A blog that gives out financial institutions news on time with accurate informations.


  • CRDB Bank Share up 16PC in three weeks

    CRDB bank share price has made an abrupt U-turn after appreciating by 16 per cent in the last three weeks.

  • TIB slashes losses, bad loans up!

    TIB Development Bank has considerably reduced its net loss 17 times to 582m/- in this year quarter two (Q2) after cutting expenses.

  • MALINZI blesses TFF elections

    THE ousted Tanzania Football Federation (TFF) President Jamal Malinzi has expressed gratitude to the government, sponsors and football stakeholders in the country for their massive support.

  • Barrick, government talks next week

    BARRICK Gold will begin discussions with the government on the concentrate export ban and other issues next week

Monday, August 31, 2020

Absa Bank TZ Pugu Branch launch in pictures

Absa Bank Tanzania Pugu Branch Manager, Veronica Okio (right), and bank customer, Fuad Salmeen (in white coat) cuts a ribbon to inaugurate Absa’s Pugu new branch along Nyerere Road in Dar es Salaam during the weekend. Second right is ABT Head of Branch Network, John Beja.
Absa Bank Tanzania Pugu Branch Manager, Veronica Okio (right), and bank customer, Fuad Salmeen (in white coat) cuts a ribbon to inaugurate Absa’s Pugu new branch along Nyerere Road in Dar es Salaam during the weekend. Second right is ABT Head of Branch Network, John Beja.
Absa Bank Tanzania Pugu Branch Manager, Veronica Okio (right), and some bank customers, cuts a cake during the official inauguration of Absa’s Pugu new branch along Nyerere Road in Dar es Salaam during the weekend.
Absa Bank Tanzania Pugu Branch Manager, Veronica Okio (right), presents a cake to a customer to celebrate the Absa’s Pugu new branch official opening ceremony along Nyerere Road in Dar es Salaam during the weekend.
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Thursday, August 27, 2020

Benki ya DCB yamtembelea Mama Mkapa na kumpa mkono wa pole

Mke wa Rais Mstaafu wa awamu ya tatu, marehemu Benjamin Mkapa, Mama Anna Mkapa (kulia), akipokea nishani yenye ujumbe wa maneno ya Rais Mkapa kuhusu uanzishwaji wa benki ya Biashara ya DCB kutoka kwa Mjumbe wa Bodi ya Benki hiyo, Zawadia Nanyaro wakati yeye, Mkurugenzi Mtendaji, Godfrey Ndalahwa (katikati) pamoja na Mkuu wa Masoko na Mawasiliano, Rahma Ngassa, walipofika nyumbani kwake kumpa mkono wa pole kutokana na msiba alioupata. Hafla hiyo ilifanyika nyumbani kwa Mkapa, Masaki, Dar es Salaam leo.
Mke wa Rais Mstaafu wa awamu ya tatu, marehemu Benjamin Mkapa, Mama Anna Mkapa (kulia), akipokea rambirambi kutoka kwa Mkurugenzi Mtendaji wa Benki ya Biashara ya DCB, Godfrey Ndalahwa walipofika nyumbani kwake kumpa mkono wa pole kutokana na msiba alioupata. Hafla hiyo ilifanyika nyumbani kwa Mkapa, Masaki,Dar es Salaam leo. Wa pili kushoto ni Mjumbe wa Bodi ya Benki hiyo, Zawadia Nanyaro pamoja na Mkuu wa Masoko na Mawasiliano, Rahma Ngassa.
Mke wa Rais Mstaafu wa awamu ya tatu, marehemu Benjamin Mkapa, Mama Anna Mkapa (kulia), akishikana mikono na Mjumbe wa Bodi ya Benki ya Biashara ya DCB, Zawadia Nanyaro akiushukuru ujumbe wa benki hiyo uliofika nyumbani kwake kumpa mkono wa pole kutokana na kuondokewa na marehemu Mkapa. Hafla hiyo ilifanyika nyumbani kwa Mkapa, Masaki,Dar es Salaam leo. Wa pili kulia ni Mkurugenzi Mtendaji wa benki hiyo, Godfrey Ndalahwa pamoja na Mkuu wa Masoko na Mawasiliano, Rahma Ngassa.
Mke wa Rais Mstaafu wa awamu ya tatu, marehemu Benjamin Mkapa, Mama Anna Mkapa (kulia), akishikana mikono na Mkuu wa Masoko na Mawasiliano wa Benki ya Biashara ya DCB, Rahma Ngassa, baada ya kupokea nishani yenye ujumbe wa maneno ya Rais Mkapa kuhusu uanzishwaji wa benki hiyo walipofika nyumbani kwake kumpa mkono wa pole kutokana na msiba alioupata. Hafla hiyo ilifanyika nyumbani kwa Mkapa, Masaki, Dar es Salaam leo. Wa pili kushoto ni Mkurugenzi Mtendaji wa benki hiyo, Godfrey Ndalahwa pamoja na Mjumbe wa Bodi, Zawadia Nanyaro.
Mkurugenzi Mtendaji wa Benki ya Biashara ya DCB, Godfrey Ndalahwa (kushoto) akizungumza na Mke wa Rais Mstaafu wa awamu ya tatu, marehemu Benjamin Mkapa, Mama Anna Mkapa (kulia), walipofika nyumbani kwake kumpa mkono wa pole kutokana na msiba alioupata. Hafla hiyo ilifanyika nyumbani kwa Mkapa, Masaki, Dar es Salaam leo. Wa pili kushoto ni Mkuu wa Masoko na Mawasiliano wa benki hiyo, Rahma Ngassa pamoja na Mjumbe wa Bodi ya DCB, Zawadia Nanyaro.
Mkurugenzi Mtendaji wa Benki ya Biashara ya DCB, Godfrey Ndalahwa (wa pili kushoto), Mjumbe wa Bodi, Zawadia Nanyaro na Mkuu wa Masoko na Mawasiliano wa Benki hiyo, Rahma Ngassa (kushoto) wakiwa katika picha ya pamoja na Mke wa Rais Mstaafu wa awamu ya tatu, marehemu Benjamin Mkapa, Mama Anna Mkapa walipomtembelea kumpa mkono wa pole nyumbani kwake, Masaki, Dar es Salaam leo.
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Wednesday, August 26, 2020

