CAREER OPPORTUNITY - COUNTRY MANAGER FOR A CREDIT REFERENCE BUREAU IN TANZANIA

COUNTRY MANAGER - TANZANIA

HIGH LEVEL BRIEF

• A part of a successful International Credit Bureau operation which provides credit information and risk management solutions worldwide. Including the banking and financial community of Tanzania.

• Credit Bureaus are an essential part of financial infrastructures and an enabler of economic growth in all countries.

• Information is collated and made available at a variable cost depending on volume time frames etc - the principal benefit of the data is to to ensure credit worthiness and relative financial strength in the market.

• The operation in Tanzania currently employs a group of four highly qualified and successful professionals and furthermore serves a strong client base which represents a large proportion of the Tanzanian banking sector.  

• The task of the newly hired Country Manager will be to fully capitalise on the outstanding opportunities in the  market.

• Tanzania is just one part of a global dynamic international business – over time the individual will have scope to further develop beyond Tanzania into a wider international market .

• The local business is also supported with know-how from highly experienced individuals from  group level.

• The existing  team manages the administrative functions, hence allowing  the new recruit to focus on business development and ongoing strategic initiatives.

• The successful candidate will need to be an innovative, driven and pragmatic sales driven leader. 

• It would be a distinct advantage, although not essential, for the job holder to have an understanding and knowledge of the Tanzanian financial market as well as other industry sectors.

• Experience from  other neighbouring markets will also be considered as an advantage.

• Whilst experience within Financial Services may be an advantage, this is most certainly not a pre-requisite – experience within a highly competitive environment with b2b and/or consumer driven sales environment is far more appropriate.

• Words which will describe the new Country Manager are - sales driven, self starter, works with minimal supervision, people skills, direct, hungry, business savvy, P&L focused, pragmatic, tough, experienced, independent, open minded and fully committed to the future growth of the operation.

• Outstanding spoken and written English is essential – some knowledge of Swahili is also considered to be an advantage.

• The salary offered ranges from US$48,000 - $60,000 +up to 50% commission.

Tanzania in brief:

With a population of 45 million, Tanzania forms part of East Africa in the African Great Lakes region. It is bordered by Kenya and Uganda to the north; Rwanda, Burundi and the Democratic Republic of the Congo to the west; and Zambia, Malawi and Mozambique to the south. The country's eastern border is formed by the Indian Ocean. Kilimanjaro, Africa's highest mountain, is in north eastern Tanzania. It is a vast country – for example, it is approximately 4 times to land size of the United Kingdom.

Qualified and interested applicants, please send an sms to +255 754 269 269 for further instructions by close of business on Wednesday, 4th June 2014.

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PRESIDENT KIKWETE MEETS PRESIDENT OF THE WORLD BANK, DR. JIM YONG KIM

President Dr. Jakaya Mrisho Kikwete meets the President of the World Bank Group, Dr. Jim Yong Kim in Toronto, Canada this morning. President Kikwete is in Toronto to attend a summit on maternal, newborn and child health.

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TANZANIAN ENTREPRENEUR, PATRICK NGOWI TO FEATURE ON CNN'S AFRICAN VOICES

Patrick Ngowi, CEO, Helvetic Solar

CNN's African Voices highlights Africa's most engaging personalities. This week on African Voices, we talk to entrepreneur, Patrick Ngowi. 

Showtimes: (all times GMT) 
Friday: 0730 
Saturday: 1430 
Sunday: 0230, 0800, 1730 
Monday: 0930, 1430 
Tuesday: 0430

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THE YOUNG AFRICAN MILLIONAIRE LIGHTING UP TANZANIA - FORBES MAGAZINE

          Patrick Ngowi, CEO, Helvetic Solar

It’s 1:15 pm on a blistering hot Wednesday afternoon in Dar Es Salaam. Patrick Ngowi is seated in the lobby of the Hyatt Regency Hotel, patiently waiting for me to keep up with our lunch appointment. We had planned to meet for 12:30, but I had lost track of time.

“You are finally here, my brother,” Ngowi smiles as he rises from his chair to welcome me as I approach him.

For a 28 year-old Tanzanian who has built an $8 million (revenues) solar energy company, Ngowi certainly looks the part. He is impeccably dressed in a black suit, with the tip of Mont Blanc pen hanging out of his suit pocket. And he’s got a Mont Blanc watch adorning his left wrist and Brioni shoes to match.

