Company & Business
Proposed: Exchange Enterprise Growth Market –The Dar es Salaam Stock Exchange (Tanzania)
Shares in Issue: 50,000,000.00
IPO Price per share: TZS 500
Offer Opening Date: 23-March-2015
Offer Closing Date: 4-May-2015
Expected Listing Date: 8-June-2015
Mwalimu Commercial Bank (MCB) has been sponsored and promoted by the Tanzania Teacher’s Union (TTU), a Trade Union established under the Employment and Labour Relations Act 2004. It is an umbrella trade union of teachers in Tanzania solely owned by the teachers. With over 200,000 members across all regions in Tanzania, it is expected to own 16% of the bank’s issued and fully paid up capital. It has also decided to work with its economic wing, the Teacher’s Development Company Limited (TDCL) which was registered on 7th April 2003. TDCL will take 4 % of MCB PLC’s issued and fully paid up capital. The rest 80% will be available for the general public.
MCB PLC will be established as a commercial bank, supervised and regulated by the Bank of Tanzania under its prudential regulatory regime. It will supply the normal banking products, with provision that it will spread its footprints as quickly as possible to reach TTU members; other teachers and workers; and the public in general.
Given the current financial market in Tanzania, in which some institutions offer costly products, teachers are aspiring to establish a financial institution that enables them to access affordable bank products or service. The establishment of the bank shall also enable teachers to overcome economic hardships, improve standard of living and contribute to national development
Kindly be informed that at it 62nd Board of Directors meeting of Tanzania Cigarette Company Limited held on March 12, 2015, among others, it declared a final gross dividend of TZS 400 per share for the year ended December 31, 2014.
The last day of trading cum dividend will be held on April 1, 2015, and shares will start trading ex- dividend on April 2, 2015. The register of shareholders will close on April 09, 2015. Final gross dividend will be paid on or about May 07, 2015.
Tanzania Cigarette Company Limited.
Tanzania Portland Cement Company Limited (TPCC) significantly improved its business performance in 2014 and strengthened its brand image through quality and service delivery.
The Tanzanian economy grew at a pace of 7% in 2014, in line with positive trend previous years. The cement market grew at the same rate.
During the year, TPCC recorded an increase in sales volume of 15% versus 2013 as a result of better production efficiency, commissioning of a new cement mill in the last quarter, recruitment of new distributors and re-introduction of TWIGA extra in the production mix. Revenues increased to TZS 29.5 bn compared to previous year (+13.9%). This increase in revenues, coupled with efficient cost management, resulted in an increase in operating profit of 55% compared with 2013.
Cement consumption in Tanzania and East Africa region has continued to grow of the last few years. Having expanded it capacity, TPCC is well place to meet it growing demand.
The board proposes a dividend of 2014 of TZS 267 per share. This is a increase of 36.9% compared to the previous year's amount of TZS 195 per share. The proposed dividend includes interim amount of TZS 70 per share paid in October 2014. This represents 88.8% of the 2014 net income.
The reigster of members will close on 17th April 2015.The last day of trading cum dividend will be 14 April 2015. Dividend be paid on or about 30th June 2015.
The board would like to thanks all TPCC's stakeholders for their support during the past year. We have every confidence that TPCC will continue to deliver value for the shareholders in the future.
Further details can be obtained from a link below on TPCC's Audited results for the year ended 31st December 2014
The Board has approved the payment of Tsh.300/= per share as the 1st interim dividend for F16.
Pursuant to the dividend payment declaration, the Share Register details shall remain as follows:
Closure of the Members Register: 15th April, 2015
Trading of Shares cum Dividend : 19th March, 2015 to 10th April, 2015
Trading of shares Ex Dividend: 11th April, 2015
Dividend Payment on or by: 20th April, 2015
The Board of Directors of Swissport Tanzania Plc is pleased to announce the audited financial results for the year ended 31st December 2014. During the year, the total operating revenues grew by 23% to TAS 44,387M as compared to 2013. On the other hand, the operating profit for the year was TAS 18,693M representing a 64% increase when compared to last year. This robust performance is mainly due to increased traffic, the use of bigger aircraft by our airline customers, foreign exchange gains and, more importantly, due to enhanced operational efficiency and strict cost control.
New Import Cargo Warehouse
The construction of our new import cargo warehouse, which commenced in December 2013, reached an advanced stage allowing partial commissioning in November 2014, as planned. Installation of its fit-out is progressing well and full migration is expected to take place by August 2015, in conjunction with the move of our corporate offices to the new facility. The current cargo terminal will be turned into a full fledged export facility as a strategy of supporting Tanzania’s export initiatives. The aforementioned developments will not only consolidate our market position but will also improve efficiency and service delivery to our esteemed customers.
The Board is delighted to announce the final dividend of TAS 6,424M or TAS 178.43 per issued and fully paid share. An interim dividend of TAS 3,926M or TAS 109.07 per issued and fully paid share was paid in November 2014 making the total dividend for the year to be TAS 10,350M or TAS 287.50 per issued and paid up share (2013: TAS 5,997M or TAS 166.58 per share). Pursuant to this declaration, the share register will be closed on 25th March 2015 and the last day of trading cum dividend shall be on 20th March 2015. The final dividend will be paid out on or about 26th June 2015.
The prospects of the local aviation market indicate a slight increase in the number of flights while the volumes of cargo are expected to remain constant at best; consequently strict cost control remains necessary. To cope with the changing and demanding business environment, several strategies and plans have been put in place, including continued investment in ground support equipment and human resources development. Generally, we are optimistic that the Company’s performance in 2015 will be favourable.
For further details please refer to Swissport Annual Report from a link below