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    Golden Tulip Hotels not sold; leased for 12 years – Management

    Tullow Ghana awards KNK contract to Petrofac as part of transformation project

    We did no wrong in sale of 260 metric tonnes of slop oil – TOR

    Increase investments in digitisation platforms to ensure safe trade transactions under AfCFTA – BoG

    Fuel prices to go up as NPA announces restoration of UPPF margin

    [From the left] Thomas Abanga (CEO of Abanga Farms & Food Systems), Selma Ashipala Musavyi (Namibia High Commissioner to Ghana), Dr. Benjamin Sasu (Head of Food Safety), Mrs. Chariti Gbadawo (Director at the Ministry of Foreign Affairs & Regional Integration) ), Prof Bani (Board Chairman, Abanga Farms and Food Systems) and Clarence Zamuee (MEATCO Rep)

    Ghana’s Abanga Farms & Food Systems and Namibia’s Meatco in big partnership

    Gov’t still plans on tabling a legislation to compel banks to lend to the Agric sector – Agric Minister

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    Enterprise Group PLC records 37% rise in revenue in 2021

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    Financial transactions will be allowed even without Ghana card from 1st July – GAB assures

    Losses due to fraud in banking sector in 2021 up by 144%; hits GH¢61m – BoG report

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    Dr. Bawumia unveils Ghana’s first Tier IV data centre

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    ‘Seeking IMF bailout doesn’t mean e-levy has failed’ – Oppong Nkrumah

    ‘Our IMF negotiations will be in best interest of Ghanaians’ – Oppong Nkrumah

    IMF team arrives in Ghana on Tuesday ahead of Wednesday’s bailout talks

    Golden Tulip Hotels not sold; leased for 12 years – Management

    Tullow Ghana awards KNK contract to Petrofac as part of transformation project

    We did no wrong in sale of 260 metric tonnes of slop oil – TOR

    President and Board Chairman of Afreximbank, Prof Benedict Oramah

    Plans are underway to complete fertilizer, railway projects in Ghana – Afreximbank

    Free SHS and other programs must be redesigned now – Seth Terkper

    KGL Group hosts Nigeria Lottery Regulatory Commission CEO Mr. Lanre Gbajabiamila

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    Golden Tulip Hotels not sold; leased for 12 years – Management

    Tullow Ghana awards KNK contract to Petrofac as part of transformation project

    We did no wrong in sale of 260 metric tonnes of slop oil – TOR

    Increase investments in digitisation platforms to ensure safe trade transactions under AfCFTA – BoG

    Fuel prices to go up as NPA announces restoration of UPPF margin

    [From the left] Thomas Abanga (CEO of Abanga Farms & Food Systems), Selma Ashipala Musavyi (Namibia High Commissioner to Ghana), Dr. Benjamin Sasu (Head of Food Safety), Mrs. Chariti Gbadawo (Director at the Ministry of Foreign Affairs & Regional Integration) ), Prof Bani (Board Chairman, Abanga Farms and Food Systems) and Clarence Zamuee (MEATCO Rep)

    Ghana’s Abanga Farms & Food Systems and Namibia’s Meatco in big partnership

    Gov’t still plans on tabling a legislation to compel banks to lend to the Agric sector – Agric Minister

    Financial transactions will be allowed even without Ghana card from 1st July – GAB assures

    Enterprise Group PLC records 37% rise in revenue in 2021

  • TECHNOLOGY

    Financial transactions will be allowed even without Ghana card from 1st July – GAB assures

    Losses due to fraud in banking sector in 2021 up by 144%; hits GH¢61m – BoG report

    BoG, CSA deepen collaboration to fight cyber threats

    Dr. Bawumia unveils Ghana’s first Tier IV data centre

    ADB pioneers in global remittance services in Ghana [ARTICLE]

    Introduction of GhanaPay complements efforts to capture the unbanked into digital payments ecosystem – Veep

    #CitiBusinessFestival: How the country can take advantage of the “Ghana Opportunity”

    Chamber of Telecommunications calls for more investment into Technology to improve livelihoods

    Citi Business Festival: Address lack of financial data challenges using MoMo – Rufai Abdul Majeed

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    Africa’s internet economy to cross $180 billion by 2025: Report

    Regional economic cooperation needed to enhance Africa’s competitiveness – Bawumia

    Ivory Coast is set to receive $26.1 billion worth of development finance from 4 lenders, the EU and France

    Gulf central banks, Bank of England raise policy rates after Fed hike

    US Fed meets inflation surge with 75bp hike

    As Nigeria’s inflation rate accelerates to 17.71%, the World Bank warns millions could face extreme poverty

    Modern airline tickets design with flight time and passenger name. Plane tickets vector pictogram. Airline boarding pass template. Vector illustration. The concept of air transportation

    Ticket prices to rise following B.A schedule change on Accra-London-Accra route

    Bawumia calls for more AfDB support as African economies battle global challenges

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Tanzania: Prices of Original Phones Up As Fake Ones Face Ban

bycitibusinessnews
May 6, 2016
in Africa, East Africa
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The impending switch-off of fake and substandard mobile phones is sending shockwaves to dealers who have resorted to the wait-and-see-approach, resulting into am increase in prices of original handsets.

A survey by BusinessWeek at major mobile phone shops at Kariakoo has established that prices of handsets range from Sh100, 000 to Sh1.5 million, depending on the type of phone and the manufacturer.

Prices of other phones range from Sh25,000 to Sh70,000.

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However, as the June 16, 2016 approaches and all fake and substandard handsets will be switched off, dealers’ stocks of mobile phones are decreasing, sending prices of original ones up.

Until earlier this week, an original handset that fetched as low as Sh25,000 has gone up to between Sh35,000 and Sh50, 000. The phones in this category include Samsung duos 310, Tecno T483 and Nokia 108.

There is also Nokia 2250 which has gone up from Sh80, 000 to Sh130, 000.

This was the situation that a resident of Vingunguti in Dar es Salaam, Mr Abdallah Salehe, found himself in when he went to buy a new handset that was similar to the one that he had just lost last week. He bought a phone for Sh35,000 two months ago but when he went to buy a similar one last week, he was offered a new price of Sh45,000.

“Frankly speaking, the price of original phones has gone up gradually after the Tanzania Communication and Regulatory Authority (TCRA) announced to ban fake phones come June 16, 2016,” said Dotinata Joseph, who sells mobile phones at KZG Shop that is found at Kariakoo.

She said sales have also decreased during the past months as buyers’ preferences change. A drop in sales creates economic challenges to sellers and Ms Dotinata now wants the government to intervene in order to help them to remain in business.

Helen Maziga, who is a sells similar items at Kariakoo’s Gedo General Mobile Company concurred with Ms Dotinata, noting that while the move to switch-off all counterfeit mobile handsets is well intentioned, it has created confusions among buyers.

She said most buyers have lost hope about the authenticity of some of the phones available in the market. “People get scared to buy mobile phones because some of them fail to identify which one is fake and what is original,” Ms Helen said.

Kenya and Uganda embarked on a move to switch fake mobile phones in 2012, forcing traders of such products to find a new home in Tanzania.

Tanzania embarked on the exercise to switch off substandard or fake mobile phones following the launch of the Central Equipment Identification Register (CEIR) which is expected to upgrade security of phones.

CEIR intends to ensure safety for users when using mobile communications accessories including mobile phones and tablets. Also the establishment was part of implementation of the Electronic and Postal and Communications Act of 2010.

After June this year all fake and substandard or stolen communications accessories and mobile phones that will remain in the market will be no longer able to work.

–

Credit: All Africa

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