The East African region is poised for an intense economic race, as projections suggest that Tanzania may overtake Kenya in terms of economic supremacy in the next 10 years. The International Monetary Fund (IMF) estimates that Tanzania’s economy, currently valued at $85.4 billion (Sh200 trillion), is expected to grow to $136 billion by 2028. In...
President Samia Suluhu Hassan announced that maternal deaths among mothers have decreased from 530 maternal deaths per 100,000 live births in 2015/2016 to 104 maternal deaths per 100,000 live births in 2022. She made these remarks on October 28, 2028, during the launch of the Maternal and Child Health Research Report and Malaria Indicators in...
Tanzania’s current account deficit narrowed to $4.02 billion in August this year compared to $4.26 billion recorded during the preceding month of July, according to the Bank of Tanzania (BoT) Monthly Economic Review for September. “Notwithstanding the shocks, the current account balance has improved, attributed to heightened seasonal earnings from tourism activities,” the Central Bank...
In a watershed moment for African leadership, Dr. Tulia Ackson has clinched victory as the President of the Inter-Parliamentary Union (IPU). This remarkable win not only crowns her distinguished career but stands as a testament to the strength, resilience, and visionary leadership she brings to the global stage. I take pride in noting that I...
The President of the United Republic of Tanzania, Honorable Samia Suluhu Hassan, joined President Hakainde Hichilema of Zambia to lay wreaths at the Tower of Freedom of Zambia. President Samia placed this wreath as a sign of respect and recognition for those who led the struggle for the country’s independence in 1964. After laying a...
A new survey of international and domestic investors has revealed that Tanzania is the third most preferred investment destination in Africa and the best in East Africa Top 10 countries for future investments in sub-Saharan Africa: 1. South Africa 2. Nigeria 3.Tanzania 4. Ghana 5. Kenya 6. Mauritius 7. Zambia 8. Uganda 9. Mozambique 10....
The Tanzanian government recently disbursed $30 million (TZS 76.5 billion) to Winshear Gold Corp as part of an out-of-court settlement, resolving an investment dispute with the Canadian company. Winshear had initiated legal action at the International Centre for Settlement of Investment Disputes (ICSID), seeking approximately $100 million in damages resulting from the Tanzanian government’s cancellation...
India is the fifth largest investor in Tanzania, with about $3.7 billion in investments. The two countries have also signed six MoUs in communications, maritime security and sports. Tanzania has set a target of receiving $15 billion in Foreign Direct Investment (FDI) from India by 2025, Tanzanian President Samia Suluhu Hassan said on October 10....
In a significant step towards advancing its economic development and infrastructure initiatives, Tanzania has officially become a member of the Asian Infrastructure Investment Bank (AIIB). The milestone was achieved during the AIIB’s eighth Annual Meeting in Sharm El Sheikh, Egypt, where the applications of three economies, including El Salvador, Solomon Islands, and Tanzania, were approved...
On October 10, 2023, the renowned Jawaharlal Nehru University in India conferred an Honorary Doctorate (Doctorate Honoris Causa) upon the President of Tanzania, Samia Suluhu Hassan, making her the first woman to receive such an honour from the university. President Samia received this honorary doctorate almost a year after the University of Dar es Salaam...