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Business News

Total Results: 4319

High NPLs: Many more banks may crumble, experts caution

Business

MORE small banks may be liquidated due to capital inadequacy as soaring default rate on loans is eating into core capital, economists are warning.

Wed May 17, 2017 More Info

TRA officials, Police seize 16 tonnes of smuggled sugar

Business

STATE agencies in Tarime on Sunday seized 16.2 tonnes of sugar that were being smuggled outside the country through Sirari border.

Wed May 17, 2017 More Info

CRDB bullish on growth despite challenges

Business

CRDB Bank remains optimistic of posting strong results this year despite policy changes that increased challenges in operations, its Managing Director, Charles Kimei has said.

Wed May 17, 2017 More Info

Lending to private sector falls to historic low level

Business

BANKS’ lending to private sector has registered a historical low level after growing by merely 3.7 per cent year-on-year ending March.

Wed May 17, 2017 More Info

Ecobank changes policies after soaring bad loans

Business

ECOBANK Tanzania said yesterday high non-performing loans (NPLs) have necessitated a change in its approach and strategy in a bid to recover from bad debt trap.

Thu May 11, 2017 More Info

TanReā€™s 2016 profit drops 50pc

Business

TANZANIA Reinsurance (TanRe) pretax profit has plummeted by almost half after total revenue increased slightly due to a loss registered on fair value last year.

Thu May 11, 2017 More Info

TMEA opens doors for local products to international market

Business

AS the government strives to improve, establish and revive industries, TradeMark East Africa (TMEA) is offering training to various local traders so that they can supply quality goods at both local an ...

Thu May 11, 2017 More Info

Vodacom, partner support Lindi school girls

Business

ABOUT 2,000 girl students in Lindi Region have been supported to stay in schools and restore their confidence during menstruation this year thanks to `Hakuna Wasichoweza,' a girls' empowerment project ...

Thu May 11, 2017 More Info

Fake insurance cover schemes haunt sector

Business

THE Managing Director of National Insurance Corporation (NIC), Sam Kamanga has emphasized to member states of the Common Market for Eastern and Southern Africa (COMESA) to ensure that hitches hamperin ...

Fri Apr 28, 2017 More Info

EAC saves $3.4m from travel expenses

Business

THE East African Community Secretariat has saved 3.4 m/ US dollar by cutting down travel expenses in 10 month period. The EAC secretariat said in a statement on Wednesday that it had significantly red ...

Fri Apr 28, 2017 More Info

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THE LATEST NEWS

High NPLs: Many more banks may crumble, experts caution
TRA officials, Police seize 16 tonnes of smuggled sugar
CRDB bullish on growth despite challenges
Lending to private sector falls to historic low level
ARM to provide chips for brain injury implants
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