Investment value surges by 80% President Samia’s economic diplomacy and improved business environment drive investment growth. The Tanzania Investment Center (TIC) has registered projects worth $1.4 billion (approximately TZS 4 trillion) in the last three months of the past year. This marks an 80% increase compared to projects valued at $769.6 million registered in the...
In a remarkable upswing, the bilateral trade between Tanzania and India is poised for exponential growth, solidifying Tanzania’s standing as India’s third-largest trade partner in Africa by the 2023/24 fiscal year. Projections indicate a surge in trade volume, reaching an impressive 6.5 billion US dollars (approximately 15 trillion Tanzanian shillings) in 2023/24, up from the...
The International Monetary Fund’s World Economic Outlook predicts a robust 5.9 percent economic growth in the East African Community (EAC) this year. Tanzania stands out for leading the EAC in reducing inflation, with a projected four per cent, down from 4.4 per cent last year. Uganda and Kenya follow with projected inflation rates of 5...
The International Court of Justice (ICJ) in The Hague commenced a two-day hearing on South Africa’s genocide case against Israel over the Gaza war. Amidst the proceedings, Israeli forces continued to bombard the Gaza Strip, resulting in over 100 Palestinian deaths and nearly 200 injuries within 24 hours, as reported by the Gaza Ministry of...
In a case challenging Israel’s national identity, South Africa has formally accused the country of committing genocide against Palestinians and appealed to the United Nations’ top court to order an immediate halt to Israeli military operations in Gaza. Israel, founded in the aftermath of the Holocaust, vehemently denies the allegations and, in an unusual move,...
The Chama cha Demokrasia na Maendeleo (Chadema) has submitted four major proposals to the Parliamentary Committee on Administration, Constitution, and Legal Affairs regarding amendments to election laws presented by the government in Dodoma in November 2023. Our correspondent reports from Dar es Salaam… (continue). The proposals were presented on January 10, 2024, by the Secretary-General...
In a recent revelation, Tanzania has clinched the title of the second-largest tobacco producer in Africa for the 2022/2023 season, achieving a momentous milestone for the nation. Minister for Agriculture Hussein Bashe took to his social media platform to announce this notable feat, shedding light on Tanzania’s impressive surge in tobacco production. Witnessing a substantial...
Tourism revenues experienced a substantial surge, increasing by 37.5 percent to reach $3.3 billion in the period up to November 2023, as revealed in the Bank of Tanzania’s monthly economic review for December 2023. Concurrently, tourist arrivals exhibited a notable rise of 27 percent, totaling 1.797 million visitors. This robust growth in the tourism sector,...
Over the weekend, 25 households, comprising 172 residents and 213 livestock, bid farewell to Ngorongoro Conservation Area (NCA) in Arusha. The send-off ceremony, held at the NCA offices in Karatu, celebrated their decision to relocate voluntarily to other parts of Simiyu and Arusha Regions. NCA Conservation Commissioner Richard Kiiza, addressing the departing residents, urged them...
President Samia Suluhu’s update on the energy sector in her New Year address highlights the challenges faced and the strategic measures taken to address the persistent issue of power shortages in Tanzania. The acknowledgement of a prolonged history of power rationing sets the context for the government’s decisive action in 2017—the initiation of the Julius...