Posts tagged as: mining

Serengeti Boys to Play Burundi in CAF Opener

By Majuto Omary

Dar es Salaam — Mainland Tanzania U-16 soccer team, Serengeti Boys, will start their campaign to win the inaugural African Youth Championships for the East and Central African Football Association (Cecafa Zone) against Burundi in the qualifying tournament.

The match has been scheduled to take place at the National Stadium on August 11. Before that Rwanda and Sudan will face off in Group A.

According to information from within Tanzania Football Federation (TFF), other teams in Group A are Sudan and Somalia.

Group B is made up of Uganda, Kenya, South Sudan, Ethiopia and Djibouti.

The zonal tournament has been organised by the Confederation of African Football Football (CAF), the governing body, purposely to select one team that will join Tanzania in next year’s African Youth Championships to be held in the country.

Serengeti Boys will feature in the tournament, which is supported by the European football governing body, UEFA.

The TFF source said that Mainland Tanzania, being the host, will use the tournament as part of training.

If they win top honours, the Runners Up will be handed the ticket.

The new system was established with the aim of ensuring the Cecafa Zone and others had equal representation at the finals, which are normally dominated by Southern, Western and Northern African countries.

“This is a very important tournament for Serengeti Boys ahead of next year’s African Youth finals,” added the anonymous source.

We will gauge the players’ strength as well as talent in the tournament scheduled to take place at the National Stadium and Azam Complex,” said the source.

Meanwhile, plans by Serengeti Boys to secure international friendly matches have failed and will now play against various U-20 teams within the country.

Earlier, the Serengeti Boys technical bench planned to play South Africa, Malawi and Zambia, but the plans did not come to fruition.

The technical bench also organised for the team to camp in Kagera Region in preparation for matches against Uganda, Rwanda and Burundi, but the plan also failed.

“We will play against local U-20 teams based in the city. We are doing fine,” reassured Mirambo.


Gor Striker Mustafa Gets Royal Welcome in Burundi

It turned out to be an emotional homecoming for new Gor Mahia signing Francis Mustafa when the footballer returned home… Read more »

Bank M Collapse Signals Shaky Banking Base

By Kimani Chege

Tanzania’s Bank M has been placed under statutory management after the regulator Bank of Tanzania (BoT) issued warning over the bank’s liquidity.

The placing of Bank M on statutory management comes a few months after BoT placed five more financial institutions under statutory management due to poor capitalization. These includes Covenant Bank, Efatha Bank, Njombe Community Bank, Kagea Farmers cooperative Bank and Meru Community Bank.

Bank M of Tanzania was licensed in February 2007, and is focused on corporate and investment banking.

Banks in Kenya have also faced similar fate. In 2016, data from the Central Bank of Kenya showed that Kenya’s banking industry stagnated in the first three months of the year, signalling a slowdown following the collapse of three lenders. The collapse of Dubai Bank, Imperial and Chase Bank led depositors to seek safety in large institutions perceived to be more stable.

Chase Bank collapse in 2016 was a big shock as the bank was known to be on a healthy path based on its popularity with the Small and Micro Enterprises. KCB Bank was appointed the caretaker manager and only recently handed back the bank to new owners SBM, a Mauritius bank. In the deal, SBM Kenya will assume 75 percent of the value of deposits under moratorium at Chase Bank, all non-moratorium deposits at the bank, and will take-up over majority of branches and employees.

Oriental was the second bank which many felt that it had found a solid base with the acquisition by M Holdings, a Kenyan company which now controls 30 percent of the company. Oriental Commercial Bank is classified as a small lender by the CBK and was formerly Delphis Bank Ltd.

The case of Imperial Bank is more complicated as the Kenyan government has continued to push for a reliable purchaser while at the same time working to recover lost assets owed by the bank.

East Africa

Nation Journalists Feted at Merck Foundation Media Awards

NTV’s Namukabo Werungah, Doreen Magak, Antony Wabwoba and former station head Pamela Asigi were among the big winners at… Read more »

Two Pupils Drown in Serengeti

By Jesse Mikofu

Mwanza — Sengerema district resident woke up to sad news on Wednesday after two Standard One pupils of Kasomeko Primary School drowned.

