Gas company rights issue oversubscribed by 33pc

Diamond Trust Bank Tanzania (DTBT) announced in the city yesterday that it managed to raise additional capital of Sh30 billion through its 3rd Rights Issue.

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A new survey conducted last year has found that 33 per cent of Dar es Salaam residents are victims of theft and another 47 per cent has seen violence or threat of violence in public.

Finally, the puzzle on the IPTL, PAP and Tegeta escrow account has been solved in Parliament amid hot debates among MPs.

Exim Bank Tanzania has announced the successful closure of its six-year retail bond which was oversubscribed by almost 100 per cent.

Swala sought to collect Sh4.8 billion to boost its working capital. However, by the close of the IPO it had collected Sh6.65 billion

Treasury bills have been oversubscribed and the borrowing costs for the government have been soaring.

LAKE GAS LTD - One of Tanzania’s fastest growing Marketing company, engaged in the importation and distribution of Liquefied Petroleum Gas (LPG), launched an innovative product – “COMPOSITE CYLINDERS” - the first of its kind in Tanzania.
In Tanzania, the usage of Metal cylinders has been the most prevalent up to now; henceforth a discerning consumer shall have a choice as to what type of cylinder best suits their family.
“This composite cylinder have very unique features, they are non...

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