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Bullion gold bars alone don't create strong currencies-reliable, serialised gold does

TANZANIA, Aug. 4 -- TO support our economy, there has been a persistent focus on buying gold to be kept in the Central Banks vaults. After the Bank of Tanzania (BoT) announced on September 27, 2023, ... Read More


BoT advises businesses, institutions to go cashless

DAR ES SALAAM, Aug. 4 -- THE Bank of Tanzania (BoT) has urged businesses to install electronic payment infrastructure ahead of mandatory digital payment regulations taking effect in January next year,... Read More


Bank delivers 15 trucks to cooperatives to boost agric value chain

KAHAMA, Aug. 4 -- Two agricultural cooperative unions yesterday received 15 trucks financed through a low-interest loan facility from the National Bank of Commerce (NBC), a move expected to improve cr... Read More


Digital economy vital to trillion-dollar vision

DAR ES SALAAM, Aug. 4 -- TANZANIA must accelerate the growth of its digital economy to achieve its ambition of becoming a one-trillion-USdollar economy by 2050, with stakeholders urging faster reforms... Read More


Sajith says SC ruling bars judges' retirement age change without referendum

Sri Lanka, Aug. 4 -- Any constitutional amendment affecting the retirement age of Supreme Court and Court of Appeal judges serving in office requires approval at a referendum, Opposition Leader Sajith... Read More


RBI sells $14.9b during January-May to check excess volatility in rupee

India, Aug. 4 -- The RBI's foreign exchange intervention during January-May 2026 amounted to a net sale of $14.9 billion to check excess volatility of the rupee, Parliament was informed on Monday. Th... Read More


Homes, land price boom in Nairobi outskirts ends

Nairobi, Aug. 4 -- A decades-long property boom on the outskirts of Nairobi, including Kiambu, Kitengela and Ngong, is coming to an end as home prices drop and land costs soften. HassConsult, a prope... Read More


Nishikant Dubey seeks Zuckerberg's apology over PM reel removal

New Delhi, Aug. 4 -- The chairman of the Parliamentary Standing Committee on Communications and Information Technology, Nishikant Dubey, on Monday said Meta chief executive Mark Zuckerberg should apol... Read More


Nishikant seeks Zuckerberg's apology over PM reel removal

New Delhi, Aug. 4 -- The chairman of the Parliamentary Standing Committee on Communications and Information Technology, Nishikant Dubey, on Monday said Meta chief executive Mark Zuckerberg should apol... Read More


indices diverge as new auction system kicks in

Mumbai, Aug. 4 -- The Nifty and Sensex showed a rare divergence on close of trade on Monday as exchanges adopted a new auction mechanism for stocks with traded futures and option contracts.The Nifty w... Read More