Mwanza Regional Police Commander (RPC) Ahmed Msangi named the pupils, who lost their lives as Shija Kamlete, 8, and Baraka Kapalale, 8.

“The two boys lost their lives on Wednesday, June 13, 2018, at 5pm when they were swimming in a pond which is located near their home,” he said.

“Unfortunately, the children did not have swimming skills, so they ended up drowning.”

In another development, nine people including traditional healers in Misungwi district, have been arrested in connection with the murder of Manungwa Nkwabi, 20.

Ms Nkwabi, a resident of Lubili Village in the district, was killed on June 13 by unknown assailants when returning from the bush where she was collecting firewood.

“Preliminary investigation shows that Ms Nkwabi’s killing is linked with superstitious beliefs,” he said.

According to Mr Msangi, the deceased who was accompanied by a colleague was attacked by a young man who dragged her into the bushes and killed her.

The regional police boss said the deceased’s colleague sought assistance from villagers, but the assailant committed the offence and disappeared.

He said the deceased’s body has been handed to family members for burial after the postmortem.


It’s a ‘Tanzania First’ Budget

Finance and Planning minister Phillip Mpango yesterday proposed a raft of reforms aimed at the boosting industrial… Read more »

Tanzania Proposes Increase in Sugar Import Duty

By Alawi Masare

Dar es Salaam — The government has proposed to increase consumption sugar import duty from 25 per cent to 35 per cent as part of the changes recommended in the Common External Tariff (CET).

The Minister for Finance and Planning Dr Philip Mpango announced the measure as he tabled the government Budget for 2018/19 yesterday.

Tanzania imports consumption sugar under specific arrangements to cover the shortage in the domestic market.

The East African nation needs 450,000 tonnes to meet the domestic demand but faces a shortage of 130,000 tonnes which is filled through importation.

Tanzania’s four sugar manufacturers produce 320,000 tonnes annually against the east African nation’s annual demand of 450,000 tonnes.

In February this year, the Sugar Board of Tanzania said the country planned to increase sugar production from the current 320,000 tonnes annually to 420,000 tonnes by 2020-2022.

Tanzania’s four sugar manufacturing factories are TPC in Kilimanjaro region, Kagera Sugar Limited in Kagera region, Mtibwa Sugar Limited and Kilombero Sugar Company in Morogoro region.

Mkulazi sugar project which is being established in Morogoro by two pension funds – NSSF and PPF – is expected to be the biggest one in East and Central Africa, with position to churn out 200,000 tonnes of sugar per year assured.


It’s a ‘Tanzania First’ Budget

Finance and Planning minister Phillip Mpango yesterday proposed a raft of reforms aimed at the boosting industrial… Read more »

Soccer – Yanga Crash Out of Uhai Cup

By Benjamin Ben

YOUNG Africans have been eliminated from the ongoing 2018 Under-20 Uhai Cup, which is unfolding at the University of Dodoma (UDOM) playing grounds in Dodoma.

The 16-team tournament which officially started on June 9th, this year, is expected to reach its climax on June 21st as talented young footballers drawn from clubs which compete in the Mainland Premier League showcase what they are capable to do once given the platform to shine.

Yanga who were packed in group A together with Ruvu Shooting, Mbeya City and Mbao FC failed to collect maximum nine points from their three games, which could have taken them into the quarterfinals. The Jangwani street based lads were held to a 1-1 draw in their final tie against Mbeya City on Wednesday in a tense match which, Yanga desperately wanted to win to go into the next round.

Yanga who started the match brightly got the opening goal in the 3rd minute of the first half courtesy of Paul Nyang’anya but the goal could not deter Mbeya City, who gained composure and pulled level in the 11th minute, thanks to a well-crafted volley by Grocery Mtugo.

The outcome made Yanga to finish the race on third place with three points from three matches after drawing three encounters respectively. They leave the competition without winning and losing. Also, Mbeya City joined Yanga from the same group to bid farewell to the competition after attaining a single point from three clashes.

The Green City boys lost two matches and drew one game to finish fourth on the table. However, from group A, two teams which have made it into the last eight are Mbao FC and Ruvu Shooting as each of them has accumulated five points from three games played. Each of them won once drew twice to occupy first and second slots orderly.

