THE INSTITUTE OF FINANCE MANAGEMENT

NEWSLETTER
VOLUME 07, SEPTEMBER,2017-JANUARY,2018 ISSN NO. 0856-156

43rd IFM GRADUATION CEREMONY

The 43rd Graduation Ceremony of the Institute of Finance Management  took place on November 
24, 2017, at the Diamond Jubilee Hall. Various institutes and stakeholders were invited, including 
insurance companies, secondary school teachers, financial institutions and others. The guest of  
honor was the Minister of Finance and Planning Hon. Dr. Philip Mpango. Continues on page….2

IN THIS
ISSUE:
———————-
Masters De-
gree Gradua-
tion Cere-
mony…..pg 2
———————-
Training for
Governing
council mem-
bers …..pg 4
———————-
75th COP
Gradua-
tion…..pg 5
———————-
3rd Interna-
tional confer-
ence …...pg 5
———————-
Training on
research meth-
odology….pg 6
———–——–—
Youth Entre-
preneurship The Minister of Finance and Planning Hon. Dr. Philip Isdory Mpango (MP) (2nd L) sing-
forum…..pg 7
———–——–— ing the National Anthem during the 43rd Graduation Ceremony of The Institute of Finance
From the li- Management (IFM) held at The Diamond Jubilee Hall in Dar es Salaam. On his left is
brary….pg.. 7 IFM Board Chairperson Prof. Lettice Rutashobya and the second right is the IFM Rector
Prof. Tadeo Satta.
THE INSTTUTE OF FINANCE MANAGEMENT Newsletter,2018 Page 2

   From page ….1  avoid  the  pursuit  of  faster  val‐ He  advised  IFM  to  increase  
During  his  speech  he  gave     ues  like  corruption  and  public  more  efforts  to  address  the 
special  compliments  to  all  infidelity,  he  argued  that  they  challenges  due  to  the  He  ar‐
graduands for  their hard work  should    do  their    job  for  high‐ gued  that  the  Government  is 
that  led  them  to  pass  their      quality patriotism.   aware  of  the  contribution  of 
examinations  and  thus  qualify  Thus,  the  country  is  theirs  and  the  Institute  of  Finance  Man‐
for  receiving  certificates,  in    every  one  of  them  has  the      agement  in  addressing  the 
diplomas  and  degrees.  He     primary    responsibility to  build  shortage  of  specialists  in  the 
recognized  the  long‐efforts  a tangible Tanzania that we all  country  especially  in  Finance, 
made  by  the  entire  IFM  com‐ desire.  Insurance and Social Areas.  
munity  in  helping  the  Furthermore,  the  guest  of  Therefore  he  called  for  further 
graduands  to  reach  at  this  honor    praised  the  Institute  of  efforts  in  training  in  interna‐
stage.  Also  he  reminded  all  Finance  Management  for  its  tional  standards  for  Tanzanian 
graduates who will be working  efforts  to  design  and  improve  youth. 
in  public  service  in  the    coun‐ the  curricular  that  is  in  line 
try,  to  work  ethically,  and  with  the  labor  market  needs. 

4TH IFM MWANZA TEACHING CENTRE GRADUATION CEREMONY

The  4th  IFM‐MCT  graduation  graduands  that  they  can  face  should  know  that,  it  is  their   
th
ceremony  was  held  on  8        high  level  of  competence  in  responsibility to continue learn‐
December 2017 at MTC Grounds  dealing  with  the  challenges  in  ing ways to cope with globaliza‐
where  as    166  students  gradu‐ their workplace. She expressed  tion. 
ated. The guest of honor for the  her  great  hopes  that,  through  The  Institute’s  Rector  Prof.     
said  graduation  was  Prof.      the  knowledge  and  skill  they  Tadeo  Satta  in  his  speech  he 
Lettice  Rutashobya  the  Chair‐ acquired,  they  will  tackle  those  congratulated  graduands  for 
 