DAWASA WAZIDI KUSOGEZA HUDUMA YA MAJI KWENYE MAENEO YALIYOKUWA NA CHANGAMOTO UKOSEFU WA MAJI SAFI


Mamlaka ya Maji safi na Maji taka Dar es salaam DAWASA katika mkakati wake wa kumtua Mama Ndoo kichwani wameendelea kusogeza huduma ya upatikanaji wa Maji safi na Salama kwa wananchi ambapo kwa sasa wapo katika utekelezaji wa Miradi mikubwa uboreshaji na usambazaji wa kwenye maeneo yenye changamoto ya huduma hiyo.

Mtendaji Mkuu wa Mamlaka hiyo Mhandisi Cyprian Luhemeja amesema kwa sasa Mamlaka imeamua kuhakikisha 35% ya mapato yake ya ndani yanakwenda kutekeleza ujenzi wa Miradi mikubwa ya kusambaza huduma ya maji kwenye maeneo ambayo hayana Maji.

Aidha Mhandisi Luhemeja amesema miongoni mwa Miradi inayokwenda kumaliza kilio cha Maji Dar es salaam ni pamoja na Ujenzi wa Tank la kupokea Maji kiasi cha lita milioni 14 kutoka visima vya Kimbiji na Mpela kisha kuyasambaza kwenye Maeneo ya Wilaya ya Kiamboni ambapo mradi unatarajiwa kukamikika kabla ya Mwezi April mwakani.

Miradi mingine ni Mradi wa uboreshaji usambazaji wa Maji kutoka Makongo hadi Bagamoyo wenye thamani ya shilingi bilioni 65 na Mradi wa Maji Kisarawe hadi Pugu ambapo ujenzi wa Tank umefikia 70%.

Mhandisi Luhemeja amesema kwa sasa hali ya upatikanaji wa Maji safi Jijini Dar es salaam imefikia 88% na lengo la Mamlaka hiyo ni kuhakikisha huduma inawafikia watu wote.

Pamoja na hayo Mhandisi Luhemeja amesema katika kipindi cha miaka mitano Makusanyo yamepanda kutoka Shilingi Bilioni 2 mwaka 2015 hadi kufikia Bilioni 12.3 ambapo katika mwaka wa fedha 2020-2021 wamedhamiria kufikia Bilioni 17.

Hata hiyo Mhandisi Luhemeja amemshukuru Rais Dkt. John Magufuli kwa maboresho makubwa aliyofanya kwenye sekta ya Maji huku akiendelea kuwasisitiza wananchi kulipa bili za Maji kwa wakati.

#Dawasa_tunatekeleza_kwa_vitendo
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NMB Yawakomboa Wananchi Mlimba


Mkuu wa Wilaya ya Kilombero - Ismail Mlawa (wa tatu kulia) akikata utepe kuashiria uzinduzi rasmi wa tawi la NMB Mlimba Wilayani Kilombelo Mkoani Morogoro wakati wa hafla ya ufunguzi iliyofanyika jana. Kutoka kushoto ni Meneja wa NMB Kanda ya Ziwa - Baraka, Ladislaus, Meneja wa tawi la NMB Mlimba - Omary Mtibiro, Mwakilishi wa Afisa Mkuu wa Wateja Binafsi na Biashara - Salie Mlay, Meneja wa Kanda ya Mashariki - Dismas Prosper na Afisa Tarafa ya Mlimba - Emiliana Simanga.
Meneja wa tawi la NMB Mlimba - Omary Mtibiro (kushoto) akitoa maelezo kwa Mkuu wa Wilaya ya Kilombero - Ismail Mlawa baada ya kuzindua rasmi tawi hilo jana.

Benki ya NMB imefungua tawi jipya la Mlimba katika Wilaya ya Kilombero, Mkoani Morogoro. Tawil hili ni neema kwa wakazi wa eneo hili kwani walikuwa wakisafiri umbali wa kilomita 150 ili kuzifikia huduma za kibenki.

Akizungumza katika hafla ya uzinduzi wa tawi hilo, kwa niaba ya Afisa Mkuu wa Wateja Binafsi na Biashara wa NMB - Salie Mlay alisema ujenzi wa tawi hilo Mlimba ni utekelezaji wa sera ya Benki hiyo ya kuwasogezea wanachi huduma za kibenki.

Mlay alisema kuwa, NMB imeendelea kuimarisha huduma mbalimbali na mpaka sasa wameshafungua jumla ya matawi 12 Mkoani Morogoro - lengo likiwa kuhakikisha jamii inapata huduma za kibenki zilizo bora na kwa ukaribu zaidi

Akizindua tawi hilo la NMB Mlimba, Mkuu wa Wilaya ya Kilombero - Ismail Mlawa alisema, ujenzi huo ni sehemu ya ushahidi wa Serikali kumletea mwanachi maendeleo ili aweze kuondokana na changamoto zinazomzunguka na kuwataka wafanyabiashara kuitumia Benki hiyo kwaajili ya kufanya maendeleo.

