tag:blogger.com,1999:blog-84771145736237053302024-03-19T01:48:16.203-07:00Dar es Salaam Stock Exchangedsetanzaniahttp://www.blogger.com/profile/13313489633751759708noreply@blogger.comBlogger99125tag:blogger.com,1999:blog-8477114573623705330.post-3089023272378820272015-07-02T07:26:00.003-07:002015-07-02T07:29:14.479-07:00TBL MANAGING DIRECTOR'S STATEMENT ON THE COMPANY'S FINANCIAL RESULTS (MARCH, 2015)<div class="separator" style="clear: both; text-align: center;">
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<strong style="background-color: white; box-sizing: border-box; color: #333333; font-family: 'Helvetica Neue', Helvetica, Arial, sans-serif; font-size: 14px; line-height: 22.2222232818604px;">Company Profile</strong><br />
<span style="background-color: white; color: #333333; font-family: 'Helvetica Neue', Helvetica, Arial, sans-serif; font-size: 14px; line-height: 22.2222232818604px;">Tanzania Breweries Limited (TBL), a subsidiary of SABMiller, manufactures, sells and distributes clear beer, alcoholic fruit beverages and non-alcoholic beverages within Tanzania. TBL as a major player in the beverage sector is committed to the export of its products to niche and neighboring markets under the East Africa common market trading arrangement.TBL has controlling interest in Tanzania Distilleries</span><br />
<span style="background-color: white; color: #333333; font-family: 'Helvetica Neue', Helvetica, Arial, sans-serif; font-size: 14px; line-height: 22.2222232818604px;">Limited and Darbrew Limited. TBL’s most popular clear beer brands include Safari Lager, Kilimanjaro Premium Lager, Ndovu Special Malt, Castle Lager and Castle Lite. Other prominent brands associated with the TBL group are Konyagi Gin, Amarula Cream and Redds Premium Cold. The TBL group is listed onthe Dar es Salaam Stock Exchange, employs 1,868 people and is represented throughout the country with four clear beer breweries, a distillery, an opaque business, a malting facility and 10 distribution depots.</span><br />
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<strong style="background-color: white; box-sizing: border-box; color: #333333; font-family: 'Helvetica Neue', Helvetica, Arial, sans-serif; font-size: 14px; line-height: 22.2222232818604px;">Overview of SABMiller</strong><br />
<span style="background-color: white; color: #333333; font-family: 'Helvetica Neue', Helvetica, Arial, sans-serif; font-size: 14px; line-height: 22.2222232818604px;">SABMiller is one of the world’s largest brewers with brewing interest or distribution agreements in over 60 countries across six continents. The group brands include premium international brands such as Miller Genuine Draft, Peroni Nastro Azzurro, Grolsch, Fosters and Pilsner Urquell, as well as an exceptional range of market leading local brands. SABMiller is listed on the London and Johannesburg stock Exchanges.</span><br />
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<strong style="background-color: white; box-sizing: border-box; color: #333333; font-family: 'Helvetica Neue', Helvetica, Arial, sans-serif; font-size: 14px; line-height: 22.2222232818604px;">Financial Review</strong><br />
<span style="background-color: white; color: #333333; font-family: 'Helvetica Neue', Helvetica, Arial, sans-serif; font-size: 14px; line-height: 22.2222232818604px;">The Tanzania Breweries Limited Group of Companies (TBL) has delivered another sound set of results despite extremely challenging market conditions for the year ended 31st March 2015. Annual lager volumes were 6.5% down on prior year mainly as a result of above-inflation price adjustment following the 20% increase in excise. This was further exacerbated by challenging economic conditions especially in the Northwest and Far South regions. Wines and Spirits volumes were 36% above prior year with outstanding performance from brands like Konyagi, Vladmir and Zanzi Cream. Volumes for opaque beer were in line with prior year.</span><br />
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<span style="background-color: white; color: #333333; font-family: 'Helvetica Neue', Helvetica, Arial, sans-serif; font-size: 14px; line-height: 22.2222232818604px;">Sales revenue growth of 10% over prior was driven by the favourable mix and the excise driven price increase.</span><br />
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<span style="background-color: white; color: #333333; font-family: 'Helvetica Neue', Helvetica, Arial, sans-serif; font-size: 14px; line-height: 22.2222232818604px;">Operating profit ended the period 7% ahead of prior year mainly due to production efficiencies as well as cost savings. The Tanzanian Shilling has come under pressure and depreciated by 14% against the US dollar year to date. This continued to put additional pressure on the cost of imported production materials.</span><br />
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Total cash generated from operations amounted to Tsh 365 billion, of which Tsh 95 billion wasutilised to pay corporate tax, while the remaining amount funded capital expenditure, repayment of bank borrowings, interest expenses. Dividends of Tsh 152 billion were paid to shareholders. The growth in earnings was achieved largely as a result of favourable mix, improved efficiencies as well as focused cost management whilst operating in an extremely challenging environment. I would like to thank the Board, management and employees for their efforts and continued support as well as our customers, consumers and all stakeholders for their loyalty.</div>
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Roberto Jarrin<br />
<strong style="box-sizing: border-box;">Managing Director<br style="box-sizing: border-box;" /> </strong><br />
TBL financial results for the year ending March -2015 can be obtained through the link below</div>
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<span style="color: #333333; font-family: Helvetica Neue, Helvetica, Arial, sans-serif;"><span style="font-size: 14px; line-height: 22.2222232818604px;">http://dse.co.tz/sites/default/files/dsefiles/TBL%20F15%20Financial%20Results%20Press%20Release.pdf</span></span></div>
dsetanzaniahttp://www.blogger.com/profile/13313489633751759708noreply@blogger.com9tag:blogger.com,1999:blog-8477114573623705330.post-46957891747372876192015-07-02T07:25:00.003-07:002015-07-02T07:25:42.405-07:00CEO’s QUALTERLY NOTE (Q2, 2015)<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEicvEE-dA0TlO2odY1diRt8JUFDJL0QGL7fh5bxkvOGyiE6PoEKBd5GBcoDV7yGUbiCqdvM6mQZU3HNcs5F-Yf3clmoJCKELACznyM89BwZGOVSXV9Ah2T-zqKj8ojJInX5GtxN76Sj87k/s1600/daressalaamSE_logo.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEicvEE-dA0TlO2odY1diRt8JUFDJL0QGL7fh5bxkvOGyiE6PoEKBd5GBcoDV7yGUbiCqdvM6mQZU3HNcs5F-Yf3clmoJCKELACznyM89BwZGOVSXV9Ah2T-zqKj8ojJInX5GtxN76Sj87k/s1600/daressalaamSE_logo.png" /></a></div>
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<strong style="box-sizing: border-box;">CEO’s QUALTERLY NOTE (Q2, 2015)</strong></div>
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<span style="line-height: 22.2222232818604px; text-align: justify;">DSE recorded a decent Q2 performance, albeit with mixed outcomes – total market capitalization and DSE Index recorded a growth of 5 percent, from TZS 22.7 trillion at the close of1</span><span style="box-sizing: border-box; font-size: 10.5px; line-height: 0; position: relative; text-align: justify; top: -0.5em; vertical-align: baseline;">st</span><span style="line-height: 22.2222232818604px; text-align: justify;"> </span><span style="line-height: 22.2222232818604px; text-align: justify;">Quarter (Q1) of 2015 to TZS 23.9 trillion as of 30</span><span style="box-sizing: border-box; font-size: 10.5px; line-height: 0; position: relative; text-align: justify; top: -0.5em; vertical-align: baseline;">th</span><span style="line-height: 22.2222232818604px; text-align: justify;"> </span><span style="line-height: 22.2222232818604px; text-align: justify;">June 2015 while domestic market capitalization and indices decreased by 3 percent. The domestic market capitalization decreased from TZS 10.2 trillion as of 31</span><span style="box-sizing: border-box; font-size: 10.5px; line-height: 0; position: relative; text-align: justify; top: -0.5em; vertical-align: baseline;">st</span><span style="line-height: 22.2222232818604px; text-align: justify;"> </span><span style="line-height: 22.2222232818604px; text-align: justify;">March 2015 to TZS 9.9 trillion as of end of Q2, 2015 – this is a reverse to a similar situation in Q1 of 2015 versus Q4 of 2014.</span></div>
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Notably, our activities were partly affected by the depreciation of shilling compared to US dollar – this had a negative impact on investors’ returns (as measured in US$). As a result, foreign investors’ activities reduced from 91 percent to 86 percent on the buy-side and from 77 percent to 41 percent on the sell-side from previous quarter to this quarter respectively.</div>
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On a positive note -- liquidity (turnover) increased from TZS 278 billion Q1, 2015 to TZS 285 billion during this quarter. On annualized basis, our liquidity ratio is now at 9 percent – this liquidity level is more than 5 times in previous history.</div>
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Valuations have decreased slightly during the quarter, and valuations matters! -- if we compare our present weighted market valuations versus earlier periods, today, our market valuations on Price/Earning Ratio-basis are slightly cheaper. However, they are still slightly expensive on price/book value and dividend yields. Our market PER, decreased from the trailing weighted average ratio of 17.98 times as of end of March 2015 to trailing PE ratio of 17.31 times during the quarter – a 3 percent decrease. Weighted average Price/book value is now at 4.6 times compared to 4.3 times previous quarter. Similarly, weighted average dividend yield is now at 3.1 percent versus 3.0 percent in earlier period.</div>
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As for the bonds market segment – there was a significant decrease in turnover during the quarter: bonds trading turnover was TZS 75 billion (on cost basis) versus TZS 136 billion in the previous quarter.</div>
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During Q3, 2015, we expect at least three listings: Mwalimu Commercial Bank, PTA Bank (for corporate bonds) and YETU Microfinance.</div>
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Our top priorities during the coming quarter includes: is to introduce mobile and internet trading in our platform, encourage more listings, public education and awareness, integrating and synchronizing our Central Securities Depository (CSD) to that of Bank of Tanzania for government bonds trading. Our demutualization process is now at the advanced stage, we expect IPO and self-listing by end of Q1, 2016. This initiative aims at enhancing our governance structure, provide DSE with efficient financing options for its future growth and also increase DSE’s capability to respond effectively on current and future market needs.</div>
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dsetanzaniahttp://www.blogger.com/profile/13313489633751759708noreply@blogger.com1tag:blogger.com,1999:blog-8477114573623705330.post-65597993046679560772015-07-02T07:24:00.003-07:002015-07-02T07:24:59.149-07:00EXPRESSION OF INTEREST FOR PROVISION OF CONSULTANCY SERVICES FOR THE DAR ES SALAAM STOCK EXCHANGE PLC INITIAL PUBLIC OFFERING (IPO) AND SELF-LISTING<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEicvEE-dA0TlO2odY1diRt8JUFDJL0QGL7fh5bxkvOGyiE6PoEKBd5GBcoDV7yGUbiCqdvM6mQZU3HNcs5F-Yf3clmoJCKELACznyM89BwZGOVSXV9Ah2T-zqKj8ojJInX5GtxN76Sj87k/s1600/daressalaamSE_logo.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEicvEE-dA0TlO2odY1diRt8JUFDJL0QGL7fh5bxkvOGyiE6PoEKBd5GBcoDV7yGUbiCqdvM6mQZU3HNcs5F-Yf3clmoJCKELACznyM89BwZGOVSXV9Ah2T-zqKj8ojJInX5GtxN76Sj87k/s1600/daressalaamSE_logo.png" /></a></div>
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The Dar es Salaam Stock Exchange (DSE) previously a mutual company limited by guarantee started its operations in 1998. DSE has 21 listed companies whose total market capitalization is TZS 24.5 trillion, it also has listed corporate and government bonds worth TZS 4 trillion.<br style="box-sizing: border-box;" />The DSE has recently changed its formation and name from a mutual company limited by guarantee to a public limited company limited by shares and from Dar es Salaam Stock Exchange Limited to Dar es Salaam Stock Exchange Public Limited Company.<br style="box-sizing: border-box;" />The objective of these changes is to enhance DSE’s operational, financial and governance structures and capabilities so as it can efficiently execute its mandates in line with DSE strategic objective: i.e. to be the focal point for long-term capital raising by private enterprises and public sector within the economy via provision of efficiency infrastructure, systems and listing platform for multi-financial products.<br style="box-sizing: border-box;" />In line with the above, the DSE intends to offer its shares for subscription by the public through the Initial Public Offering (IPO) and self-list into the Exchange.<br style="box-sizing: border-box;" />This is therefore an invitation for Expression of Interest (EOI) by eligible firms to provide the following consultancy services:</div>
