The Treasury Registrar, Mr. Nehemia Mchechu, has announced that his office has collected a record TZS 1.028 trillion in dividends from public institutions and companies in which the government holds shares during the current financial year. This represents a 68% increase compared to the previous year’s dividend collection of TZS 611 billion — a significant...
Tanzanian businessman Mohammed “Mo” Dewji has been named East Africa’s wealthiest individual, with his net worth rising to $2.2 billion (£1.7 billion), according to Forbes’ 2025 list of Africa’s billionaires. The 49-year-old is the only person from the region to feature among the continent’s top 15 richest individuals and ranks 12th overall. Dewji also retains...
Tanzania witnessed a significant surge in investment during the third quarter of the 2024/25 fiscal year, with registered projects totaling $2.16 billion between January and March 2025. This marks a 46.72% increase compared to the $1.47 billion recorded during the same period the previous fiscal year. The sharp rise was largely fueled by a boost...
The Tanzania Investment Centre (TIC) has recorded a historic milestone in 2024, registering 901 investment projects—the highest number since the centre’s establishment in 1997. This marks a 71% increase compared to the 526 projects recorded in 2023. The surge in investment activity is attributed to key reforms, including amendments to the Investment Act No. 10...
Cashew production in Tanzania has surged by 150.61%, from 210,786 tons in the 2020/2021 season to 528,263.82 tons in the 2024/2025 season. This update was shared by Agriculture Minister Hussein Bashe during his presentation of the Ministry’s 2025/2026 budget estimates in Parliament, Dodoma. The increase follows major reforms initiated by President Samia Suluhu after taking...
The government’s decision to partner with DP World and Tanzania East Africa Gateway Limited in managing and developing parts of the Dar es Salaam Port has led to major improvements in performance and cost-efficiency. Key achievements include: Operational costs reduced from TZS 775.01 billion to TZS 685.16 billion — a 30% decrease. Ship waiting time...
The government has collected TZS 192.78 billion from online business activities, including gambling, between July 2024 and March 2025, from 1,820 officially registered companies. This information was presented today in Parliament in Dodoma by the Deputy Minister for Industry and Trade, Exaud Kigahe, while responding to a question from Special Seats MP (CCM), Dr. Ritta...
The Ministry of Agriculture has formally announced the lifting of all restrictions previously imposed on the importation of agricultural products from South Africa and Malawi. This decision follows ongoing diplomatic and technical engagements aimed at resolving the matter. A statement issued by the Ministry indicates that the governments of Malawi and South Africa have been...
In global finance, strong currencies often dominate headlines, while weaker ones remain overlooked, trapped in cycles of devaluation and economic uncertainty. Understanding weak currencies is vital for travellers, investors, and businesses, as it helps in making informed foreign exchange decisions. Currency devaluation can result from multiple factors, including inflation, trade imbalances, political instability, and central...
Since the global port operator DP World took over operations at Dar es Salaam Port’s berths 0-7 in April 2024, Tanzania has seen substantial progress in revenue generation, efficiency, and overall port management. Minister of State in the President’s Office for Planning and Investment, Prof. Kitila Mkumbo, recently highlighted these achievements while presenting the 2025/26...