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Tanzania Unveil 2019/20 Budget Proposal
Tanzania’s Minister for Finance and Planning Hon. Philip Mpango recently presented to the National Assembly the budget proposal for the fiscal year 2019/20. The Government plans to spend a total of...
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Tanzania GDP Growth Solid but Slowing, WB Indicate
GDP growth in 2018 in Sub-Saharan Africa is estimated at 2.3%, down from 2.5% in 2017, the World Bank (WB) indicates in its latest Africa’s Pulse report volume 19 of April 2019. The document is an...
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Tanzania Annual Inflation Increase to 3.7% in March 2019
The National Bureau of Statistics of Tanzania (NBS) indicates that the Annual Headline Inflation Rate for March 2019 has increased to 3.7% from 3.1% recorded in February 2019. The overall index went...
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Tanzania Economy Slowing Down, IMF Warns
The International Monetary Fund (IMF) estimates that real GDP growth of Tanzania will be 4.0% in 2019, and 4.2% in 2020, as opposed to 6.6% growth experienced in 2018. The estimates are included in...
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Tanzania Gold and Tourism Exports Up in February 2019
The latest Bank of Tanzania (BOT) Monthly Economic Review of March 2019 indicates that in February 2019 the country’s value of exports of goods and services increased to USD 890.0 million from USD...
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World Bank To Support Tanzania 2019/20 Budget With USD 1.7 Billion
The World Bank (WB) has agreed to provide Tanzania with a concessional loan and support worth USD 1.7 billion, equivalent to approximately TZS 4 trillion, for implementing various economic and social...
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East Africa and Tanzania to Show Strong Economic Growth in 2019
The Institute of Chartered Accountants in England and Wales (ICAEW) has recently issued its latest Economic Update for Africa for Q1 2019, which includes economic forecasts for the region. Within the...
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AfDB Reiterate Financial Support to Tanzania
The President of the African Development Bank (AfDB) Hon. Dr. Akinwumi Adesina met with the President of Tanzania, Hon. Dr. John Bombe Magufuli in Dar es Salaam on May 15th, 2019. Dr. Adesina...
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Tanzania Annual Inflation Increase to 3.2% in April 2019
The National Bureau of Statistics of Tanzania (NBS) indicates that the Annual Headline Inflation Rate for April 2019 has increased to 3.2% from 3.1% recorded in March 2019. The overall index went up...
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Tanzania Gold and Tourism Exports Up in March 2019
The latest Bank of Tanzania (BOT) Monthly Economic Review of April 2019 indicates that the value of goods and services exported in the year ending March 2019 increased to USD 8,544.5 million from USD...
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Tanzania Annual Inflation Increase to 3.5% in May 2019
The National Bureau of Statistics of Tanzania (NBS) indicates that the Annual Headline Inflation Rate for May 2019 has increased to 3.5% from 3.2% recorded in April 2019. The overall index went up to...
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Investing to Transform Tanzania and Ensure Shared Prosperity of Our People
By Manzi Rwegasira, Acting Head of Corporate & Investment Banking at Stanbic Tanzania. Tanzania’s macro-economic performance has been on a positive trajectory in the last two decades, with the GDP...
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Tanzania Annual Inflation Increase to 3.7% in June 2019
The National Bureau of Statistics of Tanzania (NBS) indicates that the Annual Headline Inflation Rate for June 2019 has increased to 3.7% from 3.5% recorded in May 2019. The overall index went up to...
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Tanzania GDP Growth Slowed to 5.2% in 2018, WB Reveals
The World Bank (WB) has recently published its Tanzania Economic Update of July 2019, in which it estimates that using demand-side data, real GDP growth for 2018 was 5.2%. This is lower than the GDP...
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East Africa Trade and Investment Hub Project Come to End
The East Africa Trade and Investment Hub (the Hub), a project of the United States Agency for International Development (USAID), is coming to a close in August 2019. This is an expected end as the Hub...
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Tanzania GDP Growth Slow Down in Q1 2019 to 6.6%
The Tanzania National Bureau of Statistics (NBS) recently released its Highlights Of The First Quarter Gross Domestic Product (January – March) 2019 Report, which shows that in the first quarter of...
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Tanzania Annual Inflation Stagnate at 3.7% in July 2019
The National Bureau of Statistics of Tanzania (NBS) indicates that the Annual Headline Inflation Rate for July 2019 has stangnated at 3.7% as it was recorded in June 2019. The overall index went up to...
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Tanzania FDI Drop in 2018 Due to Removal of Financial Incentives
A report published by the National Bureau of Statistics of Tanzania (NBS) indicates that in 2018 the Tanzania Investment Center (TIC) registered a total of 215 projects compared to 345 projects in...
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Tanzania Annual Inflation Slow Down to 3.6% in August 2019
The National Bureau of Statistics of Tanzania (NBS) indicates that the Annual Headline Inflation Rate for August 2019 has decreased to 3.6% from 3.7% recorded in July 2019. The overall index went up to...
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Tanzania Set Tax Collection Record
The Tanzania Revenue Authority (TRA) collected TZS 1.767 trillion in taxes in September 2019, the highest amount it has ever collected since its inception in 1996. The amount corresponds to 97.2% of...
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