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<li style="box-sizing: border-box;">Lead Transaction Advisor;</li>
<li style="box-sizing: border-box;">Co-Sponsoring Stockbrokers;</li>
<li style="box-sizing: border-box;">Legal Advisor;</li>
<li style="box-sizing: border-box;">Reporting Accountant;</li>
<li style="box-sizing: border-box;">Public Relation Firm; and</li>
<li style="box-sizing: border-box;">Lead Receiving/Collecting Bank.</li>
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Interested firms must provide information indicating that they are qualified to perform the services by submitting firm’s profile, description of similar assignments, experience in similar conditions and availability of appropriate skilled staff. Firms may associate to enhance their qualifications.<br style="box-sizing: border-box;" />Selection of firms that will be invited for submission of proposals will be on <strong style="box-sizing: border-box;">quality bases</strong>.<br style="box-sizing: border-box;" />Interested eligible firms may obtain further information from the DSE offices, Golden Jubilee Towers, 14<span style="box-sizing: border-box; font-size: 10.5px; line-height: 0; position: relative; top: -0.5em; vertical-align: baseline;">th</span>Floor, PSPF Building, Ohio Street, P.O Box 70081 Dar es Salaam. Telephone: +255 22 2128983; Fax: +255 22 2133849; email: <a href="mailto:info@dse.co.tz" style="background: transparent; box-sizing: border-box; color: #428bca; text-decoration: none;">info@dse.co.tz</a> from 9.00 a.m to 5.00 p.m on Monday to Friday.<br style="box-sizing: border-box;" />One original and three copies of written EOIs must be delivered in a sealed envelope, addressed to the CEO, Dar es Salaam Stock Exchange and must be hand-delivered on or before 2.00 p.m on 21<span style="box-sizing: border-box; font-size: 10.5px; line-height: 0; position: relative; top: -0.5em; vertical-align: baseline;">th</span> July 2015.<br style="box-sizing: border-box;" />Late EOI shall not be accepted for evaluation irrespective of the circumstances.</div>
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<strong style="box-sizing: border-box;">CHIEF EXECUTIVE OFFICER</strong><br style="box-sizing: border-box;" /><strong style="box-sizing: border-box;">DAR ES SALAAM STOCK EXCHANGE</strong></div>
dsetanzaniahttp://www.blogger.com/profile/13313489633751759708noreply@blogger.com3tag:blogger.com,1999:blog-8477114573623705330.post-20680280162254728722015-06-17T07:09:00.002-07:002015-06-17T07:14:37.505-07:00NMB PAYS THE GOVERNMENT TZS 16.5 BILLION AS DIVIDEND<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhB0WMY3Dj3whzTgpB6uJlRLDI71aU-kfteQ9RiB78j41tGjcUrTodI-wkp9_YuAno3cE6KAOWZmkMr7-uaSPAfPyaF9ZJaGGueXiSpzcXPvZp8SwUEDEbY_d9RT4ykAgxeGoE4K-Nwfc4/s1600/NMB+DIVIDEND.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="266" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhB0WMY3Dj3whzTgpB6uJlRLDI71aU-kfteQ9RiB78j41tGjcUrTodI-wkp9_YuAno3cE6KAOWZmkMr7-uaSPAfPyaF9ZJaGGueXiSpzcXPvZp8SwUEDEbY_d9RT4ykAgxeGoE4K-Nwfc4/s400/NMB+DIVIDEND.jpg" width="400" /></a></div>
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The NMB Managing Director - Ineke Bussemaker handing over a
dummy cheque of TZS 16.5 Billion to the minister of Finance - Saada Mkuya as
the government’s dividend from the bank after a net profit after tax of TZS
155.6 Billion in 2014. The board of directors then approved TZS 52 Billion as
dividend to shareholders. The government being the second largest shareholder
with 31% had a dividend of TZS 16.5 Billion. Looking on from left is the
Permanent Secretary of the Ministry of Finance - Dr Servacius Likwelile.<span style="color: #002060;"><o:p></o:p></span></div>
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dsetanzaniahttp://www.blogger.com/profile/13313489633751759708noreply@blogger.com55tag:blogger.com,1999:blog-8477114573623705330.post-28688972589658888572015-06-17T00:41:00.000-07:002015-06-17T00:41:03.689-07:00CRDB BANK PLC RIGHTS ISSUE OF 435,306,432 ORDINARY SHARES AT TZS. 350 PER SHARE (THE OFFER)<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhXZvahLQvVHbUs9oOjEhDjwtZhUgNlPTMRrX-leD0950CZDcGUguV09ppHrSanDdoveo934onP7oeVb0OwFbUQeFm2Tlpq-Zy8_uUmFK_Yu0bvFJIl9xS_xdGXxJ-h8DKbbcoUtGguPQE/s1600/CRDB.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="200" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhXZvahLQvVHbUs9oOjEhDjwtZhUgNlPTMRrX-leD0950CZDcGUguV09ppHrSanDdoveo934onP7oeVb0OwFbUQeFm2Tlpq-Zy8_uUmFK_Yu0bvFJIl9xS_xdGXxJ-h8DKbbcoUtGguPQE/s200/CRDB.jpg" width="198" /></a></div>
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Pursuant to the resolution for the Rights Issue which was passed at the Annual General Meeting (AGM) of CRDB Bank Plc. held on 9<span style="box-sizing: border-box; font-size: 10.5px; line-height: 0; position: relative; top: -0.5em; vertical-align: baseline;">th</span> May, 2015 and subsequent approvals by the regulators, the Directors of CRDB Bank Plc hereby announce the issuance of the Rights shares in the ratio of one (1) New Ordinary Share for every five (5) Ordinary Shares to the Shareholders who will be on the Bank’s Register of Members at the close of business on Thursday, 18<span style="box-sizing: border-box; font-size: 10.5px; line-height: 0; position: relative; top: -0.5em; vertical-align: baseline;">th</span> June 2015 (Record Date).<br style="box-sizing: border-box;" /> <br style="box-sizing: border-box;" />The Rights Issue is fully underwritten. </div>
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<strong style="box-sizing: border-box;">Timetable of Principal Events</strong><strong style="box-sizing: border-box;"> will be as follows:</strong></div>
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<tr style="box-sizing: border-box;"><td style="box-sizing: border-box; width: 342px;"><strong style="box-sizing: border-box;">Activity</strong></td><td style="box-sizing: border-box; width: 146px;"><strong style="box-sizing: border-box;">Time</strong></td></tr>
<tr style="box-sizing: border-box;"><td style="box-sizing: border-box; width: 342px;">Record Date (Cut-off Date)</td><td style="box-sizing: border-box; width: 146px;"><strong style="box-sizing: border-box;">18<span style="box-sizing: border-box; font-size: 10.5px; line-height: 0; position: relative; top: -0.5em; vertical-align: baseline;">th</span> June 2015</strong></td></tr>
<tr style="box-sizing: border-box;"><td style="box-sizing: border-box; width: 342px;">Distribution of IM and PALs to Eligible Shareholders</td><td style="box-sizing: border-box; width: 146px;"><strong style="box-sizing: border-box;">22<span style="box-sizing: border-box; font-size: 10.5px; line-height: 0; position: relative; top: -0.5em; vertical-align: baseline;">nd</span> June 2015</strong></td></tr>
<tr style="box-sizing: border-box;"><td style="box-sizing: border-box; height: 26px; width: 342px;">Commencement of the Rights Issue</td><td style="box-sizing: border-box; height: 26px; width: 146px;"><strong style="box-sizing: border-box;">26<span style="box-sizing: border-box; font-size: 10.5px; line-height: 0; position: relative; top: -0.5em; vertical-align: baseline;">th</span> June 2015</strong></td></tr>
<tr style="box-sizing: border-box;"><td style="box-sizing: border-box; width: 342px;">Closing Date</td><td style="box-sizing: border-box; width: 146px;"><strong style="box-sizing: border-box;">16<span style="box-sizing: border-box; font-size: 10.5px; line-height: 0; position: relative; top: -0.5em; vertical-align: baseline;">th</span> July 2015</strong></td></tr>
<tr style="box-sizing: border-box;"><td style="box-sizing: border-box; width: 342px;">Announcement of Offer Results</td><td style="box-sizing: border-box; width: 146px;"><strong style="box-sizing: border-box;">10<span style="box-sizing: border-box; font-size: 10.5px; line-height: 0; position: relative; top: -0.5em; vertical-align: baseline;">th</span> August 2015</strong></td></tr>
<tr style="box-sizing: border-box;"><td style="box-sizing: border-box; width: 342px;">Listing and Commencement of Trading at the DSE</td><td style="box-sizing: border-box; width: 146px;"><strong style="box-sizing: border-box;">14<span style="box-sizing: border-box; font-size: 10.5px; line-height: 0; position: relative; top: -0.5em; vertical-align: baseline;">th</span> August 2015</strong></td></tr>
</tbody></table>
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For more information Shareholders are advised to read the Information Memorandum and the Provisional Allotment Letter that will be posted to them. The Information Memorandum can be obtained from all CRDB Bank branches country wide, the Dar es Salaam Stock Exchange (DSE), Stock Brokers’ offices and can also be accessed through the Bank’s website, <a href="http://www.crdbbank.com/" style="background: transparent; box-sizing: border-box; color: #428bca; text-decoration: none;">www.crdbbank.com</a><br style="box-sizing: border-box;" /> <br style="box-sizing: border-box;" /> <br style="box-sizing: border-box;" /><strong style="box-sizing: border-box;">By Order of the Board</strong></div>
<div style="background-color: white; box-sizing: border-box; color: #333333; font-family: 'Helvetica Neue', Helvetica, Arial, sans-serif; font-size: 14px; line-height: 22.2222232818604px; margin-bottom: 10px;">
<strong style="box-sizing: border-box;">Company Secretary</strong><br style="box-sizing: border-box;" /><strong style="box-sizing: border-box;">12<span style="box-sizing: border-box; font-size: 10.5px; line-height: 0; position: relative; top: -0.5em; vertical-align: baseline;">th</span> June, 2015</strong></div>
dsetanzaniahttp://www.blogger.com/profile/13313489633751759708noreply@blogger.com4tag:blogger.com,1999:blog-8477114573623705330.post-1313170559164355092015-06-17T00:38:00.001-07:002015-06-17T00:40:02.446-07:00NOTICE OF THE 15th ANNUAL GENERAL MEETING OF THE MEMBERS OF NMB<div class="content" style="background-color: white; box-sizing: border-box; color: #333333; font-family: 'Helvetica Neue', Helvetica, Arial, sans-serif; font-size: 14px; line-height: 22.2222232818604px;">
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjnlm2Qp-xf9rJzmijLcfXNYIuossXXtDLomZ_L2eCMeJvAFleIyIc8FAxGdniuYJAPY4ye80ikPpv5eORLNa17rEGtjXW0dN3vKZKsC5RyPt43NsEqvNR6yu5V6NDSfnO4x43DVLurP00/s1600/nmb-logo.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="121" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjnlm2Qp-xf9rJzmijLcfXNYIuossXXtDLomZ_L2eCMeJvAFleIyIc8FAxGdniuYJAPY4ye80ikPpv5eORLNa17rEGtjXW0dN3vKZKsC5RyPt43NsEqvNR6yu5V6NDSfnO4x43DVLurP00/s200/nmb-logo.jpg" width="200" /></a></div>
<br />
<br />
<b>NOTICE OF THE 15th ANNUAL GENERAL MEETING OF THE MEMBERS OF</b><br />
<b>NATIONAL MICROFINANCE BANK (NMB) PLC</b></div>
<div style="box-sizing: border-box; margin-bottom: 10px;">
<div style="text-align: center;">
Notice is hereby given that the 15th Annual General Meeting of NMB shareholders will be held at the</div>
<div style="text-align: center;">
Julius Nyerere International Convention Centre in Dar es Salaam on Saturday, 6th June, 2015 at</div>
<div style="text-align: left;">
10.00 a.m. The agenda will be as follows:</div>
</div>
<div style="box-sizing: border-box; margin-bottom: 10px;">
15.1 NOTICE AND QUORUM<br />
15.2 ADOPTION OF THE AGENDA<br />
15.3 CONFIRMATION OF THE MINUTES OF THE 14TH ANNUAL GENERAL<br />
MEETING HELD ON 6TH JUNE 2014<br />
15.4 MATTERS ARISING FROM THE PREVIOUS MINUTES<br />
15.5 TO RECEIVE, CONSIDER AND ADOPT THE DIRECTORS’ REPORT AND<br />
AUDITED FINANCIAL STATEMENTS FOR YEAR ENDED 31st<br />
DECEMBER 2014<br />
15.6 DIVIDEND DECLARATION FOR THE FINANCIAL YEAR 2014<br />
15.7 TO RECEIVE AND APPROVE THE PROPOSAL FOR DIRECTORS’<br />
REMUNERATION<br />
15.8 RESIGNATION AND APPOINTMENT OF DIRECTORS<br />
15.9 TO RECEIVE AND APPROVE APPOINTMENT OF EXTERNAL<br />
AUDITORS FOR THE FINANCIAL YEAR 2015<br />
15.10 ANY OTHER BUSINESS</div>
<div style="box-sizing: border-box; margin-bottom: 10px;">
IMPORTANT NOTES:<br />
1. Members wishing to attend the meeting must come with one of the following: a copy of his/her<br />
depository receipt, passport, voters ID card, or bank card.</div>
<div style="box-sizing: border-box; margin-bottom: 10px;">
2. A member entitled to attend and vote at the meeting is entitled to appoint a proxy to attend and<br />
vote on his/her behalf in accordance with the provisions of the Articles of the Company. The proxy<br />
form must be deposited at the registered office of the company not later than 10.00 am Friday, 5th<br />
June 2015.</div>
<div style="box-sizing: border-box; margin-bottom: 10px;">
3. Members wishing to attend the meeting will have to attend at their own cost. Copies of annual<br />
report and proxy forms will be available in NMB branches.</div>
<div style="box-sizing: border-box; margin-bottom: 10px;">
4. Directors propose payment of a dividend of TZS 104 per share, amounting to TZS 52 billion out<br />
of 2014 profit. In 2013, a dividend of TZS 90 per share, amounting to TZS 45 billion was approved<br />
and paid.</div>
<div style="box-sizing: border-box; margin-bottom: 10px;">
Date of announcement of results: - 8th May 2015<br />
Shares trading cum div: - 8th May 2015<br />
Last day of trading cum-dividend: - 27th May 2015<br />
Shares start trading ex-div: - 28th May 2015<br />
Register Closing Date (Books Closure Date) - 1st June 2015<br />
Payment of dividend: - on or about 17th June 2015</div>
