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...
Tanzania is planning to launch its 5th oil and gas licensing round by the end of 2023 to revive interest in its exploration and production sector. The country has seen a decline in activity in recent years due to anti-private sector policies under the late President John Magufuli. However, since President Samia Hassan took office...
In the latest Container Port Performance Index released by the World Bank, ports in Dar es Salaam, Djibouti, and Berbera have surpassed Mombasa in terms of efficiency. The main port in Kenya, Mombasa, experienced a notable decline in its ranking, dropping to position 326 out of the 348 ports evaluated worldwide in 2022. This represents...
Sumitomo Mitsui Financial Group Inc., a Japanese bank, has stated that it is not providing financing for an oil pipeline project in East Africa, joining the ranks of financial institutions distancing themselves from the controversial venture. During a media briefing on Tuesday, Chief Sustainability Officer Masayuki Takanashi clarified the bank’s position, saying, “We are not...
Tanzania’s government has allocated an additional Sh195.65 billion towards its fertilizer subsidy program, bringing the total expenditure to Sh345.647 billion as of April 2023. The move was prompted by high demand from farmers. President Samia Suluhu Hassan first introduced the program in the 2022/23 season and aims to increase productivity and efficiency in the agricultural...