In a historic moment, President Samia Suluhu of the United Republic of Tanzania addressed the BRICS summit on August 24, 2023, marking her as the first Tanzanian President to participate in such a platform. The summit, hosted by South Africa, the current chair of BRICS, has gathered the leaders of Brazil, Russia, India, China, and...
I have thoroughly examined the Tanzania Episcopal Conference (TEC) statement, which is a collective stance of Catholic bishops in Tanzania. In essence, these bishops oppose the investment in the Tanzanian port, asserting that the IGA contract lacks support from the majority of Tanzanians. By exercising their right to freedom of expression, TEC has effectively used...
In a notable economic shift, Tanzania witnessed a surge in its exports of goods and services, with figures reaching $12.76 billion in June 2023—a substantial leap from the $11.004 billion reported during the same timeframe in the previous year. This remarkable expansion can be attributed to the nation’s non-traditional exports, as highlighted in the Bank...
With marketers of petroleum products continuously detailing how the appreciation of the United States dollar was adversely impacting their business, resulting in a pump price rise, the Bank of Tanzania (BoT) says it was now taking at least five measures to address the situation. With the greenback now fetching Sh2,510/Sh2, 610 in bureau de Change...
The Tanzanian government is taking various measures to boost the production of sunflowers in order to reduce the country’s reliance on importing edible oil. Dodoma, Singida, and Manyara have been identified as strategic regions for increasing sunflower production. The government’s initiatives include providing farmers with access to quality sunflower seeds and agricultural inputs, such as...
The International Monetary Fund (IMF) Deputy Managing Director Bo Li has concluded his visit to Tanzania with a firm commitment towards supporting the country’s efforts in unlocking its development potential. Mr Bo applauded the Tanzanian authorities’ efforts in implementing the country’s economic reform agenda. “I commended the authorities’ commitment to preserving Tanzania’s macroeconomic stability in...
Selling feet pictures is just another way people make a lot of money from working at home, but it is a competitive industry, and a lot of effort needs to go into it. Selling feet pictures is not any different to photographers selling their pictures; it just so happens to be their feet selling the...
Kenya has completed the construction of its portion of a $309.26 million electricity transmission line that will allow power imports and exports with neighbouring Tanzania before the end of the year. Energy Cabinet Secretary Davis Chirchir Tuesday said Kenya was installing meters along the transmission line of 507.5-kilometres ahead of the commissioning by December. The...
In a significant diplomatic move, the Minister of Energy in Tanzania, the Honourable January Makamba, embarked on an official visit to China in response to an invitation from China’s Minister of Energy, Dr Jianhua Zhang of the National Energy Administration. The visit, aimed at strengthening bilateral ties, witnessed fruitful discussions between Minister Makamba and his...
The East African Community (EAC) has submitted the budget estimates for the 2023/2024 Financial Year to the East African Legislative Assembly (EALA), amounting to $103.842 million. This figure marks an increase from the previously approved budget of $91.57 million for the 2022/2023 Financial Year. Presenting the budget speech to the Assembly, Hon. Dr Ezéchiel Nibigira,...