<div style="box-sizing: border-box; margin-bottom: 10px;">
By order of the Board.<br />
___________________<br />
Lilian R. Komwihangiro<br />
Company Secretary<br />
May 11th, 2015</div>
</div>
</div>
</div>
</div>
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dsetanzaniahttp://www.blogger.com/profile/13313489633751759708noreply@blogger.com1tag:blogger.com,1999:blog-8477114573623705330.post-44865521152816740492015-06-08T06:43:00.001-07:002015-06-08T06:43:13.879-07:00<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj_iufRt1QATrZbsFnk3Ei4m_hAb4TKlGJavYjzfJuidkUGh8-bzON1eeWlu3MLc7_Pk0azT7geLWly3Ux0Uc4orZ4BCT4762J-jgda6D5rEJPGP_-_-peKUCRtp37vQ9TPMiW-QlEF_w0/s1600/daressalaamSE_logo.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj_iufRt1QATrZbsFnk3Ei4m_hAb4TKlGJavYjzfJuidkUGh8-bzON1eeWlu3MLc7_Pk0azT7geLWly3Ux0Uc4orZ4BCT4762J-jgda6D5rEJPGP_-_-peKUCRtp37vQ9TPMiW-QlEF_w0/s1600/daressalaamSE_logo.png" /></a></div>
<strong style="color: #333333; font-family: sans-serif, Arial, Verdana, 'Trebuchet MS'; font-size: 13px; line-height: 20.7999992370605px;">CAREER OPPORTUNITY</strong><br style="color: #333333; font-family: sans-serif, Arial, Verdana, 'Trebuchet MS'; font-size: 13px; line-height: 20.7999992370605px;" /><span style="background-color: white; color: #333333; font-family: sans-serif, Arial, Verdana, 'Trebuchet MS'; font-size: 13px; line-height: 20.7999992370605px;">The Dar es Salaam Stock Exchange (DSE) is a company limited by guarantee. The role of the DSE in the economy is to facilitate mobilization of financial resources and direct them into productive sectors of the economy through the provision of an efficient securities trading, settlement, depository and registry platform. The DSE has three market segments: the Main Investment Market, the Enterprise Growth Market and Bonds Market. Currently, DSE has a total of 24 listed securities as well as government bonds. Its equity market capitalization is TZS 24 trillion, listed bonds worth TZS 4 trillion, average equity trading of TZS 500 billion and bonds trading of TZS 400 billion per annum.</span><br style="color: #333333; font-family: sans-serif, Arial, Verdana, 'Trebuchet MS'; font-size: 13px; line-height: 20.7999992370605px;" /><span style="background-color: white; color: #333333; font-family: sans-serif, Arial, Verdana, 'Trebuchet MS'; font-size: 13px; line-height: 20.7999992370605px;">In order to enhance its listing, trading and security and risk management activities, DSE is looking for three excellent candidates to fill the following positions:</span><br style="color: #333333; font-family: sans-serif, Arial, Verdana, 'Trebuchet MS'; font-size: 13px; line-height: 20.7999992370605px;" /><strong style="color: #333333; font-family: sans-serif, Arial, Verdana, 'Trebuchet MS'; font-size: 13px; line-height: 20.7999992370605px;">Senior Officer: Listing Sales and Marketing (Main Investment Market)</strong><br style="color: #333333; font-family: sans-serif, Arial, Verdana, 'Trebuchet MS'; font-size: 13px; line-height: 20.7999992370605px;" /><strong style="color: #333333; font-family: sans-serif, Arial, Verdana, 'Trebuchet MS'; font-size: 13px; line-height: 20.7999992370605px;">Qualifications:</strong><br style="color: #333333; font-family: sans-serif, Arial, Verdana, 'Trebuchet MS'; font-size: 13px; line-height: 20.7999992370605px;" /><span style="background-color: white; color: #333333; font-family: sans-serif, Arial, Verdana, 'Trebuchet MS'; font-size: 13px; line-height: 20.7999992370605px;">A holder of University degree in finance, economics, commerce or marketing with at least three years of experience at the same level in the Financial Markets PLUS a postgraduate degree in finance, economics, commerce or marketing.</span><br style="color: #333333; font-family: sans-serif, Arial, Verdana, 'Trebuchet MS'; font-size: 13px; line-height: 20.7999992370605px;" /><span style="background-color: white; color: #333333; font-family: sans-serif, Arial, Verdana, 'Trebuchet MS'; font-size: 13px; line-height: 20.7999992370605px;">Position holder will be responsible for listings sales and marketing of DSE for both equity and debt instruments in the DSE’s Main Investment Market segment.</span><br style="color: #333333; font-family: sans-serif, Arial, Verdana, 'Trebuchet MS'; font-size: 13px; line-height: 20.7999992370605px;" /><strong style="color: #333333; font-family: sans-serif, Arial, Verdana, 'Trebuchet MS'; font-size: 13px; line-height: 20.7999992370605px;">Duties and Responsibilities</strong><br />
<ul style="color: #333333; font-family: sans-serif, Arial, Verdana, 'Trebuchet MS'; font-size: 13px; line-height: 20.7999992370605px; padding: 0px 40px;">
<li>Conduct market surveys and analysis to identify potential companies for listing</li>
<li>Prepare periodic recommendation reports to management for appropriate decision making in relation to potential companies for listing on the DSE</li>
<li>Develop sales and marketing plans aiming at encouraging more listings into the DSE</li>
<li>Actively engage in all activities involved in widening the database of prospective issuers for Main Investment Market</li>
<li>Maintain an up-to-date database of companies with potential for listing into the DSE and their future plans</li>
<li>Handle enquiries by potential issuers of equity and bonds instruments</li>
<li>Undertake and review market studies in liaison with other DSE stakeholders in order to identify existing gaps that hinders listings on the DSE</li>
<li>Advise management on appropriate policies aiming at improving the number and quality of listings at the DSE’s Main Investment Market</li>
<li>Prepare and produce timely short, medium and long term listings market plans, as well as monitoring and evaluation tool for the same</li>
<li>Supervise all advertising campaigns and promotional activities undertaken with the objective of encouraging more listings on the DSE’s Main Investment Market</li>
</ul>
<ul style="color: #333333; font-family: sans-serif, Arial, Verdana, 'Trebuchet MS'; font-size: 13px; line-height: 20.7999992370605px; padding: 0px 40px;">
<li>Contribute and participate in DSE periodic and other publications.</li>
<li>Handle enquiries on research data or market statistics from both the DSE and other stakeholders, particularly those pertaining to listings in the Main Investment Market segment of the DSE.</li>
<li>Constantly engage with existing and potential listings, Licensed Dealing Members and Financial/Investment Advisers for capacity building and market development initiatives</li>
<li>Any other duties as may be assigned by management.</li>
</ul>
<span style="background-color: white; color: #333333; font-family: sans-serif, Arial, Verdana, 'Trebuchet MS'; font-size: 13px; line-height: 20.7999992370605px;"> </span><br style="color: #333333; font-family: sans-serif, Arial, Verdana, 'Trebuchet MS'; font-size: 13px; line-height: 20.7999992370605px;" /><strong style="color: #333333; font-family: sans-serif, Arial, Verdana, 'Trebuchet MS'; font-size: 13px; line-height: 20.7999992370605px;">Senior Officer: Listing Sales and Marketing (Enterprise Growth Market)</strong><br style="color: #333333; font-family: sans-serif, Arial, Verdana, 'Trebuchet MS'; font-size: 13px; line-height: 20.7999992370605px;" /><strong style="color: #333333; font-family: sans-serif, Arial, Verdana, 'Trebuchet MS'; font-size: 13px; line-height: 20.7999992370605px;">Qualifications:</strong><br style="color: #333333; font-family: sans-serif, Arial, Verdana, 'Trebuchet MS'; font-size: 13px; line-height: 20.7999992370605px;" /><span style="background-color: white; color: #333333; font-family: sans-serif, Arial, Verdana, 'Trebuchet MS'; font-size: 13px; line-height: 20.7999992370605px;">A holder of University degree in finance, commerce or economics with at least 3 years experience at the same level in Financial Markets, PLUS a postgraduate degree in finance, commerce, economics or marketing.</span><br style="color: #333333; font-family: sans-serif, Arial, Verdana, 'Trebuchet MS'; font-size: 13px; line-height: 20.7999992370605px;" /><span style="background-color: white; color: #333333; font-family: sans-serif, Arial, Verdana, 'Trebuchet MS'; font-size: 13px; line-height: 20.7999992370605px;">Position holder will be responsible for listings sales and marketing of DSE for both equity and debt instruments in the DSE’s Enterprise Growth Market segment.</span><br style="color: #333333; font-family: sans-serif, Arial, Verdana, 'Trebuchet MS'; font-size: 13px; line-height: 20.7999992370605px;" /><strong style="color: #333333; font-family: sans-serif, Arial, Verdana, 'Trebuchet MS'; font-size: 13px; line-height: 20.7999992370605px;">Duties and Responsibilities</strong><br />
<ul style="color: #333333; font-family: sans-serif, Arial, Verdana, 'Trebuchet MS'; font-size: 13px; line-height: 20.7999992370605px; padding: 0px 40px;">
<li>Undertake background analysis and initiate policies on matters related to improvements of the DSE’s listings in the Enterprise Growth Market segment.</li>
<li>Evaluate data from external bodies both industry wise and non-industry-wise and how they relate and affect SMEs’ listings on the DSE</li>
<li>Undertake market studies and assist in identifying a pipeline of listings and setting of targets for potential SMEs’ listings.</li>
<li>Actively engage in all activities involved in widening the database of prospective issuers for the Enterprise Growth Market</li>
<li>Prepare periodic reports to management for appropriate decision making.</li>
<li>Review research reports and submit to the supervisor for further action.</li>
<li>Ensure timely incorporation of all information pertaining to securities industry with relevance for SME’s listings in the EGM.</li>
<li>Develop marketing policy and plan of DSE’s EGM segment.</li>
<li>Develop effective issuers relations’ policies and procedures and ensure a healthy relationship with issuers.</li>
<li>Monitor progress on various sectors that affecting progress of SMEs and advice relevant course of action to be taken for better results.</li>
<li>Coordinate market surveys of EGM’s acceptance level.</li>
<li>Contribute and participate in DSE periodic and other publications.</li>
<li>Handle enquiries on research data or market statistics from both the DSE and other stakeholders, particularly those pertaining to SME’s and the EGM segment.</li>
<li>Constantly engage with existing and potential SMEs, Nominated Advisers and Financial/Investment Advisers for capacity building and market development initiatives</li>
<li>Any other duties as may be assigned by management.</li>
</ul>
<strong style="color: #333333; font-family: sans-serif, Arial, Verdana, 'Trebuchet MS'; font-size: 13px; line-height: 20.7999992370605px;">Position: Officer: Trading, ICT Security & Risks Management </strong><br style="color: #333333; font-family: sans-serif, Arial, Verdana, 'Trebuchet MS'; font-size: 13px; line-height: 20.7999992370605px;" /><strong style="color: #333333; font-family: sans-serif, Arial, Verdana, 'Trebuchet MS'; font-size: 13px; line-height: 20.7999992370605px;">Qualifications:</strong><br style="color: #333333; font-family: sans-serif, Arial, Verdana, 'Trebuchet MS'; font-size: 13px; line-height: 20.7999992370605px;" /><span style="background-color: white; color: #333333; font-family: sans-serif, Arial, Verdana, 'Trebuchet MS'; font-size: 13px; line-height: 20.7999992370605px;">Holder of University degree in Computer Science, Information Technology or its equivalent; PLUS Microsoft Certified Engineer qualification with at least 3 years experience in IT Security and Risk Management in the Financial Markets. Knowledge of network infrastructure and database applications is mandatory. A postgraduate degree in Business Administration is an added advantage.</span><br style="color: #333333; font-family: sans-serif, Arial, Verdana, 'Trebuchet MS'; font-size: 13px; line-height: 20.7999992370605px;" /><strong style="color: #333333; font-family: sans-serif, Arial, Verdana, 'Trebuchet MS'; font-size: 13px; line-height: 20.7999992370605px;">Duties and Responsibilities:</strong><br />
<ul style="color: #333333; font-family: sans-serif, Arial, Verdana, 'Trebuchet MS'; font-size: 13px; line-height: 20.7999992370605px; padding: 0px 40px;">
<li>Working with trading and risk management team to support DSE trading members and other key market participants</li>
<li>Develop and maintain a system for data control and coordination</li>
<li>Coordinate the system risk and security analysis and keep track of the system threats via access and trials</li>
<li>Keep track of system access audit trials</li>
<li>Participate in the implementation of the DSE’s disaster recovery and business continuity plans for information systems, and continuously test DRS readiness</li>
<li>Coordinate the information security and risk management compliance activities and continuously test its robustness</li>
<li>Proactively participate in implementing the organization's information security policies and procedures</li>
<li>Coordinate and monitor compliance with the organization's security policies and procedures among employees, contractors, and other third parties and to take corrective action</li>
<li>Manage information security incident response</li>
<li>Monitors internal control systems to ensure that appropriate information access levels and security clearances are maintained</li>
<li>Evaluate systems supplied by DSE different vendors; and</li>
<li>Any other duties as may be assigned by management.</li>
