Tanzania: Standard Chartered Posts Sh50.7 Billion Profit
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The Standard Chartered Bank (Tanzania) Limited has posted 50.74bn/- pre-tax profit in the year ending December 2012, up from 47.79bn/- recorded in 2011.
The Standard Chartered Bank (Tanzania) Limited has posted 50.74bn/- pre-tax profit in the year ending December 2012, up from 47.79bn/- recorded in 2011.
The Tanzania Postal Bank (TBP) is still keen to list on the Dar es Salaam stock Exchange (DSE), perhaps later this year, the firm's chief executive officer, Mr Sabasaba Moshingi, has said.
HIKED yields in the seven-year bond auctioned on Wednesday this week failed to entice investors in the long term papers ending up undersubscribed by 43 per cent.
The investment of Chinese companies in Tanzania has hit the $ 1b mark over a period of one year.