Category: Tanzania

Home » Tanzania » Page 11
Tanzania Implements Strategic Measures to Boost Sunflower Production and Reduce Edible Oil Imports.
Post

Tanzania Implements Strategic Measures to Boost Sunflower Production and Reduce Edible Oil Imports.

The Tanzanian government is taking various measures to boost the production of sunflowers in order to reduce the country’s reliance on importing edible oil. Dodoma, Singida, and Manyara have been identified as strategic regions for increasing sunflower production. The government’s initiatives include providing farmers with access to quality sunflower seeds and agricultural inputs, such as...

IMF hails Tanzania for preserving macroeconomic stability amid global shocks.
Post

IMF hails Tanzania for preserving macroeconomic stability amid global shocks.

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...

IMF praises Tanzania’s compliance with economic reform plan.
Post

IMF praises Tanzania’s compliance with economic reform plan.

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...

East Africa to register highest regional economic performance in 2023 and 2024.
Post

East Africa to register highest regional economic performance in 2023 and 2024.

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%...

Fostering Aviation Rejuvenation: Tanzania-Russia Bilateral Air Services Agreement Takes Flight
Post

Fostering Aviation Rejuvenation: Tanzania-Russia Bilateral Air Services Agreement Takes Flight

Amidst the gradual recovery of air transport services from the devastating impact of the COVID-19 pandemic, a significant breakthrough has been achieved in rejuvenating the aviation industry. In a recent bilateral summit held in a serene location in Moscow, experts from the Governments of the United Republic of Tanzania and the Russian Federation convened with...

Why Tanzania picked DP World for development of Dar port.
Post

Why Tanzania picked DP World for development of Dar port.

On June 10, 2023, the Tanzanian government signed and approved the Intergovernmental Agreement (IGA) with Dubai to develop the Dar es Salaam Port. This agreement paved the way for further procedures, including the concession agreement, which would facilitate cooperation between the Tanzania Ports Authority (TPA) and DP World, a multinational logistics company based in Dubai,...

Mtwara-Mbamba Bay SGR project will be an economic game changer, Gov’t official says
Post

Mtwara-Mbamba Bay SGR project will be an economic game changer, Gov’t official says

Tanzania Railways Corporation (TRC) is finalizing its long-term plan to kick-start the mega standard gauge railway project that will link Mtwara Port and the neighbouring Southern Africa Development Community (SADC) countries. This will be the third phase of the SGR railway line to be built in the country after the first one, which starts from...

Tanzania, Uganda beat Kenya to foreign direct investments.
Post

Tanzania, Uganda beat Kenya to foreign direct investments.

Kenya has ended a five-year slide in foreign direct investment after it attracted deals worth Sh107 billion in 2022 but was still beaten by Tanzania, Uganda and Ethiopia in the race to attract investors. Findings of an annual survey by the UN Conference on Trade and Development (UNCTAD) suggest that foreign direct investment flows into...