Kwa niaba ya wafanyabiashara - Joyce Chaula ameishukuru Benki ya NMB kwa kuwasogezea huduma, kwani wanaamini watanufaika ikiwemo fedha zao kuwa salama na hata wao wenyewe kuweza kupata mikopo ili kukuza biashara.

Katika uzinduzi huo NMB imetoa vifaa vya ujenzi vyenye thamani ya shilingi milioni tano ikiwa ni mabati kwaajili ya uwezekaji wa shule ya Sekondari ya Kalengakelu iliyopo Tarafa ya Mlimba hii ikiwa ni sehemu ya kurudisha faida kwa jamii.
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Tuesday, August 25, 2020

ZANTEL ORGANISES A GOLF TOURNAMENT AT LUGALO GOLF GROUNDS

The Foreign Affairs and East African Cooperation Deputy Minister, Dr. Damas Ndumbaro teeing off during the monthly golf tournament organised by Zantel and took place at the Lugalo Golf grounds in Dar es Salaam yesterday.
Kain Mbaya, a Lugalo Golf club player teeing off during the monthly golf tournament organised by Zantel yesterday in Dar es Salaam. The tournament took place at the Lugalo Golf ground.
Nicholaus Chitanda, a Lugalo Golf club player, teeing off during the golf tournament that was organised by Zantel and took place at the Lugalo Golf Club in Dar es Salaam yesterday.
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Monday, August 24, 2020

Absa Earnings Decline as Economic Impact of COVID-19 Increases Impairment Charges


*Salient points:

  • Revenue increased 3% to R40.1 billion 
  • Operating costs fell 2% to R21.6 billion
  • Cost-to-income ratio improved to 53.9% from 56.7%
  • Pre-provision profit increased 9% to R18.5 billion
  • Impairments increased four-fold to R14.7 billion
  • Headline earnings declined 82% to R1.46 billion
  • Return on equity declined to 2.6% from 16.4%
  • Group CET 1 ratio of 11%, well above regulatory requirements
  • Zero dividend declared 

*Note: normalised values (stripping out the effect of the separation from Barclays PLC)

Absa Group Ltd. today reported an 82% decline in normalised interim earnings after impairments increased four-fold to R14.7 billion. Impairment charges rose as customers and clients struggled to repay debt and as the Group took decisive action to increase impairment provisions against future potential credit losses.

Despite significantly higher credit impairments and the material impact of the lockdowns on transactional volumes, the Group, including all business units, remained profitable. The Group expects a continued difficult environment for the consumer and heightened uncertainty is expected to dampen business confidence and investment in the remainder of 2020.

In the current economic climate, ensuring continued operational and financial resilience is paramount. We are therefore temporarily holding our growth ambitions in abeyance to focus on cost management and capital and liquidity preservation, while continuing to support customers,” said Daniel Mminele, Absa Group Chief Executive.

Absa extended significant support to customers and clients across its operating markets. In South Africa, the Group’s largest market, Absa implemented a comprehensive payment relief plan. Measures included credit payment relief, insurance premium relief, the temporary expansion of the Credit Life product to cover a wider definition of loss of income, the waiving of Saswitch fees, and supporting the distribution of social grants and pension payments.

As at 30 June, Absa had provided R8.7 billion of relief on R154 billion worth of loans to 538 000 customers, including 20 000 businesses in South Africa.

Corporate and Investment Banking South Africa assisted clients on a one-to-one basis and granted payment relief on R37 billion of loans, 12% of their book.

Absa Regional Operations afforded customers payment relief on loans totaling R25 billion.

In line with Absa’s commitment to be a force for good in the communities that we operate in, we mobilised our citizenship programme as COVID-19 quickly evolved into a humanitarian crisis. Absa and its employees contributed over R71 million in support across the continent, contributing towards screening and testing, the provision of personal protective equipment for thousands of health workers and humanitarian support to vulnerable communities in the Southern, East and West African countries.

While the negative impact of the crisis on Absa’s earnings is clear, the interim results also highlight the resilience of the business.

Our revenue remained resilient and our operating costs were well managed and responded to the crisis, resulting in encouraging pre-provision profit growth of 9%,” said Absa Group Financial Director Jason Quinn. “Our capital and liquidity levels are strong and will allow us to further support our customers as we emerge from the crisis,” he said.

Absa continued to deliver against major business imperatives during the period, achieving substantial separation from Barclays and completing the process of renaming and rebranding its operations in 12 countries. The separation has fundamentally improved Absa’s resilience, systems and capabilities, to the benefit of staff and customers.

Business unit performance

Retail and Business Banking South Africa (RBB SA)

RBB SA, the largest of the Group’s three business units by revenue, started the year in a strong position, building on the momentum from 2019 from the execution of its transformation journey. The benefits of improved momentum and the quality of the client franchise was evident in pre-provision profits which increased by 10% on the prior year. Credit impairments increased significantly as balance sheet resilience was built given the challenging macro backdrop for borrowers.

Despite the macroeconomic challenges presented by COVID-19, RBB’s performance remained resilient compared to the market in a number of areas:

  • Home loans registrations were down 31% while the market contracted by 39%
  • Vehicle and asset financing decreased 19% in a market that shrunk by 42%
  • Retail deposits grew 12%, in line with the market
  • Solid net insurance premium growth of 9%

The Absa app has been the highest rated banking app since its launch in 2013. Digitally active customers grew by 12% in the period since December 2019.

