Battle: Dar es Salaam vs Nairobi

Battle: Dar es Salaam vs Nairobi

KDF kazi yako kubwa ni nini?? Au kwenda kwenye mall na kuiba pesa na dhahabu ??
 
Kim Dawizzy said:
Nletee na ile ya passengers, hiyo ni ya mizigo! 🔥🔥🔥🇰🇪
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Tofaut yake nn 🤣🤣🤣 sijawah ona tofaut nachoona ni mchina kawacharaza ipasavyo

tulichoahidiwa na tulicholetewa😂😂
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1E18BEB2-CE8A-4393-B308-F0D3A3BE5437.jpeg
 
Geza Ulole said:

Bakhresa Sh700bn sugar project to start June 2022​



TUESDAY JUNE 08 2021​

Bakhresa pic

​

Summary​

  • Bakhresa Group corporate affairs director Hussein Sufian said nearly $100 million (about Sh230 billion) has already been used so far in the first phase of the project


Alex pic

By Alex Nelson Malanga
More by this Author

Dar es Salaam. The Said Salim Bakhresa Group of Companies (SSBG) said recently that its $300 million (about Sh690 billion) Bagamoyo Sugar Ltd will officially start production by June next year (2022).

Bakhresa Group corporate affairs director Hussein Sufian said almost $100 million (about Sh230 billion) has so far been used in constructing the first phase of the project.

“We are putting the finishing touches to the civil works,” Mr Sufian said yesterday - adding that construction of the first phase will cost around $110 million.

He expounded that already the construction of premises for production machines is complete.

“We have just started installation of the machines,” he said, noting that normally the process would take between six and nine months.

“We are optimistic that the installation of machines will be ready by December this year, or January next year at the latest.”

From there on, he said, they would start trial production of sugar before embarking on commercial production in June.

The project, which has three phases, is expected to start with an installed capacity of between 30,000 tonnes and 35,000 tonnes.

“That factory is expandable; it can go up to an annual production capacity of 100,000 tonnes upon completion of all the three phases,” said Mr Sufian.

Bagamoyo Sugar Ltd is significant to job creation and will in future have a multiplier effect on farmers. The first phase of the factory will create between 800 and 1,000 direct jobs.

“We have a farm and to start with, on which we will cultivate 2,000 hectres of sugarcane,” he said. However, in future he said they would also use an out-grower scheme.

The decision to establish Bagamoyo Sugar Ltd came after the late President John Magufuli allocated 10,000 hectares of land to the business tycoon, Mr Said Salim Bakhresa, to establish a sugar plant.

Requesting the Parliament to approve Sh105.670 billion for the 2021/22 fiscal year for his docket, the minister for Industry and Trade, Prof Kitila Mkumbo, said that, in an effort to narrow the deficit gap, the government is putting more efforts in attracting investment in sugar production.

He said Tanzania’s five sugar factories - namely: Kilombero Sugar I and II; Mtibwa Sugar Limited; Kagera Sugar Limited; TPC Moshi and Manyara Sugar Company Limited - have a collective annual capacity of producing 462,863 tonnes against the demand of 635,000 tonnes (470,000 domestic and 165,000 industrial sugar).

This means that the country has a deficit of 172,137 tonnes.

Prof Mkumbo also said that, in a bid to close the deficit gap, the government - acting through the Sugar Board of Tanzania (SBT) - permitted sugar producers to import 40,000 tonnes of the commodity in the 2020/21 season.


www.thecitizen.co.tz

Bakhresa Sh700bn sugar project to start June 2022

The Said Salim Bakhresa Group of Companies (SSBG) said recently that its $300 million (about Sh690 billion) Bagamoyo Sugar Ltd will officially start production by June next year (2022).
www.thecitizen.co.tz www.thecitizen.co.tz




EhTdKJqWsAAmYY9
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Kongole kwake
 
Geza Ulole said:

Bakhresa Sh700bn sugar project to start June 2022​



TUESDAY JUNE 08 2021​

Bakhresa pic

​

Summary​

  • Bakhresa Group corporate affairs director Hussein Sufian said nearly $100 million (about Sh230 billion) has already been used so far in the first phase of the project


Alex pic

By Alex Nelson Malanga
More by this Author

Dar es Salaam. The Said Salim Bakhresa Group of Companies (SSBG) said recently that its $300 million (about Sh690 billion) Bagamoyo Sugar Ltd will officially start production by June next year (2022).

