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,...
Trade volume between Tanzania and the 27 member states of the European Union (EU) stood at 1,306 million Euros (about 3.265tri/-) during the year 2021, with the latter enjoying the lion’s share of trade and investment. Speaking in Dar es Salaam yesterday ahead of the EU-Tanzania Business Forum slated for February 23 and 24 this...
By Hamza Bavuai, Unguja The 8th phase government in Zanzibar under the leadership of HE. Dr Hussein A. Mwinyi has prioritized deliberate efforts to attract investment in Zanzibar. A very tall order, all things considered, seeing as President Mwinyi took office in the middle of a global pandemic. The fact that a significant portion of...