healthy lifestyle to include Positive attitude which said helps with stress management, vital for the work environment.

“Staff also need a healthy environment…clean, hygienic, pollution free and green environments that help prevent diseases,” she told them citing that healthy food combined with regular physical activities also helps reduce the risk of contracting chronic diseases.

She listed other healthy habits necessary to improve wellbeing and productivity as physical activities, spirituality and time with family, friends and other social networks.

“Adequate sleep is also very important…the quality of sleep at right times plays a vital role in good health and well being throughout your life... ongoing sleep deficiency can raise the risks for chronic health problems,” she warned and cautioned that people who suffer from addictions such as smoking, drugs, alcohol, more often than not, have one or more accompanying communicable and non-communicable medical issues that lowers their general productivity.
SOURCE: THE GUARDIAN

Bilal to open financial institutions` meeting

Vice-President Dr Mohamed Gharib Bilal is tomorrow expected to address the 17th Conference of Financial Institutions (COFI) meeting to be held at the Arusha International Conference Centre (AICC).

The two-day event has been organized by Bank of Tanzania (BoT). COFI is a biennial forum created in 1980 by the central bank.

 “It brings together heads of financial institutions and other stakeholders to exchange views and experiences on matters related to the financial system and the country’s economy.”

This year’s conference theme is ‘Financing Agriculture and Agribusiness in Tanzania: Challenges and Opportunities.’

It is expected to reflect the need to increase financial resources to agriculture, the major activity of the majority of Tanzanians.

Currently, there is remarkable financial innovations , accompanied by elimination of geographical barriers to some financial services, particularly money transfer services.

 Mobile money and several other innovations in the country have become part of the changing financial sector landscape, playing a ‘transformative role’ in extending affordable financial services, particularly to the rural populations.

Policy makers and practitioners in the financial sector are eager to understand the forces behind these developments and their implications to the provision of financial services.
SOURCE: GUARDIAN ON SUNDAY

Tanzania revisits Loliondo hunting reserve plan

Tourists at the Serengeti National Park. PHOTO | FILE

Tourists at the Serengeti National Park in northern Tanzania. PHOTO | FILE  
By BDAfrica.com REPORTER and AGENCIES

  • A Dubai-based luxury safari company wants control over a 370,000 acre “wildlife corridor” near the Serengeti.
  • The commercial hunting firm lets Arab royals and rich businessmen to kill wild animals in the game control area.

Thousands of Maasai will be evicted from a vast parcel of land in Tanzania’s Loliondo district to pave way for a private game park, area activists say.

This follows the reversal of a decision last year not to allow a Dubai-based commercial hunting and luxury safari company control over a 1,500 square km (about 370,000 acres) “wildlife corridor” near the Serengeti national park.
Tanzania’s government, however, says the reports are merely “a bad rumour”.
More than 40,000 people have been asked to leave the grazing land by the end of the year as the State pushes on with plans to sell.
The proposed hunting reserve will be run by the Otterlo Business Corporation, a company with links to the Dubai royal family that leases land in the area.
According to reports in the Guardian newspaper, the government is offering £369,350 (TShs1 billion or about KShs52 million) in compensation “to be channelled into socio-economic development projects”.
The park is expected to have an impact on Kenya’s Masai Mara ecosystem, which neighbours the Serengeti and shares in its exceptional wildlife population.
Loliondo is on the main migratory route for wildlife north of Ngorongoro Crater, east of the Serengeti and south of the Mara National Reserve.
Each year hundreds of Arab royals and rich businessmen spend weeks hunting wild animals in its game control area, the Associated Press reports.
The hunting season coincides with the migration of wildebeest and zebra, which cross into the Serengeti and the Masai Mara, followed by predators.
“The area is leased under the Otterlo name by a member of an Emirates royal family who is a senior officer in the UAE defense ministry,” AP says.
Tanzania's National Resources and Tourism minister Lazarus Nyalandu says any talk of a change of heart regarding the wildlife corridor is mistaken.
“Government of Tanzania has no plans to evict the Masai people out of their ancestral land in Loliondo as wrongly reported by media,” Nyalandu posted on his official Twitter account. He, however, made no reference to Otterlo, Dubai royals or plans for the hunting reserve.

