Abduel Elinaza

Dar es Salaam, Tanzania

Business Reporter at Daily News Tanzania

Romans 8:18 [KJ21] For I reckon that the sufferings of this present time are not worthy to be compared with the glory which shall be revealed in us.

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Articles

Tanzania : Dar es Salaam Stock Exchange December trading hits record volume

Jan 7, 2025 | african-markets.com | Abduel Elinaza

THE Dar es Salaam Stock Exchange (DSE) equity market has strongly ended the year with a total trading volume of 45.4bn/- while December being the highest monthly volume of the year. The trading volume surge was attributed to year-end sell-offs as investors sought to free up liquidity for seasonal expenses. December is traditionally seen as a festive month, with many, especially from Kilimanjaro, travelling home for family reunions and year-end celebrations.
DSE December trading hits record volume

Jan 7, 2025 | dailynews.co.tz | Abduel Elinaza

DAR ES SALAAM: THE Dar es Salaam Stock Exchange (DSE) equity market has strongly ended the year with a total trading volume of 45.4bn/- while December being the highest monthly volume of the year. The trading volume surge was attributed to year-end sell-offs as investors sought to free up liquidity for seasonal expenses. December is traditionally seen as a festive month, with many, especially from Kilimanjaro, travelling home for family reunions and year-end celebrations.
Julius Nyerere: Champion of African liberation and unity

Oct 14, 2024 | dailynews.co.tz | Abduel Elinaza

TANZANIA: MWALIMU Julius Nyerere devoted his life to the service of Tanzania and the broader African continent, driven by an unwavering vision of liberation and self determination. His relentless commitment stemmed from a profound desire to free nations from the grip of exploitation, ensuring that every country could stand sovereign and dignified. Nyerere’s legacy as a leader and advocate for social justice continues to inspire movements for freedom and equality across the globe.
Julius Nyerere: Champion of African liberation and unity

Oct 14, 2024 | htsyndication.com | Abduel Elinaza

Dar es Salaam, Oct. 14 -- TANZANIA: MWALIMU Julius Nyerere devoted his life to the service of Tanzania and the broader African continent, driven by an unwavering vision of liberation and self determination. His relentless commitment stemmed from a profound desire to free nations from the grip of exploitation, ensuring that every country could stand sovereign and dignified.
Analysts split on upcoming central bank rate decision

Oct 1, 2024 | dailynews.co.tz | Abduel Elinaza

AS the Bank of Tanzania (BoT) approaches a key interest rate announcement on Thursday, analysts are sharply divided on the likely outcome. Some experts believe the BoT will maintain its rate at 6.0 per cent for the third consecutive meeting, citing stable inflation and favourable macroeconomic conditions. They argue that holding steady will help safeguard economic stability amid rising import costs and a persistent trade deficit.
CRDB’s expansion marks milestone for Tanzanian banking

Sep 10, 2024 | dailynews.co.tz | Abduel Elinaza

DAR ES SALAAM: CRDB Bank’s recent expansion into the regional and international financial markets marks a significant turning point for Tanzania’s banking sector. The sector, traditionally dominated by Kenyan banks, shows the regional banking landscape has shifted with CRDB’s entry into Burundi and the Democratic Republic of Congo (DRC) and its plans to venture into Uganda, Comoros and Zambia, and now outside the continent.
CRDBs expansion marks milestone for Tanzanian banking

Sep 10, 2024 | htsyndication.com | Abduel Elinaza

Dar es Salaam, Sept. 10 -- DAR ES SALAAM: CRDB Banks recent expansion into the regional and international financial markets marks a significant turning point for Tanzanias banking sector. The sector, traditionally dominated by Kenyan banks, shows the regional banking landscape has shifted with CRDBs entry into Burundi and the Democratic Republic of Congo (DRC) and its plans to venture into Uganda, Comoros and Zambia, and now outside the continent.
Investors shift to equities as bond yields soar

Aug 27, 2024 | dailynews.co.tz | Abduel Elinaza

DAR ES SALAAM: Dar es Salaam Stock Exchange (DSE) investors are increasingly turning their attention towards equities, driven by a confluence of rising bond yields and promising fundamentals in the stock market. The transition from bonds to stocks has gained momentum, in recently weeks, painting an optimistic picture for equities in the near term.
How government tamed inflation

Jul 15, 2024 | dailynews.co.tz | Abduel Elinaza

TANZANIA: DESPITE inflation being brought under control and kept within target levels, understanding its impact continues to elude many ordinary citizens. Inflation, the rise in prices of goods and services over time, has been successfully managed to meet government targets. However, for the average person, comprehending its nuances remains a challenge. “The current efforts have ensured inflation remains within acceptable limits,” stated an economic expert from the Central Bank, Marwa Patrick.
Financial analysts back IMF proposal to improve CBR

Jul 9, 2024 | dailynews.co.tz | Abduel Elinaza

TANZANIA: FINANCIAL analysts are endorsing a series of recommendations put forth by the IMF aimed at refining the central bank rate (CBR). According to the latest staff country report from the International Monetary Fund (IMF), the Brenton Wood Institution suggests that the central bank should maintain liquidity conditions that align the 7-day interbank rate with the CBR within a corridor of +/- 200 basis points, based on liquidity forecasts.