In group C, Mtibwa Sugar and Azam FC have progressed into the quarterfinals after each reaped 5 points from three matches respectively. However, the journey is over for Majimaji FC and Mwadui who gained three points and a single point in that order to accommodate third and fourth places in their group.


It’s a ‘Tanzania First’ Budget

Finance and Planning minister Phillip Mpango yesterday proposed a raft of reforms aimed at the boosting industrial… Read more »

Nigeria:US., Korean Consortium to Invest U.S.$10 Billion in 4,185 Megawatt Ebonyi Power Project

By Olawale Ajimotokan

Abuja — A consortium of investors from the US and South Korea has offered to invest the sum of $10 billion in the Ebonyi Independent Power Project (EIPP) by the end of September.

The investors made commitment to invest in the Nigerian energy sector Thursday when the delegation led by Terey Moreland, Chairman Hodges and Bakersfield Limited, paid a visit to the Secretary to the Government of the Federation (SGF), Mr. Boss Mustapha.

Moreland told the SGF that their legal and management partners had evaluated that the project would be carried out in three phases.

The EIPP is a public-private partnership between Hodges & Bakersfield Limited and the Ebonyi State Government and seek to develop a 4185MW Power Plant to be sited at the West Bank of the Cross River on Oferekpe/Akahufu Inyimagu land in Ikwo Local Government Area of Ebonyi State.

The project is owned 80 per cent by the Hodges & Bakersfield Limited and 20 per cent by the Ebonyi State Government. The funding of this project is 100 per cent by Hodges & Bakersfield Limited through an equity and debt arrangement.

The value of the first part of the project is worth $3 billion.

The completed plant will consist of 9 x 310MW Gas Turbine Units. The construction process will be in four phases. The First – Third phases consist of three gas turbines of 930MW each whilst the fourth stage consists of 1395MW Combined Cycle Steam Turbines. The projected gas requirement of the completed plant is 221 billion cubic feet per year. Phase 1 requires 73.67 billion cubic feet per year.

Moreland said their visit to the SGF was to secure government’s support in acquiring licence and in getting gas for the power project here in the country. Moreland gave assurance of their capacity to finance the project.

He similarly said they had the technical capacity to assist the Nigeria National Petroleum Company (NNPC) by laying the pipeline that will be connected to the grid.

The SGF expressed federal government’s full commitment to investing in infrastructure that will meet the needs of its citizenry.

The SGF told representatives of the consortium that government would welcome business men with genuine intention to do business in the country as there is an enabling environment for investment to thrive.

Mustapha further assured the group that government would do everything possible to support them wherever there are constraints in getting approval and acquiring licence from Transmission Company of Nigeria (TCN), Nigerian Electricity Regulatory Commission (NERC), Ministry of Power, Works and Housing and Ministry of Environment that would enable them to carry out their projects in energy.

“We want to invite the whole world to come and invest in Nigeria. As a country and government, we are interested in issuance of any licence and we will treat it with dispatch,” he added.

He presented to the investors the areas of the country’s concern as in tackling the 17 million housing deficit, energy distribution because of the rise in the generation among other things.

He advised them to do a formal letter that will contain details of the projects and also enumerate areas of constraints.

Apart from Moreland, the other individuals at the meeting with Mustapha included Cyril – Solicitor to the Project, President & CEO Company : DongGang Agro-Specialised Industrial Complex Development Co. Ltd Jang Wonjin An, Chul Gyu – Wonjin, Choi, Minhyun, Onyebuchi, Anyaku Alicho, Duze Musa Theobald, Ituah Ighodalo, Carnahan Daniel Lawrence, Kim Chol Koun and Director- Keumho Solar Co. Ltd, Project Relation- Gas Pipeline Supplier, Kim Jimoh.


New Think Tank Appointment for Johnson Sirleaf

Ellen Johnson Sirleaf, who stepped down as Liberian president earlier this year, has been appointed to the advisory… Read more »

Country’s Current Account Deficit Continues to Narrow

By Henry Lyimo

TANZANIA’s current account deficit continued to narrow last year as earnings from tourism increased and imports declined. Presenting the state of the economy in Parliament yesterday, the Minister for Finance and Planning, Dr Phillip Mpango, said the current account deficit narrowed by 43.8 per cent in 2017 on increase in earnings from tourism and a decline in imports.

