The EconomicPost

Dar es Salaam: The Prime Minister of Tanzania, His Excellency Kassim Majaliwa officially graced the inauguration of His Highness The Aga Khan’s Diamond Jubilee with the Shia Imami Ismaili Council for Tanzania. At the Diamond Jubilee grounds in Upanga, Dar es Salaam, Prime Minister Majiliwa officially revealed the Diamond Jubilee motif to the Tanzanian public.

Gouvieux, France: His Highness the Aga Khan will mark his Diamond Jubilee, or 60th year as the 49th hereditary Imam (spiritual leader) of the world’s Shia Ismaili Muslims.  This worldwide celebration brings together the global Ismaili community, partners of the Aga Khan Development Network (AKDN), and government and faith community leaders in over 25 countries.11 July begins a year of milestone announcements by the Aga Khan for a global commitment to partnerships based on the principles of ethics in action, peace and pluralism. His Highness Aga Khan Over the past six decades, the Aga Khan has transformed the quality of life for millions of people around the world. In the areas of health, education, cultural revitalisation, and economic empowerment, he has worked to inspire excellence and improve living conditions and opportunities in some of the world’s most remote and troubled regions. In Islam’s ethical tradition, religious leaders not only interpret the faith but also have a r

The global economy is projected to increase to 3.5 percent in 2017 and 3.6 percent in 2018, compared with 3.1 percent in 2016, supported by a rebound in growth in the advanced and emerging market economies . 

The quality of the banking sector’s assets in Tanzania deteriorated after the ratio of non-performing loans to gross loans (NPLs), recorded an increase of 2.6 per cent to 10.8 percent at the end of April 2017 from 8.2 percent recorded at the end of April 2016. The Bank of Tanzania monetary policy statement for June has said the central bank has continued to implement prudential measures to strengthen risk management practices in the financial sector and has directed banks with high NPL ratios to formulate and implement strategies to bring the ratio to at most 5 percent, and encouraged them to increase use of the existing credit reference system to reduce risks. The central bank has also directed banks to maintain capital conservation buffer and implement capital charge over operational risk, with effect from August 2017. During the period under review, clearing, payment and settlement systems continued to operate efficiently with general increase in access and usage. The stateme

Tanzania External debt stock increased by 3.4 percent to USD 17,802.6 million at the end of April 2017, from USD 17,222.8 million recorded at the end of June 2016. The Bank of Tanzania Monetary Policy Statement for June 2017 has said out of total external debt stock, 80.3 percent was public debt. 

PERTH (miningweekly.com) – Graphite developer Walkabout Resources on Thursday told shareholders that it would review the definitive feasibility study (DFS) results for its Lindi Jumbo project , to assess the impact of the Tanzanian government’s legislative changes on the project economics.