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...
In a strategic move reflecting their commitment to excellence and continual growth, Dubai Ports’ “Kigali Logistics Platform” in Masaka sector, Kicukiro district, inaugurated two spacious warehouses on December 6. The new facilities, covering 2500 and 3000 square meters, mark a significant expansion, bringing the total to twelve warehouses within the past four years. Various officials...
In response to the devastating mudflows disaster that struck Hanang District in Manyara Region last Sunday, the government has initiated a comprehensive plan to relocate affected citizens. The Minister for Lands, Housing, and Human Settlements Development, Mr Jerry Silaa, recently conducted an inspection of an alternative site in Katesh Township, accompanied by Acting Hanang Land...
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...
EACOP (East African Crude Oil Pipeline) has successfully delivered 339 houses as part of its housing replacement initiative in Songakibaoni Village, Muheza, Tanga Region. Wendy Brown, the EACOP General Manager for Tanzania, highlighted the significance of this housing program in supporting households affected by land acquisition, emphasizing the collaboration with local contractors to empower communities...
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...
In a surprising turn of events, the Tanzanian Professional Boxing Regulatory Commission (TPBRC) has revoked the one-year suspension and one million Tanzanian Shillings fine imposed on boxer Hassan Mwakinyo. This decision comes just over a month since the initial penalty was announced on October 10, following Mwakinyo’s failure to step into the ring for his...