Dar es Salaam: THE National Housing Corporation (NHC) will for the first time in history list its bond on the stock market, with the company disclosing that it has recorded a significant rise in revenue and profit. The company’s revenue soared to 257.5bn/- in the financial year 2021/22 up from 144.4bn/- in 2020/21, equivalent to […]
Tanzania has been ranked number six as the top-performing African stock market that have displayed outstanding returns, captivating attention and admiration from the investment community. This is according to the African Financials Research, based on data available up to June 2023. With Up to 1.7 per cent, Tanzania along with BRVM Cote d’Ivoire have admirably […]
Dar es Salaam. In a remarkable display of financial prowess, the Unit Trust Tanzania Asset Management and Investor Services (UTT-AMIS) has witnessed a staggering surge in Assets Under Management (AUM) over the past four years of over 429 percent. The level of assets managed by the trust has improved from Sh290 billion recorded in 2019 to […]
THE UTT AMIS fund size has recorded historic growth of 184.94 per cent to 1.53tri/- in two years of President Samia Suluhu Hassan reign-a move which has been attributed to improved investors’ confidence in the financial markets. The government established the collective schemes to help investors particularly micro, small scale access financial markets to ultimately […]
THE Tanzania Portland Cement Plc (Twiga) has posted a pre-tax increase of 10.2 per cent in this year’s first half, thanks to production cost control measures. The oldest cement manufacturer in the country’s financial statement shows that the pre-tax profit increased to 72.02bn/- in the first six months of the year from 65.3bn/- raked in […]
FinScope Tanzania is a comprehensive financial sector demand-side survey of Tanzanian adults aged 16 years and above. It provides an understanding of the financial services uptake landscape across the country and is a reliable measure for demand and usage of financial services across various population segments. Further, FinScope Tanzania’s insights clearly present barriers and levers […]
By The Citizen Reporter Dar es Salaam. The Bank of Tanzania (BoT) has permitted an African digital payments provider, DPO Pay, to operate as a Payment Service Provider in Tanzania, the company said in a statement yesterday. The DPO is registered locally under One Payment Tanzania Limited. The company has been licensed in line with the […]
