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Bank equips petty traders with QR codes for digital transactions
Bank has also distributed Points of Sales devices to other business outlets such as retail shops, supermarkets, wholesale stores, hotels, restaurants and gas stations.
Hansel and Gretel? Tanzania Forests yield two million metric tons of timber exports
Tanzania ships abroad processed forestry products like the Engineered Wood Products, including plywood, marine boards and laminated boards.
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Bank of India to establish branch in Arusha City
High Commissioner of India in Tanzania Binaya Pardhan revealed that the trade between Mumbai and Dar-Es-salaam has reached USD 6.4 billion as of 2023.
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Tanzanians to keep their jobs even as government shuts down white elephant state corporations
Head of State, Samia Suluhu Hassan points out that her government pumps more than USD 30 billion to fund a number of public enterprises yet many of them remain non-productive burdens to the country.
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NMB Bank pays 45.5 billion dividends to State coffers Earning Presidential award for great performance
According to the head of state, the government has invested over 73 trillion/- in the public enterprises and other state-run institutions and it was their expectation that the funds should yield massive returns in profits.
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Economic growth risks remain moderate in Tanzania
However, despite wars and pandemics, the domestic economy remains stable, with recent growth in Tanzania Mainland and Zanzibar ranging from 4.7 percent to 5.4 percent.
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More than 1000 houses for public servants to be constructed across the country this fiscal year
During the second phase, the company will also invest 11 billion/- in constructing a total of 90 residential building at Mikocheni in Dar-es-salaam.
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The black gold from Southern Tanzania: Very Coal
Reports from the Tanzania Mining Commission reveal that the value of extracted coal is valued at around USD 211 Million per year.
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Bank of Tanzania and Economic Commission for Africa Launch Umbrella Guarantee Facility
The Umbrella Guarantee Facility (UGF) also known as Tradeclear, is a systemic approach to reducing counterparty credit risk in the market, the key challenge behind market segmentation
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Tanzania now intends to introduce Digital Currency
However, the Bank of Tanzania (BoT) says it is adopting a ‘phased, cautious and risk-based,’ approach in the proposed adoption of a Central Bank Digital Currency (CBDC)