In a press conference held yesterday in Uganda, Ugandan President Yoweri Kaguta Museveni expressed that Africa is tired of being last in everything, despite possessing a wealth of resources. President Museveni emphasised that Africa should no longer export raw materials but instead should add value to its products and sell them as manufactured goods. This...
Professor Mussa Assad, the retired Controller and Auditor General (CAG) of the Government, who also holds over three decades of experience as a university lecturer, recently shared his insights on the issue of port investment in Tanzania. During a segment on Channel Ten’s “Dira ya Uchumi” television program, he addressed concerns that have arisen in...
In a groundbreaking move, Tanzania’s coffee industry experiences a rejuvenation with the launch of the ‘Tanzania National Coffee Sustainability’ curriculum. Designed in collaboration with key stakeholders, including the Tanzania Coffee Board (TCB) and the Tanzania Coffee Association (TCA), this program aims to equip agricultural extension officers with specialized knowledge in coffee production. The curriculum’s inauguration,...
With marketers of petroleum products continuously detailing how the appreciation of the United States dollar was adversely impacting their business, resulting in a pump price rise, the Bank of Tanzania (BoT) says it was now taking at least five measures to address the situation. With the greenback now fetching Sh2,510/Sh2, 610 in bureau de Change...
The Tanzania Investment Centre (TIC) has witnessed a remarkable increase of 26.1 per cent in newly registered projects during the period between July 2022 and June 2023, compared to the previous fiscal year of July 2021 to June 2022. In the 2020/2021 financial year, 234 projects were registered, while 273 investment projects were registered in...
The Tanzanian government is taking various measures to boost the production of sunflowers in order to reduce the country’s reliance on importing edible oil. Dodoma, Singida, and Manyara have been identified as strategic regions for increasing sunflower production. The government’s initiatives include providing farmers with access to quality sunflower seeds and agricultural inputs, such as...
The International Monetary Fund (IMF) Deputy Managing Director Bo Li has commended Tanzania for its commitment to preserving Tanzania’s macroeconomic stability in a challenging global environment adding that the authorities’ swift policy response helped contain inflation and safeguard the economy against spillovers from the war in Ukraine. “I welcomed the authorities’ continued commitment to their...
Niger is a major supplier of uranium for French nuclear power plants, making General Abdourahamane Tchiani’s coup d’état more than a military matter for the European nation. On Niger’s Independence Day, 3 August, demonstrators are again out on Niamey streets waving anti-French slogans. French President Emmanuel Macron has said he will not tolerate any attack...
The International Monetary Fund (IMF) Deputy Managing Director Bo Li has concluded his visit to Tanzania with a firm commitment towards supporting the country’s efforts in unlocking its development potential. Mr Bo applauded the Tanzanian authorities’ efforts in implementing the country’s economic reform agenda. “I commended the authorities’ commitment to preserving Tanzania’s macroeconomic stability in...
The International Monetary Fund (IMF) Deputy Managing Director Bo Li has concluded his visit to Tanzania with a firm commitment towards supporting the country’s efforts in unlocking its development potential. Mr Bo applauded the Tanzanian authorities’ efforts in implementing the country’s economic reform agenda. “I commended the authorities’ commitment to preserving Tanzania’s macroeconomic stability in...