Landmark Decision Dismisses Legal Challenge Against Tanzania’s Port Investment Deal. In a significant legal ruling today, August 10, 2023, the High Court of the Mbeya region in Tanzania has dismissed a case that contested the implementation of an investment agreement between the government of the United Republic of Tanzania and DP World, a company based...
Tanzania and the Abu Dhabi Development Fund of the United Arab Emirates have signed a low-interest loan agreement of $30 million, equivalent to 70 billion Tanzanian shillings. This loan is intended to construct a 220 kV power transmission line from Benaco to Kyaka and expand the Kyaka Power Substation in the Kagera region. The signing...
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 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,...
Global presence, experience and approach DP World has over 30 years of experience managing ports and terminals around the world, including our flagship Port of Jebel Ali and Jafza (Jebel Ali Free Zone) in Dubai. We are a leader in global end-to-end supply chain logistics – our comprehensive range of products and services covers every...
The Africa Fertilizer Financing Mechanism (AFFM), managed by the African Development Bank (AfDB), will provide the African Fertilizer and Agribusiness Partnership (AFAP) in Tanzania a $2 million partial credit guarantee to assist suppliers and importers in purchasing fertilizer for Tanzanian hub agro-dealers. Additionally, a $528,600 grant will cover 94% of the project’s recurrent costs, with...
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...
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...
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...
Tanzania continues to improve the investment climate through regulatory reforms. During the month of February 2023, the government has tabled before the Parliament a bill to amend the Public-Private Partnership Act through GN No. 2 of 2023. The bill proposes to amend the PPP act, Cap 103 [RE 2018] by removing the obligation for a...