TCCIA News and Events Blog

Tanzania exported tobacco worth Sh239 billion ($184.07 million) between September 2008 and October 2009. 5.8
per cent and cloves three per cent.
The government is encouraging farmers to increase output from 58,702 tonnes in 2008/9 to 60,000 tonnes in 2009/10.
Main tobacco buyers and exporters include the Tanzania Leaf Tobacco Company, Alliance One and Premium Active Tanzania
The crop earnings have outstripped those of cotton.

The country earned $504.3 million from exporting tobacco, coffee, cotton, cashew nuts, tea and cloves during the period.

Tobacco accounted for 36.5 per cent of traditional exports, the Bank of Tanzania�s economic review for November 2009 showed.
But the World Health Organisation (WHO) reports that tobacco use causes 5.4 million deaths around the world each year, mainly from cancer and heart diseases.

It warns that the number of deaths will rise to 8 million annually by 2030 unless urgent action is taken.

Overall, about four per cent of Africans are smokers.
But the rate is much higher in some countries. At least 20 per cent of men use tobacco in Algeria, Burkina Faso, Comoros, Gambia, Kenya, Mauritania, Mauritius, Mozambique, Namibia, S�o Tom� and Pr�ncipe, South Africa, Tanzania, and Zimbabwe, according to WHO data.

Women in Africa smoke less than men, but female smoking already exceeds eight per cent in Burkina Faso, Comoros, Namibia, S�o Tom� and Pr�ncipe and South Africa.

Smoking costs the UK�s National Health Service five times as much as previously thought, Oxford University researchers have calculated.

Reports show that Tanzania collected Sh340 billion in taxes from tobacco in the last five years.
It garnered Sh52 billion in 2003/4 and Sh90 billion in 2007/8.
�During the year ending October 2009, the value of traditional exports increased by 31.8 per cent to $504.3 million from the level recorded during the corresponding period in 2008, largely due to a rise in export volumes of coffee, tobacco and cloves,� read the BoT review.
In its November 2008 review covering September 2007 and October 2008, tobacco was in the second position and accounted for 18 per cent of traditional exports worth $375.1 million.
But in the year ending October 2009, cotton accounted for 21.4 per cent of traditional exports, followed by coffee at 23.2 per cent, cashew nuts at10.2 per cent, tea at 5.8 per cent and cloves three per cent.
The government is encouraging farmers to increase output from 58,702 tonnes in 2008/9 to 60,000 tonnes in 2009/10.
Main tobacco buyers and exporters include the Tanzania Leaf Tobacco Company, Alliance One and Premium Active Tanzania.

Source – the Citizen

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The Tanzania Investment Centre (TIC) has called on enterprises to capitalise on trade and investment symposia to strike business deals.

�It�s high time members of the business community seriously exploited the opportunities that come with symposia,� TIC executive director Emmanuel ole Naiko said in Dar es Salaam at a ceremony to present computers to St Patrick Secondary School in Dar es Salaam.
TIC donated the computers.

He was referring to business executives who accompanied President Jakaya Kikwete on a trip in Turkey.
While in Ankara, they will take part in a symposium on business and investment to promote bilateral trade.

Mr ole Naiko said the Tanzanian delegation would promote tourism, agriculture and manufacturing in Turkey.

Source -The Citizen

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Internet users, connected to Sasatel, a new entrant in the telecommunications industry, can access free internet services for one week this months, thanks to the company’s Valentine’s campaign launched yesterday.

The Sasatel Marketing Manager, Derick Byarugaba said in a statement yesterday that the Valentine�s offer will also allow new Sasatel customers to enjoy price discounts on all Sasatel phones and modems.

Customers can access the free internet offer by buying the Sasatel internet enabled products that include the USB Modem, the Fixed Wireless Phone or the Music phone from any of the Sasatel shops or Sasatel dealers.

“Our mission is to deliver reliable and fast internet to Tanzanian businesses as well as homes,” said Byarugaba.

The company which started its operations in Tanzania last year, now covers the entire Dar es Salaam region and has plans to roll out to regional cities and towns in the near future.

Source – The Citizen

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The year-on-year inflation rate fell to 10.9 per cent last month from 12.2 per cent the previous month because food prices eased, the National Bureau of Statistics (NBS) has reported.

Food carries a heavy weighting in the basket of goods that is used to calculate inflation.
Year-on-year food prices fell to 11.3 per cent in January from 14.5 per cent the previous month.

Food prices rose by 1.9 per cent in January from a month earlier, contributing to an overall 1.7 per cent rise in the consumer price index (CPI).
“The increase was highly attributed to rises in kerosene and charcoal prices by 4.8 per cent and food prices by 1.9 per cent,” the NBS reported.

