Plea to curb illicit money flows

Stunned by the revelation of gross money laundering and tax evasion involving some Tanzanians, the Bank of Tanzania (BoT) is conducting a study on illicit financial flows to determine the extent of the problem, a senior official has said.

How is it that some of the countries endowed with enormous natural resource wealth — like Angola with its huge oil supply, Zambia with its massive copper reserves, or the Democratic Republic of the Congo with its vast mineral deposits — remain some of the poorest nations in the world?

On the Left: Mr. David Robinson, ‎Deputy Director, African Department at International Monetary Fund (IMF); in the middle: Mr. Armando Manuel, Chair of the African Caucus and Minister of Finance of Angola.

*The forum assembles more than nineteen Ministers of Finance and fourteen Governors of the Central Banks

The development of the continent continues to be affected by insufficient resources.

The President of the African Group and Minister of Finance of Angola, Armando Manuel, declared in...

Ahead of its summit in June, the AU has elevated the stemming of illegal transfer of capital as a top priority.

Tanzania will fully open its capital markets next year, a senior government official has said.

>Health centres countrywide can access vital information on human medicines from the Medical Stores Department (MSD) within 12 hours after the installation of the national fibre optic network in eight zones and two sales centres.

`Development projects cash flows back to Treasury`
IPPmedia
A total of Sh188bn equivalent to 55 percent of money provided by the central government in 2011/12 fiscal year for different development projects was returned to the Treasury for failing to be used as intended. The statistical information was disclosed by the ...

IPPmedia
Media urged to ensure information flows on Constitution review process
IPPmedia
Media outlets in the country have been urged to keep the public well informed about the constitutional making process as their contribution to making the document known and inclusive. Uvinza District Commissioner, Khadija Nyembo made the call here ...

The United Nations has initiated “engagements” with Kenyan authorities regarding possible involvement of Kenyan troops in illicit exports of charcoal from Somalia, the United Kingdom’s UN envoy said on Friday.