Study on illicit funds flows to be ready next year: BoT

>A Washington DC-based non-profit organisation that conducts research on national and multilateral policies has called upon the Obama Administration and Heads of State from across Africa to prioritise efforts to curtail illicit financial flows from the continent.

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...

Environmental stakeholders today met in Dar es Salaam for the launch  of a national study focusing on climate change.

Civil society wants the government to immediately suspend its plans to explore uranium mining, citing health hazards Tanzania is not in a position to deal with.

Tanzania is now in the final stages of preparing a regulatory framework to allow insurance companies to offer Islamic products.

The recently released Controller and Auditor General (CAG)’s report reveals huge amount of unspent money meant for HIV/Aids programme during the 2012/13 Financial Year. A total of 58 councils failed to spend about Sh2.3billion.

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

`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 ...