Tanzania Petroleum Development Corporation (TPDC) has given the go-ahead to 20 companies to build Compressed Natural Gas (CNG) stations as part of a larger initiative to deliver cleaner and more affordable energy. TPDC’s Oil and Gas director Dr. Wellington Hudson disclosed this during a news conference here yesterday. He stated that some companies are entirely...
Private sector credit recorded an annual growth of 23.1 percent in January 2023, compared with 10 percent in January 2022 on account of supportive monetary and fiscal policies, and ongoing recovery of economic activities from adverse effects of global shocks. According to the Bank of Tanzania (BoT) Monthly Economic Review for January, 2023, credit to...
A ban on Tanzania’s bitter gourd exports to the European Union (EU) countries has lifted, clearing the way for the fruit to access its sprawling markets. EU Commission in Nov 2022, reported had detected an incidence of quarantine pest hosted in Tanzania’s Momordica Charantia (bitter gourd), warranting a blanket ban on the bitter gourd crop...
In the efforts to fight the deadly Malaria, scientists in Tanzania have proposed the use of cow urine odour to prevent the transmission of parasites that transmit the deadly disease. The proposal was submitted by six scientists, among them from Tanzania and outside the country including Dr. Nicodem Govella, Godfrey Katusi, Samwely Makayula from Ifakara...
The value of exports of goods and services in Tanzania increased to $12.0 billion during 2022 from $9.87 billion recorded in 2021, driven by non-traditional exports, particularly manufactured goods and minerals and services receipts from tourism according to the Bank of Tanzania (BoT) Monthly Economic Review for January 2023. “The increase in exports of manufactured...
President Samia Suluhu Hassan has announced a new commission to assess the performance of Tanzania’s embassies abroad. She made the revelation on Tuesday at the Chamwino State House in Dodoma when launching the commission for Criminal Justice Institutions tasked to assess and recommend how to improve justice. She said after two or three weeks, the...
Tanzania is among a few African countries whose economies are forecasted to excel this year. The five top-performing economies in the continent are expected to grow by over 5.5 per cent during 2023/24. “They will reclaim their position among the world’s ten fastest-growing economies,” the African Development Bank (AfDB) said. Tanzania’s economy is projected to...
The prominent Hollywood megastar Idris Elba plans to invest in a major film studio in Tanzania, the Director of Presidential Communication, Zuhura Yunus revealed upon briefing journalists on Monday about the outcome of President Samia’s recent trip to Davos Switzerland. Idris Elba and his wife Sabrina Elba encountered President Samia at Davos in Switzerland at...
President Samia Suluhu has lifted the ban on political rallies placed by her predecessor’s decree back in 2016. Speaking at the historical moment at the Jakaya Kikwete Conference Hall at the State House in Dar es Salaam, President Hassan humbly pleaded with politicians to conduct politics that abide by the country’s laws, regulations and our...
