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...
Serikali imetenga Tsh bilioni 18.5/- za mikopo. nafuu ya kuwezesha wajasiriamali nchini kupitia Benki ya NMB, ambayo itatolewa kwa riba ya 7%. Mkataba wa utoaji wa mikopo hiyo, umetiwa saini tarehe 6 May 2024 Jijijni Dar es Salaam na Mtendaji Mkuu wa Benki hiyo, Ruth Zaipuna na Katibu Mkuu wa Wizara ya Maendeleo ya Jamii,...
Tanzania and Rwanda are moving to open a new border post as th two countries deepen trade ties at a time when trade and political forces pull region partners in different directions. The new post will be opened in Kyerwa district in the Kagera Region to provide a second passage for people and goods and...
Tanzania’s remarkable economic trajectory has propelled it to the forefront of East Africa’s financial landscape. With Moody’s recent sovereign credit rating upgrade to B1, Tanzania surpasses regional counterparts. This leap places Tanzania ahead of Kenya, Uganda, and Rwanda, signalling a significant milestone in its economic journey. Moody’s decision to elevate Tanzania’s credit rating underscores the...
WAZIRI wa Mambo ya Nje na Ushirikiano wa Afrika Mashariki, January Makamba, amesema ziara za Rais Samia Suluhu Hassan zimeiwezesha nchi kupata miradi ya zaidi ya USD bilioni 5.6 na mtaji unaoingizwa nchini kukua kutoka USD Bilioni 1 moja mwaka 2020 hadi USD Bilioni 5.6 mwaka huu. Akizungumza katika mahojiano maalum na waandishi wa habari...