The Tanzania Investment Centre (TIC) registered 41 projects worth $339.2 million last month being 128 per cent increase as compared to 18 projects registered in February 2022. Out of 41 projects registered in February 2023, 34 per cent are fully owned by Tanzanians while 42 per cent are fully owned by Foreigners and 24 per...
On 11th March 2023, the Ministry of Water of Tanzania signed a contract with China Civil Engineering Construction Corporation (CCECC) to build a water project that will serve 28 cities in the Songea municipality. During the signing ceremony, the Deputy Minister of Water Hon. Engineer Maryprisca Mahundi explained that when the project worth TZS 145.7 billion...
Titan Lithium Inc, a US-based company, plans to expand its operations in Tanzania following the discovery of lithium deposits in the region. The company has found lithium deposits in two locations south of Mount Kilimanjaro that have the potential to make Tanzania one of the world’s leading countries in lithium production. The results of the...
The government has said the country has tight laws and regulations guiding foreign exchange trade in the wake of reports that Kenyan businesses are now sourcing dollars from Tanzania to meet manufacturers’ and general goods importers’ obligations. Kenya is currently facing an acute dollar shortage after its foreign exchange reserves dropped to a near 10-year...
Tanzania Petroleum Development Corporation (TPDC) has given the go-ahead to 20 companies to build Compressed Natural Gas (CNG) stations as part of a larger initiative to deliver cleaner and more affordable energy. TPDC’s Oil and Gas director Dr. Wellington Hudson disclosed this during a news conference here yesterday. He stated that some companies are entirely...
A ban on Tanzania’s bitter gourd exports to the European Union (EU) countries has lifted, clearing the way for the fruit to access its sprawling markets. EU Commission in Nov 2022, reported had detected an incidence of quarantine pest hosted in Tanzania’s Momordica Charantia (bitter gourd), warranting a blanket ban on the bitter gourd crop...
Tanzania and Morocco are set to finalize their talks next week for the construction of a fertilizer blending facility to be established at Kisarawe, Coastal Region. The discussion about that goal started way back in 2016. Progress has been slow until recently when President Samia Suluhu Hassan visited Senegal, where she also met with and...
The value of exports of goods and services in Tanzania increased to $12.0 billion during 2022 from $9.87 billion recorded in 2021, driven by non-traditional exports, particularly manufactured goods and minerals and services receipts from tourism according to the Bank of Tanzania (BoT) Monthly Economic Review for January 2023. “The increase in exports of manufactured...
President Samia Suluhu Hassan has announced a new commission to assess the performance of Tanzania’s embassies abroad. She made the revelation on Tuesday at the Chamwino State House in Dodoma when launching the commission for Criminal Justice Institutions tasked to assess and recommend how to improve justice. She said after two or three weeks, the...
The prominent Hollywood megastar Idris Elba plans to invest in a major film studio in Tanzania, the Director of Presidential Communication, Zuhura Yunus revealed upon briefing journalists on Monday about the outcome of President Samia’s recent trip to Davos Switzerland. Idris Elba and his wife Sabrina Elba encountered President Samia at Davos in Switzerland at...