China’s CNOOC Ltd is planning offshore oil and gas exploration with state-owned Tanzania Petroleum Development Corporation as the East African nation seeks to boost the development of its natural resources. The joint will be conducted in the deep-sea blocks 4/1B and 4/1C held by TPDC, according to Tanzania Energy Minister January Makamba. The acreage is...
Kenya has completed the construction of its portion of a $309.26 million electricity transmission line that will allow power imports and exports with neighbouring Tanzania before the end of the year. Energy Cabinet Secretary Davis Chirchir Tuesday said Kenya was installing meters along the transmission line of 507.5-kilometres ahead of the commissioning by December. The...
According to the statement issued by the Bank of Tanzania (BoT) on Tuesday, there has been a growing trend of pricing goods and services for locals in US dollars. The central bank emphasized that this practice is a violation of directives issued in August 2007 and December 2017, which prohibit domestic payments for goods and...
Kenya’s President William Ruto has unveiled an ambitious plan to lease and revitalize five critical ports through a public-private partnership (PPP) worth $1.4 trillion. The initiative aims to enhance the country’s maritime industry and improve competitiveness along the northern corridor. Under the proposal, the Kenya Development Corporation (KDC), a development finance institution, has confirmed that...
The East African Community (EAC) has submitted the budget estimates for the 2023/2024 Financial Year to the East African Legislative Assembly (EALA), amounting to $103.842 million. This figure marks an increase from the previously approved budget of $91.57 million for the 2022/2023 Financial Year. Presenting the budget speech to the Assembly, Hon. Dr Ezéchiel Nibigira,...
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According to the National Bureau of Statistics (NBS) in Tanzania, the country’s annual Headline Inflation Rate fell to 4.0 per cent in May 2023, compared to 4.3 per cent in April 2023. This means that the rate at which prices of goods and services changed in May 2023 decreased compared to April 2023. The overall...
Parliament is this month expected to debate and approve the Intergovernmental Agreement (IGA) between Tanzania and Dubai on developing Dar es Salaam Port, The Citizen can reveal. This will set the stage for other procedures, including the concession agreement, before the commencement of a new chapter for cooperation between the Tanzania Ports Authority (TPA) and...
Exciting prospects lie ahead as the Tanzanian Parliament gears up to discuss and endorse the Intergovernmental Agreement (IGA) between Tanzania and Dubai for the development of Dar es Salaam Port. This revelation, brought to light by The Citizen, marks the beginning of a new chapter in the collaboration between the Tanzania Ports Authority (TPA) and...
In April 2023, the President of the United Republic of Tanzania, Her Excellency Dr. Samia Suluhu Hassan, granted approval for the recruitment of 21,200 new government employees. Out of these positions, 13,130 were allocated to the teaching profession and 8,070 to various healthcare roles. Following the issuance of the employment approval, @ortamisemitz, an official government...