Bakhresa Group corporate affairs director Hussein Sufian said almost $100 million (about Sh230 billion) has so far been used in constructing the first phase of the project.

“We are putting the finishing touches to the civil works,” Mr Sufian said yesterday - adding that construction of the first phase will cost around $110 million.

He expounded that already the construction of premises for production machines is complete.

“We have just started installation of the machines,” he said, noting that normally the process would take between six and nine months.

“We are optimistic that the installation of machines will be ready by December this year, or January next year at the latest.”

From there on, he said, they would start trial production of sugar before embarking on commercial production in June.

The project, which has three phases, is expected to start with an installed capacity of between 30,000 tonnes and 35,000 tonnes.

“That factory is expandable; it can go up to an annual production capacity of 100,000 tonnes upon completion of all the three phases,” said Mr Sufian.

Bagamoyo Sugar Ltd is significant to job creation and will in future have a multiplier effect on farmers. The first phase of the factory will create between 800 and 1,000 direct jobs.

“We have a farm and to start with, on which we will cultivate 2,000 hectres of sugarcane,” he said. However, in future he said they would also use an out-grower scheme.

The decision to establish Bagamoyo Sugar Ltd came after the late President John Magufuli allocated 10,000 hectares of land to the business tycoon, Mr Said Salim Bakhresa, to establish a sugar plant.

Requesting the Parliament to approve Sh105.670 billion for the 2021/22 fiscal year for his docket, the minister for Industry and Trade, Prof Kitila Mkumbo, said that, in an effort to narrow the deficit gap, the government is putting more efforts in attracting investment in sugar production.

He said Tanzania’s five sugar factories - namely: Kilombero Sugar I and II; Mtibwa Sugar Limited; Kagera Sugar Limited; TPC Moshi and Manyara Sugar Company Limited - have a collective annual capacity of producing 462,863 tonnes against the demand of 635,000 tonnes (470,000 domestic and 165,000 industrial sugar).

This means that the country has a deficit of 172,137 tonnes.

Prof Mkumbo also said that, in a bid to close the deficit gap, the government - acting through the Sugar Board of Tanzania (SBT) - permitted sugar producers to import 40,000 tonnes of the commodity in the 2020/21 season.


www.thecitizen.co.tz

Bakhresa Sh700bn sugar project to start June 2022

The Said Salim Bakhresa Group of Companies (SSBG) said recently that its $300 million (about Sh690 billion) Bagamoyo Sugar Ltd will officially start production by June next year (2022).
www.thecitizen.co.tz www.thecitizen.co.tz




EhTdKJqWsAAmYY9
Click to expand...

watu wapo serious
IMG_1623139546.019305.jpg
 

Rwanda, a darling of Kenyan banks with regional footprint​



MONDAY JUNE 07 2021​

kigali

An aerial view of Kigali, Rwanda on September 21, 2018. PHOTO | POOL

​

Summary​

  • Data by the Central Bank of Kenya (CBK) shows that Rwanda continues to dominate the East African region as the most profitable banking market for Kenyan lenders.
  • Last year, Kenyan banks operating in the East African region made a combined profit of $119.53 million, or a 0.51 percent growth.


General Image

By JAMES ANYANZWA
More by this Author

KCB’s increased investment in Banque Populaire du Rwanda Plc (BPR) signals the increasing attraction of the landlocked country’s banking industry to Kenyan lenders.

Other African banks such as Nigerian banking giant, Access Bank Plc, have also shown huge interest in the country of more than 13 million people, by acquiring an additional 16.22 percent shareholding in its Rwandan subsidiary valued at $9.55 million thereby growing its stake in the Rwandan unit to 91.22 percent from 75 percent.

Data by the Central Bank of Kenya (CBK) shows that Rwanda continues to dominate the East African region as the most profitable banking market for Kenyan lenders for the third year in a row, signalling increased investment into one of Africa’s fastest growing economies.

CBK’s Bank Supervision annual report (2020) shows that Kenyan bank subsidiaries operating in Rwanda made the most profit before tax of Ksh3.55 billion ($33.17 million) in 2020, with Tanzania being the least profitable banking market that generated a paltry Ksh641.13 million ($5.99 million) of gross earnings.

