A total of 53,600 Tanzanians expected to be employed by the new 329 registered investment projects by both local and foreign investors. Dr. Mwigulu, Finance and Planning Minister, unveiled this information before in the national assembly when presenting the National Development Plan for 2023/24 and guidelines for the proposed revenue and expenditure for the next...
The agriculture Seeds Agency (ASA) is set to install modern irrigation infrastructures at its three seeds production farms in Morogoro, Tabora and Arusha Regions. The TZS 8 billion project will cover the Msimbe seeds Farms in Kilosa – Morogoro (200 hectares), Kilimi Farms – Nzega in Tabora (400 hectares) and the Ngaramtoni Farms in Arusha...
Tanzania’s President Samia has presented $18 billion plan to build renewable power generation in southern Africa at talks in Egypt as leaders from the continent seek to increase climate finance in the region. Under the proposal, a bloc of 12 countries in the region would increase generation by about 8.4 gigawatts from sources such as...
Tanzania will sign key agreements with oil majors, including Equinor ASA and Shell Plc, next month to pave the way for a planned $40 billion liquefied natural gas export project, according to the nation’s Energy Minister January Makamba. “It’s happening,” January Makamba said in an interview in Sharm el-Sheikh, Egypt, where he is attending the...
Several scheduled flights were on Friday cancelled as Kenya Airways (KQ) pilots vowed to begin a strike today on claims the airline’s management failed to address their grievances. A crisis meeting between the Kenya Airline Pilots Asociation (Kalpa) and Transport Cabinet Secretary Kipchumba Mukomen yesterday failed to reach a deal by the time of going...
East African Community has one of the highest sea freight charges in the world, a development that sends commodity prices up. Members of the private sector are now drafting key recommendations to see member states cutting down on sea freight costs to foster regional economic growth. According to the chief executive officer for the East...
Zitto Kabwe, an outspoken opposition leader and the leader of the fledging oppositional party ACT Wazalendo in Tanzania, has praised the underway political reconciliation strategy pioneered by Her excellency President Samia Suluhu. President Samia’s political reconciliation strategy aims to create a congenial political environment in Tanzania that would leverage socio-economic and political development. At Lake...
President Samia’s 4-day visit to the western region of Tanzania Kigoma has witnessed the launching of several crucial development projects such as hospitals, roads, electricity transmission projects and ports. One crucial and strategic project for which President Samia Suluhu laid the foundation is Kibirisi port’s expansion. The expansion involves improvements to the three ports of...
The Energy and Petroleum Regulatory Authority (EPRA) has revealed that it is considering giving a licence to Tanzanian firm Taifa Gas Investment to construct a liquefied petroleum gas (LPG) import and storage terminal in Mombasa. The announcement comes after President William Ruto held bilateral talks with her Tanzanian counterpart Samia Suluhu. EPRA said it would review an...
Moody’s Investor’s Service deals with delivering independent, in-depth and transparent opinions on credit risk through its credit ratings. The company has recently changed its outlook toward Tanzania from stable to positive. The outlook change to positive reflects moody’s view that political risks have lessened under the government’s new approach to promoting economic development with the...