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...
The Minister of Foreign Affairs and East African Cooperation, Amb. Liberata Mulamula has assured the international community that Tanzania will is committed to embracing the voluntary repatriation of refugees since it heeds to human rights principles and the dignity of the people who are forced to flee their native countries for different reasons. Amb. Mulamula...
Russia’s invasion of Ukraine has forced Europe to seek other options for their energy supply and cut their dependence on Russia. Looking for substitutes for Russia’s gas, the EU has turned its eyes to Africa’s most untapped gas potential. There are multiple LNG gas producers in Africa that the EU has been importing gas from...
Since its Independence, Tanzania has never come close to signing a record-breaking contract as it signed with Shell and Equinor on LNG extraction in Lindi, one of Tanzania’s southern regions. The project will cost 70 trillion, the biggest since Independence. What does this project mean to Tanzania’s economy and development in individual lives? Tanzania will...