Ease rules of borrowing funds, Nagu tells banks

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The government says it is willing to advise public servants to open their accounts and receive their salaries via a number of commercial banks if the latter improve quality standard of services on competitive basis, the Deputy Minister of Finance, Mr Adam Malima, has said.

>Livestock and Fisheries Development minister Titus Kamani has called upon financial institutions to help the sector with loans that can help turnaround pastoralists’ incomes.

IPPmedia
Follow rules, regulations or suffer consequences, TFDA tells traders
IPPmedia
Unscropulous traders of fake, substandard and expired products are warned of severe legal action as Tanzania Food and Drug Authority (TFDA) gears up for another crackdown. Speaking to the Guardian over the weekend, TFDA Public relation officer ...
Tanzania closes 39 supermarketsEast African Business Week

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The recently released Controller and Auditor General (CAG)’s report reveals huge amount of unspent money meant for HIV/Aids programme during the 2012/13 Financial Year. A total of 58 councils failed to spend about Sh2.3billion.

Sobriety must prevail in borrowing
Daily News
THE marathon National Assembly session kicks off in Dodoma today and its main business will be to deliberate on the government's budget for the 2014/2015 fiscal year. Finance Minister Ms Saada Mkuya Salum said in Dar es Salaam last week, that the ...

State borrowing will continue - Malima
Daily News
THE government will continue borrowing in order to implement development projects in the country, the Deputy Minister for Finance, Mr Adam Malima, told the National Assembly here. Mr Malima told the House that the government will not stop borrowing ...

Investors are snapping up short-term Treasury bills (T-bills) after months of apathy. That means the government is increasingly borrowing funds locally.

Interbank rate fell to 4.40 per cent on Tuesday from 20 per cent early this month