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...
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...