Month June 2023

Advisory firms hail budget

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,…

DCB consolidates capital base and profit generation

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…

Pro-growth budget

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…

DSE trading activities slow down

A man stands by the billboard of the Dar es Salaam Stock

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…