Jambo Brand Tanzania Limited

COVENANT
BANK
FOR WOMEN (TANZANIA) LTD
Global Champion in Women

Economic
Empowerment Award (Africa) 2015
South America Africa - Middle East Asia Amazons Awards - 2015
CONTENTS
MAGAZINE
JAMBO Brand Tanzania August 2016
Covenant Bank Tanzania

Scoops Awards Overseas
18- 21
Dr. Msenga Gears Up for

Mining Tourism College
24 - 27
How Clouds Media Group

Promotes Tanzania Overseas
28 - 33
2
UmojaSwitch: China's Union Pay Now

Acceptable to UmojaSwitch Cards
38 - 41
Tanzania: NIC on Down the Years
42 - 45
New paleo tourism

taking roots in Oldupai
46 - 47
Tanzanian Mogul, Mohammed Dewji

is Africa's Youngest Billionaire
54-59
PUBLISHERS:
Jambo Productions Limited
2nd floor West Grand Road, West
Great House, Brendford,
London, TW8 9DF, England
Jambo Concepts Limited
9th floor, Hifadhi House, junction of Samora Avenue
and Azikiwe Street, P.O.Box 3209, Dar es Salaam,
Tanzania.
Tel: +255 22 2137680
Fax: +255 22 2137684
News and Advertising enquiries
Tel: +255 715 7228 287

+ 255 787 228287

+ 255 222 137 683
Email: Jambobrand@jamboleo.co.tz
CHIEF EXECUTIVE OFFICER
Juma Abbas Pinto
DIRECTOR
Benny Christopher Kisaka
GENERAL MANAGER
Elia Moshi
EDITOR
Eric Toroka
DIRECTOR OF SALES & MARKETING
Juma Almas Mabakila - UK
MARKETING MANAGER
Rose Kamau
CHIEF PHOTOGRAPHER
Baraka Baraka
GRAPHICS & DESIGN
Elizabeth J. Mkeleja
CONTRIBUTORS
Karl Lyimo, James Mcharo, and Mbonea Israel..
DISTRIBUTION POINTS
Worldwide through Tanzania Missions abroad, all
Government offices and agencies, Bunge in Dodoma,
Zanzibar House of Representatives, EAC Secretariat,
all banks, hotels, airlines, Zanzibar Association of
Tourism Investors (ZAT), Karibu Fair, Tanzania
Association of Tour Operators.
All advertising, editorial and distribution enquiries
should be addressed to Jambo Concepts offices in Dar
es Salaam and Jambo Production in London.
Functional housing policy, refulatory frameworks and

diligent implementation will take us to next higher level
THE real estate industry in Tanzania
is one of the large sectors of the
economy which has tremendous
potential to drive meaningful
and sustainable socio-economic
development on the ground thereby
transforming the country into the
next higher level.
Part of that enormous potential is
evidenced in the fact, for example,
that people are born and grow up in
the country, thus perforce needing
shelter in one form or the other as a
matter of course.
In fact, that alone is reason
enough why we can state with
confidence that the real estate
sector is hugely important not only
in Tanzania, but also in countries
large and small across the world. It
is a sector that no country can do
without, no matter what.
It so happened that Tanzania
currently suffers from a critical
housing deficit syndrome, whereby
the demand for housing in general
rises with the passage of time.
Needless to belabor the point,
the housing demand is fuelled
by the equally rapid increase in
population, seemingly in a vicious
circle of unbroken sequence of
reciprocal cause and effect.
That is a challenge which must
be tacked head-on, doing so
sooner than later. In that regard,
we propose that the relevant
authorities - no doubt spearheaded
by the Government of President
John Pombe Magufuli - will put in
place an appropriately formulated
housing policy and the requisite
regulatory frameworks, as well as
a regulatory authority or board to
oversee the sector every which way.
The housing policy and
regulatory frameworks must of
necessity be truly functional,
basically charting the way forward
in general, and, in particular, the
path, direction and purpose that the
country must take in the housing
industry for it to be meaningful,

sustainable and
beneficial all round.
When they talk of affordable
housing today, doing so in the
absence of a coherent housing policy
and regulatory frameworks as well
as a competent, diligent overseer no one can tell for sure whether or
not they are talking about affordable
but also relatively decent housing:
what sort of housing are they talking
about and who are the people they
are targeting; exactly what level
is affordable housing, or lowincome housing and at which level
is middle-income housing, what are
the price levels...
Other pertinent aspects which
must also be taken into consideration
include but are not limited to the
government's role in providing houses
to its citizens; what role(s) should the
government play in the provision of
the requisite infrastructure, and so
on, and so forth.
All those elements can be
underpinned in a housing policy and
regulatory frameworks. Indeed, we
see them as being crucial - both as
drivers and game changers - which, if
properly addressed and implemented,
will factor heavily in truly driving
forward even doing so beyond the
National Development Vision -2025.
Eric Toroka
JBT NEWS HIGHLIGHTS
Chinese-built US$135 m bridge opens in Tanzania
JBT SPECIAL
CORRESPONDENT
ANZANIAN President John

Magufuli, recently inaugurated
a US$135 million Kigamboni
Bridge built by Chinese in the
commercial capital Dar es Salaam,
saying the bridge will contribute to
the country's economic growth.
"The Chinese contractors have
done a good job," Magufuli told the
Chinese ambassador to Tanzania, Lu
Youqing.
The President thanked China for
the excellent job done by China
Railway Construction Engineering
Group (CRCEG) in a joint venture
with China Railway Major Bridge
Group (CRMBG).
The CRCEG/CRMBG project
manager, Zhang Bangxu, said they
employed over 5,000 Tanzanians as
President John Magufli cuts a ribbon as a sign of inaugurating Kigamboni bridge

recently in Dar es Salaam
local foremen and technicians who

have gained on-job experience.
"They can now be able to manage
projects of similar proportions," said
Zhang, adding that the construction
of the bridge has given CRCEG and
CRMBG credibility to undertake
A car run across the bridge
other construction works in the East

African nation.
The 680 meter-long bridge, the first
of its kind in East and Central Africa,
connects Dar es Salaam's business
district to Kigamboni creek.
The bridge, measured 32 meters
in width, has six lanes, three in each
direction. It also has two pedestrian
and cyclist lanes with a width of 2.5
meters, one on each side.
The president said the bridge was
also expected to boost the domestic
tourism sector in the planned
Kigamboni city, making it a holiday
beach.
Magufuli declined an offer to
name the bridge after his name, and
suggested that the bridge should be
named Nyerere Bridge in recognition
of the country's founding father -Mwalimu Julius Nyerere.
Started in 2012, the project was
jointly funded by the Tanzanian
government and the National Social
Security Fund (NSSF).
Tanzania:
Why Insurance
Industry's Growth
in Tanzania Is Slow
JBT SPECIAL
CORRESPONDENT
ANZANIA'S insurance market

is not growing at the required
level due to lack of updated
actuarial studies to ascertain market
trends for designing new products
and techniques of attracting new
customers, stakeholder says.
President of the Tanzania Insurance
Brokers Association, Mohamed
6
The Commissioner of Insurance, Hon. Israel Kamuzora with President of the

Tanzania Insurance Brokers Association Mohamed Jaffer.
Jaffer, said that the last time for the

country to carry out actuarial studies
was in 2013 which indicates that
available market data are outdated.

"We have to carry out actuarial
studies to know the way forward
Tanzanian Billionaire Mohammed Dewji

Joins Gates-Buffett Giving Pledge
JBT SPECIAL CORRESPONDENT
ANZANIAN
billionaire
Mohammed Mo Dewji has
joined the Giving Pledge,
promising to give away at least half of
his wealth to philanthropic causes.
Having witnessed severe poverty
throughout my upbringing, I have
always felt a deep responsibility to
give back to my community, Dewji
wrote is his Giving Pledge letter, which
he shared with this reporter. Dewji
credits his parents with instilling the
ethos of philanthropy, particularly
my responsibility as a Muslim to give

and care for the less fortunate in our
society.
Dewji is the first person from
Tanzania to join the pledge, which Bill
Gates and Warren Buffett launched in
2010 to spur more philanthropic giving
globally. The Pledge now counts 155
members from 17 countries. In June,
The Giving Pledge announced that 17
new members had joined over the past
year, including the three cofounders
of online lodging firm Airbnb. Early
members of the Giving Pledge include
Eli Broad and his wife Edythe, venture
for improving insurance business

through designing new products. We
expect that our co-operation with
KPMG will assist to build capacity
through training of experts and
carrying out actuarial studies," said
Mr Jaffer as the association signed an
agreement for co-operation with the
audit firm KPMG.
According him, actuarial studies
are the insurance surveys which are
conducted to predict market trends,
occurrence of risks such as accidents,
business mortality rates and forecast
of insurance growth.
He also said although the
University of Dar es Salaam has been
training experts in actuarial studies,
still they lack enough capacity due to
lack of professional practices through
specialized companies.
Clarifying on why the actuarial
study reports are outdated, Mr Jaffer
said they are very expensive and
there are no companies in the country
to hire for consultancy services on
actuarial studies.
"A single actuarial study for one
company costs not less than Sh100
million. Kenya and South Africa have
companies with capacity to undertake
actuarial studies, but Tanzania does
not possess actuarial company," he
said.
The head of Insurance East AfricaKPMG, Mr James Norman said
that they were committed to assist
the local insurance companies to
train experts so that the country can
possess many experts with capacity
capitalist John Doerr and his wife Ann,

and Facebook FB +0.32% cofounder
Mark Zuckerberg and his wife Priscilla
Chan.
There is no mechanism to require
Giving Pledge members to fulfill their
commitment. Many, however, were
already active philanthropists before
joining the pledge.
Mo Dewji, whom Forbes estimates
is worth nearly $1.1 billion, runs the
METL conglomerate in Tanzania,
with businesses that include textile
manufacturing, flour milling, edible
oil production and beverages. His Mo
Cola is deliberately priced below what
it costs to buy Coca-Cola. His father
founded METL, though Dewji has been
running it for 17 years. Dewji retired
from Tanzanias Parliament in early
2015 after completing two terms.
His Mo Dewji Foundation, founded
in 2014, has provided grants for
health care, education and business
development, among other things.
All the current and future projects
supported by the Mo Dewji Foundation
will be aligned to my philanthropic
vision of facilitating the development of
a poverty-free Tanzania. A future where
the possibilities, opportunities and
dreams of Tanzanians are limitless,
Dewji wrote in his Pledge letter.
He hopes that others will follow in
his footsteps. By signing this pledge,
I hope to inspire my peers, fellow
Africans and citizens of the world to
take a close look at the funds they truly
need to maintain their families versus
their ability to give, Dewji wrote in
his Pledge letter, adding: Ill leave
you with a few words I share with
many of my comrades: When God
blesses you financially, dont raise your
standard of living. Raise your standard
of GIVING.
to conduct actuarial studies.

"KPMG is committed to
support TABA for the country's
growth of insurance market
and businesses. We foresee big
insurance business in Tanzania
for the next two years. We gave
strong expertise in product design,
insurance business management
and industry ethics," said Mr
Norman.
According to him, there is
huge potential for development
of insurance industry in the
country but the missing link is
capacity to transform the industry
and maximize the use of such
potential resources.
UmojaSwitch:
leading pioneer in
financial interoperability
and inclusion in Tanzania
JAMES MCHARO
HE exciting
story
that
'UmojaSwitch'
has become started in
2006 when six banks
operating in Tanzania
conceived the idea of
creating a shared payment
infrastructure. That was
when
the
'UmojaSwitch'
network emerged as the solution
which the banks were seeking in
earnest, asthey struggled to have an
infrastructure that would provide
sterling electronic financial services
on a broader scale.
Finally, the six banks formally
teamed up and invested in a
shared infrastructure. In due course of

time and events, the product proved to be
the solution that was to also pull in other
banks as well.
The UmojaSwitch member banks
agreed to have shared automated teller
machines (ATMs) as the first delivery
channel for customers to access the
banks' financial services. In the event, the
member banks agreed to have common
branded ATM cards and ATM lobbies
with the Umoja logo and UmojaSwitch
signage respectively.
What all this meant was that customers
with an UmojaCard from any of the
member banks could use their UmojaCard
in any branded ATM regardless of which
bank they were banking with!
What with one thing leading to another,
the modal proved to be viable for member
MUCOBA Bank lists on Dar

JBT SPECIAL CORRESPONDENT
UCOBA Bank has become the first

upcountry bank to be listed on the
Dar es Salaam Stock Exchange
(DSE) after raising a capital of more than
TSH2 billion during its initial public
offering. (IPO)
The Mufindi-based lender, which started
as a community bank, was listed on the
DSEs main investment market segment
recently.
The Permanent Secretary in the Ministry
of Industry, Trade and Investment, Prof
Adolf Mkenda, said the listing showed that
even rural communities could be mobilized
to raise huge amounts of capital.
Prof Mkenda said since Tanzania aspires
to build an industrial economy, DSE can
be used as a catalyst for spearheading the
process.
The listing of MUCOBA Bank shows
that when people are mobilized it is possible
to raise capital for rapid industrialization,
he said.
At 10:00 am on the day of the ocassion,
Prof Mkenda rang the bell for launch trading
of MUCOBA Bank at Sh 250 per share at
the main market segment, whereby it will be
traded with a stock symbol of MUCOBA.
MUCOBA General Manager Ben
Mahenge said the bank, which had raised a
Mr. Atillio Mohele (Chairman) -Tanzanian
banks and, what with such economical

and advanced modality in the country's
financial sector, more banks were propelled
into joining the UmojaSwitch bandwagon!
Speaking in an exclusive interview
with JBT held in the nations commercial
capital Dar es Salaam, the UmojaSwitch
Company,Chief Executive Officer,Mr.
Danford Mbilinyi, said the number of
member banks has increased from the six
pioneering banks to 27 member banks
today!
This increase of member banks has
triggered innovation of improved services
and products designed to meet the market
needs of clients.
Parallel with that, the increasing number
of member banks has resulted in a direct
expansion of ATMs coverage from 30 to
more than 200 ATMs which are scattered
throughout the country. This means that
customers with an UmojaCard do have
access of ATMs regardless of their branch
proximity, Mbilinyi stated.
Due to a change in customer habits
and advancement in technology, Mbilinyi
says, UmojaSwitch has made tremendous
progress in expanding the business into
more delivery channels in order to cope
with dynamic trends in the market.
Apart from the ATMs channel,
UmojaSwitch has also developed a unique,
shared mobile banking application for
member banks to integrate and extend
mobile banking services to their clients.
The service was made available to

all community banks which now have a
competitive edge (in 'capturing' customers)
just like any of the big banks. This
initiative has proven to be more costeffective especially for the small banks,
the CEO stated.
In leveraging its infrastructure and
changes within the financial sector,
UmojaSwitch has implemented another
channel for its members: a shared agency
banking channel where banks can recruit
their agencies and serve UmojaSwitch
customers.
Apart from bank led model,UmojaSwitch
is in partnership with MaxiMalipo/
MaxiCom for banks to use their PoS in
places where bank has the presence.
UmojaSwitch working in collaboration
with Vodacom, Tigo and Airtel has entered
into an agreement for their customers to
transact using UmojaSwitch ATMs.
What this means is that customers
from Mobile Network Operators (MNOs)
can withdraw cash at any time using an
UmojaSwitch ATM even without having
an ATM card. In effect, MNO customers
are assured of getting cash during the day
or night time!
UmojaSwitch has gone the extra mile
within the East Africa region, partnering
with other regional switches including
KenSwitch in Kenya, InterSwitch
(Uganda) and RSwitch (Rwanda) to
facilitate cross-border card payments.
According to the UmojaSwitch CEO,

as a pioneer for an East Africa regional
integration for card payments, this means
that customers with an UmojaCard from
member banks are able to transact in
Kenya, Rwanda and Uganda.
This initiative will also enable all
UmojaSwitch ATMs to accept relevant
cards from the other contracted countries.
Internationally, we are in partnership
and
collaboration
with
UnionPay
International, which is one of the leading
firms for international card scheme from
China. The card scheme is top-ranked as
being among the best performers of card
payments across the world, Mbilinyi
noted.
The integration will enable customers
with UnionPay International cards to
transact via UmojaSwitch ATMs in
Tanzania.
More efforts have been made for the
member banks to issue the UnionPay. As a
next phase, the Switch is looking ahead to
connecting with other international Switch
systems like Visa and MasterCard, he
revealed.
This innovation and partnership have
made a large impact in the financial
sector, whereby institutions have been
able to deliver financial services in very
remote areas, which could not have been
reached before... This is a boost to financial
inclusion in particular and Tanzania's
economy at large.
Board Members of MUCOBA Bank.

capital of more than TSH 800 million before
the IPO, had been paying dividends to its
shareholders for eight consecutive years.
According to him, the bank has 45,500
customers with total deposits of TSH 14.3
billion.
DSE Chief Executive Officer, Moremi
Marwa, said the listing of Mucoba brings
to 24 the number of businesses listed on
the bourse. Seventeen of the companies are
local and the rest foreign.
Mr. Marwa said out of 17 listed
Tanzanian companies, 12 are in the main
market segment and five are listed on the
Enterprise Growth Market segment. There
is still a need to list more companies.
The founding chairman of Mucoba Bank,
Mr. Joseph Mungai, said the bank started in

1998 with a capital of only TSH 50 million.
MUCOBA is located in Mufindi District
-- a remote area in southern Tanzania -about 700 km from Dar es Salaam. Parts of
Mufindi are fertile, but remote villages are
sometimes inaccessible during the rainy
season because roads are bad.
MUCOBA
Bank PLC,
formerly
known as Mufindi Community Bank Ltd
(MuCoBa) was the oldest community bank
in Tanzania incorporated in December 1998
and licensed by Bank of Tanzania (BoT) in
May 1999 to offer banking services to the
communities of Mufindi and neighboring
districts. It opened its doors to the public
in June 1999. MuCoBa was formed as a
result of increased demand for financial

services within the district. Its origin dates
back to 1984 when Mufindi Education
Trust (MET) was formed with a grant from
ACT (a Belgian NGO which later on was
renamed to TRIAS) to promote secondary
education in the district. MET started a
revolving fund (Incomet Ltd Fund) in 1996,
which was later taken over by MuCoBa.
Shareholders who contributed towards
initial share capital of TSH50 Million were
Mufindi Education Trust (MET), Mufindi
District Council, Incomet Ltd, Incofin
Tanzania Ltd, Mufindi Teachers SACCOS,
MET and Incomet Workers SACCOS and
Mr. J.J. Mungai.
President John Magufuli (left) opens a

curtain to unveil a foundation stone for
construction of a flyover at the intersection
of the Nelson Mandela Expressway and
Nyerere Road in Dar es Salaam,recently
I would like to
acknowledge the
efforts and support
of the government
of Japan which has
provided a grant of
TSH93.438 billion.
A further TSH
8.26 billion will
be contributed by
the government of
Tanzania.
10
Traffic jam set to ease as construction

of TAZARA flyover begins
JBT CORRESPONDENT
HE long awaited foundation

stone for the construction of
a flyover at the intersection
of Nelson Mandela Expressway and
Nyerere Road in Dar es Salaam was
officially laid on April 16, 2016 by
President John Magufuli to kick off the
governments massive infrastructure
improvement drive in the commercial
capital city.
According to President Magufuli,
the construction of the first flyover in
the country is one of the many massive
projects that are ongoing and about to
take off that are aimed at decongesting
the city of Dar es Salaam.
In two years time, the usual
45-minutes plus trip from the Julius
Nyerere International Airport (JNIA),
to the city centre would be cut down
to 15 minutes, upon completion of the
project In 2015 during the campaign
trail, many didnt believe me when I
said that a flyover would be built here.
As they say, a promise is a debt.
Well, I am repaying that debt with
the laying of this foundation stone, he
said at the projects launch ceremony
over the weekend. Whilst thanking
the government of Japan for the grant
of 93.438bn/-, which he reminded
the public was taxpayers money,
he said that if more Tanzanians saw

the importance of paying taxes and
then there will be more development
projects.
The Head of State highlighting more
on the bigger picture of decongesting
Dar es Salaam and investment in
infrastructure, said that the government
had set aside 1trl/- in this years budget
where the construction of a railway of
standard gauge from Dar es Salaam to
the central corridor will start. We want
to see that by the time development
partners come in for the project,
construction will have already begun.
If the construction goes at least
as far as Ruvu, we plan to build an
establishment that will enable lorries
to pick up cargo from Ruvu instead of
coming into Dar es Salaam, he noted
adding that the government plans also
to install CCTV cameras aboard the
trains transporting the cargo to Ruvu
from the port to facilitate their tracking
until their final destination.
According to Tanzania National
Roads Agency (Tanroads) Chief
Executive, Engineer Patrick Mfugale,
the four lanes flyover will reduce 80
per cent of the time spent to travel
from the airport to the city centre. The
construction of the flyover is expected
to take 35 months and will include the
construction of a 425-metre bridge.
The Japan International Cooperation

Agency (JICA), Representative, Mr
Toshio Nagase, says traffic congestion
in Dar es Salaam is known to be a
severe problem in Tanzania and that
according to estimates of the National
Bureau of Statistics (NBS), a total of
411.55bn/- was lost in the year 2013
alone due to the congestion emphasized
that Tazara flyover will become a longlasting symbol in opening a new era of
Tanzania-Japan partnership.
It will contribute to a better life
of the citizens of Dar es Salaam
and for the economic growth of not
only Tanzania but of neighbouring
landlocked countries that are connected
with central corridor and the Dar es
Salaam corridor, Mr Nagase observed.
The Prime Minister, Mr Kassim
Majaliwa, directed the heads of
institutions involved in operating the
Dar es Salaam Rapid Transit (DART)
project to embark on an awareness
campaign to protect the infrastructure
and ensure the same operates efficiently.
You should ensure that enough
knowledge on how to cross the roads
is provided to the residents including
blocking motorcycle riders using the
roads during this trial phase, said Mr
Majaliwa.
The PM issued the directives in Dar
es Salaam when he held talks with
stakeholders of the project at which he
urged them to expand their scope and
make use of as many media houses and
social media as possible in creating
awareness so that the residents would
be educated on the ongoing exercise.
Early last year Tanroads and M/S
Sumitomo
Mitsui
Construction
Company
(SMCC),
signed
an
agreement for the construction of
a flyover at Tazara Junction worth
TSH101.6 billion. Construction work
begins as soon as possible.
Speaking during the signing
ceremony, the then Minister of Works,
Dr John Magufuli, said the projects
implementation was important for the
country, as it will lead to road traffic
decongestion in Dar es Salaam and
contribute to the citys development.
I would like to acknowledge the
efforts and support of the government
of Japan which has provided a grant
of TSH93.438 billion. A further TSH
8.26 billion will be contributed by
the government of Tanzania, said Dr
Magufuli.
Construction work on the project will
take 35 months and its completion will
lead to improvement in the countrys
economy. The main goal of the project
is to link various parts of the country
You should
ensure that enough
knowledge on how
to cross the roads
is provided to the
residents including
blocking motorcycle
riders using the
roads during this
trial phase,
through construction of roads and

bridges and I can assure Tanzanians that
this has been achieved by the Ministry
of Works through the support of the
government, the minister pointed out.
After the projects completion, Dar
es Salaam will set an example for other
cities in the continent, he said further
noted that the project has continued to
cement the good relations which have
existed for a long time between the
government of Tanzania and that of
Japan.
According to Chief Representative
of JICA Tanzania Office, Mr Toshio
Nagase, affirmed that traffic congestion
in Dar es Salaam is understood to be a
crisis.
Estimates by the National Bureau of
Statistics (NBS), has shown that a total
of 411.5bn/- was lost in 2013 due to
decongestion efforts, said Mr Nagase.
The government of Japan through
the President at State House early last

year.
Ms Bird paid the President a courtesy
call, during which she reiterated the
banks commitment to funding various
development activities. Ms Bella told
JICA in supporting the improvement of

transport in Tanzania started with the
construction of the Selander Bridge in
1980. The two values of this flyover
includes easing traffic congestion in the
city.
The flyover will also contribute to
the improvement of the livelihoods
of citizens and national economic
growth as well, he noted. SMCC
will perform the construction work
with speed, beauty and safety in the
highest standards, while JICA remains
committed in supporting the project, he
said.
The World Bank (WB) said that it is
impressed by various measures taken
by President John Magufuli to tackle
runaway government expenditure.
The banks country representative, Ms
Bella Bird, described the reforms as
satisfactory during a meeting with
Dr Magufuli the WB had supported

