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China Export and Import Bank (China EXIM Bank) Issuance Notice Of
UNOFFICIAL TRANSLATION (OFFICIAL CHINESE GUIDELINES BELOW) China Export and Import Bank (China EXIM Bank) Issuance Notice of the “Guidelines for Environmental and Social Impact Assessments of the China Export and Import Bank’s (China EXIM Bank) Loan Projects" Guidelines for Environmental and Social Impact Assessments of the China Export and Import Bank’s (China EXIM Bank) Loan Projects General Principles Article 1. In order to implement the national strategies for sustainable development, promote economic, social and environmental development, and effectively control credit risks, the Guidelines were developed according to the "People's Republic of China’s Environmental Impact Assessment (EIA) Act," "People's Republic of China’s Environmental Protection Law", "Environmental Management for Construction Project Ordinance" and other relevant state laws and regulations, and with reference to the relevant regulations and procedures for the environmental and social assessments of international financial organizations. Article 2. These Guidelines apply to the loan procedure of China EXIM Bank. Article 3. The China EXIM Bank’s loan projects are classified as domestic or offshore projects, according to the area in which the projects are implemented. Domestic projects mean that the projects are implemented inside China with China EXIM Bank’s loan support. Offshore projects refer to the projects that are implemented outside China with China EXIM Bank’s loan support. Article 4. When China EXIM Bank reviews its loan projects, not only economic benefits, but also social benefits and environmental demands are considered. Article 5. Environmental assessment refers to the systematic analysis and evaluation of the environmental impacts and its related impacts on human health and safety due to the implementation of the projects. -
Federal Communications Commission DA 10-1348
Federal Communications Commission DA 10-1348 Availability of Additional Share of Retail Monthly Monthly Charge in Broadband Service Broadband Service Installation Charges Broadband Bundled Length of Broadband Service Competition Fixed Type of Broadband Speed Foreign Charge (in USD, PPP Modem Rental Promot-ional Country Offerings Name / Offerings (Connection) including Line part of Double Play/ Service Usage limit Broadband Provider's URL Provider Status Broadband Technology (download/ upload) Currency Foreign (Purchasing Power Charge Price Description (Community or Charge Rental/ Triple Play ? Contract Access Market* Currency) Parity) National Level) Leasing Charge Bigpond Cable Standard Double play/ full service Australia Telstra Bigpond Incumbent 48% Cable 8Mbps/128kbps Aus Dollar $29.95 $20.40 Self installation $15.75 12 months No 200 MB 200 MB phone http://www.bigpond.com/home Bigpond Cable Standard Double play/ full service Telstra Bigpond Incumbent Cable 8Mbps/128kbps Aus Dollar $39.95 $27.21 Self installation $15.75 12 months No 400 MB 400 MB phone Double play/ full service Telstra Bigpond Incumbent Bigpond Liberty 12 GB Cable 8Mbps/128kbps Aus Dollar $59.95 $40.84 Self installation $15.75 12 months No 12 GB phone Double play/ full service Telstra Bigpond Incumbent Bigpond Liberty 25 GB Cable 8Mbps/128kbps Aus Dollar $79.95 $54.46 Self installation $15.75 12 months No 25 GB phone Up to 30 Mbps in Bigpond Cable Extreme Sydney and Melbourne Double play/ full service Telstra Bigpond Incumbent Cable Aus Dollar $39.95 $27.21 Self installation -
Issn 0856 – 8537 Directorate of Banking
ISSN 0856 – 8537 DIRECTORATE OF BANKING SUPERVISION ANNUAL REPORT 2017 21ST EDITION For any enquiries contact: Directorate of Banking Supervision Bank of Tanzania 2 Mirambo Street 11884 Dar Es Salaam TANZANIA Tel: +255 22 223 5482/3 Fax: +255 22 223 4194 Website: www.bot.go.tz TABLE OF CONTENTS ....................................................................................................... Page LIST OF CHARTS ........................................................................................................................... iv ABBREVIATIONS AND ACRONYMS ............................................................................................ v MESSAGE FROM THE GOVERNOR ........................................................................................... vi FOREWORD BY THE DIRECTOR OF BANKING SUPERVISION .............................................. vii CHAPTER ONE .............................................................................................................................. 1 OVERVIEW OF THE BANKING SECTOR .................................................................................... 1 1.1 Banking Institutions ................................................................................................................. 1 1.2 Branch Network ....................................................................................................................... 1 1.3 Agent Banking ........................................................................................................................ -