US stocks boosted by China rate cut

NYSE traders
(Open): US stocks opened higher after China announced a surprise rate cut and the head of the European Central Bank hinted at further stimulus action.
The Dow Jones rose 158.02 points, or 0.9%, to 17,877.02, while the S&P 500 climbed 18.54 points to 2,071.29.
The technology-focused Nasdaq was 34.32 points higher at 4,736.19.
In an attempt to boost growth, China will cut its one year deposit rate to 2.75% from 3.0%, and trim its one-year lending rate to 5.6% from 6%.
Sentiment among investors was also boosted by comments from Mario Draghi, the head of the European Central Bank (ECB).
Mr Draghi said the ECB was ready "step up the pressure" and take more measures to try to boost growth in the eurozone.
The ECB has already cut its benchmark interest rate to 0.05% and begun some asset purchases, but Mr Draghi said the bank could alter "the size, pace and composition of our purchases".
The comments triggered a fall in the value of the euro, which was down more than a cent against the dollar at $1.2427.

TFC outlines procedures of buying shares for new Coop bank

The Tanzania Federation of Cooperatives (TFC) executive secretary Willigis O. Mbogoro has outlined procedures that would be followed by members and businesses to purchase shares for the establishment of the Cooperatives Bank.

Speaking to The Guardian yesterday, he said, the shares will be brought at all NMB bank branches.

One share will be valued at 1000/-, he said, adding
that individual members will be required to purchase at least 10 shares (10,000/). On the other hand, cooperative societies will be required to buy not less than 5,000 shares (whose value is 5m/-).

As for cooperative unions, they will be required to buy not less than 20,000 shares whose value will be 20m/-, he said.

He said the money accrued from the purchase of shares would be used to open up new bank branches in every zone.

The bank intends to raise a total of 15bn/- for the establishment of the bank, which will be housed at the Cooperative building in Dar es Salaam. He said all the work is expected to come to completion by 2016, adding” the establishment of this bank would help members to procure capital for agricultural and industrial production.”

Besides, he said, the establishment of the bank would make TFC to strengthen itself as well as boost agricultural production in the country.

Registration of the bank through by the Bank of Tanzania has already been done, he said.

TFC was registered on 8th December, 1994 with Registration Number 5503. Founding Members of TFC consists of five National Cooperative apexes from Tobacco, Cotton, Coffee, Cashew and Cereals and other produce industries; two specialised unions Savings and Credit Cooperative Union of Tanzania (SCCULT) and Tanzania Industrial Co-operative Union and six Cooperative Unions. Currently, the Cooperative movement comprises of about 6,000 Cooperative Societies having about 700,000 members. The number of TFC members is expected to rise to over ten million following the enactment of the Cooperative Act of 2004 and the establishment of the bank.

Kariakoo traders receive financial services training

Kariakoo businessmen have received financial training offered by the Dar es Salaam Commercial Bank (DCB) focused on savings and access to soft loans from the bank.

The training follows the bank’s midweek opening of a new branch at the country’s busiest market bringing financial services closer to the people.

Speaking during the official opening ceremony of the branch on Wednesday in the City, Director General of DCB Commercial Bank PLC, Edmund Mkwawa said businessmen need training on saving in regards to time and place and related profits to be reaped.

 “Most business people do not have enough knowledge on how they can save their money as well as the right place for them to get loans for their business and life improvement,” he said citing that the new branch will open up another avenue for DCB to offer its unmatched banking services to its ever-growing population of customers.

Mkwawa said that the new branch is a reflection of the Bank’s strong business growth, increased customer base and its commitment to offer tailor made services to its customers and the business community at large.

“Dar es Salaam being the hub of Tanzania’s commerce and business, we witness a massive increase of customers who subscribe to our services from the region. With a range of 8 branches in the city, coupled with several innovative services, the bank is a step ahead to ensure that its customers meet their busy schedules by getting fast and excellent banking services from DCB,” said Mkwawa.

Mkwawa also said the bank uses its 195 agencies from Maxcom network that have been authorised by the Bank of Tanzania (BoT) to offer their services.
“Our intention is to involve many people in financial inclusion giving them the capacity to expand their business so and boost national income in general,” he said.