Tanzania in the implementation of 29
development projects amounting to
US$4 billion.
The Permanent Secretary in the
ministry of Finance, Dr Servacius
Likwelile, named some of the projects
as the expansion of the Dar es Salaam
Port, revamping of the central railway
into a standard gauge as well as in
the implementation of the Southern
Agricultural Growth Corridor of
Tanzania (SAGCOT).
Other projects includes the Tanzania
Social Action Fund, Dar es Salaam
Rapid Transit (Dart) road and the
construction of a flyover in Ubungo.
President Magufuli has won praise
in and outside the country over the
measures he has taken to reduce
government expenditure and increase
revenue collection.
11
BOA lends over TSH5.4 billion

through Home Finance in Tanzania
HE mortgage finance sub-sector in Tanzania keeps growing

by the year. The Bank of Africa-Tanzania (BoA-Tanzania)
is a member of the Tanzania Mortgage Refinance
Company (TMRC). The latter was established for the main
reason of providing member banks with ready access to longterm funding which, in turn, enables member banks to lend
the funds out as mortgage loans. Through partnering with
TMRC, BOA-Tanzania is able to acquire long-term funds,
which must be used to increase the banks mortgage
portfolio. Since its launch, BOA-Tanzania has been
able to grow its mortgage portfolio to just over
TSH5.4 billion, which it has lent out to individuals
for their residential property needs. In an exclusive
interview with a JBT Staff Writer, the BOATanzania Managing Director, AMMISHADDAI
OWUSU AMOAH, ranged far and wide upon
performance of the Home Finance services in
Tanzania and much more. The excerpts
JBT: Home Finance loans are

normally long-term. Briefly, tell
our readers how you do manage to
finance them?
AMMISHADDAI
OWUSU
AMOAH: Bank of Africa-Tanzania
is a member of the Tanzania Mortgage
Refinance Company (TMRC). TMRC
was established for the main reason
of providing member banks with easy
access to long-term funds which,
in turn, enables member banks to
lend the funds out as mortgage loans.
Through partnering with TMRC,
Bank of Africa-Tanzania (BoATanzania) is able to acquire long-term
funds which must be used to increase
the banks mortgage portfolio. So,
our Home Finance is up to 20 years.
QUESTION: What is the
performance of the banks
mortgage services so far?
ANSWER: Since the launch, we
have been able to grow our mortgage
book to just over TSH5.4 billion,
which we have lent out to individuals
for residential property needs. We
anticipate that with our participation
in TMRC, NHC (National Housing
Corporation) and other partnerships
12
with different institutions in this year

we should be able to triple and
even quadruple Home Finance
loans for residential properties for
individuals by the end of 2015.
With the increase in the availability
of affordable housing, an increasing
number of lower- and middle-income
earners will be able to benefit from
mortgage loans. There are a couple of
projects for NHC Eco Village and
AVIC Towns which are under way
and, as such, many customers have a
variety of houses to choose from.
Q: Owning a house through
a mortgage is not common in
Tanzania. how can this culture be
cultivated?
A: Slowly people are recognizing
the importance of property ownership
and the role the banks play in helping
individuals own their own homes.
People are slowly changing their
mindsets with regard to mortgage
loans and, indeed, other bank
loans for that matter! Historically,
we have witnessed a lot of home
owners constructing their own homes
which, usually, takes an average of
5-to-10 years to complete. But, at the
same time they are constructing their

own houses, they continue to pay rent
for their current accommodation!
In the event, they incur fluctuations
in prices over time and the house
also wears out whilst still under
construction.
By the time they have finished
constructing, the house design may
have become outdated; the individual
may be nearing retirement age and
they would have spent more than they
should have as they have been buying
raw materials at different prices due to
the time-span spent on construction!
Now, however, with a Home
Purchase Loan, for example, an
individual is able to buy a complete
residential house and move in
immediately. They start paying off
their mortgage whilst staying in their
own house and immediately escape
the hustle of paying rent.
Also with our Home Completion
Loan, an individual is able to get
a loan towards the construction of
his/her house, which will take them
less time to complete compared to
using one's own funds sporadically
obtained from time to time. Therefore,
individuals will move into their own

property in a timely manner even
as they continue servicing their
mortgage loan. So, we anticipate that
with time and positive economic
conditions a lot of Tanzanians
mindsets would have been changed
for the better when it comes to
mortgage loans.
Q: Many people in Tanzania
believe that a mortgage is a burden.
What is your comment on this?
A: Any loan is only a burden when
the borrower hasnt planned out well
on use of the funds... Or they let the
loan go on longer than needed. If a
borrower were a responsible borrower
who takes out a bank loan with clear
goals and objectives and also makes
sure that repayments are made to the
bank on time, as well as maximizing
on opportunities to decrease the loan
amount from time to time we would
witness a growing number of happy
responsible borrowers who would
have nothing but positive things to
say about bank loans!
Q: How or rather why are
mortgages an essential aspect of
financial development, and a major
product for every developing
economy?
A: Home ownership is an essential
human need, as each grown individual
will eventually start a family, and will
need to own a home in which to raise
that family. As more and more people
become able to increase their earning
capacity, and as the middle-income
earners keep on increasing, so does
the need to own a home. The easiest,
most affordable and logical way to
own a home is through mortgage
financing. That is why mortgage
loans are increasingly popular in
developing economies.
We are witnessing growth in the
middle-income earners segment of
Society in most developing countries
and, as such, there will be an
increase in demand for mortgage
loans, with more and more individuals
then being able to afford to own their
own homes.
Q: How is the Bank of Africa
Tanzanias Home Finance product
fairing so far?
A: When you compare the Home
Finance product features of Bank of
Africa-Tanzania with other banks
with similar products, you will see

that our product far outweighs the
products of other banks! A lot of our
product offerings favour individual
borrowers/customers.
Our interest rates are a relatively
low16 per cent. Our loans are for
purchasing a house, completion of
house construction, or the release of
already-built houses, as well as for
enabling a borrower to obtain cash for
another investment. We understand
that a mortgage loan is a long-term
commitment between the bank and
the individual borrower; that is why
we have put in place favourable
lending terms compared to other
loans.
Q: What are the challenges
facing banks which venture into
the mortgage financing sector in
Tanzania?
A: The number one challenge faced
by banks when it comes to offering
mortgage financing to the general
public is the unavailability of longterm funds for banks to match.
The other challenges we have
witnessed are unfavourable market
conditions; mismatch in supply and
demand of houses in the market;
negative perception of mortgage loans
among the general public, as well as
an alarming number of individuals
who own houses without proper legal
documentation!
House prices are relatively high in
Tanzania, largely due to speculation.
However, some of these impediments
are slowly being mitigated through,
for instance, the setting up of
TMRC; an increased supply of lowcost housing by NHC; changing
perceptions of mortgage loans by the
public, and so on.
Q: What should be done to
improve the mortgage finance subsector in Tanzania? What is the role
of Public/Private Partnerships?
A: There are a few challenges that
still belabour the mortgage market...
But through working together
we will be able to curb these
problems, and put an end to slums,
informal dwellers and settlers, illegal
land grabbing, etc! Public/Private
Partnerships will perhaps also mean
quicker title deeds processing, the
availability of affordable and highend housing units, and so on.
Q: The rate of loan repayment

has remained one of the greatest
fears among Tanzanians in the
mortgage sub-sector. How can
this be solved?
A: The Bank of AfricaTanzania is the lowest in the
market when it comes to (interest)
rates for mortgage loans; we
currently charge 16 per cent.
(This is despite the fact that rates
for all the banks depend on the
same factors, which include the
prevailing inflation rate; economic
stability; the banks own cost
of funds, Treasury bills rates,
the banks margin depending
on administrative costs, etc. All
these factors need to be put in line
for the rate to significantly change
or improve.
Since most of the factors are
outside an individual banks
control, it is hard to put a timeline. However, we have witnessed
more stability in the economy
in recent years as well as a
lowering of the T-bills rate by the
central Bank of Tanzania (BoT)
which, in the coming years, will
mean a lower rate for borrowers.
Also, with the help of TMRC, the
banks will be able to borrow at
lower rates and should, in turn,
be in a position to pass this benefit
on to borrowers.
Q: Is the legal framework
in Tanzania conducive for the
growth of the mortgage subsector?
A: The legal framework in
Tanzania has improved following
reforms in the country's land
laws. These include the provision
of unit title deeds; the processing
of unit sub-titles, and a wider
availability of surveyed plots,
as well as legal sale proceedings
when a borrower defaults, etc.
Further developments are in
areas such as debt ratio, and
maximum tenure for the loan.
Collateral
replacement
indemnity is also a good concept
to support customers with little
down-payment. We need to
see developments in the legal
framework so as to go hand in
hand with growth in the mortgage
sub-sector.
13
14
DCB Commercial Bank Plc
Live your Dreams with

DCB Home Loans
Repayment
period
5-15
Years
It is a simple loan
Renovation
Expansion of existing home
Construction
Land acquisition
Processed within 7 days

For Loan application, visit our Branches today
0784 210 358
twitter.com/dcb2002
0782 195 057
0787 353 873
facebook.com/dcbbank2002?_rdr
www.dcb.co.tz
dcb-bank.blogspot.com/
Terms and conditions apply
15
JBT
DIPLOMACY
"The future of
China-Tanzania
friendly cooperative
relations can
be summarized
as follows: an
unstoppable trend,
out of peoples
wish, with solid
foundation, with
broad prospect.
China/Tanzania friendship 'an unstoppable

trend,' Chinese Ambassador firmly asserts
Recently, Tanzania and China celebrated 50 years of
excellent diplomatic relationship. In the following exclusive
interview conducted by JBT Editor ERIC TOROKA, the
Chinese Ambassador in Dar es Salaam, Dr. Lu Youqing,
gives our esteemed readers an update assessment of socioeconomic developments between the two countries, as well
as the future of such and other relations. The excerpts...
QUESTION: As regards 50 years of
Tanzania-China relationship, could you
please tell our readers how you assess the
socio-economic development of the two
countries and future relations?
ANSWER: During the state visit of
Tanzania's President Jakaya Kikwete to
China last year, leaders of both countries
spoke highly of the bilateral relations, and
decided unanimously on building ChinaTanzania relations as a model in the context
of China-Africa relations in four aspects.
These are namely: the model of all-weather
friendship; the model of mutual beneficial
cooperation; the model of comprehensive
and common-progress development, and
the model of peace-promoting and interestsharing in international cooperation. This is
the guideline for future development of our
bilateral relationship.
16
China is a sincere friend and intimate

partner of Tanzania's. We will work
together with our Tanzanian friends to
establish Tanzania as the hubs in East
Africa of Logistics, Manufacturing,
Tourism and ICT. To achieve this, we have
made a series of investments, such as the
optic-fibre communications network; a
comprehensive development programme
in Bagamoyo; and direct flight services
from China to Tanzania. In line with the
principle of 'Driven by large enterprises
and large projects,' we will encourage more
investments in projects of interest for the
Tanzania Government and its people.
Q: With the good China/Tanzania
diplomatic,
political
and
other
relationships that have lasted for 50
years, our readers would like to know
more on trading between the two friendly
countries What is the trade volume/value

in terms of exports and imports between
the two countries?
A: The economic cooperation between
China and Tanzania has been developing
steadily. In 2011, the bilateral trade volume
reached 2.1 billion US dollars. In 2012,
it rose to 2.5 billion US dollars. In 2013,
it recorded a 49 per cent increase to 3.7
billion US dollars.
Tanzania mainly imports from China
chemical products, rubber products, textiles,
shoes, mechanical and electrical products,
road construction equipment, agricultural
machinery. Agricultural products are the
main exports from Tanzania to China
such as cashews, cotton, leather, etc which
are very competitive in the market, and
contribute a lot to increase the income of
the Tanzanian people.
In order to encourage more exports from
Tanzania to China, the Chinese Government
routinely takes a series of measures. From
the year 2014, 95 per cent of the Chinese
imports originating from Tanzania enjoy
zero tariff, a unilateral preference in trade.
China also promotes Tanzanian tobacco and
fishery products in the Chinese market. Both
Governments are negotiating an agreement
on avoiding double taxation so as to reduce
trading costs, as well as enhance the level
of trade facilitation and, thus, advance the
bilateral trade to a new level.
Q: You have been working in

Tanzania for sometime now; kindly tell
us your priorities during your tenure as
ambassador?
A: During my tenure as ambassador in
Tanzania, my job's priority is promoting
high-level visits by leaders of both countries
in efforts to consolidate political trust,
broaden economic cooperation and upgrade
our level of cooperation. I've also been
encouraging people-to-people and cultural
exchanges to cement the public-opinion
foundation of bilateral cooperation.
Three years ago when I first arrived
in Tanzania, I thought the bottleneck in
Tanzanian development is energy shortage.
In that regard, I concentrated on this area
and contributed to a number of projects, like
the upcoming natural gas pipeline; a coalfired power plant, a hydro-power plant, etc.
In the next few years, the seemingly endless
power shortage will be greatly relieved.
Now, I found another major barrier
to Tanzanian development is the lack of
skilled workers. Chinese companies often
complain that they cant find qualified
workers in Tanzania.
Chinese firms have already created
150,000 job opportunities in the local
labour market which outnumbers all the
other countries operating in Tanzania! If the
country can improve the level of its human
resources, I believe Chinese companies
will employ more local staff. I am planning
to help the Tanzania Government build
some vocational training schools so as
to contribute that much more to national
development.
Q: What opportunities do you see for
Tanzania and China in establishing even
deeper, stronger socio-economic ties?
A: In recent years, Chinese investment
in Tanzania has increased rapidly. China
has become the number two source of
Tanzania's foreign direct investment (FDI).
I think there are four reasons for that.
Firstly, the Tanzanian economy is growing
rapidly, with the average incomes of
ordinary people noticeably increasing, and
market expansion while more attractive
investment opportunities are opening up.
Secondly, the Tanzania Government
attaches great importance to attracting
investment. Government efficiency is
improving, while the social environment is
safe.
Thirdly, the successful visits of the
President of the Republic of China, Xi
Jinping, and the President of the United
Republic of Tanzania, Jakaya Mrisho
Kikwete, to each others country injected
more dynamics to the development of
bilateral cooperation. Fourthly, the two
Governments deal with
investment
problems by the principles of 'sincerity, with
good results, affinity and good faith.' So,
we play a better role as a bridge to further
promote the already existing economic
cooperation.
Q: How would you appraise the future
relations between the two countries in
the economic sectors of manufacturing,
Former Prime Minister of Tanzania and former Secretary General of the Organization of
African Unity Dr. Salim Ahmed Salim, who participated in the decision-making process
of supporting the building of Tanzania-Zambia railway in the 1970s.
Mining, Energy (Oil & Gas), Education,
Agriculture, and Infrastructure among
others?
A: By evaluating the cooperation and
other relations in Manufacturing, Oil and
Gas, Mining, Education, Agriculture and
Infrastructure... Well; China has many
projects in Tanzania. Two years ago,
China was not among the Top-10 foreign
investors in Tanzania. But, it has rapidly
risen to number two position as Chinese
investments concentrate on Tanzanias most
needed industries, namely Agriculture,
flowers
(horticulture),
Construction,
Decoration
Materials,
Motorcycles,
Garments, the Cotton and Tea sub-sectors,
Livestock (cattle), Manufacturing, Power
Plants, etc.
Currently, Tanzania is short of electricity,
and we are assisting with the construction of
the 553-kilometre natural gas pipeline from
Mtwara to Dar es Salaam. After completion,
it will save the government at least one
billion US dollars in foreign reserves by
eliminating the need to import fuel for
power generation.
As it is today, there are over 500 Chinese
companies which have invested in Tanzania,
creating 150,000 jobs.
More projects are on the way, including
two gas-fueled power plants, one coalfired and one hydro-power plant, whose
completion in about two years will ensure
no more power cuts in Tanzania!
We will also provide assistance in the
form of soft loans to support Tanzanias
endeavor to build three power transmission
networks, namely a Northeast Grid, a
Northwest Grid, and a Dar-to-Dodoma
Grid.
China and Tanzania will also join together
to develop Bagamoyo Port, and build a
modern city and an export processing zone
in the area.
China routinely offers over 1,000
training opportunities and 120 Government
scholarships to Tanzania every year. The
Chinese Embassy in the country, working
together with local Chinese companies,

have as always provided assistance
to Tanzanias Education sector within
its capacity including the building of
classrooms and water wells, as well as
donating school desks and textbooks.
Just a few months ago, the Embassy
went to Mara Region where it made a
donation to a primary school at which
Mwalimu Julius Nyerere had studied. We
also established a 'Chinese Ambassadors
Scholarship' scheme.
Q: Kindly share with our esteemed
readers your vision on how you see
Tanzania/China relations developing in
the next five years or so...
A: The China/Tanzania relations in the
next five years...? The future of China/
Tanzania friendly cooperative relations
can be summarized in four phrases: 'an
unstoppable trend, out of peoples wish,
with solid foundation, with broad prospect!'
The
China/Tanzania
cooperative
partnership of mutual benefit and winwin cooperation will continuously climb
to higher levels. China and Tanzania are
bound to become the most reliable friends,
and most sincere partners for each other,
shaping (our) communities with a common
destiny.
The two parties trust and support
each other politically, maintaining close
coordination in major international and
regional issues. We firmly support each
other especially in matters concerning
each others core interests.
After realizing the '2025 Development
Vision' with Tanzania becoming a middle
income country a solid material foundation
will be in place to promote closer economic
and trade relations, whereby development
can never be stopped by any force.
Meanwhile, we shall see a more
deepened and interactive people-to-people
exchanges, with more Tanzanian culture
and art coming to China and numerous
Chinese tourists coming to Tanzania.
17
Tanzania:
Covenant Bank for Women

scoops Awards overseas
Ms. Mwambenja, MD, walks away with three Awards!

18
SPECIAL REPORTER, DUBAI
HE Dar es Salaam-based Covenant Bank for Women-Tanzania Limited (CWB) recently

scooped the 2015 Global Champion
in Women Economic Empowerment
Award (Africa) at a function which
was held at the Shangri-La Hotel in
Dubai.
In line with that, the Banks Managing
Director, Ms. Sabetha James Mwambenja, was also awarded three different
recognitions. These are the "African
Female Leadership Impact Award,"
"Certificate of Induction into Global
Women Leaders Hall of Fame," and a
Resolution of Commendation by the
Legislative Black Caucus of the State
of Georgia General Assembly!
Covenant Bank for Women Tanzania
Limited was represented by to Ms.
Mwambenja and the Chairman of
the Bank, Ambassador Salome Sijaona and award was presented by H.H
Sheikh Juma Al Maktoum, Patron for
the South America-Africa Middle East
Asia Women Summit at Gala Dinner
held on December 13, 2015 at ShangriLa Hotel in Dubai.
presented a paper on Successful

Women Entrepreneur.
The event was jointly organized
and executed by the Centre for Economic & Leadership Development,
an organization working in special
consultative status with the United
Nations Economic & Social Council
(UN-ECOSOC) and its strategic partner, the United States-based National

Organisation of Black Elected Legislative Women (NOBEL-Women).
This latest event is an unprecedented
Summit which was geared up to
bring together the most influential
and prominent women, as well as key
In the event, the Summit proved to be a premier

gathering of women and key stakeholders from
Africa, Middle East and Asia, who debuted with
a record attendance of more than 700 delegates
from 35 countries in the maiden and 2014 Summit
editions.
During the Summit, Ms. Mwambenja

stakeholders, from South America,
Africa, the Middle East and
Asian regions under one roof. The
objective was to discuss the need to
recognize and seize upon untapped
and profitable opportunities which
economic and political engagements
present.
In the event, the Summit proved to
be a premier gathering of women and
key stakeholders from Africa, Middle
East and Asia, who debuted with a
record attendance of more than 700
delegates from 35 countries in the
maiden and 2014 Summit editions.
With the introduction of women from
19
map out ways of strategically engaging women in developing nations in

the forefront of peace and security
issues and, thereby, securing prosperity for these nations!
To that end, the CELD Executive Director, Furo Giami, handed over the
two prestigious international awards
to the Managing Director of the Covenant Bank for Women (T) Ltd, Ms.
Sabetha James Mwambenja.
South America, the 2015 edition of the

Summit recorded a wider participation
of First Ladies of some of the participating nations, as well as female
government leaders, successful entrepreneurs, international development
organizations, existing and prospective investors, financial institutions
and upcoming high-growth, womenled start-ups.
The December 2015 Summit was under the theme Inclusive Leadership:
Key to Peace, Security and Leadership
Developing Nations.
The Centre for Economic & Leadership Development (CELD) is utilizing
the platform of the 3rd Edition of the
South America-Africa-Middle EastAsia Women Summit (SAMEAWS) to
To that end, the CELD

Executive Director,
Furo Giami, handed
over the two prestigious
international awards to
the Managing Director
of the Covenant Bank
for Women (T) Ltd,
Ms. Sabetha James
Mwambenja.
20
CELD Awardees include a former

President of Malawi, Her Excellency
Joyce Banda; a former Vice-President
of Zimbabwe, Joyce Mujuru; UAEs
Minister for International Cooperation Development, Her Exellency
Sheikha Lubna Bint Al Qasimi; the
First Lady of the Republic of Ghana,
Ms. Lordina Dramani Mahama, and
the immediate-past First Lady of the
United Republic of Tanzania, Mama
Salma Kikwete.
Other Awardees are the Shurooq
Chairman, Her Highness Sheikha
Bodour Bint Sultan Al Qassimi; the
wife of the Premier of Malaysia, Her
Excellency Datin Paduka Seri Rosmah Mansor; the First Lady of the
Republic of Burundi, Denise Bucumi

Nkurunziza; the First Lady of the
Republic of Namibia, Penehupifo Pohamba; the wife of the-then Premier
of Kenya, Dr. Ida Raila Odinga; and
the Chairman of the Arab International Women Forum (UK), Mrs. Haifa Al
Kaylani.
Yet others are notable international
business and political female leaders, as well as the wives of various
State Governors and Regional Heads.
Among them are Wendy Luhabe of
South Africa; the Speaker of the Par-
liament of Uganda, the Right Honourable Rebecca Kadaga; the immediatepast Speaker of the Parliament of
Tanzania, the Right Honourable Anne
Makinda; the House Leader of the
Nigerian House of Representatives,
Honourable Mulikat Adeola-Akanda.
21
JBT TOURISM INDUSTRY

JBT CORRESPONDENT
Golden Tulip
Dar es Salaam
City Center Hotel
22
AS the winter season gave way to summer in Tropical Africa, Tanzanias

leading metropolis and the countrys de facto capital, Dar es Salaam
once again basked in the glory of a refreshingly new establishment
called the GOLDEN TULIP DAR ES SALAAM CITY CENTER
HOTEL, formerly known as The Grand Hotel & Residences.
The hotel is located 14km from the countrys leading Airport, the
Julius Nyerere International Airport (JNIA) in the heart of the city.
along Jamhuri Street in a brand new 21-storey Design Tower, the
CITY PLAZA. The Tower boasts Office Spaces, Shops, Apartments,
Hotel Rooms, Conference Facilities, Restaurants, a Gym and a Special
Prayer Room.
Occupying the top floors of this modern building, GOLDEN TULIP
DAR ES SALAAM CITY CENTER HOTEL offers magnificent views
of the Indian Ocean, Dar es Salaam Harbour and Downtown Dar, the
nations most famous metropolis of abut five million denizens.
It is situated a few minutes walking distance from the Magogoni Ferry
across the Harbour Channel and to the fast-developing Satellite City of
Kigamboni that is replete with pristine beach attractions; the Magogoni
Ferry International Fish Market, the Kariakoo (Carrier Corps) Market
and a host of other smaller open-air markets as well as all-purpose
Shops; a state of the art Golf Course at the historic Gymkhana Club, and
choicy Night Life.
The GOLDEN TULIP DAR ES SALAAM CITY CENTER HOTEL
is Alcohol-Free, and has on offer to esteemed guests 52 Rooms
(smoking and non-smoking rooms), all located above the 14th Floor,
with a selection of 36 Superior Rooms, 12 Deluxe Rooms, and four
(4) Junior Suites.
The exotic city centre location of the Hotel creates a Perfect Setting
for a Conference Centre, complete with seven (7) versatile meeting
rooms and breakout spaces, a complimentary Business Centre, Audio/
Visual (A/V) resources and full Halaal catering services.
The Meetings Rooms have the capacity to accommodate from ten
(10) to 125 guests, with a wide range of equipment to cater for all
Business and Events needs.
Also, the 21st Floor is special for exotic gala events, such as dinners
and cocktails and similar intimacies.
The Fire Restaurant which is a signature Halaal restaurant of
the Hotel is located on the Ground Floor of the building, with its own
entrance and car parking space.
Fire has become one of the favourite addresses of the culinary scene
in Dar es Salaam. Come one, Come ALL to enjoy the Chefs Grill, Fry
or Fire Up the most delicious delicacies in front of your eyes behind
an elegant glass window.
The Citrus Lounge, located on the 20th Floor, is reserved for residents
of the Hotel. It routinely offers a wide range of light snacks, salads and
fresh juices. Citrus is a great place from which to watch the sun rising
from the sea to the East, and setting on the city.
23
Dr. Msenga gears up for

