DITF: Govt to split up TIB in bid to draw Big Business

“It is the result of President Barack Obama’s visit last year that these American companies knew about Tanzania’s potentials,” says Tantrade boss Jacqueline Maleko.

The Bank of Tanzania (BoT) has issued two licenses to TIB Development Bank Limited and TIB Corporate Finance Limited, which is a designated Commercial Bank subsidiary of the former.
TIB Development Bank Managing Director, Peter Noni told the press yesterday at the 39th Dar es Salaam International Trade Fair that the licenses have been issued by BoT in June 2015 for the Development and Corporate bank to engage in development financing and commercial banking activities respectively. He said TIB...

The Zambian government has refuted reports that the Tanzania-Zambia Railway Authority (Tazara) – a joint venture between the two countries – will end on August 1, this year, to allow the two to operate the railway firm separately.

In My Book of Things, it’s never too late to take a bite or two at a mouth-watering cherry – especially one that’s invitingly dangled before one’s eyes! But, this time round, the cherry I have in mind isn’t the plum-like fruit of the ‘Prunus’ genus that’s so beloved of folk in ‘developed’ countries...

 Prime Minister Mizengo Pinda’s efforts to get the government out of the Tegeta Escrow Account mess flopped yesterday, with his impromptu Cabinet meetings bearing no fruit.

African businesses are to a great part dominated by the foreigners who have capital. Can this development change to favour Africans without affecting fair competition?

The government’s 15-year Treasury Bond (T-Bond) was yesterday under-subscribed by 42.6 per cent, forcing the Bank of Tanzania (BoT) to cancel the auction.

In South Africa, big game hunting is big business. The whole sector is worth more than $2bn (£1.3bn) a year to the country's economy, and animals can change hands at auctions for millions.

>The South Sudan government, through the ruling Sudan People’s Liberation Movement (SPLM), has extended an olive branch to rebel leader Riek Machar in a bid to end bloodshed in strife-torn South Sudan and want him “to return home”.