Shilling fall, rivalry ail cement firm

Mbeya Cement Company yesterday launched its new cement brand.It has come at a time when a new player has entered the market.

Financial market practitioners are associating the depreciation of the shilling with the strengthening of American economy, which has seen a number of currencies across the world losing value.

>The free fall of the Tanzania currency – shilling -- against the greenback to an all-time low has been the talk of the town in recent weeks. It depreciated to Sh2,015 against the dollar last week from last year’s average of Sh1,630. Even as efforts are now being made to rescue the situation, we still need thorough explanations.

>The drop of gold price in the world market, donors withholding aid funds and business loans are to blame for the fall of shilling against the US dollar, according to central bank governor Prof Benno Ndulu.

If the depreciation rate of 6.36 per cent will persist, the shilling will hit Sh3,000 per greenback in the middle of August

Mbowe allays fears over fall of Tanzanian Shilling against major world currencies
IPPmedia
The National Chairman of opposition Chama cha Demokrasia na Maendeleo (Chadema), Freeman Mbowe,has allayed fears over fall of Tanzanian Shilling against the major currencies, saying that the gradual fall actually has a positive impact on the country's ...

Tanzania Portland Cement Company Limited (TPCC) has embarked on a drive to promote the quality of building blocks, in a move meant to sustainable development of the construction sector

Cement firm donates equipment to DIT
Daily News
DAR ES SALAAM Institute of Technology (DIT)'s quest received a boost on Thursday after it received cement testing equipment for research and academic application. Lake Cement Limited donated vicat apparatus and air permeability test equipment to the ...

Tanzania Portland Cement Company (TPCC) has pledged to change its business marketing strategies from dispatching to selling of cement products to its customers across the country.