Mining Tourism College
Gets over hundreds
visitors annually
Exports mining
to overseas
I am a miner, having
been digging for
minerals for quite a
long time, Dr. Msenga
states. One day I
developed the idea
of starting a Mining
Tourism Fair. As it
turned out, Tanzania
is today the only
country in Africa which
organizes this kind of
tourism as a regular
event.
24
ERIC TOROKA
ANZANIA is phenomenally
endowed with natural
resources, some of which are
not found in many another country
on Planet Earth. Among them are
a plethora of assorted wildlife and
extractives such as Minerals, Oil and
Natural Gas, including Helium
Yet, the country is still home to
one of the world's twenty poorest
populations, a mere 50 million of us.
Tanga is among the country's
leading regions which have many
tourist attractions which if they are
developed and advertised would
attract international tourists as a
matter of course, thereby boosting
the tourism business into further
contributing immensely to the
Economy.
Among the tourist sites thata re
already available in Tanga are the
historic Amboni Caves; the Galanos
Hot Springs; the Saadani National
Park; Totten Island; the URITHI
Tanga Museum; Tanga War Graves &
Memorials; the Tongoni Ruins, the
Ndumi Village Defence Works; the
Mwarongo Sand Beaches and
Protected Coastal Mangroves.
The region also has a functional
deep water harbor, with great
potential as an entrept. Tanga Port
whose major exports include
sisal, coffee, tea and cotton is in a
good position to serve a
cluster of landlocked countries in
the region, including Uganda,
Rwanda, Burundi, eastern DRC,
Zambia and Malawi
Tanga is also an important railroad
terminus, connecting much of the

northern Tanzanian interior
with the vast Indian Ocean coast.
The metropolis is linked to the
African Great Lakes region and the
country's economic capital of Dar es
Salaam via the Tanzania Railways
Corporation's Link Line and Central
Line.
Moreover, the region is well-served
by Tanga Airport.
The harbour and its surroundings
make the centre of life in Tanga,
stretched out several km into the
countryside, with several markets
in neighbourhoods.
Tanga's many gifts of natural assets
such as natural forests, rivers,
mountains and site landscape image
of beautiful nature, historic sites,
parks, woodlands, animals have
made the Chief Executive Officer
(CEO) of Najim Company Limited,
Dr. Najim Zuberi Msenga, to venture
into the promotion of mining
investments. He has also constructed
a four-star hotel in Tanga.
Future outlook
Firstly, the CEO's future plans are
to expand and extend the tourism
business in Tanga Region in
general, and the Mining Tourism
concept in particular thus palpably
transforming the sector by the Year2017!
Secondly, the firm owns a plot that
is suitable for the construction of
sports facilities. In the event, Dr.
Msenga intends to build a Mining
Tourism College in the place. This
will enable more people to learn
lapidary activities, as well as

marketing and other entrepreneurial
endeavours.
In the first phase, we anticipate to
initially use USD450,000 and
USD550,000 in the second
phase to ensure that our goals are
attained
in full, Msenga says, adding
that his Group of Companies is
currently
bearing all the costs to upgrade to
tarmac level the Daruni Road to
Kigwasi.
Dr. Msenga is a native and
resident of Bumbuli, where he was
born and
raised. As one of the most
successful entrepreneurs in Bumbuli
Township, he was awarded an
Honorarium Doctorate title in 1993,
after discovering Green Sapphires
in Tanga, Tanzania!
In due course, he has been
investing in trading, transport and
housing in the area, as well as in
the gemstones business across
Tanzania.
Apart from being the Najim
Company Chief Executive Officer,
the man is also CEO of Kimmse
Investment Limited.
Dr. Msenga, who is also a member
of the Lushoto District National
Electoral Committee of the ruling
Party of the Revolution (Chama
Cha Mapinduzi: CCM), is credited
with being the first Tanzanian to
establish a Mining Tourism Fair

which is staged twice a year: in
January and July.
Apparently, he developed the idea
in an effort to create an alternative
attraction for potential tourists
who have for aeons been visiting
Tanzania to just watch wildlife,
climb Mount Kilimanjaro and
bask in the tropical sun on the
country's pristine beaches.
I am a miner, having been
digging for minerals for quite a long
time, Dr. Msenga states. One
day, I developed the idea of starting
a Mining Tourism Fair. As it turned
out, Tanzania is today the only
country in Africa which organizes
this kind of tourism as a regular
event.
Noting that the latest event was
the 10th Mining Tourism Fair in the
series since the twice-yearly gala
(January and July) was inaugurated,
Msenga said this time round the
Fair attracted groups of tourists
from
21 countries across the globe!
The event is staged at the
Kalalani-Kigwasi mining area
approximately
110 km from Tanga City, and 105
km from Korogwe Municipality.
We have been doing this because
we do not at the moment have
enough capacity to accommodate
too many showgoers at the same
time. However, we are in the
25
processes of constructing a
four-star hotel in Korogwe
District to operate in the
name and style of Najim &
Tourism Hotel, he says.
Revealing that most of
the visitors to the Mining
Tourism Fair come
from Germany, Japan
and the United States, Dr
Msenga said a sprinkling of
the visitors also come from
parts of Asia and Africa,
including Kenya next-door.
More often than not,
the Mining Tourism Fair
facilities are fully booked
as a matter of course. If
nothing else, this means that
prospective tourists
are struggling for the
opportunity to enjoy the
Mining Fair experience
and the myriad other tourist
attractions available in
Tanga region as a whole.
According to Dr. Msenga,
the types of minerals
available at Kilalani
in Kigwasi are rubies,
sapphires of different
colours, tourmaline, red
garnet, rhodolite and
various other gemstones.
The entrepreneur sees
no reason why fellow
Tanzanians should not also
enjoy the experiences
that are today mostly being
enjoyed by foreign
tourists. By doing so,
Tanzanians would also
be helping with socioeconomic development of
their own nation.
I sincerely appeal to my
fellow Tanzanians to turn
up in large numbers and
find out how beautiful our
country is even as they
26
also learn all about mining

tourism. First of all, the costs
are
affordable, he says.
Apart from experiencing
this unique mining tourism,
tourists coming to
Tanga also are availed
the opportunity to visit the
Amboni Caves, the
Mkomazi Game Reserve,
traditional Maasai Houses,
museum antiques and
the natural beauty of the
Usambara Mountains.
Tourists wishing to come
to Tanga via Dar es Salaam
can readily make use of the
Najim Bus Services Limited
which would ferry them from
(say) the Julius Nyerere
International Airport at Dar
(JNIA) to Tanga
and even directly to
the Mining Tourism site at
Kalalani-Kigwasi.
Benefits
Speaking on the benefits
of conducting the special
Mining Tourism Fair, Dr.

Msenga says this particular
venture has been earning
considerable foreign
exchange as a matter of
course. Part of the earnings
comes from the global mining
auction that Najim Company
Limited organises regularly.
This is particularly so also
because visitors to the Fair
and other tourist attractions
do publicise their exciting
experiences abroad when
they return home.
Visitors also take time out to
transact with locals at various
levels, and in different ways,
which eventually benefit the
latter as well.
Some visitors are known to
have contributed funds for
the construction of health
centres, schools, water wells
and suchlike in the areas they
have been touring.
The Government also
collects taxes and other levies
from this kind of tourism...
Challenges
Expressing gratitude that,

to-date there are no major
challenges associated with the
Kilalani/Kigwasi project, Dr
Msenga states that
everything which is needed
is available; our task is to
internationally promote Tanga
Region in particular, and the
whole country in general,
so that the Government will
be able to boost its foreign
exchange earnings!
To that end, he requests
the Government to give
him the requisite support so
that he can more effectively
promote the country as part
of the global tourism, and
ensuring that tourists coming
to Tanzania fully enjoy their
stay in, and transit through,
the country.
In recent years, Tanzania
has been named among
the worlds most attractive
countries; a safe place to
travel in and explore among
the East African countries...
Tanzania has 14 National
Wildlife Parks and scores
of other tourist attractions,
some of them cultural and/
or historical. The country is
considered the epicentre of the
long history of the Kiswahili
Language that is increasingly
gaining popularity around the
world.
Tanzania's tourism industry
accounts for 17 per cent of
total national output. The
country receives more than
Tsh2.4 trillion a year from
tourism, an industry that
provides employment for over
1.2 million people.
According to the Tanzania
Tourism Board, the country
has been hosting an average
of 1.077 million tourists
annually starting from 2011
and the sector is growing
fast every which way year in,
year out.
Najim Mining
&
Tourist Hotel
A Spar of Relaxation
Come visit Africas only mining tourism fair at Kilalani in Kigwasi

-Tanga and enjoy with your friends, and relatives.
Situated at the mining areas of Kalalani in Kigwasi approximately
100 kms from Tanga town and 105 kms from Korogwe municipal.
The perfect place that offers the comfortability to your business and tourism.
A bar, which offers food and drinks at wide range of choice of refreshments 24 hours.
Accommodation consist of 20 rooms self contained with King-Size bed, fitted with satellite TVs.
The room rates include breakfast.
Other Services & Facilities
You can enjoy by visiting these places, Transport can be organised upon request.
4
4
4
4
Mkombozi National Park

Umba River
Amboni Caves
Mining Points
For More Information Please Contact:

Najim Mining & Tourist Hotel, P.O Box 60150,
Tanga Tanzania
Cel: +255 716 229 578, +255 786 443 755,
+255 784 663 322, +255 654 764 233
Email: najimcompany54@yahoo.com
Website: www.najimcoltd.com
27
How CEO
for
Clouds Media Group

promotes Tanzania overseas
Launches global African TV station in U.A.E
Now opens new offices in Jamaica
28
29
ERIC TOROKA
OSEPH Kusaga is steadily

proving to be one of the most
successful entrepreneurs in
Tanzania and his entrepreneurial
experience is already a classic success
story of noble ambition, hard work,
uncanny timing, perseverance and
passion.
Kusaga is married to his business
partner, Juhayna, the holder of an
MBA degree, a mother of two and
the Chief Executive Officer (CEO) of
one of Clouds Entertainment's major
profit-making enterprises.
Established in 1998, Clouds FM is
among the first state-of-the-art FM
(frequency module) radio stations
in the United Republic of Tanzania.
It was the first radio station in
Tanzania to cater for
full entertainment
approach, accompanied
with interactive
presentation
styles
that bring Tanzanians together

glued to one station, so to speak.
Interestingly enough, the name
'Clouds' in the Clouds-FM' title
has little or nothing to do with the
atmospheric phenomenon which is
naturally associated with the visible
mass of condensed watery vapour
floating high in the atmosphere.
According to Kusaga, the term
'Clouds' in this context is formed
by combining the first letters of the
inventive words 'Cool-LovableOutrageous-Unique-Dynamic-andSound!' That was how
the enterprising
entrepreneur
came up with
that name in
1999 for his new
Swahili language
radio station in
Tanzania!
Today, Kusaga is in-charge of a fastgrowing mass media group which
has expanded rapidly to include a
popular Kiswahili radio station
'Clouds FM' which covers the much
of the region; an English language
radio station, 'Choice FM;' 'Clouds
TV;' Coconut Fm, and an eventmarketing company, 'Primetime
Promotions.'
As an ambitious young entrepreneur,
Kusaga had the dream that, one
day, he would expand and extend
his business beyond the national
and regional borders and truly 'go
international!'
In due course of time and events,
the Tanzania-based media group
(Clouds) has been granted a TV
broadcast dissemination licence
which enables it to launch a TV
station in the United Arab Emirates
(UAE).
Formally known as 'Clouds Media
International (CTVI), the
new firm fulfills the
man's long time dream
to launch a TV
station in far-off
lands! In the
event, he has
done that
starting
in earnest
with that
venture in the
Middle East,
based in the
Media Zone
Authority of
Abu Dhabi.
As it
happens,
CTVI is
today
the
only
TV
30
One of the Clouds TV International staff in Abu Dhabi.

station in the Middle East offering
urban and African programming!
The Clouds Group, which currently
produces content in Africa, plans
to eventually move its production
base to Abu Dhabi's 'twofour54'
media hub, and is in the process
of finalizing the requisite channel
distribution agreements.
This is a historic moment and
it marks the beginning of our
comprehensive plan to take the
Clouds brand globally through
broadcast media and Over The Top
(OTT) technology, Clouds Media
International CEO, Joseph Kusaga,
says.
Kusaga further says that the platform
enables the Group to address the
real needs of residents and tourists
from the African Diaspora by not
just providing entertainment value,
but also an actual connection for the
overall community as well as a
reliable link between advertisers and
consumers that did not previously
exist.
Although the airwaves in the UAE
and the Middle East as a whole are
full of TV stations, Clouds Media
International has found a unique niche

there, as the stations programming
will cater for the 3.5 million residents
who form the African Diaspora there!
Currently, there is no TV or radio
station that has effectively targeted
this demographic, thus creating a
vast opportunity for Clouds TV
International to usefully exploit and
make the most of it.
With that happening on the ground,
CTVI will be available to viewers
in the UAE via the IPTV services
provided by Etisalat and Du.
Additionally, the station will have a
vast footprint across the Middle East,
Asia, Africa and Southern Europe via
Free-to-Air Satellite services.
"We are setting trends that would
allow us to go 'digital' in terms of
technology. Now, with the OTT
technology in place, people would
be able to watch Clouds TV live
anywhere in the world and on any
connected device: 'phone, tablet,
computer," Kusaga states.
Analyzing how to set trends, he says
they looked into the Big Picture of
having OTT technology for the entire
31
Despite not being officially launched,

the platform already sees to thousands
of viewers daily not only in
Tanzania, but also in over 65 countries
around the world, logging on every
day to view Clouds TVs premium
content.
Kusaga says the idea of establishing
this media firm came from the
government of Abu Dhabi, which was
due to lack of rationality of accessing
news from Africa.
"The Government of Abu Dhabi
agreed to be our partner in the media
zone of their country. What with
one thing leading to another, the
Government assisted us to air our
debut channel in Abu Dhabi," he
reveals.
CTVI will help to promote Tanzania
overseas, Kusaga stated, adding that,
when establishing the channel, he
thought of aiding his country and
its people in getting international
exposure.
African continent, in the name and style of
'African Box!' Through the African Box, we
included Tanzania, Kenya and Rwanda as a
pilot project."
This is
a historic
moment and
it marks the
beginning
of our
comprehensive
plan to take
the Clouds
brand globally
through
broadcast
media and Over
The Top (OTT)
technology,
32
Already, CTVI will play-out from the Media

Zone Authority of Abu Dhabi, commonly
known as 'twofour54.' Clouds will join other
stations the likes of FOX and CNN that also
play-out some or all of their programming
for the region through twofour54s state of
the art play-out facilities.
In the coming months, Clouds TV
International will also partner with
twofour54 in the production of content,
including the shooting and production
of talk shows, series, and dramas all at
twofour54s massive Musafah production
facilities.
Now that the licence has been issued,
Clouds TV International will go into signal
testing over the next few weeks and will
be on air no later than June 15, 2016
Announcement of the TV licence has come
at a time when Clouds Media in Tanzania is
in a move to fully launch their CloudsTV.
com Over The Top (OTT).
He further says that plans are under

way for CTVI to establish more
channels in other countries such as
India and China among others.
Fiesta festival. According to Kusaga,
in the due course of this year, the
Clouds Media Group plans to improve
the quality standards of its annual
music bash dubbed 'Fiesta,' before
going international.
In that regard, there will be about the
'biggest' international music festival
that is geared up to among other
things promote the country and
create employment opportunities for
thousands of Tanzanian youth.
"Currently, we are in talks with
Diamond Platnumz (Nasibu Abdul
Juma, a Bongo Flava recording artiste
and singer from Tanzania) and two
other up-and-coming artistes to come
and perform in Abu Dhabi, Kusaga
revealed.
On another front, the Abu Dhabi-based
Clouds Media International recently
opened a new office in Kingston,
Jamaica, that will serve clients in the
Caribbean and also open the region
up for additional business

opportunities for the Clouds
Media portfolio of firms.
Kusaga says the move was
planned over 24 months ago
as part of Clouds' long-term
strategy to position itself to
compete globally across several
sectors including content
aggregation and distribution;
Mobile/VAS (Value-Added
Services); Event Production &
Marketing, as well as Strategic
Market Access, Solar Power,
and Broadcast Media, which
Clouds is most commonly
known for.
Noting that Jamaica and the
Caribbean as a whole present
a new market opportunity
for Clouds, Kusaga stressed
that we are always thinking
globally as to how we can
enter markets where we can
gain market share and create
sustainable business on the
ground. We see so many
opportunities and markets for
Clouds' many products and
services in Jamaica and the
Caribbean.
The Jamaica operation seeks to
be fully operational by October
1st of this year.
As Tanzanias premier
entertainment mogul, the
Group was presented with the
'SuperBrands Award' as one
of the Africa's fastest growing
media empires. If nothing else,
that was ample testimony to
how hard Kusaga has been
working on his earlied dreams!
Joe Kusaga with his crew.
Joe Kusaga with his wife at Clouds TV studios in Abu D habi.
Apart from using his mass

media facilities in fundraising
exercises for different social
projects in aid of different
communities and organisations,
Kusaga has inspired his team
mates, who are also proving to
be competent and efective in the
field. These include his business
partner Ruge Mutahaba; ML
Chris; Bonie Love; Pricilla;
Pamella... The list goes on and
on and on.
33
Fluoride in drinking water

IN ORDER TO
DECREASE
THE RISK OF
FLUOROSIS AND
MAKE WATER
SUITABLE FOR
DRINKING,
ESPECIALLY IN
THE GREAT RIFT
VALLEY REGIONS
OF TANZANIA
WHICH HAVE HIGH
CONCENTRATIONS
OF FLUORIDE
EXCEEDING THE
MAXIMUM LIMIT
ACCORDING
TO TANZANIA
STANDARD FOR
DRINKING WATER
THERE ARE TWO
OPTIONS.
REHEMA NYAMOGA,
QUALITY ASSURANCE
OFFICER
NE of the most important

criteria that determine the
usefulness of drinking water
is its chemical nature. For this
reason, not all water is fit for human
consumption.
When water is unfit for drinking
due to contamination, it is referred
to as polluted water. Pollution of
drinking water causes many deaths
worldwide and unnecessary illnesses
among urban residents all over the
world - particularly in developing
countries.
Fluoride is one of the major
pollutants of drinking water.
Fluoride in drinking water brings
both beneficial and harmful effect
to human health. When present
in water in permitted limits,
it is nutritionally important for
human health, if only because it
is an important constituent in the
formation of bones and teeth especially during the early years of
growth.
Fluoride is incorporated into these
tissues in a concentration dependent
on the amount ingested with food
and/or drinking water. However,
ingestion of high concentrations
of fluoride exceeding the required
amount - especially in drinking water
- results in a disease called fluorosis.
Fluorosis is a condition
characterized by teeth-staining
ranging from yellow to dark brown.
Although moderate fluorosis is not a
disease, it does have a psychological
effect. It may be somehow
embarrassing to fellow peers to the
extent of one covering ones mouth
a double-edged sword
when laughing or smiling.
In more severe cases, brown
stains are widespread, and teeth
often present a corroded-like
appearance. In advanced cases,
fluorosis causes pain and damage
to bones and joints.
Fluoride is found in large
quantities in the regions located
in the Great Rift Valley (GRV)
in East Africa, which include
Kilimanjaro, Arusha, Shinyanga,
Manyara, Dodoma, Singida,
Mara and Tabora. For instance
some Great Rift Valley soda
lakes in Tanzania were reported
to have fluoride concentration of
up to 690mg/L.
Like any other pollutant,
fluoride pollution occurs due
to both natural and man-made
reasons. The large quantity of
fluoride in GRV ground water
is due to weathering of fluoride
containing volcanic rocks.
In addition, use of phosphate
fertilizer in agricultural
activities also contributes to
high concentration of fluoride in
ground water.
Factors which determine
the presence of fluoride ions
in ground water include the
availability and solubility of
parent fluoride minerals in
which water comes into contact
with rock porosity, velocity of
flowing water, temperature of the
interactions between the rocks
and the water, pH of the water
and concentration of calcium
ions present in the water.
In order to decrease the risk
of fluorosis and make water
suitable for drinking, especially
in the Great Rift Valley regions
of Tanzania which have high
concentrations of fluoride
exceeding the maximum limit
according to Tanzania Standard
for drinking water, there are
two options. The first option
is to provide safe water with
acceptable fluoride concentration
from alternative sources of
water. This may mean buying
specially-treated drinking water,
or fetching water from far away,
which may have serious cost
implications.
The second option is to
remove fluoride from available
water sources which have high
fluoride concentration before
supplying same to the public.
Such removal involves using a
proven technology, a phenomena
called de-fluoridation.
Methods currently available for
de-fluoridation include chemical
additives or precipitation, as well
as adsorption and membrane
separation methods. In the
chemical additive methods,
certain reagents are added to the
water, and optimum conditions
for the defluoridation are
maintained.
The adsorption method is based
upon the adsorption of fluoride
on various adsorbents. Membrane
separations include the technique
of reverse osmosis and electrodialysis. These techniques have
been used more successfully in
the developed world than in the
developing world basically due
to its high cost.
The most important aspect
is to make a choice of a defluoridation method so that,
after de-fluoridation, other
water quality parameters are not
affected.
Maxcom Africa LTD, an ICT integration company, owned full and operated by
native Tanzanians. The major scope is to provide payment systems and financial
solutions in addressing accessibility for payments and financial inclusion agenda
countrywide through ICT.

As the leading aggregator for payment solutions, Maxcom Africa Limited success
story started with invention of MaxMalipo. Currently our payment gateway
makes it possible for service providers to accept payments from over 13000 POS
agents, all mobile networks, VISA and MasterCard. Through MaxMalipo, people
are able to make payments for services like electricity, water, airtime top up,
revenue authority, access banks services, pension funds, local governments fees
and so forth.
MaxMalipo e-Insurance portal is our new service product soon to hit the
Tanzanian market. It enables Insurance companies to be able to accept Insurance
premium payments from nationwide MaxMalipo POS agents, mobile wallets as
well as from online channels namely VISA and MasterCard.
The portal
accommodates all insurance stakeholders and can be accessed directly from any
mobile devices as well as desktops. For more information please contact our
department of Innovation and Business Development for ICT solutions:
Payments and management systems
Cell: 0764 700200/0677 017411
Email: businessdevelopment@maxcomafrica.com
Tanzania Bureau of Standards

(TBS)
The TBS Test
House
"Misuse of TBS quality mark is a crimial offence

punishable under the Standards Act No. 2 of 2009
UMOJASWITCH:
China's Union pay now
acceptable to UmojaSwitch Cards
ANZANIA businessmen have

nothing but smile as of May 25,
2016, UnionPay International and
Tanzanias bankcard switch organization
Umoja jointly announced that UnionPay
cards (card number starting with 62) will
be accepted at all ATMs that subordinate
to Umoja. This will raise UnionPay cards
acceptance coverage at the local ATMs from
30 per cent to 50 per cent, significantly
expanding the card-using scope for
UnionPay cardholders visiting Tanzania.
In recent years, Tanzania and China
have entered into intimate cooperation in
fields such as infrastructure construction,
communications, consumer goods trading,
and tourism. Now, China has become the
largest trade partner and the second largest
foreign investment country of Tanzania.
With more and more Chinese enterprises
and people visiting Tanzania, the demand
for cross-border payment is growing.
UnionPay International started its business
in Tanzania in 2010, and since then,
UnionPay has been recognized by many
local mainstream institutions and merchants
by virtue of its safe, convenient and costeffective services.
As the only bankcard switch organization
in Tanzania, Umoja has 29 member banks,
covering over 60% of the local banks.
This cooperation between UnionPay
International and Umoja has multiple
meanings: First, it enables all the ATMs
of Umojas member banks to accept
UnionPay cards, and will promote all the

POS terminals of these banks to accept
UnionPay cards as soon as possible. Second,
taking advantage of Umojas market
share, UnionPay International is able to
accelerating the issuance of UnionPay cards
by these member banks, so as to provide
local residents with new payment options.
In addition, UnionPay International is
also discussing with Umoja regarding the
launch of contactless payment, mobile
payment and other innovative payment
products in Tanzania soon.
Currently, UnionPay cards can be used
conveniently in 48 countries in Africa. In
Tanzania, UnionPay cards are accepted
at 40% of the local merchants, covering
tourist attractions, shopping malls, hotels
and airports that are most frequented by
tourists. In South Africa, half of ATMs
accept UnionPay cards; while in Mauritius,
90% of merchants and 70% of ATMs accept
UnionPay cards.
Meanwhile, UnionPay International
has issued a variety of UnionPay card
products in many markets according
to their respective needs. For instance,
UnionPay debit card, prepaid card and
commercial card are issued in Congo and
Mauritius. Through these efforts, UnionPay
International endeavors to enhance the
development level of Africas e-payment
industry and to help the developing
countries in the region to realize financial
inclusion.
Chief Executive Officer of UmojaSwitch Mr. Danford Mbilinyi, delivering a keynote address during the launch of UnionPay to
Tanzania on May 25, 2016 at Hyatt Regency the Kilimanjaro Hotel in Dar es Salaam.
Chief Executive Officer of UnionPay Africa, Mr. Li Zhixian, delivering a speech during the launch.
The Inauguration of Partnership between China's

UnionPay Cards and UmojaSwitch Cards
Guest of Honor, Ambassador of the Republic of China to Tanzania, His Excellency Lu Youqing, delivering a speech
during the launch
A section of UmojaSwitch Board Members in a souvenir hoto with Chinese counterparts.
a.
From Left (Sitting):
Danford Mbilinyi
(CEO, UmojaSwitch),
Ammishaddai Adu OwusuAmoah (MD BOA & Board
Chairman of UmojaSwitch),
Ms Margareth Chacha (MD,
TWB & Board Member
of UmojaSwitch), L Li
Zhixian(CEO, UPI Africa)
b.
From Left (Standing):
Israel Chasosa (MD
Akiba Commercial
Bank and UmojaSwitch
Board Member), Frank
Nyabundege (MD,
TIB Corporate Bank
& UmojaSwitch Board
Member), Asad Burney
(Regional Business HeadEast & North Africa at
UnionPay International ),
Steve Wang (UPI Marketing
Representative)
The Chairman of the UmojaSwitch, Mr. Ammish (left), stressing a point to the Manageing Director of the Peoples Bank of
Zanzibar (PBZ) who is also a Board Member of UmojaSwitch. Watching and listening carefully (centre) is Danford Mbilinyi, CEO
UmojaSwitch Company Limited.
40
Chairman of the Chinese Business Community in Tanzania and the CEO of UmojaSwitch during the launch.
A cross-section of chinese businessmen during the launch.
The Guest of Honor, Chinese Ambasador to Tanzania, His Excellency Lu Youqing, admires a point as Mr. Mbilinyi delivers a keynote
speech during the launch. Left is the Chairman of the Board of Directors of UmojaSwitch, Mr. Ammishadai Adu Owusu Amoah
41
Tanzania:
NIC on
down
the
years
BARAKA BARAKA
HE National Insurance Corporation (NIC)

was incorporated in what was then the
Republic of Tanganyika on 16th October
1963 under the countrys Companies Ordinance
(Cap 2012) with the Government owning fifty-one
per cent (51%) of the shares.
The other forty-nine per cent shares (49%) were owned by

three other shareholders, namely Munich-Re, Swiss-Re and
Colin Hood Insurance Brokers Limited.
The name of the entity was later changed to National
Insurance Corporation of Tanzania in February 1965. This was
after the Tanganyika Republic united with Republic of Zanzibar
on April 26, 1964 to form the United Republic of Tanzania.
Following adoption of the Arusha Declaration and TANU
Policy on Socialism and Self-Reliance proclaimed by the
President Julius Nyerere Government on February 5, 1967, the
Insurance (Vesting of Interests and Regulation) Act was passed
42
in the same year. In the event, all the shares which were until
then held by the three foreign companies were statutorily
taken over by the Tanzania Government.
By parity of reasoning, NIC became wholly-owned (100%)
by the Government. In addition to that, all other insurance
companies which were operating in the country at the time
were barred from undertaking any insurance business hence
making NIC the only insurance company in Tanzania!
That monopoly status held forth on the ground for the next
30 years, virtually ceasing in 1997, following the passing
of the Insurance Act (No: 18) in 1996 which, for all practical
43
purposes, liberalized the Insurance Industry in Tanzania!