Contraband minerals ready for auctioning


Mineral stakeholders visit a minerals showroom during the Arusha Gem Fair held in Arusha City yesterday. PHOTO | FILBERT RWEYEMAMU

Arusha. The government has started auctioning over Sh100 million worth minerals it confiscated at three airports, an official with the Tanzania Minerals Audit Agency (TMAA) has said.
TMAA has established desks at Julius Kambarage Nyerere International Airport, Kilimanjaro International Airport, and Mwanza Airport which impound minerals about to be smuggled.
“The minerals were impounded when they were being exported without permits,” the TMAA Valuation manager, Mr George Kaseza, told reporters on the sidelines of the 3rd Arusha Gem Fair.
The Minerals Advisory Board chairman, Mr Richard Kasesela, started auctioning the confiscated minerals on Wednesday at the fair which wound up here yesterday.
However, most of the culprits convicted of smuggling the minerals were not imprisoned, as they opted for paying fines depending on the type and amount of the minerals they were caught with.

VP to officiate at Africa industrisaliation Day commemoration in Dar today

Vice President Dr Mohamed Ghalib Bilal will today officiate at the commemoration of the industrial sector – Africa Industrialisation Day in Dar es Salaam with the theme 'Inclusive and Sustainable Industrial Development: African Agro-industry for Food Security'.

This year’s Africa Industrialisation Day celebrations are taking place following the adoption of the Lima Declaration by The United Nations Industrial Development Organisation (Unido) member states last December and the approval of the organisation’s new mandate for Inclusive and Sustainable Industrial Development (ISID).


Based on consensus reached by Unido, the AU and Uneca, African countries have been using November 20 of every year as the day to commemorate the importance of industrial sector – Africa Industrialisation Day (AID).

The occasion is used to engage stakeholders in deliberations on issues deemed important to the sustainable development of the industrial sector.
Every year, a common theme is identified by the three agencies to help guide the commemoration.

Commemorations for Africa Industrial Day in Tanzania are being coordinated by the Ministry of Industry and Trade with the support of CTI, Unido and other institutions. The commemorations in Tanzania will be held at the Mwalimu Nyerere (saba Saba) grounds in Dar es Salaam.

Africa Industrialisation Day was established in 1990 and is the day when a large number of African governments and organisations gathered to examine different ways of stimulating the industrialisation process on the continent. This special day attracts a large amount of attention from around the world and special seminars, meetings and other types of events are held throughout Africa.

Although it can be seen that industrialisation in Africa is gradually increasing, it is significantly behind many other parts of the world, which has an impact on Africa’s development and its ability to interact at a global level.

It is also an occasion to draw worldwide media attention to the problems and challenges of industrialisation in Africa.

Many of the events that take place on Africa Industrialisation Day are attended by national leaders and representatives. On this day, effort is made to bring together the leaders of as many African countries so that they are able to strive for common goals that benefit industrialisation in Africa as a whole.

However, University of Dar-es Salaam Senior Lecturer Dr Haji Semboja will give a presentation of the thematic paper for Aid 'Inclusive and Sustainable Industrial Development: Africa Agro Industry for Food Security'.

Some other figures who will attend the cerebrations are Dr Abdallah Kigoda - Minister for Industry and Trade, Dar es Salaam Regional Commissioner Dr Samuel Nyantahe Chairman – CTI and UN Resident Coordinator in Tanzania who will give a statement of UN Secretary General.

Last year, Africa Industrialisation Day was cerebrated with the theme “Job Creation and Entrepreneurship Development: A Means to Accelerate Industrialisation in Africa”. 

Maize farmers in Tanga Region say unsold stocks now almost going bad

Farmers in Tanga Region have faulted the government over its failure to find market for the 55,000 tonnes of maize currently stored in warehouses and open space, while their standards of living are worsening.

Up to now, more than 300 tonnes of corn in Kilindi District have started
to go bad.

 Yet the National Food Reserve has not said a word on that.

Speaking in an interview with The Guardian, the farmers said they were motivated by the government to cultivate highly with the assurance that their crops would easily get market but that has not been the case.

They said the government had no reason to prohibit farmers from selling their produce in foreign countries, including Kenya as they had already built a customer base.

"At that time, we had our network of buyers so we were sure of selling our produce during the post harvest season and then we would prepare for the next season of cultivation. But now we don’t have the energy and morale to cultivate when there’s plenty of maize sitting in the warehouse, said Juma Shengodo, from Handeni District.