</ul>
<span style="background-color: white; color: #333333; font-family: sans-serif, Arial, Verdana, 'Trebuchet MS'; font-size: 13px; line-height: 20.7999992370605px;"> </span><br style="color: #333333; font-family: sans-serif, Arial, Verdana, 'Trebuchet MS'; font-size: 13px; line-height: 20.7999992370605px;" /><span style="background-color: white; color: #333333; font-family: sans-serif, Arial, Verdana, 'Trebuchet MS'; font-size: 13px; line-height: 20.7999992370605px;"> </span><br style="color: #333333; font-family: sans-serif, Arial, Verdana, 'Trebuchet MS'; font-size: 13px; line-height: 20.7999992370605px;" /><span style="background-color: white; color: #333333; font-family: sans-serif, Arial, Verdana, 'Trebuchet MS'; font-size: 13px; line-height: 20.7999992370605px;">Successful Candidates will be offered a good package based on the DSE’s salary scale and incentives.</span><br style="color: #333333; font-family: sans-serif, Arial, Verdana, 'Trebuchet MS'; font-size: 13px; line-height: 20.7999992370605px;" /><span style="background-color: white; color: #333333; font-family: sans-serif, Arial, Verdana, 'Trebuchet MS'; font-size: 13px; line-height: 20.7999992370605px;"> </span><br style="color: #333333; font-family: sans-serif, Arial, Verdana, 'Trebuchet MS'; font-size: 13px; line-height: 20.7999992370605px;" /><span style="background-color: white; color: #333333; font-family: sans-serif, Arial, Verdana, 'Trebuchet MS'; font-size: 13px; line-height: 20.7999992370605px;">Applications should be accompanied with full detailed Curriculum Vitae, Photocopies of Certificates and Letters from three referees in sealed envelopes.</span><br style="color: #333333; font-family: sans-serif, Arial, Verdana, 'Trebuchet MS'; font-size: 13px; line-height: 20.7999992370605px;" /><span style="background-color: white; color: #333333; font-family: sans-serif, Arial, Verdana, 'Trebuchet MS'; font-size: 13px; line-height: 20.7999992370605px;"> </span><br style="color: #333333; font-family: sans-serif, Arial, Verdana, 'Trebuchet MS'; font-size: 13px; line-height: 20.7999992370605px;" /><span style="background-color: white; color: #333333; font-family: sans-serif, Arial, Verdana, 'Trebuchet MS'; font-size: 13px; line-height: 20.7999992370605px;">Applications should reach the undersigned not later than </span><strong style="color: #333333; font-family: sans-serif, Arial, Verdana, 'Trebuchet MS'; font-size: 13px; line-height: 20.7999992370605px;">Friday 19<sup>th</sup> June 2015.</strong><br style="color: #333333; font-family: sans-serif, Arial, Verdana, 'Trebuchet MS'; font-size: 13px; line-height: 20.7999992370605px;" /><br />
<div class="rtecenter" style="color: #333333; font-family: sans-serif, Arial, Verdana, 'Trebuchet MS'; font-size: 13px; line-height: 20.7999992370605px; text-align: center;">
The Chief Executive Officer<br />Dar es Salaam Stock Exchange<br />14<sup>th</sup> Floor, Golden Jubilee Tower<br />Ohio Street<br />P.O Box 70081<br /><strong><u>Dar es Salaam.</u></strong></div>
dsetanzaniahttp://www.blogger.com/profile/13313489633751759708noreply@blogger.com0tag:blogger.com,1999:blog-8477114573623705330.post-38973056788292447212015-06-08T06:40:00.001-07:002015-06-08T06:40:25.252-07:00WEEKLY REPORT FROM DSE 05 06 2014<iframe allowfullscreen="" frameborder="0" height="270" src="https://www.youtube.com/embed/hzJuNP3Wky0" width="480"></iframe>dsetanzaniahttp://www.blogger.com/profile/13313489633751759708noreply@blogger.com3tag:blogger.com,1999:blog-8477114573623705330.post-24064564906485911002015-06-04T01:30:00.003-07:002015-06-04T01:31:08.892-07:00ACACIA:First Stoping Ore from Gokona Underground at North Mara<div class="rtecenter" style="background-color: white; box-sizing: border-box; color: #333333; font-family: 'Helvetica Neue', Helvetica, Arial, sans-serif; font-size: 14px; line-height: 20px; text-align: center;">
Acacia Mining plc<br />
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LSE:ACA</div>
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(“Acacia” or the “Company”)</div>
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First Stoping Ore from Gokona Underground at North Mara</div>
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<span style="color: #333333; font-family: Helvetica Neue, Helvetica, Arial, sans-serif;"><span style="font-size: 14px; line-height: 20px;">Acacia is pleased to announce that it has commenced stoping operations ahead of schedule at the</span></span><br />
<span style="color: #333333; font-family: Helvetica Neue, Helvetica, Arial, sans-serif;"><span style="font-size: 14px; line-height: 20px;">Gokona Underground project at North Mara, with the first ore having been delivered to the process</span></span><br />
<span style="color: #333333; font-family: Helvetica Neue, Helvetica, Arial, sans-serif;"><span style="font-size: 14px; line-height: 20px;">plant. The first stope has to date demonstrated the expected geotechnical characteristics and</span></span><br />
<span style="color: #333333; font-family: Helvetica Neue, Helvetica, Arial, sans-serif;"><span style="font-size: 14px; line-height: 20px;">delivered both grade and ore tonnes in line with the mine plan.</span></span><br />
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We continue to expect a progressive increase in tonnes from the project as it ramps up through the<br />
year and maintain our current expectations for production from the Gokona Underground for the<br />
full year.<br />
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Further details can be obtained through the link below</div>
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<span style="color: #333333; font-family: Helvetica Neue, Helvetica, Arial, sans-serif;"><span style="font-size: 14px; line-height: 20px;">http://dse.co.tz/sites/default/files/dsefiles/Fourth%20Quarter%202014%20Production%20Results%20Invite.pdf</span></span></div>
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dsetanzaniahttp://www.blogger.com/profile/13313489633751759708noreply@blogger.com4tag:blogger.com,1999:blog-8477114573623705330.post-45601460831273073582015-06-04T01:26:00.003-07:002015-06-04T01:26:37.221-07:00SWALA PRESS RELEASE<div style="background-color: white; box-sizing: border-box; color: #333333; font-family: 'Helvetica Neue', Helvetica, Arial, sans-serif; font-size: 14px; line-height: 20px; margin-bottom: 10px;">
<strong style="box-sizing: border-box;">SWALA FARMS OUT 25% OF LICENCE INTERESTS TO TATA PETRODYNE LIMITED</strong><br style="box-sizing: border-box;" />Swala Oil and Gas (Tanzania) Plc ("Swala" or "the Company") is pleased to announce that it has reached agreement with Tata Petrodyne Limited ("TPL"), a subsidiary of the multinational Tata Sons Limited, under which TPL shall farm into the Pangani and Kilosa-Kilombero licences in Tanzania. This allows Swala to remain committed to these licences and to secure funding for future exploration activities in a way that minimises the risk to its current shareholders.</div>
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Tata Sons Limited is the promoter of the major operating Tata companies and holds significant shareholdings in these companies, commonly referred to as the Tata Group. The Tata Group has a market capitalisation of approximately US$110 billion and represents over 8% of the total market capitalisation of the Bombay Stock Exchange.</div>
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In the oil and gas industry, a farm-out agreement is an agreement entered into by the owner of one or more licences (who ‘farms out’) and another company that wishes to acquire a percentage of ownership of that licence in exchange for providing services (and ‘farms in´). A farm-out agreement differs from a conventional transaction between two oil and gas lessees, because the primary consideration is the rendering of services, rather than the simple exchange of money.</div>
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<strong style="box-sizing: border-box;">The terms of the agreement with TPL:</strong><br style="box-sizing: border-box;" /> On receipt of governmental approvals for the transfer of interest TPL will pay Swala the sum of US$5.7 million for a 25% equity interest in the Kilosa-Kilombero licence and a 25% equity interest in the Pangani licence as consideration towards the past costs incurred on the licences;</div>
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TPL will free carry Swala through the costs of the initial well on the Kilosa-Kilombero licence, up to a maximum of US$2.5 million (Swala estimates the gross cost of the well to be US$10.0 million);</div>
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TPL will free carry Swala through the costs of the initial well on the Pangani licence, up to a maximum of US$2.125 million (Swala estimates the gross cost of the well to be US$8.5 million); and</div>
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TPL will pay Swala up to a further US$1.0 million towards the cost of a second well following a commercial discovery in the initial well on the Kilosa-Kilombero licence. Costs incurred above this sum shall be shared by the partners in proportion to their equity.</div>
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Further details can be obtained through the link below</div>
<div style="background-color: white; box-sizing: border-box; margin-bottom: 10px;">
<span style="color: #333333; font-family: Helvetica Neue, Helvetica, Arial, sans-serif;"><span style="font-size: 14px; line-height: 20px;">http://dse.co.tz/sites/default/files/dsefiles/Farm-in%20Press%20release%20SOGTL%20English.pdf</span></span></div>
dsetanzaniahttp://www.blogger.com/profile/13313489633751759708noreply@blogger.com4tag:blogger.com,1999:blog-8477114573623705330.post-80287373643148659012015-06-04T01:26:00.000-07:002015-06-04T01:26:12.029-07:00<div style="background-color: white; box-sizing: border-box; color: #333333; font-family: 'Helvetica Neue', Helvetica, Arial, sans-serif; font-size: 14px; line-height: 20px; margin-bottom: 10px;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjpLRpC5tdrBHiPU41lLiBbLu15ZCZP9KQ8-jvXDOaYLxP1GXx_XfDrJqz-Fhs29rVs_ifS2D73UYvYwkRQ-vvCl1r5xlhiS-bkNOuLiHeOai7kufCeDMILca81-E3Qsg-R8-N4EsoWtY0/s1600/CRDB.jpg" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" height="200" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjpLRpC5tdrBHiPU41lLiBbLu15ZCZP9KQ8-jvXDOaYLxP1GXx_XfDrJqz-Fhs29rVs_ifS2D73UYvYwkRQ-vvCl1r5xlhiS-bkNOuLiHeOai7kufCeDMILca81-E3Qsg-R8-N4EsoWtY0/s200/CRDB.jpg" width="198" /></a>The Board of Directors of CRDB Bank Plc is pleased to, subject to obtaining approval from the Annual General Meeting of shareholder to be held on May, 9<span style="box-sizing: border-box; font-size: 10.5px; line-height: 0; position: relative; top: -0.5em; vertical-align: baseline;">th </span>2015, Declare dividend of TZS 15 per issued and fully paid up share in line with the Bank’s dividend policy. Total of TZS 32.6 billion dividend will be paid out which is higher than the TZS 30.7 billion paid out in the year 2013 an increase of 7%. Earnings per share (EPS) is TZS 43.9, price earning ratio (P/E) is TZS 9.8 and dividend yield is 3.5%.</div>
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For further details can be obtained from the link below</div>
<div style="background-color: white; box-sizing: border-box; margin-bottom: 10px;">
<span style="color: #333333; font-family: Helvetica Neue, Helvetica, Arial, sans-serif;"><span style="font-size: 14px; line-height: 20px;">http://dse.co.tz/sites/default/files/dsefiles/CRDB%20Dividend%20Announcement.pdf</span></span></div>
dsetanzaniahttp://www.blogger.com/profile/13313489633751759708noreply@blogger.com3tag:blogger.com,1999:blog-8477114573623705330.post-26271860138736872492015-06-04T01:24:00.001-07:002015-06-04T01:24:30.594-07:00TCC PERFORMANCE (2014)<div style="background-color: white; box-sizing: border-box; color: #333333; font-family: 'Helvetica Neue', Helvetica, Arial, sans-serif; font-size: 14px; line-height: 20px; margin-bottom: 10px;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjHTtk1Oh9QOBL8MCJXBJwoXerYZOS0fzWN9EzIbNuMOe5ZkEQhs8cbYY0mi1a2Hykd4KW2Z6Rfk3GP-yJ_mZRSjT4OeJfRD5yRELW5fhvLg6BNjGDGVi-JkBh5-zGaLXKiItizSXzaMRQ/s1600/tanzania-cigarette-company.jpg" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" height="200" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjHTtk1Oh9QOBL8MCJXBJwoXerYZOS0fzWN9EzIbNuMOe5ZkEQhs8cbYY0mi1a2Hykd4KW2Z6Rfk3GP-yJ_mZRSjT4OeJfRD5yRELW5fhvLg6BNjGDGVi-JkBh5-zGaLXKiItizSXzaMRQ/s200/tanzania-cigarette-company.jpg" width="200" /></a><strong style="box-sizing: border-box;">Performance for the year</strong><br style="box-sizing: border-box;" />Despite a tough domestic economic environment and highly competitive export markets, gross turnover increased from<br style="box-sizing: border-box;" />TZS 445.6 billion in 2013 to TZS 461.7 billion in 2014 or 3.6% up on prior year. However, the 25% excise tax increase in July 2014 drove up prices of our products to unaffordable levels, fuelled further consumer down-trading, increased illicit trade and negatively impacted profitability. The company recorded a profit before tax of TZS 98.3 billion in 2014 compared to TZS 112.1 billion in 2013, equivalent to a 12% decrease over the previous year. Net profit decreased by 12% to TZS 68.6 billion in 2014 from TZS 78.1 billion in 2013.</div>