This allowed private insurance companies to once again
operate in the country as a matter of course thus subjecting the
business in general, and NIC in particular, to stiff competition at
the insurance marketplace.
In due course of time and events, and what with one thing
leading to another, this resulted in NIC losing some of its
market-share resulting from a steady decline in business as
well as loss of credibility that was largely due to the piling up of
unpaid insurance claims!
In the wake of the liberalization of the insurance market, the
Corporation was re-registered in 1998 still under the Insurance
Act (No. 18 of 1996) as the first Insurance Corporation.
Indeed, from its inception to-date, NIC has undergone various
phases in its business life from statutorily being the single
insurer in the country to having to compete with a goodly
number of private sector insurance companies in the liberalized
era.
After all, the liberalisation had attracted many players into the
insurance industry.
Largely as a result of the market liberalization, NIC had to
undergo restructuring in order to streamline its operations, as
well as enhance the quality of its services to clients in particular,
and the market in general.
The restructuring started in earnest in 2008, aimed at
revolutionizing the way NIC conducts business so as to conform
with modern corporate standards, complete with notable
efficiency and effectiveness.
Restructuring measures include payment of all outstanding
claims; reducing unnecessary operational costs by narrowing
Administrative Directorates to four; reviving its lost corporate
image and improving ICT infrastructures
All these measures are designed to enable NIC to keep abreast
with the diverse technological advancement in the modern
corporate world.
The Corporation is still 100%-owned by the Government of
the United Republic of Tanania and is still the insurance giant it
was supposed to be, with a foothold in both parts of the Union
across the Zanzibar Channel.
Today, NIC services keep on growing and expanding with the
introduction of new products and packagings.
Perhaps the most significant account that NIC holds and
manages is that of the Gas Pipe Project of the Tanzania
Petroleum Development Corporation (TPDC) running
underground for 542 kilometres from Mchepa Village
44
in Madimba, Mtwara in south-eastern Tanzania to the

burgeoning Kinyerezi energy projects on the outskirts of Dar
es Salaam City.
The pipeline is considered as being very valuable, and is
extremely important for the socio-economic development of
Tanzania as a whole, being pivotal as it is to the success of
assorted energy sector activities in Tanzania and countries
beyond its national borders!
The pipe transports some 750 million cubic feet of natural
gas for power generation and other applications. Obviously,
then, the gas pipe is very important in the eyes of the
Government of Tanzania... And, it so happens that NIC is the
only player in the business that is big enough to insure such a
valuable investment.
As the end of the second decade of the 21st century steadily
approaches, NIC as the giant in the insurance stakes in
Tanzania is facing tougher challenges from other insurers in
the private sector, as well as rapidly-changing habits and life
styles of modern consumers.
Thus far, though, the Corporation has shown that its survival
instincts are still sharp as it keeps coming up with new
ways to continue to exist in what is clearly a harsh, stiffly
competitive environment.
An example of this that easily comes to mind is the
introduction by NIC of a new product that it has labeled
Msafiri Bima.
This product is the first if its kind in Tanzania, and targets
upcountry bus passengers. These are now able to take out
personal insurance to cover them as they travel up and down
the country using buses that are increasingly prone to road
motor accidents.
NIC is ahead of the curve in providing such a unique policy
in the region.
Another positive aspect of the Insurance Corporation is that
it has employed thousands Tanzanians countrywide in the last
53 years of its existence under government ownership.
Also, in that time-period, NIC has served hundreds of
thousands of customers, issuing millions of policies in the
process.
Taking all these factors into account, the impression is
created to the general effect that this Gentle Giant is going to
be around for a long time to come.
45
New paleo
tourism taking
roots in Oldupai
NGORONGORO
HE world seems to have seen it all;
astounding modern technology,

trips to the moon and exploring the
outer space, diving into the deepest sea
and discovering strange animal species.
But there is one thing people are yet to get
much of; the earth before their time. They
are interested to see how the world existed
before electricity got invented; the time
before Apple, Sony, Toyota Microsoft and
Samsung became household names.
This pre-historic world still exists in Ngorongoro in a site where the

first human being is believed to have lived millions of years ago. Since
much of the global population of 7 billion mark seems to be cultivating
great interest in traveling back in time to see how their ancestors used
to live, a new type of tourism product may be what Tanzania needs to
channel millions of people into its Northern Circuit in near future.
Recent reserch indicate that over 8 million tourists will be heading
to Tanzania in ten years time and most of them are to target historical
and cultural tourism. Named after the sword shaped wild sisal plants
favoured by Rhinos, the Oldupai (others pronounce is as Olduvai)
together with its adjacent Laetoli hominid footprint site, still harbour
the worlds ancient natural stamps never found anywhere else on earth.
Ngorongoro Conservation Area, home to the legendary Crater, abundant
wildlife species and nomadic Maasai, is listed among the World
Heritage Sites, by the United Nations Educational, Scientific and
Cultural Organization (UNESCO)
But so potential are the Ngorongoro archaeological sites to an extent
of attracting travel experts from as far as South Africa who have shown
Entrance to Oldupai Museum
46
The legendary 'gorge' landmark
To attract over 8 million visitors

to Ngorongoro by 2025
Hominid footprints dating back 4 million years
NGORON
interest in working to sell the Olduvai and Laetoli sites worldwide.

These remarkable gems of Northern Tanzania are where the entire
world will be flocking to retrace the human history, divulged Mr Zweli
Vincent Mntambo the Deputy Chairperson of South African Tourism
during his recent visit to Olduvai. It is a well-known fact that all people
in the world originated from Africa and traces indicate that the first
human being walked earth in the Ngorongoro site of Northern Tanzania,
said the South African Tourism boss adding that the continents new type
of tourism will be focused on this and that Arusha should be prepared for
millions of time traveling global visitors and scientists alike. At the
moment the combined figure of tourists visit at both Olduvai and Laetoli
peaks at between 300 and 500 people per day with number increasing
during tourism high season falling within May, June, July and August,
stated Mr Godfrey Ole Moita, the head of Laetoli archaeological site.
Apparently Laetoli is the only spot on earth with real human footprints
left by Australopithecus Afarensis, on volcanic ash at Laetoli, providing
strong evidence of full-time bi-pedalism. The human ancestors,
Australopithecus Afarensis, reportedly lived in the area between 3.9 and
2.9 million years ago and left three pairs of feet imprints on solidified
volcanic ash turned into rock.
Tanzania is planning to construct the world first 'real human history'
dome museum at the estimated cost of about US $ 30 million; the modern
Jurassic Park to feature a human-foot shaped enclosure, will be built
at the Laetoli archaeological site. Once completed the dome museum is
expected to top all tourist sites in east Africa in popularity, because the
whole world will be flocking to Laetoli to get a glimpse of real footprints
She developed a system for classifying the stone tools found at

Olduvai. And was the one who discovered the Laetoli footprints. It
was at the other Laetoli site, where she again discovered Hominin
fossils that were more than 3.75 million years old. During her 50 years'
career in Northern Tanzania, Dr Leakey discovered fifteen new species
of other animals, and one new genus. In 1972, after the death of her
husband, Leakey became director of excavation at the Olduvai, the site
was then under the antique department of the Ministry for Tourism. She
helped to establish a Leakey family tradition of palaeoanthropology by
field training her son.
Many years later the two historical sites that survived the exploits
now tally in over 190,000 visitors per year, they are the second most
popular destination in Ngorongoro after the crater (which gets 600,000
visitors in a year) Oldupai and Laetoli sites are currently also beating
even the Zanzibar Island in tourists flow.
NGORONGORO
Ngorongoro Conservation Area Authority
P.O.Box 1, Ngorongoro Crater, Arusha-Tanzania
Tel: +255 27 253 7006, +255 27 253 7019
Fax: +255 253 27 253 7007
Email : ncaa_faru@cybernet.co.tz
Email: conservator@ngorongorocrater.go.tz
made by their forefathers some 4 million years in the past.

The Ngorongoro Conservation Area Authority (NCAA)
recently took over the running of the other Oldupai Gorge,
the Archaeological and Excavation location where Dr Mary
Leakey together with her husband Louis once worked, is also in
the process of converting the former scientists residential and
working building into Museum. Engineer Joshua Mwankunda
the Manager in-charge of the Cultural Heritage Department at
Olduvai Gorge, in Ngorongoro said the establishment of Dr
Leakeys Museum will go hand-in-hand with the construction
of a new building to house the archaeological findings, artefacts
as well as replicas at the current Oldupai site Museum, a project
to be funded by the European Union (EU), which will further
increase the interest among visitors.
The British paleoanthropologist Dr Mary Leakey (born in
1913) discovered the first fossilised Proconsul skull, at Olduvai,
this is an extinct ape now believed to be among the human
ancestors. Dr Leakey also discovered the robust Zinjanthropus
skull at Oldupai (Olduvai) Gorge and for much of her career,
spanning more than 50 years in Tanzania; she worked alongside
her husband, Dr Louis Leakey, at the archaeological site located
within Ngorongoro Conservation Area, where they uncovered
the tools and fossils of ancient hominines.
ONGORO
Earliest automobile to venture in the site in 1930s being given

a push
The impression of the early humans in Laetoli
47
Tanzania Mortgage
a slightly growth
HE mortgage finance sub-sector in Tanzania keeps

growing by the year. Tanzania Mortgage Refinance
Company Limited (TMRC) is a private sector
financial institution with a sole purpose of supporting banks
to do mortgage lending by refinancing banks' mortgage
portfolios. In an exclusive interview with a JBT Staff Writer,
the TMRC's Chief Executive Officer (CEO), OSCAR
MGAYA, give us the performance of the mortgage market in
Tanzania and much more. Excerpts
48
QUESTION: Please give the readers

the highlights of the performance of
the mortgage sector in Tanzania for
the first quarter of the year 2016.
ANSWER: THE mortgage market
registered a slightly higher growth rate
of 4.2 percent during the first quarter of
year 2016 compared to a growth rate of
only 1 percent recorded in Q4 2015.
Twenty seven lenders were offering
mortgage product as at 31stMarch
2016 compared to 26lenders as at
31st December 2015, with Standard
Chartered Bank being the new entrant
in the mortgage market in Q1 2016.
Outstanding mortgage debt as at 31
March 2016stood at TZS 374.5 billion
equivalent to US$ 171million (TZS 359
billion as at 31 December 2015).
Average mortgage debt size was
TZS 92million equivalent to around
US$42,069.24 (US$ 48,417.16 as
at 31 December 2015). The ratio of
outstanding mortgage debt to Gross
Domestic Product (GDP) stood at 0.46
percent (0.45 percent as at 31 December
2015).
Mortgage debt advanced by top
5lenders accounts for 70 percent of the
total outstanding mortgage debt. High

interest rates and lack of affordable
housing remain the major constraints
on market growth.
Mortgage debt advanced by
Tanzania
Mortgage
Refinance
Company (TMRC) to mortgage
lenders accounted for 12 percent of the
markets outstanding mortgage debt.
Q: Can you please tell our readers
the about the trend of Mortgage
Market Growth in Tanzania.
A: The mortgage market in Tanzania
has been growing steadily as the pace of
housing investment picks up. As at 31st
March 2016 total lending by banking
sector for the purposes of residential
housing was TZS 374.5billion, which
is equivalent to US$171million. This
represents growth of 4.2percent from
total mortgage lending as at 31st
December2015 (34% annual growth
rate through March 2015 - March
2016).
Factors attributed to this increase is
the increased awareness on mortgage
loans among borrowers as a result of
various public awareness campaigns by
banks offering mortgage loan product
as well as increased competition as

new lenders enter the market. Figure
1 below shows the trend of mortgage
lending in terms of amounts over the
year;
Q: Mortgage market in Tanzania
has been growing steadily as the
pace of housing investment picks up.
Kindly tell us what is the increasing
Competition as New Lenders Enter
the Market?
A: As at end of the first quarter of
2016, 27 different banking institutions
were offering mortgage loans after the
entrance of Standard Chartered Bank in
the mortgage market, compared to 26
lenders as at end of December 2015.
The number of mortgage lenders is
expected to increase even further as
more lenders continue to launch their
mortgage loan products. The mortgage
market was dominated by five top
lenders, who amongst themselves
command about 70percent of the
mortgage market. Equity Bank was a
market leader commanding 25 percent
of the mortgage market share, followed
by Stanbic (14 percent), Bank M (12
percent),Azania Bank(12 percent)
Figure 1 Tanzania Mortgage Market TZS outstanding
49
and CRDB Bank (6 percent).More

positive developments are expected
in the market with more banks now
launching their mortgage loan products
competition in the traditional banking
products continues to intensify.
Whereas large banks such as National
Microfinance Bank (NMB), CRDB and
National Bank of Commerce launched
their mortgage products in previous
years, Standard Chartered Bank (which
ranked 4th in the banking industry in
2015 in terms of asset size) entered the
market during the first quarter of 2016.
Figure 2 below shows market share for
top eight mortgage lenders as at 31st
March 2016, in terms of outstanding
mortgage debt.
Q: What are the major challenges
to growth of the mortgage sub sector
in Tanzania?
A: Demand for housing and housing
loans remains extremely high but is
constrained by inadequate supply of
affordable housing and high interest
rates. The current housing deficit in
Tanzania is estimated at three million
housing units with a 200,000 unit annual
demand. Most lenders offer loans for
home purchase and equity release while
a few offer loans for self-construction
which for the most part continue to
be expensive beyond the reach of the
average Tanzanian. High interest rates
offered by mortgage lenders also pose
as another impediment to the growth
the mortgage market. During the first
quarter of 2016, interest rates offered
by mortgage lenders were reported
to range between 16 19 percent. An

increasing trend was experiencedon
the 182 days T-Bill rate from the third
and fourth quarters of 2015 with the
rate rising to reach as high as 17.79
percent towards mid-February 2016.
A shift was experienced towards the
end of the first quarter of 2016 with
the rate declining to reach as low as
14.68 percent by mid-May 2016. The
rising trend on the 182 days T-Bill rate
negatively affects all forms of long
term debt, including mortgages.The
government has however expressed its
commitment to ensure the loan interest
rates are reduced in order to enable
many Tanzanians to acquire loans.
High value added tax on houses
has also posed another challenge on
affordability of housing to lower income
earners. The government has created
a special task force at the Treasury to
address the issue. Discussions are at an
advanced stage and the matter is set to
be tabled in the coming budget.
Q: 5) Tell our readers, what are
the positive initiatives available to
boost the mortgage market in the
country?
A: The National Housing Corporation
(NHC) has continued carrying out
its various projects focusing on high,
medium and low income earners which
continue to have a positive impact on
the mortgage market. The Corporations
major recently completed projects in
Dar-es-Salaam include Victoria Place
and Eco Residence. Major ongoing
projects in Dar-es-Salaam include
Figure 2 Mortgage Market Share - Top Eight Lenders
50
711 at Kawe (which is on sale since

December 2015), Golden Premier
Residence, Mwongozo Estate (almost
completed) and Morocco Square. The
Morocco Square project was launched
by the Corporation in October 2015 and
is the biggest project in East and Central
Africa region, which is comprised of
two office towers, residential tower and
hotel tower. The project construction
cost is estimated to be over TZS
150bn. Morocco Square consist of four
blocks including a shopping mall with
a total of 28,827 square metres which
will accommodate banks, chain of
stores, supermarkets and shops, movie
theatres, kids grounds and food courts,
among others. Apart from the multiple
business spaces, the Morocco Square
will have two office blocks with a
total of 47,793 square metres, whereby
one of the towers will be known as
Stock Exchange Tower that stands to
accommodate and upgrade the current
Dar es Salaam Stock Exchange (DSE)
. On the other hand, the residential and
hotel tower will have a total of 24,924
and 8,456 square metres respectively.
NHC has launched
an ongoing
country-wide project known as My
Home My Life to offer affordable
housing to Tanzanians across the
country.
Currently
the
project
has covered number of regions
including Mkinga (Tanga), Mvomero
(Morogoro),
Mnyakongo-Kongwa
(Dodoma), Mkuzo (Songea), Mtanda
(Lindi), Mrara (Babati), Unyankumi
(Singida), Bomba Mbili (Geita), Ilembo
and Iyonga (Katavi), Uyui (Tabora),
Longido and Monduli (Arusha) and
Mlole (Kigoma) as well as Kibada
and Mwongozo (Kigamboni, Dar-esSalaam).
Likewise, the Public Servants
Housing Scheme which is being
administered by Watumishi Housing
Company (WHC) and specifically
tasked to build 50,000 affordable
housing units in various phases in
the next 5 years has continued with
implementation of its projects with the
first phase being focused on construction
of houses in the administrative regions
of Dar es Salaam, Coast/Pwani, Tanga,
Arusha, Mwanza, Shinyanga, Mtwara,
Lindi, Tabora, Dodoma, Morogoro,
Kilimanjaro, Ruvuma and Mbeya.
In November 2015 WHC launched a
construction drive of 800 houses in four
CEO for Tanzania Mortgage Refinance Company Ltd (TMRC), Oscar Mgaya
regions namely Tanga at Pongwe area

(40), Mwanza at Kisesa Township (59)
and Dar es Salaam which will receive
the bulk of the houses to be built in
Kigamboni (369), Bunju (71) and
Magomeni Usalama (104).
The Magomeni Usalama project is
set to build two flat buildings with 15
floors each. The buildings to be built
right at the heart of a historical part
of Dar es Salaam which used to be
the home for a good number of midranking civil servants of independent
Tanzania Mainland are set to change
once and forever the areas scenery.
Besides Dar es Salaam, Morogoro,
Tanga and Mwanza regions benefitting
in the construction of the low cost, yet
descent houses under the WHCs first
phase drive, other regions lined up
for the construction drive in the near
future are Dodoma, Ruvuma, Mtwara,
Mbeya, Kigoma, Mwanza, Shinyanga,
Arusha, Tanga, Lindi and Coast. In the
Coast Region, WHC is set to radically
change the face of Kibaha by creating a
satellite city of 1,000 modern housing
units plus supportive commercial
infrastructure including setting up an
ultra-modern shopping mall and other
public amenities to serve up to 5,000
residents. This might turn to be one
of the mega-projects to be undertaken
by WHC as it scales up the ladder of

serving both civil servants and the
nation.
Most Pension funds are also actively
involved in housing projects. The
National Social Security Fund (NSSF)
is in the middle of constructing its
housing development in Kigamboni
(the Dege Eco Village satellite city)
which will bring to the market a supply
of 7,460 housing units by 2017. Total
project costs are estimated at around
US$544.5 million .
On the side of private developers,
Avic International has continued with
implementation Avic Town project in
Kigamboni with plans to build 5,000
housing units in the next 3 years. The
first phase of infrastructure has been
completed. The main gate, landscape
avenue and sample houses were shown
to the public by June 2015 .The project
is scheduled to deliver its first phase of
160 villas and bungalows in two parts
in May 2016 and October 2016. The
developer has already partnered with
six banks namely CBA, CRDB, NMB,
Stanbic, Exim and BOA to provide
loans for purchase of houses.
Furthermore, Tanzania Buildings
Agency (TBA) has continued to
implement a special project of
constructing 10,000 affordable housing
for Public Servants in various regions

of the country under the initiative of
the government. By July 2015, TBA
reported to have spent TZS6 billion
(US$2.8 million) for construction of
850 units in Bunju B area in Dar-esSalaam.
Additionally,
the
International
Finance Corporation (IFC) in its efforts
to support growth of the private sector
in Africa through investments and
advisory services, has injected equity
investment in M Mortgage Finance,
a greenfield mortgage finance bank
being set up in partnership with Bank
M Tanzania Limited, HFDC India and
prominent investors. The company
which is currently waiting to receive
its license from Bank of Tanzaniawill
be the first specialized mortgage lender
in Tanzania. All these initiatives are
expected to further boost the growth of
the mortgage market.
Q: Please give us the trends on
average loan size offered by your
member banks in the country?
A: Average loan size as at
31stMarch2016 was TZS 92million
which is equivalent to US$ 42,069.24.
This is a decrease from average loan
size of TZS 106million (US$49,112.35)
reported as at 31st December 2015.

