President Samia Suluhu’s New Year address unveils a robust economic strategy with a primary focus on agriculture. The substantial increase in the agricultural budget from TZS 751 billion to TZS 970 billion signifies a determined effort to fortify the backbone of Tanzania’s economy. The expressed goal of achieving a 10% annual growth rate in the...
President Samia Suluhu, in her New Year speech, provides insights into Tanzania’s economic strategies, particularly in tax collection and the pivotal production sectors. The announcement of a remarkable 8% increase in tax collection, totalling TZS 22.6 trillion for the fiscal year ending June 2023, signifies a positive trend in revenue generation. This growth aligns with...
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...
The Rural Water and Sanitation Agency (RUWASA) in Geita Region is taking decisive steps to combat water scarcity by recently signing five contracts totaling 4.9 billion TZS. The projects, presented by RUWASA’s Geita Regional Manager, Engineer Jabiri Kayilla, include the purchase of water pipes and the construction of essential water infrastructure. Two contracts, valued at...
Tanzania is making a significant shift from a reserve money policy to a short-term interest rates policy next month after a decade of preparations. The Monetary Policy Committee (MPC) has approved this move to control inflation using interest rates, aligning with global practices. The new policy, focusing on short-term interest rates, is a departure from...
A total of 118 people have lost their lives, with 580 others injured following an earthquake that occurred overnight on Tuesday, December 19, 2023, in China. According to Reuters, the earthquake, measuring 6.2 on the Richter scale, struck the mountainous region on the northern edge of the Qinghai-Tibet Plateau. Rescue efforts have been challenging due...
As the curtain falls on 2023, the government is celebrating a myriad of diplomatic successes, ranging from fostering new investments and trade partnerships to fortifying bilateral relationships across the globe. The Minister for Foreign Affairs and East African Cooperation, Mr. January Makamba, unveiled the substantial gains achieved through foreign missions led by top government officials....
Tanzania has experienced a 19% increase in foreign tourist arrivals as of September this year, compared to the pre-COVID-19 peak in 2019, according to a report released on November 30, 2023, by the United Nations World Tourism Organization (UNWTO) here. The report, titled “World Tourism Barometer” November edition, reveals that with this growth, Tanzania secures...
In a significant legal development, the High Court of Tanzania in the Dar es Salaam Region has delivered a verdict in favor of Halima Mdee and her fellow Members of Parliament. This ruling stems from a case they brought against the Chama Cha Demokrasia na Maendeleo (CHADEMA) party’s decision to expel 19 Members of Parliament....
By Kheri Mahimbali Increased contribution to GDP The mining sector’s contribution to the country’s gross domestic product (GDP) reached 9.1% in 2022, demonstrating its vital role in the national economy (from 6.7% in 2020). Strong growth The sector also experienced significant growth, reaching 10.9% in 2022. This positive trend indicates the sector’s resilience and potential...