Survey of companies with foreign liabilities in Tanzania

Bank of Tanzania (BOT) in collaboration with Tanzania Investment Centre (TIC), and National Bureau of Statistics (NBS) is conducting a survey of establishments with foreign liabilities in Tanzania. The survey will be implemented during November 2017 to March, 2018 and will cover data for 2015 and 2016. During the survey, a team of researchers from … Read more

Minister of Energy and Minerals fired

Following the mineral sand Committee report led by Chairman Professor Abdulrahman Mruma, President Magufuli yesterday, 24 May 2017: fired the Minister of Energy and Minerals, Professor Sospeter Muhongo; dissolved Tanzania Minerals Audit Agency (TMAA) Ministerial Advisory Board; and suspended the TMAA’s Chief Executive Officer, Engineer Dominic Rwekaza. Some English language newspaper reports: Daily News Citizen Guardian … Read more

FBME – Notices on 12 May 2017

Notice to Depositors dated 12 May 2017 is given that: Deposit Insurance Board (DIB) has commenced the process of stocktaking and verification of assets and liabilities of the said FBME Bank (Under Liquidation) (FBME). Depositors of FBME will be notified by DIB of the Pay-out Plan of their protected deposits in accordance with the law upon … Read more

New Head of TIC

State House has announced that Geoffrey Idelphonce Mwambe has been appointed as the new Executive Director of Tanzania Investment Centre (TIC). We understand that from June 2016 Mr Mwambe was District Commissioner for Manyoni District in Singida Region and before that Director of Trade, Investment and Productive Sectors at the Ministry of Foreign Affairs and East … Read more

New Tanesco Managing Director

President Magufuli has appointed Mr Tito Esau Mwinuka as the new Managing Director of the Tanzania Electric Supply Company (TANESCO) with immediate effect on 1 January 2017.  Before his appointment, Mr Mwinuka was a senior lecturer and head of the University of Dar es Salaam’s department of Mechanical and Industrial Engineering. Background: On 29 December 2016, the Energy … Read more