Tanzania: Commodity exchange market to begin soon

THE Tanzania Mercantile Exchange (TCX) is expecting to start trading by the end of this year as regulations and dealers will be in place at end-September.
THE Tanzania Mercantile Exchange (TCX) is expecting to start trading by the end of this year as regulations and dealers will be in place at end-September.
The government last week declared illegal the growing trend of pricing goods and services such as real estate for Tanzanians in US dollars.
Tanzania on Thursday raised the price of petrol and kerosene at the pump and marginally lowered that of diesel, citing a weaker local currency and swings in international energy prices.
Statoil and co-venturer ExxonMobil today announce its fifth discovery in Block 2 offshore Tanzania.