News & Events

If you have any questions, please feel free to call (+255-22-2123103 or +255-754-303759) or email us. You may use our online inquiry form for your specific needs.

Free Advice!

In the stock exchange, things are never necessarily good or bad, they are just different. We will work with you in positioning your investments favourably for the outturn

For your core security, invest wisely

Think big, begin small, begin now

News & Events

Where conflict lies, development rests

LAWI JOEL, 8th December 2009

MINERALS in the belly of our land are abundant and various. It is a pride to say that one of those minerals -- Tanzanite, owing to its uniqueness, has been given a name that carries for most part, the country’s name.

Minerals earn the country a significant amount of foreign exchange and an interesting part of the national infighting and now after 48 years of independence, so much hollering shows what minerals mean to the nation and its people.

A national report says: “Mining sector contributes about 2.3 per cent of the GDP, which is projected to account for 10 per cent in 2025 as stated in the Development Vision 2025.” The report adds:

“Further it has great potentials for employment opportunities and spearheading for both the forward and backward linkage of the Tanzania’s economy.”

Such a report illustrates the significance of minerals to the national’s economy. In the lay man’s language, it shows what mineral mean to the people.

Tanzania's export sector fairs well

By a Correspondent, 1st January 2010

Tanzania's export trade has weathered the global recession, with little adverse effects on its tourism and mining sectors, according to statistics released by the Bank of Tanzania.

The figures show that Tanzania actually gained from the crisis in terms of international trade, in the wake of a decline in commodity prices in the world market.

Total export earnings during the year ended September increased by 3.2 per cent, compared to foreign exchange receipts generated during the same period in 2008.

While the exports rose to US$4.6 billion from US$4.5 billion, imports declined b y 4.4 per cent to US$7.5 billion from US$7.8 billion during the same period last year.