Tanesco increases power stake to 75 pc

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By Mnaku Mbani
Tanzania total electricity generated during the third quarter of last year increased from 1,550 million kwh in 2015 to 1,706 million kwh in 2016 equivalent to 10.1 percent increase.

While electricity generated by TANESCO increased by 42.3 percent, generation by Independent Power Producers (IPP) declined by 34.8 percent, according to the Q3, 2016 GDP highlights published by the National Bureau of Statistics.
During the period under review, TANESCO generated 75.2 percent of the total electricity. The remaining 24.8 percent was generated by IPP which include small scale plants.
Electricity generated from gas sources was significant as it contributed more than 50 percent of the total electricity generated during the reference period. ]
Hydro and thermal electricity generated accounted for 31 percent and 14.7 percent of the total electricity respectively.
The electrivity activity recorded a growth rate of 11.8 percent in the third quarter of 2016 compared to a negative 1.1 percent in the third quarter of 2015. The growth was attributed by increased generation specifically from gas source.

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Tanzania intra-SADC trade decline by 15 pc

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Zambian President Edgar Lungu with Magufuli By Mnaku Mbani Tanzania’s intra-SADC trade declined by 15.5 percent to USD 1,697.3 million in 2015 from the amount recorded in preceding year. The Bank of Tanzania Economic Operations and annual report for the year ended in June 2015 published mid this month this development was attributed to a decrease in both exports and imports.
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The beauty queen from Tanzania who is building a furniture empire

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Jacquiline Ntuyabaliwe MFONOBONG NSEHE , Forbes Magazine : Weaving in and out of Dar es Salaam’s grating midday traffic in her chauffeured white Mercedes S550, Jacqueline Ntuyabaliwe, a svelte 38-year-old beauty, is transfixed by an image of a dining set on her phone. With a slim, elegant finger, she prods her cellphone screen to show me the picture she’s looking at. “This is one of our pieces,” she says, pointing to the picture of a 5-piece dining set. It’s one of the items produced by Molocaho by Amorette , the furniture-manufacturing firm she recently founded. “This set was handcrafted from timber which was reclaimed from old cargo boats from the Indian Ocean along Tanzania’s coastline,” says the entrepreneur earnestly.
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Why people fail to repay VICOBA loans

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By Mnaku Mbani Large size of the families has been identified as the main reason for failure to pay back loan in VICOBA as many members having a lot of dependents in their family. This implies that large number of members in the family cannot be able to engaged in economic activities, so the loan which is obtained from VICOBA acts as the only source of income in the family to solve different issues rather than channeling in income generation so that they cannot be able to repay loan on time.
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