President Samia Suluhu’s New Year address provides a comprehensive insight into the advancements and strategic investments in the transportation sector, reflecting the government’s commitment to infrastructure development and economic growth. In the realm of land transportation, the ongoing projects in road, bridge, and ferry construction across various regions signify a concerted effort to enhance connectivity...
President Samia Suluhu’s New Year address highlights the significant strides made in the tourism sector, pointing towards a positive trajectory in Tanzania’s global appeal. The statistics presented indicate a substantial increase in tourist arrivals and revenue generated from October last year to October 2023, showcasing the sector’s resilience and the effectiveness of government efforts. The...
President Samia Suluhu’s emphasis on the mining sector in her New Year address underscores its strategic importance in Tanzania’s economic landscape. The 6.43% increase in the value of produced minerals and the 5.8% surge in mineral exports to USD 3.15 billion reflect positive trends in the industry. This growth contributes to the nation’s revenue and...
President Samia Suluhu’s New Year address unveils a robust economic strategy with a primary focus on agriculture. The substantial increase in the agricultural budget from TZS 751 billion to TZS 970 billion signifies a determined effort to fortify the backbone of Tanzania’s economy. The expressed goal of achieving a 10% annual growth rate in the...
President Samia Suluhu, in her New Year speech, provides insights into Tanzania’s economic strategies, particularly in tax collection and the pivotal production sectors. The announcement of a remarkable 8% increase in tax collection, totalling TZS 22.6 trillion for the fiscal year ending June 2023, signifies a positive trend in revenue generation. This growth aligns with...
Recently, social media has been ablaze with controversy sparked by a renowned American hunter named Josh, who shared a video showcasing his capture of a giant crocodile in Tanzania. The video, featuring the crocodile suspended from a tree, stirred public outrage, prompting politicians and activists to seek clarification from relevant authorities. This incident highlights many...
The Rural Water and Sanitation Agency (RUWASA) in Geita Region is taking decisive steps to combat water scarcity by recently signing five contracts totaling 4.9 billion TZS. The projects, presented by RUWASA’s Geita Regional Manager, Engineer Jabiri Kayilla, include the purchase of water pipes and the construction of essential water infrastructure. Two contracts, valued at...
Tanzania is making a significant shift from a reserve money policy to a short-term interest rates policy next month after a decade of preparations. The Monetary Policy Committee (MPC) has approved this move to control inflation using interest rates, aligning with global practices. The new policy, focusing on short-term interest rates, is a departure from...
A total of 118 people have lost their lives, with 580 others injured following an earthquake that occurred overnight on Tuesday, December 19, 2023, in China. According to Reuters, the earthquake, measuring 6.2 on the Richter scale, struck the mountainous region on the northern edge of the Qinghai-Tibet Plateau. Rescue efforts have been challenging due...
As the curtain falls on 2023, the government is celebrating a myriad of diplomatic successes, ranging from fostering new investments and trade partnerships to fortifying bilateral relationships across the globe. The Minister for Foreign Affairs and East African Cooperation, Mr. January Makamba, unveiled the substantial gains achieved through foreign missions led by top government officials....