The average loan size across mortgage
51
lenders varied greatly, reflecting

different strategies and customer bases.
Akiba, EFC and DCB who target lower
income customers had much lower
average mortgage loan sizes than the
likes of Stanbic Bank whose average
loan size was TZS363million (US$
165,834.27).Figure 4 below shows
average mortgage loan sizes across
different lenders.
Q: Do you have any other
pertinent comments?
A: A key element in the growth
of the mortgage market in Tanzania
continues to be the provision of long
term funding both in the forms of
refinancing and pre-financing by the
TMRC. The TMRC was established
in 2010 under the Housing Finance
Project (HFP) which was set up by the
Ministry of Finance in collaboration
with the World Bank and Bank of
Tanzania in alignment with Tanzanias
five-year National Strategy for Growth
and Poverty Reduction (MKUKUTA)
and the Tanzania Development Vision
2025, which highlight the importance
of affordable housing, access to finance,
and capital market development.
Figure 5 below shows the overall
contribution of TMRC in the mortgage

market over the years. TMRC currently
has 12 borrowing members (all of which
are now offering mortgage loans),
and has already extended loans worth
TZS 45.9 billion (US$ 27,720,135.06)
to eight of its member banks. As
at 31stMarch2016, refinancing and
pre-financing mortgages advanced
by TMRC to its member banking
institutions was equivalent to 12 percent
of the total outstanding mortgage debt.
With the approval of US$ 60 million
additional funding by the World Bank
through the International Development
Association (IDA) for the Housing
Finance Project in Tanzania in 2015,
TMRCs contribution to the growth
of the housing market is expected to
significantly increase over the coming
years as the new financing will build
on the achievements of the ongoing
2010 Housing Finance Project (HFP)
which has overseen the establishment
of TMRC which is playing a key role in
developing the mortgage market.
In the four years that TMRC has
been operational, a significant impact
has been noted in the mortgage
market. The number of banks offering
mortgage loans has grown from only

3 banks in 2010 to 27 in 2016, and
mortgage repayment periods increased
from the maximum of 7 years that was
previously offered to 20 years that
banks offer now. The additional IDA
funds will put TMRC on a stronger
path to sustainability by raising its own
funding through other means, such as
local bond issuance.
Another initiative set up under the
Housing Microfinance Project (HFP)
is the Housing Microfinance Fund
(HMFF) which is geared to providing
long-term loans for lower income
earners who currently lack access to
housing finance either for the purchase
of a home or for home improvements.
The fund officially began its operations
last year and on 31 July 2015, the first
disbursement of TZS1 billion (US$
456,621) was made under the fund to
DCB Commercial Bank Plc with the
total credit line to the bank being TZS3
billion (US$ 1.4 million). This marked
the first step towards significant
progress of the microfinance sector.
DCB is using the funds foron-lending
to low income earners to renovate or
construct new houses.
Figure 4 Average Mortgage Loan Size TZS Millions
52
53
Tanzanian Mogul
Mohammed Dewji
is Africas youngest
billionaire
54
In May 2016, Mohammed Dewji received three awards on behalf of METL Group at the annual President Manufacturer of the Year Award
(PMAYA) organised by Confederation of Tanzania Industries (CTI). Picture above, Mo receiving the award from the President of the United
Republic of Tanzania, Dr. John Pombe Magufulii.
ERIC TOROKA
OUNG Tanzanian business

tycoon, Mohammed Gulum
Dewji popularly known as Mo
has been named by the US-based Forbes
Magazine as the Youngest Billionaire
in Africa for2016. Mo (born May 8,
1975) is also ranked 21st on the 2015
list of Africas 50 Richest, and he is
presently the youngest billionaire in
Africa, with an estimated net worth of
US$1.09 bn.
Mo is the Chief Executive Officer
(CEO) of Mohammed Enterprises
Tanzania Limited (METL Group), a
Dar es Salaam-based family business
that was founded by his father, Gulum
Dewji, in the 1970s. MeTL Group is
active in textile manufacturing, flour
milling, and commodities production
in eastern, southern and central Africa.
MO Cola, which is priced below
the legendary Coca Cola, competes
actively with Azam Cola, produced
by another Tanzanian magnate, Said
Salim Bakhresa.
The Group boasts more than 30
companies, and is one of Tanzanias
biggest private sector employers. Its
various subsidiaries produce consumer
goods ranging from bicycles and
detergents to edible oil and beverages.
Other major investments are in
insurance, agriculture, infrastructure,
In September 2015, Mohammed Dewji was the recipient of the AABLA (CNBC) Philanthropist
of the Year for the East Africa Region.
55
MeTL Group CEO and President, Mohammed Dewji, moments before the release of the
Forbes 2013 publication where he was the first Tanzanian to be featured on the cover.
Im already
present in Kenya,
in Rwanda, in
Burundi, in eastern
Congo, in South
Sudan, in Malawi,
in Mozambique, in
Zambia, in Ethiopia,
and in Dubai, MO
says. But, I want to
replicate, so we are
going to start upon
an expansion of
$500 million in the
next 12 months,
56
energy,
and
mobile
phones.
Additionally, it has plans to establish a
microfinance bank in the country.
MeTLs scope of operations in Africa
is wide. It already has operations in
11 African nations, mostly in East
Africa (including Kenya and Uganda),
as well as in Central and Southern
Africa, including the DRC and
Mozambique."We want to expand our
presence in Zambia, Mozambique,
Rwanda, Burundi, Madagascar and
Ethiopia," Mo says, adding that the
focus would be in manufacturing,
particularly cotton.
Over the years, Mo almost
singlehandedly grew the family
business from a local trading house
into a multibillion-dollar, multinational
conglomerate, generating a US$2bn
fortune for himself in the process.
Dewji recently granted an exclusive
interview to JBT Magazine at his
office in the prestigious PSPF Towers
along Ohio Street in Dar es Salaam.
America to Tanzania
Mo studied Finance & International
Business at the George town University
in the United States, and briefly flirted
with a career on Wall Street after
graduating. His father Gulam Dewji,
popularly known by his initials as
GD, curtly admonished his son
that there was no mileage in chasing
money in New York while there
were opportunities in his motherland
Tanzania. Young Dewji soon returned
home and began to steadily transform

his parents' business from a simple
Import-Export Trading House into a
hybrid manufacturing conglomerate
and leveraged buyout firm.
Mo first joined the family business
as a financial controller. Only five
years later, he had taken over as CEO.
Although MeTL was performing well
as a trading firm, enterprising Mo did
not find the work challenging, and
decided to move into manufacturing.
He recalls that his vision was 'to expand
the business hard and fast'.
He started by investing in FastMoving Consumer Goods (FMCG)
that directly touch peoples lives. The
main drivers of Mo's FMCG business
have been sisal farms, tea estates,
and cashew fields. In the 1990s, the
Tanzania Government auctioned off
a number of loss-making state-owned
entities, and Mo immediately seized the
opportunity.
Noting that some of the parastatals
were run-down and being sold at
throwaway prices, Mo borrowed
US$1m from his dad as start-up capital
and quickly acquired a wheat-milling
plant and textile factories, among other
assets. In the 12 quick years following
Mos bold investment, he was able to
transform his fathers trading company
into a hugely profitable conglomerate.
"It was my father, Gulam Dewji
now MeTL Chairman who took
the business from a one-man shop to
a nationally-known Import-Export
House, with approximately US$30m
in annual revenues," Mo states. "At
the time, MeTL focused on importing
finished products for sale in Tanzania.
The firm also exported a number
of
locally-produced
agricultural
commodities and raw materials. Now,
MeTL is a company that sells almost
everything, from air conditioners to
bubblegum. The only exception is
alcohol, which MeTL doesnt produce
or trade in strictly in keeping with
the familys Islamic faith!"
Mo credits his dad with providing
him from a young age with the formal
and informal education that led to his
success in business, and in life.
MeTL:
Tanzanias
Largest
Conglomerate
MeTL Group is Tanzanias largest
conglomerate, housing over 30 firms.
It collectively employs 28,000 people
approximately 2% of formal private
sector employment in Tanzania, making
MeTL the largest employer after the

Government of Tanzania!
In addition to the groups success in
job creation, MeTL was projected to
garner revenues of over US$2bn last
year. Its current revenues contribute
3.5% of the country's gross domestic
product (GDP), thanks largely to its
activities in the buying and selling
of over 200commodities in East and
Central Africa.
"In Tanzania alone, we have 31
manufacturing industries, ranging from
textiles and detergents to edible oils,
plastics and grain-milling. Were the
largest textiles manufacturer on the
African continent," Mo says, adding
that the Group distributes about 50 of
its own brand products.With four textile
mills(three in Tanzania and another
in Mozambique), MeTL produces
100 million metres of cloth annually
equivalent to two times the Earth's
circumference!
According to Mo, all the firms MeTL
acquired under the state privatisation
scheme in the early 1990sbegan making
profits just two years later. East Coast
Oils & Fats which produced only 60
metric tons daily before privatization
was producing 600 metric tons by 2005,
and 2,000 metric tons today. MeTL
continues to grow and develop its
investments. The company is invested
heavily in agriculture and has become
the largest landowner in Tanzania, with
over 60,000 hectares of arable land to
its name. MeTL works hard to support
its growers, through purchasing and
sourcing markets for their produce.
Mo medicated soap is manufactured at the MeTL Group subsidiary, East Coast Oils and
Fats, a state-of-the-art facility for the manufacture of edible oils, fats and soaps. It is the
largest plant of its kind located at one site for the entire African continent. East Coast has a
manufacturing line of toilet soaps with a capacity of 600 tons a month (131,400tons a annum),
further expansion of toilet soap 18,000MT/yearly.
Mo: The Humble Man Behind All

His Achievements
My dad taught me to do business.
Every Christmas, every summer
holiday, he wanted me back home (from
University overseas) to work with
him, he recalls. One of his relatives
who asked not to be identified here
noted that Mo has always been humble.
Although "his dad was wealthy even at
that time, you never sensed that when
you met him. You never felt that he was
better off than you!"
This quality proved important in many
aspects of Mos career, enabling to
effectively connect with the poor, rural

population in his familys hometown
of Singida-Urban, an electoral
constituency whose people Mo
represented in the Tanzania Parliament
from 2005 until 2015.
His humble demeanor has
underpinned the development of
a business strategy that sees the
economically-disadvantaged not as
charity cases, but as willing and able
consumers of products matching their
needs and their pocketbooks. It's the
passionate, philanthropic spirit of this
young man that made him scoop the
'African Philanthropist of the Year
MeTL Group's Star Oils (T) Ltd started wholesale of petroleum products in December 2010. Located near Dar es Salaam's port at Kurasini, it
is one of the group's newest business ventures. The company has a capacity to store 38 million litres of petroleum products.
57
Mo visiting some of the patients at a local hospital in Singida who have been recipients of the patient assistance grants via the Mo Dewji
Foundation. The mission of Foundation is to create lasting solutions in order to enhance the quality of life and well-being of under-preiviledged
Tanzanian citizens.
Award at a recent ceremony in Dubai,

UAE a programme of the African
Leadership Magazine.
Giving Back
Mos humanitarian service tendency
comes from his deep Islamic faith
in him by his grandmother and a
general interest in ethical principles
from assorted world religions.
Conscientiously, Mo is a religious
person who believes that lifes short
and you have to give back to society!
Mo ran for parliament in 2005 on
humanitarian grounds, determined
to help his home constituency of
Singida. In the ten years of his tenure
as the Singida-Urban MP, MO spent
TSH5bn on various socio-economic
development activities. Upon a recent
visit to various projects in SingidaUrban, Mo noted that he saw significant
progress in the education system in the
region, as well as the access to basic
rights such as healthcare and water.
Education Sector
Using his own resources, Mo built
20 primary and secondary school
classrooms in Singida-Urban District,
58
and donated about 300 desks. Working

in conjunction with other stakeholders
in the district, Mo built 13 primary
and secondary schools, as well as an
administration block and latrines for
both teachers and students. He donated
office chairs to the Kindai Secondary
School, and contributed to the purchase
of 1,000 science books for secondary
schools in 17 local authorities in the
District.
Working through the Mo Dewji
Foundation, he routinely sponsors
education projects for orphans and
children whose parents are unable to
pay school fees. From 2005 to date, the
Foundation has sponsored over 16,000
students in both primary and secondary
schools.
Health Sector
Mo contributed 12,000 mosquito bednets for his constituents, and brought
in 'Flying Doctors' from overseas for
a special Eye Camp, which served
about 1,500 eye patients. He also built
a special ward for eye patients at the
Singida Hospital.
It was Mo who paid half of the entire
cost to build the Mungumaji District
Dispensary. He also built a dispensary

in Ititi Village, and donated over 50
wheelchairs to disabled persons.
Water Sector
Through his influence as MP, Mo has
been able to successfully lobby the
government and the Bank of the UAE
to dig two water wells, thus enabling
Singida-Urban residents to access clean
water. He also sponsored 45 borehole
and water well construction projects in
20villages around the constituency.
Agricultural Sector
During his role as MP, Mo donated
1,500 animal-drawn ploughs to local
farmers, and 40 tons of leguminous
seeds (choroko, mbaazi, dengu). In
addition, he sponsored various seminars
intended to empower growers and other
key players in agriculture.
Through his registered charity, the
MO Dewji Foundation, Mo donated the
generous amount of TSH100 million
to Msoga Poultry Farming Project to
assist in the first phase of the multimillion project, which is intended to
eradicate extreme poverty in Msoga
village (Chalinze) through poultry
farming. Through empowering the

villagers of Msoga, the project will
boost development and strive for
poverty eradication, all thanks to the
generous support of Mo.
Entrepreneurship
In January of this year, Mo launched
the Mo Entrepreneurs Competition to
recognise and support the efforts of
young entrepreneurs in Tanzania. The
competition is an avenue for me to
enable and support young entrepreneurs
who are running high-potential startups but lack further support in form
of growth capital, networks and
mentorship, which could accelerate the
growth of their companies, he states.
The end goal of the competition
is to provide an interest-free loan,
accounting software, and financial
literacy training to a select number of
finalists.
Over the past month, I was fortunate
enough to spend several hours each day
with 20 young entrepreneurs vetting
their business pitches. Their passion,
drive, and determination to grow very
much resembled my ambition 20 years
ago, says Mo. These young men and
women, all of whom are playing an
instrumental role in shaping the future

of the Tanzanian economy, are a very
integral part of Mos philanthropic
efforts.
Future Outlook
In the coming years, Mo plans to
cement MeTLs position asan African
multinational firm through opportunistic
investments in surrounding countries,
taking advantage of Tanzanias unique
favorable geopolitical and geographical
position.
I am going to invest more than $555
million over the next 4 years to employ
over 100,000 people across Africa
by 2021, with a significant majority
of those jobs coming to Tanzanians,
Dewji said in a conversation with JBT.
In an effort to expand its core business
activities and increase employment
across its countries of operation, MeTL
group is currently undertaking several
growth and expansion projects.Im
already present in Kenya, Rwanda,
Burundi, Eastern DRC, South Sudan,
Malawi, Mozambique, Zambia, and
Ethiopia, Mo says. But, I want to
replicate... So, were going to start
expansion using $250m in the next 12
months alone, he reveals. He plans to

increase MeTLs presence in five main
business areas where he feels the Group
has a clear advantage: edible oils, grainmilling, petroleum distribution, textiles
and general trading.
Recently, MeTL and the Rand
Merchant Bank of South Africa signed a
US$200m agreement for medium-term
financing dedicated to Mos expansion
plans. Our vision going forward is that,
by the 2025, we want to be a US$5bnrevenue company, with an employment
complement of 100,000 people God
willing, Mo states.
Mohammed Dewji is putting Africa
on the world map, and getting the
continent recognized globally in a
positive sense.
I applaud Magufulis strategic vision
and commitment to support the rapid
industrialization of Tanzania. His vision
coupled with continuous investment and
financial commitments from companies
like MeTL Group are instrumental in
helping Tanzania achieve its Vision
2025 dream of becoming a middleincome country. Only through homegrown development can countries
achieve sustainable prosperity and
economic growth, Dewji says.
Mo Mpishi is manufactured at the MeTL Group subsidiary, East Coast Oils and Fats, a state-of-the-art facility for the manufacture of edible oils,
fats and sops. It is the largest plant of its kind located at one site for the entire African continent.
59
What contributes
to TANESCO
resounding success
HE Tanzania Electric
Supply Company
(TANESCO)
is a parastatal organ
of the Government of
Tanzania whose key role
is to generate, distribute
and supply electricity
throughout the country.
Recently, Tanzania
experienced load shedding
for lack of adequate power
generation on the back
of assorted challenges.
However, matters have
improved considerably, as
the TANESCO Managing
Director, FELCHESMI J.
MRAMBA, explains in this
exclusive interview with
the Editor of the Jambo
Brand-Tanzania (JBT)
Magazine, ERIC TOROKA,
dwelling especially on how
- under his leadership - the
state power monopoly has
managed to reverse the
situation such that, for all
practical purposes, load
shedding will soon enough
be history. Excerpts...
60
JBTs ERIC TOROKA: TANESCO

was established by the Government
of Tanzania to generate and supply
electricity throughout the country.
You came to lead this institution in
2012. What has been the Companys
performance so far?
FELCHESMI J. MRAMBA: From
2012, performance by TANESCO
has been outstanding in many areas.
But some of the key areas where we
see a lot of improvement starts with
expansion of the network particularly
the distribution network, which has
expanded threefold from 2012!
Another area where we have seen
considerable improvement is the
Companys customer base. While the
total number of our customers in 2012
numbered 980,000, we now are talking
of 1,700,000 customers and, here,
we are referring only to households!
There has been a very significant
improvement when I compare the years
2012-to-2016.
Another area in which I see significant
improvement is the reduction of
losses. Our power losses, which stood
at around 21 per cent in 2012, have
dropped to 17 per cent in a matter of
only a few years. That is another area
where we have done ourselves proud!
We have also seen significant
improvement in the collection of
revenues. I can say with bona fide
confidence that TANESCO revenue
collections have doubled within that
period. Also addressing the issue of
customer services whereby within
that period of time, chiefly as a result
of significant improvements in the
delivery of our services to our highlyvalued customers. And, when it comes
to the training of our employees,
we have started a rigorous training
programme for our technicians and
artisans which is designed to make
them efficient at site. In fact, as I am
talking to you now, over 50 per cent of
all our technicians and artisans have
been trained within the duration of
2012-2016.
Indeed, there are many other areas
where we have made significant
positive changes One notable area

is that reliability of power supply is
now more of a reality on the ground
than was the case before. We no longer
have frequent power cuts although
we inevitably still have power cuts
here and there, now and then which are
beyond human control. But, overall, we
have made significant improvements in
that area as well.
Furthermore, we have continued to
improve on the use of ICT in offering
our products and services so that
more customers can buy electricity
using state of the art services such as
Tigo pesa, M-Pesa, Airtel Money, etc.
They also can pay for our products and
services by using bank ATMs, point of
sells (PoS). In the event, ICT continues
to be one of our key platforms for
delivering services to our customers
near and far.
QUESTION: The President of
the Fifth Phase of Government
of Tanzania, Dr. John Pombe
Magufuli, has clearly said that he
wants prospective investors to set up
industries in the country. Please tell
our readers to what extent TANESCO
is able and ready to connect power to
the envisaged industries and also to
more Tanzanians, especially in rural
areas.
ANSWER: Yes, I am fully aware that
the President of the United Republic,
Dr. John Pombe Magufuli, has made
it clear that he wants more investors
in the industrial sector of the national
economy. This could very well be
part and parcel of the legacy of his
Government. There can be no question
that TANESCO is a key player in
that area, if the ambitious presidential
vision is to be realized. We are a pivotal
player in this, not on the periphery of
developments.
What we have agreed on is to make
sure that we have generate enough
power to take care of the envisaged
industrialization. To that end, we have
plans to improve our transmission and
distribution networks. On generation,
we already have key projects very
much under way. The Kinyerezi-I
TANESCO Managing Director, Eng. Felchesmi Mramba, inspecting Somanga power plant during his special visit to Somanga Plant.
project is already up and running, and

we have started working on expanding
the production capacity of the project
from 50MW to 335MW. Already, the
contractor has started the requisite
works and the project should be ready
within 18 months! So we will have an
addition of 185MW within the next 18
months.
With regard to the Kinyerezi-II power
project, the contractor is proceeding
well with the works and we expect to
have first megawatts running in the 21
months ahead.
When we have the whole project
completed, itll be our first combined
cycle project in the country and, most
probably, in the East African region.
I have already added 140 megawatts
to the national grid. Without forgetting
Kinyerezi-III This is a combined
cycle with 600 megawatts, a project
which we are implementing in
partnership with a Chinese investor,
Shanghai Electric Power Company
whereby the Chinese have a 60 per
cent shareholding, while TANESCO
and other Tanzanian investors together
have the remaining 40 per cent.
Finally we will have Kinyerezi-IV
another combined cycle project with
the capacity to generate 330 megawatts!
All these projects are together a key to
improving the availability of power in
the country.
But, that is not all! We do have
Public/Private
Partnership
(PPP)
power projects as well. We have, for

example, Kilwa Energy, located in
Kilwa District. Then we have private
investors in the sector, like Kamal
Steel, basically an investor in steel
production who is also willing to
invest in a power project in Zenga,
Bagamoyo District under the wing of
an Economic/Exports Promotion Zone
(EPZ), a special industrial area to which
the Government is striving to attract
investors in industrial production!
So, what they want to do is to have
electricity generated at site and
they are talking of investing in a 225
megawatts system from which they
will consume 75 megawatts, and the
remaining megawatts fed into the
national grid.
We are now looking into other
areas, including renewable energy,
which continues to play a major role
throughout the world.
In any case, Tanzania is phenomenally
endowed with a lot of potential in the
energy sources stakes especially wind
and solar energy. The good thing is that
the cost of solar is steadily coming
down! Four years back, a prospective
investor would come to Tanzania with
a proposal to invest in solar energy
with the hope of setting a price of 20
to 25 US dollar cents per kWh. But,
about two weeks ago, someone sent
me an article from Zambia where they
had a competitive process of attracting
investors and there were potential
What we have agreed

on is to make sure
that we have generate
enough power to take
care of the envisaged
industrialization. To
that end, we have
plans to improve our
transmission and
distribution networks.
61
TANESCO Managing Director, Eng. Felchesmi Mramba, lifts a block to mark the groundbreaking ceremony for the Dar es Salaam
Distribution Infrastructure system Upgrade project at Ilala Substation. The project is expected to stabilize power supply in the city.
investors who were able, willing

and ready to invest in solar power
production with a sale price of 6-to-7
cents!
So, I believe that this is an area which
is going to be very attractive in the
future. We in Tanzania are also looking
into the matter carefully, with a view to
eventually moving into tapping solar
and wind power!
As a matter of fact we already have
some projects in Singida by the East
African Wind Power in partnership
with the National Development
Corporation (NDC). There is another
firm which is keen to invest in solar
power in Shinyanga and the University
of Dodoma (UDom) And yet
another wind project by Sino-Tan in
Makambako-Songea.
Indeed, we now we have a number of
big renewable energy projects in the
offing!
Coal is also a key source of power in
Tanzania- witness Kiwira, Mchuchuma,
Nganga and we are negotiating with all
and sundry to see if we can get power
from these sources.
On the issue of power transmission,
we have a number of projects in hand,
and these are important if we really
want to industrialize. This is because
having power generation is one thing;
but being able to transmit the power
generated to where the demand is
that is a completely different thing all
together!
So, we have major transmission
projects like the backbone from IringaShinyanga; North East-Dar es SalaamArusha; the Kenya-Tanzania inter
62
connector starting from Singida via

Arusha, connecting to Namanga and to
Kenya.
We also have the North West grid
We are talking of having transmission
connecting
from
Mbeya-Rukwa,
Katavi-Kigoma and then to Nyakanazi.
We have small lines connecting BuliKahama-Geita-Nyakanazi-to-Rusumo.
We also have projects starting from
Makambako-Songea And, finally,
we have a project starting from Dar es
Salaam to Somanga.
All these projects, which are at various
stages of implementation, are key if
we are to realize the goal of making
Tanzania an industrialized country.
This is because industries consume
huge amounts of power, and you need
large and high voltage transmission
lines to be able to supply adequate
power to the industries.
This is without forgetting the
expansion which is taking place in the
distribution sub-sector. TANESCO
already has put in place ongoing
activities in most metropolises. In Dar
es Salaam, for instance, we have four
projects, one of which is supported by
JICA, and another by the Government of
Finland. Of the other two projects, we at
TANESCO are doing one in partnership
with the African Development Bank
(AfDB), and the other, with the World
Bank Group (WBG).
Distribution is a very important
aspect in the power sector. This is if
only because, having generated and
transmitted the power to a given area,
you then need to distribute same to
reach a wide range of consumers,
including industries. And, it is at the

distribution level where you guarantee
the quality of the power you supply to
the industries.
Apart
from
transmission
and
distribution lines, as well as substations, we have also constructed a
state of the art Supervisory Control &
Data Acquisition (SCADA) system
for remote monitoring and control
that operates with coded signals
over communication channels (using
typically one communication channel
per remote station). Under this ICTenabled system, for example, electricity
distribution in the whole Dar es Salaam
will be controlled and monitored from
one point
Apart from that, we are also
developing a distribution management
system whereby we can monitor
and control our power systems from
major sub-stations to transformers
in the streets and to the customers
premises! We want our Control
Engineers to be on the screens and be
able to monitor what is happening at the
transformer to the customers house.
We are really working hard towards
achieving the vision of the Government
of industrializing the country.
In that regard, we have also invited
private sector investors who are able,
willing and ready to come and invest
in Tanzania. As of now, we have seen
a lot of interest in private investors, and
we believe that private investment will
play a key role in the countrys power
sector in years to come.
In the event, we are hopeful that,
before the end of this year, we will be
able to advertise tenders and, through

the tendering processes, come out
with prospective investors who will
be offered the opportunity to invest in
the highly potential power sector in
Tanzania.
Q: What will Tanzania's natural gas
discoveries mean for the country's
power generation?
A: Natural gas has many uses, and
power generation is just one of them.
Other uses are in the manufacture of
fertilizers, plastics Also, Tanzania
can put in place an energy plant at
which to manufacture gas for export. In
any case, we have started using natural
gas for power generation. Today, more
than 60 per cent of all the power that
is consumed in the country comes from
natural gas! We expect to continue
increasing that proportion to a point
whereby, even if we have a serious
drought we can still be able to generate
and supply electric to our customers
as usual. In other words, we want to
be able to have a base load of natural
gas, hydro and other power sources at
all times, including during the times of
peak demand.
Q: What is the current focus of
TANESCO's restructuring process?
A: TANESCO has started the process
of restructuring and this is according
to the decision made by the Cabinet
in 2014. The decision was to unbundle
TANESCO into three different
companies for generation, distribution
and transmission. So, the three sectoral
divisions of the company would stand
as independent companies.
By 2017, we expect the generation
division to start standing alone
and leave the rest of the business
proceeding as one. As I am talking
now, we are doing evaluations of
assets, management changes we are
preparing our customers to be able to
accept the coming changes and a
number of things which we have started
doing. So I hope the restructuring
processes of TANESCO will proceed
as earlier decided.
Q: Please tell our readers what the
current energy demand is and what
role the private sector will have to
play for Tanzania to meet its energy
needs.
A: We are continuing to invite
prospective investors to participate
in the energy sector. After all, the
demand for power is growing and
the Government alone will not be
able to invest and satisfy the growing
demand. So, it's important to have some
contribution from private companies.
One good thing is that the Government
will continue having some significant
portions of generated power so that we
can maintain security of supply. But,
still, the private sector is still needed to

come in and help meet the demand.
Q: Please tell our readers what your
organization's future outlook is
A: TANESCO is a dynamic
organization which has undergone
several changes in the recent past and,
we are pursuing more changes. One of
the key areas that is undergoing a major
change is Customer Services whereby
we seek to be able to provide good
services to our customers which will
meet their expectations.
One of the key areas in which we
have done some good work is the
communication to customers. We have
commissioned a new system whereby
a customer can access information on
and from TANESCO and which also
enables TANESCO to send information
to its customers via the cellular phones
system. We believe this is a good
platform whereby communication
between customers and utilities can be
enhanced.
As of now, for example, our customers
in Kinondoni-North do not need
to watch TV to know our plans for
tomorrow: when disconnected power
will be restored; what is happening,
etc They just need to be on their
cellular phones to access that kind
of information. We normally use
Android, an application which aids
that kind of communication. That is
just one element of the improvements
we have set out to do in communicating
with our customers.
We also want to come up with
By 2017, we expect the

generation division to start
standing alone and leave the
rest of the business proceeding
as one. As I am talking now,
we are doing evaluations of
assets, management changes
we are preparing our
customers to be able to accept
the coming changes and a
number of things which we
have started doing.
improvements in many other areas.

