Annual inflation decreases to 6.6pc

The annual headline inflation remained at 6 per cent last month, the National Bureau of Statistics (NBS) said in the city yesterday.

Tanzania’s annual headline inflation rate decreased to 5.9 per cent in October 2014, from 6.6 per cent recorded in September as the speed of food prices went down during the month, National Bureau of Statistics (NBS) announced in Dar es Salaam yesterday.

Tanzania annual headline inflation increased to 6 per cent in January from 5.6 per cent recorded in December, National Bureau of Statistics (NBS) has announced.

In January 2014 the National Bureau of Statistics announced that inflation in Tanzania declined in December from 6.8 per cent to 5.6 per cent.

The Dar es Salaam Stock Exchange (DSE) is now experiencing low business due to festivity and the fact that investors are shifting attention to their end-of-the-year obligations.

Government taxes and its various agencies account for close to half of the amount that Tanzanians pay on every litre of petroleum products, a development that denies the country a chance to reap massive benefits from declining global fuel prices, data shows.

From Left to Right: Hon. Lazaro Nyalandu, MP, Tanzania Minister of Natural Resources and Tourism; Jessica Joseph, Producer; Ray Parisi, Executive Producer, CNBC; Allan Kijazi, Director General, Tanzania National Parks; and H.E. Amb. Liberata Mulamula, Tanzania Ambassador to the United States.From Left to Right: Hon. Lazaro Nyalandu, MP, Tanzania Minister of Natural Resources and Tourism; Norma Spadola, Sales Director, Abercrombie & Kent; H.E. Amb. Liberata Mulamula, Tanzania Ambassador to the...

The prospects for growth in the banking industry seem bright as majority of the top players record profits towards the end of the year.

>Uchumi supermarkets recorded a 7.6 per cent increase in its profit after tax for the year ended June.