Tag: Samia Suluhu

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Tanzania pledges solidarity with AU for peace and security initiatives.
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Tanzania pledges solidarity with AU for peace and security initiatives.

Tanzania has taken the helm as chair of the Africa Union’s Peace and Security Council (AU-PSC), committing to collaborate with African nations to promote security and peace. In a statement released by the Ministry of Foreign Affairs and East African Cooperation, Tanzania pledges to fulfill its leadership role during its one-month tenure, which began on...

MANGE KIMAMBI AMEPOTEA NJIA
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MANGE KIMAMBI AMEPOTEA NJIA

Na Isaya Madego, safarini Marekani. Jana na usiku wa kuamkia leo Mange Kimambi amechapisha maandiko mawili ya kumtukana Rais Samia Suluhu. Wako waliomsifia kwenye sehemu ya maoni ya maandiko hayo wengi wakitumia majina ya kificho lakini wako wengi waliomkemea kwa kukosa staha. Wengine wamekwenda mbali zaidi na kusema huenda Mange amenunuliwa na wabaya wa Rais...

What does Tanzania’s adoption of a new monetary policy mean for the economy?
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What does Tanzania’s adoption of a new monetary policy mean for the economy?

The adoption of a new monetary policy in Tanzania signifies a shift towards an interest rate-based framework aimed at maintaining price stability and supporting sustainable economic growth. The Bank of Tanzania (BoT) announced this change, emphasizing its alignment with international best practices and commitment to harmonizing monetary policy frameworks within the East African Community and...

Tanzania’s economic evolution: Navigating from reserve money to short-term interest rates.
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Tanzania’s economic evolution: Navigating from reserve money to short-term interest rates.

Tanzania is making a significant shift from a reserve money policy to a short-term interest rates policy next month after a decade of preparations. The Monetary Policy Committee (MPC) has approved this move to control inflation using interest rates, aligning with global practices. The new policy, focusing on short-term interest rates, is a departure from...

Devastating earthquake strikes Northern Qinghai-Tibet plateau, claiming 118 lives.
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Devastating earthquake strikes Northern Qinghai-Tibet plateau, claiming 118 lives.

A total of 118 people have lost their lives, with 580 others injured following an earthquake that occurred overnight on Tuesday, December 19, 2023, in China. According to Reuters, the earthquake, measuring 6.2 on the Richter scale, struck the mountainous region on the northern edge of the Qinghai-Tibet Plateau. Rescue efforts have been challenging due...

Tanzania’s remarkable export growth: 43% surge between 2021 – 2023.
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Tanzania’s remarkable export growth: 43% surge between 2021 – 2023.

Tanzania’s trade landscape witnessed noteworthy shifts between 2021 and the anticipated trends for 2023. Over this period, exports of goods and services surged by 43%, underscoring Tanzania’s effective expansion into international markets. In contrast, imports soared by 61%, surpassing the export growth rate and exacerbating the trade deficit. The balance of payments, reflecting the difference...

Tanzania’s Private Sector Credit Surpasses Projections, Central Bank Reports.
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Tanzania’s Private Sector Credit Surpasses Projections, Central Bank Reports.

In a comprehensive review, the statement provides valuable insights into Tanzania’s economic trajectory and the effectiveness of its monetary policies. The Monetary Policy Committee (MPC) noted the successful implementation of a less accommodative monetary policy, maintaining liquidity at appropriate levels throughout August, September, and October 2023. This, coupled with supportive fiscal and structural policies, has...

High-Stakes Diplomacy: Tanzanian-Israeli Talks on Missing Students and Ongoing Conflict.
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High-Stakes Diplomacy: Tanzanian-Israeli Talks on Missing Students and Ongoing Conflict.

In a significant diplomatic exchange, Tanzania’s Minister of Foreign Affairs recently held a crucial conversation with Israel’s Foreign Minister, Eli Cohen, regarding the disappearance of two Tanzanian students and the ongoing conflict in the region. The dialogue, conducted via official channels and social media, saw the Israeli Foreign Minister, Eli Cohen, express his personal commitment...

Tanzania’s growth expected to reach 5.3 pct by year end.
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Tanzania’s growth expected to reach 5.3 pct by year end.

Tanzania has demonstrated robust economic growth in the first and second quarters of this year, with a growth rate of 5.4 percent and 5.2 percent, respectively. According to the Monetary Policy Committee (MPC) Meeting Statement released by the Central Bank, this growth is expected to reach 5.3 percent by the end of the year. The...

Tanzania among top three fastest-growing economies in Africa in 2023.
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Tanzania among top three fastest-growing economies in Africa in 2023.

According to a United Nations report, Tanzania is projected to be the third fastest-growing economy in Africa in 2023 with a growth rate of 5.6 percent, following Cote d’Ivoire and Rwanda. Cote d’Ivoire, the world’s largest producer of cocoa, is expected to register a growth rate of 6.5 percent due to successful technology-driven transformation and...