In a visionary move, Minister of Foreign Affairs and East African Cooperation, January Makamba, is calling on Tanzanians worldwide to join the Diaspora Digital Hub. Speaking during a meeting in the Netherlands, Makamba emphasizes the initiative’s goal of integrating the diaspora into Tanzania’s development plans. The Tanzanian Government unveiled its plans in March 2023 to...
In the fiscal year ending September, private sector credit expansion decelerated to 19.5%, showcasing a noteworthy shift from the 22% recorded in the previous year. This downtrend is attributed to the favorable business environment fostered by comprehensive reforms. The Bank of Tanzania, in its October economic review, highlighted the role of supportive monetary and fiscal...
Arusha city’s atmosphere shifted dramatically as heavy rains set in just before the commencement of a historic gala. Over 100 tour and travel agents from the United States touched down in the renowned Northern Circuit, the heart of Tanzania’s tourism. Welcoming the distinguished guests were Mr. John Mongera, Arusha Regional Commissioner, and key figures like...
In a significant move, Saudi Arabia is poised to enter into agreements worth SR2 billion ($533 million) with various African countries. This announcement was made by the Kingdom’s Finance Minister, Mohammed Al-Jadaan, during the Saudi-Arab-African Economic Conference in Riyadh. These agreements will be facilitated through the Kingdom’s Fund for Development and will encompass a diverse...
The Tanzanian government recently disbursed $30 million (TZS 76.5 billion) to Winshear Gold Corp as part of an out-of-court settlement, resolving an investment dispute with the Canadian company. Winshear had initiated legal action at the International Centre for Settlement of Investment Disputes (ICSID), seeking approximately $100 million in damages resulting from the Tanzanian government’s cancellation...
On October 10, 2023, the renowned Jawaharlal Nehru University in India conferred an Honorary Doctorate (Doctorate Honoris Causa) upon the President of Tanzania, Samia Suluhu Hassan, making her the first woman to receive such an honour from the university. President Samia received this honorary doctorate almost a year after the University of Dar es Salaam...
President Samia Suluhu Hassan of Tanzania is set to engage in a bilateral dialogue with Prime Minister Narendra Modi in New Delhi today. This meeting will involve the exchange of Memoranda of Understanding (MoUs) covering various areas of collaboration between the two nations. President Samia Suluhu arrived in New Delhi yesterday for a four-day State...
In Tanzania’s vibrant streets and neighbourhoods, an increasing number of young people are pinning their hopes on striking it rich through virtual gambling. This aspiration has become more attainable than ever, thanks to the convenience of betting at one’s fingertips. In the palm of many Tanzanian hands, you’ll find a mobile phone device that makes...
In East Africa, the struggle with the scarcity and volatility of the dollar, high-interest rates, and limited access to credit deter potential investors. According to the “Report on the Ease of Doing Business in the East African Community (EAC) 2023” published by the East African Business Council (EABC), several factors are posing threats to businesses...
The government has unveiled plans to construct a fishing port in the Bagamoyo district as part of its strategy to bolster the blue economy. The President, Dr. Samia Suluhu Hassan made this announcement on September 19, 2023, as she laid the foundation stone for the fishing port project, which is estimated to cost TZS 266...