Tanzania | - Part 13

Tanzania’s current account deficit narrows 4.7 pct in year to Jan

DAR ES SALAAM (Reuters) – Tanzania’s current account deficit narrowed 4.7 percent in the year to January, after exports of manufactured goods and tourism earnings increased, the central bank said on Monday. The deficit narrowed to $4.822 billion in the 12 months to January from $5.059 billion in the same period in 2014, the Bank of Tanzania said in its latest monthly economic report. “The improvement was mainly attributed to an increase in exports…

African Market Watch: Friday, 20th March 2015

Posted on by The Editorial Team

BRVM [he Regional Stock Exchange, Cote d’Ivoire] BRVM (The Regional Stock Exchange of eight West Africa) closed its trading session today, higher than the previous trading day. BRVM 10 index rose from 268.38 to 269.37 points, a gain of 0.37%. BRVM Composite index gained 0.41% to 264.41 against 263.34 points previously. The equity market capitalization was recorded at XOF 6,524.51 billion, Likewise, the traded value was recorded at XOF 368.363 million and total volumes recorded at…

African Market Watch: Thurs, 19th March 2015

Posted on by The Editorial Team

BRVM [he Regional Stock Exchange, Cote d’Ivoire] BRVM (The Regional Stock Exchange of eight West Africa) closed its trading session today, slightly lower than the previous day. BRVM 10 index decreased from 268.47 to 268.38 points, a drop of 0.03%. BRVM Composite index lost 0.37% to 263.34 against 264.32 points previously. The equity market capitalization was recorded at XOF 6,498.11 billion, Likewise, the traded value was recorded at XOF 734.348 million and total volumes recorded at…

IMF puts Tanzania’s economic growth above 7 pct in 2014

Posted on by The Editorial Team

DAR ES SALAAM (Reuters) – Tanzania’s gross domestic product expanded by more than 7 percent in 2014, with falling oil prices expected to further buoy the economy this year, the International Monetary Fund said on Thursday. The IMF despite a strong growth outlook for 2015, the east African nation must keep a tight rein on public spending due to revenue collection shortfalls and a reduction in financial aid. Donors have withheld more than three-quarters of…

African Market Watch: Wed, 18th March 2015

Posted on by The Editorial Team

BRVM [he Regional Stock Exchange, Cote d’Ivoire]: BRVM (The Regional Stock Exchange of eight West Africa) closed its trading session today, higher than the previous day. BRVM 10 index gained 0.27% to close at 268.47pts and BRVM Composite index gained 0.04% to 264.32pts against 264.21pts previously. The equity market capitalization was recorded at XOF 6 522.15 billion, Likewise, the traded value was recorded at XOF 812.95 million and total volumes recorded at 150 410 shares in 157…

Tanzania to get $380 mln loans from India for water projects

Posted on by The Editorial Team

DAR ES SALAAM (Reuters) – Tanzania will receive a total of $380 million in loans from India to finance two major water projects in the east African nation, the president’s office said on Tuesday. India’s government has offered $100 million to improve water supply in the commercial capital Dar es Salaam and $280 million to help supply water from Lake Victoria to Tabora, Nzega and Igunga towns, the presidency said in a statement. Earlier this…

African Market Watch: Tuesday, 17th March 2015

Posted on by The Editorial Team

BRVM [he Regional Stock Exchange, Cote d’Ivoire] BRVM (The Regional Stock Exchange of eight West Africa) closed its trading session this Tuesday, lower than the previous day. BRVM 10 index decreased from 268.67 to 267.74 points, a drop of 0.35% and BRVM Composite index lost 0.25% to 264.21 against 264.86 points previously. The traded value is XOF 714.02 million against XOF 1.21 billion last Monday. Equity Market capitalization is XOF 6,519.64 billion and the top security…

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