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Articles by Defiant Namungo
Tanzania: Bank, Insurance Firms' Partnership Push Up Industry to New Milestone
THE contribution of insurance industry into the economy will register new milestone following banks move to step out of its core banking services and entering into partnerships with insurance companies thus pushing up insurance penetration in the country. Currently, Tanzania has the lowest insurance penetration in East Africa, which stands at less than 1 per cent.
Tanzania: Dar Exchange Market Maintains Downward Trajectory
THE market maintained a downward trajectory after the Tanzania Share Index (TSI) lost 15.01 points during the week that ended on 13th March 2020. The TSI closed the week with 3,498.94 points. The domestic market capitalization dropped by 0.43 per cent following a drop in prices of counters similar to the previous week. CRDB and DSE both went down by 8.8 per cent and 1.12 per cent, respectively pushing the domestic capitalization down to TZS 9,188.68bln ($3.99bln).
Tanzania: Cti, Govt for Business Blueprint Dialogue
IMPLEMENTATION of the blueprint will be at centre of discussion when the government meets with industrialists late this week in an effort to spearhead the country's industrial economy agenda. The Confederation of Tanzania Industries (CTI) on Monday said it would have an audience with the minister of State in the Prime Minister's Office responsible for investment, Ms Angellah Kairuki, during the dialogue.
Tanzania: New Contractor to Start Work in 30 Days, Assures Kalemani
MINISTER for Energy Medard Kalemani has assured the availability of a new contractor for Kinyerezi I Extension Power Plant Project in 30 days from Monday and that the remaining work will be accomplished in December. He told Energy and Minerals Committee members, who visited the site to inspect the progress of the project, stressing that a procedure to have not only new, but competent contractor was in final stages.
Tanzania: Kamwelwe, Mfugale Survive JPM Wrath
PRESIDENT John Magufuli on Monday issued a stark warning to Engineer Isack Kamwelwe and Engineer Patrick Mfugale, who would consider themselves lucky to have narrowly escaped the sack in the wake of a stuttering Kiegeya Bridge repair work. The Minister for Works, Transport and Communications, Eng Kamwelwe and the Chief Executive Officer of Tanzania National Roads Agency (Tanroads), Eng Mfugale escaped by a whisker as the president made a last minute decision to give them a second chance.
East Africa: EAC Stock Exchanges Face Consequences of Covid-19
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 second week.
Tanzania: Cybercrime-Related Cases Drop Drastically - Police
CRIMINAL offences related to the breaching of Cybercrime Act have dropped drastically to 3000 cases, currently, compared to more than 7000 problems reported in 2018. This was revealed by the Head of Cybercrime Department, Senior Superintendent of Police (SSP) Joshua Mwangaza here on Monday, saying cyber-crime cases have dropped by over 50 per cent in the past two years.
Tanzania: Over 300,000 Children Registered in 17 Districts of Tanzania - Rita
AT least 335,500 children of between five and 18 years old have been registered in 17 districts of Mainland Tanzania, as the Registration, Insolvency and Trusteeship Agency (RITA) launched a registration exercise in Mwanza Region. RITA Acting Chief Executive Officer (CEO), Emmy Hudson said at the weekend that the ongoing registration exercise sought to see all schooling and non-schooling children under 18 years old were issued with birth certificates.
Tanzania: Procurement Entities Asked to Adopt E-System By June 30
THE Public Procurement Regulatory Authority (PPRA) has asked all procurement entities (PEs) that are yet to adopt the Tanzania National Electronic Procurement System (TANePS) to do so by June 30, 2020, failure of which their accounts officers will he held accountable. The directive was issued on Monday by PPRA Chairman of the Board of Directors Matern Lumbanga, when officiating at the third meeting of the authority's workers' council held at Dodoma's Treasury Square.
Tanzania: JPM Reiterates Stand On Birth Control
PRESIDENT John Magufuli on Monday reiterated his position on birth control, saying a large population is beneficial to the economy. "It is evident that when you have a large population you build the economy. That's why China has the world's fastest-growing economy," he said during his tour to inspect the ongoing construction of Kimara-Kibaha Road. He cited India and Nigeria as other examples of countries that gain from a demographic dividend.
