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WEO forecasts Tanzania’s lowest Inflation in 2024.
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WEO forecasts Tanzania’s lowest Inflation in 2024.

The International Monetary Fund’s World Economic Outlook predicts a robust 5.9 percent economic growth in the East African Community (EAC) this year. Tanzania stands out for leading the EAC in reducing inflation, with a projected four per cent, down from 4.4 per cent last year. Uganda and Kenya follow with projected inflation rates of 5...

Chadema presents key proposals on electoral reforms to parliament.
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Chadema presents key proposals on electoral reforms to parliament.

The Chama cha Demokrasia na Maendeleo (Chadema) has submitted four major proposals to the Parliamentary Committee on Administration, Constitution, and Legal Affairs regarding amendments to election laws presented by the government in Dodoma in November 2023. Our correspondent reports from Dar es Salaam… (continue). The proposals were presented on January 10, 2024, by the Secretary-General...

Tanzania’s surge to 2nd place in African tobacco production.
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Tanzania’s surge to 2nd place in African tobacco production.

In a recent revelation, Tanzania has clinched the title of the second-largest tobacco producer in Africa for the 2022/2023 season, achieving a momentous milestone for the nation. Minister for Agriculture Hussein Bashe took to his social media platform to announce this notable feat, shedding light on Tanzania’s impressive surge in tobacco production. Witnessing a substantial...

Tanzania Inks $1.7m deal for lifesaving ambulance boat with turkish contractor.
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Tanzania Inks $1.7m deal for lifesaving ambulance boat with turkish contractor.

Tanzania, represented by the Tanzania Shipping Agency Cooperation (TASAC), has signed a significant contract valued at 1.7 million US dollars with Turkish contractor Loca Muhendislik Gemi Makine Plastik Ve Gida San Tic.L.td.Sti. The contract aims to construct a specialized ambulance boat to address first aid challenges and provide initial treatment for individuals facing difficulties while...

Read: An In-depth analysis of President Samia Suluhu’s speech at #ECOP28 in Dubai.
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Read: An In-depth analysis of President Samia Suluhu’s speech at #ECOP28 in Dubai.

President Samia Suluhu’s recent address at COP28 in Dubai has reverberated with urgency, underscoring the critical need for concrete action on climate change. This in-depth analysis delves into the nuances of her speech, examining the President’s dynamic tone, concerns, and the resounding call to unite, act, and deliver on the global stage. The Tanzanian leader’s...

Uganda seeks $150 million loan from China’s exim as World Bank funding ceases.
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Uganda seeks $150 million loan from China’s exim as World Bank funding ceases.

Uganda is set to secure a $150 million loan from China’s Export Import Bank (Exim) to enhance its internet infrastructure, as revealed by the finance ministry on Monday. This move highlights Uganda’s growing dependence on Chinese lenders, following the World Bank’s suspension of new lending earlier this year in response to Uganda’s anti-homosexuality law. During...

DP World CEO Outlines Dar Es Salaam Port Pivotal Role in African Trade.
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DP World CEO Outlines Dar Es Salaam Port Pivotal Role in African Trade.

This comprehensive view provided by the DP World CEO underscores Tanzania’s emerging role as a gateway to African trade, highlighting the importance of infrastructure development and international collaboration in realizing this vision. This insight follows the recent 30-year concession agreement with the Tanzania Ports Authority for the Port of Dar es Salaam. Bin Sulayem highlighted...

Concerns Rise Over Ethiopian Prime Minister’s Call for Red Sea Port Access, Stirring Regional Tensions.
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Concerns Rise Over Ethiopian Prime Minister’s Call for Red Sea Port Access, Stirring Regional Tensions.

Ethiopian Prime Minister Abiy Ahmed’s recent call for direct access to the Red Sea has sparked concerns about potential conflicts in the Horn of Africa. Ethiopia lost its direct sea access in 1993 when Eritrea gained independence. Abiy’s proposal aims to boost Ethiopia’s economy, strengthen its Navy, and enhance regional influence. Addressing party officials in...

IMF Projections Suggest Tanzania May Overtake Kenya as East Africa’s Largest Economy in Next Decade.
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IMF Projections Suggest Tanzania May Overtake Kenya as East Africa’s Largest Economy in Next Decade.

The East African region is poised for an intense economic race, as projections suggest that Tanzania may overtake Kenya in terms of economic supremacy in the next 10 years. The International Monetary Fund (IMF) estimates that Tanzania’s economy, currently valued at $85.4 billion (Sh200 trillion), is expected to grow to $136 billion by 2028. In...

TWIGA PARTNERSHIP SHOWS THE TRANSFORMATIVE IMPACT OF MINING, SAYS BARRICK
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TWIGA PARTNERSHIP SHOWS THE TRANSFORMATIVE IMPACT OF MINING, SAYS BARRICK

North Mara gold mine, Tanzania, September 29, 2023 – Barrick Gold Corporation (NYSE:GOLD) (TSX:ABX) and the Tanzanian government are demonstrating how mining can be an enormous force for good when miners and their host governments work together to create sustainable value for all stakeholders, says president and chief executive Mark Bristow. Speaking to media here...