Ngowi has a remarkable story.  He is the CEO of Helvetic Solar Contractors – a Tanzanian company that supplies, installs and maintains solar systems throughout the northern circuit of Tanzania. The company sells everything solar from photovoltaic (a.k.a. “solar”) panels and water heaters to battery banks, generators and back-up units.

But what’s even more interesting is the fact that Ngowi has had success at such a young age. Ngowi got his first taste of business at 15 when as a high school student he started selling top-up vouchers. Mobile phone companies like Vodacom, Tigo and other had only just established operations in the country and the only place to find recharge vouchers were in the shopping malls and exclusive phone shops. There were very few distributors or super dealers in Arusha, a mid-sized commercial city that serves as the gateway to the northern circuit where Ngowi lives.  Ngowi noticed that most people in his neighborhood who wanted to top-up their phones had to travel significant distances to buy airtime. Spotting opportunity, Ngowi raised Tsh 50,000 (about $50) from his mother and bought top-up vouchers from the big dealers. Since he was still in high school and couldn’t devote much time to the business, he mobilized fuel station pump attendants in the local community to sell the vouchers. He made a small margin on each sale and kept at it for the next two years.

“It was a business on the side, nothing serious,” he says in retrospect, “but I loved the fact that I was making money and I was becoming a bit independent. The very foundation of the little success I’ve achieved was formed during those years. I learned about profit and loss, about margins, about marketing and hiring the right people– I learned so many things at that stage.”

When he finished high school, Ngowi took a gap year before going to the university. The mobile phone revolution was in its infant stages, and phones were still relatively expensive. Young Tanzanians like himself wanted to own a phone but couldn’t afford the exorbitant price tag on the locally available ones. It was during this period that he made a leisure trip to Asia and discovered trendy yet inexpensive phones. Spotting yet another opportunity, he took an $1,800 loan from his mother and started making regular trips between Tanzania and Hong Kong, buying mobile phones and accessories from low-cost manufacturers and selling them to the Tanzania’s gadget enthusiasts.

“Before long, we were making a lot of money. I was only 18 and a half years old at the time but I was doing an annual turnover of  $150,000. Life was good.”

It was during his frequent trips to Hong Kong and China that he discovered solar panels and learned about renewable energy for the first time.

Tanzania has critical energy infrastructural challenges. At the time of Ngowi’s frequent Asian trips, the national power grid coverage in Tanzania was only about 10%. Most companies, government agencies and wealthy families depended heavily on generators.

“The electrification issue was a major one and I just figured out that Tanzanians might be receptive to an alternative energy source,” Ngowi says as he sips his drink.

There was opportunity, and Ngowi wanted to delve right in, but his parents insisted that he completed his education. Ngowi comes from a family of academics. Both his parents are lecturers, and their orders were crystal clear.

“Right from the time I started the Recharge voucher business, my mother told me that I had to complete my education. Dropping out of school was not an option, and she made it clear from the beginning,” Ngowi says.

At 19, Ngowi had to abandon his business and carry on with his studies. He had already become fascinated with China and solar energy. With some of the money he had accumulated from his business, he enrolled at the Denzhou University in China where he studied renewable energy.  It was a perfect marriage. He was already in love with China, and curious about renewable energy and the prospects it offered in his native home.

While at Denzhou, Ngowi started an informal exporting business. He had previously built relationships with a few friends in the construction industry so he had a lot of orders from them.

“It was a fairly interesting experience. Everyone knew you could get things at more affordable prices. Builders here in Tanzania wanted everything from tiles to building materials- and they wanted it on the cheap.” At that time, there weren’t as many people making frequent trips to China as there are today, and as the word spread, many builders and traders in Arusha would send Ngowi money to purchase materials and other goods for them. He’d purchase the equipment, load it in a container and send it down to them and made his margin.

“That’s how we built capital in the business.”

By the time he had finished with his studies, Ngowi had built up enough capital. He loaded his own consignment of solar and thermal equipment, and armed with his bachelors degree in renewable energy, he headed back to Arusha to set up his own business.

“The first store we opened was very small but it was in a good location. We marketed ourselves aggressively- marketing our products to schools, governments, hospitals and just about everyone else- convincing them to use our solar panels,” Ngowi explains.

It was not easy at the beginning. Solar was a relatively new energy source to the vast majority of Tanzanians and so business was not moving as rapidly as he had hoped.