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The company’s business fundamentals remained sound in 2014 with strong liquidity evidenced by cash and cash equivalent of TZS 55.2 billion (2013: TZS 41.8 billion). The Company has no external interest bearing debt. All operations are funded through operating cash flows. During 2014 an additional TZS 9.5 billion (2013: TZS 20.3 billion) was invested in product quality, production capacity and sales distribution infrastructure. Investment in net working capital excluding cash resources of TZS 42.4 billion was TZS 9.8 billion down on prior year (2013: TZS 52.2 billion) as a result of resource optimization initiatives in 2014.</div>
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<strong style="box-sizing: border-box;">Tax compliance and rewards</strong><br style="box-sizing: border-box;" />The company was fully tax compliant in 2014. The company was recognized and awarded several certificates of compliance by the Tanzanian Revenue Authority (TRA) as 3rd overall winner of the Most Compliant Corporate Taxpayer at the national level at the 8th Taxpayer’s Day held on 21st November 2014.</div>
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<strong style="box-sizing: border-box;">Dividend</strong><br style="box-sizing: border-box;" />During the year, the directors declared for 2013, a final ordinary gross dividend of TZS 20 billion or TZS 200 per share (2013:TZS 20 billion or TZS 200 per share) and a special gross dividend of TZS 25 billion or TZS 250 per share (2013: TZS 25 billion or TZS 250 per share). Later in the year, the Directors declared for 2014, an interim ordinary gross dividend of TZS 25 billion or TZS 250 per share, which was paid in November 2014 (2013: TZS 30 billion or TZS 300 per share).</div>
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Further details can be obtained through the following link</div>
<div style="background-color: white; box-sizing: border-box; margin-bottom: 10px;">
<span style="color: #333333; font-family: Helvetica Neue, Helvetica, Arial, sans-serif;"><span style="font-size: 14px; line-height: 20px;">http://dse.co.tz/sites/default/files/dsefiles/TCC_Annual_Report_2014_0.pdf</span></span></div>
dsetanzaniahttp://www.blogger.com/profile/13313489633751759708noreply@blogger.com4tag:blogger.com,1999:blog-8477114573623705330.post-54129664276648268162015-06-04T01:23:00.000-07:002015-06-04T01:23:09.810-07:00PROPOSED SALE AND DISPOSAL OF SUBSIDIARY OF EAST AFRICA BREWERIES LIMITED (EABL)<div style="background-color: white; box-sizing: border-box; color: #333333; font-family: 'Helvetica Neue', Helvetica, Arial, sans-serif; font-size: 14px; line-height: 20px; margin-bottom: 10px;">
The Capital Market Authority (CMA) -Kenya has approved EABL meeting with its shareholder to discuss and approve the sale and disposal of it subsidiary.</div>
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Further details can be found through the link below</div>
<div style="background-color: white; box-sizing: border-box; margin-bottom: 10px;">
<span style="color: #333333; font-family: Helvetica Neue, Helvetica, Arial, sans-serif;"><span style="font-size: 14px; line-height: 20px;">http://dse.co.tz/sites/default/files/dsefiles/eabl-announcement.pdf</span></span></div>
dsetanzaniahttp://www.blogger.com/profile/13313489633751759708noreply@blogger.com1tag:blogger.com,1999:blog-8477114573623705330.post-75624947575430417002015-06-04T01:21:00.002-07:002015-06-04T01:22:21.042-07:00TOL FINANCIAL PERFORMANCE AND DEVELOPMENT PLANS<h1 class="page-header" style="background-color: white; border-bottom-color: rgb(238, 238, 238); border-bottom-style: solid; border-bottom-width: 1px; box-sizing: border-box; color: #333333; font-family: 'Helvetica Neue', Helvetica, Arial, sans-serif; font-size: 25px; font-weight: 500; line-height: 1.1; margin: 0px 0px 20px; padding-bottom: 9px;">
<strong style="box-sizing: border-box; font-size: 14px; line-height: 20px;">PERFORMANCE FOR THE YEAR</strong></h1>
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhJtHp31aBIZzvBTyywATio1R_1mbdA6S2b6HLWS3xE6MiLPuMbVnEtSLw0e-ObwfsLJJJef3qhoBAU1MPfNJ8Lt_bTQw8wVibOxl1OUx72QfUtbPwL5O9Xb45Y2v5U97ut80NClwmKoq8/s1600/tol.jpg" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" height="320" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhJtHp31aBIZzvBTyywATio1R_1mbdA6S2b6HLWS3xE6MiLPuMbVnEtSLw0e-ObwfsLJJJef3qhoBAU1MPfNJ8Lt_bTQw8wVibOxl1OUx72QfUtbPwL5O9Xb45Y2v5U97ut80NClwmKoq8/s320/tol.jpg" width="320" /></a>The detailed financial performance of the company during the year can obtained on TOL a financial report through a link below, the shows a profit before tax of TZS 2,290 million (2013: profit of 945 million), an increase of 142% over last year, while the net sales growth was 35% over the last</div>
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<strong style="box-sizing: border-box;">FUTURE DEVELOPMENT PLANS</strong><br />
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The company is well on course to full recovery and is tracking well along the turnaround strategy 2011-2015 as evidenced by the performance of this year. Board is confident that the objectives of the turnaround strategy will be achieved. The following are updates and developments of major initiatives in the turnaround strategy:<br />
<br />
(i) The first round of the rehabilitation of the ASPEN plant was completed which resulted in very good reliability and efficiency. On average the plant is producing at 80-90% efficiency.<br />
Total power consumption per cubic meter of gas produced has come down by 43%. The plant can now produce crude argon and it is expected that the plant will be in a position to produce pure argon in the second phase of repairs expected the last quarter 2015. In line with this, the company has increased storage capacity for liquid gases. This will ensure continuous availability of industrial gases into the market and also save the company costs through production by batch method.<br />
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Following these improvements on the ASPEN plant, the company is engaged in finding customers for bulk liquid oxygen and nitrogen in the neighbouring countries of Kenya, Zambia and Zimbabwe. Already one such customer from Zambia has been engaged through a supply contract beginning second quarter 2015. Marketing and selling liquid oxygen and nitrogen within and outside the country is one of the company’s top priorities.<br />
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(ii) Carbon dioxide (CO2) line continues to grow as the company continues to demonstrate its reliability and consistency of supplying high quality food grade CO2 to both local and foreign bottling customers. Storage capacity was increased by 100 tons during the year, three additional 20 ton tankers were also added during the year. The company will continue to invest in both its storage and transport capacity for CO2 to strengthen reliability and increase market share across East Africa and SADC region. Already the company is supplying Malawi, Zambia and DRC markets.<br />
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The company has overcome all the production bottlenecks and more efforts are employed on building customer intimacy, aggressive marketing and brand awareness. In the midst of this, the company has acquired a plot in Mtwara which is a strategic location to tap into oil and gas sector in both Southern Tanzania and Northern Mozambique.<br />
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<strong style="box-sizing: border-box;">Future outlook</strong><br />
The company has made significant strides towards recovering its regional market share in carbon dioxide market following capacity enhancement and renewal of distribution fleet.<br />
Besides domestic market the company has been supporting customers in other SADC countries of Malawi and Zambia and DRC. While competition is expected to increase in these markets following other new entrants, TOL is well positioned to capitalise also on the expected growth in the beverage sector in the region.<br />
<br />
<br />
Further, refurbishment of ASPEN 1000 will see the company realize it’s preferred status as a reliable and competitive supplier of liquid oxygen, nitrogen and argon gases in the region. At a time when oil and gas mining in the region is beginning to take shape, refurbishment of the<br />
ASPEN 1000 has been the right step to take as this sector offers the opportunity to utilize what has been otherwise oversized plant until now.<br />
In conclusion, TOL’s future remain bright and promising. The company is on course to full<br />
recovery and is expected to reverse the accumulated losses in the course of financial year<br />
2015.<br />
<br />
<strong style="box-sizing: border-box;">DIVIDEND</strong><br />
The Directors do not recommend dividends in respect of the year ended 31 December 2014<br />
(2013: Nil).</div>
<div style="box-sizing: border-box; margin-bottom: 10px;">
<div style="color: #333333; font-family: 'Helvetica Neue', Helvetica, Arial, sans-serif; font-size: 14px; line-height: 20px;">
Further details can be obtained through the link below in TOL financial report </div>
<span style="color: #333333; font-family: Helvetica Neue, Helvetica, Arial, sans-serif;"><span style="font-size: 14px; line-height: 20px;">http://dse.co.tz/sites/default/files/dsefiles/TOL%20-Financial%20statements%20%202014%20Full%20pack.pdf</span></span></div>
</div>
</div>
</div>
</div>
</div>
</div>
</section><div style="color: #333333; font-family: 'Helvetica Neue', Helvetica, Arial, sans-serif; font-size: 14px; line-height: 20px;">
</div>
</div>
dsetanzaniahttp://www.blogger.com/profile/13313489633751759708noreply@blogger.com3tag:blogger.com,1999:blog-8477114573623705330.post-4661570364869682522015-04-23T00:58:00.002-07:002015-04-23T00:58:43.899-07:00Shirika la Nyumba la Taifa na Soko la Hisa la Dar es Salaam watiliana saini makubaliano rasmi ya mauzo ya ofisi katika mradi wa kipekee mpya wa Morocco Square<div class="separator" style="clear: both; text-align: center;">
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<div style="margin-bottom: .0001pt; margin: 0in;">
<span style="font-family: Georgia, serif; font-size: 13.5pt;">Mkurugenzi wa Shirika la Nyumba la
Taifa (NHC), Nehemia Mchechu (kushoto), akibadilishana hati za mkataba na Ofisa
Mtendaji Mkuu wa Soko la Hisa Dar es Salaam (DSE), Moremi Marwa wakitiliana
saini </span><span style="font-family: Georgia, serif;">makubaliano
rasmi ya mauzo ya sehemu ya eneo la ofisi katika mradi wa kipekee mpya wa
Morocco Square, Kinondoni Jijini Dar es Salaam. Ujenzi wa mradi huo wenye
huduma mbalimbali za kisasa unaendelea. (Picha kwa Hisani ya Kitengo cha
Mawasiliano kwa Umma na Huduma kwa Jamii)</span><span style="font-size: 13.5pt;"><o:p></o:p></span></div>
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<div style="margin-bottom: .0001pt; margin: 0in;">
<span style="font-family: Georgia, serif; font-size: 13.5pt;">Mkurugenzi wa Shirika la Nyumba la
Taifa (NHC), Nehemia Mchechu (kushoto), akibadilishana hati za mkataba na Ofisa
Mtendaji Mkuu wa Soko la Hisa Dar es Salaam (DSE), Moremi Marwa, mara baada ya
kusaini makubaliano ambapo DSE itanunua ofisi katika jengo la Morocco Square
litakalojengwa na shirika hilo eneo la Kinondoni jijini. Mkataba huo ulisainiwa
jijini leo.</span><span style="font-size: 13.5pt;"><o:p></o:p></span></div>
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<span style="font-family: Georgia, serif; font-size: 13.5pt;"><br /></span></div>
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<span style="font-family: Georgia, serif; font-size: 13.5pt;"><br /></span></div>
<br />
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<o:p> </o:p><span style="font-size: 13.5pt; text-align: center;">Mkurugenzi wa Shirika la Nyumba la Taifa
(NHC), Nehemia Mchechu (kushoto), akibadilishana hati za mkataba na Ofisa
Mtendaji Mkuu wa Soko la Hisa Dar es Salaam (DSE), Moremi Marwa, mara baada ya
kusaini makubaliano ambapo DSE itanunua ofisi katika jengo la Morocco Square
litakalojengwa na shirika hilo eneo la Kinondoni jijini. Mkataba huo ulisainiwa
jijini leo.</span></div>
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<span style="font-family: 'Times New Roman', serif; font-size: 13.5pt;">Baadhi
ya wageni waalikwa waliofika kushuhudua NHC na DSE </span><span style="font-family: Georgia, serif; font-size: 13.5pt;">wakitiliana saini makubaliano rasmi ya mauzo ya sehemu ya eneo la
ofisi katika mradi wa kipekee mpya wa Morocco Square, Kinondoni Jijini Dar es
Salaam. Ujenzi wa mradi huo wenye huduma mbalimbali za kisasa unaendelea</span></div>
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<span style="font-family: 'Times New Roman', serif; font-size: 13.5pt;"> Baadhi
ya wageni waalikwa waliofika kushuhudua NHC na DSE </span><span style="font-family: Georgia, serif; font-size: 13.5pt;">wakitiliana saini makubaliano rasmi ya mauzo ya sehemu ya eneo la
ofisi katika mradi wa kipekee mpya wa Morocco Square, Kinondoni Jijini Dar es
Salaam. Ujenzi wa mradi huo wenye huduma mbalimbali za kisasa unaendelea.</span></div>
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<span style="font-family: 'Times New Roman', serif; font-size: 13.5pt;">Watendaji
wa NHC na DSE wakibadilishana mawazo wakati wa utiaji</span><span style="font-family: Georgia, serif; font-size: 13.5pt;"> saini makubaliano rasmi ya mauzo ya sehemu ya eneo la ofisi
katika mradi wa kipekee mpya wa Morocco Square, Kinondoni Jijini Dar es Salaam.
