The EconomicPost

CAPE TOWN: -- Facebook   had a strong presence at AfricaCom 2016 in Cape Town, in line with its commitment to fostering a strong relationship with its connectivity partners and application developers across Africa.

By Mnaku Mbani External debt stock reached USD 16,399.8 million at end of September 2016, a decrease of USD 71.4 million from the preceding month. This was mainly due to repayment of maturing instalments of non-concessional loans and private sector loans.

By Mnaku Mbani The current account narrowed substantially to a deficit of USD 1,912.0 million compared with a USD 4,910.7 million in the year ending August 2015.  The improvement was mostly driven by increase in exports and fall in imports.

NAIVASHA: CIOs in East Africa must work closely with their boards to invest in technology that will enable their organisations to thrive against the background of more demanding customers, digital disruption and fiercer global competition. Robust core business management systems and the cloud are key technologies in this regard.

By Mnaku Mbani A total of 4,729 new refugees have entered in Tanzania during   the period from October 31 to November 06, 2016, tThe International Organisation for Immigration (IOM) has reported. Among of the refugees entered 2,360 were males and 2,369 females. They composed of 4,527 Burundians and 202 Congolese.

DAR ES SALAAM: Tanzania’s leading specialist credit provider, Bayport Financial Services, has over the last 10 years contributed significantly to improving the lives of thousands of Tanzanians through the provision of credit. Bayport Tanzania is among ten subsidiaries of the Bayport Group that provides financial solutions to formally and informally employed individuals in emerging markets. The group’s services promote financial inclusion for people who are unable to access traditional banking services or the under-banked.

Department for International Development (DFID) has offered a £1 million (US$1.3 million) contribution which is under management of the United Nations World Food Programme (WFP), in the short term, to avoid cutting rations destined for refugees in Tanzania. WFP was about to cut rations in October for nearly a quarter of a million refugees, given its lack of funds for its refugee operations in Tanzania. Now – and for the time being at least – these operations can continue as normal.

UNITED NATIONS - Forced marriage, child labour, female genital mutilation and other practices undermining girls' health and rights threaten the world's ambitious development agenda, warns UNFPA, the United Nations Population Fund, in The State of World Population 2016 , released today.Practices that harm girls and violate their human rights -- starting at age 10 -- prevent them from realizing their full potential as adults and from contributing to the economic and social progress of their communities and nations. Without their contribution, the United Nations Agenda 2030 for Sustainable Development and its accompanying 17 Sustainable Development Goals may never be achieved.

By Mnaku Mbani Despite the reduced yields, the treasury bills floated yesterday by the Bank of Tanzania on behalf of the Government of United Republic of Tanzania were oversubscribed by Tsh52.8 billion, the auction summary has said. The summary has shown that a total of 223 bids were received but only 127 bids were successful. The weighted average yield for yesterday’s auction was 15.64 per cent lower than 15.79 per cent for the previous treasury bills floated on October 5 this year.

Dar es Salaam: The ever popular Oriental Restaurant at Hyatt Regency Dar Es Salaam introduces a new fun and energetic way to enjoy some Oriental favorites on every Saturday starts from 12:30pm to 3:00pm. The hotel’s General Manager, Mr Karl Marshall explained, “The Oriental restaurant has been loved by so many of Dar Es Salaams residents for many years, and the introduction of The Oriental Market on Saturday evenings will showcase another side of Asian cuisine in a much more relaxed environment than the weekday Oriental experience”.

From left to right: TTFA Chief Operations Officer Sayiba Tambwe Patient, TTFA Executive Secretary Captain Dieudonne Dukundane, Director General of DRC Immigration François Beya, Ambassador of DRC in Tanzania, H. E. Jean Pierre Mutamba and Deputy DG of DRC Immigration, Jean Claude during a meeting held in Kinshasa in September 5 th , 2016. By Mnaku Mbani The Government of the Democratic Republic of Congo (DRC) has announced the reduction of Visa fee for Tanzanians and Ugandans from US $100 to US $50 effective November 1 st , 2016. The decision comes just about a month after the DRC Ambassador to Tanzania his Excellency Jean-Pierre Mutamba and the Central Corridor Transit Transport Facilitation Agency (TTFA) Executive Secretary Capt Dieudonné Dukundane, Chief Operating Officer Mr. Sayiba Tambwe Patient held a meeting with DRC high level officials in Kinshasa on September 5 th , 2016.