Acacia share price gains by 6.90 per cent

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By Mnaku Mbani
Acacia Mining share price gained by 6.90 per cent yesterday at the Dar es Salaam Stock Exchange after falling for almost one week.The DSE market price has shown that the company share price went up to Tsh12,400 on Wednesday from Tsh11,600 recorded earlier this week.The increase of Acacia mining, which has the highest market capitalization at DSE has also pushed up the market capitalization.

The company share prices fell last week to the lowest price of about Tsh10,500 after the Tanzanian President John Pombe Magufuli announced the ban of copper concentrate exports.

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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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