Ujenzi wa mradi huo wenye huduma mbalimbali za kisasa unaendelea.</span></div>
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<span style="font-size: 13.5pt;">Kaimu Mkurugenzi wa Masoko na Mauzo wa Shirika la Nyumba la Taifa
Tuntufye Mwambusi na Meneja wa Uendelezaji Biashara wa NHC, Willia Genya
wakibadiliashana mawazo katika hafla hiyo.</span></div>
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<span style="font-family: Georgia, serif; font-size: 13.5pt;">Mchechu akibadilishana mawazo na watendaji wa DSE wakati wa utiaji</span><span style="font-family: Georgia, serif; font-size: 13.5pt;"> saini makubaliano rasmi ya mauzo ya sehemu ya eneo la ofisi katika mradi wa kipekee mpya wa Morocco Square, Kinondoni Jijini Dar es Salaam. Ujenzi wa mradi huo wenye huduma mbalimbali za kisasa unaendelea.</span></div>
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<div style="margin-bottom: .0001pt; margin: 0in;">
<span style="font-family: Georgia, serif; font-size: 13.5pt;"> Mkurugenzi wa Hazina na
Uendelezaji Biashara wa Shirika la Nyumba la Taifa, David Misonge Shambwe
akiwakaribisha wageni katika hafla hiyo.</span><span style="font-size: 13.5pt;"><o:p></o:p></span></div>
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<div style="margin-bottom: .0001pt; margin: 0in;">
<span style="font-family: Georgia, serif; font-size: 13.5pt;">Mkurugenzi wa Shirika la Nyumba la
Taifa (NHC), Nehemia Mchechu (kushoto), na Ofisa Mtendaji Mkuu wa Soko la Hisa
Dar es Salaam (DSE), Moremi Marwa wakifuatilia jambo katika hafla hiyo ya
utiaji saini. </span><span style="font-size: 13.5pt;"><o:p></o:p></span></div>
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<div style="margin-bottom: .0001pt; margin: 0in;">
<span style="font-family: Georgia, serif; font-size: 13.5pt;">Mkurugenzi wa Shirika la Nyumba la
Taifa (NHC), Nehemia Mchechu akizungumza katika hafla hiyo.</span><span style="font-size: 13.5pt;"><o:p></o:p></span></div>
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<span style="font-size: 13.5pt;">Watendaji wa DSE wakibadilishana mawazo wakati wa utiaji</span><span style="font-family: Georgia, serif; font-size: 13.5pt;"> saini makubaliano
rasmi ya mauzo ya sehemu ya eneo la ofisi katika mradi wa kipekee mpya wa
Morocco Square, Kinondoni Jijini Dar es Salaam. Ujenzi wa mradi huo wenye
huduma mbalimbali za kisasa unaendelea.</span><span style="font-size: 13.5pt;"><o:p></o:p></span></div>
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<span style="font-family: Georgia, serif; font-size: 13.5pt;">Ofisa Mtendaji Mkuu wa Soko la Hisa Dar es
Salaam (DSE), Moremi Marwa akizungumza katika hafla hiyo.</span></div>
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<div style="margin-bottom: .0001pt; margin: 0in;">
<span style="font-size: 13.5pt;">Mkurugenzi wa Shirika la Nyumba la Taifa (NHC), Nehemia Mchechu
(kushoto), akibadilishana hati za mkataba na Ofisa Mtendaji Mkuu wa Soko la
Hisa Dar es Salaam (DSE), Moremi Marwa, mara baada ya kusaini makubaliano
ambapo DSE itanunua ofisi katika jengo la Morocco Square litakalojengwa na
shirika hilo eneo la Kinondoni jijini. Mkataba huo ulisainiwa jijini leo.<o:p></o:p></span></div>
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiFs1fl0BkL1SDKxPfld6hSHNZ3HjGT1Gp6w5KHwYiHL-5avVg5TAZ_rPfLQsKDD49HMshmIGA_OeX7SR6izW2wjxiFNb24f5wTq8WVZekFGACVjcrBo-GZY2KpIzO7FIJABPl9CBoukhg/s1600/15.JPG" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiFs1fl0BkL1SDKxPfld6hSHNZ3HjGT1Gp6w5KHwYiHL-5avVg5TAZ_rPfLQsKDD49HMshmIGA_OeX7SR6izW2wjxiFNb24f5wTq8WVZekFGACVjcrBo-GZY2KpIzO7FIJABPl9CBoukhg/s1600/15.JPG" height="426" width="640" /></a></div>
<div style="margin-bottom: .0001pt; margin: 0in;">
<span style="font-size: 13.5pt;">Mkurugenzi wa Shirika la Nyumba la Taifa (NHC), Nehemia Mchechu
(kushoto), akibadilishana hati za mkataba na Ofisa Mtendaji Mkuu wa Soko la
Hisa Dar es Salaam (DSE), Moremi Marwa, mara baada ya kusaini makubaliano
ambapo DSE itanunua ofisi katika jengo la Morocco Square litakalojengwa na
shirika hilo eneo la Kinondoni jijini. Mkataba huo ulisainiwa jijini leo.<o:p></o:p></span></div>
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<div style="margin-bottom: .0001pt; margin: 0in;">
<span style="font-family: Georgia, serif; font-size: 13.5pt;">Mkurugenzi wa Shirika la Nyumba la
Taifa (NHC), Nehemia Mchechu (kushoto), akibadilishana hati za mkataba na Ofisa
Mtendaji Mkuu wa Soko la Hisa Dar es Salaam (DSE), Moremi Marwa, mara baada ya
kusaini makubaliano ambapo DSE itanunua ofisi katika jengo la Morocco Square
litakalojengwa na shirika hilo eneo la Kinondoni jijini. Mkataba huo ulisainiwa
jijini leo.</span><span style="font-size: 13.5pt;"><o:p></o:p></span></div>
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dsetanzaniahttp://www.blogger.com/profile/13313489633751759708noreply@blogger.com1tag:blogger.com,1999:blog-8477114573623705330.post-22881396120720388342015-04-23T00:01:00.001-07:002015-04-23T00:01:32.146-07:00<div class="rtecenter" style="background-color: white; box-sizing: border-box; color: #333333; font-family: 'Helvetica Neue', Helvetica, Arial, sans-serif; font-size: 14px; line-height: 20px; text-align: center;">
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<strong style="box-sizing: border-box;">Acacia Mining plc</strong><br style="box-sizing: border-box;" />(“Acacia” or the “Company”)<br style="box-sizing: border-box;" /><strong style="box-sizing: border-box;">First Quarter 2015 Results and Conference Call</strong></div>
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjyu2fFkHZJvqELUDAPw2Wo8yGYi0KGLQoQWli4FigXIEAt-ScRP6nzfS_oytlEkxHHhzw3QqsiWnXMdjnmCj4ETEUouHMrhyH-j6kLuPh6pJ4aV1pvF2gj_EsHZr2knjZViY5Flwi1vkI/s1600/acacia.jpg" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjyu2fFkHZJvqELUDAPw2Wo8yGYi0KGLQoQWli4FigXIEAt-ScRP6nzfS_oytlEkxHHhzw3QqsiWnXMdjnmCj4ETEUouHMrhyH-j6kLuPh6pJ4aV1pvF2gj_EsHZr2knjZViY5Flwi1vkI/s1600/acacia.jpg" /></a>Acacia announces that it will be publishing its first quarter results for the three months ended 31 March 2015 on Thursday 23 April 2015 at 07:00 BST.</div>
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The results will be accompanied by a conference call for investors and analysts at 09:00 BST on the same day.</div>
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The access details for the conference call are as follows:</div>
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Participant dial in: +44 (0) 203 003 2666 / +1 646 843 4608<br style="box-sizing: border-box;" />Password: Acacia</div>
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A recording of the conference call will be made available on the Company’s website, <a href="http://www.acaciamining.com/" style="background: transparent; box-sizing: border-box; color: #428bca; text-decoration: none;">www.acaciamining.com</a>, after the call.<br style="box-sizing: border-box;" />LSE:ACA <a href="http://www.acaciamining.com/" style="background: transparent; box-sizing: border-box; color: #428bca; text-decoration: none;">www.acaciamining.com</a></div>
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<strong style="box-sizing: border-box;">ENQUIRIES</strong><br style="box-sizing: border-box;" />For further information, please visit our website: <a href="http://www.acaciamining.com/" style="background: transparent; box-sizing: border-box; color: #428bca; text-decoration: none;">www.acaciamining.com</a> or contact:</div>
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<strong style="box-sizing: border-box;">Acacia Mining plc</strong> +44 20 7129 7150<br style="box-sizing: border-box;" />Andrew Wray, Chief Financial Officer<br style="box-sizing: border-box;" />Giles Blackham, Investor Relations Manager</div>
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Bell Pottinger ++44 (0)20 3772 2500<br style="box-sizing: border-box;" />Daniel Thöle</div>
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<strong style="box-sizing: border-box;">About Acacia Mining plc</strong><br style="box-sizing: border-box;" />Acacia Mining plc (LSE:ACA), formerly African Barrick Gold, is Tanzania’s largest gold miner and one of the largest producers of gold in Africa. We have three producing mines, all located in north-west Tanzania: Bulyanhulu, Buzwagi, and North Mara and a portfolio of exploration projects in Tanzania, Kenya and Burkina Faso.<br style="box-sizing: border-box;" />Our approach is focused on strengthening our three core pillars; our business, our people and our relationships. Our name change from African Barrick Gold to Acacia Mining reflects a new approach to mining, and an ambition to create a leading African Company.<br style="box-sizing: border-box;" />Acacia Mining is a UK public company headquartered in London. We are listed on the Main Market of the London Stock Exchange with a secondary listing on the Dar es Salaam Stock Exchange. Barrick Gold Corporation remains our majority shareholder. Acacia Mining reports in US dollars and in accordance with IFRS as adopted by the European Union, unless otherwise stated in this announcement.</div>
dsetanzaniahttp://www.blogger.com/profile/13313489633751759708noreply@blogger.com2tag:blogger.com,1999:blog-8477114573623705330.post-45802091554884330092015-04-22T23:59:00.000-07:002015-04-22T23:59:05.564-07:00DCB PERFORMANCE FOR THE YEAR 2014<div style="background-color: white; box-sizing: border-box; color: #333333; font-family: 'Helvetica Neue', Helvetica, Arial, sans-serif; font-size: 14px; line-height: 20px; margin-bottom: 10px;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiAjuu1jvOog_OtVEd3EfcUTW1gdn4pdq_xK2h4Xes-2JWsLEpiAwmqC52hpP5fEB44WhdsGvRgPNPpve9D8tQeckVmfeCeDDsfz-eYebPOPldw9vYvieUQGnHt9f6XS3GhGwCbtA1Zu9A/s1600/DCB.jpg" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiAjuu1jvOog_OtVEd3EfcUTW1gdn4pdq_xK2h4Xes-2JWsLEpiAwmqC52hpP5fEB44WhdsGvRgPNPpve9D8tQeckVmfeCeDDsfz-eYebPOPldw9vYvieUQGnHt9f6XS3GhGwCbtA1Zu9A/s1600/DCB.jpg" /></a>The Bank posted profit before tax of TZS 5.2billion for the year ended 31 December 2014 (2013: TZS 5.2billion). Profit after tax for the year was TZS 3.8 billion (2013: TZS 3.7 billion). In addition, the following achievements were recorded:-<br style="box-sizing: border-box;" /> Lending position stood at TZS 85.42billion (2013: TZS 78.43billion);<br style="box-sizing: border-box;" /> Total deposits stood at TZS 120.67billion (2013: TZS 108.18billion); and<br style="box-sizing: border-box;" /> Total assets stood at TZS 157.51billion (2013: TZS 143.9 billion).</div>
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<span style="box-sizing: border-box;">Please refer to the link below --D</span><span style="box-sizing: border-box;">CB ANNUAL REPORT for further details </span></div>
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<span style="box-sizing: border-box; font-size: 14px; line-height: 20px;"><span style="color: #333333; font-family: Helvetica Neue, Helvetica, Arial, sans-serif;">http://dse.co.tz/sites/default/files/dsefiles/DCB%20Bank%20PLC%20FS%2031%20December%202014.pdf</span></span></div>
dsetanzaniahttp://www.blogger.com/profile/13313489633751759708noreply@blogger.com3tag:blogger.com,1999:blog-8477114573623705330.post-58370086344253576032015-04-22T23:57:00.004-07:002015-04-22T23:57:48.899-07:00<div class="content" style="background-color: white; box-sizing: border-box; color: #333333; font-family: 'Helvetica Neue', Helvetica, Arial, sans-serif; font-size: 14px; line-height: 20px;">
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<strong style="box-sizing: border-box;">Introduction</strong><br style="box-sizing: border-box;" />During 2014 Tanga Cement Public Limited Company celebrated some significant milestones and successes<br style="box-sizing: border-box;" />achieved in executing its strategy and living up to its brand promise of being the ‘Pride of the Nation’. We<br style="box-sizing: border-box;" />are proud of our contribution towards the development of Tanzania, but more importantly the lives of the<br style="box-sizing: border-box;" />Tanzanian people we are able to touch and enhance due to our business activities.</div>
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<strong style="box-sizing: border-box;">Macro-Economic Overview</strong><br style="box-sizing: border-box;" />General market conditions during the period under review have been tough, but positive. We experienced<br style="box-sizing: border-box;" />an increased influx of imports from neighboring East African countries such as Kenya, which was further<br style="box-sizing: border-box;" />enabled by the removal of tariffs between East African countries and easy access to our major markets in<br style="box-sizing: border-box;" />northern regions by competing brands.<br style="box-sizing: border-box;" />At the same time, cheap imports from the Middle East countries have continued to enter Tanzanian markets<br style="box-sizing: border-box;" />creating unfair competition as they benefit from widespread acts of tax evasion through under declaration<br style="box-sizing: border-box;" />of prices and volumes delivered into local markets. Increased smuggling of cement across the border into<br style="box-sizing: border-box;" />Kilimanjaro and Arusha added to pressure to local markets and prices. We are lobbying with Government<br style="box-sizing: border-box;" />as well as the Fair Competition Commission on control of cheaper imports including manufacturing<br style="box-sizing: border-box;" />substitutes.<br style="box-sizing: border-box;" />We have been pleased with the improvements of rail infrastructure in Tanzania which has boosted the<br style="box-sizing: border-box;" />company’s utilisation of rail as a means of transport which resulted in a slight decrease on the reliance of<br style="box-sizing: border-box;" />more expensive road transport. We look forward to further improvements by Tanzania Railways Ltd. in 2015.</div>
