Treasury bills oversubscribed by 250 pc

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By Mnaku Mbani
The treasury bills floated by the Bank of Tanzania yesterday were oversubscribed by more than 250 per cent, which indicate investors’ appetite on government securities.The TB auction results published by Bank of Tanzania has shown that the government wanted to borrow Tsh139.5 billion but Tsh506.6 billion were tendered.

The auction attracted a total of 218 bids but only 68 with a total amount of Tsh135.5 billion were successful.
This indicated that the Bank of Tanzania will now refund a total of Tsh371 billion to investors who are both individuals and corporate.
More bidders were recorded on six month and one year maturities while the three months maturity attracted no bidders.
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Tanzania intra-SADC trade decline by 15 pc

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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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