Tanzania’s foreign exchange reserves can now cover only 4.2 months of imports, the shortest five-year period. The Bank of Tanzania has attributed this to the economic consequences of the war in Ukraine. Russia’s invasion of Ukraine in February 2022 triggered rising energy costs, surges in commodities prices, and significant damage to the global value chains....
President Samia Suluhu’s 4Rs philosophy, which includes Reconciliation, Resiliency, Reforms, and Rebuilding, seems to sit well with Chadema’s supreme leader, Freeman Mbowe, as he believes to be the cornerstone toward resolving contemporary issues affecting the country’s social, political and economic issues. Chadema national chairman Freeman Mbowe has revealed his party’s decision to continue holding discussions...
The report revealed that the Police Marine unit at the nearby Bukoba port was informed about the Precision Air crash 15 minutes after the crash. Still, its patrol boat arrived at the scene more than two hours later, and divers could not perform rescue duty for a lack of oxygen in the bottles. Dar es...
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...
Tanzania is now banking on support from the USA to end the scourge of Malaria – one of the world’s biggest killer diseases – by 2027. The new five-year anti-malaria programme to combat malaria infections, both in Tanzania mainland and in Zanzibar, targets destruction of breeding points for mosquitoes, the vectors that help malaria parasites...
The Tanzania Communication Regulatory (TCRA) has blocked over 52,000 mobile numbers from July 2021 to September 2022, for the involvement in various fraudulent acts, including mobile money theft and other cyber-related crimes. TCRA’s Director General, Dr Jabir Bakar said in Dodoma recently that total 52,087 identification numbers, including those reported as lost, stolen involved in...
The agriculture Seeds Agency (ASA) is set to install modern irrigation infrastructures at its three seeds production farms in Morogoro, Tabora and Arusha Regions. The TZS 8 billion project will cover the Msimbe seeds Farms in Kilosa – Morogoro (200 hectares), Kilimi Farms – Nzega in Tabora (400 hectares) and the Ngaramtoni Farms in Arusha...
Tanzania’s President Samia has presented $18 billion plan to build renewable power generation in southern Africa at talks in Egypt as leaders from the continent seek to increase climate finance in the region. Under the proposal, a bloc of 12 countries in the region would increase generation by about 8.4 gigawatts from sources such as...
Tanzania will sign key agreements with oil majors, including Equinor ASA and Shell Plc, next month to pave the way for a planned $40 billion liquefied natural gas export project, according to the nation’s Energy Minister January Makamba. “It’s happening,” January Makamba said in an interview in Sharm el-Sheikh, Egypt, where he is attending the...
East African Community has one of the highest sea freight charges in the world, a development that sends commodity prices up. Members of the private sector are now drafting key recommendations to see member states cutting down on sea freight costs to foster regional economic growth. According to the chief executive officer for the East...