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BANK OF AFRICA-TANZANIA, Head of Retail Banking, Mr. Kaisha Boge, speaks in Dar es salaam last week, during the launching of VISA cards, TOUCAN Pre-paid and Proxima Debit cards to cater for the ever growing digital payment needs. Looking on the left is the Bank’s Marketing manager, Research and Development Mr. Muganyizi Bisheko and on the right is the Head of e-banking and alternative channels Mr. Emmanuel Mshindo

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Kibo inches closer to completion of gold assets sale to Opera

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J OHANNESBURG (miningweekly.com) – The proposed sale of dual-listed Kibo Mining ’s northern Tanzania -based gold assets, Imweru and Lubando, to London -listed Opera Investment , is one step closer to completion, after the projects ’ resources were upgraded. The two companies in September signed a heads of agreement for the unloading of Kibo’s wholly-owned UK subsidiary Sloane Developments for 61-million Opera shares of 1p issued at a price of 6p apiece.
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Tanzania inflation jump to 6.4 pc

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By Mnaku Mbani The Tanzania annual headline inflation rate for the month of March, 2017 has increased to 6.4% from 5.5% recorded in February, 2017, the National Bureau of Statistics has said in its March report published today.The Annual Headline Inflation Rate for the year ending March, 2017 explains that, the speed of price increase for commodities in the year ending March, 2017 has increased as compared to the speed of price increase recorded for the year ended February, 2017.
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DSE all share index down

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By Mnaku Mbani The Dar es Salaam Stock Exchange (DSE) All Shares Index (DSEI) closed at 2,273.06 yesterday, down by 18.60 per cent when compared with Wednesday. The fall of the DSEI, which calculate the performance of all locally listed and cross listed companies was a result of fall of some share prices including East African Breweries Limited which dropped by 3.39 per cent, KCB Limited by 3.70 per cent and NMG price which fell by 2.14 per cent.
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