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...
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...
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...
If you’re like many new entrepreneurs, you’re fired up about your business idea and eager to launch your company into the world. But it’s worth stepping back and making sure you avoid some common mistakes that plague many new businesses. Making the right moves, in the beginning, can help you avoid major headaches later on....
According to the latest National Bureau of Statics released on 8th September 2022, Tanzania’s annual inflation for August has slightly increased to 4.6% in August from 4.5% in July. The increase headline inflation explains that the speed of the price change for commodities for the year ended August 2022 has increased compared to the speed...
The National Bureau of Statistics has released its report on National Consumer Price Index (NCPI) for July 2022. The annual headline inflation rate for July 2022 has slightly increased to 4.5% from 4.4% recorded in June 2022. The increase in headline inflation explains that the speed of price change for commodities for the year...
East African Community partner states have failed to agree on which should host the East African Monetary Institute (EAMI), on the key establishments a single currency regime. The East African Community partners submitted their pitches to host the institute that would later transform into a regional central bank. But the EAMI has become a hot...
AD Ports, Hong Kong operator, and port investor Hutchison Ports will work together to expand operations across the GCC, Asia and Africa. Dar es Salaam Port The two organizations will partner in Tanzania to explore further opportunities to enhance the market competitiveness of ports across the country, including Dar es Salaam Port. Areas of opportunity include...
The below report is the summary from the National Bureau of Statistics of Tanzania released on July 11, 2022 Tanzania’s annual inflation rate accelerated in June, the country’s national bureau of statistics said Monday. The 12-month headline inflation rate rose to 4.4% in June from 4.0% in May, the statistics bureau said in its July...