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NBC Twiga #bond records an oversubscription of 30% raising TZS 38.91bil from the initial target of TZS 30bil. The bond represents the first tranche of NBC Bank's Medium-Term Note (MTN) Program aimed to raise TZS 300bil.
#bondmarkets#fixedincome#debtsecurities
Yetu Microfinance Bank PLC under statutory administration of the Bank of #Tanzania (BoT), following its non-compliance of liquidity & capital adequacy requirements under the Banking & Financial Institutions Act, 2006 and its Regulations.
#Banking#microfinanceinstitutions
Tanzania's Foreign Exchange reserves hit a 5-year low, decreasing by 15.31% from $5.85bil at the end of Feb, 2022 to $4.96bil at the end of Sept, 2022. The foreign exchange reserves can now cover 4.2 months of imports.
#exchange#forex#Tanzania
NMB #share price closes at TZS 3,000 on 30th November 2022 making a move of 2.74% from TZS 2,920 on Tuesday 29th Nov 2022. NMB share price grew by 6.38% from TZS 2,820 on 30th October 2022.
DSE #turnover stood at TZS 174.91m on 30th Nov 2022
#stocks#trading#StockMarket
As per the Ministry of #Finance & Planning (MoFP) 1st Quarter #budget report, revenue grew by 14% compared to the prior year's 1st quarter, accounting for 96.3% of the forecasted revenue of TZS 6,537b. Domestic #debt increased by 49% compared to the prior year's 1st quarter.
NBC Bank has been appointed by UNCDF as a Lead Transaction Advisor (LTA) in the issuance of a Green Municipal Bond by Tanga Water Authority whose proceeds will strictly be used to finance the improvement of water infrastructure in the city.
#Sustainability#bonds#useofproceed
DSE closed positive on Wednesday 23 Nov, 2022 with #market cap up by 0.31%. Turnover went up by 139.48% standing at TZS 137.34m compared to TZS 57.35m turnover on Tuesday contributed by an increase in trading activities dominated by CRDB & TPCC as the most traded equities.
AfDB urges the East African Community (EAC) to modernize its agricultural sector as a way forward to eliminate hunger & enhance economic growth by promoting agricultural financing aided by stock exchanges & establishment of commodity exchanges.
#agriculture#Finance#StockMarket