KPMG East Africa Report 2024: CEOs Confident About Industry Growth Despite...
The latest KPMG CEO Outlook 2024 report reveals that while East African CEOs, including those in Tanzania, remain…
View ArticleTanzania and Russia Strengthen Economic Ties at Business and Investment Forum
On 29th October 2024, the “Tanzania-Russia Business and Investment Forum” took place in Dar es Salaam, marking a…
View ArticleUSAID Showcases Transformative Impact of Private Sector Partnerships in Tanzania
USAID Tanzania Mission Director Craig Hart reviews the agency's ongoing partnerships and achievements, highlighting $400M in existing grants and successful initiatives in agriculture, youth...
View ArticleTanzania’s REPOA Hosts Major Regional Forum on Sustainable Economic Growth...
Tanzania’s REPOA held its 28th Annual Research Workshop to discuss achieving sustainable economic growth in Sub-Saharan Africa.
View ArticleMoody’s Confirms Tanzania’s B1 Credit Rating: Top in East Africa
Moody's confirmed Tanzania's long-term issuer ratings at B1 indicating improved economic resilience and a stable outlook. This upgrade highlights the government's efforts in structural reforms and...
View ArticleMbeya Region Investment Guide
The Economic and Social Research Foundation (ESRF) has prepared a detailed investment guide for Tanzania’s Mbeya region, highlighting…
View ArticleTanzania GDP to Grow by 5.4% and 6% in 2024 and 2025, Inflation to Stay Below...
The IMF forecasts Tanzania’s economy to grow by 5.4% in 2024 and 6% in 2025, with inflation expected to stay below 4%. These projections emphasize Tanzania’s steady economic expansion and stable...
View ArticleNavigating Tax Compliance: Highlights from Tanzania’s FTCC Workshop for...
A recent tax workshop for non-resident businesses in Tanzania organized by the French-Tanzanian Chamber of Commerce provided key insights into local tax obligations, registration with authorities, and...
View ArticleTanzania Tax Commission Seeks Public Input for Country’s Tax Reforms
Tanzania's Tax Commission invites public input in tax system reforms aiming to gather diverse perspectives for a more efficient taxation framework.
View ArticleTanzania Investment Center and Tanzania Revenue Authority Host Dialogue with...
Tanzania organized a dialogue forum with foreign investors to address issues related to tax incentives, customs, and administrative burdens and committed to creating a smooth, predictable tax framework.
View ArticleTanzania Start-Ups Attract US$ 43 Million in Funding in Q3 of 2024, Ranking...
Tanzania's start-up ecosystem secured US$ 43 million in Q3 2024, ranking it 3rd in Africa's top three destinations for start-up funding, alongside Egypt and Kenya.
View ArticleTanzania-Saudi Arabia Trade and Investment Forum: Riyadh, 17th to 21st...
Tanzania and Saudi Arabia are set to strengthen trade and investment ties in Riyadh from December 17-21, 2024. Key sectors include mining, agriculture, gas, and manufacturing, offering new growth...
View ArticleItaly-Tanzania Business Forum in Dar Es Salaam: February 11-12, 2025
On 11th and 12th February 2025, the Italian Trade Agency (ICE), in collaboration with the Embassy of Italy…
View ArticleTanzania–New Zealand Investment Forum to Take Place Online on 19th November 2024
The Tanzania–New Zealand Investment Forum will be held online on 19th November 2024, from 8:00 AM to 9:15 AM EAT / 6:00 PM to 7:15 PM New Zealand Time. The forum will focus on investment opportunities...
View ArticleTanzania-Belgium Business Mission 2024: Dar es Salaam, 25th to 28th November
The Tanzania Investment Centre (TIC), in collaboration with the Ministry of Foreign Affairs and East African Cooperation, announces…
View ArticleTransfer Pricing in Tanzania: A Comprehensive Overview
Tanzania’s Transfer Pricing Guidelines and Rules, established by the Tanzania Revenue Authority (TRA), are tailored to the country’s…
View Article67% of Tanzanians Approve Government’s Economic Management, 39% See Economic...
The Afrobarometer 2024 survey reveals that 67% of Tanzanians approve of the government’s economic management, with 39% noting improved conditions since 2022. Despite progress, financial hardships...