“For the first few months, sales were very slow.” Ngowi recalls that during his low moments, he sought solace in his mother – a woman he describes as the most powerful force in his life.

“She just kept me going, always giving me words of encouragement. There were times I felt like I was in the wrong business, and I just thought I should count my losses and back out. But Mama asked me to continue. Sometimes it’s very important that you have someone who believes in you,” he says with philosophical flair.

Ngowi kept marketing his business, sending proposals to everyone he could think of. With time, and as the media championed the cause for alternative energy sources, business began to pick up for Ngowi.

His company, Helvetic Solar was the only company based in Arusha offering solar products. “Whoever needed solar in Arusha had to come to us. Our other competitors were in Dar Es Salaam, but it’s a distance away. We had the market.”

Business picked up tremendously for Ngowi from 2007. As his company installed solar panels and related products for smaller clients, the word spread across to contacts everywhere. Soon, government agencies, Non-Governmental Organizations and multinational corporations started asking Helvetic Solar to provide them with solar products.

It’s been on a growth path ever since. In 2011, the company did $2.8 million in revenues, then $6.8 million in 2012. The company is in line to do $10 million revenues this year.  Some of Helvetic’s major clients include the United Nations, the Tanzanian Army, WorldVision, and the Lutheran Church, among others.

Ngowi is expanding outside Tanzania. Helvetic now supplies solar to a number of government institutions in Rwanda. “It’s great for us because neighboring governments issue tenders, and they look at your portfolio and the clients you’ve catered to, and they see we’ve got a good track record and excellent products. So it’s easy for us to get awarded contracts,” Ngowi explains.

While Ngowi has made a small fortune in renewable energy contracting –an estimated $5 million, he is reinvesting his fortune in real estate and tourism. He owns stakes in a couple of hotel lodges in Arusha, and he’s expanding his property portfolio. His success has earned him a number of accolades. KPMG East Africa named Helvetic Solar Contractors the Fastest Growing and Number One Company in a survey of the Top 100 Mid Sized Companies in Tanzania for the year 2012 – 2013. Ngowi was recently nominated for Africa’s Young Person of the Year award by The Future Awards – a popular annual award that has been referred to as the ‘Nobel prize for young Africans’.

Ngowi laments the difficulty in accessing funding as the biggest challenge in doing business in Tanzania. “It remains a key problem simply because most of our financial institutions require collateral, and usually you have to oversecure your loan. Sometimes you’re over securing by 65%- 70%. It’s not easy,” he says.

“I wish we could have a proper banking structure where you could get funds based on the contracts you’ve been awarded. Also, there’s a massive infrastructure deficit – and skill. I deal with electrical engineers and you need to change into solar engineers and the skills are very difficult to get here so sometimes you need to import them,” Ngowi adds.

But challenges aside, Ngowi is motivated for even bigger success. He plans to make Helvetic Solar a $100 million company within the next five years.  And Ngowi, a devout Christian who credits much of his success to divine providence, tells me it’s very possible. “If God has brought me this far, I know he’s going to take me there,” he says matter-of-factly.

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DAR ES SALAAM STOCK EXCHANGE MARKET REPORT AS AT FRIDAY 30 May 2014

In today’s trading session, DSE recorded a total turnover of TZS 4,581.06 mln from 14,044,369 shares traded in 57 deals in comparison to the previous session which recorded a turnover of TZS 758 mln from 1,281,889 shares traded in 35 deals.

CRDB counter had 400 shares traded at weighted average price of TZS 320 ex dividend per share in 22 deals. NMB counter had 4,567 shares traded at weighted average price of TZS 3,300 ex dividend per share in 10 deals. TBL counter had 7,640 shares traded at weighted 
average price of TZS 8,640 per share in 6 deals. SWISSPORT counter had 344 shares traded at weighted average price of TZS 2,660 per share in 4 deals. DCB counter had 1,220 shares traded at weighted average price of TZS 480 per share in 4 deals. TOL counter had 28,898 shares traded at weighted average price of TZS 500 per share in 7 deals. SIMBA counter had 900 shares traded at weighted average price of TZS 2,360 per share in 2 deals. TCC counter had 200 shares traded at weighted average price of TZS 10,100 per share in 1 deal. TATEPA counter had 200 shares traded at weighted average price of TZS 650 per share in 1 deal. 