A Case of Akiba Commercial Bank John
Adoption of mobile banking services by micro, small and medium enterprises in Tanzania: A Case of Akiba Commercial Bank John Leon Masters of Business Administration University of Dar es Salaam, Business School, 2017 Despite benefits of mobile banking technological advancement, customers running SMEs have continued to use traditional banking services characterized by long queues, long distance traveling and time wasting that negatively affect time allocated for other economic activities. This study aimed to assess the adoption of mobile banking services by SMEs in Tanzania using Akiba Commercial Bank as a case study. Out of 13 branches of Akiba Commercial Bank located in Dar es Salaam, 6 of them were selected randomly, where a random sample of 18 bank staff and 180 bank customers running SMEs in the respective branches were also selected to represent the study population. Questionnaires were administered to the randomly selected customers and purposive selected staff. It was found that, out of the interviewed 180 customers running SMEs at Akiba Commercial Bank, the majority of them (57.8%) had a positive perception on the use of the services. Out of them, 74.4% were aware of the existence of various mobile banking services, 17.8% of them were registered with mobile banking services but only 3.9% of the SMEs were using such services. Perceived risks of the banking services was a major reason (84.4%) for the non-use of the mobile banking services, followed by network problems (69.4%), transaction costs (49.7%), perceived complexity in using the services (43.9%), poor skills and knowledge in using the services (27.7%) and poor customer care of the bank (20.8%).Despite the fact that the majority of SMEs had a positive perception on the use of mobile banking services, the level of adoption of the services was very low. -
Dollarization in Tanzania
Working paper Dollarization in Tanzania Empirical Evidence and Cross-Country Experience Panteleo Kessy April 2011 Dollarization in Tanzania: Empirical Evidence and Cross-Country Experience Abstract The use of U.S dollar as unit of account, medium of exchange and store of value in Tanzania has raised concerns among policy makers and the general public. This paper attempts to shed some light on the key stylized facts of dollarization in Tanzania and the EAC region. We show that compared to other EAC countries, financial dollarization in Tanzania is high, but steadily declining. We also present some evidence of creeping transaction dollarization particularly in the education sector, apartment rentals in some parts of major cities and a few imported consumer goods such as laptops and pay TV services. An empirical analysis of the determinants of financial dollarization is provided for the period 2001 to 2009. Based on the findings and drawing from the experience of other countries around the world, we propose some policy measures to deal with prevalence of dollarization in the country. Acknowledgment: I am thankful to the IGC and the Bank of Tanzania for facilitating work on this paper. I am particularly grateful to Christopher Adam and Steve O’Connell for valuable discussions and comments on the first draft of this paper. However, the views expressed in this paper are solely my own and do not necessarily reflect the official views of any institution with which I’m affiliated. 2 Dollarization in Tanzania: Empirical Evidence and Cross-Country Experience 1. Introduction One of the most notable effects of the recent financial sector liberalization in Tanzania is the increased use of foreign currency (notably the U.S dollar) as a way of holding wealth and a means of transaction for goods and services by the domestic residents. -
At Arusha Commercial Case No 3 of 2019 Crdb
IN THE HIGH COURT OF TANZANIA (COMMERCIAL DIVISION) AT ARUSHA COMMERCIAL CASE NO 3 OF 2019 CRDB BANK PLC.......................................................... PLAINTIFF Vs LAZARO SAMWEL NYALANDU................................... DEFENDANT RULING B.K. PHILLIP, 3 This ruling is in respect of the points of preliminary objection to wit; i. That, the suit is bad in law as it contravenes Order VII, Rule 1 (c) of the Civil Procedure Code, Chapter 33 R.E. 2019. ii. That the suit is bad in law as it contravenes Order VII, Rule 1 (c) of the Civil Procedure Code, Chapter 33 R.E. 2019 as amended by G.N No. 381 of 2019. iii. That, the suit is bad in law as it contravenes section 18 (a), (b)and (c) of the Civil Procedure Code, Chapter 33, R.E. 2019 The plaint reveals that this case emanates from a loan facility agreement signed between the parties herein, whereby the plaintiff granted to the defendant a loan to a tune of TZS 400,000,000/= The defendant offered his property located at Plot No. 9 & 10 Block "B", with CT No. 58063, LO No. 635518, Gomba Area, in Arumeru District, Arusha Region as security i for the loan. It is alleged in the plaint that the plaintiff defaulted the repayment of the loan. In this case the plaintiff prays for judgment and decree against the defendant as follows; i. An order for payment of the sum of Tshs. 304,795,267/= to the plaintiff by the defendant. ii. An order for payment of interest on the principal sum in prayers (i) above at the contractual rate of 14.5% from 16th August, 2019 to the date of Judgement. -