We want to know exactly who our
customers really are. We want to
know where our customers are doing
so through the GPS to reach all our
customers without going to our offices.
We will continue rolling out the prepaid system so that our customers will
not need to go to our offices and queue
up for their electricity bill, or lodge a
complaint against one of us!
Q: Is there any specific project for
which you are frantically looking for
investors?
A: Yes, investors are invited for
projects within our business segments
and, here, we are talking about
The 150MW Kinyerezi 1 Natural Gas fired power plant owned by the Government of
Tanzania through TANESCO.
63
Power Generation, Transmission and

Distribution. In each of segment, we
expect to have a contribution from the
private sector. So, investors are invited
to, for example, generate power using
coal and renewable sources, power
distribution systems, ICT and other
support systems, etc.
Q: How do you see the Energy
Sector in five years to come?
A: Tanzanias Energy sector is
growing. In five years to come, I expect
to see more than 75 per cent of our
citizens having access to affordable
electricity. As I am talking today,
about 50 per cent of Tanzanians have
access to electricity and over 75 per
cent of Tanzania should have access to
electricity in the next five years!
But that will happen only by expansion
of the national power grid, continued
use of renewable energy or any other
readily available source of energy for
generating power. Moreover, natural
gas will continue to play a key role
particularly being in the position
whereby homesteads can start using
natural gas supplied through pipelines.
Hopefully, this is going to happen in the
next five years as well!
Indeed, in the next five years, the term
load shedding should be history in
Tanzania because we would then have
enough power to meet the demand!
Q: Please tell the readers, what
your assessment of Energy sector in
Tanzania is
A: The energy sector in Tanzania has
come a long way and is growing. I
have seen a lot of growth in the sector
in the past 10 years. That growth is in
part facilitated by the discoveries of
natural gas. But it is also facilitated
much more by the commitment of the
Government, which has invested a lot
of money in building power plants and
transmission lines. Also, a lot of efforts
have been made by TANESCO through
its efforts to connect up more customers
and also establishing REA (Rural
Electrification Agency) which has
massively contributed to connecting
power in the rural areas.
Q: Looking ahead: what are the
main areas in the Energy sector that
need to be addressed so as to boost the
countrys economic development?
A: Looking ahead, I think the Energy
sector needs to address various issues
so as to continue contributing positively
to the nation's economy. One of those
areas is: how we can strengthen the
reliability. We are talking of putting
in place more power generation,
transmission and distribution; of
continuing with rural electrification
But, the more you do this, the more you
will need to come back and improve the
reliability of the services needed.
64
Gas-pipeline
Kinyerezi-1 project
Reliability
goes
with
having
power sub-stations and high voltage
distribution systems as opposed to
the using of low voltage distribution
systems.
Another area we need to look into
is the last mile. When it comes to
electrification, the last mile is being able
to recognize the few customers who
remain without electricity! You look at
a city like Dar es Salaam and see a lot
of people who have built their houses,
and they now need to be connected to
electricity supply. We need to do the
last mile to be able to supply electricity
to all these customers who are ready to
be connected but who for whatever
reason(s) they were not connected as
appropriate.
So I guess that's one area we need to
look into if we want the energy sector
to contribute more to the national
economy.
But I am also looking to having an
LNG (Liquefied Natural Gas) plant.
This is very important for the nation's
economy because, yes: we are using
natural gas for generating power. But
that's very small portion out of the
whole amount of gas that has been
discovered!
that Tanzanias Energy sector faces,
and what should be done so as to leap
forward?
A: The Energy sector is facing
common challenges which are
routinely faced in other sectors of the
Economy. One key challenge is the cost
of supplying power. Power is expensive
nowadays. The cost of supplying
power to a customer in Tanzania also
applies in, say, Egypt, Israel, the US.
This is because you are using the same
technology available in the market, and
generate power from the same sources
which are available in the world in
which case the cost are relatively the
same.
But, sometimes, the costs in Third
World countries are higher, compared
to the costs in the First World the main
reason being that countries in the First
World already have well-established
systems which support the energy
sector. They have good roads, good
infrastructure, good communications
systems, the requisite skills.
In that regard, an investor going to
invest in the US uses less time than
one investing in Tanzania. Besides,
we in Tanzania don't have the required
negotiation skills, and we take more
time to negotiate a win-win deal. Our
roads are not good enough, and are
more often than not impassable during
the rainy season. We don't have skilled
labour and, so, an investor comes into
the country with imported labour.
240MW Kinyerezi Power Plant phase II
So, it becomes inordinately expensive

to invest in Tanzania than is the case
in other countries and, as a result,
developing the energy sector will not
be relatively cheap. When you take all
that into account, you will find that our
people are very poor in comparison
with citizens in the First World!
But then, Tanzanians are supposed
to pay more for their needs, including
electricity, than what people of the First
World have to pay! Now, that's a huge
challenge; it is something we need
seriously to look into So, when we
are talking of attracting investors, we
should also know how to facilitate the
business for them to decide on investing
in the country. We need to work more
on our roads, our infrastructure, our
communication systems, our labour
skills, our negotiation capabilities and
address stifling bureaucracy, etc.
Currently, we have many developers,
investors who are generating power in
Tanzania, but we have only one buyer,
which is TANESCO. I know that we
want to have power generation as an
independent firm But, we also are
formulating an independent system
operator to take care of the transmission
system as well as independent market!
Now we need to have it operating
so that, in the future, we won't need
to have a single buyer system. One
disadvantage of a single buyer is in
the costs associated with investment.
Naturally, an investor would like to
come in and recoup all the investment
costs soonest, as well as financing cost
of the projects from the off taker. And,

so, you find the off taker takes a huge
burden of capacity charges which are
the result of the cost of investing and
financing.
I believe that, if there is one thing
which needs to be done in the future,
it is to have the whole market liberated
so that an investor should be able
to generate power and sell it in the
market and the off taker should go
to the market and buy power without
necessarily talking of capacity charges!
Q: Any other pertinent comments/
appeal/piece of advice to Tanzanians,
the Government, private sector
institutions in general and investors
in particular?
A: I continue to assure my fellow
Tanzanians that a lot has been done
in the countrys Energy sector
particularly in the electricity sub-sector.
But, I also believe that more could be
done. I have seen a lot of willingness
in Tanzanians as I have seen the
willingness on the part of our President
Dr. John Magufuli. Almost every time
he speaks to his people, the President
puts emphasis on having adequate and
reliable power supply in the country
but also power which is affordable,
and which should meet the needs of
customers of all levels.
In that regard, I urge my fellow citizens
to be patient as the Government and
TANESCO continue to improve on the
power supply as well as we continue
to invest in the energy sector.
65
Dangote Group
to invest in sugar
industry in Tanzania
Construction of
the factory has taken
just two-and-a-half
years from the time the
construction began on
May 27, 2013, following
an agreement signed
between our Group
and the Government of
Tanzania,
66
ERIC TOROKA, MTWARA
FTER investing US$600

million in a state-of-the-art
cement factory in the Msijute
area of Mtwara Region in Southern
Tanzania, the Chief Executive Officer
(CEO) of the Nigeria-based Dangote
Group Limited, Al Hajj Aliko Dangote,
has expressed his intention to turn his
attention and resources to the sugar
sub-sector in Tanzania.
In that regard, negotiations are
already going on with the Government
of Tanzania whereby the Dangote Group
seeks to invest in sugar production.
Currently, it is reliably estimated
that Tanzania has an annual deficit of
anything from 120,000 to 200,000

metric tons (tonnes) of sugar. In the
event, the Dangote Group is seeking to
end that deficit doing so by producing
sugar at a cost that will be affordable to
the end-consumer as a matter of course.
This was said by Al Hajj Dangote
when speaking in an exclusive
interview with JBT Magazine during
the formal launch of the Groups cement
factory in Mtwara, a function which
was officiated by the immediate-past
President of Tanzania, His Excellency
Jakaya Mrisho Kikwete.
Speaking on whether Al Hajj
Dangote will pump money into the
construction of a
sugar plant in
Tanzania, a representative of the
Dangote Group Ltd (Tanzania), Ester

Baruti, said Dangote is someone very
understanding, who will get the country
far; it is only that some people still have
not understood him.
"In order to ensure that the policy
of the Fifth-Phase Government of
President John Pombe Magufuli
(in Office on November 5, 2015) to
establish industries is fulfilled, I ask our
government to advise Al Hajj Dangote
to continue investing in various areas.
Revealing the reasons for choosing
to invest the amount of US$600
million in the construction of the
cement factory in Tanzania, Al Hajj
Dangote unequivocally attributed
the main reason for the investment to
good Government policies, including
the prevailing investment-friendly
environment which Tanzania has
become known for.
With the advent of the Dangote
Cement Plant in Mtwara, Tanzanias
construction industry in general and
ordinary Tanzanians wishing to own
durable housing in particular stand
to benefit at a time when a 50-kilo bag
of Dangote cement will retail at a
reasonable TSH8,000 way down from
the current price of up to Tsh18,000 a
bag for other cement makes!
Besides, Tanzania will no longer have
to direct its meagre foreign Exchange
reserves at importing the commodity!
According to Al Hajj Dangote,
the Mtwara factory was built over
a relatively short period of time,
Former President of the United Republic of Tanzania, Jakaya Mrisho Kikwete and the
CEO for Dangote Industries Group, when officially inaugurated the cement factory in
Mtwara, recently.
compared to other cement plants that

have been built in Africa!
Construction of the factory has
taken just two-and-a-half years from
the time the construction began on
May 27, 2013, following an agreement
signed between our Group and the
Government of Tanzania, he said.
According to Dangote, the factory
which is expected to produce three
million metric tons of cement a year
is the biggest cement factory in
East Africa. It has the capacity serve
the needs of Tanzania, with excess
production to be exported.
When we get to the highest level
of our production, the factory will
enable Tanzania to be self-sufficient
Former President of the United Republic of Tanzania, Jakaya Kikwete, and Alhaj Aliko
Dangote in official launch of Dangote cement factory.
in its cement requirements and have

a surplus to be exported, Al Hajj
Dangote told former President Kikwete
and thousands of people who attended
the event, including 172 business
representatives from Nigeria who were
invited as special guests of the Dangote
Group.
In addition, the Al Hajj took the
opportunity to personally thank
the former Tanzania President for
effectively creating an enabling
environment to facilitate investment
which also reduces the costs of starting
a business in the country.
Tanzania is one of the most
business-friendly
countries
for
attracting investment in Africa,
Dangote stressed. The reforms which
this country has made in various sectors
and which have obviously led to the
countrys economic growth to a certain
point are among the crucial factors
which led us to choose Tanzania as a
country to invest in, Al Hajj Dangote
revealed.
He further revealed that the
Dangote Group has decided to invest
in the country also because it wants
to contribute to the construction of
infrastructure in Tanzania, as well as
create employment opportunities in its
bona fide efforts to participate in the
overall development of the country.
We are expecting to create 1,500
jobs directly, and 9,000 non-direct. Our
vision is to invest in an economy from
which you can reclaim the investment
costs for sure. Also, the establishment
of this factory in Tanzania will
67
continue to strengthen the relationships

between the two friendly countries of
Tanzania and Nigeria, he bubbled with
enthusiasm.
About his plans for supporting
Africa to become independent in
cement production on a sustainable
basis and, thus, help reduce the use of
foreign currency by struggling African
countries to import cement Dangote
said this factory is one major success
among our ambitions to build similar
projects in 18 African countries. This is
definitely according to our strategy on
investing in Africa.
HISTORY OF THE PROJECT
LOCATION
The history of the Dangote cement
plant project started in 2012 at Msijute
Village in Mtwara Region, whereby
the government faced the challenge of
being sued by the former owner of the
area, Sani Lodge.
This followed the government's
decision to revoke the title deed of
Msijute in the nations interests and,
doing that brought the area under the
jurisdiction of the Lands Ministry,
which then leased it to the Dangote
Group.
After the dispute over the area ended,
Dangote Industries Group Country
Representative Ester Baruti advised
Al Hajj Dangote to invite the recently-
retired Prime Minister, Mizengo Pinda,

to the laying of the foundation stone
for the construction of Africas largest
cement plant, whereby the owner
agreed.
Hon. Pinda laid the foundation
stone on May 27, 2013. Opportunity
was taken during the brief ceremony
to brief Dangote on what he could do
to make the local communities around
the project feel that they were part and
parcel of the Dangote aura. Among
the groups he cooperated with were
traders at the Mtwara main market
(WABISOKO), religious leaders, and
traditional elders.
After receiving the recommendations
about how to help the residents of the
region, Al Hajj Dangote promised to
build modern Secondary and Primary
schools and a Hospital, as well as
regularly provide funding for helping to
liberate women the region in the social
and economic developmental stakes.
In addition, Dangote promised to
provide employment by prioritizing the
residents of Mtwara Region, and also
purchasing raw materials and other
inputs in the country and that inputs
from abroad would be used only if and
when those from within the country
were not sufficient.
Depending upon the profits that will
be made by the factory, the plant owner
also promised to bat for Mtwara and
put it on the world map!

As the plant construction was in
progress, the Managing Director of the
CRDB Bank PLC, Dr. Charles Kimei,
asked Ester to arrange an appointment
for him with Al Hajj Dangote so that
they could together explore how the
Group could do business with the
Former President of the United Republic of Tanzania, Jakaya Kikwete, listening to the information from the plant's Production
Manager, Engineer Mbumi Mwampeta, on the production of cement by using a new technology. This was during the inauguration of
Dangote Cement factory held last year in Mtwara.
68
bank. In the event, Dr. Kimei pledged

to provide a loan of any amount for the
construction of the factory.
In returning to the community
part of the benefits he gets from his
business in the area, Dangote started
that off by laying the foundation for the
construction of a Police Station near
the cement plant. The Station was build
on land that was owned by Godbless
Kweka, a member of the National
Executive Committee of the ruling
Party of the Revolution, Chama cha
Mapinduzi (CcM-NEC).
Soon after laying the foundation
stone, Al Hajj Dangote visited various
places in Mtwara Region where he had
convivial audiences with ordinary folk.
In the event, he asked the residents of
the area as a matter of course what he
could do for them. They all clamoured
for a dispensary to which he promptly
agreed!
PLANT CONSTRUCTION
Out of all the factories owned by
Al Hajj Dangote in various African
countries, the Dangote Cement
Factory in Mtwara, south-eastern
Tanzania which was built by Sinoma
International Engineering Company of
China was constructed in the shortest
period, being built day and night!
"We thank the Government of

Tanzania for facilitating the construction
of this plant in so short a short period.
For example, the Government was able
to provide the requisite implementation
permits in good time. In addition, thethen Minister for Works, Hon. John
Pombe Magufuli, gave us unstinted
cooperation of the highest order. He
"Whenever there were

any problems with TPA
(Tanzania Ports Authority)
or TRA (Tanzania Revenue
authority), Al Hajj Dangote
was able to sit down with
principal officials and hold
discussions on how best to
address the challenges,"
Ester said.
was holding down a position of high

authority in the Government, Ester
says.
One of the things which the
Government has given great support to
in facilitating construction of the plant
was tax exemption for the plant.
"Whenever there were any problems
with TPA (Tanzania Ports Authority) or
TRA (Tanzania Revenue authority), Al
Hajj Dangote was able to sit down with
principal officials and hold discussions
on how best to address the challenges,"
Ester said.
Working through the Tanzania
Investment Centre (TIC), the Tanzania
Government routinely granted tax
exemptions to bona fide investors.
There was no problem at all, Ester said,
stressing that Dangote is a man who
routinely complies with all the laws of
the country he happens to be operating
in. This is considering that the Dangote
Group is large, and commands great
respect worldwide.
Regarding security issues, Ester says
a former Head of the National Service
(JKT) made frequent visits seeking to
have SUMA-JKT assigned the security
job and also benefit from the concept
of technology transfer!
However, Ester says, "since the
start of the construction works at the
Dangote cement plant site in Mtwara,
we were working shoulder to shoulder
with the local Police Force and there
was not a single incident of criminality
worth reporting at the place!"
She added that "the residents of
Mtwara have taken our presence in
the region well and in good faith. That
is why I pray for Al Hajj Dangote to
be allocated more land in the Mgao
Village, where he was allocated 25
hectares of land on a 33-year lease so
that he can build special port and cargohandling facilities."
SUPPORT
Al Hajj Dangotes representative,
Ester Baruti, took the opportunity to
thank all mass media organs both print
and electronic who offered unstinted
support in one way or another all the
way from the beginning as the Dangote
cement project was being implemented
until its completion. The plant was
officially inaugurated on October 10,
2015, by His Excellency Jakaya Mrisho
Kikwete, the immediate-past President
69
to coordinate with Al Hajj Dangote so

that he could meet with the TIC Board
to discuss the possibility of establishing
a sugar factory in Bagamoyo District.
This was done, " she said.
CEO for Dangote Industries Group, Alhaji Dangote with a representative of Dangote
Group in Tanzania, Ester Baruti
of Tanzania (2005-2015).
"W also got great support from
the Chairman, CEO and Executive
Secretary of TPSF (Tanzania Private
Sector Foundation). Furthermore, my

warm thanks go to the former CEO of
the Tanzania Investment Centre, Julieth
Kairuki who, on 30/04/2015, asked me
THE CHALLENGES OF
SUPERVISING THE PROJECT
"The challenges that emerged during
the monitoring of the project are many,
but I dont need to speak about some of
them in the interests of the country
and other strategic stakeholders! I
have seen and heard a lot and I have
learned a lot so much that I have been
pondering writing a book titled 'Thank
You, Al Hajj Dangote!
Indeed, this project has brought
peace of mind and tranquility to Mtwara
and we are all most grateful to the
Government of Tanzania for having
allowed Al Hajj Dangote to come all
the way from Nigeria to invest in this
great project in this great country,"
Ester bubbled with enthusiasm.
She was not quite done, though
The Dangote Representative showered
praise upon His Excellency President
John Pombe Magufuli, hoping
and praying that his Fifth-Phase
Government will accomplish what he
intends to achieve for Tanzania and its
people including industrialization!
In a souvenir photograph after the inauguration of Dangote Cement factory
70
Huge Potential:
64 pc of Tanzanians have never
heard of insurance, says study
Israel Kamuzora
JBT SPECIAL
economic development.
TIRA's 2013 Annual Insurance
CORRESPONDENT
CCORDING to the
FinScope Tanzania
2013 survey, 64.2
per cent of the population has
never heard about insurance,
while 5.6 per cent of the
population does not know
how or where to gain access to
insurance.
The study found that 4.8 per
cent of the population did not
know how insurance works.
But the findings also call for
market and regulatory action
to ensure fast growth of the
sector. It will also concerted
efforts to enable all Tanzanians
understand the concepts and
importance of insurance in
their daily lives.
The sector has continued to
play a strategic role within
the national economy by
providing
the
national
underwriting
capacity
and contributing towards
mobilization of financial
resources for sustainable
Market Performance Report

shows that the industry has grown
at an annual average rate of
19.9 per cent in Gross Premium
Written (GPW), from TSH231
billion (US$110 million) in 2009
to TSH476 billion (US$227
million) in 2013.
The national GDP and the
finance intermediation sector
GDP, in nominal terms, have
grown at annual average rate of
16.3 per cent and 18.6 per cent,
respectively, between 2009 and
2013. The insurance industry
has therefore demonstrated a
higher average growth rate than
the national and the finance
intermediation sector GDP over
the five-year period (2009-2013).
Studies further show that the
economy has a low insurance and
micro-insurance uptake compared
to developed countries. This call
for effective measures to further
improve the insurance sector in
Tanzania and to it is affordable
and adapted to the needs of
Tanzanians.
THE financial sector Deepening

Trust (FSDT) conducted the
insurance study in Tanzania 2012,
which established that 12.7 million
adults are not insured. A further 3.7
million adults are insured but still
have unattended needs.
It also found that 7.4 million people,
which is about 30 per cent of the adult
population, cannot afford insurance
since they fall below the poverty line.
Some of the issues to be addressed
include creating new business
for insurance, building skills and
capacity to trigger demand for
insurance services, and product
innovation. Others are educating
customers through the sales
process, streamlining the regulatory
framework of community-based
health insurance schemes, making
the insurance distribution system as
flexible as possible, and developing
a risk-based framework that defines
insurance as low risk so as to apply
a simplified system of customer due
diligence.
Some efforts have been taken to
address these challenges, including
forming partnerships with the aim
of furthering the development of
insurance.
FSDT, in partnership with the
Tanzania Insurance Regulatory
Authority (TIRA), the Centre of
Financial Regulation and Inclusion
(CENFRI), FinMark Trust (FMT)
and Access to insurance Initiative
(A2II) will take the aim of hastening
the development of the sector.
The studies are done to analyze
the insurance sector in the country,
to understand its key drivers and
constraints, and thereafter to design
ways to fasten its growth. Different
stakeholders are involved in the
studies, representing regulators,
government
ministries,
and
departments, insurance companies,
agents, brokers, consultants, industry
associations, customers, distributors
and even potential investors.
71
NHC's future
bright, says
DG Mchechu
JBTs ERIC TOROKA: From your
perspective, what is your assessment
of the real estate sector in Tanzania?
NHCs NEHEMIA MCHECHU:
As I look at the real estate sector in
Tanzania, my perspective is that it is one
of the largest sector that can transform
this country and propel it economically
and socially. In fact, if you take a more
analytical view at the top two sectors,
real estate is one of them. It is important
in terms of the extent housing deficit
because the housing demand which is
rising each passing year, and it is huge
72
in terms of population growth. People

need shelter in one form or the other.
That's why my assessment is that real
estate is important. It is a powerful
engine that can drive us forward in
terms of socio-economic development.
QUESTION: Looking ahead, what
are the main areas in real estate that
need to be addressed so as to boost
the countrys economic prospects?
ANSWER: Actually, we need to
diligently work on the policies - in the
sense of monetary and fiscal policies.
In the area of monetary policy, we are
Everyone has a dream, and

so has the National Housing
Corporation (NHC) DirectorGeneral, NEHEMIAH
KYANDO MCHECHU. His
dream is to transform the
nation's commercial entity
into number-one flag bearer
in real estate. The DG also
aims at creating an institution
which will be synonymous
with the nations state in
that, when someone hears or
reads about NHC, he should
straightaway associate it with
Tanzania. Not only that, DG
also says that the Housing
Corporation's future is great
as it currently has a capital
base of nearly TZS 4 trillion
in value, projected to rise to
TZS 7 trillion by 2025. In
this exclusive interview with
the Editor of Jambo Brand
Tanzania (JBT) Magazine,
ERIC TOROKA, Mchechu
explains his dream. The
Excerpts...
talking about ready access to credit
by prospective buyers, credit access
to developers, affordable loan interest
rates because housing is a long-term
investment no matter how you look at
it.
When we talk about fiscal policy,
we need to have good tax incentives or
tax systems that will attract investors
to the housing development sector.
On in the respect, we can learn from
developed countries how they managed
to attract Developers in their countries.
Countries like Singapore, Malaysia,
Dubai, Kenya and the like.
I also need to think on the
infrastructure system to support
Housing sector. In order to reduce
construction cost, infrastructure cost
such as roads, electricity and water
need to be borne by relevant service
provider. This should not be part of
construction cost. Service providers
should look at this as an opportunity
for their new business and revenue
avenue. Those are things that we need

to address so as to boost the country's
economy through real estate sector. In
any case, I am quite positive that all this
is what we have been doing.
Q: What are the business
opportunities available in real estate
sector in Tanzania?
A: Business opportunities in real
estate sector are vast and that Developers
are encouraged to venture into. We
have been talking about annual housing
deficit of 200,000 housing units. This is
by itself is a huge opportunity to tap for
those who wish to join hands with other
Real estate developers. The housing
sector contribution to GDP is still
low and there an opportunity to grow
it to 4% of GDP. In terms of return
on investment, real estate investment
attracts up to 20% rate of return.
In fact, there is great demand from
businessmen who are in the business
of selling furniture and furnishings,
building materials, finishing gear,
but have difficulty in finding suitable
premises for their operations or cant
expand and grow their businesses.
You have industrial investors who
could benefit from a vibrant real estate
sector. We only need to see a significant
drop in construction costs to see a boom
in real estate development, something
which can be accomplished by
producing some construction materials
locally.
Overall, vibrant real estate sector
create job opportunities for engineers,
architects, quantity surveyors, and
other field such as employment in the
banking sub-sector, mass media as
advertisers in the real estate sector
grabbing those opportunities. Things
are really opening up as a result of fast
growing real estate sector - that is what
I can see ahead.
Q: How do you see the real estate
industry in the next five years?
A: I think the industry has just
started. I can see continuous and
constant growth of the sector probably
for up to the next 50 years. That was
what happened in Europe, the US where
transformation of the real estate sector
started in 1945-48 after the Second
World War (WW-II: 1939-45).
Even today, real estate has remained a
major driver of economic growth. I can
see the same happening in Tanzania.
By 2020-2025, there will be about 71
million Tanzanians. We are talking
about more 20 million people and all
these will need shelter and offices.
Incidentally, the only other sector I
could relate with real estate here is the
agriculture sector in general.
73
With the growing population,

consumption demand also grows - the
most important demand being in the
area of basics needs - housing being one
of them, so I can see a huge potential.
The population of Dar es Salaam,
for example, is projected to grow by
between 7 and 9 per cent per annum
between 2020 and 2025; therefore,
that should be a good indicator of the
housing needs for Dar es Salaam alone.
So, in fact, the potential opportunities
in Real Estate are staggering. It's scary!
Q: As a stakeholder in the real
estate industry, how do you view the
issue of setting up a regulatory board
and formulate a housing policy sector
in Tanzania?
A: I take the issue of setting up a
regulatory board positively, and also
having a sound housing policy in place.
The regulatory board is going to guide
our business conduct. It is a positive
thing, and we shouldn't look at it
negatively as it is a good thing.
A functioning housing policy is also
important because it gives clarity on the
path, direction and purpose the country
must take when it comes to the housing
industry.
If you talk about affordable housing
today - doing so in the absence of a
coherent housing policy, no one can tell
for sure whether or not we are talking
about affordable housing, the people
we are targeting, sort of housing we are
talking about, the affordable housing
or low income housing, the level of the
74
middle income housing and the prices.

