SWALA Oil and Gas (Tanzania) has shown its intention to go public by listing its shares on Enterprise Growth Market (EGM) to boost its exploration drive.

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.