Amid heated debate on the involvement of a Dubai firm in the development and improvement of Tanzania’s sea and lake gateways, the Tanzania Ports Authority (TPA) came out yesterday and strongly defended the government’s position. TPA director general Plasduce Mbossa also said there was misinformation being spread by those opposed to the plan. He clarified...
Tanzania is planning to launch its 5th oil and gas licensing round by the end of 2023 to revive interest in its exploration and production sector. The country has seen a decline in activity in recent years due to anti-private sector policies under the late President John Magufuli. However, since President Samia Hassan took office...
Tanzania’s Central Bank has released its latest Monetary Policy Committee (MPC) statement, revealing that the country’s foreign exchange reserves stood at $4.9 billion at the end of April 2023. This marks a decline from the $5.5 billion recorded in April 2022. Despite the decrease, the reserves are deemed sufficient to cover 4.4 months of imports,...
According to the latest Monetary Policy Committee (MPC) Statement released by the Central Bank of Tanzania, Tanzania’s inflation is expected to remain low for the remainder of the year. This expectation is based on several factors. Firstly, there is an anticipated further decline in food and energy prices in the global market. The statement highlights...
Cryptocurrency has become an increasingly popular topic in recent years, particularly among the youth. While some have embraced this new form of digital currency, others remain skeptical or hesitant to engage with it. However, young people must understand cryptocurrency and its potential impact on the economy and society. Firstly, cryptocurrency can potentially revolutionize how we...
As individuals, we all have different life experiences and journeys, but specific skills could be valuable to learn before reaching the age of 30. These skills can help us navigate life’s challenges and prepare us for personal and professional growth. In this response, we will discuss ten essential skills one should learn before age 30....
Kuanzia mwaka 2019, jina Kigogo2014 lilijipatia umaarufu mkubwa na wafuasi wengi wa mtandaoni nchini Tanzania. Kigogo2014 ambaye jina lake halisi ni Didier Mlawa alijizolea umaarufu huo kwa machapisho yake ya utetezi wa demokrasia, haki za binadamu na ubadhirifu chini ya utawala wa Rais John Magufuli. Uanaharakati wake huo ukamjengea maadui wakubwa kwenye utawala wa Magufuli...
On 11th March 2023, the Ministry of Water of Tanzania signed a contract with China Civil Engineering Construction Corporation (CCECC) to build a water project that will serve 28 cities in the Songea municipality. During the signing ceremony, the Deputy Minister of Water Hon. Engineer Maryprisca Mahundi explained that when the project worth TZS 145.7 billion...
Private sector credit recorded an annual growth of 23.1 percent in January 2023, compared with 10 percent in January 2022 on account of supportive monetary and fiscal policies, and ongoing recovery of economic activities from adverse effects of global shocks. According to the Bank of Tanzania (BoT) Monthly Economic Review for January, 2023, credit to...
The value of exports of goods and services in Tanzania increased to $12.0 billion during 2022 from $9.87 billion recorded in 2021, driven by non-traditional exports, particularly manufactured goods and minerals and services receipts from tourism according to the Bank of Tanzania (BoT) Monthly Economic Review for January 2023. “The increase in exports of manufactured...