Business

Acacia Shares Dip 30% Following Ban On Gold, Copper Export

acacia

Acacia Mining shares dipped by 30 percent following the accuse from Tanzanian government the company had not fully declared all the minerals in its shipments. Formerly known as African Barrick Gold, the company however claims nothing has been in hiding and they pay all the appropriate royalties and taxes to the government on all the minerals they produce. Tanzania banned ...

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Lagos Government Denies Officials Involved In Demolition Of Sabo Market

sabo market

Once again the Lagos government has confirmed its officials were in no way involved in the Sabo market demolition on Itoikin road in Ikorodu in the state. Armed police officers started the demolition work on Thursday night and goods worth millions of naira were lost. Commissioner for Information and Strategy, Steve Ayorinde, said the next day the Sabo market demolition ...

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South African Economy Run By Minorities: Dlamini-Zuma

The economy of South Africa is run by minorities, claims African National Congress (ANC) presidential Hopeful Nkosazana Dlamini-Zuma while addressing the ANC cadre Assembly Thursday in the Free State. Dlamini-Zuma added ANC will ensure the trend to change as majority is not a part of the mainstream economy. She was addressing to the supporters who marched last week against President ...

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Tanzania Removes Cash Crop Levies

Tanzanian Prime Minister Kassim Majaliwa unveiled budget estimates of his office for the 2017/2018 fiscal year revealing abolishment of levies and fees on cotton, tea, coffee and other cash crops. Majaliwa said this will boost up the agricultural sector and it is in line with the pledge of current government to farmers. The government had earlier improved the warehouse receipt ...

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Tanzania Increases Petrol, Diesel Prices

petrol price

Higher costs of crude and petroleum refined products in the international market has led to rise in maximum retail prices of both petrol as well as diesel in Tanzania. The weak local currency too has added fuel to fire, expecting to put further northward pressure on inflation. In February the fuel prices rose to 5.5 percent compared to 5.2 percent ...

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When You Need Bill Consolidation

When You Need Bill Consolidation

You may come across dozens of advertisements who market the benefits of bill consolidation and try to lure you with several attractive offers like lower interest rate and quick approval. However, you should not take lightly the decision to consolidate your bills despite all such flashy commitments made by companies. A bill consolidation plan is the best alternative to overcome ...

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Copper Concentrates Export To Be Reviewed: Magufuli

john magufuli

Tanzanian President John Magufuli said Sunday to be reviewing the mining contracts with foreign companies aiming to improve the documentation of copper concentrates export for the benefit of the country. A day before Tanzania Ports Authority (TPA) impounded more than 260 export-bound shipping containers with the help of security agents in Dar es Salaam. All the containers were sealed with ...

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