He said the current account recorded a deficit of 1,210.5 million US dollars, down from a deficit of 2,154.6 million US dollars in 2016. The balance of payment recorded a surplus of 1,649 million US dollars last year, compared to a surplus of 305.5 million US dollars in 2016.

A balance of payments surplus means the country exports more than it imports, while a balance of payments deficit means the country imports more goods, services and capital than it exports and must therefore borrow from other countries to pay for its imports.

Foreign account reserves reached 5,906.2 million US dollars compared to 4,325.6 million US dollars in 2016. The amount was sufficient to cover 5.4 months of imports, exceeding the threshold set for East African integration of at least 4.5 months.

The increase was a result of measures taken by the Central Bank through purchase of US dollars in the market, disbursement of external non-concessional loans as well as decrease in imports of goods and services.


It’s a ‘Tanzania First’ Budget

Finance and Planning minister Phillip Mpango yesterday proposed a raft of reforms aimed at the boosting industrial… Read more »

State Set to Borrow U.S.$3.5 Billion in 2018/19

Dar es Salaam — The government plans to borrow Sh8.90 trillion non concessional loans from domestic and external sources in the next fiscal year.

Minister of Finance and Planning, Dr Philip Mpango, revealed yesterday when tabling the 2018/19 budget, which was themed “to build an industrial economy that will stimulate employment and sustainable social welfare”.

“In order to speed up implantation of infrastructure projects we will borrow Sh3.11 trillion from external sources,” he said. Mr Mpango further noted that in the current financial budget the government also planned to spend Sh32.48 trillion. Out of the amount, Sh20.47 trillion would go to recurrent expenditure including Sh7.41 trillion for wages and salaries and Sh10.00 trillion for servicing the country’s debt. (Hellen Nachilongo)

, contributions to Pension Funds and other services.

In addition, he said development expenditure is estimated at Sh12.01 trillion, equivalent to 37 percent of the total budget whereas Sh9.88 trillion is locally financed and Sh2.13 trillion is foreign financed.

According to him, funds allocated to development expenditure is consistency with five year Development Plan (2016/17 – 2020/21) of allocating development expenditure in the range of 30 to 40 percent of the total budget.

He noted that industrial economic reforms will be built through inclusive economic participation, partnership and collective efforts. In order to achieve the intended goals, bold decisions must be undertaken in allocating the available scarce resources to strategic areas.

Mr Mpango therefore urged the Members of Parliament and citizens at large to combine efforts and talents of our people and our businesses in order to achieve our aspirations goals. In light of this, we need patriotism and high level of integrity, while aiming at eradicating poverty, job creation and inclusive economic growth.


It’s a ‘Tanzania First’ Budget

Finance and Planning minister Phillip Mpango yesterday proposed a raft of reforms aimed at the boosting industrial… Read more »

Nigeria:Nigeria Ranks 4th Among Countries With Highest Net Mobile Subscriptions

Photo: Răzvan Băltărețu/Flickr

A multinational networking and Telecommmunications company, Ericsson, on Friday said that Nigeria ranked fourth among the top five countries with the highest net addition of mobile subscriptions in the first quarter of 2018.

Ericsson made this known in its global mobility report for June 2018 posted on its website.

The report says that Nigeria had 3million in the first quarter compared to China which came first with 53million, followed by India with 16million, Indonesia 6million and Bangladesh 2 million.

The first quarter of 2018 saw the addition of 98 million new subscriptions, with China, India , Indonesia, Nigeria and Bangladesh leading the pack, the report said.

According to the mobility report, there are around 5.3 billion subscribers globally compared to 7.9 billion subscriptions.

Ericsson’s mobility report also forecast that there would be 8.9 billion mobile subscriptions by the end of 2023 globally.

Mobile broadband subscriptions will reach 8.3 billion, accounting for close to 95 percent of all mobile subscriptions, it added.

The report also said that the number of unique mobile subscribers was estimated to reach 6.1 billion by the end of the forecast period.

Mobile broadband would complement fixed broadband in some segments and would be the dominant mode of access in others, the report said.

It also said that the subscription for PCs and tablets with mobile capabilities were expected to show moderate growth reaching 320 million in 2023.