Other pertinent aspects are what is the
government's role in providing houses
to its wananchi; what role(s) should
the government play in the provision
of infrastructure and so forth. All those
can be underpinned in a housing policy
and, therefore, these
two elements if properly
addressed are important
pillars that will truly push
this country forward.
Q:
NHC
was
established
by
the
Government
of
Tanzania to undertake
construction of houses
throughout the country.
You came to lead this
corporation in 2010. What are the
corporations performances so far
and what is its current development
strategy?
A: When I was first engaged with
the National Housing Corporation, I
spent the first two years reforming the
Corporation and after that we started
developing housing projects across the
country. We have managed to develop
an array of projects from Affordable to
High end projects across the country. It
is evident that NHC of today is quite
different from that of 1990s. Projects
like 711 and Morooco Square which
has over 500 housing units are big
projects in Tanzania and in East Africa.
Historically, what we have done much
in the past few years, and what we are
doing today are great achievements,

and I am proud of it. And we aim high.
Q: What are you doing on the
financing side to promote access
to housing for more Tanzanians?
To what extent are the financial
institutions operating in Tanzania
lending to individuals wishing to buy

houses?
A: What we have done as NHC is
to engage the financial institutions,
something which, I am proud to say, no
other developer - public or private - has
done the way we have done. We signed
a Memorandum of Understanding
(MoU) with 19 financial institutions
and one insurance firm thereby entering
into a formal agreement that they will
lend to would-be buyers. We believe
that in the long run once they have
given loans to say 100 clients, then
they will as well turn to other people
who are not part of corporation. Thats
a good thing about it.
Moreover, we have been trying to
work very closely with banks to make
them understand and appreciate the

challenges in the real estate business,
educating them on what is going on in
the housing industry and also spending
time on special programmes educating
prospective house buyers on how banks
operate and how banks can help them.
In fact, we have gone further by
giving them guarantees required by
bankers so that our clients can access
loans from those financial institutions.
All this has been by way of making sure
that we promote prospective customers
access to housing, especially on the
financing side. That way, financial
institutions are able, willing and
ready to lend to individualswe are
on the right track. We will continue
engaging financial institutions because
its our duty to make sure that we are
able, willing and ready to address their
concerns at all times.
Q: We have seen NHC spending
billions in construction investments,
especially for the middle and upperclass people. But then, why invest
in real estate in Tanzania and why
NHC in particular? What about
constructing low-cost housing for the
low-class people?
A: In the first instance, it is not true
that NHC is targeting only middle and
upper class Tanzanians. The corporation
routinely targets all classes: low, middle
and upper classes. The only reason why
people think we are targeting middle
and upper class citizens is because we
do not widely advertise our affordable
housing opportunities which target
the low income earners. We call it
affordable housing to describe units
targeting the low income groups.
In reality, though, every category
of the National Housing Corporation
houses is affordable to many people
compared to housing by private
investors NHC houses are still much
more affordable. The issue here is
simple. This is in the sense that we
build many houses for the low income
groups, and also many houses for the
middle and upper classes. We spend
time and effort in studying the market
for the simple reason that middle and
upper class people have more options
and we need to attract them.
Also in terms of our balance sheet,
and in terms of our business risk, we are
more exposed to the middle and highend houses business. This is where
there is more balance sheet liability;
there is more weight of our financial
balance sheet as compared to the low
income housing group. Therefore, we
must make sure that we advertise and
market our houses in such a way that
we don't incur losses. Remember we

sell a house to an upper class client at
TZS 500 million and sell an affordable
house to a low income customer for
TZS 35 million. The value of a house
the corporation is selling to a high
class client is equivalent to almost 20
affordable houses. Now where do I
stand to lose more?
Q: What is the Corporation's
future outlook?
A: The Corporations future is great.
I am always walking chest high and
if someone asked me I would proudly
say I worked for the National Housing
in Tanzania, NOT for Kenyas national
housing. I am looking forward to
the day when the National Housing
Corporation in Tanzania would become
the number-one flag bearer in the East
Q: Is there any specific project for

which you were urgently looking for
investors?
A: We have a number of investors
but we still need credible, creditable
ones including those who would
like to develop Satellite Cities; those
who would want to develop specific
projects. It can all be done, as we are
very straightforward.
NHC is basically a commercial entity
owned by the government. Investors in
real estate should know that they are
dealing with people who are running the
business on behalf of the government;
people who understand the business.
that NHC faces, and what should be
done to leap forward?
A: There are many challenges, but I
Africas real estate.

It is like when you see a Toyota
or Land Rover car make, you are
virtually seeing Japan or the UK.
I would like to create an organization
whereby when someone hears or reads
of National Housing Corporation,
he should be thinking of Tanzania
straightaway.
That is why I say the NHCs future
is great because we have a capital base
of nearly TZS 4 trillion to-date, and is
projected to rise to TZS 7 trillion by
2025. It is great because we have the
requisite political support. It is great
because we have good products needed
by the people. It is great because the
population is growing very fast, and
therefore, there is a veritable increase
of the middle class. It is great because
we are seeing growth in Tanzanias
gross domestic product (GDP) -- and
the number of opportunities which arise
with that, including increased demand
for our houses.
think we are well set to tackle them. But

rather than talk of challenges, I would
categorically state that challenges are
not going to stop us from achieving
what we are determined to achieve.
Q: Any other pertinent comments
or advices to Tanzanians, the
government, investors and other
institutions?
A: I think my general advice to the
wananchi, government and private
investors is that they should all look at
the National Housing Corporation in
particular, and the real estate/housing
in general with a positive eye.
For one thing, the housing sector
is the safest sector to lend to. It is
the safest sector to investment in
including individual investors, and is
in all probabilities, the safest sector for
business activities. For the government,
real estate/housing is the best sector of
the economy if it is fully and diligently
tapped.
75
Former First Vice President and Premier of the United Republic of Tanzania, Cleopa David Msuya, who is also Board Chairman of
TBL, in an interview with JBT Magazine in Dar es Salaam
TBL Group records

positive growth
The lower production volumes in Wines and Spirits were a result
of increased competition in the spirituous liquours market, where its
major competitor undercut the pricing of TDL (Tanzania Distilleries
Ltd) products significantly compared to last year, the Chairman
said, adding that the Groups overall volumes growth was six (6)
per cent which compares favourably with production in the rest of
Africa (5%) and Latin America, also five (5) per cent.
76
ERIC TOROKA
HE Tanzania Breweries Limited

Group of Companies (TBL
Group) continued with its
proud record of positive growth in
earnings and dividends, as well as its
positive contribution to the economy
of Tanzania. All this is a direct result
of the unwavering commitment,
dedication and hard work by the
Groups Management and Staff as a
whole.
Speaking in an exclusive interview
with JBT Magazine in Dar es Salaam
recently, on its overall performance
during the financial year which ended
31 March 2016, the TBL Group
Chairman, Cleopa David Msuya,
stated that the countrys premier
brewer and distiller is a much stronger
establishment today than it has ever
been.
All its human and material
resources are being harnessed each
day to meet the business and other
challenges that might confront the
company as we strive to achieve
our strategic objectives and become
responsible corporate citizens.
"I remain optimistic about what
the future holds, not only for the
TBL Group but also for the nations
economy," the former First Vice-
President and Premier of Tanzania

stated. The global economic volatility
notwithstanding, the Group has been
able to deliver strong performance in
terms of growth both in production
volumes and sales revenue.
However, while lager beer production
grew by 6 per cent in volume, and
traditional beer by 38 per cent though
on a small base, the production of wines
and spirits declined by 16 per cent per
cent during the year under review.
The lower production volumes
in wines and spirits were a result
of increased competition in the
spirituous liquor market, where its
major competitor undercut the pricing
of TDL (Tanzania Distilleries Ltd)
products significantly compared to last
year, the Chairman said, adding the
Groups overall volumes growth was 6
per cent, which compares favourably
with production in the rest of Africa (5
per cent) and Latin America also 5 per
cent.
Sales revenue registered a 4 per cent
growth which was lower than the 6
per cent growth in volumes. This was
largely due to a negative mix of wines
and spirits and a higher percentage of
affordable beer in the portfolio.
The Group Operating Profit growth
of 4 per cent, which amounted to TZS
330,070 million was satisfactory. This
is especially taking into account the
transactional currency impact, as well
as a negative mix and price.
"The results could have been much
better had we not suffered as a result of
continuing currency headwinds against
the (US) dollar as the (Tanzania)
shilling devalued by more than 24.9
per cent on annual moving average,"
Msuya said by way of an explanation.
Our partnership with

the Government has
significantly benefited all
shareholders and other
stakeholders in particular,
as well as consumers of
TBL products and our
skilled, truly committed
work force which
makes TBL a truly world
class company and
the national economy at
large,
According to the Group Chairman,

although the beer industry in Tanzania
has reversed the decline trend, it
nonetheless remains rather flat as
a result of growth in the affordable
segment.
Wines and spirits production
volumes, however, registered a
negative growth due to pricing,
diabolically compounded competition
from counterfeits.
But again, the introduction of
Chibuku Super, as well as the

extension of sales coverage areas to
other neighbouring regions, resulted
in a relatively good performance,
Msuya stated.
In spite of there being no
increase in excise duty rates during
the year, the chairman noted that
TBL nonetheless continued to
make a significant contribution to
Government revenues in the forms
of corporate, excise, value added tax
and other levies and dues during the
year, totalling TZS 474,777 million
in all.
Given the fact that the beer
industry remained flat during the
year, Msuya says, it was clear that
the Group of Companies had to
continue holding back on capital
expenditure relating to additional
capacity. A total of TZS 59,382
million was, therefore, invested
in fixed assets compared to TZS
84,931 million in the previous year.
From this sound financial
performance, it was possible for
the company to propose a dividend
payment of TZS 176,292 million
for the year, which works out to a
record TZS 600 per share, for all the
TBL Group shareholders.
"Our partnership with the
Government
has
significantly
benefited all shareholders and other
stakeholders in particular, as well as
consumers of TBL products and our
skilled, truly committed work force,
which makes TBL a truly worldclass company, and the national
economy at large," he states.
During the year under review, the
TBL Group re-enforced its highly
valued image as a responsible
Board Members of TBL Group.

77
corporate citizen. Our Bila Maji

Hakuna Uhai Initiative has so far
provided over one million people
all over Tanzania with safe, clean
drinking water.
"We are committed to making
a positive contribution to the
sustainable development of the
communities in which we operate.
Our efforts in the growing of malting
barley resulted in contracting over
23,380 acres of barley farmland,
and, for the first time ever, we were
able to buy over 14,680 tonnes of
barley, which was enough to run the
Moshi Malting for the year," Msuya
revealed.
He also noted that focus has been on
increasing yields in Kilimanjaro area,
and reducing barley off-take from this
region and increasing the acreage and
yield of irrigated farmland in South
Iringa, thus reinforcing the case for
a new malting investment, an issue
which is, at this point in time, being
discussed with the Government.
Looking ahead, Msuya says, TBL
is committed to focusing on the
following strategic objectives:
To continue to engage with

the Government to encourage the
adoption of a predictable policy with
regard to adjusting the annual excise
duty by the rate of inflation. Such a
system would stabilize prices for
consumers of the Groups products,
as well as for the industry in general.
It is a fact that, for the past ten years,
increases in excise duties have been
above the prevailing rate of inflation,
thus forcing TBL to pass on such
78
We are committed
to making a positive
contribution to the
sustainable development of
the communities in which we
operate. Our efforts in the
growing of malting barley
resulted in contracting
over 23,380 acres of barley
farmland and, for the first
time ever, we were able to
buy over 14,680 tonnes of
barley, which was enough to
run the Moshi Maltings for
the year,
increases to hapless consumers.
TBL will enhance its ability to

influence consumer and retailer buying
decisions by continually improving
customer service quality levels. It will
provide consumers with greater access
to its full brand portfolio, and provide
them with optimal value-for-money
products.
The Group will develop

affordable beer brands aimed
at recruiting consumers from
the informal alcohol segment.
Developing
and
expanding
traditional businesses like Darbrew
and Nzagamba is the right way to tap
this informal market.
We will continue efforts to

gain self-sufficiency through local
sourcing by guaranteeing markets
a fair price for their crops, and also
helping to improve quality and yields
through an integrated farming model
that will meet both its needs and
those of the smallholder model.
Increase TBL's focus on

giving its high performing staff
opportunities to work in some of our
key strategic areas so as to enable
them to achieve both professional
and personal goals.
Finally, the Group will

promote exports of a selection of
its brands to neighbouring countries
and other niche markets. We at TBL
remain committed to the growth and
development of our staff, continuing
as always to attract and retain the best
talents in the market.
The Group continues to upgrade
capability within the organization,
investing in talent development and
training. As it is, TBL continues
to build an engaging and high
organizational performance culture,
leading to capability-and-capacity
improvement and high employee
engagement scores, as observed in
our value surveys.
79
JBT YOUNG & AMBITIOUS
Jokate
to promote Tanzania
internationally
It is via the 'Kidoti' brand
ERIC TOROKA
VERY person has a dream of a

lifetime... But, whether or not
that dream can be fulfilled is an
entirely different kettle of fish all
together: something which depends to a
certain extent upon luck!
One such lucky person whose
dream has come true over the years
is Jokate Urban Mwegelo. Readers
may remember Jokate Mwegelo
as the lady who was the First
Runner-up in the 'Miss Tanzania'
contest in the year 2006.
Today, Jokate is a presenter
of a show programme on
Channel-O
Television
titled 'Top-10 Most' (Top
10 Most Viewed Music
Videos...).
As it happens, Jokate
is
multi-talented,
superbly performing as
singer, an actress, and
as an MC (Master of
Ceremony).
The lady was born in
80
Washington D.C, when her parents were

on tour of duty in the United States of
America. What with one thing leading to
another she graduated with a first degree in
Political Science at the University of Dar
es Salaam (UDSM).
In due course of time and events,
Jokate started her own firm called 'Kidoti
Company Limited,' which deals with
fashion and social events.
Her life's dream in that regard is to
become a success story along the lines of
the world-famous US model, Tyra Banks!
Her dream at a somewhat early age
seems to have finally come true on Friday,
December 19, 2014. That was when she
entered into a joint venture agreement
valued at Tsh 8.5 billion with Deng
Guoxun the Chief Executive Officer
of the Chinese firm 'Rainbow Shell Craft
Company Limited' to manufacture for
sale all over Africa various products
under the brand name 'Kidoti' including
sandals, braids and weaves!
"When you have a dream, and then
someone comes to you and appreciates
what you are doing someone who is a total
stranger to you, but trusts you straight away
and this person forthrightly agrees to

partner with you, they your dream of
a lifetime crystallizes before your very
eyes! In fact this is a big challenge for
youths when a total stranger agrees to
trust and partners you in such a huge
venture, then what can you do but
accept the challenges and go forward,
head held high, Jokate philosophizes!
As the Kidoti Ltd CEO now, Jokate,
who describes herself as 'an architect of
clothes', further explains; "When I was
thinking of establishing an emblem for
'Kidoti' in the fashion sector, I never
imagined that I would one day enter
into a contract with one of the largest
firms in the hair production business
in China. My vision at the time was to
merely do business only in my country,
Tanzania."
As a young girl, Jokate says Kidoti's
new Chinese partners were impressed
to see first hand how they were utilizing
so well the business opportunities
which were available.
"Our objective is to make
Kidoti a well-known brand
within and outside Tanzania.
As a business firm, we want
to do many things; we are not only
looking to trade, but also to help the
community, especially in the Education
sector. We believe that students are the
main users of our products," she says.
Early this year, Kidoti Company
introduced a new version of sandals
which are are made in a more modern
style. These sandals are made in highly
exotic fashion which makes it easy for
people to notice them and buy them,
as they are most reasonably priced,"
she states.
nonetheless stated that the company

already has several sales agents upcountry many of whom are College
students who see the opportunities in
that, and exploit them to earn extra
income.
"The students are in Mwanza,
Mbeya, Dodoma, Morogoro, and
Mtwara Regions, going about the
business with the slogan 'First with
Kidoti!'
We do have agents operating
through
social
networks,
especially
the
Instagram,
where our page has over
20,000 followers who help
in one way or another to
promote our
brand
Plans
Kidoti is developing plans to
manufacture cosmetics, bags and
clothing, products which will by
design target youths who like to 'appear
modern!'
"We have major plans to promote
our products; we have lofty goals. But
everything has to go in stages. There
is an expression that says 'Think Big,
Start Small!' We started with weaving,
wigs... And, now, sandals! But,
you cannot really predict what will
happen next in that range; we look to
overwhelm the community.
Market
The firm has already opened a new
shop in the bustling Kariakoo area
of Dar es Salaam, and Jokate says
that there are other plans to reach its
customers further afield not only in
Tanzania, but also inother countries
abroad.
Although she spared the
details on those plans, she
81
products," Jokate says with

considerable relish.
Other plans are under way
to take the business soonest
to the neighbouring countries
of Kenya, Uganda, Rwanda
and Burundi.
Challenges
Jokate explains that her
decision
against
taking
a bank loan was wellconsidered under most
challenging circumstances.
So, they concentrated instead
on developing ideas which
would help in manufacturing
best quality products of
international standards.
Countries
like
Kenya,
Uganda, Rwanda, Burundi,
South Africa and many other
on the African Continent will be
able to use Kidoti brands which are
manufactured in Tanzania.
How they began
"We started to make
savings for our goals
although, to start with,
we had no concrete
ideas that we
would
go
into serious
82
manufacturing, as it is so costly, she

recalls.
"We thank God that we now have
partners who understand and see the
huge potential before us!"
Furthermore, establishment of the
joint venture, she adds, will
also
benefit Tanzanians through the creation
of new jobs at the domestic level.
Historical background
The idea of establishing the Kidoti
firm was conceived by Jokate while she
was still at UDSM when she discussed
with her friends what they would
do after completing their university
studies.
"We made the commitment to set
up a firm to make our own products
and, in due course, become famous like
Bakhresa, Mo Dewji and Gucci.
At first, we thought of establishing a
sanitary products firm but as providence
would have it, we instead went into
manufacturing 'hair products' and
services: wigs, Rastafarian styles,
weaving, " she says.
Jokate, with her new-found partnerin-business who did not like to disclose
their name decided to register their firm
'Kidoti' (a name that was inspired by a
birthmark on her face like a spot.).
"We chose this name because it is
easy to pronounce and it also sounds
exotic," she says.
The firm was formally launched
10.10.2012 and started business
manufacturing synthetic hairdos for the
mass market. The product was received
well despite several challenges, which
are common to new businesses.
Jokate says that, after entering
an exhibition covering the 'Red
Ribbon,' she began to get ideas
which finally enabled the Kidoti
brand to spread across the country.
"First, as a young girl, I set my
sights upon making progress without
depending on others for anything!
After a year, we established
Kidoti Club, so as to highlight
the beauty of taking good care of
hair, wearing clothes inscribed
with words of encouragement on
everyday life, "she says somewhat
philosophically.
She also took the opportunity
to thank the Government of
Tanzania for creating a supportive
business environment, and readily
cooperating
with investors, both local and
foreign. In addition, she also
thanked the community at large
for supporting their business and
products in one way or another.
83
Dr. Phillip Mpango, Minister for Finance & Planning
Many banks raised

their charges and
fees effective July 1
to reflect the newly
imposed VAT. Had
the imposition of
VAT taken effect
on January 1, 2016,
the government
would have collected
TSH42.39 billion in
revenue. This amount
is enough to fund
the construction of a
40-kilometre tarmac
road.
84
Why banking
charges were
targeted for
value added
tax (VAT) in
ALAWI MASARE
HE government found the

hundreds of billions of shillings
earned by banks annually in
charges and fees too good to resist,
prompting it to impose 18 per cent
value added tax (VAT) on the levies, it
has been learnt.
An analysis conducted by one of
the daily English paper recently in
Tanzania, established that the ten
largest corporate and commercial
banks raked in a cool TSH 235.5 billion
in fees and commissions from January
1 to June 30, this year. This is a 16 per
cent increase on the sum recorded in
the same period last year.
The Minister for Finance and
Planning, Dr. Philip Mpango, proposed
the imposition of 18 per cent VAT
on banking fees and charges when
he tabled the 2016/17 Budget in
Parliament in June. The tax came into
effect on July 1 following the passing
of the Budget and Finance Bill, 2016.

Many banks raised their charges and
fees effective July 1 to reflect the newly
imposed VAT. Had the imposition of
VAT taken effect on January 1, 2016, the
government would have collected TSH
42.39 billion in revenue. This amount
is enough to fund the construction of a
40-kilometre tarmac road.
Tanzania has 41 commercial
banks, three financial institutions, 12
community banks, four deposit-taking
micro-finance banks and three financial
leasing companies, but 70 per cent of
the market is dominated by only ten
banks in terms of assets, deposits and
gross loans.
These are CRDB Bank plc, National
Microfinance Bank plc (NMB),
National Bank of Commerce (NBC),
Barclays Bank, Exim Bank, Standard
Chartered Bank, Stanbic Bank, DTB,
TIB Development Bank and Bank M.
Banking services which customers
pay for include cash withdrawals;
account maintenance; mobile banking;
internet banking; statement requests;
funds transfers and balance enquiries.
However, services and rates differ
from one lender to the other. For
example, while Standard Chartered
and NBC offer new ATM cards free
of charge, NMB charges Sh10,000 for
current accounts.
For processing personal loans,
Standard Chartered charges three per
cent of the total loan sum, Barclays
charges 2.5 per cent and NBC charges
between 1.5 and 2.5 per cent.
Standard Chartered charges TSH750
for every ATM transaction. Barclays,
NBC and NMB, on the other hand,
charge TSH2,300, Sh100 and Sh800,
respectively.
Banks also charge commissions upon
issuance of import and export letters of
credit and guarantees.
"Fees and commissions are part of
banks' revenue, but about 70 per cent of
income is generated through interest,"
says Prof Mohamed Warsame, CEO
of Dhow Financial, who is also an
independent financial analyst.
An analysis of various banks'
quarterly
financial
statements
conducted by The Citizen showed that
CRDB Bank earned the largest sum in
fees and commissions in the first half of
2016 at TSH 78.4 billion, followed by
NMB at TSH 70.3 billion.
The two banks, which are listed on
the Dar es Salaam Stock Exchange, are
the largest in the country, accounting for
over 35 per cent of industry assets. They
also have the largest branch networks in
the country. NBC registered TSH17.2
"Fees and commissions

are part of banks'
revenue, but about
70 per cent of income
is generated through
interest," says Prof
Mohamed Warsame,
CEO of Dhow
Financial, who is
also an independent
financial analyst.
billion, while Exim raked in TSH16.7

billion during the period under review.
Other indicators
The bulk of banking income comes
from interest. The other revenue
platforms include foreign currency
dealings and dividend income.
The ten top banks recorded
TSH248.6 billion in net profit in the
first half of 2016. However, the level of
profitability is not directly linked with
amounts banks collected through fees
and commissions.
NMB had the largest profit at
TSH84.3 billion, while CRDB
registered TSH65.9 billion. In third
and fourth places are Exim Bank and
Standard Chartered on TSH59.3 billion
and TSH12.4 billion, respectively. The
operating income for the ten banks was
TSH1.3 trillion in the six months.
Fees and charges comprised 18 per
cent of the operating income of the ten
banks. It was also the largest earning in
the category of non-interest income as
foreign exchange dealings earned the
ten banks TSH69 billion.
85
86
87
Clouds Fiesta Music Bash

2016 Underway
CLOUDS Media Group Ltd., has officially inaugurated Fiesta 2016
music bash under the new sponsor tiGo. This years Fiesta music
bash is under the new slogan IMOOOO, which literally is a Swahili
word meaning IN IT. Other sponsors are Prime Promotions Limited,
a sister company of Clouds Media Group.
The festival, which is taking place nearly the entire country from
August this year, was under the sponsorship of Serengeti Breweries
Limited (SBL) for some years
CEO for Prime Time Promotions, Joseph Kusaga, who are the organisers of the Fiesta Music Bash 2016 speaks during the press
conference held recently in Dar es Salaam. Looking on from right is the Excutive Secretary of National Arts Council, Godfrey
Mungereza, Chief Commercial Officer of TiGo, Shavkat Berdiev, and the Chairman for Fiesta Music Festival Committee, Sebastian
Maganga.
88
Chief Commercial Officer of

TiGo, Shavkat Berdiev, speaks
during the press conference held
recently in Dar es Salaam on the
sponsorship.
The Chairman for

