Issue bonds, municipalities urged

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

>The TIB Development Bank and the Prime Minister’s Office Regional Administration and Local Government (PMORALG) have signed a memorandum of understanding (MoU) that will see the former financing infrastructure projects at local government level.

>Regional commissioner Said Mecky Sadick has said more than Sh200 million has been set aside to combat dengue fever.

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.

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.

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.

>Lack of local governments’ participation at the Dar es Salaam Stock Exchange (DSE) through municipal bonds denies them opportunity to raise enough funds for implementing development projects in the municipal and district councils.

Duke Today
Lowly 'New Girl' Chimps Form Stronger Female Bonds
Duke Today
Chema and Rumumba, two low-ranking immigrant female chimpanzees, take turns grooming each other in Gombe National Park, Tanzania. A Duke study finds that low-ranking female chimps prefer to socialize with other females of similar status. Photo credit: ...

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