Corporate and Investment Banking (CIB)

CIB was the Group’s largest profit generator in the period following strong growth from the global markets business across the continent. Pre-provision profits increased by 24% supported by broad-based revenue growth and cost containment actions. Credit impairments increased seven-fold as the group provided for customers in sectors most exposed to the crisis.

Notable business highlights during the period included the successful separation from Barclays PLC, the successful integration of Absa Investor Services, the Custody and Trustee business acquired from Societe Generale bringing over R100 billion of assets under custody, as well as the operational go-live of the Group’s representative office in New York.

Absa Regional Operations (ARO)

ARO, which comprises the operations in Africa outside of South Africa, continued to show strong top-line growth during the period and now contributes 26% of Group revenue.  These operations provide the footprint to support customers across the continent and provides diversification to the Group’s exposure.

Similar to the rest of the business, ARO was adversely affected by the crisis, manifesting as a five-fold increase to impairments. Despite this, the business remained profitable and contributed positively to Group earnings.

ARO highlights during the period included the successful completion of separation, specifically the brand and name change and migration of banking platforms and applications, as well as a notable increase in digital customer activity. The number of digitally active customers in the retail and business banking business grew by 28%, resulting in digital transactional volumes rising 77%.

Outlook

While uncertainty remains high, the Group is well-positioned with a strong capital and liquidity position allowing it to continue to support its customers. With the decisive actions that have been taken in the first half to improve balance sheet resilience, the Group expects the second-half impairment outcome and returns to improve.
Highlights include:

  • Gross loans and advances grew by 7% to R530 billion
  • Deposits grew by 10% to R373 billion
  • Non-interest income grew by 6%
  • Cost-to-income ratio improved to 57.7% from 58.4% in 2018
  • Customer growth of 1% to 9.7 million
  • Market share growth in retail deposits and retail loans and advances, including personal loans, new home loans and vehicle finance.

Corporate and Investment Banking (CIB)

CIB’s earnings growth was driven by strong performance in countries outside South Africa, which partially offset a decline in earnings in South Africa. 
Highlights include: 

  • Continued growth momentum in ARO with total income growing 15% (12% in constant currency) to R7.4 billion
  • Solid income growth from Corporate Bank franchise up 9% (8% in constant currency) to R10.6 billion
  • Strong growth momentum in the trade finance business in SA, with a CAGR of 19% in the last four years.

Absa Regional Operations (ARO)

ARO, comprising Absa Group’s African operations excluding South Africa, delivered strong financial performance in 2019 with earnings growth of 16% (12% in constant currency), enhancing the overall Group’s position.
Highlights include:

  • Revenue grew by 14% (11% in constant currency)
  •  Pre-provision profits increased by 17% (14% in constant currency)
  • Cost-to-income ratio improved to 57.8%
  • While separating, ARO has grown its retail primary customer base in 2019 to 1.5 million customers.

Outlook

South Africa’s macro environment has consistently disappointed for the past five years, and the outlook remains muted, compounded by the recent outbreak of coronavirus which will have an impact on the global macro outlook, and which will also have implications for the economic prospects in our other operating regions. 

We will continue to drive the execution of our strategic objectives with agility, and take advantage of emerging opportunities, while managing risks more effectively in response to changes in the operating environment,” said Mminele.

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Tuesday, August 18, 2020

RC KUNENGE AMTAKA MKANDARASI WA KAMPUNI YA NYANZA KUKAMILISHA UJENZI WA DARAJA LA KIVULE KABLA YA SEPTEMBER 30

Mkuu wa Mkoa wa Dar es salaam Mhe. Aboubakar Kunenge akiongea na waandishi wa habari, mara baada ya kufanya ukaguzi wa ujenzi wa Daraja linalojengwa na Kampuni ya Nyanza lililopo katika barabara Kitunda-Kivule eneo la Mwailafu.

Muonekano wa Daraja linalojengwa na Kampuni ya Nyanza katika barabara itokayo Kitunda kuelekea Kivule.

Mkuu wa Mkoa wa Dar es salaam Mhe. Aboubakar Kunenge amemuelekeza Mkandarasi wa Kampuni ya Nyanza inayojenga barabara na Daraja la Kivule kuhakikisha ifikapo September 30 daraja hilo linakamilika na kuanza kutumika ili kupunguza kero ya usafiri kwa wananchi.

RC Kunenge ametoa maelekezo hayo wakati wa ziara ya ukaguzi wa miradi ya Ujenzi wa miundombinu Wilaya ya Ilala na Temeke ambapo ameonyesha kuridhishwa na hatua ya ujenzi ilipofikia na kuwataka waongeze juhudi.

Aidha RC Kunenge amesema ujenzi wa Madaraja hayo unaenda sambamba na ujenzi wa Barabara ya Kuelekea Hospital ya Wilaya ya Ilala iliyopo Kivule ambapo amewasisitiza TANROAD na TARURA kusimamia vizuri miradi hiyo na kuhakikisha inakamilika kwa wakati.


Akiwa kwenye ukaguzi wa Barabara ya Mbosi RC Kunenge amemuelekeza Mkurugenzi wa Manispaa ya Temeke kuhakikisha anatoa fedha za kumalizia ujenzi wa Barabara hiyo ili ikamilike ndani ya mwezi mmoja.

Pamoja na hayo RC Kunenge amesema tayari amewaelekeza Wakuu wa Wilaya za Mkoa huo kuhakikisha wanatoka maofisini na kwenda kusikiliza kero za wananchi pamoja ukaguzi wa miradi ya maendeleo.

