Tanzania’s President will use Tsh. Billion 130/- to construct the electricity substation Chalinze Line is a 400kV overhead line of 160km from Julius Nyerere Hydropower Station, Morogoro, Tanzania, to Chalinze, Pwani, Tanzania. The construction works on the JNHPP – Chalinze Line project commenced in 2021, and commissioning is expected in 2022. When completed, it will...
The government has allocated Tsh 150 billion to cover fertilizer subsidies that will be distributed to farmers in the country to provide relief to the farmers in fertilizers price that has been fluctuating in the world market. President Samia Suluhu Hassan is expected to launch a fertilizer subsidy program at the peak of the Nanenane...
At what age should you let your child use social media? We are in the age of social media. We use our phones for entertainment, education, communication, financial transactions, etc. Kids as young as six months old are already watching ‘baby shark’ on YouTube. But the internet is a very dangerous place, with sexually explicit...
The high-level business delegation has arrived in Tanzania to seek trade and investment opportunities in the agriculture and livestock value chain. Tanzania Investment Centre welcomed the delegation on July 17, 2022. Speaking with the delegation during the meeting on Tuesday in Dar es Salaam, the Deputy Minister for Investment, Industries and Trade, Exaud Kigahe, assured...
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...