Tanzania: Abbas Urges Efficiency Amid Budget Increase
IN recognition of efforts and strategic projects that have to be undertaken in the coming financial year, the Ministry of Information, Arts, Culture and Sports has increased its budget share by 3.7bn/-, Permanent Secretary, Dr Hassan Abbasi revealed on Monday.
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 of the total weekly turnover. During the week DSEI dropped by 3.27 per cent as the result of the decrease in share price of CRDB, DSE, EABL, KA and KCB.
Tanzania: Eleven-Game Puzzle Rocks Yanga
YOUNG Africans Assistant Coach, Boniface Mkwasa said they will keep pushing at least to claim remaining 33 points that will decide their title fate. Yanga have now remained with 11 games that will give them 33 points if they succeed to win all of them. Mkwasa said that in reaction to one point Yanga garnered on Sunday when they were forced to a 1-1 draw with Namungo FC at Majaliwa Stadium in Ruangwa, Lindi. The draw placed Yanga 20 points behind the league leaders and traditional rivals, Simba SC.
Tanzania Lose to Rhinos of Zimbabwe in T20 Tie
NATIONAL cricket team suffered a 16 runs loss to Rhinos side of Zimbabwe in their first build-up match of T20 cricket at Kwekwe Sports Club in Harare yesterday. According to report from Tanzania Cricket Association (TCA) Communication Officer, Atif Salim, Rhinos went to bat first after winning the toss and registered a score of 131 runs for 7 wickets in allotted 20 overs. Trevor Chibvongodze posted 33 runs for the Rhinos with 33 runs not out after facing 26 balls.
Tanzania: Covid-19 Hits Crdb Share Falling Four Week-Low
CRDB Bank share price dropped to four weeks low after losing 8.82 per cent of its value last week as big part foreigners halting inflows. The stock, which rallied in the first two months of the year to 205/-, plunged to 155/-per share last Friday. Orbit Securities, Head of Research and Analytics, Imani Muhingo attributed the price dropping to global developments where foreign investors' participation has significantly fallen. "...
Tanzania: Dse Turnover Plunges Down 60pc in Seven Days
DAR ES SALAAM Stock Exchange (DSE) bearish mode continue for the second week as the market plunged further in what seems as financial implications caused by coronavirus pandemic. The market turnover plunged to 75.17m/-last Friday against previous week 182m/-to affect also the bourse indices-DSE Index and Tanzania Share Index (TSI). Zan Securities Chief Executive Officer (CEO), Raphael Masumbuko said bearish mode might continue toward the end of quarter one.
Tanzania: Volleyball Team's Training On Amid Corona Threat
NATIONAL beach volleyball team has stepped intensive training in Dar es Salaam despite worldwide COVID-19 outbreak. The team is being prepared for the Regional Beach Volleyball Championships, scheduled to be held from March 27th to 29th this year at Coco Beach in Dar es Salaam. Bringing together national teams from South Africa, Ghana, Niger, Sudan and hosts Tanzania, the tournament serves as the second round of the Africa Tokyo 2020 Olympic Group B qualifiers.
Tanzania: Harmonize's Afro East Album Launching in Dar Goes Viral
A scene of celebrations engulfed Mlimani City Hall in Dar es Salaam over the weekend as Rajabu Kahali (Harmonize) launched his new album called Afro East. The album which contains 18 songs has seen Harmonize collaborating with other top musicians from the continent the likes of Burna Boy, Yemi Alade, Skales, Khaligraph Jones, Mr Eazi and many others.
Tanzania: Legislator Pushes for Ratification of Continental Rights Instrument
CCM Special Seats MP Fatma Tawfiq has advised the engagement of the Constitutional and Legal Affairs Committee in the ratification of the African Charter on Democracy, Elections and Governance (ACDEG). She gave the advice at the weekend during a one-day seminar organised by the Legal and Human Rights Centre (LHRC) to study the Charter and give their recommendations to the responsible authorities for ratification.
Tanzania: BST Embarks On Training to Fight Against Illiteracy
THE Bible Society of Tanzania (BST) has expressed its commitment to reducing illiteracy as it has embarked on a training project whereas 317 adults graduated at the weekend. Through the project, which involves 20 villages, many people are now able to read and write after completing a literacy programme.
Zimbabwe: Football Stakeholders Denounce Barbourfields Violence
The Premier Soccer League (PSL) has denounced the ugly scenes that characterized the Castle Challenge Cup match between Highlands and FC Platinum at Barbourfields Stadium on Saturday. A first half brace from former Zimbabwe International Silas Songani was enough to propel the reigning league Champions to their third consecutive Castle Challenge cup triumph.
