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Tanzania’s exports skyrocket to $12.76bn/- in June 2023, propelled by non-traditional trade and tourist surge.
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Tanzania’s exports skyrocket to $12.76bn/- in June 2023, propelled by non-traditional trade and tourist surge.

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...

Tanzania’s Police Chief issues strong warning against unrest amid port investment Dispute.
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Tanzania’s Police Chief issues strong warning against unrest amid port investment Dispute.

Tanzania’s Inspector General of Police (IGP), Camillus Wambura, has issued a stark caution against potential disturbances in the wake of a port investment dispute. The warning comes as tensions rise following a court ruling that upheld an investment contract involving DP World, a Dubai-based company, and a subsequent call for protests by some dissenting parties....

Tanzania’s Largest Industrial Park Set to Create Over 600,000 Jobs, Fueling Economic Growth.
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Tanzania’s Largest Industrial Park Set to Create Over 600,000 Jobs, Fueling Economic Growth.

In the heart of Tanzania’s Kibaha district, a transformative endeavour is shaping up to redefine the nation’s economic landscape. The Industrial Park, known as the Sitotan Industrial Park, is poised to become the country’s largest industrial park, with the potential to generate over 600,000 jobs and catalyze growth across multiple sectors. Already attracting investments from...

Tanzania’s High court clears the way for DP World port investment
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Tanzania’s High court clears the way for DP World port investment

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...

Navigating Challenges: Tanzania’s Economy Shows Resilience Amidst Global Uncertainties.
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Navigating Challenges: Tanzania’s Economy Shows Resilience Amidst Global Uncertainties.

Despite facing challenges such as tightened global financial conditions, climate-related concerns, the ongoing conflict in Ukraine, and the lingering impacts of the Covid-19 pandemic, a recent report underscores that Tanzania’s economy remains moderately exposed to risks. The Financial Stability Report, released by the Bank of Tanzania (BoT), attributes this moderate risk profile to a robust...

Government delivers Heavy-Duty Generators to Lushoto and Muheza District Hospitals
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Government delivers Heavy-Duty Generators to Lushoto and Muheza District Hospitals

Through the Medical Stores Department (MSD), the government has handed over modern generators to the District Hospitals of Lushoto and Muheza. These generators were provided in response to requests from these hospitals to MSD, aiming to enhance healthcare services for citizens. Dr Godfrey Andrew, Chief Medical Officer of Lushoto District Hospital, expressed gratitude to the...

Tanzania Secures $30 Million Loan from Abu Dhabi Fund for Electricity Infrastructure Development.
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Tanzania Secures $30 Million Loan from Abu Dhabi Fund for Electricity Infrastructure Development.

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...

African Leaders Advocate for Equitable Trade Relations and Value Addition to Combat Poverty.
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African Leaders Advocate for Equitable Trade Relations and Value Addition to Combat Poverty.

In a press conference held yesterday in Uganda, Ugandan President Yoweri Kaguta Museveni expressed that Africa is tired of being last in everything, despite possessing a wealth of resources. President Museveni emphasised that Africa should no longer export raw materials but instead should add value to its products and sell them as manufactured goods. This...