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Usiyavuke maji usiyoweza kuyaoga.
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Do not cross water that is too deep for wading.
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Tanzanet yafungua akaunti kwenye benki ya CRDB |
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 Date: Thu, 9 Jun 2005 16:03:29 +0300
TANZANET INC UPDATE Waheshimiwa: Tumefanikiwa kufungua akaunti mbili za Tanzanet pale CRDB Bank tawi la Azikiwe. Name of Account: The Tanzanian Electronic Newtowrking Community Limited Account Number: 01J1028448000 (T SHILLINGS ACCOUNT) Account Number: 01J2028448000 (US DOLLAR ACCOUNT) Name of Bank: CRDB Bank Limited, Azikiwe Branch, Azikiwe Street, P O Box 268, Dar es Salaam SWIFT Code: CORUTZXXX Shukrani nyingi ziwaendee Dr Moddy (Makamu Mwenyekiti) na Mdosi (Katibu) kwa juhudi kubwa walizofanya kufanikisha kazi hii. Kwa maana hii, utawala wa Awamu hii sasa umeanza kusogea kikomo chake kwa vile tutakuwa tumetimiza kwa kiasi kikubwa malengo tuliyoanza nayo. Board itaanza kukutana punde kukamilisha mchakato wa uchaguzi na ripoti kamili itatolewa kwa Wanachama. Wakatabahu,
LGFumbuka,
fumbuka@coresecurities.co.tz
MWENYEKITI
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CALL FOR PAPERS:Tanzanet Journal Special Edition on Housing in Developing Econom |
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 2005??? Vol.6(3) Special Issue??? Dr. Primus V. Mtenga, Special Issue Editor THEME OF THE SPECIAL EDITION This Tanzanet Journal Special Edition is intended to provide a forum for sharing experiences related to sustainable approaches in providing affordable durable housing in developing economies. Housing is a multidisplinary endeavor that encompasses social science related issues (such as conformity to acceptable customs and assimilation of emerging technologies), economics and financing issues, engineering issues, material issues, environmental issues, etc., etc. Thus, papers are invited in the following categories as they are related to housing in developing economies, such as Tanzania: - Local building materials for housing (success stories and innovations or improvements of these local materials).
- Socio-cultural issues associated with changing traditional building practices and materials, for example introducing significant windows in traditional ?tembe? construction.
- Durability of traditional dwellings in relation to impact on the environment.
- Home financing/mortgage availability and sustainability.
- Energy issues, e.g wind and/or solar power for material processing and powering the home.
- Construction practices-labor costs vs affordability.
- Town planning, infrastructural and land development issues.
- Housing industry in general and economic development (material industry, fabrication facilities, mechanization, multiplier effect etc, etc)
- OTHER housing related issues.
INSTRUCTIONS TO CONTRIBUTORS (can also be found at http://www.tanzanet.org/int/journal/instructions.html) Submission of papers will be held to imply it contains original contribution or academic nature or policy recommendation to help the welfare or wellbeing of Tanzanians.? The Tanzanet Journal will have a limited section for publication of? Ph.D dissertation abstracts and Masters degree thesis abstracts which address issues of importance to the Tanzanian Society.? The Editor, Associate editors, Coordinator, Technical Editors, and the Tanzanet Journal will not accept responsibility for damages or loss of papers submitted.
Upon acceptance of an article, author(s) will be asked to transfer copyright of the article to the publisher. The author(s) will be asked to send the final electronics version to journal@tanzanet.org (1) Papers should be written in English
(2) In the interest of speedy Publication, papers for this special edition should be sent to: HARD COPY SUBMISSION (triplicate) :
Prof. Primus V. Mtenga, PhD, P.E.
Special Edition of Tanzanet Journal Editor
Civil & Environmental Engineering Department
FAMU-FSU College of Engineering
2525 Pottsdamer St
Tallahassee, FL 32310
USA
ELECTRONIC SUBMISSION [PDF or MSWord only] to: mtenga@eng.fsu.edu SUBMISSION DEADLINE: Papers should be submitted by September 16, 2005 ? __
You can download the call for papers in its entirety by clicking on here
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 By Angela Mazula
About 14,000 Tanzanians have bought shares in the National Investment Company (NICO), the NICO Chairman has revealed.
Speaking in Dar es Salaam during the weekend, Felix Mosha, Chairman Board of Directors said Tanzanians have shown their interest to have control of country´s economy. If compared against the shares bought between last November and January, the numbers have increased this year.