Rwanda is followed by Uganda which made a profit of Ksh3.53 billion ($32.99 million), Democratic Republic of Congo that realised Ksh1.87 billion ($17.47 million) profit, South Sudan (Ksh1.33 billion, $12.42 million), Mauritius (Ksh1.19 billion, $11.12 million) and Burundi (Ksh661.44 million, $6.18 million).

Last year, Kenyan banks operating in the region saw a combined profit of Ksh12.79 billion ($119.53 million), representing 0.51 percent growth from Ksh12.72 billion ($118.8 million) in 2019.

“The impact of Covid-19 that continues to disrupt growth in global markets has impaired profitability of the Kenyan banks across borders,” the report says.

Kenyan banks operating in Rwanda are Equity, KCB, NCBA and I&M.

KCB is also in the process of acquiring Banque Populaire du Rwanda Plc from British financial services conglomerate Atlas Mara (62 percent) and other minority shareholders (38 percent).

According to the report Rwanda contributed the highest earnings capacity translating to 27.75 percent of the total profits while subsidiaries operating in Tanzania were the least profitable and contributed five percent of the total profits of combined subsidiaries in all host countries.

“The performance in Tanzania was affected by losses reported by some subsidiaries attributed to provisions for loan losses,” according to the report.

Gross loan book​

In 2018 and 2019 Rwandan banking market also offered the highest earnings capacity for Kenyan lenders despite having fewer regional banking subsidiaries compared to Uganda and Tanzania

The performance of Tanzania subsidiaries was attributed to low business due to increased competition in a market dominated by established local players.

Last year, the combined gross loans for Kenyan subsidiaries in the host countries increased by 25.2 percent to Ksh421.1 billion ($3.93 billion) from Ksh336.4 billion ($3.14 billion) in 2019.

The Kenyan banks operating in Tanzania recorded the highest level of gross loans at $981.3 million accounting for 25 percent of gross loans in all the subsidiaries outside Kenya.

This was followed by subsidiaries in DRC which accounted for 23 percent of the gross loans while Uganda and Rwanda accounted for 18 percent and 17 percent of the gross loans respectively.

Mauritius recorded gross loans of $579.43 million accounting for 15 percent of gross loans.

Kenyan subsidiaries accounted for a combined deposit base of Ksh746 billion ($6.97 billion) in 2020 compared with Ksh514.4 billion ($4.8 billion) in 2019, with the main contributor of deposits being Equity Group’s subsidiary in DRC, Banque Commerciale Du Congo with total deposits of Ksh243 billion ($2.27 billion) representing 33 percent of total deposits of subsidiaries in host countries.

www.theeastafrican.co.ke

Rwanda, a darling of Kenyan banks with regional footprint

Data by the CBK shows that Rwanda continues to dominate the East African region as the most profitable banking market for Kenyan lenders.
www.theeastafrican.co.ke www.theeastafrican.co.ke


MY TAKE
Kuna mabenki ya Kenya yapo Tanzania zaidi ya miaka 15 na bado yanatengeneza hasara!
 
kesho kutwa anaenda mwanza kuweka jiwe la msingi la SGR lot 5.. lots 3 na 4 soon mkandaras atapatikana

(kama nimemsikia vizur kasema mkandaras sio wakandaris.. mean lots 3 na 4 zitajengwa pamoja) probably tutapata taarifa zaid akiwa mwanza

akiwa mwanza atazindua meli mbili.. ya abiria na mizigo
 
Simon said:
kesho kutwa anaenda mwanza kuweka jiwe la msingi la SGR lot 5.. lots 3 na 4 soon mkandaras atapatikana

(kama nimemsikia vizur kasema mkandaras sio wakandaris.. mean lots 3 na 4 zitajengwa pamoja) probably tutapata taarifa zaid akiwa mwanza

akiwa mwanza atazindua meli mbili.. ya abiria na mizigo
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Nani? Mzee mbona una-post kama vile tuko kichwani mwako kujua unamuongelea nani..? 🤷‍♂️
 
ichoboy01 said:
Unasemaje kua na likes nyingi sio hoja alikudanganya nani 🤣🤣🤣🤣 tulieni kwanza dawa iwaingie
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Burnaboy & Wizkid 🤣🤣🤣 Mondi yuko kindergarten bado 💉💉💉
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Sasa hapo kwa Burna Boy, hata Wiz Kid hafiki bado! 🤣
 
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