$1bn loss: Who’s fooling Tanzanians?

>Two camps emerged when The Citizen broke the story about the Independent Power Tanzania Limited(IPTL)takeover and the subsequent withdrawal of $122million from the Escrow account at the Bank of Tanzania.

Powerful interests are behind the boardroom wars at the National Social Security Fund (NSSF) that have turned into a vicious public battle over a Ksh5 billion project in Nairobi whose initial cost was Ksh3.3 billion in 2011.

IPPmedia
Govt issues 1bn/- for demolition of high-rise building in Dar
IPPmedia
The government has disbursed the needed 1bn/- for the demolition of the substandard 14-storey building on Indira Gandhi Street in the city centre and the work will be carried out soon, the National Assembly was told on Monday evening. The Minister of ...

The Danish International Development Agency (DANIDA) has injected USD 1.25million (equivalent to 2.1bn/-) to support the Democratic Empowerment Project (DEP) in the country. According to a communiqué released yesterday, the funds are a result of an agreement signed by DANIDA and United Nations Development Project (UNDP) on August 26, this year. The statement noted that the agreement was aimed to strengthen credibility and capacity of key institutions of democracy in Tanzania to effectively...

The UN says it needs $1bn to fight the West Africa Ebola outbreak, described as "unparalleled in modern times".

Daily News
Precision Air appeals against 1bn/- judgment
Daily News
PRECISION Air Services Limited operations are likely to be affected if the High Court Commercial Division's judgment ordering the airline to pay over 1bn/- to Unique Car Rentals and Travel Agency Limited is executed. In order to circumvent the situation, the ...

Daily News
Ghost teachers gobble 3.1bn/- countrywide
Daily News
ABOUT 3.1bn/- salaries were paid to ghost workers in the teaching sector in different dtrict councils, countrywide. Th was revealed by the Minter of State, President's Office, Public Service Management, Ms Celine Kombani,on Wednesday, when responding to ...

Bank PRO in dock over 1bn/- money laundering, fraud
Daily News
KCB bank Public Relations Officer, Hassan Jumanne Pindo, appeared before the Kisutu Resident Magistrates' Court in Dar es Salaam charged with money laundering and obtaining about 1bn/-by false pretences. Before Senior Resident Magistrate Emilius ...

As the central corridor industry and investor forum ended last week, some investors publicly declared their interest to invest in the projects involved in the transport strip.