The Energy and Water Utilities Regulatory Authority (EWURA) has announced a reduction in petrol and diesel prices for September. According to the new prices, petrol has decreased by an average of TZS 102 per litre, while diesel has dropped by TZS 101 per litre. The reduction has been attributed to changes in global oil prices...
The Bank of Tanzania (BoT) has warned that deliberately tearing or damaging banknotes in circulation is a criminal offence. Anyone found guilty will be fined TZS 500,000 for each damaged note. BoT further stated that failure to pay the fine could result in one year imprisonment for every banknote damaged.
The government has announced an amnesty for the surrender of illegal firearms from September 1 to October 31, 2026. People in possession of illegal firearms have been urged to surrender them at police stations, local government offices, or ward executive offices, without facing legal action. Minister for Home Affairs, Patrobas Katambi, said anyone found in...
Tanzania’s digital financial ecosystem recorded remarkable growth in 2025, with mobile money, digital savings, and digital credit reaching unprecedented levels and reinforcing the country’s position as one of Africa’s leading digital finance markets. According to data from the Bank of Tanzania’s National Payment Systems Annual Report 2025, the value of digital credit issued through mobile...
Tanzania is ramping up investment in skills development, research and digital learning with a Sh2.4 trillion ($930 million) spending plan aimed at preparing the country for a technology-driven industrial economy and its long-term Vision 2050 agenda. The 2026/27 education budget, tabled in Parliament by Education Minister Adolf Mkenda, marks one of the government’s most aggressive...
Tanzania has secured unrestricted access to the Chinese market after Beijing removed tariffs on 100% of products imported from the East African nation, positioning the country to expand exports ranging from agricultural commodities to minerals into the world’s second-largest economy. The zero-tariff framework, which took effect on May 1, extends across all tariff lines and...
Tanzania and Türkiye have signed a double taxation agreement aimed at easing cross-border investment, as both countries seek to deepen economic ties and unlock new capital flows. The agreement is designed to eliminate the risk of income being taxed in both jurisdictions, a longstanding barrier for investors operating across borders. By providing clearer tax rules...
Tanzania has unveiled a TZS 222.6 billion ($89 million) budget for its information and communications technology sector for the 2026/27 fiscal year, with most funding directed toward infrastructure as the country accelerates its digital economy agenda. Roughly 94% of the allocation is earmarked for development projects, including expansion of rural telecom towers, extension of the...
Tanzania’s commission of inquiry into the 2025 election unrest has revealed that some individuals were paid or promised money to take part in the violence, reinforcing claims that the disturbances were organised rather than spontaneous. A member of the commission, Said Mwema, said investigators gathered testimonies from more than 63,000 people, including participants who admitted...
Standard Chartered Plc is set to arrange a $2.2 billion financing package for Tanzania’s Standard Gauge Railway (SGR), in a deal that signals renewed momentum for one of East Africa’s largest infrastructure projects. The loan—backed by export credit agencies—is expected to be signed in Dodoma and will fund the third and fourth phases of...