Tag: president samia suluhu

Tanzania Account Deficit Narrows in October 2023: What Does It Mean for the Financial Landscape?
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Tanzania Account Deficit Narrows in October 2023: What Does It Mean for the Financial Landscape?

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...

Tanzania’s Insurance Boom: Unpacking the data behind President Samia Suluhu’s strategic initiatives.
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Tanzania’s Insurance Boom: Unpacking the data behind President Samia Suluhu’s strategic initiatives.

In a data-driven analysis of Tanzania’s insurance sector, the surge witnessed in recent times can be dissected through the lens of specific initiatives championed by President Samia Suluhu’s administration. Gross Written Premiums (GWP) Growth The standout metric showcasing the industry’s robust health is the Gross Written Premiums (GWP). From TZS 911.5 billion in 2021, the...

Read: An In-depth analysis of President Samia Suluhu’s speech at #ECOP28 in Dubai.
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Read: An In-depth analysis of President Samia Suluhu’s speech at #ECOP28 in Dubai.

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...

Tembo Gold Corporation Embarks on a Transformative Journey to Lake Victoria Gold Ltd.
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Tembo Gold Corporation Embarks on a Transformative Journey to Lake Victoria Gold Ltd.

In a strategic move, Tembo Gold Corporation has unveiled plans to undergo a significant rebranding, transitioning into Lake Victoria Gold Ltd, pending regulatory approvals. The decision stems from the company’s newfound position in the highly prospective Lake Victoria Greenstone Belt and recent acquisitions that have propelled it into a new phase of growth. The acquisition...

Deputy Minister Pauline Gekul Sacked Amid Torture Allegations.
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Deputy Minister Pauline Gekul Sacked Amid Torture Allegations.

In a swift and decisive move, President Samia Suluhu has officially sacked Deputy Minister for Justice and Constitutional Affairs, Pauline Gekul, following disturbing allegations of torture. The State House Press released a statement today, confirming the expulsion of Gekul from her position in the government. The decision comes in response to serious accusations made by...

Saudi Investors Flock to Tanzania Following President Samia’s Recent Trip to Saudi Arabia.
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Saudi Investors Flock to Tanzania Following President Samia’s Recent Trip to Saudi Arabia.

In a remarkable demonstration of Tanzania’s growing economic influence on the global stage, President Samia Suluhu recently attended the Saudi Arabia-Africa Summit in Riyadh. The summit, which attracted numerous African nations, provided a platform for fruitful discussions with directors of various Saudi Arabian companies across industries such as manufacturing, agriculture, mining, livestock, tourism, and energy....

Tanzania encourages diaspora to register on digital hub.
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Tanzania encourages diaspora to register on digital hub.

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...

Private Sector Credit Growth Slows Amidst Positive Reforms.
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Private Sector Credit Growth Slows Amidst Positive Reforms.

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...

Direct Flights Between Tanzania and the United States Set to Commence in 2024.
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Direct Flights Between Tanzania and the United States Set to Commence in 2024.

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...

Boosting Ties: Saudi Arabia’s $533 Million Investment in African Partnerships.
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Boosting Ties: Saudi Arabia’s $533 Million Investment in African Partnerships.

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...