person of IFM Governing Board. challenges.  their  achievements  and    ,  he 
In  her  speech,  she  congratu‐ Furthermore, she cautioned the   also  reminded  the  graduands 
lated    all  graduates  for  the     graduands that, the    education  that  those  achievements  are 
success  they  have  achieved.   they  received  is  just  the  begin‐ part and parcel  of the carefully  
She  highlighted    that  in  any  ning  of    their  journey  to  higher  training  of  their  lecturers,  to‐
country,  development  depends  education,  especially  in  view  of  gether  with  discipline  and  hard 
on  investing  in  human             
the growth of globalization and  working  during  their  entire    
resources. Also she encouraged  labor  demand.  Therefore,  they  period at the Institute.
THE INSTTUTE OF FINANCE MANAGEMENT Newsletter,2018 Page 3

15TH INTAKE MBA –IB & 11TH MSC IT AND MANAGEMENT

GRADUATION CEREMONY
The Institute of Finance Management (IFM)  in  of  graduands  to  be  600  since  the  commence‐
collaboration  with  Indian  Institute  of  Foreign  ment of the programme in 2000.  The guest of 
  Trade (IIFT) celebrated the 15th   Intake MBA –IB  honour was Dr. Satinder Bhatia, IIFT Director of 
  graduation  ceremony  at  IFM,  about  28  stu‐ International Division. 
  dents  graduated which make the total number             
 
Also, IFM in collaboration with Avinashillingham  students  graduated  and  made  the  number  of 
University  celebrated  the  11th  graduation          
Msc  IT  and  Management  graduands  since  the 
ceremony  of  MSc.  IT  and  Management  held  at  establishment of the program 12 years ago to be 
th
IFM  on  9   January  2018.  A  total  number  of  26  76 graduands. 

The guest of honour 
was Avinashillingham 
vice chancellor Dr.      
Premavathy Vijayan.  
Graduands  were  urged 
to  make  use  of  skills 
they  acquired  in  order 
to solve numerous prob‐
lems  facing  IT  in  the  so‐
ciety. Thus should enrich 
their  academic  achieve‐
ments  with  practical  is‐
sues  in  their  areas  of 
specialization  and  dem‐
onstrate  the  compe‐
tency  through  various 
strategic actions. 
Continues on page….4  One of the graduands of Msc. IT and Management receives the
certificate from the Guest of honour Dr. Premavathy Vijayan who is
also the Vice Chancellor of Avinashillingham University
THE INSTTUTE OF FINANCE MANAGEMENT Newsletter,2018 Page 4

From page….3
 The  guest  of  honor  reminded   to  kindly  work  out on a  mecha‐ nomic  activities,  creating 
students  that,  in  any  developing  nism that would allow students    greater  competition  among  re‐
country  high  skilled  intellectual  graduating  from  MSc  IT  and  gions  infrastructure,  labour 
capital  is  relatively  needed,  Management  to  proceed    with  capital  and  other  resources 
therefore  such  collaboration  is  PhD studies at Avinashillingham  market.  
vital  mechanism  of  maximizing  University. 
the  use  of  these  resources  She  added  that,  information 
through sharing experiences.  technology  firms  have  greater 
She  urged  the  two  institutions  freedom  to  locate  their  eco‐
TRAINING FOR GOVERNING COUNCIL’S MEMBERS
The Institute of Finance Management organized a two‐day training course from 17‐19        January 2018 
for  IFM  Governing  Council  Members.  The  workshop  was  held  at  the  Institute  of  Rural  Development 
Planning in Dodoma. Eleven  members of the council including the Chairperson Prof. Lettice   