Mkuu wa Mkoa wa Dar es salaam Mhe. Aboubakar Kunenge akitoa maelekezo mara baada ya kufanya ukaguzi wa ujenzi wa Daraja linalojengwa na Kampuni ya Nyanza lililopo katika barabara Kitunda-Kivule eneo la Mwailafu.
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ABSA TANZANIA LAUNCHES A NEW BRANCH IN DODOMA

Dodoma Regional Commissioner, Dr. Binilith Mahenge (second right), cuts a ribbon to officially open a new Absa Bank Tanzania branch in Tanzanian Capital, Dodoma, located at PSSSF House. Witnessing the event held this Monday are from right; Absa Head of Retail Banking, Oscar Mwamfwagasi, ABT Chief Finance Officer, Obedi Laiser and other bank’s officials.
Dodoma Regional Commissioner, Dr. Binilith Mahenge (centre), leads Absa Bank Tanzania senior officials to celebrate inauguration of the bank's new branch located at PSSSF House in Tanzanian Capital Dodoma on Monday. Others in the picture from right (partly hidden) are; Head of Retail Banking, Oscar Mwamfwagasi, Chief Finance Officer, Obedi Laiser, Head of Branch Network, John Beja and other banks officials and customers.
Dodoma Regional Commissioner, Dr. Binilith Mahenge (second left), exchange views with Absa Bank Tanzania Chief Finance Officer, Obedi Laiser (second right), during the official launching ceremony of Absa’s Dodoma new branch at PSSSF House, in Tanzanian Capital Dodoma yesterday. Looking on from the left are; Head of Retail Banking, Oscar Mwamfwagasi and Head of Branch Network, John Beja.
Absa Bank Tanzania Chief Finance Officer, Obedi Laiser (centre), together with some banks customers cuts a cake during the official launching ceremony of Absa’s Dodoma new branch in Tanzanian Capital Dodoma yesterday.
Dodoma Regional Commissioner, Dr. Binilith Mahenge (Centre, seated), Absa Tanzania CFO, Obedi Laiser (right, seated), ABT’s Head of Retail Banking, Oscar Mwamfwagasi (left), with some banks officials, poses for a memento photograph during the official launching ceremony of Absa’s Dodoma new branch in Tanzanian Capital Dodoma yesterday.
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Friday, August 14, 2020