View ArticleTanzania Moves Up in the World Justice Project (WJP) Rule of Law Index 2024
Tanzania ranks 96th in the 2024 WJP Rule of Law Index, highlighting its economic growth amid challenges in governance, social indicators, and environmental sustainability. Tanzania made its best...
View ArticleTanzania’s Goods Exports to Africa Reach US$ 2.65 Billion in 2023; Imports...
Tanzania’s exports to Africa reached US$ 2.65 billion in 2023, with imports at US$ 1.5 billion. The AfCFTA presents growth opportunities, supported by SME training and regional trade integration efforts.
View ArticleTanzania-Belgium Business Mission 2024 Kicks Off with High-Level Forum in Dar...
The start of the Tanzania-Belgium Business Mission 2024, held on November 25th, brought together over 40 Belgian investors and 300 Tanzanian business leaders in Dar es Salaam. The mission, that will...
View ArticleTax Incentives in Tanzania: A Comprehensive Guide to Obtain TIC Certificate...
Tanzania offers a wide range of tax and non-tax incentives to attract investment and drive economic growth. These…
View ArticleEU’s FUNGUO Program Unveils Third Startup Cohort Funding 18 Tanzanian SMEs...
Tanzania’s FUNGUO program, in partnership with CRDB Bank’s iMBEJU initiative, unveiled the third cohort of 18 startups with a funding pool of TZS 1.8 billion. Selected startups span various sectors,...
View ArticleTanzania-UAE Business Forum: Dar es Salaam, 12th December 2024
Tanzania Investment Centre (TIC), in collaboration with the Dubai International Chamber (DIC), Tanzania Public Sector Foundation (TPSF), Zanzibar…
View ArticleCorporate Tax in Tanzania: Comprehensive Guide to Rates, Incentives, and...
Corporate tax is a cornerstone of Tanzania’s business regulatory framework, impacting all companies operating within the country. Whether…
View ArticleTanzania’s Annual Inflation Decreases to 3.0% in October 2024
The National Bureau of Statistics of Tanzania (NBS) revealed that the annual headline inflation rate for the month…
View ArticleGuide to Company Registration in Tanzania: Requirements, Procedures, Fees
Registering a company in Tanzania involves a detailed legal framework governed by the Companies Act, Cap. 212 (2002)…
View ArticleTanzania New Cabinet Reshuffle: Information, Home Affairs, Legal Affairs, and...
President Samia Suluhu Hassan reshuffles the Cabinet, appointing new Ministers for Information, Home Affairs, Legal Affairs, Works, Livestock and Fisheries, and Communication and Information...
View ArticleTanzania Private Sector Foundation (TPSF) Partners with TanzaniaInvest to...
The Tanzania Private Sector Federation (TPSF) and TanzaniaInvest have formalized a partnership to enhance the visibility of Tanzania's private sector and improve the investment landscape through...
View ArticleInterview with Raphael Maganga CEO of the Tanzania Private Sector Foundation...
In this exclusive interview with TanzaniaInvest, Raphael Maganga, Chief Executive Officer of the Tanzania Private Sector Foundation (TPSF)—the…
View ArticleTanzaniaInvest and TCCIA Partner to Enhance Trade, Industry, and Agriculture...
TanzaniaInvest, the premier source of business, economic, and investment news in Tanzania, has signed a Memorandum of Understanding…
View ArticleInterview with Oscar Kissanga, Executive Director of the Tanzania Chamber of...
TanzaniaInvest conducted an exclusive interview with Oscar Kissanga, Executive Director of the Tanzania Chamber of Commerce, Industry, and Agriculture, to discuss the challenges faced by businesses in...
View ArticleDubai International Chamber Signs MoU with Tanzania’s Chamber of Commerce,...
Dubai International Chamber and the Tanzania Chamber of Commerce, Industry, and Agriculture (TCCIA) signed a MoU to strengthen trade and investment relations during a business forum in Dar es Salaam....
View ArticleTanzania and EU Reaffirm Strategic Partnership in 2024 Dialogue
The 2024 Partnership Dialogue between the European Union and Tanzania highlighted their long-standing collaboration in governance, trade, security, and regional integration. The dialogue reaffirmed...
View ArticleTanzania Launches Investment Facilitation Platform in Hunan, China to Secure...
The Tanzania Investment Centre has established an investment facilitation platform in Hunan Province, China, to secure US$ 3 billion in Chinese investments. The initiative follows Chinese President Xi...
View ArticleWorld Bank Pledges US$ 300 Million for TASAF Phase III to Alleviate Poverty...
