Dodoma, Tanzania – September 20, 2025 – Tanzania has been listed by the United Nations among the countries expected to graduate from the group of Least Developed Countries (LDCs) to developing country status, following two decades of sustained economic growth, social progress, and structural transformation. The preliminary review, conducted by the United Nations Conference on...
The government has strengthened regulations to ensure Tanzanian companies play a bigger role in mining. The new rules, issued on September 12, 2025 (GN No. 563/2025), require non-indigenous firms supplying goods or services to form joint ventures with companies fully owned by Tanzanians (ITCs). Previously, ITCs could be partially foreign-owned, but now they must be...
Dar es Salaam Port, now managed by DP World, has delivered record-breaking performance in 2025, showcasing Tanzania’s growing role as East Africa’s gateway for trade and logistics. In July, the port achieved its highest monthly performance ever, handling 29,665 twenty-foot equivalent units (TEUs) of containers, nearly 15,000 roll-on/roll-off (RORO) vehicles, 381,000 tonnes of dry bulk,...
More than 1,650 residents of Kisangiro and nearby hamlets—Stesheni, Mforo and Kichwang’ombe in Mwanga District, Kilimanjaro Region—are set to benefit from a new water project designed to end decades of scarcity. The initiative, known as the Kisangiro Water Project, is an extension of the larger Same–Mwanga–Korogwe scheme, completed in June 2024, and is being implemented...
Tanzania’s commercial banks recorded a combined net profit of Sh1.2 trillion in the first half of 2025, marking a 9% increase from Sh1.09 trillion posted during the same period in 2024, according to an analysis by The Citizen. The strong performance was driven by robust growth in both interest-based and non-interest income, reflecting sustained momentum...
Tanzania has secured a major breakthrough in agricultural trade, with 16 local companies officially registered by the General Administration of Customs of China (GACC) and approved to export avocados to the Chinese market. The achievement reflects the success of President Samia Suluhu Hassan’s diplomatic efforts and her strong focus on creating international market access for...
Tourism has officially become Tanzania’s leading source of foreign exchange, surpassing gold for the first time in years and marking a major milestone in the country’s post-pandemic economic recovery. According to the Bank of Tanzania’s (BoT) Monthly Economic Review for June 2025, tourism revenues reached $3.92 billion in the year ending May 2025. This represents...
Between July and March of the 2024/2025 financial year, the Dar es Salaam Port has continued to benefit from increased private sector investment, a move that has significantly improved its performance and productivity. The port, a vital economic gateway for Tanzania, has seen marked progress due to this public-private collaboration. According to a statement from...
Motorists in Tanzania will see a slight drop in fuel prices this month, following new cap prices announced by the Energy and Water Utilities Regulatory Authority (EWURA), effective July 1, 2025. The revision aligns with the newly implemented finance act. In Dar es Salaam, petrol now sells for Sh2,877 per litre (down from Sh2,885), diesel...
Tanzania has secured a major financial boost after the International Monetary Fund (IMF) approved key programme reviews, unlocking new funding worth approximately $448.4 million (about TSh1.17 trillion). In a statement released on Friday, 27 June, the IMF confirmed the completion of its 2025 Article IV Consultation, along with the fifth review under the Extended Credit...