Tanzania: Yanga Held By Defiant Namungo
YOUNG Africans maintained their third p lace on the Mainland P remier League desp ite being held to a 1-1 draw ag ainst Namungo F C at Majaliwa Stadium in Ruangwa, Lindi on Sunday. Yanga took the lead in the 5th minute of the game through Tariq Seif whose sublime header put his side at the driving seat throughout the first half of the game.
Tanzania: Protect Local Manufacturers, Bunge Calls
THE Parliamentary Standing Committee for Energy and Minerals has urged the government to ban imports of electrical equipment in order to protect local manufacturers.
Tanzania: Number of Maternal Deaths Drops in Three Years
THE number of maternal deaths in Misungwi and Kwimba districts in Mwanza Region has significantly dropped in the past three years, thanks to the implementation of a project aimed at improving maternal health. Mwanza Regional Commissioner (RC), John Mongela said this week that the project dubbed 'Mama na Mtoto', which has come to an end, had helped to save the lives of women and children in the two districts.
Tanzania: Bank Supports Health, Education in Katavi Region
Education and health in Katavi Region were the latest sectors that received huge boost from NMB bank after donating various items aimed at supporting the government in addressing challenges in the community. The Bank's Acting Managing Director, Ruth Zaipuna, said here over the weekend that community plough back rests on consideration because they run their business and make profit from the same community.
Tanzania: Mbowe, Co-Accused Trial Revisited
LAST week the Kisutu Resident Magistrate's Court in Dar es Salaam convicted Chadema Chairman, Freeman Mbowe and eight others of sedition, rioting and unlawful assembly and sentenced them to either p ay fine totaling 35 0m/- or g o to jail for 60 months cumulatively. The judg ment attracted a mixture of feelings on whether or not justice has been done. Our Staff Writer FAUSTINE KAPAMA revisits some of the facts in the trial.
Tanzania: 50km Road Contract to Be Signed End of This Month, Says PM
Road contract is set for signing at the end of this month, according to Prime Minister Kassim Majaliwa. The tarmac road will be a solution to the long-time transport problem Ruangwa residents have been facing. Speaking at a rally in Ruangwa at the weekend, the PM noted that the step was part of the government's efforts to improve roads in various parts of the country.
Tanzania: Construction of Six Integrated Justice Centres Starts
THE Judiciary of Tanzania has started the construction of six High Court buildings to be known as Integrated Justice Centres (IJC), a major project to be implemented in five regions of Dar es Salaam (which will have two buildings), Mwanza, Dodoma, Arusha and Morogoro. Such court buildings are like one stop centre, meaning that one building will accommodate all judicial services from Primary Court level to the Court of Appeal.
Tanzania: Government to Curb Gate Revenue Theft
THE government has flashed a yellow card to institutions and individuals who have been denying football clubs, Tanzania Football Federation (TFF), the government and other stakeholders of their rightful share from gate collections. Speaking to reporters in Dodoma on Sunday, the Permanent Secretary for the Ministry of Information, Arts, Culture and Sports, Hassan Abbasi said gone are the days when such individuals and entities were left to indulge in such malpractices.
Tanzania: Three Million Switched Off SIM Cards Now Retrieved
THREE million out of the nine million SIM cards switched off earlier due to users' failure to finalise biometric registration have been retrieved for continued use. New figures make up 36,176, 264 SIM cards which have been registered biometrically, equivalent to 85.1 per cent of all available SIM cards countrywide as of March 13.
Tanzania: Chadema Cadres Face Music for Unruliness
AT least 27 people believed to be members of Chama cha Demokrasia na Maendeleo (Chadema) are expected to face charges in connection with a recent riot at Segerea Prison. According to Police in Dar es Salaam, a score of Chadema supporters and leaders, were arrested following a fracas at Segerea on Friday before being released on bail.
Zimbabwe: Bako Raises Flag High in SA
ZIMBABWE'S junior motocross champion rider Emmanuel Bako has done it again. Bako, a 13-year-old Form One pupil at St. John's College in Harare, chalked up his third straight victory in the 2020 Inland Championship in the 85cc ProMini Class at Smoking Pistons Dirt Track in Johannesburg, South Africa, on Saturday.
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