James Mhada said the situation has made it difficult for the farmers to engage in other economic activities due to lack of operating funds and therefore they cannot provide for their families.

Commenting, Tanga Regional Administrative Secretary Salum Chima said the local government has asked the National Food Security (NFRA) to be able purchase surplus maize while they continue seeking market abroad.

From Tanga Region, he said, FRA bought a total 10,000 tonnes of maize, 5,000 tonnes from Handeni District and 5,000 tonnes from Kilindi District.

However, he said that the move has left many farmers with excess produce, forcing the local government to search for market outside the country particularly in Kenya; so as to generate farmers' income hence enable them to proceed with other agricultural activities.

He said this year, the production of maize in the region has been remarkable as the farmers produced 201, 890 ha while they had targeted 211, 890.
Other crops cultivated in the region are cassava and Irish potatoes at 548,480, according to him.

Basic food demand in the region was 485 224 ha.

Coca-Cola fences Dar school through 12m /- donation

The Coca Cola Company has donated 11.7 m/- to support the construction of a concrete fence at Ushindi Primary School, in Dar es Salaam, a move aimed at improving the environment of the school and curbing vandalism by unidentified persons during the night hours.

Speaking at the handover ceremony in Dar es Salaam recently, the Coca Cola Human Resources Director, Eric Ongora said that his company is committed to changing people’s lives.


Ongara told the guests at the ceremony that his company believed that pupils and teachers of the school were part of their customers as there was the market for Coca Cola products in the schools.

“Charity begins at home,” said the Human Resources Director adding that that the proximity of school and the Mikocheni Coca Cola plant was another reason to support the school.

Ongara revealed that Coca Cola had set three priorities to give back profits to community. He identified the priorities as engagement of women in economic empowerment and entrepreneurship.

He named other priorities as access to clean water, water conservation and recycling.

He also said that Coca Cola raised concern over issues related to well-being, such as active healthy living, education and youth development.

On his part, Suleymani Sagonhgo, the local government official from Mikocheni ward said the donation was part of the efforts made by leaders of the ward to convince companies to support the school.

Sagonhgo appealed to other companies to support the school which needs more than 240m/- to complete the construction of the concrete fence.

School Head teacher Elias Katunzi thanked Coca Cola Company for the donation and he promised to work together with Mikocheni ward leaders to make use of the fund.

Katunzi said that improving environment at the school was essential for both protection and change of lives of the school children.

Is Tanga economic corridor scheme about to collapse ?

The programme to construct 20 industries, a multi-billion shillings project for Tanga Economic Corridor that would form the nucleus of the city’s industrial hub, is yet to take off and initial plans have been halted.
Tanga Economic Corridor Limited chairman Chris Incheul Chae, who is one of the investors in the project, said the initiative is proceeding very slo
wly because some government officials have put little seriousness on it.
The project, which was launched by Vice President Dr Mohammed Gharib Bilal will see investments to the tune of 443bn/- put in place under the partnership between Tanga Municipal Council and South Korean investors.
The former would hold 49 per cent shares, while the private investors from South Korea would hold 51 per cent stake.
“There have been some problems rendering the project to delay, there are some people who do not want this project to succeed,” he said
“I told the government officials on what to do so as to quickly complete the project but they have remained silent,” he said, adding, “this is very bad because the purpose is to improve the economic gains of the people of Tanga Region as well as improving the economy of the nation.”
Chae who is also chairman of African Future Forum (AFF) added: “Many Koreans were eager to invest in the Tanga Economic Corridor Limited but some officials at the Korea embassy in Tanzania told them that the place is not good for them to invest.”
“I wonder why this has happened while the officials are there to promote Korea and Tanzania economic partnerships,” he said.
Upon completion, he said, the Tanga Economic Corridor plans to exports 70 per cent of the manufactured items while the remaining 30 per cent will be consumed within Tanzania.
Speaking at the launch the corridor in June last year, Chae, said that the work to construct all the industries was supposed to be done by this year, but nothing has been done so far.
He said that the corridor would offer employment to more than 2,000 people.
For his part, Dr Gharib Bilal had said during the inauguration: “The government will do all it can to protect the investors’ capital through introducing required services.”
He instructed agencies to ensure they supply the area with essential utilities such as water and electricity, but up to now nothing has been done.
He also cautioned against act aimed at discouraging investors from investing in the country that are associated with delays and red tape in the registration of new projects.
Dr Bilal said that the government recognised the hindrances to doing business in the country as per the World Bank report, adding that efforts were being made to rectify the situation.
One of the areas the government has worked on to redress the situation was reviewing the legal system, which was cited by the WB.
The project site is at Pongwe industrial area which is adjacent the Pongwe railway station, a few kilometers from Tanga city.
The total area of the Tanga Economic Corridor project comprises 67.7 ha and 4.3 ha for both industrial and housing estate respectively.
This area is deemed to be enough for huge investments such as the Tanga Special Economic Zone project.
The project area has been declared a Special Economic Zone (SEZ) by the Export Processing Zone Authority of Tanzania (EPZA) and has been granted Certificate No 67 D, he said, adding that as such it falls under the SEZ programme.
Tanga Economic Corridor Limited is an industrial park developer and a joint venture firm between Tanga City Council and Good PM Group Limited through Africa Future Forum, an NGO that facilitates infrastructure development on the continent.