“Our target was to get the largest number possible of Tanzanians which would enable the company to have majority shares in the companies expected to be privatised,’ he added. Mosha said NICO wants to buy the National Microfinance Bank (NMB), National Shipping Agencies, NASACO, National Insurance Cooperation (NIC), Tanzania Harbours Authority (THA), Tanzania National Electric Supply Company (TANESCO) and the Tanzania Revenue Authority (TRA) where they were non-profit making company.
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2005-05-18 08:07:26
By Times Correspondent
The public has been responsive to the Initial Public Offer
(IPO) of Umoja Fund which started to sell its units on Monday
this week.
According to Mr. Gratian Kamugisha the acting Chief Executive
Officers of Unit Trust of Tanzania (UTT), the sponsors of the
fund, many people flooded the offices of UTT at Sukari House
asking for the offering documents other literature on Umoja
Fund and where they would buy the units.
The same view was aired by the Director of Finance Mr. Alan
Mchaki and Ms Nunu Saghafu, the Operations Manager of UTT.
Selling outlets were visited by this paper and there were
crowds of people asking for details about Umoja Fund but the
dealers? agents for sale of units would not say immediately
the unit sales made in the first two days of IPO.
The initial public offer which started on Monday will continue
for eleven weeks until 28th of July this year when the IPO
will be closed.
Agents for the IPO sale of units are the CRDB Bank, Akiba
Commercial Bank, Tanzania Postal Bank, all Dar es Salaam Stock
Exchange (DSE) stock brokers, and the National Microfinance
Bank.
The UTT acting CEO said the brokers involved in the sale of
units in the IPO were Vertex Securities, Tanzania Securities
Ltd, Solomon and Company Ltd, Orbit Securities and Core
Securities which are allocated at the city centre.
He said the sale of units of Umoja Fund would be sold
countrywide through the branches of the appointed agents.
Umoja Fund is a pioneer empowerment collective scheme that
gives opportunity for the majority of Tanzanian citizens to
invest and take a stake in privatization and further
participate in the capital markets and obtain a return on
their investment.
The fund Fund is an open-ended scheme with an initial lock in
period of one year and it is aimed at creating a balanced fund
investing in listed equity and debt and money market
instruments like Treasury bonds and commercial bank deposits.
According to UTT, the initial sale is open to
resident/non-resident citizens of Tanzania body corporates,
local government, pension and social security funds,
cooperative societies and charitable and religions
organizations.
It is also revealed in the offering document that the initial
value of the unit is Tshs 100/= and the minimum investment is
50 units.
The units will be sold at Tshs 70 per unit during the initial
sales period from 16th May to 20th July this year.
It is also stated that subject to availability of income,
distribution will be made at least once in a year.
The fund scheme offers an option to re-invest income
distribution at the applicable net asset value.
Mr Kamugisha noted that he was encouraged by the interest
shown by the public and was optimistic that the IPO would be
over-subscribed.
UTT through Umoja Fund has been allocated by the government 2%
shares of the Tanzania Breweries Limited (TBL) and 1% of
Tanzania Cigarette Company (TCC) which amount to Tshs 10
billion.
It is these shares which have been broken into units and are
sold to the public at Tshs 70% and the government is
subsidizing every unit by adding Tshs 30. D
SOURCE: Financial Times
Umoja Fund Analysis
We are pleased to bring to your notice the ongoing IPO by the
Unit Trust of Tanzania (UTT) of their flagship unit trust
scheme called Umoja Fund. It was launched on 16 May 2005 and
will run till 29 July, a period of 10 weeks.
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Siasa: City Water gets final termination notice |
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2005-05-26 08:33:43
By Guardian Reporter
The government yesterday issued a final official notice to terminate its contract with City Water Services Limited (CWS), The Guardian has reliably learnt.
Impeccable sources in the government said in Dar es Salaam that the contract was terminated effective yesterday morning and that the CWS management had already been served with the notice.
It was further revealed that the notice was issued seven days from the date of the first notice (cure notice) as the contract between Dar es Salaam Water and Sewerage Authority (Dawasa) and CWS required.
Issuing of the cure notice prior to the final notice was meant to give CWS a chance to read through articles of the contract, the information said.
According to one of the sources, notice was also intended to give the water firm seven days to make any objections or necessary amendments in the breach of contract terms.
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