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...
Williamson Diamond mine in Tanzania a subsidiary of Petra Diamonds located 23 kilometers northeast of Shinyanga in Tanzania is scheduled to restart planned operations during the first quarter of the financial year 2024 its parent company Petra Diamond has said. Petra’s Williamson diamond mine’s operations in Tanzania remain suspended following a tailings dam breach on...
Tanzania continues to improve the investment climate through regulatory reforms. During the month of February 2023, the government has tabled before the Parliament a bill to amend the Public-Private Partnership Act through GN No. 2 of 2023. The bill proposes to amend the PPP act, Cap 103 [RE 2018] by removing the obligation for a...
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...
Titan Lithium Inc, a US-based company, plans to expand its operations in Tanzania following the discovery of lithium deposits in the region. The company has found lithium deposits in two locations south of Mount Kilimanjaro that have the potential to make Tanzania one of the world’s leading countries in lithium production. The results of the...
The government has said the country has tight laws and regulations guiding foreign exchange trade in the wake of reports that Kenyan businesses are now sourcing dollars from Tanzania to meet manufacturers’ and general goods importers’ obligations. Kenya is currently facing an acute dollar shortage after its foreign exchange reserves dropped to a near 10-year...
Tanzania Petroleum Development Corporation (TPDC) has given the go-ahead to 20 companies to build Compressed Natural Gas (CNG) stations as part of a larger initiative to deliver cleaner and more affordable energy. TPDC’s Oil and Gas director Dr. Wellington Hudson disclosed this during a news conference here yesterday. He stated that some companies are entirely...
A ban on Tanzania’s bitter gourd exports to the European Union (EU) countries has lifted, clearing the way for the fruit to access its sprawling markets. EU Commission in Nov 2022, reported had detected an incidence of quarantine pest hosted in Tanzania’s Momordica Charantia (bitter gourd), warranting a blanket ban on the bitter gourd crop...
The newly released Tanzania Demographic and Health Survey and Malaria Indicator Survey (TDHS-MIS) 2022 by NBS reveals that the Total Fertility Rate (TFR) for all of Tanzania, the urban and rural estimates including Tanzania mainland and Zanzibar decreased from 5.6 children per woman in the 1999 TDGS to 4.8 in the 2022 TDHS-MIS. The trend...