How officials pocketed Sh12bn from bonds deal

Another mega corruption scandal surfaced yesterday following revelations that government officials pocketed $6 million (over Sh12 billion) in bribes for a treasury bond deal with a UK bank.

TheCitizen

Habari Zinazoendana

9 years ago

TheCitizen

03 Dec

How Sh12bn bribery was pushed through

A meeting in the US between the then Tanzania Revenue Authority (TRA) boss Harry Kitilya and socialite Shose Sinare began the events that would lead to the Sh12 billion bribery scandal now at the centre of a government investigation, it has emerged.

 

9 years ago

TheCitizen

02 Dec

The names behind Sh12bn bribery scandal

The faces behind the over Sh12bn ($6 million) bribe payout in a 2013 government loan deal can be revealed today.

 

10 years ago

TheCitizen

20 Sep

Tz blocks Malawi from burning Sh12bn ivory

Tanzania on Friday successfully blocked Malawi from burning 2.6 tonnes of ivory worth Sh11.6 billion ($5.815 million) smuggled across the border, arguing the tusks would be used as evidence during prosecution against poaching suspects.

 

10 years ago

TheCitizen

15 Sep

Sh12bn water project inaugurated in Z’bar

Thousands of Zanzibar residents will now have access to clean and safe water, thanks to the completion of a project to drill 100 water wells.

 

11 years ago

TheCitizen

09 Sep

TRL receives Sh12bn loan to revive operations

>Tanzania Railway Limited received Sh12 billion from the Tanzania Investment Bank (TIB) to boost its running capital and hence improve operations.

 

9 years ago

TheCitizen

02 Dec

Act on Sh12bn scam to deliver clear message

Another corruption scandal involving a number of top ranking officials in the government and the private sector is unfolding. It has emerged that some public officials, in collusion with others not in government, pocketed Sh12 billion as kickback in a treasury bonds deal with a UK bank.

 

11 years ago

TheCitizen

11 Feb

Investors scramble for T-Bonds

Investors’ appetite for long term government securities was high last week despite a fall in yields as commercial banks sought to put their cash in risk-free avenues, depriving the risky production sector of their much-needed loans.

 

11 years ago

TheCitizen

12 Jun

Issue bonds, municipalities urged

Local authorities should issue bonds to finance their development projects, experts say.

 

10 years ago

TheCitizen

09 Apr

Red tape feared in municipal bonds

Dar es Salaam. It is not clear when Tanzania’s municipalities and other local councils will start raising capital from capital markets as they are worried by the bureaucratic challenge in the central government.

 

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