Liquidity improves as interbank rates stabilizes

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By Mnaku Mbani
Liquidity levels on financial markets have continued to improve after the inter-bank rates stabilized to seven per cent over the last two weeks.
The bank of Tanzania reports have shown that the inter-bank rates fell to the lowest level of seven per cent in February 23, the lowest in fourteen months.
Analysts in financial markets say the slow of inter-bank rate was the result of improvement of liquidity level, which have also seen in other financial markets including equities and government securities.

The bank of Tanzania reports shows that the inter-bank rate stabilized at the rate of seven per cent over the last two weeks, from 17 per cent recorded during the last week of December last year.

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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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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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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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