According to the Iranian envoy, trade between Iran and Tanzania has witnessed significant growth. In the fiscal year 2021/22, Tanzania’s imports from Iran increased by 35 per cent compared to the 2019/20 financial year, amounting to goods worth $35 million (Sh82.25 billion). Conversely, Iran’s exports to Tanzania during the same period reached $95 million (Sh223.25...
In a significant diplomatic move, the Minister of Energy in Tanzania, the Honourable January Makamba, embarked on an official visit to China in response to an invitation from China’s Minister of Energy, Dr Jianhua Zhang of the National Energy Administration. The visit, aimed at strengthening bilateral ties, witnessed fruitful discussions between Minister Makamba and his...
Kenya’s President William Ruto has unveiled an ambitious plan to lease and revitalize five critical ports through a public-private partnership (PPP) worth $1.4 trillion. The initiative aims to enhance the country’s maritime industry and improve competitiveness along the northern corridor. Under the proposal, the Kenya Development Corporation (KDC), a development finance institution, has confirmed that...
Sumitomo Mitsui Financial Group Inc., a Japanese bank, has stated that it is not providing financing for an oil pipeline project in East Africa, joining the ranks of financial institutions distancing themselves from the controversial venture. During a media briefing on Tuesday, Chief Sustainability Officer Masayuki Takanashi clarified the bank’s position, saying, “We are not...
Tanzania’s government has allocated an additional Sh195.65 billion towards its fertilizer subsidy program, bringing the total expenditure to Sh345.647 billion as of April 2023. The move was prompted by high demand from farmers. President Samia Suluhu Hassan first introduced the program in the 2022/23 season and aims to increase productivity and efficiency in the agricultural...
Tanzania’s President Samia Suluhu Hassan has witnessed the signing of agreements that will provide telecommunication services to 8.5 million people who currently have no access to network services. Under the state-run Universal Communications Service Access Fund (UCSAF), five telecommunication companies will partner with the government to build 758 new towers worth Sh265.3 billion in 713...
Leaders from the Southern African Development Community (SADC) came together on May 8, 2023, at an Extraordinary Organ Troika Summit (EO-OTS) in Windhoek, Namibia, to discuss the prevailing security situation in the Eastern Democratic Republic of Congo (DRC). Attendees included Heads of State and Government from Angola, DRC, Malawi, Namibia, South Africa, Tanzania, and Zambia....
The newly released Tanzania Demographic and Health Survey and Malaria Indicator Survey (TDHS-MIS) 2022 by NBS reveals that the Total Fertility Rate (TFR) for all of Tanzania, the urban and rural estimates including Tanzania mainland and Zanzibar decreased from 5.6 children per woman in the 1999 TDGS to 4.8 in the 2022 TDHS-MIS. The trend...
The Mtwara port in the south of Tanzania, famously for exporting tons of cashew nuts, is now crowded with vessels from Europe grappling to load coal to Europe to counter the prevailing energy crisis. Traditionally, Tanzania exports coal to its neighbouring countries in East Africa. Sending it further afield was out of the question, as...
Work is set to start on the third phase of the country’s water sector development programme, priced at $6.5bn (over 15trn/-). Water Minister Jumaa Aweso said when launching the programme. He said WSDP III is intended to ensure sustainable availability of water distribution across the country. The five years project scheduled for 2022 to 2026...