Rutashobya and vice chairperson of the 
council Ms. Juliana Lema,   attended. 
The  instructors  were  Mr  Elius       
Mwakibinga  who  is  the      retired  officer 
from the treasury Registrar’s  office and 
former IFM Governing Council  member, 
he  conducted  training  on  Governance 
while    Mr.  Angyelila    Tende  from           
National  Board  of  Accountancy  and 
Auditors  (NBAA)  conducted  training  on 
The  Role  of  Council  in  Financial  Report‐
ing  and    Auditing.  The  workshop  was 
also attended other management mem‐
bers  from  the  Institute  of  Finance  Man‐
Some of IFM Governing Council Members and IFM
agement  including the IFM Rector Prof.   Management listen attentively to the instructor Mr. Elius
Tadeo  Satta.  Mwakibinga during the Training.
THE INSTTUTE OF FINANCE MANAGEMENT Newsletter,2018 Page 5

75TH GRADUATION OF CERTIFICATE OF PROFICIENCY IN INSURANCE

(COP) HELD IN MWANZA
The  75th  certificate  of  profi‐ That  in  insurance  sector  there  Also, they were reminded that, 
ciency  in  Insurance  (COP)  are  many  opportunities  that  insurance  business  grows  rap‐
graduation  ceremony  for  can  extend  the  level  of  insur‐ idly  and  it  also  changes  regu‐
Mwanza  region  was  held  on  ance  industry  in  the  country  larly.  They  were  advised    to 
26th  January  2018  at  the  IFM  including  the  establishment  of  look  forward  to  the  develop‐
MTC in Mwanza.  a national insurance policy, the  ment  of  the  country,  region 
Nineteen  students  from  differ‐ establishment  of  a  micro‐ and the world in broader terms 
ent institutions and companies  insurance  policy  and  the  intro‐ and  become  ready  for  com‐
graduated,  the  Rector  of  the  duction  of  Islamic  Insurance  mercialization and understand‐
Institute Prof. Tadeo Satta was  Practice.  All  these  policies  will  ing  in  order  to  cope  with  the 
the guest of honour.  extend  opportunities  in  the  opportunities  of  the  East  Afri‐
The guest of honour congratu‐ insurance  industry.  Graduands  can  Community  (EAC),  the 
lated  the  graduates  and    re‐ were  advised  to  use  those  op‐ Southern African Development 
minded  them  that  insurance  portunities  to  excel  in  their   Community  (SADC)  )  and  the 
industry  is  growing  very  fast.  career.   World as a whole.

THE 3RD INTERNATIONAL CONFERENCE ON NATURAL

RESOURCES ACCOUNTING AND FINANCE
The Third International Conference on Natural Resources Accounting and Finance (ICNRAF) was 
held at the University of Dar es Salaam Business School from 14th ‐15th December 2017.This Inter‐
national Conference  was organized jointly by the Department of Accounting and Department of 
finance University of Dar es Salaam Business School (UDBS) and Department of Accounting and 
Finance, The Institute of Finance Management (IFM). The Conference was intended to seek de‐
bate on issues pertaining to business environment which have  the direct contribution to the de‐
velopment of  the  extractive  industries.  The  Conference Theme  was  “Enhancing  Business  Envi‐
ronment for Sustainable development of the Extractive Industry” and it was officially opened by 
the  Deputy  Vice  Chancellor  (Academic),  University  of  Dar  es  Salaam,  Prof.  Bonaventure  S.        
Rutinwa     continues on page….. 6 
THE INSTTUTE OF FINANCE MANAGEMENT Newsletter,2018 Page 6

from page…5
followed  by  vote  of  thanks  and 
Certificate of Appreciation to pre‐
vious  years  International  Confer‐
ence on Natural            Resources 
Accounting and Finance (ICNRAF) 
Conference  Sponsors.  This  year, 
2018there  were  20  papers,  which 
were  presented  by  scholars 
within  and  outside  the  country. 
The  Conference  was  officially 
closed  by  Director  of  Postgradu‐
ate,  Research  and  Consultancy, 
Dr.  Josephat  Lotto  on  behalf  of 
Prof. Bonaventure Rutinwa, the Deputy Vice Chancellor
the  Rector  of  the  Institute  of      (Academic), University of Dar es Salaam, delivers his speech
Finance Management (IFM).  during the official opening of the 3rd International Conference
on Natural Resources .

