Recently, social media has been ablaze with controversy sparked by a renowned American hunter named Josh, who shared a video showcasing his capture of a giant crocodile in Tanzania. The video, featuring the crocodile suspended from a tree, stirred public outrage, prompting politicians and activists to seek clarification from relevant authorities. This incident highlights many...
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...
The Rural Water and Sanitation Agency (RUWASA) in Geita Region is taking decisive steps to combat water scarcity by recently signing five contracts totaling 4.9 billion TZS. The projects, presented by RUWASA’s Geita Regional Manager, Engineer Jabiri Kayilla, include the purchase of water pipes and the construction of essential water infrastructure. Two contracts, valued at...
Tanzania is making a significant shift from a reserve money policy to a short-term interest rates policy next month after a decade of preparations. The Monetary Policy Committee (MPC) has approved this move to control inflation using interest rates, aligning with global practices. The new policy, focusing on short-term interest rates, is a departure from...
As the curtain falls on 2023, the government is celebrating a myriad of diplomatic successes, ranging from fostering new investments and trade partnerships to fortifying bilateral relationships across the globe. The Minister for Foreign Affairs and East African Cooperation, Mr. January Makamba, unveiled the substantial gains achieved through foreign missions led by top government officials....
Tanzania has experienced a 19% increase in foreign tourist arrivals as of September this year, compared to the pre-COVID-19 peak in 2019, according to a report released on November 30, 2023, by the United Nations World Tourism Organization (UNWTO) here. The report, titled “World Tourism Barometer” November edition, reveals that with this growth, Tanzania secures...
In a significant legal development, the High Court of Tanzania in the Dar es Salaam Region has delivered a verdict in favor of Halima Mdee and her fellow Members of Parliament. This ruling stems from a case they brought against the Chama Cha Demokrasia na Maendeleo (CHADEMA) party’s decision to expel 19 Members of Parliament....
The International Monetary Fund (IMF) has given its approval for the second review of Tanzania’s Extended Credit Facility Arrangement. This means Tanzania will receive an immediate disbursement of approximately $150.5 million to support its budget. The total access under this arrangement for Tanzania is now about $455.3 million. This arrangement aims to help Tanzania recover...
By Kheri Mahimbali Increased contribution to GDP The mining sector’s contribution to the country’s gross domestic product (GDP) reached 9.1% in 2022, demonstrating its vital role in the national economy (from 6.7% in 2020). Strong growth The sector also experienced significant growth, reaching 10.9% in 2022. This positive trend indicates the sector’s resilience and potential...
In October 2023, Tanzania experienced a reduction in its current account deficit, which decreased to $3.26 billion compared to the previous year’s figure of $4.99 billion. This positive development was attributed to heightened earnings from seasonal tourism activities and traditional exports, as reported by the Central Bank. The Monthly Economic Review for November 2023 from...