Seven year treasury bonds undersubscribed

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By Mnaku Mbani
The seven year treasury bonds floated on Wednesday by the Bank of Tanzania were undersubscribed, which indicated the movement of investors from securities to equities.
The Bank of Tanzania auction results shows that a total of 85 bids were received but only 37 were successful.The Bank of Tanzania planned to collect Tsh138 billion from the sale of the bonds but only Tsh96.9 billion were tendered. At the end of the auction, and only Tsh15.56 billion were successful.

Financial analysts say the low subscription of the bond was a result of movement of investors from securities to equities as two companies were currently floating their shares including Vodacom Public Initial Offer (IPO).

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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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