TRAINING ON RESEARCH METHODOLOGY

The Institute of Finance Management (IFM) in    col‐
laboration  with  the  University  of  Groningen,  the 
Netherlands  have  conducted  a  short  course  in     
Research Methodology for IFM junior staff based in 
main campus. The training was conducted from 22nd 
to  26th  January  2018  at  the  Institute.  A  total  of  14 
participants  attended  the  course,  where  8  partici‐
pants  are  junior  staff  at  the  Institute  and  6  partici‐
pants  are  from  outside  the  Institute.  The  training 
was  facilitated  was  Dr.  Bartjan  Pennink  from  the 
University of Groningen, Netherland. 
Some of the participants of the short course on research
methodology in a group photo with their facilitator Dr.
Bartjan Pennink standing at the centre back row.
THE INSTTUTE OF FINANCE MANAGEMENT Newsletter,2018 Page 7

3RD YOUTH ENTREPRENEURSHIP FORUM 
The  Institute  of  Finance  Manage‐ introductory  remarks  made  by  the  tory bodies, i.e. TBS, TFDA and oth‐
ment  through  the  Faculty  of  Eco‐ Dean  Faculty  of  Economics  and  ers are bottleneck towards startup 
nomics  and  Management  Sciences  Management  Sciences  growth,  Quality  of  our  product  in 
who        
rd
held  the 3  Youth Entrepreneurship  emphasized  on  the  need  of         
terms  of  packaging,  labeling  and 
forum  2018  on  Saturday  February  understanding the value chain and  ingredients  especially  in  business 
10th,  2018  with  the  theme:  “SME’s  intermediary  opportunities  for  startups.  Failure  to  ascertain  risk 
Development  :  Challenges  and  op‐ youth  entrepreneurs  in  line  with  issues  which  give  rise  to  fear  and 
portunities  towards  ‘Tanzania  ya   industrialization processes. Follow‐ subsequent failure for many young 
Viwanda’.   up  sessions    engaged  representa‐ entrepreneurs.  plus    other  chal‐
tives  from  public  and  private  insti‐ lenges which were also revealed. 
The  event  was  attended  by  more 
tutions  whereby  a        plenary  ses‐ During the event some former IFM 
than  800  students  also  graces  by 
sion  on  “challenges  and  solution  students who are currently pursu‐
attendee  from  public  and  private 
for  SME’s  in  Tanzania  towards   ing  business  offered  testimonies 
sector  organization  including,  Small 
‘Tanzania  ya  Viwanda’  were  articu‐ on  how  they  became  entrepre‐
Industries  Development  Organiza‐
lated. Among other things the pan‐ neurs that thrilled and inspired the 
tion (SIDO), Tanzania Private Sector 
elist contribution surrounded some  young  aspiring  entrepreneurs, 
Foundation  (TPSF),  GS1,  Trade  East 
critical    challenges as: Compliance  and,  thus  led  to  the  launching  of 
Africa,  AMSHA  and  EBI  Consulting 
issues  from  regulatory  authorities  entrepreneurship  club  with  the 
ltd.  
specifically  on  the  permits  and  aim  of  nurturing  youth  entrepre‐
The  events  were  preceded  by      standards  required  from  regula‐ neurs within the Institute. 

A cross section of IFM students and invited participants of the 3rd youth Entrepreneurship Forum
which was held on 10th February 2018 at the IFM Function Hall.
THE INSTTUTE OF FINANCE MANAGEMENT Newsletter,2018 Page 8

The IFM Tender Board in a group photo while attending Training on Public Procurement (Amendment) Act
2016, which was held at Sokoine University of Agriculture (SUA) from 22nd to 25th January 2018 in Morogoro.
The workshop were facilitated by Public Procurement Regulatory Authority (PPRA) . 

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