Today, various images have surfaced across social media platforms depicting Her Excellency President Samia Suluhu Hassan’s arrival at the Waterkloof Air Force Base in Pretoria, South Africa. Her visit marks Tanzania’s engagement in the 15th BRICS Summit, where South Africa holds the current chairmanship. The BRICS coalition, composed of Brazil, Russia, India, China, and South...
The recent state visit of Indonesian President Joko Widodo to Tanzania from August 21 to August 22 has proven to be a resounding success for both nations, marked by the signing of seven Memoranda of Understanding (MoUs) across various areas of cooperation. The historical ties between Tanzania and Indonesia date back to 1964, just after...
President Samia Suluhu Hassan has explained her decision to maintain silence on the DP World deal, asserting that no one possesses the authority to divide or sell Tanzania. Speaking at the 60th Anniversary of the Evangelical Lutheran Church of Tanzania (ELCT), she emphasized her commitment to preserving the nation’s peace and unity. Despite the debate...
In a momentous event on August 19, 2023, President Samia Suluhu graced the opening of a pivotal working session attended by board chairpersons and top executives of public institutions. Her presence embodied her commitment to catalysing change and driving progress in the realm of public enterprises. President Samia Suluhu’s address at this gathering resonated with...
In a notable economic shift, Tanzania witnessed a surge in its exports of goods and services, with figures reaching $12.76 billion in June 2023—a substantial leap from the $11.004 billion reported during the same timeframe in the previous year. This remarkable expansion can be attributed to the nation’s non-traditional exports, as highlighted in the Bank...
In June 2023, Tanzania’s balance of trade saw a shortfall of $4.86 billion, a notable contrast from the $3.398 billion deficit registered in the corresponding period of June 2022. The driving factor behind this discrepancy, as outlined in the Bank of Tanzania’s (BoT) Monthly Economic Review for June 2023, lies primarily in escalated import expenditures....
Tanzania’s real estate realm has exhibited a steady rebound from the hurdles posed by the pandemic, as demonstrated by a noteworthy uptick in the occupancy rates of commercial properties. This resurgence serves as a testament to the gradual recovery of businesses from the pandemic’s impact. In its most recent Financial Stability Report, freshly issued this...
Despite facing challenges such as tightened global financial conditions, climate-related concerns, the ongoing conflict in Ukraine, and the lingering impacts of the Covid-19 pandemic, a recent report underscores that Tanzania’s economy remains moderately exposed to risks. The Financial Stability Report, released by the Bank of Tanzania (BoT), attributes this moderate risk profile to a robust...
Through the Medical Stores Department (MSD), the government has handed over modern generators to the District Hospitals of Lushoto and Muheza. These generators were provided in response to requests from these hospitals to MSD, aiming to enhance healthcare services for citizens. Dr Godfrey Andrew, Chief Medical Officer of Lushoto District Hospital, expressed gratitude to the...
The International Monetary Fund (IMF) Deputy Managing Director Bo Li has concluded his visit to Tanzania with a firm commitment towards supporting the country’s efforts in unlocking its development potential. Mr Bo applauded the Tanzanian authorities’ efforts in implementing the country’s economic reform agenda. “I commended the authorities’ commitment to preserving Tanzania’s macroeconomic stability in...