According to the National Bureau of Statistics (NBS) in Tanzania, the country’s annual Headline Inflation Rate fell to 4.0 per cent in May 2023, compared to 4.3 per cent in April 2023. This means that the rate at which prices of goods and services changed in May 2023 decreased compared to April 2023. The overall...
Parliament is this month expected to debate and approve the Intergovernmental Agreement (IGA) between Tanzania and Dubai on developing Dar es Salaam Port, The Citizen can reveal. This will set the stage for other procedures, including the concession agreement, before the commencement of a new chapter for cooperation between the Tanzania Ports Authority (TPA) and...
Exciting prospects lie ahead as the Tanzanian Parliament gears up to discuss and endorse the Intergovernmental Agreement (IGA) between Tanzania and Dubai for the development of Dar es Salaam Port. This revelation, brought to light by The Citizen, marks the beginning of a new chapter in the collaboration between the Tanzania Ports Authority (TPA) and...
In April 2023, the President of the United Republic of Tanzania, Her Excellency Dr. Samia Suluhu Hassan, granted approval for the recruitment of 21,200 new government employees. Out of these positions, 13,130 were allocated to the teaching profession and 8,070 to various healthcare roles. Following the issuance of the employment approval, @ortamisemitz, an official government...
Tanzania is planning to launch its 5th oil and gas licensing round by the end of 2023 to revive interest in its exploration and production sector. The country has seen a decline in activity in recent years due to anti-private sector policies under the late President John Magufuli. However, since President Samia Hassan took office...
The Africa Fertilizer Financing Mechanism (AFFM), managed by the African Development Bank (AfDB), will provide the African Fertilizer and Agribusiness Partnership (AFAP) in Tanzania a $2 million partial credit guarantee to assist suppliers and importers in purchasing fertilizer for Tanzanian hub agro-dealers. Additionally, a $528,600 grant will cover 94% of the project’s recurrent costs, with...
The Kikagati-Murongo hydropower project, a joint venture between Tanzania and Uganda, has its roots in a historical background of regional cooperation and shared energy resources. The idea for harnessing the hydropower potential of the Kagera River, which forms the border between the two East African countries, dates back several years. Recognizing the immense benefits of...
Tanzania’s Central Bank has released its latest Monetary Policy Committee (MPC) statement, revealing that the country’s foreign exchange reserves stood at $4.9 billion at the end of April 2023. This marks a decline from the $5.5 billion recorded in April 2022. Despite the decrease, the reserves are deemed sufficient to cover 4.4 months of imports,...
According to the latest Monetary Policy Committee (MPC) Statement released by the Central Bank of Tanzania, Tanzania’s inflation is expected to remain low for the remainder of the year. This expectation is based on several factors. Firstly, there is an anticipated further decline in food and energy prices in the global market. The statement highlights...
In the latest Container Port Performance Index released by the World Bank, ports in Dar es Salaam, Djibouti, and Berbera have surpassed Mombasa in terms of efficiency. The main port in Kenya, Mombasa, experienced a notable decline in its ranking, dropping to position 326 out of the 348 ports evaluated worldwide in 2022. This represents...