Tanzania

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Dar es Salaam. Turnover at the Dar es Salaam Stock Exchange (DSE) rose by 23 percent last week, thanks to a Sh4.7 billion pre-arranged deal by foreign investors at the Tanzania Breweries Ltd counters.

The deal that involved 790, 000 shares was settled on Friday, May 26, 2023, at Sh6,000 per share, a discounted price as TBL market price stood at Sh10,900 per share.

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Unguja. Opposition Party ACT-Wazalendo on Sunday reiterated the party’s stance of calling for transparency in public spending, saying they are mandated to hold the government to account.

Summary

• The meeting look at areas that will improve the ease of doing business between the two sides of the United Republic of Tanzania.

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Unguja. With the clock ticking closer to the national budget presentation day on June 15, 2023, senior officials from the ministries of Finance for both governments have camped here to deliberate on issues such as taxation, policy and the general economy.

Summary

• NMB through its highly innovative financial solutions diligently serves the local authorities, central government and the whole country at large.

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Arusha. NMB Bank Plc said yesterday it has enabled the government to collect billions of shillings through its several digital finance channels with the government.

Summary

• One of the major challenges facing the judiciary in administration of justice is the delay of cases. The judiciary is overwhelmed by a large number of cases pending in our courts.

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Summary

• To trade under this mechanism, Tanzanian banks will have to open SRVA in India by approaching authorised Indian banks that will, in turn, approach RBI for their approval with details of the arrangement, the statement further stated.

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Dar es Salaam. Tanzania and India can minimise reliance on major global currencies and foster stable and efficient trading environment by promoting trade in local currencies, stakeholders have said.

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Environmental, Social, and Governance (ESG) considerations boast a rich heritage and have evolved through a series of disclosure frameworks.

Since the embrace of the concise acronym "ESG," this intricate concept has garnered remarkable momentum, emerging as a prominent and timely topic within the corporate scene.

ESG, entails integration of social, environmental and governance considerations into companies’ strategies to create sustained long-term value.