The terrible performance of TICTS in handling containers at the Dar es Salaam Port over the past 20 years has spillover effects on the vast economic arrays of Tanzania’s economy. The underperformance of the Dar es Salaam port has cost the government trillions in loss of revenues as there has been reported exodus of local...
Somalia has renewed its bid to join the East African Community (EAC) trade bloc, after the country’s newly elected President Hassan Sheikh Mohamud arrived in Arusha to attend the ongoing 22nd Ordinary East Africa Community Heads of State Summit. ”I am here to make a formal bid for Somalia to join the East African Community,” Mohamud said....
Tanzania aims to generate 6000MW of renewable energy by 2025 as Tanzania seeks to fast forward the diversification of the energy mix to ensure energy security. The 6000MW renewable energy milestone will involve various sources, including hydropower, solar and wind. President Samia made that revelation on her US tour in April 2022. The achievement of...
The high-level business delegation has arrived in Tanzania to seek trade and investment opportunities in the agriculture and livestock value chain. Tanzania Investment Centre welcomed the delegation on July 17, 2022. Speaking with the delegation during the meeting on Tuesday in Dar es Salaam, the Deputy Minister for Investment, Industries and Trade, Exaud Kigahe, assured...
For the past few days, business stakeholders have been pleading the government not to offer a new contract to the Tanzania International Containers Terminal Services (TICTS) following its poor performance at the Dar es Salaam port causing unnecessary container congestion leading to shipment delays and expensiveness in conducting business. The wails of the stakeholders have...
The government of Tanzania has earmarked a total of 400,000 hectares of land for wheat cultivation, a move aimed at ending crop shortage in the country. Hussein Bashe, the Minister of Agriculture, said the 400,000 hectares of land would be cultivated with wheat in wheat-growing regions within three years, beginning in 2022. According to the...
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...