The adoption of a new monetary policy in Tanzania signifies a shift towards an interest rate-based framework aimed at maintaining price stability and supporting sustainable economic growth. The Bank of Tanzania (BoT) announced this change, emphasizing its alignment with international best practices and commitment to harmonizing monetary policy frameworks within the East African Community and...
Anticipated developments in Tanzania’s liquefied natural gas (LNG) sector are on the horizon as the government and international investors aim to finalize agreements for an LNG plant next month. Following ongoing negotiations between Tanzania and major global oil companies, Mr. Charles Sangweni, the director general of the Petroleum Upstream Regulatory Authority (PURA), revealed that the...
Over the weekend, 25 households, comprising 172 residents and 213 livestock, bid farewell to Ngorongoro Conservation Area (NCA) in Arusha. The send-off ceremony, held at the NCA offices in Karatu, celebrated their decision to relocate voluntarily to other parts of Simiyu and Arusha Regions. NCA Conservation Commissioner Richard Kiiza, addressing the departing residents, urged them...
President Samia Suluhu’s update on the energy sector in her New Year address highlights the challenges faced and the strategic measures taken to address the persistent issue of power shortages in Tanzania. The acknowledgement of a prolonged history of power rationing sets the context for the government’s decisive action in 2017—the initiation of the Julius...
President Samia Suluhu’s New Year address provides a comprehensive insight into the advancements and strategic investments in the transportation sector, reflecting the government’s commitment to infrastructure development and economic growth. In the realm of land transportation, the ongoing projects in road, bridge, and ferry construction across various regions signify a concerted effort to enhance connectivity...
President Samia Suluhu’s New Year address highlights the significant strides made in the tourism sector, pointing towards a positive trajectory in Tanzania’s global appeal. The statistics presented indicate a substantial increase in tourist arrivals and revenue generated from October last year to October 2023, showcasing the sector’s resilience and the effectiveness of government efforts. The...
President Samia Suluhu’s New Year speech provides a comprehensive overview of Tanzania’s economic landscape, focusing on key aspects that underline the government’s efforts in ensuring stability, growth, and fiscal responsibility. In her address, President Samia highlights the implementation of robust fiscal policies aimed at safeguarding the economy. The emphasis on price stability, growth stimulation, and...
In a momentous development, key players in Tanzania’s economy are expressing optimism about the imminent operation of the Julius Nyerere Hydroelectric Power Plant (JNHPP). This project is anticipated to become a catalyst for industrial growth and trade promotion in the region. Deputy Prime Minister and Minister for Energy, Dr. Doto Biteko, recently declared that the...
Recently, social media has been ablaze with controversy sparked by a renowned American hunter named Josh, who shared a video showcasing his capture of a giant crocodile in Tanzania. The video, featuring the crocodile suspended from a tree, stirred public outrage, prompting politicians and activists to seek clarification from relevant authorities. This incident highlights many...
Tanzania, represented by the Tanzania Shipping Agency Cooperation (TASAC), has signed a significant contract valued at 1.7 million US dollars with Turkish contractor Loca Muhendislik Gemi Makine Plastik Ve Gida San Tic.L.td.Sti. The contract aims to construct a specialized ambulance boat to address first aid challenges and provide initial treatment for individuals facing difficulties while...