East African Stock Exchanges suffer due to Covid-19 panic

TRADING on East African stock exchanges has been hit by the impact of the coronavirus pandemic to register low turnover and market capitalisation records in recently days. The three exchange indices- Dar es Salaam Stock Exchange (DSE), Nairobi Securities Exchange (NSE) and Uganda Securities Exchange (USE)-started to show plunging sign at the beginning this month’s […]

Tanzania: Total Market Capitalisation Down As Major Indices Decline During the Week

THE Banking, Investment and Finance index fell by 2.23 per cent at the bourse while the underlying securities contributed about 82.11 per cent of total weekly turnover after CRDB contributed 56.14 per cent of the total weekly turnover, NMB contributed 18.54 per cent of the total weekly turnover and DSE contributed about 7.43 per cent […]

Tanzania: Agriculture Fraternity in Key Meeting

Agricultural sector stakeholders converge in Dodoma tomorrow for the 4th Annual Agricultural Policy Conference (AAPC)  that will deliberate on ways to improve its contribution to the economy. It will evaluate the outcomes of last year’s discussions on the subject and propose a new policy for implementation. Speaking in Dar es Salaam yesterday, Prof David Nyange from […]

Tanzania: Private Sector Credit drop cuts Banking profits

Commercial Bank of Africa (BOA) has said the slight drop in profits by 14.6 per cent in the cumulative year ending in December 2017 compared with the same period in 2016 was due to a decline in overall credit to the private sector. Last year profit after tax decreased to Sh3.1 billion in 2017 from […]

Bank of Tanzania looking to increase depositors protection from $660

THE Bank of Tanzania (BoT) is considering to review deposit payoffs after when a bank collapses to ensure depositors get more from their deposits. The central bank, through Deposit Insurance Board (DIB), currently pays a maximum amount of 1.5m/- per depositor if a bank goes under. The amount was last reviewed eight years ago. The […]