Tanzania’s private sector has experienced robust growth in credit extension, driven by improved business conditions and supportive fiscal and monetary policies, as the Bank of Tanzania (BoT) reported in its Monthly Economic Review for June 2023. In May 2023, private sector credit exhibited a significant year-on-year growth of 22.5%, compared to 15% in the same...
China’s CNOOC Ltd is planning offshore oil and gas exploration with state-owned Tanzania Petroleum Development Corporation as the East African nation seeks to boost the development of its natural resources. The joint will be conducted in the deep-sea blocks 4/1B and 4/1C held by TPDC, according to Tanzania Energy Minister January Makamba. The acreage is...
In a significant diplomatic move, the Minister of Energy in Tanzania, the Honourable January Makamba, embarked on an official visit to China in response to an invitation from China’s Minister of Energy, Dr Jianhua Zhang of the National Energy Administration. The visit, aimed at strengthening bilateral ties, witnessed fruitful discussions between Minister Makamba and his...
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...
Tanzania’s President Samia Suluhu Hassan has witnessed the signing of agreements that will provide telecommunication services to 8.5 million people who currently have no access to network services. Under the state-run Universal Communications Service Access Fund (UCSAF), five telecommunication companies will partner with the government to build 758 new towers worth Sh265.3 billion in 713...
The aviation industry in Tanzania is set to experience a boost in flight frequencies and cargo volume in 2023, following an improved business environment over the past years, according to Swissport Tanzania’s latest outlook. The company’s CEO, Mrisho Yassin, said that the ground handling and cargo handling segments have fully recovered from the COVID-19 impact,...
For the past six days, Tanzania’s scientists have struggled to identify the deadly pathogen that killed five people in Tanzania’s north-western Kagera region. Today, at an impromptu press called upon by the ministry of health under Hon. Minister Ummy Mwalimu, the government revealed the virus after a series of scientific laboratory experiments. The minister of...
President Samia Suluhu Hassan has announced a new commission to assess the performance of Tanzania’s embassies abroad. She made the revelation on Tuesday at the Chamwino State House in Dodoma when launching the commission for Criminal Justice Institutions tasked to assess and recommend how to improve justice. She said after two or three weeks, the...
It is only a few days to 2023, and this year becomes history. There have been goodies as well as challenges in 2022, but next year can be better off with proper things to do. The remaining days in 2022 can be used to make next year a better one. Here are 10 things you...
The Kisutu Resident Magistrate court has adjourned the case against former Dar es Salaam Regional Commissioner Paul Makonda and William Malecela, famous as Lemutuz to November 23, this year. The court decision comes after the State Attorney Wambeya who is defending Patrick Kamwele requested the court to be given 14 days to reply the counter...