Today foreign investors generated a total turnover of TZS 4,479.89 mln from the purchase of 14,000,000 CRDB shares. On Pre-Arranged Crossing Board, CRDB counter had 
13,500,000 shares traded at TZS 320 per share in 6 deals. 

When the session was closed CRDB counter had 229,300 shares on bid at prices ranging from TZS 315 to TZS 295 ex dividend per share. DCB counter had 188,000 shares on offer at TZS 490 and TZS 480 ex dividend per share. NMB counter had 58,800 shares on bid at prices ranging from TZS 3,000 to TZS 3,220 ex dividend per share and 4,100 shares on offer at TZS 3,300 ex dividend per share. TWIGA counter had 49,200 shares on offer at prices ranging from TZS 2,460 to TZS 2,440 per share. TBL counter had 52,400 shares on bid at prices ranging from TZS 8,460 to TZS 8,200 per share. TCC counter had 5,300 shares on bid at TZS 10,100 per share. SIMBA counter had 6,700 shares on bid at TZS 2,360 per share and 37,500 shares on offer at TZS 2,400 and TZS 2,420 ex dividend per share. TOL counter had 11,900 shares on bid at TZS 450 per share and 1,500 shares on offer at TZS 500 per share. SWISSPORT counter had 100 shares on bid at TZS 2,600 per share and 49,300 shares on offer at TZS 2,700 and TZS 2,660 ex dividend per share. MAENDELEO counter had 4,600 shares on offer at TZS 600 per share. TATEPA counter had 50,000 shares on offer at TZS 650 per share. PAL counter had 125,200 shares on offer at TZS 
470 per share.

Click here for the full market report, courtesy of DSE.

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MARKET SUMMARY FOR THE WEEK ENDING 30 MAY 2014 COURTESY OF DAR ES SALAAM STOCK EXCHANGE (DSE)

MARKET SUMMARY

Indices	30 May 2014
TSI	3,206.25	67.90
DSEI	2,019.68	28.49

GAINERS & LOSERS

ABG		0.49%
NMG		-1.20%
CRDB		3.13%
KCB		2.15%
JHL		0.94%
EABL		1.17%
NMB		3.03%
SIMBA		-1.69%
TBL		2.78%
TOL		10.00%

EXCHANGE RATES

Currency	Buying	Selling
EUR	2,226.43	2,249.35
USD	1,636.24	1,652.60
KES	18.64	18.80
GBP	2,735.79	2,763.97

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DAR ES SALAAM STOCK EXCHANGE - SCHOLAR INVESTMENT CHALLENGE 2014

Click here for more details.

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BOT: DESPITE SHARP DECLINE IN VALUE, GOLD DOMINATES NON-TRADITIONAL EXPORTS

Despite recording a decline in value of 4.4 percent, gold continued to dominate nontraditional exports, the Bank of Tanzania (BoT) Monthly Economic Review for the Month of April has said.

The review said during the year ending March 2014, the value of non-traditional exports declined by 4.4 percent to USD3,852.8m.

This was mainly driven by low export values of all non-traditional goods with the exception of manufactured goods, other minerals and re-exports.

Much of the decline was recorded in export value of gold, which went down by 11 percent to USD1,749.1m following a fall in the export volume coupled with a decline in the unit export price by 19.9 percent to an average of USD1,327.2 per troy ounce.


During the period under review, the value of traditional exports declined by 5 percent to USD870.5m compared to the level recorded in the year ending March 2013.

The decline in value of traditional exports was driven by a fall in export volumes and unit prices of some crops.

The value of coffee, cotton and cashewnuts declined due to a fall in both export volumes and unit prices, while that of tea was driven by a decline in export unit price alone. 

Moreover, cloves and sisal recorded increases in export values owing to both export volumes and unit prices, whereas the value of tobacco increased mainly due to higher export unit prices as volume declined.

It further said service receipts increased by 14.2 percent to USD3,277.7m compared to USD2,870m recorded in the year ending March 2013.
On the other hand, travel receipts increased to USD1,927.6m from USD1,735.3m recorded during the year ending March 2013.

The increase in travel receipts is partly associated with a growing number of tourist arrivals in recent years.

At the same time, transport receipts increased by 22.8 percent to USD817.8m.
During the year to March 2014, the value of imports of goods and services was USD13, 765.3m, an increase of 6.6 percent compared to the amount recorded in the year ending March 2013.