Among food items whose prices rose were cereals, sweet potatoes, green bananas, vegetables, fish, beans, cowpeas, sugar, groundnuts and coconuts.
The non-food inflation rate rose to 10 per cent from 8.6 per cent in December. Items in the category whose prices rose were furniture, household equipment and educational materials.

However, economists forecast a sharp drop in the rate sometimes in April when the government adopts the new methodology for calculating inflation.

Under the new calculation the weight of food has been brought down to 44.3 per cent of the CPI basket from 55.9 per cent.
According to experts, the adoption of the new formula has been delayed because the World Bank and the International Monetary Fund are yet to approve it.

Source – The Citizen

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Zantel has opened sites for subscribers to charge mobile phones free of charge.
�There are 48 sites and Zanzibar residents can charge their phones free of charge in our towers until the power crisis is resolved,� said commercial director Konrad Mostert.

The relief comes at a time when power outages are hitting the isles.

�The power crisis is affecting all of us, but since we are able to help our subscribers we will continue to do so to ensure that the business is not affected,� he said.

According to public relations manager Sharon Costa, the charging sites are allocated at Tunguu, Kitogani, Kijito Upele, Paje, Jambiani, Makunduchi, Chwaka, Dunga, Mazizini, Blue bay, Bububu, Bumbwini, Donge, Kizimkazi, Mahonda, Mkwajuni, Nguli, Nungwi, Kilindi, Kinyasini, Mfenesini, Ocean Paradise, Chukwani, Karakana, Kihinani, Koani, Lumumba, Matemwe and Meya.
Others are at Migombani, Mtoni, Tomondo, Vuga, Wireless, Masingini, Fuoni, Kizimbani, Mombasa, Michamvi, Uroa, Uzini, Hamamni, Madema, Nyerere, Ziwatuwe, Daraja Bovu, Jangombe and Mpendae.
Zanzibar is also facing a shortage of clean and safe water. To alleviate the problem, Zantel supplies at least 21,000 litres of water in urban areas.

The company is also working with the Zanzibar Water Authority to erect billboards at water points to ensure proper use of the resource.
The project is funded by the UN-Habitat and Google.

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Zantel has opened sites for subscribers to charge mobile phones free of charge.
�There are 48 sites and Zanzibar residents can charge their phones free of charge in our towers until the power crisis is resolved,� said commercial director Konrad Mostert.

The relief comes at a time when power outages are hitting the isles.

�The power crisis is affecting all of us, but since we are able to help our subscribers we will continue to do so to ensure that the business is not affected,� he said.

According to public relations manager Sharon Costa, the charging sites are allocated at Tunguu, Kitogani, Kijito Upele, Paje, Jambiani, Makunduchi, Chwaka, Dunga, Mazizini, Blue bay, Bububu, Bumbwini, Donge, Kizimkazi, Mahonda, Mkwajuni, Nguli, Nungwi, Kilindi, Kinyasini, Mfenesini, Ocean Paradise, Chukwani, Karakana, Kihinani, Koani, Lumumba, Matemwe and Meya.
Others are at Migombani, Mtoni, Tomondo, Vuga, Wireless, Masingini, Fuoni, Kizimbani, Mombasa, Michamvi, Uroa, Uzini, Hamamni, Madema, Nyerere, Ziwatuwe, Daraja Bovu, Jangombe and Mpendae.
Zanzibar is also facing a shortage of clean and safe water. To alleviate the problem, Zantel supplies at least 21,000 litres of water in urban areas.

The company is also working with the Zanzibar Water Authority to erect billboards at water points to ensure proper use of the resource.
The project is funded by the UN-Habitat and Google.

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Source – The citizen

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KCB Tanzania has set aside Sh150 million to support community projects.

This is in line with the bank’s corporate social responsibility (CSR) for supporting education, health and environmental projects.

“It is our SCR programme to give back to the community a portion of what we earned to create a good image and good relationship in the community,� the KCB head of marketing and corporate affairs, Ms Christina Manyenye, said at the handover of the Sh4.3 million equipment to the Buguruni Health Centre in Dar es Salaam.

KCB board chairperson Janet Mbene hoped that the pieces of equipment including an ultra-sound printer and an oxygen concentrator would improve service delivery.
KCB has given priority to education, health and environment because they are key for development.

She said KCB would continue to support the community financially and materially.

She urged the hospital to create a business plan to enable it to borrow funds from commercial banks.

The hospital�s chief medical officer, Ms Mwajuma Mbaga, thanked KCB for its donation.
“The donation will reduce the acute shortage of equipment that hinders the delivery of services,” she said. �It will reduce queues at the Amana District Hospital.�

The centre serves between 650 and 700 people daily. Costs are shared by the centre and patients.

She called on other companies to support the centre.

Mnyamani councillor Magina Lufungulo said the goal was to see the centre upgraded to serve the entire Ilala District.