"Rural Transformation in Postsocialist Tanzania: Toward an Institutional
Embedded Institutions and Rural Transformation in Tanzania: Privatizing Rural Property and Markets1 Paper Prepared for the Fourth Meeting of the Africa Task Force, Initiative for Policy Dialogue (Columbia University), Pretoria, South Africa 9,10 July, 2009 Howard Stein and Kelly Askew The University of Michigan [email protected] [email protected] Numerous studies have focused on the nature and transformation of former socialist regimes in Eastern Europe and their impact on existing institutional arrangements. Little attention, however, has been paid to formerly socialist states in Africa. Our paper seeks to address this gap by investigating how institutions have been affected by reform and in turn how they have affected the patterns of rural transformation. Institutionalist theory includes consideration of what happens when existing habits of thought are no longer capable of coordinating economic activity, due to a shift in the rules, organizations, or erosion in capacities—a situation termed ‘institutional hiatus’. The end of socialist patterns of production and distribution in Tanzania, as in the former Soviet bloc countries, can be understood in terms of institutional hiatus and carefully examined for the development of new attitudes, new incentives, and new behavioral practices. Unlike the typical neo-liberal view that dichotomizes socialism and reform, we posit an approach that recognizes that the reform outcome is greatly shaped by the character of previous institutions. While our research focused on a number of important elements -
Economic Growth That Tanzania Has Since Enjoyed
Public Disclosure Authorized Raising the Bar TANZANIA ECONOMIC UPDATE Achieving Tanzania’s Public Disclosure Authorized Development Vision FEBRUARY 2021 ISSUE 15 Public Disclosure Authorized Public Disclosure Authorized THE WORLD BANK GROUP | EAST AFRICA REGION THE WORLD BANK GROUP | EAST MACROECONOMICS, TRADE AND INVESTMENT PRACTICE GLOBAL All pictures are provided courtesy of TrueVision Productions/World Bank except for the photo on the cover and page 54 (by Sergi Ferrete on Unsplash). The giraffe is Tanzania’s national symbol and, as such, it is protected by law. The giraffe is a graceful animal whose long neck represents the ability to be visionary while still viewing the past and present. The giraffe reminds Tanzanians to increase their understanding by viewing life from all angles. the Bar Raising THE WORLD BANK GROUP | EAST AFRICA REGION Vision Development Tanzania’s Achieving MACROECONOMICS, TRADE AND INVESTMENT GLOBAL PRACTICE TANZANIA ECONOMIC UPDATE | FEBRUARY 2021 | ISSUE 15 | FEBRUARY ECONOMIC UPDATE TANZANIA DEDICATION PROFESSOR BENNO NDULU 1950-2021 It is with heavy hearts that we dedicate this Tanzania Economic Update to the lasting legacy of Professor Benno Ndulu. Many World Bank Group staff had the special privilege to interact with Professor Ndulu–or just ‘Benno’ as he was known to many of us–either while working at the World Bank, or the Bank of Tanzania, or in the many international development activities he was so highly devoted to. A powerhouse in development economics and a remarkable leader with unwavering commitment to the socio-economic transformation of Tanzania, Benno was always at the heart of our work in Africa. This was all thanks to his affability, humility, and immense generosity to share his time and knowledge with others. -
Airtel Africa Plc Results for the Nine-Month Period Ended 31 December 2020 29 January 2021
Airtel Africa plc Results for the nine-month period ended 31 December 2020 29 January 2021 Another quarter of double-digit growth, with continued improvement in revenue growth and EBITDA profitability Highlights • Reported revenue increased by 13.8% to $2,870m with Q3’21 reported revenue growth of 19.5%. • Constant currency underlying revenue growth was 18.6%, with Q3’21 growth of 22.8%. Growth for the nine months was recorded across all regions: Nigeria up 21.6%, East Africa up 23.4% and Francophone Africa up 8.0%; and across all services, with voice revenue up 10.4%, data up 31.1% and mobile money up 34.2%. • Underlying EBITDA for the nine months was $1,297m, up 16% in reported currency while constant currency underlying EBITDA growth was 22.5%. • Underlying EBITDA margin for the nine months was 45.5%, up by 118 bps (up 144 bps in constant currency). Q3’21 underlying EBITDA margin was 46.9%. • Operating profit increased by 21.8% to $800m in reported currency, and by 29.9% in constant currency. • Free cash flow was $466m, up 20% compared to the same period last year. • Basic EPS was 5.5 cents, down 36.5%, largely due to prior year exceptional items and a one-off derivative gain. Excluding these, basic EPS rose by 19.8%. EPS before exceptional items was 5.0 cents. • Customer base up 11.0% to 118.9 million, with increased penetration across mobile data (customer base up 23.5%) and mobile money services (customer base up 29.0%). -