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<strong style="box-sizing: border-box;">Operational Overview</strong><br style="box-sizing: border-box;" />Despite the challenging market conditions, the group managed to record a satisfactory financial<br style="box-sizing: border-box;" />performance with operating profit being 16 percent below 2013. This included a goodwill impairment<br style="box-sizing: border-box;" />of TZS 6.9 billion which if excluded, would result in a decrease of only 2 percent compared to 2013. This<br style="box-sizing: border-box;" />performance can be attributed to increased direct sales to customers and active initiatives to control<br style="box-sizing: border-box;" />and reduce costs. A reflection of this is that our cost of sales remained relatively unchanged at TZS 161.5<br style="box-sizing: border-box;" />billion (2013; TZS 161.4 billion) despite 40 percent increase in Tanesco’s electricity tarrifs which is a major<br style="box-sizing: border-box;" />component of production cost.<br style="box-sizing: border-box;" />Improving operational efficiencies and containing production costs continues to be a major focus for the<br style="box-sizing: border-box;" />company. We experienced some set-backs in terms of overall equipment efficiencies (OEEs) due to some<br style="box-sizing: border-box;" />equipment failure during the year. Improving on OEEs will be a significant focus during 2015.<br style="box-sizing: border-box;" />The company’s net profit after tax decreased by 12 percent to TZS 28.4 billion. This is as a result of the onceoff<br style="box-sizing: border-box;" />impairment of goodwill.<br style="box-sizing: border-box;" />A major milestone achieved during the year was the complete integration of CDEAL, providing the company<br style="box-sizing: border-box;" />with full ownership of the sales and distribution arm of the business. The acquisition will ensure improved<br style="box-sizing: border-box;" />integration and strategic alignment with Tanga Cement Public Limited Company in executing its strategy.<br style="box-sizing: border-box;" />The construction of a second kiln line at Tanga Cement Public Limited Company is making good progress<br style="box-sizing: border-box;" />and is still on track to produce its first clinker in the last quarter of 2015. Once completed, the second kiln<br style="box-sizing: border-box;" />line will more than double Tanga Cement’s clinker production capacity and result in significant cost savings<br style="box-sizing: border-box;" />for the company.</div>
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<strong style="box-sizing: border-box;">Sustainability</strong><br style="box-sizing: border-box;" />Safety remains our priority and 2014 was no different. We undertook the utmost care to return each employee<br style="box-sizing: border-box;" />home safe at the end of each shift. Whilst we recorded good results on maintaining a low total recordable<br style="box-sizing: border-box;" />injury frequency rate (TRIFR) of below 1 against a target of 6.4, we unfortunately had a fatality at the kiln at<br style="box-sizing: border-box;" />the end of April 2014. This was thoroughly investigated and a lot of lessons were drawn from the incident. We<br style="box-sizing: border-box;" />have implemented these lessons to avoid similar incidents from recurring in the future.<br style="box-sizing: border-box;" />Our environmental performance has remained on track, with the critical emissions below the legal limit on a<br style="box-sizing: border-box;" />monthly average basis throughout the year. The performance and availability of the monitoring equipment<br style="box-sizing: border-box;" />was however an issue, as we could not get the full benefit of anticipated measurements from it. Phase out of<br style="box-sizing: border-box;" />equipment is being considered in mitigation. For the first time a baseline environmental monitoring program<br style="box-sizing: border-box;" />was implemented on site, we now await the initial results from the sampling and measurements. Tanga<br style="box-sizing: border-box;" />Cement Public Limited Company continued to support the local communities by focusing in the four main<br style="box-sizing: border-box;" />areas of Education, Health, Community development and Environment.</div>
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<strong style="box-sizing: border-box;">Future Outlook</strong><br style="box-sizing: border-box;" />We expect the coming year to remain challenging and expect we will continue to deliver satisfactory results.<br style="box-sizing: border-box;" />A number of projects have been approved by government and private investors, and these should increase<br style="box-sizing: border-box;" />demand for our products. Among the exciting projects is the development of Kawe City, Tanzanite Mall,<br style="box-sizing: border-box;" />Tanzania China Logistic Centre and the expansion of the Dar es Salaam Port.</div>
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<strong style="box-sizing: border-box;">Dividend</strong><br style="box-sizing: border-box;" />The board has recommended a final dividend of TZS 65 per share (2013: TZS 60). This amounts to a total final<br style="box-sizing: border-box;" />dividend of TZS 4.1 billion.<br style="box-sizing: border-box;" />Closure of the Share Register<br style="box-sizing: border-box;" />The register of members will close 20th April, 2015 . The last day of trading cum-dividend will be 15th April, 2015.<br style="box-sizing: border-box;" />The final dividend will be paid on or about 31st May 2015.</div>
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<strong style="box-sizing: border-box;">Conclusion</strong><br style="box-sizing: border-box;" />Our majority shareholder, AfriSam, increased its shareholding from 62.5% to 66.6% during the year. We are<br style="box-sizing: border-box;" />proud of our association with this formidable construction materials company and Tanga Cement Public<br style="box-sizing: border-box;" />Limited Company has benefited greatly over the years from the knowledge and expertise gained through<br style="box-sizing: border-box;" />this relationship. In turn, Tanga Cement Public Limited Company is a critical component and valuable<br style="box-sizing: border-box;" />contributor to the growth and success of the AfriSam Group. We look forward to the many successes both<br style="box-sizing: border-box;" />companies will achieve through our close association.<br style="box-sizing: border-box;" />Finally, on behalf of the Board of Directors, I would like to thank the employees of Tanga Cement Public<br style="box-sizing: border-box;" />Limited Company for the passion they have for the company and their commitment to ensuring its success.<br style="box-sizing: border-box;" />And I also thank the board of directors for their support and our esteemed customers for their loyalty.<br style="box-sizing: border-box;" />We look forward to celebrating many more successes together in 2015.</div>
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<strong style="box-sizing: border-box;">Advocate Lau Masha</strong><br style="box-sizing: border-box;" />Chairperson</div>
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dsetanzaniahttp://www.blogger.com/profile/13313489633751759708noreply@blogger.com0tag:blogger.com,1999:blog-8477114573623705330.post-20922792925187922362015-04-22T23:56:00.002-07:002015-04-22T23:56:43.265-07:00SWALA GAS AND OIL OPERATING AND FINANCIAL REVIEW<div style="background-color: white; box-sizing: border-box; color: #333333; font-family: 'Helvetica Neue', Helvetica, Arial, sans-serif; font-size: 14px; line-height: 20px; margin-bottom: 10px;">
<strong style="box-sizing: border-box;">OPERATING AND FINANCIAL REVIEW</strong><br />
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<strong style="box-sizing: border-box;">Performance for the year</strong><br />
The results of the Company's operations for the year are set out on page 10.<br />
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<strong style="box-sizing: border-box;">Operating review</strong><br />
During the year, Swala committed to entering Years 3 and 4 exploration phase of the Initial Exploration Term in both its Pangani and Kilosa – Kilombero PSAs licence areas. The work commitment in each licence during this period includes additional 2D seismic acquisition in the third contract year and drilling of one exploration well in the fourth contract year.<br />
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During the period the Company completed the seismic acquisition programmes in the Kilosa-Kilombero and Pangani licenses onshore Tanzania. The work undertaken in these licenses was in satisfaction of the exploration work commitment programme for the third contract year and a total of 630 km of 2D seismic data was acquired over both licenses allowing the Company to fulfill the minimum work program for the first three contract years as stipulated in the PSAs.The Company’s application for the Eyasi licence was terminated by the Tanzania Petroleum Development Corporation (‘’TPDC’’) following the withdrawal of its joint bidding partner. TPDC declared that the licence would be re-issued for tender and the Company has stated its intention to re-apply.<br />
Swala Oil and Gas ( Tanzania) plc Financial Statements for the year ended 31 December 2014<br />
Directors Report (continued)<br />
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<strong style="box-sizing: border-box;">Financial review</strong><br />
During the year the Company raised $4 million (before costs and expenses) by way of an Initial Public Offering (IPO) in June 2014. The Company used the funds raised from the IPO in a manner consistent with its business objectives. Prior to the IPO the Company raised $1.2 millions (before costs and expenses) by way of convertible notes issued in February 2014. These Convertible Notes were converted into shares of the Company at IPO. Following successful initial Public Offer (IPO), the Company was accepted and listed onto the Dar es Salaam Stock Exchange (“DSE”) in Tanzania on Monday 11th August 2014.</div>
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<strong style="box-sizing: border-box;">FUTURE DEVELOPMENT PLANS</strong><br />
The Company will continue with its work commitments for the fourth contract year of the Initial Exploration Term in the Kilosa- Kilombero and Pangani Licences areas and continue with business development by applying for other licences in Tanzania and elsewhere.<br />
<strong style="box-sizing: border-box;">DIVIDEND</strong><br />
There were no dividends paid during the period</div>
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Please refer to the link below for further details</div>
<span style="color: #333333; font-family: Helvetica Neue, Helvetica, Arial, sans-serif;"><span style="font-size: 14px; line-height: 20px;">http://dse.co.tz/sites/default/files/dsefiles/SWALA%202014%20Audited%20FS.pdf</span></span></div>
dsetanzaniahttp://www.blogger.com/profile/13313489633751759708noreply@blogger.com0tag:blogger.com,1999:blog-8477114573623705330.post-75407816396618965232015-04-22T23:54:00.003-07:002015-04-22T23:59:52.364-07:00TCC DIVIDEND PAYMENT FOR THE YEAR ENDED DECEMBER 31, 2014<div style="background-color: white; box-sizing: border-box; color: #333333; font-family: 'Helvetica Neue', Helvetica, Arial, sans-serif; font-size: 14px; line-height: 20px; margin-bottom: 10px;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjm06EChe-k2fpbH4UJ7JzoJCi-wm0Ipn1LH6FFqhcOnRQfZ2ZvwI8pAFu_WDL2cjyrRzIGPNjfg5XwWNRIiAIJfo1_SbsdT_4MlGnTiMHKOO16Vo-XZs3aREvqZ7EJZyxUIdlp3v5s0Y0/s1600/tanzania-cigarette-company.jpg" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjm06EChe-k2fpbH4UJ7JzoJCi-wm0Ipn1LH6FFqhcOnRQfZ2ZvwI8pAFu_WDL2cjyrRzIGPNjfg5XwWNRIiAIJfo1_SbsdT_4MlGnTiMHKOO16Vo-XZs3aREvqZ7EJZyxUIdlp3v5s0Y0/s1600/tanzania-cigarette-company.jpg" height="200" width="200" /></a>Kindly be informed that at it 62nd Board of Directors meeting of Tanzania Cigarette Company Limited held on March 12, 2015, among others, it declared a final gross dividend of TZS 400 per share for the year ended December 31, 2014.</div>
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The last day of trading cum dividend will be held on April 1, 2015, and shares will start trading ex- dividend on April 2, 2015. The register of shareholders will close on April 09, 2015. Final gross dividend will be paid on or about May 07, 2015.</div>
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Your Sincerely<br />
Tanzania Cigarette Company Limited.</div>
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<span style="color: #333333; font-family: Helvetica Neue, Helvetica, Arial, sans-serif;"><span style="font-size: 14px; line-height: 20px;">http://dse.co.tz/sites/default/files/dsefiles/DIVIDEND%20PAYMENTS%202015.pdf</span></span></div>
dsetanzaniahttp://www.blogger.com/profile/13313489633751759708noreply@blogger.com0tag:blogger.com,1999:blog-8477114573623705330.post-26072839352640787752015-04-22T23:53:00.002-07:002015-04-22T23:53:57.517-07:00MWALIMU COMMERCIAL BANK IPO<div style="background-color: white; box-sizing: border-box; color: #333333; font-family: 'Helvetica Neue', Helvetica, Arial, sans-serif; font-size: 14px; line-height: 20px; margin-bottom: 10px;">
<u style="box-sizing: border-box;"><strong style="box-sizing: border-box;">COMPANY & BUSINESS</strong></u><br style="box-sizing: border-box;" /><strong style="box-sizing: border-box;">Sector:</strong> Bank</div>
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<br style="box-sizing: border-box;" /><strong style="box-sizing: border-box;">Proposed:</strong> Exchange Enterprise Growth Market –The Dar es Salaam Stock Exchange (Tanzania)</div>
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<br style="box-sizing: border-box;" /><strong style="box-sizing: border-box;">Shares in Issue:</strong> 50,000,000.00</div>
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<br style="box-sizing: border-box;" /><strong style="box-sizing: border-box;">IPO Price per share:</strong> TZS 500</div>
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<br style="box-sizing: border-box;" /><strong style="box-sizing: border-box;">Offer Opening Date:</strong> 23-March-2015</div>
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<br style="box-sizing: border-box;" /><strong style="box-sizing: border-box;">Offer Closing Date:</strong> 4-May-2015</div>
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<br style="box-sizing: border-box;" /><strong style="box-sizing: border-box;">Expected Listing Date:</strong> 8-June-2015</div>
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Mwalimu Commercial Bank (MCB) has been sponsored and promoted by the Tanzania<br style="box-sizing: border-box;" />Teacher’s Union (TTU), a Trade Union established under the Employment and Labour<br style="box-sizing: border-box;" />Relations Act 2004. It is an umbrella trade union of teachers in Tanzania solely owned<br style="box-sizing: border-box;" />by the teachers. With over 200,000 members across all regions in Tanzania, it is<br style="box-sizing: border-box;" />expected to own 16% of the bank’s issued and fully paid up capital. It has also decided<br style="box-sizing: border-box;" />to work with its economic wing, the Teacher’s Development Company Limited (TDCL)<br style="box-sizing: border-box;" />which was registered on 7th April 2003. TDCL will take 4 % of MCB PLC’s issued and<br style="box-sizing: border-box;" />fully paid up capital. The rest 80% will be available for the general public.</div>
