2014/2015 BUDGET: As usual, be prepared to pay more for beer, wine

>Katiba Bunge has taken a break, siiigh! And… enters the actual Bunge. It means everybody should brace themselves for fun (or annoyance?) as politicians try the best to out-talk one another. More so when the TV cameras are focused on them.

hellofood Tanzania has partnered with Occasions Africa in an exciting event called “Ribs, Beer, Wine and Spirit festival”. The event will take place on Saturday October3rd2015, from 12pm-past midnight at Rainbow Club in Mbezi Beach. This event is highly anticipated and expected to bring in a large crowd of food and drink lovers from all over the city.

Announcing the partnership agreement with Occasions Africa yesterday Ms. Nina Holmes, the Managing Director for hellofood Tanzania said “We...

I need a lot of convincing to make me believe that implementation of the 2014/15 budget will not be different from what we are used to. If the budget itself has no major new innovations, I doubt if its implementation will be different.

>Finance minister Saada Mkuya yesterday tabled a budget that seeks to rein in lavish spending as it abolishes expensive tax exemptions. But even though the government promised to reduce the cost of living, the budget presented yesterday did not demonstrate clearly how the man on the street would get relief when it comes to daily household expenses.

>The government is to introduce tighter controls on public expenditure as it seeks to increase financial discipline among public officials amid dwindling revenue collections.

>The government has decided to remove tax exemption on imported furniture and introduce duties of 15 per cent on cement imports in a bid to protect local industries in the 2014/15 financial year.

>The national budget unveiled in Parliament yesterday remained largely silent on how the government was going to tackle climate change.

>The government has increased the amount of capital for foreign strategic investors from Sh32 billion ($20 million) to Sh80 billion ($50 million) in order to enable the government to allow tax exemption to essential investors who contribute to the development of the country’s economy.

>Mobile phones customers are no longer subjected to excise duty on money transfers through banks, non-bank financial institutions and telecommunications companies.