Weak shilling eats into NMB’s profit

At the exchange rate of one US dollar to over Sh2,000, the Tanzanian shilling is at all-times low in relation to the greenback. Supply and demand theories are at the core of what is happening with the shilling

>The Tanzanian shilling has been declining and losing value in relation to major and vehicle global currencies such as the US dollar in the recent past. We have observed exchange rates of over $1 to Sh1,750. In not so a distant past, foreign exchange markets would sell the greenback at a price (exchange rate) of about Sh1,200 to Sh1,500 per $1 having risen from figures below Sh1,000 per greenback.

A weaker Tanzanian shilling reduced the net profit of the Tanzania Cigarette Company (TCC) by four per cent during the first half of this year, the firm announced yesterday.

NMB Bank posted a 28 per cent increase in net profits during the first quarter of this year, thanks to increased loans issued to customers.

Banki ya NMB imeingia makubaliano na kampuni ya Maxcom kupitia mtandao wa mawakala wanaojulikana kama Max Malipo kwaajili ya kuanza kutoa huduma za kibenki. HUduma hii itakuwa inaitwa NMB Wakala na itakuwepo kwenye kila wakala wa MaxMalipo waliotapakaa nchi nzima.
Kuingia kwa MaxCom kwenye benki ya NMB kunamaanisha kuwa NMB itazidi kupanua Zaidi mtandao wao kwa kuingia hadi vijijini tofauti na benki zingine. Kupitia mawakala wa MaxCom, wateja wa NMB wanaweza kutoa na kuweka fedha kwenye...

 Mwenyekiti wa NMB Business Club Kanda ya Temeke Bw. Ezekiel Matimo Gutti akiongea  machache  kuhusu  NMB Business Club Wilaya  ya Temeke  tangu kuanzishwa  kwake.

 Mtoa mada kuhusu kodi kutoka kampuni ya ‘Tanscott Taxation Service Ltd’ Bw. Hirji Abdallah akielezea kuhusu ulipaji wa kodi wakati wa semina ya wajasiriamali iliyondaliwa na benki ya NMB .Semina hiyo ulihudhuriwa na wanachama zaidi ya 400 wa NMB Business Club kutoka Wilaya ya Kinondoni, Ilala na Temeke hivi karibuni jijini...

Floodwater eats away Dar plots  The Citizen Daily

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