Farmers near L.Victoria to buy power from wind-solar project

Villagers around Lake Victoria in Kagera, Mwanza and Mara regions are set to benefit from a wind-solar technology that will generate electricity to be used in running water pumps from the Lake for irrigation use.

The project will enable small scale fa
rmers surrounding the Lake to grow crops annually.

The scheme is initiated by Africa Wind Energy Technology Associate Company Ltd (Aweta)

Aweta’s Chief Executive Officer Jean-Luc Delcassé made the revelation to this paper at the just–ended meeting for stakeholders engaged in renewable energy industry on strategies to promote the industry.

According to the CEO, they have already conducted a feasibility study around Lake Victoria and prepared a business plan so that they can obtain financial support from different financial institutions to implement the project.

“This is a new project designed to support the villagers to access electricity in their respective areas for domestic and commercial use and as a firm,” he said.
The development follows the observation that there is a lot of water, wind and solar in these regions but people don’t make use of the resources,” he said.
“We are going to conduct a pilot project in the Lake Zone to show the Lake Zone communities in practical how the technology is working and the pilot project will be called KV 50,” he said.
“We have already mobilised financial resources from donors and some of them have agreed to support us so that we can start to implement the project,” he added.

While in the said regions, Aweta will conduct a demonstration and promotion of the use of solar and wind for water pumping at Lake Victoria so that villagers can start to use it for domestic and irrigation farming activities.

During implementation, the firm will install wind turbines and wind-solar hybrid system.

 “This project aims to enhance the living standards of small holder farmers through increased production of crops, food security, creation of jobs, and increased income,” he said.
This project is a proceeding of a pre-Feasibility Study that has already conducted surrounding the Lake Victoria and the report available indicate that there is a lot of wind and solar that can be used to generate power from the Lake Victoria.

He pointed that the ministry of water has already issued a permit to start the project as soon as the funds are available.

“We need support from the government including all approvals that will be required in the process and technical assistance from the ministry of water and local government in areas where we intend to establish this project to help people access electricity and use water for domestic and commercial use,” he said.
Presently, Aweta deals in the sale and installation of mechanical water pumping windmills, solar-wind hybrid powered water pumping systems among others.

On the advantage of wind –solar water pumps, he mentioned low operational costs and saving of forex that is used to import fossil fuel.
The wind turbines will be installed adjacent to Lake Victoria or on the shores of Lake Victoria, he said, noting that water and electricity are key factors of socio-economic development and the fight against poverty.

K’njaro residents to hold demo over defective scales.

Residents  in four villages, in Moshi District, Kilimanjaro Region have warned that they would take to the regional commissioner’s office and implore him to withdraw licences from butchers who use unbalanced weighing scales, if the Weights and Measures Agency (WMA) doesn’t take stern action against the businesses.

The villages are Singaboro, Kirima, Kibosho Central and Umbwe respectively.

They issued the warning yesterday when the village
rs met with the director of finance and administration Chadema, Anthony Komu who was wooing them to join his party.

Villagers in Singaboro voiced their complaints to Komu and his fellow dignitaries over cheating tendencies by butchery operators which they said are common with unfaithful businesspersons.