Much of the increase was observed in oil, all other consumer goods and transport payments. The value of oil imports rose by 12.7 percent to USD4,226.3m, due to an increase in volume as oil prices in the world market declined.

In addition, significant increase in the category of all other consumer goods was observed in pharmaceutical products, paper products and plastic items. Nonetheless, the increase in overall total value of goods import was dampened by a significant decline in the importation of machinery.

In the meantime, the share of oil to total goods imports increased to about 37.6 percent compared to 35.7 percent recorded in the year ending March 2013.

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IMF URGES AFRICA TO INVEST MASSIVELY IN INFRASTRUCTURE DEVELOPMENT

Maputo – Africa’s fast growing economies need to spend $93b a year just to bring infrastructure up to speed, the head of the International Monetary Fund (IMF) said on Thursday, sketching out the daunting challenges still faced by the continent.

Africa’s fast-growing economies need to spend $93b a year to improve infrastructure and help solve some of the challenges still faced by the continent.

Opening a major meeting for finance ministers and central bankers in Maputo to plot Africa’s rise, Christine Lagarde said the continent still faced massive challenges.

“Only 16 per cent of all roads are paved, compared with 85 per cent in South Asia. These shortfalls represent huge costs to business — and to people.”

Sub-Saharan African economies, some of the fastest growing in the world, are expected to expand by more than five per cent this year.

But poor infrastructure, including a lack of capacity in electricity production and poor roads, is seen as curbing growth.

“High quality infrastructure can be a magnet for foreign investment,” said Lagarde.

After years of hailing Africa’s economic development, policy-makers want to usher in a second phase of development that sees economic gains benefit all. While the emergence of a middle class has boosted consumer growth, much of the continent’s growth has come from oil, gas and other natural resources.

“Let me be frank, in too many countries, the rents from extractive industries are captured by just a few,” said Lagarde.

“Mining can account for an important share of output and export earnings, but often contributes relatively little to budget revenues and job creation.”

Beyond the corridors of power and conference talk-shops, Africans are increasingly frustrated by the lack of good jobs.

“Jobs are scarce,” says Maputo street vendor Ercilia, who sells bread to passersby. “Some days I make a living and some days I don’t.”

“I believe in Africa someday all this will change,” said security guard, Marcelino Jaime, noting that few jobs were available for uneducated young people. “In Africa we need a lot of creativity to improve things,” he added.

Lagarde earlier hailed the leaps made by African economies in the last decade as “nothing short of remarkable.”

But as policy-makers take stock of Africa’s strong economic performance, many are also looking at the risks that lie ahead.

The region could face lower demand for its exports should growth slow in increasingly important emerging markets like Brazil, India and, in particular, China. Beijing is a top buyer of African resources from copper to oil and gas.

In rapidly-growing cities such as Maputo, the Chinese presence is manifest, from a Chinese-built airport to the country’s businessmen chattering on cell phones as they walk from meeting to meeting. But poverty perhaps remains the continent’s biggest challenge.

Ahead of the meeting, rights groups questioned the current optimistic view of “Africa’s rise”.

“Africa is not rising for ordinary citizens,” said Oxfam International’s executive director Winnie Byanyima.

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STANDARD CHARTERED BANK REWARDING ITS CLIENTS FOR REFERRALS

Standard Chartered Bank Tanzania Limited has launched an exciting campaign for its Priority Clients. Dubbed “Member get Member” campaign, the initiative is open to the Bank’s Priority Clients. Exciting prizes including trips to Rome, Paris, Cape Town, Johannesburg or Dubai, among others, await the Bank’s Clients who successfully refer new Priority Clients to the Bank.

The new clients will also qualify to join the campaign which is ongoing until 31st July, 2014.

Standard Chartered Bank also welcomes interested individuals who would want to enjoy the Bank’s Priority Services, which include personalized and exclusive banking experience to Priority Clients and their families supported by a dedicated Relationship Team and International Banking facilities, among others to visit the Bank’s Priority Centre at its Head Office Branch located at the International House Property, Shaaban Robert St. / Garden Avenue in Dar es Salaam.

For more information on the Member get Member campaign, please click here.