Notes to Consolidated Financial Statements 40. Companies
Digital for all Notes to consolidated financial statements 40. Companies in the Group, Joint Ventures and Associates The Group conducts its business through Bharti Airtel and its directly and indirectly held subsidiaries, joint ventures and associates. Information about the composition of the Group is as follows:- S. No. Principal Activity Principal place of operation / Number of wholly-owned country of incorporation subsidiaries As of As of March 31, 2015 March 31, 2014 1 Telecommunication services Africa 10 10 2 Telecommunication services India 4 3 3 Telecommunication services South Asia 2 2 4 Telecommunication services Other 7 7 5 Mobile commerce services Africa 17 17 6 Mobile commerce services India 1 1 7 Infrastructure services Africa 9 10 8 Infrastructure services South Asia 2 2 9 Investment company Africa 3 3 10 Investment company Netherlands 25 27 11 Investment company Mauritius 6 6 12 Investment company Other 2 2 13 Direct to Home services Africa 3 5 14 Submarine cable system Mauritius 1 1 15 Holding, finance services and Netherlands 1 1 management services 16 Other India 1 1 94 98 S. No. Principal Activity Principal place of operation / Number of Non-wholly-owned country of incorporation subsidiaries As of As of March 31, 2015 March 31, 2014 1 Telecommunication services Africa 9 9 2 Telecommunication services India 1 1 3 Infrastructure services India 2 2 4 Infrastructure services Africa 7 7 5 Direct to Home services India 1 1 20 20 266 Annual Report 2014-15 Corporate OverviewStatutory Reports FINANCIAL Financial Statements STATEMENTS Bharti Airtel Limited Notes to consolidated financial statements Additionally the Group also controls the trusts as mentioned in Note 40(b) below. -
The United Republic of Tanzania the Economic Survey
THE UNITED REPUBLIC OF TANZANIA THE ECONOMIC SURVEY 2017 Produced by: Ministry of Finance and Planning DODOMA-TANZANIA July, 2018 Table of Contents ABBREVIATIONS AND ACRONYMS ......................................... xiii- xvii CHAPTER 1 ................................................................................................. 1 THE DOMESTIC ECONOMY .................................................................... 1 GDP Growth ............................................................................................. 1 Price Trends .............................................................................................. 7 Capital Formation ................................................................................... 35 CHAPTER 2 ............................................................................................... 37 MONEY AND FINANCIAL INSTITUTIONS ......................................... 37 Money Supply ......................................................................................... 37 The Trend of Credit to Central Government and Private Sector ............ 37 Banking Services .................................................................................... 38 Capital Markets and Securities Development ......................................... 37 Social Security Regulatory Authority (SSRA) ....................................... 39 National Social Security Fund (NSSF) ................................................... 40 GEPF Retirement Benefits Fund ........................................................... -
NMB Bank – Bridging the Unbanked
Savings at the Frontier (SatF) A Mastercard Foundation partnership with Oxford Policy Management Project Briefing: NMB Bank – Bridging the Unbanked Introduction Tanzania’s NMB Bank Plc (NMB) is receiving support of up to $1,000,000 from SatF to bring formal financial services to some of Tanzania’s most excluDeD communities. NMB has partnered with CARE International anD will use the funDing to Digitise anD scale up the Bank’s current efforts to reach savings groups in peri-urban and rural parts of Tanzania. The project’s aim is that, By 2020, NMB will be clearly on track to making group anD group memBer outreach sustainaBle By aDDing 100,000 active rural anD peri-urban customers to its user base. These customers should Be clearly iDentifiaBle as memBers of savings groups, thereBy contriButing to the Bank’s longer term goal of signing up 28,000 savings groups with up to 600,000 memBers actively using NMB accounts. What difference will SatF’s support make? SatF’s support is helping NMB to link its existing group proDuct (Pamoja) with ChapChap, an entry- level inDividual moBile Banking proDuct. This is enabling NMB to keep transaction charges low anD tailor its offer to the neeDs of rural, unBankeD customers – particularly women. The Bank will also Be testing the efficiency gains from integrating Pamoja (the group proDuct) anD CARE’s Chomoka smartphone application for savings groups (SGs). Chomoka enables groups to Digitise their recorDs anD track the savings anD creDit histories of groups anD their memBers. The funDing will also enaBle NMB to Develop anD test a tailoreD creDit proDuct suiteD to the emerging neeDs, revealeD preferences of group members as well as their willingness anD ability to meet financial commitments.