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Sh17 trillion revenue collection target will be met-Govt

Sh17 trillion revenue collection target will be met-Govt

2017-10-20 18:02:04, thecitizen.co.tz

Deputy Minister for Finance and Planning, Dr Ashatu Kijaji, has said the government will meet and surpass the Sh17 trillion revenue collection target for 2017/18 financial year. Last week in the first quarter of the current financial year which is equivalent to 21.3 per cent, raising fear on whether the target would be met. But on Friday, October 20, Dr Kijaji told TRA officials during her visit in Shinyanga TRA offices that the government was expecting to employ 400 more people in order to address staff shortage facing the Authority

 

Finance

Personal loans fall to negative 6pc, BoT shows

Personal loans fall to negative 6pc, BoT shows

2017-10-18 09:52:53, thecitizen.co.tz

Dar es Salaam. The provision of personal loans dropped to -5.8 per cent during the second quarter of 2017 from 36.7 per cent in a similar period in 2016, the Bank of Tanzania (BoT) data shows. That happened because commercial banks imposed tough conditions on the provision of personal loans to avoid risks. Bankers foresee a further shrinkage in personal loans, which account for 19 per cent of all loans

 

Corporate

United Bank for Africa launches 24hr service centre

United Bank for Africa launches 24hr service centre

2017-09-20 15:01:43, thecitizen.co.tz

Dar es Salaam. United Bank for Africa (UBA) Tanzania Limited has established a customer centre dubbed Customer Fulfilment Centre (CFC), which will provide financial and business information for 24 hours. CFC will allow interaction with customers through telephone, email and social media, according to UBA managing director Peter Makau. The centre was launched on Wednesday September 20, 2017. “CFC is a 24/7 customer interactive, which is a one stop shop for financial and business services information and it’s a crucial link between UBA customers and the bank," he said

 

Enterprises

Ivanka Trump touts launch of World Bank businesswomen's fund

Ivanka Trump touts launch of World Bank businesswomen's fund

2017-10-15 13:01:11, thecitizen.co.tz

Washington, United States . Ivanka Trump, President Donald Trump's daughter and a White House advisor, on Saturday touted the creation of a new World Bank initiative to foster entrepreneurship among women. The initiative launched this week, the Women Entrepreneurs Finance Initiative or We-Fi, aims to boost access to capital for businesswomen in the developing world. "Fully unleashing the power of women in our economy will create tremendous value but also bring much-needed peace, stability and prosperity to many regions," Trump said during an event at the annual meetings of the World Bank and International Monetary Fund

 

Economy

Sh17 trillion revenue collection target will be met-Govt

Sh17 trillion revenue collection target will be met-Govt

2017-10-20 18:02:04, thecitizen.co.tz

Deputy Minister for Finance and Planning, Dr Ashatu Kijaji, has said the government will meet and surpass the Sh17 trillion revenue collection target for 2017/18 financial year. Last week in the first quarter of the current financial year which is equivalent to 21.3 per cent, raising fear on whether the target would be met. But on Friday, October 20, Dr Kijaji told TRA officials during her visit in Shinyanga TRA offices that the government was expecting to employ 400 more people in order to address staff shortage facing the Authority

 

Trade

What should be done to resolve Tanzania-Kenya trade impasse

What should be done to resolve Tanzania-Kenya trade impasse

2017-10-07 09:47:21, thecitizen.co.tz

Omar Swaleh- Mombasa. Trade dispute between Kenya and Tanzania is something beyond gas and milk import-export dynamics. It seems there are deep-lying political issues between the two governments that are a threat to the economies of the neighbouring countries. The Uhuru-Magufuli tug-of-war deteriorates the diplomatic relations and affects businesses between the symbiotic nations. Kenya has always enjoyed being at the vantage point in the East African region, but Dr John Magufuli, being the Head of State that he is, seems determined to initiate a paradigm shift geopolitically

 

Taxes

Tanzania’s revenue authority beats property tax target by 20 per cent

Tanzania’s revenue authority beats property tax target by 20 per cent

2017-09-13 11:49:23, thecitizen.co.tz

Dodoma. Property tax collection has increased from Sh28.28 billion in 2015/16 to Sh34.09 billion in 2016/17 fiscal years, Tanzanian government reported in Parliament on Wednesday. The increment is attributed to the decision to amend Local Government Finance Act, Cap 290 during 2016/17 fiscal year and give the Tanzania Revenue Authority (TRA) the mandate to collect property tax in all districts instead of district authorities

 

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