It’s good when a trusted partner rewards you for successful referrals

	Dear Priority Customer, At Standard Chartered Priority Banking, we understand the importance of relationships. Introduce your family and friends to Priority Banking and get rewarded for helping them enjoy the privileges of a trusted partner. Eligibility for successful referrals: A customer is deemed successfully referred when he/she opens a Priority Banking account with Standard Chartered and has an Account Balance of Tshs 80,000,000 or equivalent. If you refer them before 31st July 2014, we have one of the following rewards in store for you:
	How to make a referral • Send a referral via Email to tz.prioritybanking@sc.com • Submit in person at your Priority Centre or to your Relationship Manager or Branch Manager at any Standard Chartered branch • Call the Priority Hotline +255 22 2121265 • For more details and terms and conditions, click here.

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NBC SUPPORTS 50 CHILDREN WITH SPECIAL NEEDS TO PARTICIPATE IN THE SPECIAL OLYMPIC GAMES

 NBC Zanzibar Branch Manager, Rajab Maalim hands over TZS 2 million to the 2nd Vice President of Zanzibar, His Excellency Ambassador Seif Ali Iddi in Zanzibar yesterday. The money was raised by NBC staff countrywide through donations, as sponsorship for children with special needs to participate in the special olympics to be held in Kibaha from 3rd to 9th June 2014.

Some of the 50 children with special needs from Zanzibar and Pemba witness the handover ceremony. Through NBC's generous support, they will participate in the special olympic games organised by the National sports Council of Tanzania, to he held in Kibaha from 3rd to 9th June 2014.

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EXIM BANK EMBARKS ON DRIVE TO SUPPORT FINANCIAL INCLUSION

The Minister for Industry and Trade, Dr. Abdallah Kigoda (right) shakes hands with Exim Bank Tanga Branch Manager Deogratius Makwaia (first left) when he visited the bank’s gazebo during the opening of the second Tanga International Trade Fair at Tangamano Grounds recently. Looking on second left is Exim Bank sales executive Martin Temu.

Exim Bank Tanga Branch Manager Deogratius Makwaia (first left) briefs the Minister for Industry and Trade, Dr. Abdallah Kigoda (right) on the bank’s services as the minister shakes hands with the bank’s sales executive Martin Temu (second left) when he visited the bank’s gazebo during the opening of the second Tanga International Trade Fair at Tangamano Grounds recently. 

Exim Bank Tanga Branch Manager Deogratius Makwaia (second left) briefs the Minister for Industry and Trade, Dr. Abdallah Kigoda (right) on the bank’s services when he visited the bank’s gazebo during the opening of the second Tanga International Trade Fair at Tangamano Grounds recently. Looking on first left is Exim Bank marketing executive Fatma Kilinda and third left is the bank’s sales executive Martin Temu.

EXIM Bank Tanzania is aggressively implementing its plans to fully support government’s financial inclusion initiative, by reaching unbanked individuals across the country and giving them light on the benefits of using banking services for economic growth.

This was evidenced by its move to participate in the second Tanga International Trade Fair (TITF), using it as a platform to reach many unbanked individuals living in the rural areas within Tanga Region.

Speaking during the trade fair held at Tongamano grounds in Tanga, Exim Bank Tanga Branch Manager Deogratius Makwaia said the awareness campaign aims at ensuring that many individuals get to understand the benefits of using banking services for their economic growth.

“In an effort to promote financial inclusion and attract many customers to prefer our banking services to other financial institutions in the country, our bank has embarked on a program which will see us showcasing our products and services in various exhibitions,” said Mr. Makwaia.

Makwaia said due to the fact that until now 85 percent of people in Tanzania do not use banking services, financial institutions in the country should give these group of people a reason to start using such services.  

Tanzania recently launched the national financial inclusion framework to focus on priorities like payment platforms, infrastructure and consumer protection, with an overall goal of giving 50 per cent of the country’s population access to formal financial services by 2016.

However, the Finscope Survey 2013 published recently shows that already over 50 per cent of adult population have access to financial services, where 13.9 per cent of the number comprises bank customers and 43.5 per cent use non-bank formal services that include mobile phone money facilities.

On his part, the Minister for Industry and Trade, Dr. Abdallah Kigoda during the trade fair called upon business people to use international trade fair to initiate and enhance competitiveness.

Dr. Kigoda also applauded the Tanzania Chamber of Commerce, Industry and Agriculture for organizing the fair in an effort to open doors for promoting trade.

He said the main theme of this year’s trade fair dubbed, ‘Enhancing Regional Trade and International Business Networking’, aimed at exhorting stakeholders to improve production, productivity, effectiveness and raise people’s living standards.

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