EU’s banks on the mend: study

There have been reports of Tanzanian pupils who have been admitted to Form One, only for their new teachers to discover they can neither read nor write. Employers complain of receiving incomprehensible job application letters penned by university graduates. Everyone craves good grades, but few are keen to burn the midnight oil to earn them.

There is a famous English adage that goes, “All is well that ends well,” but this Parliamentary session started sluggishly, then picked up pace when the issue of IPTL and Tegeta Escrow Account saga were being discussed. However, it ended in shame.

The past four days have not been good for businesses, which is understandable. Many businesses remained closed on Sunday when Tanzanians went to the polls. Similarly, on Monday and, to some extent on Tuesday, Dar es Salaam and other major urban areas were not as busy as they normally are as many residents remained indoors to follow election results on radio and TV.

Tanzania Mortgage Refinance Company Limited (TMRC) - a private sector institution owned by the banks with sole purpose of supporting banks to do mortgage lending - has extended Sh34 billion worth of loans to its members during the past three years.

It is hard to push the growth of e-commerce in Africa especially when the key element, which is internet access, is still a problem. There are many factors holding back the development of e-commerce and online business in Africa including the need a much more developed financial infrastructure.

The chart below shows internet penetration % worldwide. Notice how it is very low in most of Africa.

According to Ndekia S. Maghimbi, who deals with Marketing  & Partnerships at Kaymu Tanzania, “If...

Deputy Governor, Bank of Tanzania, Financial Stability and Access, Lila Mkilla delivering a key note address to invited dignitaries during the launching of GIS Census of Financial Access Points 2013 at the Central Bank Conference Centre in Dar es Salaam.(All Photos by Zainul Mzige).

.Over 12 million Tanzanians are now using mobile financial services- Survey

By Damas Makangale, MOblog Tanzania

THE National Financial Inclusion Framework (FINSCOPE) 2013 has shown that more than half of the...

Maria Ramos, Chief Executive, Barclays Africa Group
JOHANNESBURG-headquartered Barclays Africa Group has said it will continue controlling two competing independent banks in Tanzania for the foreseeable future, raising questions about the efficiency and cost of running two banks in one country. The arrangement in Tanzania also raises questions about Barclays’ "One Bank in Africa strategy". Barclays Africa Group, which is headed by Maria Ramos, owns a majority stake in National Bank of...

One cannot define a noun by its adjective. Only the dictionary approach explains fairness as “the quality of being fair.”

With innovation most banks are likely to grow and be able to increase their capital base to enhance stability