“You are a politician therefore you can publicly condemn these malpractices. We are tired of being exploited. Let this be clear that we will see the Regional Commissioner himself on this matter if the WMA has failed to tackle this problem,” said Deusdedit Mroso, a resident of Kikomo village.

Augustao Munisi, from Umbwe village said in an attempt to obtain excess money from the customers, butcher owners tamper with the scales alone instead of the stones that are used to measure the meat accurately, thus denying customers’ their fair share of the meat.

“The cheating schemes put us in a position whereby we may end up punishing our children when they bring home half the required meat we sent for, yet it is the greedy businesspersons who trick our children into accepting less than what they pay for,” said Mariana Mboya.

Recently, WMA’s deputy public relations manager warning users of fake weights to halt the practice said the act undermines the households’ economy and that of the country in general.

Responding to the grievances, Komu called upon the government to take severe actions against the culprits.

He said when a businessman is caught for the first time he is fined 10,000/- or serves 3 years in jail and for the second time, he is charged 20,000/- or serves 7 years in jail or even both punishments.
 

Dar - Bagamoyo speed ferry arrives

The long-awaited speed ferry which will ply between Dar es Salaam and Bagamoyo has finally arrived in Dar es Salaam.
Speaking after receiving the boat at the Dar es Salaam port on Monday, minister for Works, Dr John Magufuli said the boat had coast the government a whopping 7.9bn/-.

“This is a ferry of its kind because its speed is incomparable to other ordinary ferries we have in the country,” he said.

He said the ferry has all the required modern equipment known as navigational equipment including a compass, an automatic identification system (AIS), a radar, echo sounder, CCTV GPS and cameras among others.

“The speed ferry has the capacity to carry around 300 seated passengers,” said the minister, adding that with the boat, it will take almost two hours from Dar es Salaam to Bagamoyo.

He commended the construction company which undertook the project for completing the work on time.

Dr Magufuli further said that the arrival of the ferry will minimize the severe congestion from the city which has become like a cancer.

For her part, Executive Director for the Tanzania Electrical, Mechanical and Electronics Services Agency (TEMESA), Marcellin Magesa said the construction of the Dar-Bagamoyo ferry project was initiated by the government through its fiscal budget for 2013/14, with an objective to minimizse congestion in Dar city.

She said the construction was entrusted to M/S Jogs Gram-Hanssen Construction of Denmark which was also given the task of bringing it in the country all the way from Bangladesh where the construction took place.

Magesa further noted that before bringing it in the country, the speed ferry was thoroughly inspected by Tanzania’s engineer gurus from TAMESA and the Surface and Marine Transport Regulatory Authority (SUMATRA) and also underwent trials.

“In total, about four inspections were done to the vessel before its completion on September, 15 this year,” she noted.

According to Magesa, the fast ferry has been constructed in the form of CATAMARA, constructed by using aluminum marine plate (ALMG4.5), which cannot easily attain rust.

The vessel is 37.5m long and 10.5m wide. It has been fixed with two engines of YANMAR make of 1140 horse power.

Indonesia raises fuel prices by more than 30%


Jakarta petrol station
The Indonesian government has increased fuel prices by more than 30% in an attempt to save the economy more than $8bn (£5bn) in 2015.

Prices were raised by 2,000 rupiah ($0.16; £0.10) per litre, with gasoline now costing 8,500 rupiah and diesel 7,500 rupiah.

The subsidised fuel prices in Indonesia are among the cheapest in the world.

The unpopular move sparked small protests and long queues at petrol stations in the capital, Jakarta.
Previous price increases have sparked violent protests and reports said young people had clashed with police at a demonstration hotspot before the announcement on Monday.
New President Joko Widodo, who took office last month, said the increase would bolster government finances and help with the nation's trade imbalance.

"The country has needed a budget for infrastructure, healthcare and education but instead spent it on subsidising fuel," he told reporters on Monday.

Indonesia's $23bn fuel subsidy bill is the main reason behind its budget deficit. It is also behind the nation's trade imbalance as Indonesia imports much of its fuel.

The economy also grew at the slowest pace in five years in the third quarter at 5.01%, compared to a year ago.

Rate rise? The rise in fuel prices could push up inflation to 7.3% this year and the impact would last until next year, the government said.