The World Bank has pledged US$ 300 million to support Phase III of Tanzania’s Social Action Fund (TASAF). The initiative focuses on poverty alleviation by providing conditional cash transfers,...
View ArticleWorld Bank Report Highlights Climate Risks and US$ 19 Billion Funding Needs...
The World Bank has released its Climate and Development Report for Tanzania, emphasizing US$ 19 billion funding needs to meet climate goals by 2030. The report warns of significant risks to GDP and...
View ArticleTanzania Exports YE October 2024: Growth in Gold, Tobacco, Cashews,...
The Bank of Tanzania (BOT) released its Monthly Economic Review-November 2024 which covers key macroeconomic indicators for the…
View ArticleWorld Bank Provides US$ 104 Million to Tanzania for Gender Equality through...
The World Bank has partnered with the Government of Tanzania to provide US$ 104 million for the PAMOJA project, which focuses on enhancing economic opportunities for women, addressing gender-based...
View ArticleIMF Approves US$ 204.5 Million for Tanzania Following Economic Reforms and...
The IMF Executive Board completed the fourth review under Tanzania’s Extended Credit Facility (ECF) arrangement and the first review under the Resilience and Sustainability Facility (RSF), approving...
View ArticleTanzania and Oman Sign Double Taxation Agreement
Tanzania and Oman have signed a treaty to eliminate double taxation and prevent tax evasion, reducing tax burdens and fostering bilateral trade. The agreement aims to attract investments from Oman into...
View ArticleTanzania-Saudi Arabia Investment Forum Draws 70 Investors, Leading to...
The Tanzania-Saudi Arabia Investment Forum, held from December 17 to 21, 2024, in Riyadh, brought together 70 investors and resulted in agreements to explore partnerships in agriculture, energy,...
View ArticleTanzania Makes First Shipment of Honey to China
Tanzania has shipped 10 metric tons of honey to China for the first time, following an August 2023 trade agreement granting market access. The shipment highlights Tanzania’s growing honey industry...
View ArticleTanzania’s Annual Inflation Stayed at 3.0% in November 2024
Tanzania's annual headline inflation rate remained at 3.0% in November 2024, unchanged from October 2024, while the monthly inflation rate rose due to price increases in key items. Food items such as...
View ArticleTanzania Breaks Investment Records in 2024 with US$ 7.7 Billion in Projects
The Tanzania Investment Centre (TIC) announced that it registered 842 projects worth US$ 7.7 billion in 2024, achieving 88.2% of its target of 1,000 projects. This marks the highest investment value...
View ArticleTanzania-Japan Business and Investment Forum: Dar es Salaam, 14th January 2025
The Tanzania Investment Centre (TIC), in collaboration with the Tanzania Embassy in Japan and the Embassy of Japan…
View ArticleTanzania Exports YE November 2024: Growth in Gold, Horticulture, Tourism, and...
According to the Bank of Tanzania's Monthly Economic Review for December 2024, Tanzania's exports grew to USD 15.87 billion in the year ending November 2024, driven by gold, horticulture, and tourism,...
View ArticleTanzania Targets US$ 15 Billion in Investments for 2025, Focusing on...
Tanzania aims to attract US$ 15 billion in investments in 2025, prioritizing manufacturing, clean energy, transport, minerals, agriculture, and services. The government plans key reforms, including...
View ArticleFitch Affirms Tanzania’s ‘B+’ Rating Citing Strong GDP Growth, Low Inflation,...
In December 2024, Fitch Ratings has affirmed Tanzania’s Long-Term Foreign-Currency IDR at ‘B+’ with a Stable Outlook, highlighting strong economic growth, low inflation, and fiscal reforms under an IMF...
View ArticleBank of Tanzania Keeps Policy Rate at 6% for Q3 2024; Domestic Economy on...
The Bank of Tanzania’s Monetary Policy Committee has decided to keep the Central Bank Rate (CBR) at 6% for the first quarter of 2025. Governor Emmanuel Tutuba highlighted that the move aims to maintain...
View ArticleTanzania’s Annual Inflation Hits Record Low of 3.1% in 2024, the Lowest Ever
Tanzania's annual inflation rate decreased to 3.1% in 2024 from 3.8% in 2023. This was driven by a drop in food inflation to 2.1% in 2024 from 6.8% in 2023, following government efforts to boost food...
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