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Channel: Economy of Tanzania in 2023 and 2024- March 2024 Update
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Tanzania Diamonds and Tourism Up in Q4 2017, Gold Down

The Bank of Tanzania (BOT) recently published its Economic Bulletin for Q4 2017 showing a growth in diamond production and in tourist arrivals and a decline in gold production.  Diamonds The production...

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Tanzania 7th Best Country to Invest in Africa

Tanzania climbed two places in the 2018 “Where to Invest in Africa” report of RMB bank, to position itself as Number 7. RMB’s Investment Attractiveness Index provides a means by which to assess the...

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Tanzania Annual Inflation Decrease to 3.9% in March 2018

The National Bureau of Statistics of Tanzania (NBS) indicates that Annual Headline Inflation Rate for the month of March 2018 has decreased to 3.9% from 4.1% recorded in February 2018. The overall...

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Tanzania To Intensify Relations With Israel

Following the 5th Tanzania-Israel Business and Investment Forum (TIBIF) that took place in Dar es Salaam on 23 – 24th April 2018, the two countries are on a path to intensify bilateral relations. The...

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Tanzania Exports Up +21.6% in Year End February 2018

The Bank of Tanzania (BOT) Monthly Economic Review of March 2017 indicates that earnings from export of goods and services increased by 21.6% to USD 222.7 million in the year ending February 2018. The...

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Tanzania Annual Inflation Decrease to 3.8% in April 2018

The National Bureau of Statistics of Tanzania (NBS) indicates that the Annual Headline Inflation Rate for the month of April 2018 has decreased to 3.8% from 3.9% recorded in March 2018. The overall...

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Tanzania Annual Inflation Decrease to 3.6% in May 2018

The National Bureau of Statistics of Tanzania (NBS) indicates that the Annual Headline Inflation Rate for the month of May 2018 has decreased to 3.6% from 3.8% recorded in April 2018. The overall index...

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Tanzania Outperform its Neighbours for Personal Security

Tanzania ranked 77th in 2018 Gallup’s Global Law And Order Report, which measures people’s sense of personal security and their experiences with crime and law enforcement in 142 countries around the...

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Tanzania GDP Expanded by 7.1% in 2017

The Tanzania National Bureau of Statistics (NBS) has recently released the Gross Domestic Product (GDP) data for 2017, showing a growth of +7.1% compared to 2016 (+7.0%). The value of Annual Gross...

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Tanzania Budget 2018/19: Hihlights

Tanzania’s Minister for Finance And Planning, Hon. Dr. Philip I. Mpango has presented to the national assembly the Estimates of Government Revenue and Expenditure (the Budget) for 2018/19. In his...

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Tanzania Annual Inflation Decrease to 3.4% in June 2018

The National Bureau of Statistics of Tanzania (NBS) indicates that the Annual Headline Inflation Rate for June 2018 has decreased to 3.4% from 3.6% recorded in May 2018. The overall index went up to...

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Tanzania Tax Revenues Up By 9.5% in 2016/17

Total revenue collected by Tanzania’s Central Government (which excludes revenue by Local Government Authorities – LGAs) grew by 9.5% between the financial years 2015/16 and 2016/17, from TZS 18,101.3...

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AfDB Lend Tanzania USD 40 Million to Support Private Sector Development

The African Development Bank (AfDB) has announced a USD 40 million budget support loan to Tanzania, to promote the country’s transition towards inclusive and resilient private sector-led economic...

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Tanzania Tourism Revenues Up +14.6% in Year End May 2018

The Bank of Tanzania (BOT) Monthly Economic Review of June 2017 indicates that earnings from export of goods and services rose to USD 240.0 million in the year ending May 2018 from USD 171.4 million in...

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Tanzania Annual Inflation Decrease to 3.3% in July 2018

The National Bureau of Statistics of Tanzania (NBS) indicates that the Annual Headline Inflation Rate for July 2018 has decreased to 3.2% from 3.4% recorded in June 2018. The overall index went up to...

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Tanzania Tourism Revenues Up +13.6% in Year End June 2018

The Bank of Tanzania (BOT) Monthly Economic Review of July 2018 indicates that earnings from export of goods and services amounted to USD 9,075.5 million in the year ending June 2018. Services Receipts...

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Tanzania Annual Inflation Stagnate at 3.3% in August 2018

The National Bureau of Statistics of Tanzania (NBS) indicates that the Annual Headline Inflation Rate for August 2018 has stagnated at 3.3% as it was recorded in July 2018.  The overall index went up...

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Tanzania Intend to Withdraw from International Arbitrations

The government of Tanzania recently presented in Parliament a proposal to amend the Public-Private Partnership (PPP) Act and withdraw from international arbitrations. The current PPP legal framework...

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Tanzania Annual Inflation Slightly Increase to 3.4% in September 2018

The National Bureau of Statistics of Tanzania (NBS) indicates that the Annual Headline Inflation Rate for September 2018 has slightly increased to 3.4% from 3.3% recorded in August 2018.  The overall...

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Tanzania Entertainment and Media Revenues to Increase by USD655M in the Next...

Multinational professional services firm PWC recently released its 9th edition of the Entertainment and media outlook: 2018 – 2022, which analyses the trends shaping the entertainment and media...

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