Starting a new business in Tanzania is more difficult today than a year ago, a World Bank report says.Published recently by the World Bank and the International Finance Corporation, the report shows that Tanzania has been ranked 14th out of 46, among the sub-Saharan countries. This is way below fellow East African Community members Kenya and Uganda, which are ranked fifth and tenth, respectively.I don’t really understand what’s going on with these guys.
Tanzania: Starting Business Now Tougher, Says World Bank September 26, 2008
Global markets dive after Lehman declares bankruptcy September 15, 2008
Global stock markets plunged this morning after it emerged that Lehman Brothers, the 158-year old bank, had filed for bankruptcy after the failure of a weekend of rescue talks masterminded by US Government.
In London, the FTSE 100 index of leading blue chip companies fell by 154.2 points to 5,262.5 in early trading, reversing gains made at the end of last week when a chance to secure Lehman’s future remained.
In France, the CAC 40 index lost 2.48 per cent and Frankfurt’s DAX fell 1.55 per cent to 6,138.42 points.
The Bank of England stepped forward this morning and said it was “monitoring carefully conditions in sterling money markets and will take appropriate actions if necessary to stabilise those markets”.
Bank shares were predictably badly hit in early trading. Morgan Stanley was down almost 10 per cent in Frankfurt, while reports that the world’s biggest insurer, American International Group (AIG), was seeking rescue funding meant that its shares lost a third of their value on the German market.
East African Community Investment Forum in New York September 11, 2008
Investment Forum Mission A thriving, vibrant private sector is paramount to sustainaible economic development, innovation and long lasting prosperity in East Africa. The growth of Africa’s private sector, particularly the crucial Small and Medium Enterprises (SMEs), faces the primary challenge of linking to and accessing global financial capital. To this end, this forum provides a platform for government agencies, private companies and financial institutions to showcase investment opportunities in East Africa to a wider global audience
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Paper: Financing Solution to Contractors September 3, 2008
Financing Solution to Contractors presented at the Consultative Meeting on Contractors Financial Management Aspects organized by the Contractors Registration Board held at Karimjee Hall Dar es Salaam 8th 9th May 2008 By Felix G. Kibodya LLB Hons, LLM, Advocate Head of Legal Department NBC Ltd and Chairman, Tanzania Bankers Association In-house Legal Counsel Committee.