In a significant legal development, the High Court of Tanzania in the Dar es Salaam Region has delivered a verdict in favor of Halima Mdee and her fellow Members of Parliament. This ruling stems from a case they brought against the Chama Cha Demokrasia na Maendeleo (CHADEMA) party’s decision to expel 19 Members of Parliament....
The International Monetary Fund (IMF) has given its approval for the second review of Tanzania’s Extended Credit Facility Arrangement. This means Tanzania will receive an immediate disbursement of approximately $150.5 million to support its budget. The total access under this arrangement for Tanzania is now about $455.3 million. This arrangement aims to help Tanzania recover...
In October 2023, Tanzania experienced a reduction in its current account deficit, which decreased to $3.26 billion compared to the previous year’s figure of $4.99 billion. This positive development was attributed to heightened earnings from seasonal tourism activities and traditional exports, as reported by the Central Bank. The Monthly Economic Review for November 2023 from...
In a strategic move reflecting their commitment to excellence and continual growth, Dubai Ports’ “Kigali Logistics Platform” in Masaka sector, Kicukiro district, inaugurated two spacious warehouses on December 6. The new facilities, covering 2500 and 3000 square meters, mark a significant expansion, bringing the total to twelve warehouses within the past four years. Various officials...
In response to the devastating mudflows disaster that struck Hanang District in Manyara Region last Sunday, the government has initiated a comprehensive plan to relocate affected citizens. The Minister for Lands, Housing, and Human Settlements Development, Mr Jerry Silaa, recently conducted an inspection of an alternative site in Katesh Township, accompanied by Acting Hanang Land...
In a data-driven analysis of Tanzania’s insurance sector, the surge witnessed in recent times can be dissected through the lens of specific initiatives championed by President Samia Suluhu’s administration. Gross Written Premiums (GWP) Growth The standout metric showcasing the industry’s robust health is the Gross Written Premiums (GWP). From TZS 911.5 billion in 2021, the...
President Samia Suluhu’s recent address at COP28 in Dubai has reverberated with urgency, underscoring the critical need for concrete action on climate change. This in-depth analysis delves into the nuances of her speech, examining the President’s dynamic tone, concerns, and the resounding call to unite, act, and deliver on the global stage. The Tanzanian leader’s...
EACOP (East African Crude Oil Pipeline) has successfully delivered 339 houses as part of its housing replacement initiative in Songakibaoni Village, Muheza, Tanga Region. Wendy Brown, the EACOP General Manager for Tanzania, highlighted the significance of this housing program in supporting households affected by land acquisition, emphasizing the collaboration with local contractors to empower communities...
Uganda is set to secure a $150 million loan from China’s Export Import Bank (Exim) to enhance its internet infrastructure, as revealed by the finance ministry on Monday. This move highlights Uganda’s growing dependence on Chinese lenders, following the World Bank’s suspension of new lending earlier this year in response to Uganda’s anti-homosexuality law. During...
In a recent turn of events, Ms. Pauline Philipo Gekul, former Deputy Minister for Constitution and Legal Affairs, has been granted bail after a session of questioning at Babati Police Station on Sunday evening. The Member of Parliament representing Babati Urban and the proprietor of Paleii Lake View Garden is entangled in serious accusations of...