TIB, municipalities ink deal

 Mwalimu Commercial Bank (MCB) and a Luxembourg-based company, Intrasoft International, have inked an agreement that is geared towards the installation of a Core Banking System for the financial entity.

Tanzania Telecommunication Company Limited (TTCL) and a French global telecommunications equipment company, Alcatel-Lucent, have signed a three-year frame agreement that will see telecommunication company’s networks undergoing a transformation exercise.

Tanga Cement Company Limited (TCCL) and Tanzania Electric Supply Company Limited (Tanesco) yesterday signed an agreement.

EPZA officials say that loans from TIB will help them develop and equip EPZA investment areas with vital infrastructure so as to attract investors.

Equity Bank and Tanzania Revenue Authority (TRA) have inked a deal that enables taxpayers to remit their taxes through the financial institution’s network.

The Bank of Tanzania (BoT) has issued two licenses to TIB Development Bank Limited and TIB Corporate Finance Limited, which is a designated Commercial Bank subsidiary of the former.
TIB Development Bank Managing Director, Peter Noni told the press yesterday at the 39th Dar es Salaam International Trade Fair that the licenses have been issued by BoT in June 2015 for the Development and Corporate bank to engage in development financing and commercial banking activities respectively. He said TIB...

 Tanzania’s Equator Suma JKT will collaborate with a Polish firm - Farmer - to assemble agricultural tractors locally.

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

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