TANZANIA: TANZANIA Breweries Public Limited Company (TBL) shareholders have ratified a dividend of 537/- per share for the period ended December last year, at an Annual General Meeting (AGM). The dividend approved is equivalent to 158.4bn/-, which is an increase of 85 per cent over the prior year. TBL Chairman Mr Leonard Mususa, said despite the […]

TANZANIA: THE Tanzanian shilling has depreciated by 5.0 per cent over the past six months up to July, as it faces heightened demand for US dollars driven by tightening monetary policies in advanced economies and rising global commodity prices. According to the Bank of Tanzania (BoT)’s Indicative Exchange Rate report, the exchange rate stood at 2,652/40 shillings per […]

DAR ES SALAAM: AFRIPRISE Investment profit has minutely increased by 1.0 per cent, attributing the trend to improved capital market conditions and gains from the sale of treasury securities. The financial results of the listed firm, which is an investment wing of Tanzania Chamber of Commerce, Industry and Agriculture (TCCIA), show that the net profit increased to 1.97bn/- […]

DAR ES SALAAM: CAPITAL markets investment value has increased by 23.2 per cent as of last month compared to the amount recorded in April last year. New records reveal that the investment value has reached 43.4tri/- as of April this year compared to 35.2tri/- recorded during the corresponding period previous year, according to Chief Executive […]