BoT shuts 15 forex shops for violating regulations

President John Magufuli has sacked four senior officials from the Prevention and Combatting of Corruption Bureau (PCCB) for travelling abroad without permission.

South Sudan rebels yesterday accused the army of violating a ceasefire, just hours after it came into effect, by bombarding their positions along the White Nile river.

Industries, commercial workers union accuses leaders of violating constitution
IPPmedia
Tanzania Union of Industries and Commercial Workers (TUICO) is calling on the Registrar of Trade Unions in the country to intervene in Trade Union Congress of Tanzania (TUCTA) leadership matters to enforce compliance to the Union's constitution.

The government has been advised to repeal the 2008 law which allows foreign currency usage locally in a bid to prevent ‘dollarisation’ from taking root in the country.

The Nigerian central bank has imposed new foreign exchange controls to try to stem the flow of dollars out of the country

>Tanzania is having difficulties in generating foreign exchange earnings.

Why has the shilling been falling inexorably against currencies of major trading partners in recent months? Why has Tanzania failed to take advantage of its less expensive commodities to increase exports to earn more forex?

The manufacturing sector has overtak­en gold in generating foreign exchange earnings.

Arusha. Former Bank of Tanzania (BoT) Governor Edwin Mtei, yesterday advised the central bank to use foreign currency reserves in a bid to prevent the shilling from depreciating further against the greenback.