Traders scout for Sh5 billion capital to establish own bank

>In a move to respond with increased activities following the discovery of gas, Mtwara Municipal Council is finalising construction of a Sh4.96 billion sanitary landfill site, the largest ever in the country.

Scania Tanzania yesterday presented six Marcopolo viaggio 1050 buses worth $ 2.52 million (about Sh5.04 billion), to two of its clients and vowed to continue offering better services to beat its competitors.

NIC Bank Tanzania will benefit from Tzs 8.5 Billion of additional capital from the Bank’s shareholders. The funds will be disseminated in two tranches of Tzs 5.8B with the injection of additional capital from NIC Bank Kenya already done in December 2013, with the Tzs 2.7B balance from the other local shareholders of NIC Bank Tanzania expected within a period of 6 months but no later than June 2014.

“A growing financial need in this market has required that NIC Bank Tanzania further grow...

The United Nations Capital Development Fund (UNCDF) and Tanzania Private Sector Foundation (TPSF) today conducted a workshop aimed at raising awareness of small traders on accessing capital and technical skills.

Deputy Principal Secretary Local Government, Kagyabukama E.Kiliba (center) hands over a dummy check worth about one billion and seventy million (1,070,000,000) to the Director of the Kibaha Town Council, Ms. Jennifa C. Omolo (right). Left is the Director of the United Nations Capital Development Fund (UNCDF) in Tanzania, Peter Malika.

Deputy Principal Secretary Local Government, Kagyabukama E.Kiliba and Director of United Nations Capital Development Fund (UNCDF) in Tanzania, Peter Malika...

>Uchumi Commercial Bank (UCB) will increase its capital base to Sh7 billion by 2017 from Sh2.5 billion at present, the chairman of the board Wilson Ndesanjo disclosed at the weekend.

Bank Pro in Dock Over 1 Billion/ - Money Laundering, Fraud
AllAfrica.com
KCB bank Public Relations Officer, Hassan Jumanne Pindo, appeared before the Kisutu Resident Magistrates' Court in Dar es Salaam charged with money laundering and obtaining about 1bn/-by false pretences. Before Senior Resident Magistrate Emilius ...

Some shopkeepers and mobile money transfer service providers in Coast Region have suffered considerable losses through wide circulation of many fake notes of Sh 10, 000 denomination by crooks who tendered them at shops, entertainment centres during this Christmas and New Year festivities.

>Sh25 billion has been offered to Tanzanians as mortgage loans by Commercial Bank of Africa (CBA) since 2007.