SWALA OIL & GAS PLC TO COMMENCE LIQUIDATION PROCESS
The announcement states that Swala Oil & Gas (Tanzania) plc will be placed in liquidation as per the resolution of its creditors representing approximately 75% of the Company’s liabilities.
The announcement states that Swala Oil & Gas (Tanzania) plc will be placed in liquidation as per the resolution of its creditors representing approximately 75% of the Company’s liabilities.
ZANZIBAR economy is projected to grow at 6.5 per cent this year from last year’s 5.2 per cent, the House of Representatives was told on Tuesday. Minister of State, President’s Office, Finance and Planning Dr Saada Mkuya Salum attributed the speedy economic growth to the International Monetary Fund (IMF) soft loan to mitigate the impacts…
Equity market TRADING activities on the Dar es Salaam Stock Exchange (DSE) registered reduced activities for the trading week ending June 2nd. The total turnover for the week reached TZS 921.11 million, marking a decrease of 81.23 per cent compared to the previous week. The overall market exhibited mixed sentiments, resulting in growth in the…
DAR ES SALAAM:THE TCCIA Investment Ltd on Thursday launched an initial rights offering for selling over 72.9 million shares targeting to raise 10.58bn/- by December 1, this year. The funds earned from the sale will enable the TCCIA Investment Company to beef up its investment in the capital markets. This will include investment in corporate…
South African Airways (SAA) has inked a codeshare agreement with Kenya Airways (KQ) on flights to and from their home countries in a bid to increase their reach. The deal, which became effective immediately, will see each airline sell, under its own code, flights operated by each other while travellers will combine flight segments and…
Treasury bills’ minimum successful bids and weighted average prices have been decreasing consecutively in the last nine months throughout the year. The bills’ prices on average have dropped from their highest of 99/84 in the auction held last August to 99/67 in the auction held on the third day of May. Tanzania Securities’ Treasury Bills…
Activities on the Dar es Salaam Stock Exchange (DSE) increased for the second week running. Turnover for the week amounted to 3.9bn/-, an increase of 48.20 per cent from the previous week. General market was in bullish mode leading to an increase in both total and domestic market capitalisation. The top three trading counters within…