Hopes of equity rally high after lifting curbs on DSE

>The government has approved the opening of  the capital account to remove foreign restrictions in the local capital markets.

>Non-Tanzanian investors may take longer than expected to start buying government securities as the capital markets regulator has yet to give the go-ahead for foreign participation.

The performance of the Dar es Salaam Stock Exchange (DSE) may recover soon after consecutively falling in the past two weeks, a stock market broker has predicted.

As the first meeting of the 11th parliament starts next week in Dodoma expectations are high that MPs performance this time will meet expectations.

Preparations for the third Arusha Gemstone Fair (AGF) have been finalised and it will once again showcase its great potential for gemstones, now contributing significantly to national earnings. Organisers say local participants are expected to strike sales exceeding Sh6.9 billion generated during last year’s show, which enabled the government to earn S.227.4 million royalties.

Home to many Islamic and Christian holy sites, hopes a visit this month by Pope Francis (pictured) will promote religious tourism and boost an industry hit hard by regional turmoil.

The government has called on traders to export foodstuffs held in storage as huge harvests for 2013/14 season will lower produce prices, harming farmers.

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Tanzania officials in Dallas say lifting ivory import ban would actually help ...
Dallas Morning News
Officials from Tanzania visited Dallas on Thursday to discuss the country's issues with poaching, including the U.S. ban on imported ivory. Lazaro Nyalandu, Tanzania's minister of natural resources and tourism, and several other officials met with ...