KCB has 200 branches in Kenya, Tanzania, Uganda, Rwanda and Sudan.

Source – The Citizen

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The year-on-year inflation rate fell to 10.9 per cent last month from 12.2 per cent the previous month because food prices eased, the National Bureau of Statistics (NBS) has reported.

Food carries a heavy weighting in the basket of goods that is used to calculate inflation.
Year-on-year food prices fell to 11.3 per cent in January from 14.5 per cent the previous month.

Food prices rose by 1.9 per cent in January from a month earlier, contributing to an overall 1.7 per cent rise in the consumer price index (CPI).
“The increase was highly attributed to rises in kerosene and charcoal prices by 4.8 per cent and food prices by 1.9 per cent,” the NBS reported.

Among food items whose prices rose were cereals, sweet potatoes, green bananas, vegetables, fish, beans, cowpeas, sugar, groundnuts and coconuts.
The non-food inflation rate rose to 10 per cent from 8.6 per cent in December. Items in the category whose prices rose were furniture, household equipment and educational materials.

However, economists forecast a sharp drop in the rate sometimes in April when the government adopts the new methodology for calculating inflation.

Under the new calculation the weight of food has been brought down to 44.3 per cent of the CPI basket from 55.9 per cent.
According to experts, the adoption of the new formula has been delayed because the World Bank and the International Monetary Fund are yet to approve it.

Source – The Citizen

info Uncategorized

The year-on-year inflation rate fell to 10.9 per cent last month from 12.2 per cent the previous month because food prices eased, the National Bureau of Statistics (NBS) has reported.

Food carries a heavy weighting in the basket of goods that is used to calculate inflation.
Year-on-year food prices fell to 11.3 per cent in January from 14.5 per cent the previous month.

Food prices rose by 1.9 per cent in January from a month earlier, contributing to an overall 1.7 per cent rise in the consumer price index (CPI).
“The increase was highly attributed to rises in kerosene and charcoal prices by 4.8 per cent and food prices by 1.9 per cent,” the NBS reported.

Among food items whose prices rose were cereals, sweet potatoes, green bananas, vegetables, fish, beans, cowpeas, sugar, groundnuts and coconuts.
The non-food inflation rate rose to 10 per cent from 8.6 per cent in December. Items in the category whose prices rose were furniture, household equipment and educational materials.

However, economists forecast a sharp drop in the rate sometimes in April when the government adopts the new methodology for calculating inflation.

Under the new calculation the weight of food has been brought down to 44.3 per cent of the CPI basket from 55.9 per cent.
According to experts, the adoption of the new formula has been delayed because the World Bank and the International Monetary Fund are yet to approve it.

Source – The citizen

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Ecobank Group will realign itself to consolidate and optimise operations.

That will include targeting domestic banking businesses serving consumers, governments, and small and medium-scale enterprises.

The portfolio will also involve serving multinationals, regional companies, multilateral organisations and public corporations.

A statement notes that another portfolio will consist of a treasury, investment banking and asset management unit which will focus on financial markets and investors.

Such business lines will be supported by independent risk management and finance functions, and a stronger technology infrastructure.

Chief executive Arnold Ekpe said it was important to consolidate, re-tool and re-engineer the group for long-term profitability.

�The reorganisation is part of a wide-ranging review carried out with the assistance of international consultants, to respond to a changed banking and economic environment globally.

�In addition to the refreshing the organisation, we have identified key initiatives in different areas of the bank that we are confident will translate into strong performance and superior shareholder value.�

The group is also in the final stages of a re-branding programme, and is taking advantage of current market conditions to strengthen middle and senior levels of management.

Ecobank built a network of over 750 branches and offices across 32 African countries in the last five years.

Source – The Citizen

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Ecobank Group will realign itself to consolidate and optimise operations.

That will include targeting domestic banking businesses serving consumers, governments, and small and medium-scale enterprises.

The portfolio will also involve serving multinationals, regional companies, multilateral organisations and public corporations.

A statement notes that another portfolio will consist of a treasury, investment banking and asset management unit which will focus on financial markets and investors.

Such business lines will be supported by independent risk management and finance functions, and a stronger technology infrastructure.

Chief executive Arnold Ekpe said it was important to consolidate, re-tool and re-engineer the group for long-term profitability.

�The reorganisation is part of a wide-ranging review carried out with the assistance of international consultants, to respond to a changed banking and economic environment globally.

�In addition to the refreshing the organisation, we have identified key initiatives in different areas of the bank that we are confident will translate into strong performance and superior shareholder value.�

The group is also in the final stages of a re-branding programme, and is taking advantage of current market conditions to strengthen middle and senior levels of management.

Ecobank built a network of over 750 branches and offices across 32 African countries in the last five years.

Source – The Citizen

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