The report further said that smart phone penetration continues to rise, driven by the increasing affordability of devices.

The report forecasts that the number of smart phone subscriptions would reach 7.2 billion in 2023 and almost all would be for mobile broadband.

It said the Middle East and Africa, which comprises of over 70 countries, at the end of 2017 had 20 percent mobile subscriptions for Long Term Evolution(LTE) while sub- Saharan Africa accounted for 5 percent LTE subscriptions.

The report also stated that the region was anticipated to evolve over the forecast period while 90 percent of subscriptions are expected to be for mobile broadband by 2023.

According to the mobility report, the driving force behind this shift include a young and growing population with increasing digital skills as well as more affordable smart phones.

The reports also stated that in the Middle East and North Africa, significant 5G subscription volumes are expected in 2021 and in Sub-Saharan Africa in 2022.

The Ericsson report further stated that first-generation 5G data-only devices are expected from the second half of 2018.

The first commercial smart phones supporting 5G in the mid-bands are expected early next year while support for very high spectrum bands is expected in early to mid-2019.(NAN)


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South Africa:Inquiry Hears Why Violence Broke Out At Charlotte Maxeke Hospital

By Zoë Postman

The protest by health workers over unpaid performance bonuses at Charlotte Maxeke Academic Hospital in May was unexpected. This was according to Chief Executive Officer of the Hospital Dr Gladys Bogoshi and Head of the Gauteng Health Department Dr Mkhululi Lukhele.

This was heard at a South African Human Rights Commision inquiry into the causes of the protest and ways to prevent it from happening again. The one-day inquiry took place in Braamfontein on Thursday.

On 31 May hundreds of workers, mostly National Education, Health and Allied Workers’ Union (NEHAWU) members, demanded that the Gauteng Health Department pay their performance bonuses for the 2016/17 financial year. The workers blocked the entrances to the hospital with garbage, dustbins and rocks. The corridors inside the hospital were filled with rubbish including papers and half-eaten food. Hospital operations were disrupted and some patients were sent home.

But NEHAWU Provincial Deputy Secretary Gracia Rikhotso and Provincial Chairperson Lulamile Sibanda said they repeatedly warned the health department that their members were becoming impatient. Rikhotso said the department continued to “negotiate in bad faith” by sending inadequate responses to the workers’ memorandum and “making empty promises of payment” to the workers. She said the negotiations lasted about 14 months.

“We unequivocally condemn the actions that lead to the disruptions of the hospital without justifying it in any way. But the Department cannot say they didn’t see it coming after workers were picketing almost every day from 9 April,” Rikhotso said.

She said performance bonuses were part of a policy that was negotiated long before the protest “so workers shouldn’t be begging and negotiating for something they rightfully deserve”. Sibanda said the protest could have been avoided had the department responded to the workers’ demands immediately.

Lukhele said the Department could not afford to pay bonuses because it was “underfunded to begin with”. He said the bonuses would amount to about R350 million and the hospital needed that money to buy machines, masks and other equipment.

“I understand the need for public sector health workers to be incentivised, that’s why I kept taking the proposal back to Ex-Co [Executive Committee] for review,” Lukhele told the panel. He said the Ex-Co did not approve the payment of bonuses because there was no room for it in the budget.

“The anger about not being paid was expected. But the inhumane way in which the protesters expressed their discomfort was not expected at all,” said Lukhele.

Bogoshi said protesters were throwing clean linen on the floor, burning old chairs and mattresses on 31 May. “They even went into theatres, which are sterile areas, while people were on the operating table and took anything they could find. I got calls from surgeons asking whether they should continue with the operations,” she said.

“Some nurses locked themselves and the patients in the toilets because they were scared… in all my years in the health sector I have never seen nurses and doctors being stopped from doing their jobs.”

Bogoshi said the damages to the hospital amounted to about R3 million.

The chairperson of the inquiry, Buang Jones, asked Bogoshi where the money to fix the damages came from and how it would affect the running of the hospital.

“It came from the very same money we were supposed to use for goods and services for the Hospital … I really don’t know. We’ll have to sit and see what we can do. For example, some operations will have to be postponed because we don’t have money for equipment,” Bogoshi responded.

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