IMF Board approves SDR 795.58 million (about US$1,046.4 million) ECF arrangement for Tanzania, with about US $151.7 million disbursed immediately. The 40-month financing package will assist the economic recovery and address the spillovers from Russia’s invasion of Ukraine, help preserve macroeconomic stability, and support structural reforms toward sustainable and inclusive growth, drawing on the government’s...
Coal in Tanzania has become essential in transforming energy production. Tanzania’s coal reserves at estimated to be 1.9 billion tonnes. Tanzania coal is now exported to foreign markets. Tanzania’s Mchuchuma coal deposits has around 540 billion tonnes of reserves. Mining in Tanzania is one of the most vital sectors in the country Tanzania’s mining has...
Tanzania’s Cereals and Other Products Board (CPB) is set to spend US$8.7 million to finance the construction of 3 flour manufacturing plants. The first processing unit will be set up in the city of Mwanza and is set to accommodate a daily production of 125 tons of flour mixtures made from maize and cassava. The second,...
Fertilizer prices have nearly doubled globally, driven by a confluence of factors, including surging input costs and supply shortages fuelled by the Ukraine-Russia conflict. This has negatively impacted agriculture productivity, with Tanzania’s coffee industry expecting a 4 per cent dip in yields to 1.15 million bags in the marketing year 2022/2023. Additionally, the country’s coffee...
On behalf of the minister of sports and culture, Hon Mohammed Mchingerwa, Ms Consolota Mushi, the managing director of Kiswahili Council in Tanzania (BAKITA), has said avoidance or negligence of the use of Kiswahili in performing official activities in Tanzania is punishable by law. Ms Consolata said the minister does not emphasize anything odd but...
Following the surfacing of 39 unconfirmed names, allegedly to be government echelons whom people have claimed to have illegally taken their lands at Isamilo in Mwanza region, the Tanzania Revenues Authority commissioner, Alphayo Kidata, whose name has also been revealed, refutes such allegations against him. Kidata says he’s caught in awe of his name being...
Tanzania’s and Kenya’s passports are now the eighth most powerful in Africa and 71 globally. The Henley Passport Index Report shows that the number of countries that Tanzanias can visit without a visa or obtain it on arrival has increased to 72 from 64 in January last year. The country’s mobility score improved six places...
The below report is the summary from the National Bureau of Statistics of Tanzania released on July 11, 2022 Tanzania’s annual inflation rate accelerated in June, the country’s national bureau of statistics said Monday. The 12-month headline inflation rate rose to 4.4% in June from 4.0% in May, the statistics bureau said in its July...
Energy Minister January Makamba will begin a 21-day tour of 14 regions to bring services to the people and explain the ministry’s plans to address the sector’s challenges. Speaking before the press yesterday, Hon Makamba revealed that he plans to break down the Tsh.500 billion allocated by the government in this 2022/23 financial year to...
Their numbers are growing faster than the transactions they handle. A decade ago, Jackeline Muheirwe was the only mobile-money agent in her patch of Kampala, the Ugandan capital. These days there are ten others within a minute’s walk, taking in and giving out cash from shopfronts or colourful kiosks. “You can’t make money out of...