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DAR ES SALAAM: Tanga Cement Company reported a 2.1bn/- loss in the second quarter of 2023, a slight improvement from 2.4bn/- loss before tax made in a similar period last year. The Dar es Salaam Stock Exchange (DSE) listed cement maker…

DAR ES SALAAM: THE Tanzania Mercantile Exchange (TMX) has facilitated sale of more than 100,000 tonnes of commodities worth over 200bn/- in five years. TMX is the government institution under the Ministry of Finance established to help farmers, traders, exporters and…

ARUSHA: The Central Bank of Tanzania (BoT) warned Monday those who are holding foreign currency in secrecy, especially the US dollar, saying they are at risk of incurring huge losses. Addressing a Working Session of Board Chairpersons and Chief Executives of…

ARUSHA: PRESIDENT Samia Suluhu Hassan has presented a special award to the NMB Bank in recognition of the financial institution’s outstanding performance and contribution into the government coffers. The award was presented to the NMB Bank’s Chief Executive Officer Ruth Zaipuna…

TANZANIA Breweries Limited (TBL) has reported 42 per cent growth in net profit in the second quarter of this year boosted by significant increases in beer and spirit sales. The oldest and largest brewing company in the country which is…

THE long-term Treasury bond yields have yo-yoed in the last three years though show a steep increase in the first seven months of this year. The yields are expected to rise further as the government’s demand for public financing has…

Dar es Salaam. Although the global economy is exposed to tightened financial conditions, climate-related risks, ongoing war in Ukraine, and the cumulative effects of the Covid-19 pandemic, risks to the Tanzania’s economy remained moderate, a new report has shown. The Financial…