Tanzania

Tanzanian governor "will not resign"

The governor of the Bank of Tanzania, Daudi Ballali, called a special press conference at the end of last week in which he denounced mounting allegations against him as "malicious lies and fabrications" and said he had no intention of resigning.

Uganda's Opiokello on risk management

In the speech 'Business continuity and risk management regional workshop in Uganda' given on 5 February David Opiokello of the Bank of Uganda said regional efforts towards a common monetary and political union of the countries in the region continue.

Comment: Ugandan banking takes off

A recent IMF working paper documents the vast improvements in the Ugandan banking sector in recent years, arguing that the extension of the central bank's regulatory capacity and the withdrawal of state control have resulted in efficiency gains.

Tanzania central bank chief told: Pay fine or jail

The High Court in Dar es Salaam has given Tanzania's central bank governor Daudi Balali seven days to pay a fine or face a four month jail sentence, a report from Xinhua News said. Delivering the ruling Judge Salum Massati said that on 4 June 2001, a…

Court summons Bank of Tanzania governor personally

The governor of the central bank of Tanzania, Daudi Balali, was due to appear in person at the High Court, Dar es Salaam on Friday 25 July, according to all Africa News. The civil case refers to an agreement signed on 25th April 1985 between the…

Tanzania's forgery proof notes finally copied

After Tanzania's central bank confidently claimed their new bank notes were impossible to forge one eye has inevitably been kept on the country's paper money. Now the BBC reports that that fakes are turning up in Dar-es-salaam.

Tanzania to suspend German currency printer deal

TANZANIA - The Tanzanian government has directed the central bank to rescind its decision to award a German currency printing firm a multi-million dollar tender to print banknote for Tanzania due to a recent report of mass misprinting by the company, the…

Tanzania's Dec annual inflation drops to 5.5 pct

Tanzania's overall annual inflation rate eased to 5.5 percent in the year to December 2000 from 5.7 percent in November, helped by a marginal drop in food prices, the central bank said on Feb 8, 2001.Food prices account for at least 70 percent of the…

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