Moody’s Investor’s Service deals with delivering independent, in-depth and transparent opinions on credit risk through its credit ratings. The company has recently changed its outlook toward Tanzania from stable to positive. The outlook change to positive reflects moody’s view that political risks have lessened under the government’s new approach to promoting economic development with the...
The government has connected Kibondo and Kasulu districts in Kigoma Region to the national power grid, saving 22. 4bn/- annually used to purchase fuel and maintain generators. He said the saved amount does not include funds spent on power generators in Kigoma – Urban district. Apart from Kigo0ma areas, parts of Nyakanazi, Biharamulo and Ngara...
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...
After almost a month of relentless online noises from activists and many other regular users against the imposition of additional electronic levies on electronic transactions, the government has heard the wailings of the citizens and finally decided to slash and reduce some of the electronic levies. The controversial Minister of Finance and Planning, Hon Mwigulu...
Zitto Kabwe, a prominent oppositional leader of ACT – Wazalendo, a fledging political party, took on Twitter to express his affirmation of President Samia Suluhu’s strategy to Tanzania’s political reconciliation. Zitto’s statement comes a few days after President Samia released her statement upon celebrating The World’s Democracy Day on September 15, 2022. In her statement,...
The Business Registration and Licensing Agency (BRELLA) has brought together stakeholders to collect views on the review and amendment of the Business Licence Act, a move aimed at improving the business environment in the country. Various stakeholders were invited to air their opinions on what should be incorporated into the Act. The event for stakeholders...
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...
By President Samia Suluhu In 2007, the United Nations General Assembly decided to announce countries worldwide to celebrate Democracy Day every day, 15 September of each year. This day is celebrated for promoting democracy in every country with sound systems. So, today, we as a country should discuss facing our democracy. In celebrating this day,...
1. People influence your spending This is one of the clearest signs you are living above your means. Are you swayed by your friends or family to spend money on things you have not planned for? It could be going out to dinner, buying the latest phone or even going on an unplanned vacation. Many...
If you’re like many new entrepreneurs, you’re fired up about your business idea and eager to launch your company into the world. But it’s worth stepping back and making sure you avoid some common mistakes that plague many new businesses. Making the right moves, in the beginning, can help you avoid major headaches later on....