"Transport logistics experts are rare species in Tanzania"
Dar es Salaam: The government and private sector have been urged to establish institutions that would offer courses on transport logistics in order to meet acute shortage of experts and cater for an increasing demand of the sector. Speaking at the weekend in Dar es Salaam, the Chief Executive Officer of Dar es Salaam Transport Company (UDA), Robert Kisena, said Tanzania does not have any college which offers courses in transport logistics, which his company need most to revolutionise public transport system in the city.
“Last time we advertised in various media houses to get transport specialists to join our company. It is unfortunate to learn that we have not managed to get qualified persons todate,” he said.
Kisena said in a move to bridge the gap, his firm has recruited local transport specialists to train logistics staff for his company that seeks to change the state of things in the transport sector.
“We are also planning to establish our own training centre which will be offering courses on transport logistics to our employees and other interested firms”, he added.
The company’s master plan indicates that in a move to bring services close to the people and reduce unnecessary operational costs (dead mileage), he said, it has constructed four depots in the region. “We have depots located at our head offices in Kariakoo area, and the other three are in Mbagala, Gongolamboto and Bunju areas, which will be the points where the buses will start and end their routes,” he said.
Divulging the strategy to build the nascent public transport firm, Kisena, who is also chairman of the company, revealed that he intends to make it more public by enabling more Tanzanians to own shares through the Dar es Salaam Stock Exchange (DSE). At the moment, UDA is owned by Simon Group with 77 percent stakes, while the government has about 22 percent of shares.
s vision, the company intends to float 20 percent of its shares to the public through the Enterprise Growth Market, the process which has started. It would become the third company processing to list shares on the market. Others which are in the process and have their prospectus approved by the Capital Markets and Securities Authority are Mwanza Community Bank and Swala Energy Company Limited.
“We want to make sure that the company is owned by members of the public through the EGM in which we expect to list shares during the second quarter of this year,” he said.
Currently with s fleet of almost 400 buses in the city, Kisena says such a number has never been registered by any company in the transport history of this country, but vows that in the next ten months, the picture in the city will look more glamorous when the figure climbs up to 3,000.
UDA management under Simon Group has brought on board Africarriers Limited, sellers of imported vehicles, and Eicher, an Indian car manufacturer in a joint venture. The major shareholder of UDA is Simon Group, others are the Dar es Salaam City Council and Ministry of Finance.
The EGM was launched late last year with Maendeleo Bank being the first company to open its doors. The bank successfully completed its initial public offer (IPO) where eight million shares were on offer at the price of 500/- each.
The EGM segment is designed to enable startup, small and medium enterprises that cannot meet the requirements of the Main Investment Market Segment (MIMS) of the DSE to access the capital market for capital raising, diversification and for other corporate reasons.
“Last time we advertised in various media houses to get transport specialists to join our company. It is unfortunate to learn that we have not managed to get qualified persons todate,” he said.
Kisena said in a move to bridge the gap, his firm has recruited local transport specialists to train logistics staff for his company that seeks to change the state of things in the transport sector.
“We are also planning to establish our own training centre which will be offering courses on transport logistics to our employees and other interested firms”, he added.
The company’s master plan indicates that in a move to bring services close to the people and reduce unnecessary operational costs (dead mileage), he said, it has constructed four depots in the region. “We have depots located at our head offices in Kariakoo area, and the other three are in Mbagala, Gongolamboto and Bunju areas, which will be the points where the buses will start and end their routes,” he said.
Divulging the strategy to build the nascent public transport firm, Kisena, who is also chairman of the company, revealed that he intends to make it more public by enabling more Tanzanians to own shares through the Dar es Salaam Stock Exchange (DSE). At the moment, UDA is owned by Simon Group with 77 percent stakes, while the government has about 22 percent of shares.
s vision, the company intends to float 20 percent of its shares to the public through the Enterprise Growth Market, the process which has started. It would become the third company processing to list shares on the market. Others which are in the process and have their prospectus approved by the Capital Markets and Securities Authority are Mwanza Community Bank and Swala Energy Company Limited.
“We want to make sure that the company is owned by members of the public through the EGM in which we expect to list shares during the second quarter of this year,” he said.
Currently with s fleet of almost 400 buses in the city, Kisena says such a number has never been registered by any company in the transport history of this country, but vows that in the next ten months, the picture in the city will look more glamorous when the figure climbs up to 3,000.
UDA management under Simon Group has brought on board Africarriers Limited, sellers of imported vehicles, and Eicher, an Indian car manufacturer in a joint venture. The major shareholder of UDA is Simon Group, others are the Dar es Salaam City Council and Ministry of Finance.
The EGM was launched late last year with Maendeleo Bank being the first company to open its doors. The bank successfully completed its initial public offer (IPO) where eight million shares were on offer at the price of 500/- each.
The EGM segment is designed to enable startup, small and medium enterprises that cannot meet the requirements of the Main Investment Market Segment (MIMS) of the DSE to access the capital market for capital raising, diversification and for other corporate reasons.
source of this info is TradeMark Southern Africa Trade @ Work
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