Elsewedy Electric is in the process of making Tanzania its main hub for the production of some of its main products, including transformers and electric cables. Speaking at the factory during the permanent secretary for Investment visit, the Managing Director of Elsewedy Electric Tanzania Eng. Ibrahim Qamer said, “we are committed to ensuring Tanzania feeds...
The government has said the country has tight laws and regulations guiding foreign exchange trade in the wake of reports that Kenyan businesses are now sourcing dollars from Tanzania to meet manufacturers’ and general goods importers’ obligations. Kenya is currently facing an acute dollar shortage after its foreign exchange reserves dropped to a near 10-year...
The number of internet subscribers in Tanzania has grown from 23.8 million recorded in 2018 to 31.1 million in 2022 according to the latest report by the Tanzania Communications Regulatory Authority (TCRA). According to the report, the annual internet subscription during the past five years has grown at an average growth rate of 17% per...
President Samia Suluhu Hassan has announced a new commission to assess the performance of Tanzania’s embassies abroad. She made the revelation on Tuesday at the Chamwino State House in Dodoma when launching the commission for Criminal Justice Institutions tasked to assess and recommend how to improve justice. She said after two or three weeks, the...
In a bold move towards economic unity, the East Africa Community (EAC) has announced plans to implement a single currency within the next four years, despite the pushback by a technical working group that the deadline should be moved to 2031. He also revealed that the Council of Ministers representing the EAC is expected to...
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 Mtwara port in the south of Tanzania, famously for exporting tons of cashew nuts, is now crowded with vessels from Europe grappling to load coal to Europe to counter the prevailing energy crisis. Traditionally, Tanzania exports coal to its neighbouring countries in East Africa. Sending it further afield was out of the question, as...
1. People influence your spending This is one of the clearest signs you are living above your means. Are you swayed by your friends or family to spend money on things you have not planned for? It could be going out to dinner, buying the latest phone or even going on an unplanned vacation. Many...
Bank of Tanzania has released the report on Tanzania’s economic status ending the second quarter of 2022, which begins from April – June. In the quarter ending June 2022, the economy continued to experience spillover effects of high commodity prices in the world, as well as tight financial conditions and monetary policy tightening by central...
The government has successfully eradicated Neglected Tropical Diseases (NTDs) in 67 out of 77 found with the disease. NTDs coordination at the Ministry of Health Ambakisye Mhiche said yesterday in a strategic meeting with stakeholders to ensure the diseases are eradicated by 2030. He said the government was working hard to eliminate the disease in...