The Transport Regulatory Authority (LATRA) has unveiled changes to fare prices for both long and short-distance journeys following a comprehensive review of feedback from transport stakeholders across the country. As outlined by LATRA, the fare adjustments are as follows: For journeys covering a distance of less than 10 kilometers, where the previous fare was 500...
In the fiscal year ending September, private sector credit expansion decelerated to 19.5%, showcasing a noteworthy shift from the 22% recorded in the previous year. This downtrend is attributed to the favorable business environment fostered by comprehensive reforms. The Bank of Tanzania, in its October economic review, highlighted the role of supportive monetary and fiscal...
A new survey of international and domestic investors has revealed that Tanzania is the third most preferred investment destination in Africa and the best in East Africa Top 10 countries for future investments in sub-Saharan Africa: 1. South Africa 2. Nigeria 3.Tanzania 4. Ghana 5. Kenya 6. Mauritius 7. Zambia 8. Uganda 9. Mozambique 10....
In a significant diplomatic move, the President of the United Republic of Tanzania, Her Excellency Samia Suluhu Hassan, is poised to embark on an official visit to India from October 8th to October 11th, 2023. This visit comes in response to an invitation extended by the President of the Republic of India, Her Excellency Droupadi...
28 September 2023 – On 21 September an incident occurred where approximately 100 intruders unlawfully invaded the mine property during heavy rainfall. Unarmed private security contractors responded in an attempt to repel the armed invaders but subsequently requested police intervention to remove the aggressive intruders from the mine site. Seven intruders were arrested and based...
In a recent announcement, the Tanzanian Ports Authority (TPA) has opened bidding for the construction of two key ports – Mgao Island in the Mtwara region and Mbegani in the Bagamoyo district, as well as the Tanga port. These bids come at a time when debates and discussions continue regarding the handover of all Tanzanian...
This week, the UK newspaper, The Globe and Mail, has published over 100 emails concerning Tanzania. These emails shed light on how Barrick Gold, through their subsidiary Acacia in Tanzania, made substantial payments to what is referred to as the National Task Force in Tanzania as security expenses, with the main recipient being the Inspector...
This week, the UK newspaper, The Globe and Mail, has published over 100 emails concerning Tanzania. These emails shed light on how Barrick Gold, through their subsidiary Acacia in Tanzania, made substantial payments to what is referred to as the National Task Force in Tanzania as security expenses, with the main recipient being the Inspector...
The value of export of goods and services in Tanzania hit $12.9 billion in July this year as compared to $12.2 billion recorded during the same period last year, driven by services receipts and non-traditional goods exports, in particular minerals, according to the Bank of Tanzania (BoT) Monthly Economic Review for August 2023. BoT data...
The 13th Africa Food Systems Forum is currently underway in Dar es Salaam, Tanzania, from September 5, 2023, to September 8, 2023. This forum has brought together a diverse array of participants from the private sector and various governments worldwide. President Samia Suluhu began her speech by acknowledging the significance of the youth demographic in...