ABSA TANZANIA KUENDELEA KUWA MSTARI WA MBELE KUSAIDIA JAMII

Meneja Huduma za Jamii wa Benki ya Absa Tanzania, Hellen Siria (kushoto) na Meneja Miradi wa Makampuni kutoka Shirika linalojihusisha na kuboresha maisha ya watoto yatima na wanaoishi katika mazingira magumu hasa wale walioathirika na ugonjwa wa ukimwi (Pact), Beatrice Kamugisha, wakikabidhi vifaa vya saluni kwa mmoja wa wanafunzi  aliyehitimu mafunzo katika Chuo cha Ufundi cha Mamlaka ya Mafunzo ya Ufundi Stadi Tanzania (Veta), Neema Bakari, chini ya udhamini wa Benki ya Absa kupitia Mpango wa Kizazi Kipya unaoratibiwa na Pact pamoja na Shirika la Walio katika Mapambano na Aids (WAMATA). Hafla hiyo ilifanyika katika ofisi za WAMATA, Dar es Salaam leo.
Meneja Huduma za Jamii wa Benki ya Absa Tanzania, Hellen Siria (kulia) akikabidhi cherehani kwa mmoja wa wanafunzi aliyehitimu mafunzo katika Chuo cha Ufundi cha Mamlaka ya Mafunzo ya Ufundi Stadi Tanzania (Veta), Happy Kalinga, chini ya udhamini wa Benki ya Absa kupitia Mpango wa Kizazi Kipya unaoratibiwa na Shirika linalojihusisha na kuboresha maisha ya watoto yatima na wanaoishi katika mazingira magumu hasa wale walioathirika na ugonjwa wa ukimwi (Pact) pamoja na Shirika la Walio katika Mapambano na Aids (WAMATA). Katikati ni Meneja Miradi wa Makampuni kutoka Pact, Beatrice Kamugisha. Hafla hiyo ilifanyika katika ofisi za WAMATA, Dar es Salaam leo.
Meneja Huduma za Jamii wa Benki ya Absa Tanzania, Hellen Siria (kushoto) vifaa vya saluni kwa mmoja wa wanafunzi aliyehitimu mafunzo katika Chuo cha Ufundi cha Mamlaka ya Mafunzo ya Ufundi Stadi Tanzania (Veta), Rehema Shabani, chini ya udhamini wa Benki ya Absa kupitia Mpango wa Kizazi Kipya unaoratibiwa na Shirika linalojihusisha na kuboresha maisha ya watoto yatima na wanaoishi katika mazingira magumu hasa wale walioathirika na ugonjwa wa ukimwi (Pact), pamoja na Shirika la Walio katika Mapambano na Aids (WAMATA). Hafla hiyo ilifanyika katika ofisi za WAMATA, Dar es Salaam leo. Kulia ni Meneja Miradi wa Makampuni kutoka Pact, Beatrice Kamugisha na Meneja Mradi wa Kizazi Kipya kutoka WAMATA, Omari Chambo.
Meneja Huduma za Jamii wa Benki ya Absa Tanzania, Hellen Siria (wa pili kulia) akikabidhi vitendea kazi vya upambaji kwa mmoja wa wanafunzi aliyehitimu mafunzo katika Chuo cha Ufundi cha Mamlaka ya Mafunzo ya Ufundi Stadi Tanzania (Veta), Maisha Ally, chini ya udhamini wa Benki ya Absa kupitia Mpango wa Kizazi Kipya unaoratibiwa na Shirika linalojihusisha na kuboresha maisha ya watoto yatima na wanaoishi katika mazingira magumu hasa wale walioathirika na ugonjwa wa ukimwi (Pact), pamoja na Shirika la Walio katika Mapambano na Aids (WAMATA). Hafla hiyo ilifanyika katika ofisi za WAMATA, Dar es Salaam leo. Kushoto ni Meneja Miradi wa Makampuni kutoka Pact, Beatrice Kamugisha na Meneja Mradi wa Kizazi Kipya kutoka WAMATA, Omari Chambo.
Meneja Mradi wa Kizazi Kipya kutoka Shirika la Walio katika Mapambano na Aids (WAMATA), Omari Chambo (kushoto) akikabidhi vitendea kazi vya upambaji kwa mmoja wa wanafunzi aliyehitimu mafunzo katika Chuo cha Ufundi cha Mamlaka ya Mafunzo ya Ufundi Stadi Tanzania (Veta), Maisha Ally, chini ya udhamini wa Benki ya Absa kupitia Mpango wa Kizazi Kipya unaoratibiwa na Shirika linalojihusisha na kuboresha maisha ya watoto yatima na wanaoishi katika mazingira magumu hasa wale walioathirika na ugonjwa wa ukimwi (Pact), pamoja na Shirika la WAMATA. Hafla hiyo ilifanyika katika ofisi za WAMATA, Dar es Salaam leo. Wa tatu kushoto ni Meneja Huduma za Jamii wa Benki ya Absa Tanzania, Hellen Siria na Meneja Miradi wa Makampuni kutoka Pact, Beatrice Kamugisha.
Meneja Huduma za Jamii wa Benki ya Absa Tanzania, Hellen Siria (kulia) akizungumza wakati wa hafla ya kukabidhi vitenbdea kazi kwa wanafunzi waliohitimu mafunzo katika Chuo cha Ufundi cha Mamlaka ya Mafunzo ya Ufundi Stadi Tanzania (Veta), chini ya udhamini wa Benki ya Absa kupitia Mpango wa Kizazi Kipya unaoratibiwa na Shirika linalojihusisha na kuboresha maisha ya watoto yatima na wanaoishi katika mazingira magumu hasa wale walioathirika na ugonjwa wa ukimwi (Pact), pamoja na Shirika la WAMATA. Hafla hiyo ilifanyika katika ofisi za WAMATA, Dar es Salaam leo. Kutoka kushoto ni Ofisa Elimu wa WAMATA Wilaya ya Ilala, Doreen Phillemon, Meneja Mradi wa Kizazi Kipya WAMATA, Omari Chambo na Meneja Miradi wa Makampuni kutoka Pact, Beatrice Kamugisha.
Mmoja wa wahitimu wa waliohitimu mafunzo katika Chuo cha Ufundi cha Mamlaka ya Mafunzo ya Ufundi Stadi Tanzania (Veta), Happy Kalinga akitoa shukrani katika hafla hiyo.
Meneja Miradi wa Makampuni kutoka Shirika linalojihusisha na kuboresha maisha ya watoto yatima na wanaoishi katika mazingira magumu hasa wale walioathirika na ugonjwa wa ukimwi (Pact), Beatrice Kamugisha (katikati) akizungumza wakati wa hafla ya kukabidhi vitendea kazi kwa wanafunzi waliohitimu mafunzo katika Chuo cha Ufundi cha Mamlaka ya Mafunzo ya Ufundi Stadi Tanzania (Veta), chini ya udhamini wa Benki ya Absa kupitia Mpango wa Kizazi Kipya unaoratibiwa na Shirika la Pact, pamoja na Shirika la WAMATA. Hafla hiyo ilifanyika katika ofisi za WAMATA, Dar es Salaam leo. kushoto ni Ofisa Elimu wa WAMATA Wilaya ya Ilala, Doreen Phillemon na Meneja Huduma za Jamii wa Benki ya Absa Tanzania, Hellen Siria.
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Thursday, August 13, 2020

