In a significant development, Shell and Equinor have received the green light to forge ahead with their ambitious Tanzania LNG project, following successful negotiations and the signing of crucial agreements with the Tanzanian government. The completion of the highly anticipated host government agreement (HGA) and production sharing agreement (PSA) now allows the two energy giants...
Tanzania has signed agreements with the African Development Bank, the French Development Agency, and the European Union for two development project loans worth $300 million. The funds will be used to finance the construction of the Kakono Hydropower Plant, an 87.8-megawatt plant in the Kagera region of Tanzania. The project aims to increase renewable generation...
The construction of the East African Crude Oil Pipeline (EACOP) has been challenged in court by the Kampala-based Centre for Food and Adequate Living Rights and three other organizations. The 1,445-kilometre pipeline, which runs from Hoima in Uganda to Tanga in Tanzania, is being contested because it is environmentally unsound and violates the East African...
The World Bank (WB) has hailed the government initiative to promote the private sector, saying it is optimistic that if the pace is retained, Tanzania’s GDP growth will hit 6% in a few years. The World Bank Country Director to Tanzania, Malawi, Zambia, and Zimbabwe, Mr. Nathan Belete, said it was evident that programs carried...
Two years have gone by since President Samia Suluhu Hassan took office on March 19, 2021, by a constitutional provision following the unprecedented death of the late President John Magufuli, who passed away on March 17, 2022, from a complication related to heart failure. President Hassan is the first female to serve in the position...
The Tanzania Investment Centre (TIC) registered 41 projects worth $339.2 million last month being 128 per cent increase as compared to 18 projects registered in February 2022. Out of 41 projects registered in February 2023, 34 per cent are fully owned by Tanzanians while 42 per cent are fully owned by Foreigners and 24 per...
In the efforts to fight the deadly Malaria, scientists in Tanzania have proposed the use of cow urine odour to prevent the transmission of parasites that transmit the deadly disease. The proposal was submitted by six scientists, among them from Tanzania and outside the country including Dr. Nicodem Govella, Godfrey Katusi, Samwely Makayula from Ifakara...
Tanzania ranked as the second least corrupt in East Africa in 2022, according to a new report by Transparency International (T.I), a global movement working in over 100 countries to end the injustice of corruption. The report was released on Tuesday, January 32, 2022 corruption Perception Index (CPI) ranked 180 countries and territories around the...
Tanzania is among a few African countries whose economies are forecasted to excel this year. The five top-performing economies in the continent are expected to grow by over 5.5 per cent during 2023/24. “They will reclaim their position among the world’s ten fastest-growing economies,” the African Development Bank (AfDB) said. Tanzania’s economy is projected to...
Today on January 25, 2023, the Chadema Deputy Chair, Tundu Lissu and the former MP for Eastern Singida in Tanzania arrived from Belgium, where he was self-exiled since 2020 after the general elections. Mr Lissu immediately flew out of the country after being defeated in the 2020 presidential race by the late John Pombe Magufuli,...