Inflation jumped to nearly 10% in mid-2013 after fuel prices were increased.
Economists said the country's central bank, Bank Indonesia, might need to increase interest rates this month to cope with the rising inflation.
Bank Indonesia has not changed the benchmark rate since November of last year.

Analysis: Pinta Karana, Editor, BBC Indonesia The fuel price rise was not a big surprise, because President Joko Widodo had repeatedly made the statement even during his election campaign.
People's reactions to the fuel price increase are mixed. Some people understand the reason behind it, which is to develop welfare sectors, including health and education, but some question why the government made the decision to raise the fuel price when global oil prices are in a decline.
There were a few protests in Jakarta and other cities, but it was nothing in the way we had seen before. Fuel price rises are an unpopular move for Indonesian presidents, and in the past they have triggered mass demonstrations all over the archipelago.
Hence, it now is seen as Joko Widodo's test of leadership, and analysts praised the move as proof that the popular president stayed true to his image as a man of action who is bold and straightforward in his policies.

Tanzania invites oil, gas investors from Angola

The government has invited oil and gas investors from Angola in a bid to promote business links between two countries and consolidate the bond of friendship between the two nations.

The invite was extended by Minister for Foreign Affairs and International Co-operation, Bernard Membe during the occasion to mark the 39th anniversary
of the independence of Angola that was held in the city recently.

“I take this opportunity to invite more Angola investors, especially in oil and gas sector and I also urge responsible institutions for the promotion of trade from both countries to undertake appropriate measures in an attempt to boost economic growth of our two countries,” he said
According to Membe, Tanzania will continue working closely with the Government of Angola in cementing and enhancing closer ties for mutual benefit of our nations and their people.

“Investors willing to establish businesses in Tanzania, presently we have TIC- a one stop centre that coordinates and promotes investment for both local and foreign investors,” he said.

“The centre is there for you, welcome and utilise it. At the moment Tanzania is recognized worldwide as one of the best destinations for investment,”  he said.

On security for Investing in Tanzania, he said investments in Tanzania are guaranteed against nationalization and expropriation.
Tanzania is signatory to several multilateral and bilateral agreements on protection and promotion of foreign investments, he said.

Among them are the Multilateral Investment Guarantee Agency (MIGA) and International Centre for Settlement of Investment Disputes (ICSID).

Apart from that Tanzania is part of various distinct market areas including Southern African Development Community (SADC) and East African Community (EAC). Like other developing countries, he said, Tanzania, benefits from preferential schemes - such as the African Growth and Opportunity Act (Agoa-US).

“On the other hand, I wish to reiterate the commitment made by President Jakaya Mrisho Kikwete during his official to visit in Angola in May this year when he said Tanzania is determined to open an embassy in Luanda in order to further broaden our excellent relations,” he said.

“We in Tanzania like in other African countries and all peace loving countries join your governments, our sisters and brothers of the Republic of Angola in celebrating this auspicious occasion,” he said.
“Tanzania recognizes with appreciation, the invaluable sacrifices made by the heroes and heroines of Angola during the bitter times of the struggle for liberation,” he said.

The liberation of Angola was not only a great achievement to Angolans but also a significant platform for liberation movements in countries that were still under colonial administration, he said.
Meanwhile Prof Ambro’sio Lukoki, Ambassador of the Republic of Angola in Tanzania said that his country and Tanzania maintain excellent cooperation relations at the bilateral level and in the framework of the Southern African Development Community (SADC) and the International Conference on the Great Lakes Region (ICGLR) of which we are both member states.
According to him, the visit paid by His Excellency Jakaya Mrisho Kikwete to Angola on May 10, this year served to increasingly deepen and strengthen the relations between our two people’s and states.

Also since the establishment of multi-party system they have attained great progress in the process of consolidation of democratic institutions.

Presently a great reform of Justice and Law is underway as well as of the Tribunals with the objective of improving political coexistence, respect of diversity and preservation of freedoms, guarantees and rights of the citizens.

“Also in May this year we held our fist general population and housing census since our independence, it was a grand success and complex exercise,” he said.

The first preliminary results show that the country has twenty four million and three hundred thousand inhabitants of which fifty two percent are women.

Highlighting on education, he said, peace has allowed the extension of education throughout the country and right now in secondary education they have already have more than one million students.