NBC yasaidia ujenzi wa madarasa shule ya Kizimkazi mjini Unguja

Makamu wa Rais, Mama Samia Suluhu Hassan (katikati), akiwasalimia baadhi ya maofisa wa Benki ya Taifa ya Biashara (NBC), katika hafla ambayo NBC ilimkabidhi msaada wa vifaa vya ujenzi vyenye thamani ya shs 29,200,000 kumalizia ujenzi wa madarasa manne ya Shule ya Awali ya Kizimkazi Mkunguni katika hafla iliyofanyika pamoja na maadhimisho ya Siku ya Kizimkazi, jana, Mkoa wa Kusini Unguja Visiwani Zanzibar. Kutoka kushoto ni, Mkuu wa Huduma za Kibenki Kitengo cha Kiislamu wa NBC Zanzibar, Mohamed Nuh, Meneja Mahusiano  Serikalini wa NBC Tanzania, William Kallaghe, Meneja wa NBC Tawi la Zanzibar, Ramadhani Lesso na Ofisa Mauzo, Mussa Waziri.  
Makamu wa Rais, Mama Samia Suluhu Hassan (wa pili kulia), amkimsikiliza Meneja Mahusiano Serikalini wa Benki ya Taifa ya Biashara (NBC), William Kallaghe baada ya kupokea msaada wa vifaa vya ujenzi vyenye thamani ya shs 29,200,000 vilivyotolewa na NBC kumalizia ujenzi wa madarasa manne ya Shule ya Awali ya Kizimkazi Mkunguni katika hafla iliyofanyika pamoja na maadhimisho ya Siku ya Kizimkazi, jana, Mkoa wa Kusini Unguja Visiwani Zanzibar. Kushoto ni Meneja wa NBC Tawi la Zanzibar,Ramadhani Lesso na Mkuu wa Kitengo cha Huduma za Kibenki za Kiislamu wa benki hiyo Tawi la Zanzibar, Mohamed Nuh.   
Makamu wa Rais, Mama Samia Suluhu Hassan (katikati), akipokea moja ya vifaa vya ujenzi kutoka kwa Meneja Mahusiano Serikalini wa Benki ya Taifa ya Biashara (NBC), William Kallaghe (wa tatu kushoto), vyenye thamani ya shs 29,200,000 vilivyotolewa na benki hiyo kumalizia ujenzi wa madarasa manne ya Shule ya Awali ya Kizimkazi Mkunguni katika hafla iliyofanyika pamoja na maadhimisho ya Siku ya Kizimkazi, jana, Mkoa wa Kusini Unguja Visiwani Zanzibar. Kutoka kushoto ni Meneja wa NBC Tawi la Zanzibar, Ramadhani Lesso na Mkuu wa Kitengo cha Huduma za Kibenki za Kiislamu katika tawi hilo,  Mohamed Nuh.
Makamu wa Rais, Mama Samia Suluhu Hassan (katikati), akipokea shukurani maalumu kutoka NBC kupitia kwa kwa Meneja Mahusiano Serikalini wa Benki hiyo, William Kallaghe mara baada ya kupokea msaada wa vifaa vya ujenzi vyenye thamani ya shs 29,200,000 vilivyotolewa na benki hiyo kusaidia ujenzi wa madarasa manne ya Shule ya Awali ya Kizimkazi Mkunguni katika hafla iliyofanyika pamoja na maadhimisho ya Siku ya Kizimkazi, jana, Mkoa wa Kusini Unguja Visiwani Zanzibar. Wanaongfalia kushoto ni Meneja wa NBC Tawi la Zanzibar, Ramadhani Lesso na Mkuu wa Kitengo cha Huduma za Kibenki za Kiislamu katika tawi hilo,  Mohamed Nuh.
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Tuesday, August 11, 2020

Absa wins the Euromoney 2020 Excellence in Leadership in Africa award

The Absa Group headquarters in Johannesburg.

Absa Group, one of Africa’s leading diversified financial service group, was recently awarded the Euromoney 2020 Excellence in Leadership in Africa Award as a result of their integrated Covid-19 response for their employees, clients and communities.

Absa took home the award, which recognizes excellence in leadership on the Africa continent. The award looks at what corporates in the banking industry have done for their employees, clients, communities, industry and economies in Africa. Absa is one of 6 banks globally that have been recognized for outstanding performance during an unprecedented era of constant change and uncertainty as a result of the global health crisis.

We are very happy to receive this award, as it demonstrates our commitment to Africa, which is our home and our source of strength as a business”, said Charles Russon, CE for Absa Corporate and Investment Banking.

Absa was undoubtedly a strong contender for this award having implemented very extensive initiatives and programmes in response to the COVID-19 pandemic across all their 12 African markets. Absa takes pride in its commitment to facilitate economic growth, looking after the wellbeing of employees, enabling the success and resilience of their clients while looking after the communities they serve.

When building a strategic response to the pandemic, Absa decided that the safety and wellbeing of its employees was the core priority, because they understood that its people drives a successful business. The award also recognizes the efforts that Absa has made to ensure that their employees had all the necessary tools required to work remotely, observing and implementing heightened health and safety protocols for onsite employees, as well as investing in providing valuable counselling and mindfulness programmes to ensure employees’ physical and psychological health. In addition, they also provided employees with payment moratoriums to ease their financial hardships during a time of economic strain.

Russon also stated that from a client perspective, they have investigated various ways to create the most value for their clients by identifying and offering cash and trade management advice and solutions while staying close to their clients’ businesses to understand their specific requirements during this pandemic. Absa Group offered a payment relief programme, which as of 29 July, benefited over 700,000 retail account holders in South Africa. Absa approved many Trade and Working Capital transactions and established a special task team, which oversaw the deployment of financing to ensure the continued operation of essential services in our respective markets. Further, Absa provided 65 000 customers in Absa Regional Operations (ARO) markets with payment relief as well.

From a societal perspective, Absa has to date, contributed R10 million to the COVID-19 Solidarity Fund, a fund established by the Government of South Africa to respond to and combat the COVID-19 pandemic. In total R55 million has been donated to government initiatives and other civil society efforts across Absa’s markets.

Our success lies in the direct integration of financial operations and close-knit relationships with employees and clients, and this has made us a trusted advisor and natural banking partner for our clients. We congratulate all the other winners in this category who also did their part in their regions to lead through excellence during this time”, Russon concluded.

Absa Bank Tanzania Managing Director, Abdi Mohamed commented, “In Absa Tanzania, we have taken a number of actions to ensure our staff and customers remain safe in line with Ministry of Health guidelines. As part of our social responsibility agenda, we have donated PPE materials (Mask, Sanitizers and Gloves) which was received by the Minister for Health on behalf of the government of Tanzania

Abdi also added, “Absa Tanzania recognizes the impact of Covid19 on some of our customer’s businesses, we have instituted a debt relief programme, in line with the guidelines of the BOT. This is done to alleviate the impact and after thorough discussion and agreement with the clients. It is also done strictly in accordance with the existing regulatory guidelines. Under this debt relief programme we have restructured to the tune of 125Bilions TZS to support our customers during this time”.

