In a significant development, Shell and Equinor have received the green light to forge ahead with their ambitious Tanzania LNG project, following successful negotiations and the signing of crucial agreements with the Tanzanian government. The completion of the highly anticipated host government agreement (HGA) and production sharing agreement (PSA) now allows the two energy giants...
Tanzania’s foreign currency reserves have decreased from $5.581 billion in March 2022 to $5.012 billion in March 2023. This decline can be attributed to various factors, such as the ongoing war in Ukraine and the effects of the COVID-19 pandemic, which have significantly impacted global commodity prices. In addition, the country’s current account deficit has...
Special Seat Member of Parliament (CCM), Neema Lugangira has called for improvements to political parties and elections to clearly specify the selection of candidates within political parties in various leadership positions. She said this on April 25, 2023 while contributing to the estimates of revenue and expenditures of the Ministry of Constitution and Legal Affairs...
The construction of the East African Crude Oil Pipeline (EACOP) has been challenged in court by the Kampala-based Centre for Food and Adequate Living Rights and three other organizations. The 1,445-kilometre pipeline, which runs from Hoima in Uganda to Tanga in Tanzania, is being contested because it is environmentally unsound and violates the East African...
President Samia Suluhu Hassan has ordered the Tanzania Ports Authorities and Tanzania Revenue Authorities to meet and fix their systems to correspond to each other. The Head of State issued the instruction on Wednesday at the State House in Dar es Salaam shortly after receiving a report from the PCCB Director General, Salum Hamdun, that...
The Director-General of the Tanzania Railway Corporation (TRC), Masanja Kadogosa, has said that the construction project of the Morogoro-Dar es Salaam section of the Standard Gauge Railway (SGR) has reached 97.93 percent and that the remaining work is to build overpasses for cars and pedestrians. The overpasses being built are somehow delaying full completion as...
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...