Yahoo CEO poised to make fateful decision on Alibaba stake

Yahoo CEO poised to make fateful decision on Alibaba stake

  Yahoo CEO Marissa Mayer is facing her biggest business decision since she left Google two-and-a-half years ago to lead its struggling rival: how to manage Yahoo’s most valuable asset, a 15 percent stake in Chinese Internet star Alibaba Group worth nearly $37 billion. “This is a defining moment for

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Seeing the future through the eyes of young Africans

Seeing the future through the eyes of young Africans

  It is interesting to reflect on the progress that has been made in Africa over the past 15 years. Where we are today is very different to where we were 15 years ago – at that time, most people would have thought it impossible for Africa to get to

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Bill Clinton: I know why US incomes are stagnant

Bill Clinton: I know why US incomes are stagnant

  For former President Bill Clinton , host of the annual gathering of business and political leaders at the Clinton Global Initiative, the American economy isn’t feeling as secure as it should. Median household income in 2013 was $51,900, according to recent reports from the U.S. Census Bureau, 8 percent

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NBC Appoints Pius Tibazarwa as the Intern Managing Director

NBC Appoints Pius Tibazarwa as the Intern Managing Director

  NBC Tanzania announces the appointment of Pius Tibazarwa as Interim Managing Director of NBC Tanzania. Effective 1 October 2014, Pius will succeed Mizinga Melu, who has been appointed Chief Executive of Barclays Africa Regional Management. NBC Tanzania is a subsidiary of Johannesburg listed Barclays Africa Group Limited (BAGL). Pius

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NMB Depositors to Get 10 Percent Interest Rate

NMB Depositors to Get 10 Percent Interest Rate

  DEPOSITORS with NMB Bank Plc can earn up to 10 per cent interest and win auto rickshaws, motorcycles and bicycles in a promotion which will last three months. Local banks normally pay between 2 and 6 per cent interest on deposits while charging as high as 20 per cent

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Exim Bank Tanzania Pre-Tax Profits Up 80 Percent

Exim Bank Tanzania Pre-Tax Profits Up 80 Percent

  EXIM Bank’s pretax profit for the second quarter of 2014 has increased by 80 per cent to 9.6bn/- compared to the same period last year. “We are happy to report impressive results for the second quarter of this year,” said Mr Issa Hamisi, Acting Chief Finance Officer of Exim

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BRICS set up bank to counter Western hold on global finances

BRICS set up bank to counter Western hold on global finances

  Leaders of the BRICS emerging market nations launched a $100 billion development bank and a currency reserve pool on Tuesday in their first concrete step toward reshaping the Western-dominated international financial system. The bank aimed at funding infrastructure projects in developing nations will be based in Shanghai and India

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Credit Reference Bureaus Are Highly Welcome in Tanzania

Credit Reference Bureaus Are Highly Welcome in Tanzania

  THE establishment of the much-awaited Credit Reference Bureau (CRB) the cost of borrowing from banks and other financial institutions is expected to go down significantly. It is a move envisaged to reduce the cost of doing business in the country and ultimately make Tanzania a better place to live

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A Micro Finance Act to Regulate Micro Finance Services in Tanzania

A Micro Finance Act to Regulate Micro Finance Services in Tanzania

  A MICRO FINANCE Act to regulate micro finance services in the country is in the offing, the National Assembly was told. Deputy Finance Minister Mwigulu Nchemba said the government had since 2013 engaged a consultant from the Economic and Social Research Foundation (ESRF) to review the country’s national micro

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How Tanzania loses Sh3 trillion annually

How Tanzania loses Sh3 trillion annually

  Tanzania loses about Sh3 trillion ($1.87 billion) in tax revenue every year through cheating by dishonest companies in import and export transactions, a new study reveals. Tanzania, according to the study, loses the most among five countries surveyed last year. The survey also involved Kenya, Uganda, Ghana and Mozambique.

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