The relief programme implemented by Absa Group demonstrates their ability to adapt business operations to changing circumstances, providing solutions to clients, while supporting and enabling key stakeholders, particularly employees.
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WAZIRI KALEMANI AWAONYA WANAOAGIZA VIFAA VYA KUUNGANISHIA UMEME KUTOKA NJE

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Waziri wa Nishati Dk Medard Kalemani (kushoto), pamoja na Mkuu wa Wilaya ya Kinondoni Daniel Chongolo wakifungua pazia kuashiria uzinduzi rasmi wa kiwanda cha Inhemeter kinachojishughulisha na kutengeneza vifaa vya kuunganishia mifumo ya umeme kutoka katika miundombinu mikubwa na kupeleka majumbani hafla hiyo imefanyika jana kiwandani hapo kinondoni Dar es Salaam.

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Waziri wa Nishati Dk Medard Kalemani akizungumza na viongozi mbalimbali wa serikali pamoja na wafanyakazi wa kampuni ya Inhemeter wakati  akizindua kiwanda cha Inhemeter kinachojishughulisha na kutengeneza vifaa vya kuunganishia mifumo ya umeme kutoka katika miundombinu mikubwa na kupeleka majumbani yaani kwa wananchi hafla hiyo pia ilihudhuriwa na Mkuu wa Wilaya ya Kinondoni mh Daniel Chongolo. Hafla hiyo imefanyika jana jjini Dar es Salaam.

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Mkurugenzi Mkuu wa Kiwanda cha Inhemeter , Abraham Rajakili akizungumza wakati wa hafla hiyoda3c6808-1f4a-44d5-9d13-1d5128a294ef

Waziri wa Nishati Dk Medard Kalemani akipata maelezo kutoka kwa Mkurugenzi Mkuu wa Kiwanda cha Inhemeter , Abraham Rajakili wakati alipotembelea kiwanda hicho na kukizindua rasmi.
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Baadhi ya Viongozi mbalimbali waliohudhulia ghafla uzinduzi wa kiwanda hicho Picha zoote na Brian Peter

WAZIRI wa Nishati Dk. Medard Kalemani amesema kuwa Serikali haitaruhusu tena uingizwaji wa vifaa mbalimbali vya kuunganishia umeme kutoka nje ya nchi kwa sababu tayari hapa nchini kuna viwanda vya kutosha  vya kuzalisha vifaa hivyo.


Pia Dk. Kalemani amelitaka Shirika la Umeme Tanzania (Tanesco), Wakala wa Umeme Vijiji (REA) na wakandarasi wanaochukua tenda za kusambaza umeme vijijini kuacha kuagiza vifaa nje ya nchi badala yake kuchukua vya ndani ili kuweza kupunguza gharama na kuokoa muda wa kupeleka umeme kwa wananchi.


Dk. Kalemani ameyasema hayo leo jijini Dar es Salaam wakati akizindua kiwanda cha Inhemeter kinachojishughulisha na kutengeneza vifaa vya kuunganishia mifumo ya umeme kutoka katika miundombinu mikubwa na kupeleka majumbani yaani kwa wananchi.


Amesema hakuna kifaa chochote cha kuunganisha umeme kitakachotoka nje ya nchi kwa sasa na kuongeza kuwa manunuzi yote ya vifaa mbalimbali vya umeme ikiwamo nguzo na trasnfoma vinunuliwe hapa nchini.


"Umeme ni muhimu sana katika maendeleo na uchumi wa viwanda na kamwe uwezi kusema unataka kujenga uchumi wa viwanda alafu unategemea vifaa kutoka nje ya nchi hivyo Serikali itaendelea kusisitiza watu kununua vifaa vinavyotengenezwa hapa nchini na ujengwaji  wa viwanda vya ndani," amesema


Aidha amesema hadi kufikia leo Julai 10, 2020 jumla ya vijiji 9512 vimeshasambaziwa umeme huku vijiji 2700 vilivyobakiwa vikiratajia kuanza kuwekewa umeme Agosti mwaka huu.


Dk. Kalemani amesema kuanzia Agosti 20 hadi Septemba 20 mwaka huu, Serikali itaanza kusambaza wakandarasi watakaofanya kazi ya kuvipelekea umeme vijiji na vitongoji vyote vilivyosalia kupata umeme hapa nchini.


Amesema takribani kiasi cha Sh. Bilioni 851 zimetengwa kwa ajili ya kutekeleza kazi hiyo na kuongeza kuwa anakipongeza kiwanda cha Inhemeter kwa uzalishaji wa viunganishi zaidi ya 600,000 vya umeme kutoka miundombinu mikubwa kwenda kwa wananchi huku mahitaji ya nani ya vifaa hivyo yakiwa 300,000.


"Pamoja na kwamba mtazalisha vifaa vingi hakikisheni mnazingatia viwango na ubora unaokubalika ili viweze kuuzika hapa nchini na nje ya nchi," amesema Dk Kalemani.


Naye Mkurugenzi Mkuu wa Kiwanda hicho, Abraham Rajakili amesema uwekezaji katika kiwanda hicho unathamani ya Shilingi Bilioni tano na kusisitiza kuwa bidhaa zina ubora na viwango vinavyokubalika.


Amesema kwa sasa wauwezo wa kuzalisha vifaa hivyo vya kuunganishia umeme vipatavyo Milioni 1.5 kwa mwaka na wanategemea kutoa ajira 120 katika kiwanda hicho huku aliongeza kusema kuwa  idadi hiyo ya ajira itaongezeka kutokana na ongezeko la uzalishaji.


"Lengo letu si tu kuzalisha bidhaa hizi hapa Tanzania tu bali kuziuza nje ya nchi hivyo tunahitaji kupata ushirikiano kutoka kwa Serikali ili jambo hili liweze kutimia," amesema

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