For the past few days, business stakeholders have been pleading the government not to offer a new contract to the Tanzania International Containers Terminal Services (TICTS) following its poor performance at the Dar es Salaam port causing unnecessary container congestion leading to shipment delays and expensiveness in conducting business. The wails of the stakeholders have...
Following the sluggish clearance of consignments at the Dar es Salaam Port by Tanzania International Container Terminal Services Ltd (TICTS), the business stakeholders have unanimously called on the government to halt renewal of the contract with the company citing its ineffectiveness and inefficiency at handling containers leading to a lot of unnecessary problems. The company...
The Executive Board of the International Monetary Fund (IMF) has completed the Third review under the 38-month arrangements under the Extended Credit Facility (ECF) and the Extended Fund Facility (EFF) arrangements. The Board’s decision allows for an immediate disbursement of $235.6 million usable for budget support, bringing Kenya’s total budget support disbursements to about $1.2082...
The government of Tanzania has earmarked a total of 400,000 hectares of land for wheat cultivation, a move aimed at ending crop shortage in the country. Hussein Bashe, the Minister of Agriculture, said the 400,000 hectares of land would be cultivated with wheat in wheat-growing regions within three years, beginning in 2022. According to the...
IMF Board approves SDR 795.58 million (about US$1,046.4 million) ECF arrangement for Tanzania, with about US $151.7 million disbursed immediately. The 40-month financing package will assist the economic recovery and address the spillovers from Russia’s invasion of Ukraine, help preserve macroeconomic stability, and support structural reforms toward sustainable and inclusive growth, drawing on the government’s...
Coal in Tanzania has become essential in transforming energy production. Tanzania’s coal reserves at estimated to be 1.9 billion tonnes. Tanzania coal is now exported to foreign markets. Tanzania’s Mchuchuma coal deposits has around 540 billion tonnes of reserves. Mining in Tanzania is one of the most vital sectors in the country Tanzania’s mining has...
Tanzania’s Cereals and Other Products Board (CPB) is set to spend US$8.7 million to finance the construction of 3 flour manufacturing plants. The first processing unit will be set up in the city of Mwanza and is set to accommodate a daily production of 125 tons of flour mixtures made from maize and cassava. The second,...
After successfully ending the radar’s supervision time, the contractor has officially handled over two radars out of four to the Tanzania Civil Authority (TCAA). Mr Kriston Mwala, who is the radar’s project manager and TCAA mechanical engineer, said that Tanzania’s airspace is now 100% safe following a successful installation of four new radars at Julius...
Executive Director of the Tanzania Petroleum Development Corporation (TPDC), Dr James Mataragio, said, “By March 2023, the Corporation will have completed the construction of four compressed natural gas (CNG) filling stations and started working on cars and homes. TPDC revealed the plan on June 8, 2022, during the signing of an agreement between TPDC and...
Uganda Investment Authority has awarded TDPC for its remarkable role in ensuring the successful implementation of the crude oil deal (EACOP) between the two East African Community members. According to TPDC Director Dr James Mataragio, Tanzania has contributed over 60% to the deal’s success with Uganda, which he confirmed yesterday at the award-receiving ceremony in...