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MCB PLC will be established as a commercial bank, supervised and regulated by the<br style="box-sizing: border-box;" />Bank of Tanzania under its prudential regulatory regime. It will supply the normal<br style="box-sizing: border-box;" />banking products, with provision that it will spread its footprints as quickly as possible<br style="box-sizing: border-box;" />to reach TTU members; other teachers and workers; and the public in general.<br style="box-sizing: border-box;" />Given the current financial market in Tanzania, in which some institutions offer costly<br style="box-sizing: border-box;" />products, teachers are aspiring to establish a financial institution that enables them to<br style="box-sizing: border-box;" />access affordable bank products or service. The establishment of the bank shall also<br style="box-sizing: border-box;" />enable teachers to overcome economic hardships, improve standard of living and<br style="box-sizing: border-box;" />contribute to national development</div>
dsetanzaniahttp://www.blogger.com/profile/13313489633751759708noreply@blogger.com0tag:blogger.com,1999:blog-8477114573623705330.post-22946194726795185112015-03-06T05:41:00.001-08:002015-03-31T01:19:24.810-07:00WATCH OUT FOR DSE SCHOLAR INVESTMENT CHALLENGE -2015<br />
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An edutainment initiative with a goal of developing a culture of saving and <span style="text-align: center;">investment among Higher learning Students</span></div>
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dsetanzaniahttp://www.blogger.com/profile/13313489633751759708noreply@blogger.com1tag:blogger.com,1999:blog-8477114573623705330.post-22877741141003042812014-12-29T05:28:00.005-08:002014-12-29T05:30:24.436-08:00DSE CEO SPEECH DURING MKOMBOZI COMMERCIAL BANK LISTING<div align="center" class="MsoNormal" style="line-height: 150%; text-align: center;">
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SALAAM STOCK EXCHANGE MR. MOREMI MARWA ON THE LISTING O MKOMBOZI BANK (TANZANIA)
LIMITED AT THE DAR ES SALAAM STOCK EXCHANGE ON 29th DECEMBER 2014<o:p></o:p></span></b></div>
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<b><span style="font-family: "Arial","sans-serif"; font-size: 14.0pt;">Chairman,
Mkombozi Commercial Bank PLC; Mr. Masha Kashomba</span></b></div>
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<b><span style="font-family: "Arial","sans-serif"; font-size: 14.0pt;">Directors,
Mkombozi Commercial Bank PLC;<o:p></o:p></span></b></div>
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<b><span style="font-family: "Arial","sans-serif"; font-size: 14.0pt;">Acting
CEO, Mkombozi Commercial Bank; Mr. Bartazar Mbilinyi<o:p></o:p></span></b></div>
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<b><span style="font-family: "Arial","sans-serif"; font-size: 14.0pt;">CEO, Capital
Markets and Securitues Authority Mrs. Nasama Massinda<o:p></o:p></span></b></div>
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<b><span style="font-family: "Arial","sans-serif"; font-size: 14.0pt;">Members
of the media,<o:p></o:p></span></b></div>
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<b><span style="font-family: "Arial","sans-serif"; font-size: 14.0pt;">Distinguished
invited Guests,<o:p></o:p></span></b></div>
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<b><span style="font-family: "Arial","sans-serif"; font-size: 14.0pt;">Ladies
and Gentlemen, good morning:<o:p></o:p></span></b></div>
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<span style="font-family: "Arial","sans-serif"; font-size: 14.0pt; line-height: 150%;">On
behalf of the Dar es Salaam Stock Exchange and on my own behalf, I take this
opportunity to thank you all for joining us as we officially welcome Mkombozi Commercial
Bank <b> </b>PLC on its listing at the Dar es Salaam
Stock Exchange (DSE).<o:p></o:p></span></div>
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<span style="font-family: "Arial","sans-serif"; font-size: 14.0pt; line-height: 150%;">Let
me also extend a very special welcome and thanks to you Guest of Honor, for accepting
the invitation and joining us at this important occasion which marks another milestone
in the existence of DSE.<o:p></o:p></span></div>
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<b><span style="font-family: "Arial","sans-serif"; font-size: 14.0pt; line-height: 150%;">Guest of Honour and Invited Guests, </span></b><span style="font-family: "Arial","sans-serif"; font-size: 14.0pt; line-height: 150%;">in
October of last year, the DSE introduced the Enterprise Growth Market (EGM) segment,
a junior market (or a second tier market) whose main objective is to enable
Small and Medium Sized enterprizes to access the capital market for their long
term growth capital raising and listing into the Exchange. In November last
year, the first company, Maendeleo Commercial Bank was listed in the EGM. Since
then, we have witnessed an increased interest from entrepreneurs, business
owners and potential investors on DSE's EGM. Swala Oil & Gas became the
second company to list on the EGM in August this year, listing of Mkombozi Commercial
Bank today makes companies listed in the EGM into three within a period of one
year.<o:p></o:p></span></div>
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<span style="font-family: "Arial","sans-serif"; font-size: 14.0pt; line-height: 150%;">As
we know, listing into the Exchange results into among others: increased
efficiencies via better allocation of resources; efficient process of capital
raising; improves company's good corporate governance, increases transparency
and accountability, results into more productive utilization of savings within
the economy; results into development of the private sector and growth of
companies; its enables expansion of investor base into the company for liquidity
purposes and future capital raising and it also enlarges the pace and diversity
of resources flow within the economy. <o:p></o:p></span></div>
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<span style="font-family: "Arial","sans-serif"; font-size: 14.0pt; line-height: 150%;">As
for a specific company, listing into the Exchange results into more publicity, increased
opportunities for future capital raising, in being more efficiency, increased
transparency, attracting good talent, benefiting from tax incentives, and
becoming more socially and economically responsible to the community. Mkombozi has
therefore made the right choice to join the family of companies so it can
benefit from being listed.<o:p></o:p></span></div>
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<span style="font-family: "Arial","sans-serif"; font-size: 14.0pt; line-height: 150%;">We at
DSE, at the capital markets at large, are generally proud of our history and performance of listed
companies. The 20 listed companies have a total market capitalization of TZS 21.8
trillion, 13 of which are domestic listed companies whose market capitalization
is TZS. 9.6 trillion. Listing of MKOMBOZI today will increase our market
capitalization by TZS 20.6 billion and the number of listings to 21 in total,
14 domestic and 7 cross listed -- all these companies are fairly responsible to
their shareholders. We believe that rules and regulations, oversight and
procedures whose ultimate goal of protecting both investors and issuers have
served the DSE, the capital market and the Tanzanian economy well.<o:p></o:p></span></div>
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<b><span style="font-family: "Arial","sans-serif"; font-size: 14.0pt; line-height: 150%;">Guest of Honour & Invited Guests</span></b><span style="font-family: "Arial","sans-serif"; font-size: 14.0pt; line-height: 150%;">, with
those few remarks, may I take this opportunity again to thank you and all of the
invited guests for celebrating this achievement with us.<o:p></o:p></span></div>
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<b><span style="font-family: "Arial","sans-serif"; font-size: 14.0pt; line-height: 150%;">Thank you</span></b><span style="font-family: "Arial","sans-serif"; font-size: 14.0pt; line-height: 150%;"><o:p></o:p></span></div>
dsetanzaniahttp://www.blogger.com/profile/13313489633751759708noreply@blogger.com1tag:blogger.com,1999:blog-8477114573623705330.post-14424271726453105532014-11-06T03:00:00.003-08:002014-11-06T03:02:20.028-08:00DECLARATION OF THE 2ND INTERIM DIVIDEND IN F15<div style="background-color: white; box-sizing: border-box; color: #333333; font-family: 'Helvetica Neue', Helvetica, Arial, sans-serif; font-size: 14px; line-height: 20px; margin-bottom: 10px;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgCwFz8JC5hxp4GxMoLg0PX5pq_TaVjxvLV1H7LECHKsQe25YHYZktIU3iZgzpJEVlQJi9sCtsSyUh3QbW3XJ6pdSXJ-oJHihwmKBa96-OjubKRYYAM1f53bB99DVzt-8Jr1vIEebDctas/s1600/tbl2.png" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgCwFz8JC5hxp4GxMoLg0PX5pq_TaVjxvLV1H7LECHKsQe25YHYZktIU3iZgzpJEVlQJi9sCtsSyUh3QbW3XJ6pdSXJ-oJHihwmKBa96-OjubKRYYAM1f53bB99DVzt-8Jr1vIEebDctas/s1600/tbl2.png" height="80" width="200" /></a></div>
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In its regular Board Meeting No. 3/F15, the Board approved the payment of Tsh.250/= per share as the 2<span style="box-sizing: border-box; font-size: 11px; line-height: 0; position: relative; top: -0.5em; vertical-align: baseline;">nd</span>interim dividend in F15.</div>
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Pursuant to the dividend payment declaration, the Share Register details shall remain as follows:</div>
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Closure of the Members Register : 27<span style="box-sizing: border-box; font-size: 11px; line-height: 0; position: relative; top: -0.5em; vertical-align: baseline;">th</span> November, 2014<br />
<br />
Trading of Shares cum Dividend : 5<span style="box-sizing: border-box; font-size: 11px; line-height: 0; position: relative; top: -0.5em; vertical-align: baseline;">th</span> November, 2014 to 24<span style="box-sizing: border-box; font-size: 11px; line-height: 0; position: relative; top: -0.5em; vertical-align: baseline;">st</span><br />
November, 2014<br />
<br />
Trading of shares Ex Dividend : 25<span style="box-sizing: border-box; font-size: 11px; line-height: 0; position: relative; top: -0.5em; vertical-align: baseline;">th</span> November, 2014<br />
<br />
Dividend Payment on or by : 19<span style="box-sizing: border-box; font-size: 11px; line-height: 0; position: relative; top: -0.5em; vertical-align: baseline;">th</span> December, 2014<br />
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Dividend will be paid directly to the Shareholder’s bank account for those who have instructed so, or through the dividend cheques issued and payables by our Transfer Secretaries, the CRDB Bank at their Branches and in areas where they do not operate, the Tanzania Postal Corporations shall make such payments on their behalf.</div>
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For the encashment of the money, the shareholders shall be required to produce their identity cards, and the original share certificates or the Dar es Salaam Stock Exchange depository receipts.</div>
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<strong style="box-sizing: border-box;">BY ORDER OF THE BOARD</strong>dsetanzaniahttp://www.blogger.com/profile/13313489633751759708noreply@blogger.com0tag:blogger.com,1999:blog-8477114573623705330.post-79266802137732949032014-10-30T00:33:00.000-07:002014-10-30T00:43:27.848-07:00SWALA GAS AND OIL ANNOUNCEMENT<div style="background-color: white; box-sizing: border-box; color: #333333; font-family: 'Helvetica Neue', Helvetica, Arial, sans-serif; font-size: 14px; line-height: 20px; margin-bottom: 10px;">
<strong style="box-sizing: border-box;">DSE Release 29th September 2014</strong></div>
<div style="background-color: white; box-sizing: border-box; color: #333333; font-family: 'Helvetica Neue', Helvetica, Arial, sans-serif; font-size: 14px; line-height: 20px; margin-bottom: 10px;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgDjqp4VVRFtFrVfISWy84uQlV8AGCT49ma159FZWQ-26J9LBpoJupeRQvYW5nUIn2MXqMnIsM1x8bHv8vY5jy7MND7dv0jTkysEi5MqRvVqiRlSkB1Z0bnhO5BuG3PVTD_nwV3M2lUexA/s1600/SWALA.jpg" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgDjqp4VVRFtFrVfISWy84uQlV8AGCT49ma159FZWQ-26J9LBpoJupeRQvYW5nUIn2MXqMnIsM1x8bHv8vY5jy7MND7dv0jTkysEi5MqRvVqiRlSkB1Z0bnhO5BuG3PVTD_nwV3M2lUexA/s1600/SWALA.jpg" /></a><strong style="box-sizing: border-box;">Kilombero Seismic Showing Evidence of Multiple Structures</strong><br />
Swala Energy Limited ("Swala" or "the Company") is pleased to announce that the seismic survey it is<br />
carrying out in the Kilombero Basin has provided the first evidence of multiple structures - a ‘string of<br />
pearls’- along the western basin boundary fault. Swala has a 50% net interest in the Kilosa-Kilombero<br />
licence in central Tanzania.</div>
<div style="background-color: white; box-sizing: border-box; color: #333333; font-family: 'Helvetica Neue', Helvetica, Arial, sans-serif; font-size: 14px; line-height: 20px; margin-bottom: 10px;">
<span style="box-sizing: border-box; line-height: 20.7999992370605px;">The seismic survey was planned after the 2013 seismic survey suggested structural similarities between</span><br />
<br style="box-sizing: border-box;" />
<span style="box-sizing: border-box; line-height: 20.7999992370605px;">the Kilombero Basin and the Lokichar Basin in Kenya, where Tullow Oil (LSE:TLW) and Africa Oil</span><br />
<br style="box-sizing: border-box;" />
<span style="box-sizing: border-box; line-height: 20.7999992370605px;">(AOI:TX) have made a significant number of discoveries. The 2013 seismic survey also identified the</span><br />
<br style="box-sizing: border-box;" />
<span style="box-sizing: border-box; line-height: 20.7999992370605px;">Kito Prospect. As per the Company’s press release of the 11th December 2013, the Kito Prospect could</span><br />
<br style="box-sizing: border-box;" />
<span style="box-sizing: border-box; line-height: 20.7999992370605px;">contain P50 Best Estimate contingent resources of 60.4mmbbls net to Swala.</span></div>
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Read more through the link below</div>
<a href="http://dse.co.tz/sites/default/files/dsefiles/Swala%20announcement.pdf">http://dse.co.tz/sites/default/files/dsefiles/Swala%20announcement.pdf</a><br />
<div style="background-color: white; box-sizing: border-box; margin-bottom: 10px;">
<br /></div>
dsetanzaniahttp://www.blogger.com/profile/13313489633751759708noreply@blogger.com0