Tanzania’s foreign exchange reserves can now cover only 4.2 months of imports, the shortest five-year period. The Bank of Tanzania has attributed this to the economic consequences of the war in Ukraine. Russia’s invasion of Ukraine in February 2022 triggered rising energy costs, surges in commodities prices, and significant damage to the global value chains....
President Samia Suluhu’s 4Rs philosophy, which includes Reconciliation, Resiliency, Reforms, and Rebuilding, seems to sit well with Chadema’s supreme leader, Freeman Mbowe, as he believes to be the cornerstone toward resolving contemporary issues affecting the country’s social, political and economic issues. Chadema national chairman Freeman Mbowe has revealed his party’s decision to continue holding discussions...
By Hamza Bavuai, Unguja The 8th phase government in Zanzibar under the leadership of HE. Dr Hussein A. Mwinyi has prioritized deliberate efforts to attract investment in Zanzibar. A very tall order, all things considered, seeing as President Mwinyi took office in the middle of a global pandemic. The fact that a significant portion of...
The Kisutu Resident Magistrate court has adjourned the case against former Dar es Salaam Regional Commissioner Paul Makonda and William Malecela, famous as Lemutuz to November 23, this year. The court decision comes after the State Attorney Wambeya who is defending Patrick Kamwele requested the court to be given 14 days to reply the counter...
The agriculture Seeds Agency (ASA) is set to install modern irrigation infrastructures at its three seeds production farms in Morogoro, Tabora and Arusha Regions. The TZS 8 billion project will cover the Msimbe seeds Farms in Kilosa – Morogoro (200 hectares), Kilimi Farms – Nzega in Tabora (400 hectares) and the Ngaramtoni Farms in Arusha...
Zitto Kabwe, an outspoken opposition leader and the leader of the fledging oppositional party ACT Wazalendo in Tanzania, has praised the underway political reconciliation strategy pioneered by Her excellency President Samia Suluhu. President Samia’s political reconciliation strategy aims to create a congenial political environment in Tanzania that would leverage socio-economic and political development. At Lake...
By President Samia Suluhu In 2007, the United Nations General Assembly decided to announce countries worldwide to celebrate Democracy Day every day, 15 September of each year. This day is celebrated for promoting democracy in every country with sound systems. So, today, we as a country should discuss facing our democracy. In celebrating this day,...
1. People influence your spending This is one of the clearest signs you are living above your means. Are you swayed by your friends or family to spend money on things you have not planned for? It could be going out to dinner, buying the latest phone or even going on an unplanned vacation. Many...
Kenyan grain traders seeking to import maize from Tanzania will now be required to register their companies in Dar es Salaam as the country imposes stricter rules to protect its commodities and jobs from shifting abroad. The new measure by Tanzania, which comes as a new trade barrier between the two countries, will impact Kenya’s...
According to the latest National Bureau of Statics released on 8th September 2022, Tanzania’s annual inflation for August has slightly increased to 4.6% in August from 4.5% in July. The increase headline inflation explains that the speed of the price change for commodities for the year ended August 2022 has increased compared to the speed...