The recent collapse of the Bank of Credit and Commerce International (BCCI) does not bother bankers in Tanzania according to banking sources. Officials of the Bank of Tanzania and the National Bank of Commerce stated that BCCI had no dealings in Tanzania – Business Times

Prime Minister John Malecela has stated that Dar es Salaam will continue to maintain its status as the commercial city of Tanzania even when the transfer of the capital to Dodoma is completed. The transfer in no way reduced the status of Dar es Salaam. It would always be the business capital he said – Sunday News.


The Government has given Tanzania’s banks greater autonomy in controlling credit and other business decisions to assist them to operate more economically and competitively. The banks will no longer be fully directed by the state and will have to act independently in assessing risks and returns associated with banking transactions – Daily News

At its recent Annual General Meeting in Dar es Salaam, the Tanzania Association of Consultants (TACO) approved its 1991/93 budget. It also announced a marketing strategy aimed at securing at least 10% of foreign funded national projects during the next two years and identifying the export potential of consultancy skills available in Tanzania. The Minister for Science, Technology and Higher Education, Mr William F. Shija, advised the members at the AGM that, in order to achieve professionalism, there should be interaction between various professional disciplines; there must be cooperation and there must be mutual understanding and respect. TACG Chairman Aloyse Mushi assured the Minister that the consultant members of TACO were a finished product which was ready for use, “They have spent many years in institutions of higher education and they are as good as any expert from America and Europeā€¯ he said – Daily News.

The National Open University will be launched in the 1992/93 financial year and the newly established Muhimbili University College of Medicine and Health Sciences will become a full university by 1995. Feasibility studies to elevate the Mkwawa (Iringa), Chang’ombe (Dar es Salaam) and Marangu (Moshi) Teachers Colleges to university college status have been completed and plans are underway to make the Nkrumah Teachers College, Karume Technical College and the Centre for Kiswahili and Foreign Languages in Zanzibar into constituent colleges of the University of Dar es Salaam – Daily News.

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