TANZANIA’s Parliament approved a record 44.39tri/- Budget for 2023/24 on Monday after a week of debate over proposed plans to enhance social and economic development in the country. National Assembly Speaker Dr. Tulia Ackson announced that 354 MPs or 95…
SOME tax, audit and advisory firms said the 2023/24 budget is positive for the economy if implemented accordingly and will significantly advance the business environment. The firms’ analysed reports showed that the budget’s ambitious revenue collection target seems attainable. However,…
Dar es Salaam. Despite facing economic challenges, DCB Commercial Bank has consistently expanded its capital base, while its profit generation has also maintained an incremental trend, the bank told shareholders over the weekend. Addressing the 21st edition of the Annual…
THE government has hiked taxes on beers, cigarettes and gambling machines and increased road and fuel tolls to raise additional revenue and promote growth. Presenting government budget estimates for 2023/24 financial year in the National Assembly on Thursday, the Minister…
DAR ES SALAAM Stock Exchange (DSE) has recorded a significant activity after equity market turnover increased by 113 per cent last month, thanks to dividend payments. Exodus Advisory, a Monthly Market Report, said the equity turnover increased from 4.36bn/- in…
BANK of Tanzania (BoT) has said the country is experiencing shortages of US dollars, the dominant currency in international transactions but insisted that there was no cause for alarm, as the level of reserves was sufficient to cover four months…
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…
