Landmark Decision Dismisses Legal Challenge Against Tanzania’s Port Investment Deal. In a significant legal ruling today, August 10, 2023, the High Court of the Mbeya region in Tanzania has dismissed a case that contested the implementation of an investment agreement between the government of the United Republic of Tanzania and DP World, a company based...
Tanzania’s real estate realm has exhibited a steady rebound from the hurdles posed by the pandemic, as demonstrated by a noteworthy uptick in the occupancy rates of commercial properties. This resurgence serves as a testament to the gradual recovery of businesses from the pandemic’s impact. In its most recent Financial Stability Report, freshly issued this...
Despite facing challenges such as tightened global financial conditions, climate-related concerns, the ongoing conflict in Ukraine, and the lingering impacts of the Covid-19 pandemic, a recent report underscores that Tanzania’s economy remains moderately exposed to risks. The Financial Stability Report, released by the Bank of Tanzania (BoT), attributes this moderate risk profile to a robust...
Through the Medical Stores Department (MSD), the government has handed over modern generators to the District Hospitals of Lushoto and Muheza. These generators were provided in response to requests from these hospitals to MSD, aiming to enhance healthcare services for citizens. Dr Godfrey Andrew, Chief Medical Officer of Lushoto District Hospital, expressed gratitude to the...
In a press conference held yesterday in Uganda, Ugandan President Yoweri Kaguta Museveni expressed that Africa is tired of being last in everything, despite possessing a wealth of resources. President Museveni emphasised that Africa should no longer export raw materials but instead should add value to its products and sell them as manufactured goods. This...
In a groundbreaking move, Tanzania’s coffee industry experiences a rejuvenation with the launch of the ‘Tanzania National Coffee Sustainability’ curriculum. Designed in collaboration with key stakeholders, including the Tanzania Coffee Board (TCB) and the Tanzania Coffee Association (TCA), this program aims to equip agricultural extension officers with specialized knowledge in coffee production. The curriculum’s inauguration,...
The International Monetary Fund (IMF) Deputy Managing Director Bo Li has commended Tanzania for its commitment to preserving Tanzania’s macroeconomic stability in a challenging global environment adding that the authorities’ swift policy response helped contain inflation and safeguard the economy against spillovers from the war in Ukraine. “I welcomed the authorities’ continued commitment to their...
The International Monetary Fund (IMF) Deputy Managing Director Bo Li has concluded his visit to Tanzania with a firm commitment towards supporting the country’s efforts in unlocking its development potential. Mr Bo applauded the Tanzanian authorities’ efforts in implementing the country’s economic reform agenda. “I commended the authorities’ commitment to preserving Tanzania’s macroeconomic stability in...
Zaidi ya wakazi 10, 000 wa Kijiji cha Bugayambelele Kata ya Kizumbi Manispaa ya Shinyanga, wameondokana na adha ya kukosa huduma ya maji baada ya mradi wa maji ya Ziwa Victoria wa Sh270 bilioni kukamilika. Zaidi ya wakazi 10, 000 wa Kijiji cha Bugayambelele Kata ya Kizumbi Manispaa ya Shinyanga, wameondokana na adha ya kukosa...
East Africa will register the highest regional economic performance on the continent in 2023 and 2024, with growth figures at over 5 per cent, according to the newly published African Development Bank 2023 East Africa Economic Outlook. The report, launched on Thursday, 27 July, projects mid-term economic growth in the region to accelerate to 5.1%...