Fiesta Music Bash 2016
Committee, Sebastian
Maganga, (Left)
speaks during the press
conference held recently
in Dar es Salaam.
89
ADDIS ABABA, ETHIOPIA
Embassy of the United Republic

of Tanzania
P.O. Box 1077
Addis Ababa
Tel. (251-1) 518155, Direct Line:
(251-1) 511063 Fax: (251-1)
517358,
E-mail: tz@telecom.net.et
Accreditation to: Ethiopia,
Organisation of African Unity
(OAU),
United Nations Economic
Commission for Africa (ECA),
Eritrea, Djibouti
and Yemen
BEIJING, CHINA
Embassy of the United Republic

of Tanzania
No.53 Dong Liu
San Li Tun
Beijing China
Tel.:
(86-10) 65322344,
(86-10) 65321719, (8610)65325572, Fax (86-10)
5321695, (86-10) 65322394
E-mail: tzbeijing@iuol.cn.net or
tzbeijing@info.ioul.cn.net
Accreditation to : Peoples
Republic of China, Thailand,
Democratic Peoples Republic
of Korea, Cambodia,Vietnam,
Laos and Mongolia
BONN, GERMANY
Theaterplatz 26, 5300 Bonn 2,

GERMANY
Tel: (49-228) 358514 (49-228)
353219 Fax: (49-228) 358226
E-mail: tzbonn.habari@t-online.
de
Accreditation to : Germany,
Switzerland, Czech Republic,
Slovakia, Hungary, Bulgaria,
Romania, Austria and Vatican
BRUSSELS, BERGIUM
363 Avenue Louise, 11050

Brussels
Belgium
Tel: (32-2) 6406500-27, (32-2)
64764749,
Fax : (32-2) 6468026
E-mail : tanzania@skynet.be
Accreditation to: Belgium,
Luxemborg, The Netherlands,
European Union
and ACP/EU
CAIRO, EGYPT
11 Abou Karamat
Cairo
EGYPT
DR. AUGUSTINE MAHIGA

Minister of Foreign Affairs, East Africa, Regional
and Internationel Cooperation and
Tel (20-2)
3374155/337486/3457559
Fax (20-2) 3457559
E-mail; tanrepcairo@innity.
com.eg
Accreditation to: Egypt, Israel,
Lebanon, Palestina, Libya, Iraq
and Syria
GENEVA SWITZERLAND
47 Avenue Blanc, CH 1201

Geneva,
Switzerland
Tel: (41-22) 7318920/7323752/
7319461/ 7328255 Fax: (41-22)
7328255
E-mail: mission.tanzania@itu.
ch
Accreditation to: UN Ofces in
Geneva and Vienna
HARARE, ZIMBABWE
High Commission for the United

Republic of Tanzania
Ujamaa House, 23 Baines
Avenue
Harare, P.O.Box 4841
Zimbabwe
Tel: (263-4) 721870/722627
Fax: (263)724172
Email. tanrep@icon.co.zw
Accreditation to: Zimbabwe and
Mauritius
KAMPALA, UGANDA
6 Kagera Road
P.O.Box 5750
100 JAMBO
90 JAMBO
Brand
Tanzania
2010
Brand
TanzaniaNovember
August 2016
Kampala
Uganda
Tel: (006-41)
256272/257357/342306
Fax (006-41) 343973/075787838
E-mail : tzrepkla@imul.com
Accreditation to: Uganda and
Burundi
P.O. Box 6417

Lagos
Nigeria
Tel: (00234-1) 613604
Fax : (00234-1) 610016/618908
Accreditation to Nigeria, Benin,
Togo, Cote d`Ivoire, Ghana,
Guinea, Senegal, and ADB
KIGALI, RWANDA
43 Heartford Street,London
W1Y 8DB
Tel: (44-207) 4998951/ 4993627
Fax: (44-207) 4993627
E-mail ; tanzarep@tanzarep.
demon.co.uk
Balozi : balozi@tanzarep.
demon.co.uk
Trade Centre UK:
Trade+Tourism@tanzaniaonline.gov.uk
Accreditation to:United
Kingdom, Ireland and
Commonwealth
Boulevard de L`
uganda
Telecom House
Block C 2nd Floor
Cacyiru B.P. 3973
Kigali
RWANDA
E-mail ; tanzarep@rwandatel1.
rwanda1
Accreditation to Rwanda only
KINSHASA, DRC
142 Boulevard 30 Jin B.P.1612

Kinshasa
DRC
Tel 34364
Accreditation to: Democratic
Republic of Congo, Gabon,
Central African Republic,
Cameroon, and CongoBrazaville
LAGOS, NIGERIA
8 Agoro Odiyan Street, Victoria

Island
LONDON, ENGLAND
LUSAKA, ZAMBIA
Ujamaa House, No. 4200,

United Nations Avenue,
P.O. Box 31219, 10101 Lusaka,
ZAMBIA
Tel.(260-1) 243222-4, 250826
Fax ( 260-01) 254861
E-mail- tzreplsk@zamnet.zm
Accreditation to: Zambia,
Angola, Malawi, Sao Tome and
Principe
Fax: (966-1) 4565361

E-mail: tzriyad@deltasa.com or
Nhende@deltasa.com
Accreditation to: Saudi Arabia,
Oman, U.A.E, Pakistan, Iran,
Qatar, Bahrain and Kuwait
ROME, ITALY
Embassy of the Unite Republic

of Tanzania
Via Cesare, Beccaria 88
00196 Rome,
Italy
Tel: (39-6) 36005234,
32651471,
Fax (39-6) 3216611
E-mail : tanzarep@pcg.it
Accreditation to: Italy, Greece,
Albania, Yugoslavia, Croatia,
Slovenia, BosniaHerzegovena, Serbia, Turkey,
FAO, IFAD and WFP.
STOCKHOLM, SWEDEN
MAPUTO, MOZAMBIQUE
Ujamaa House,
P.O. Box 4515
Maputo
MOZAMBIQUE
Tel: (258-1) 490110-3, 491165
Fax: (258-1) 494782
E-mail : ujamaa@zebra.eum.
mz
Accreditation to:Mozambique,
Swaziland, Comoros and
Madagascar
MOSCOW, RUSSIA
Pyatniskaya, Ulitsa 33
Moscow,
Russia
Tel(7-095) 9538221, 9530940,
9566130, 9534975, 2349045
Fax : (7-095) 9566130
E-mail; tzmos@wm.west.
call.com,
Accreditation to:
Russia, Belarus, Georgia and
Ukraine
NAIROBI, KENYA
Taifa Road
Re-insurance Plaza, 9th Floor
P.O. Box 47790
Nairobi
KENYA
Tel: (005-2) 331056-7, 331104
, 218269
Fax (005-2) 218269
E-mail: tanzania@user.
africaonline.co.ke
Accreditation to:Kenya, Sudan,
Seychelles, Somalia,
UNEP and HABITAT
Tel: (1-613) 2321509, 7331349

Fax: (1-613) 2325184
E-mail;Tzottawa@synapse.net
Accreditation to: Canada and
Cuba
NEW DELHI, INDIA
PARIS, FRANCE
10/1 Sav Priya Vihar

New Delhi 110016
INDIA
Tel: (91-11) 6853046-7,
6968409, 6968406-7
Fax: (91-11) 6968410
(Accreditation to: India, Sri
Lanka, Nepal, Bangladesh and
Myanmar
NEW YORK, U.S.A
13 Av. Raymond, Poinacare

75116 Paris,
France
Tel: (33-1)53706368,
53706369,53706370
Fax (33-1) 47550546.
E-mail: tanzanie@infonie.fr
Accreditation to: France, Spain,
Portugal, Algeria, Morocco,
Tunisia, and UNESCO
205 East 42nd St.

NY 10017,
New York,
U.S.A
Tel. (1-212) 9729160,9729123
Fax: (1-212) 6825232
E-mail- TZREPNY@AOL.COM
Accreditation to: UN and its
specialized agencies UNDP,
NICEF, UNFPA, Jamaica,
Trinida and Tobago, Barbados
and Guyana
PRETORIA, SOUTH AFRICA
OTTAWA, CANADA
RIYADH, SAUDI ARABIA
50 Range Road Ottawa

Ontario K1N 8J4
CANADA
845 Goont Avenue

P.O. Box 56572, Arcadia
Pretoria 0007
South Africa
Tel: (012) 3424371-93,
3426378-9, 3424562
Fax: (012) 4304383
E-mail; tanzania@cis.co.za
Accreditation to: South Africa,
Namibia, Lesotho, Botswana
and SADC
P.O. Box 94320, Riyadh 11693
Saudi Arabia
Tel. (966-1) 4542833, 4549660
Oxtorgsgatan 2-4,Box
7255,103-89
Stockholm
Sweden
Fax (46-8) 109815, 203526
E-Mail: mailbox@tanemb.se
Accreditation to: Sweden,
Denmark, Finland, Norway,
Iceland,
Estonia, Latvia and Lithuania
TOKYO, JAPAN
21-9, Kamiyoga 4,Chome

Setagaua-Ku
Tokyo 158
Japan
Tel.(81-3) 34254531-3,
34284227
Fax: (81-3) 34257844,
E-mail; Tancon@user.
africaoline.co.ke
Accreditation to Japan, South
Korea, Philippines, Australia
WASHINGTON, U.S.A
2139 R, Str, NW.

Washington D.C.
200008 U.S.A
Tel: (1-202) 8841080, 8841082
Fax: (1-202) 7977408
E-mail: Balozi@
tanzaniaembassy-us.org
Accreditation to: USA, World
Bank, International Monetary
Fund (IMF), Argentina, Brazil,
Mexico and Venezuela.
DUBAI
Tel: (971-4) 2957770, 2957600

Fax: (971-4) 2957266
JAMBO
BrandTanzania
Tanzania
November
JAMBO Brand
August
2016 r 201091
101
JAMBO GUIDE
Important Information
EMBASSIES & HIGH COMMISSIONS

Algeria
Angola
Austria
Brazil
Banglabesh
Belgium
Burundi
Canada
China
Cuba
Cyprus
Denmark
Djibouti
D.R. Congo
Egypt
Eritrea
Finland
France
Germany
Great Britain
Greece
Hungary
India
Indonesia
Iran
Ireland
Italy
Japan
Kenya
Libya
Malawi
Mozambique
The Netherlands
Nigeria
Norway
Palestina
Poland
Russia
Rwanda
Saudi Arabia
Seychelles
South Africa
South Korea
Spain
Sudan
Sweden
Switzerland
Syria
Turkey
Uganda
UAE
USA
Yemen
Yugoslavia
Zambia
Zimbabwe
GOVERNMENT MINISTRIES & OFFICES
+ 255 22 2117619
+ 255 22 2602685
+ 255 22 2601492
+ 255 22 2126918/ 20
+ 255 22 2126027
+ 255 22 2112503
+ 255 22 2127008/ 9
+ 255 22 2163300
+ 255 22 2667586
+ 255 22 2115928
+ 255 22 2113119
+ 255 22 2113887/ 92
+ 255 22 2628180
+ 255 22 2152388
+ 255 22 2113591
+ 255 22 2115540/ 2
+ 255 22 2196565
+ 255 22 2198800
+ 255 22 2117409/ 15
+ 255 22 2110101
+ 255 22 2115895
+ 255 22 2668573
+ 255 22 2669040/ 4
+ 255 22 2119119
+ 255 22 2666843/2666866
+ 255 22 2602355
+ 255 22 2115935/ 6
+ 255 22 2115827/ 9
+ 255 22 2668285/ 6
+ 255 22 2150166/ 88
+ 255 22 2113240
+ 255 22 2116505
+ 255 22 2110000
+ 255 22 2667620
+ 255 22 2113366
+ 255 22 2150636
+ 255 22 2115271/2136103
+ 255 22 2666005/6
+ 255 22 2120703
+ 255 22 2120703
+ 255 22 2774527
+ 255 22 2601800
+ 255 22 2668788/2667533
+ 255 22 2666936
+ 255 22 2117641
+ 255 22 2111235
+ 255 22 2666008/ 9
+ 255 22 2118782/2117656
+ 255 22 2134332
+ 255 22 2667391
+ 255 22 2669999-8
+ 255 22 2668001
+ 255 22 2117650
+ 255 22 2115891/ 2
+ 255 22 2118481/ 2
+ 255 22 2116789
Communication and Trasport

+ 255 22 2111951
Defence and National Service
+ 255 22 2150556/9
Energy and Minerals
+ 255 22 2117153
Finance
+ 255 22 2111174
Foreign Affairs and international
co-operation
+ 255 22 2211906/912
Home Affairs
+ 255 22 2112035/40
Industry and Trade
+ 255 22 2180049
Lands, Housing and Human Settlements
+ 255 22 2113164
Tourism and Investment Promotion
+ 255 22 2121342/9
Science,Technology & Higher Education + 255 22 2666376
Natural Resources and Tourism
+ 255 22 222111061
Prime Ministers Office: Planning
Commission & Investment Promotion
+255 22 2112651
Presidents Office

+ 255 22 2117249
Prevention of Combating of Corruption Bureau
+ 255 22
2150043
Tanzania Information Services
+ 255 22 2122771
Tanzania Investment Centre
+ 255 22 2116328
Export Processing Zones Authority (EPZA) + 255 22 2451827-9
Tanzania Revenue Authority
+ 255 22 2119591
Vice Presidents Office
+255 222116914
92
INTERNATIONAL ORGANISATIONS
European Union
UNICEF
International Labour Organisation ( ILO )
World Bank
World Food Programme
World Health Organisation ( WHO )
Food And Agriculture
Organisation ( FAO )
UNHCR
UNDP
WWF Plot No.350,
Elizabeth Glaser Pediatric
AIDS Foundation

HOSPITALS
Aga Khan Hospital

CCBRT Disability Hospital
Muhimbili Orthopaedic Institute
Shree Hindu Mandal Hospital
TMJ Hospital
Trauma Center
KCMC
Bugando Hospital
Mbeya Hospital
Ibrahim Charitable Health Center
Mission Mikocheni Hospital
Regency Medical Centre
AAR
MHS Masana
Med X
DOCTORS
Dr.& Dr. (Mrs) Badvey

Dr.K.K. Khan ( Clinic)
IST Medical Scheme
Dr. Ratansi/Aga Khan Hospital
Dr.V.S. Somgal
Dr. Latha Sujit ( Orthodontist
OPTICIANS
Eye Line Optometrists

Vision Plus

PEDIATRICIAN
Dr.Firoz Shivji
Dr. Hasannali - TMJ Hospital
Dr. L.T Khan
Dr. Lakhani
Dr. Mpangala
Dr.Yohani
DENTISTS
+255 22 2150741/5
+255 22 2666024/7
+255 22 2114575/7
+255 22 2666700
+255 22 2113005
+255 22 2113005
+255 22 2113070/4
+255 22 2150075
+255 22 2118081/8
+255 22 2700077
+255 22 2772455
+255 22 2601692/4
+255 22 211511/3
+255 22 2602346
+255 22 2151298
+255 22 2114991/94
+255 22 2775517
+255 272754377
+255 282540610/12/13
+255 2525034570
+ 255 22 2114995/6
+255 22 2700021-4
+255 22 2132785
+255 22 2701121
+255 22 2627177
+255 22 12139970
+ 255
+ 255
+ 255
+ 255
+ 255
+ 255
22 2124394
22 2115759
22 2668258
22 2115151/3
22 754 294992
22 784 2228089
+255 22 2121869
+255 22 2700841
+255 22 2112998
+255 22 748 784652
+255 22 2119081
+255 22 2115151/3
+255 22 2115151/3
Dr.Sameer Mbonde/ Aga Khan hospital

Dr.K.S. Gupta / Indira Gandhi Street
Dr.Lath Sujit (Orthodontist)
Dr. Shabbir Mohmedali
Dr.R. Zaro /Zamu Detal Clinic
Dr.Vinayak/Aga Khan Hospital
Dr. Bo Werner
Muhimbili Dental Unit Upanga

+255 22 2115151
+255 22 2118838
+255 784 228089
+255 22 2116630
+255 22 2775958
+255 22 2115151/3
+255 22 2136801
+255 22 2121580
+255 22 2115151/3
Airport Police Station

Anti-Corruption
Central Police Station
Oysterbay Police Station
Port Police Station
Selander Bridge Police Station
+255
113
+255
+255
+255
+255
POLICE
AMBULANCE SERVICES
Security Group
Ultimate Security

AIR CHARTERS
Coastal
Flightlink
Tanzania Government Flight
Zan Air
AIRLINES
Air Express
Air Exces
Air India
Air Masiwa
22 2844010
22 2117362
22 2667322
22 2667322
22 2116287
+ 255 748 700299

+ 255 713 123911
+ 255 22 2843293
+ 255 22 2843073
+ 255 22 2138638
+ 255 22 2843297
+ 255 22 2135672/3/4
+ 255 22 22501597
+ 255 22 2152642/4
+ 255 22 2135672/3/4
Important Information
Air Malawi
Air Tanzania
Air Zimbabwe
Air Mauritius
British Airways
DJB Airlines
Egypt Air
Emirates
Ethiopian Airlines
Flight Link
Kenya Airways
KLM
Oman Air
Precision Air
Sky Aviation
Saudi Arabian Airlines
South African Airways
Swiss International Airlines
Tanzania Government Flight
Tropical Air ( Z ) Ltd
Iiyas Aviation
Yemenia
Qatar Air Airways
AIRPORT HANDLING
Swissport Tanzania ltd

Kilimanjaro

BANKS
Akiba Commercial Bank

Azania Bank Ltd
African Banking Corporation
Bank M (T) Ltd
Bank of Africa ( BOA)
Bank of Baroda
Barclays Bank ( Tz )Ltd
I&M Bank Ltd
Citibank
CRDB Bank Ltd
Dar es Salaam Commercial Bank
Diamond Trust Bank
Eurafrican Bank
Exim Bank
Federal Bank of Middle East
Habib African Bank

Kenya Commercial Bank
NBC
NMB
Saving And Finance
Stanbic Bank
Standard Chartered
Tanzania Development Bank
Tanzania Postal Bank (T) Ltd

BEACH RESORTS
Bagamoyo Beach Resort

Blue Bay Beach Resort
Kunduchi Beach & Hotel Resort
Kararuu Hotel BeachResort
Protea Hotel Amani Beach
Ras Kutani

+ 255 22 2127746
+ 255 22 2197200
+ 255 22 2123526
+ 255 22 2121747
+ 255 22 2113820/2
+ 255 22 2134600
+ 255 22 2113333
+ 255 22 2116100/3
+ 255 22 2117063/5
+ 255 22 2843710
+ 255 22 2136826
+ 255 22 21639/14/15/16
+ 255 22 2138903/4
+ 255 22 2168000
+ 255 22 2844410
+ 255 22 2122013
+ 255 22 2117044-7
+ 255 22 2118870-3
+ 255 22 218638
+ 255 24 2232511
+ 255 22 28420333
+ 255 22 2126036/3
+ 255 22 2198300/5
+ 255 22 2844610
+ 255 27 25055494/1
+ 255
+ 255
+ 255
+ 255
+ 255
+ 255
+ 255
+ 255
+ 255
+ 255
+ 255
+ 255
+ 255
+ 255
+ 255
+ 255
+ 255
+ 255
+ 255
+ 255
+ 255
+ 255
+ 255
+ 255
+ 255
22 2118340-3
22 2118026-7
22 2119303
22 2127824
22 2110104
22 2124472
22 2129981
22 2117880
22 2117601-8
22 2117441-7
22 2180253
22 2114888-92
22 2111229
22 212119/2119738
22 26000/8000
22 2111014/15
22 2110518-20
22 2115386
22 2111970
22 2161000
22 2118625/8
22 2666430
22 2122160
22 2115906
22 2115258-9
+ 255 23 2440341
+ 255 24 2240241/2/3
+ 255 22 2650050
CAR RENTALS
HOTEL
Amani Beach Hotel

Bahari Beach
Beach Comber
Coral Beach Club
Econo lodge
Giraffe Ocean View Hotel
Golden Tulip Hotel
Harbour View Suites
Holiday Inn
Hotel White Sands & Resort
Jangwani sea Breeze
Kuduchuchi Hotel & Beach Resort
Lawns Hotel Mountain Resort
Movenpick Royal Palm
Mullers Mountain Resort
New African Hotel
Peacock Hotel
Peninsula Hotel & Restaurant
Protea Hotel Aishi Kilimanjaro
Protea Hotel Courtyard
Protea Hotel Oysterbay
Ras Kutani
Hotel Sea Cliff
Safari Lounger, Pangani
Silver Sands
Starlight Hotel
Utengule
MOBILE SERVICE PROVIDERS
Tigo
Vodacom
Airtel
TTCL
Sasatel
Zantel

REAL ESTATE
Trust Selling & Letting Ltd

Abla Estate Developers Ltd
Estia Real Estate
KnightFrank
Queens Park Ltd
SUPERMARKETS
BOOKSHOPS
+255 71678623
+255 787 588 588
+255 22 2122852
+255 22 2860300/301
+255 22 2115381
+255 784 437283
+255 22 2772535
+255 22 2771409
+255 715 246362
CULTURAL CENTRES & LIBRARIES
Alliance Francaise
British Council
Geother-Institut
Iranian Culture Centre
National Museum
Nyerere Culture centre
Nyumbani Culture centre
Russian Tanzania culture centre
Tanganyika Library
Village museum

City Supermarket Horbour

Shoppers Supermarket
Shoprite
Shrijee Supermarket Haile Selase
Village Supermarket
Shopper Stop

KallKwik Bookshop and Stationers ltd

Scholastic Mlimani City
Budget car Rental
Wonderful Tanzania
Business Rent -A -Car
Leisure Tours
Skylink Rent Rentals
Sams Car Rentals
Unique car Rental ltd

CINEMAS
New World cinemas

Century Cinemax Cinema

ZANZABAR FERRIES
Azam Marine
Flying Horse
Mega Speed
Sea Express
Sea Star
+255 22 2111331
+255 22 2116574/7
+255 22 2134800
+255 22 2115932
+255 22 2122030
+255 75 4264461
+255 22 213727
+255 22 2136575
+255 22 2150048/9
+255 22 2700437
+255 754 410033
+255 22 2650352
+255 22 2647773/4
+255 22 2601928
+255 22 2116048
+255 22 26447871
+255 22 2600288
+255 22 2124040
+255 22 2137575
+255 22 2647620-6
+255 22 2647215
+255 22 2650050
+255 27 2640005
+255 22 2112416
+255 27 2640204
+255 22 2117050/1
+255 22 2114071/211412
+255 22 2601266
+255 27 2756948
+255 22 2130130
+255 22 2666665
+255 22 22134802
+255 22 2600380/9
+255 22 78 4617561
+255 22 2650567/231
+255 22 211938/8
+255 22 255600100
+255
+255
+255
+255
+255
+255
713 800800
754 705000
22 784 748100
22 2142404
22
22
+255 78 7706891
+255 22 2773148
+255 22 2600444/50
+255 22 2600134
+255 744 284575
+255 22 2122130/1
+255 22 2701545/6
+255 22 2181272
+255 22 2600725
+255 22 2601110
+255 22 2135055
+255 22 2133024
+255 22 2124507
+255 22 211080
+255 22 2137049
+255 784 789393
CASINOS
Las Vegas
+255 22 2116512
Le Grande
+255 76 5080940
New Africa Cassino
+255 22 2600380
Sea Cliff Cassino
+255 22 2600380

93
94

Jambo Brand Tanzania Limited

Uploaded by

Document Information

Copyright

Available Formats

Share this document

Share or Embed Document

Sharing Options

Did you find this document useful?

Is this content inappropriate?

Copyright:

Available Formats

Jambo Brand Tanzania Limited

Uploaded by

Copyright:

Available Formats

COVENANT

Global Champion in Women

JAMBO Brand Tanzania August 2016

Covenant Bank Tanzania

Dr. Msenga Gears Up for

How Clouds Media Group

JAMBO Brand Tanzania August 2016

UmojaSwitch: China's Union Pay Now

Tanzania: NIC on Down the Years

New paleo tourism

Tanzanian Mogul, Mohammed Dewji

JAMBO Brand Tanzania August 2016

Functional housing policy, refulatory frameworks and

industry for it to be meaningful,

JAMBO Brand Tanzania August 2016

JBT NEWS HIGHLIGHTS

Chinese-built US$135 m bridge opens in Tanzania

ANZANIAN President John

President John Magufli cuts a ribbon as a sign of inaugurating Kigamboni bridge

local foremen and technicians who

A car run across the bridge

other construction works in the East

ANZANIA'S insurance market

The Commissioner of Insurance, Hon. Israel Kamuzora with President of the

Jaffer, said that the last time for the

JAMBO Brand Tanzania August 2016

available market data are outdated.

Tanzanian Billionaire Mohammed Dewji

my responsibility as a Muslim to give

for improving insurance business

capitalist John Doerr and his wife Ann,

to conduct actuarial studies.

JAMBO Brand Tanzania August 2016

shared infrastructure. In due course of

MUCOBA Bank lists on Dar

UCOBA Bank has become the first

Mr. Atillio Mohele (Chairman) -Tanzanian

JAMBO Brand Tanzania August 2016

banks and, what with such economical

The service was made available to

According to the UmojaSwitch CEO,

Board Members of MUCOBA Bank.

Mr. Joseph Mungai, said the bank started in

result of increased demand for financial

JAMBO Brand Tanzania August 2016

President John Magufuli (left) opens a

Traffic jam set to ease as construction

HE long awaited foundation

JAMBO Brand Tanzania August 2016

he said that if more Tanzanians saw

The Japan International Cooperation

through construction of roads and

the President at State House early last

JICA in supporting the improvement of

Dr Magufuli the WB had supported

JAMBO Brand Tanzania August 2016

BOA lends over TSH5.4 billion

HE mortgage finance sub-sector in Tanzania keeps growing

JBT: Home Finance loans are

with different institutions in this year

JAMBO Brand Tanzania August 2016

same time they are constructing their

individuals will move into their own

with similar products, you will see