In a significant stride towards sustainable energy solutions, 44 clean cooking energy enterprises have earned grant funding from the CookFund program, a venture funded by the European Union (EU) and managed by the UN Capital Development Fund (UNCDF). The grants, totaling 9.4 billion Tanzanian Shillings, mark the successful conclusion of the program’s second call for...
In a heart-wrenching turn of events, the Tanzanian Ministry has confirmed the demise of Mr. Clemence Felix Mtenga, a vibrant Tanzanian youth, amidst the chaos that unfolded during the clashes on October 7, 2023, in Israel and the Palestinian territories, specifically Gaza. The news was met with profound sorrow and regret by the authorities, as...
This comprehensive view provided by the DP World CEO underscores Tanzania’s emerging role as a gateway to African trade, highlighting the importance of infrastructure development and international collaboration in realizing this vision. This insight follows the recent 30-year concession agreement with the Tanzania Ports Authority for the Port of Dar es Salaam. Bin Sulayem highlighted...
In a visionary move, Minister of Foreign Affairs and East African Cooperation, January Makamba, is calling on Tanzanians worldwide to join the Diaspora Digital Hub. Speaking during a meeting in the Netherlands, Makamba emphasizes the initiative’s goal of integrating the diaspora into Tanzania’s development plans. The Tanzanian Government unveiled its plans in March 2023 to...
In the fiscal year ending September, private sector credit expansion decelerated to 19.5%, showcasing a noteworthy shift from the 22% recorded in the previous year. This downtrend is attributed to the favorable business environment fostered by comprehensive reforms. The Bank of Tanzania, in its October economic review, highlighted the role of supportive monetary and fiscal...
Ethiopian Prime Minister Abiy Ahmed’s recent call for direct access to the Red Sea has sparked concerns about potential conflicts in the Horn of Africa. Ethiopia lost its direct sea access in 1993 when Eritrea gained independence. Abiy’s proposal aims to boost Ethiopia’s economy, strengthen its Navy, and enhance regional influence. Addressing party officials in...
Arusha city’s atmosphere shifted dramatically as heavy rains set in just before the commencement of a historic gala. Over 100 tour and travel agents from the United States touched down in the renowned Northern Circuit, the heart of Tanzania’s tourism. Welcoming the distinguished guests were Mr. John Mongera, Arusha Regional Commissioner, and key figures like...
In a significant move, Saudi Arabia is poised to enter into agreements worth SR2 billion ($533 million) with various African countries. This announcement was made by the Kingdom’s Finance Minister, Mohammed Al-Jadaan, during the Saudi-Arab-African Economic Conference in Riyadh. These agreements will be facilitated through the Kingdom’s Fund for Development and will encompass a diverse...
Tanzania’s trade landscape witnessed noteworthy shifts between 2021 and the anticipated trends for 2023. Over this period, exports of goods and services surged by 43%, underscoring Tanzania’s effective expansion into international markets. In contrast, imports soared by 61%, surpassing the export growth rate and exacerbating the trade deficit. The balance of payments, reflecting the difference...
President Samia Suluhu Hassan has dissolved the Tanzania Communications Regulatory Authority (TCRA)’s Board of Directors. The TCRA board, previously chaired by Engineer Othman Sharif Khatib, was officially dissolved on November 7th, 2023. The statement issued by the Directorate of Presidential Communications early Tuesday states the President appointed Ambassador James Bwana to represent Tanzania in South...