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Tanzania Annual Inflation Slow Down to 3.4% in September 2019
The National Bureau of Statistics of Tanzania (NBS) indicates that the Annual Headline Inflation Rate for September 2019 has decreased to 3.4% from 3.6% recorded in August 2019. The overall index went...
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Tanzania and Zambia Launch One-Stop Border Post
Tanzania’s President John Magufuli and Zambia’s President Edgar Lungu recently launched the Tunduma One-Stop Border Post (OSBP) located on the Tanzania-Zambia border. Tunduma is the busiest transit...
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Tanzania Gold Exports Up +25% in August 2019
The latest Bank of Tanzania (BOT) Monthly Economic Review indicates that in August 2019 gold exports rose by +25.1% to USD 1,915.3 million, driven by volume, and accounted for more than half of...
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Tanzania GDP Expanded by 7.2% in Q2 2019
The Tanzania National Bureau of Statistics (NBS) recently released its Highlights Of The Second Quarter Gross Domestic Product (April – June) 2019 Report, indicating that the value of GDP at constant...
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Tanzania Annual Inflation Increase to 3.6% in October 2019
The National Bureau of Statistics of Tanzania (NBS) indicates that the Annual Headline Inflation Rate for Octoberber 2019 has increased to 3.6% from 3.4% recorded in September 2019. The overall index...
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Tanzania Gold Exports Up by 26% in September 2019
The latest Bank of Tanzania (BOT) Monthly Economic Review of October 2019 indicates that in the year ending September 2019, gold exports rose by +26.1% to USD 1.9 billion on account of volume and...
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Tanzania State-Owned Companies Pay Record Dividends
The President of Tanzania, Hon. John Magufuli recently received, on the behalf of the Government, TZS 1.05 trillion (USD 455 million) in dividends and contributions from institutions, public entities,...
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Tanzania Economic Growth Will Depend on Business Environment Reforms, WB Say
The World Bank’s (WB) recently published its latest Tanzania Economic Update, indicating that the country was again one of the top growth performers in the region. The independent view of the WB...
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Tanzania Annual Inflation Increase to 3.8% in November 2019
The National Bureau of Statistics of Tanzania (NBS) indicates that the Annual Headline Inflation Rate for the month of November 2019 has increased to 3.8% from 3.6% recorded in October 2019. The...
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AfDB Support Tanzania Business and Investment Environment Reforms with USD 55 M
The African Development Bank (AfDB) has approved a USD 55 million facility to strengthen the implementation of reforms to enhance Tanzania’s economic competitiveness and private sector participation...
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Tanzania Poverty Decline Between 2007 and 2018
The World Bank (WB) 2019 Tanzania Mainland Poverty Assessment report published in December 2019, notes that poverty decreased by 8% in 10 years, down from 34.4% in 2007 to 26.4% in 2018. The report...
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Bank of Tanzania 2018-19 Annual Report
The Central Bank of Tanzania (BOT) has just published its Annual Report 2018-19, which entails an overview of the implementation of monetary policy, and a comprehensive overview of the domestic...
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Tanzania Gold Exports Up by 42% in November 2019
The latest Bank of Tanzania (BOT) Monthly Economic Review of December 2019 indicates that in the year ending November 2019, gold exports rose by +41.9% to USD 2.1 billion on account of volume and...
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Tanzania Annual Inflation Stay at 3.8% in December 2019
The National Bureau of Statistics of Tanzania (NBS) indicates that the Annual Headline Inflation Rate for the month of December 2019 has remained at 3.8%, the same that was recorded in November 2019....
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London Hosted UK-Africa Investment Summit Sponsored by Standard Bank
On 20th January 2020, the UK hosted the UK-Africa Investment Summit in London, sponsored by Standard Bank, Africa’s largest banking group by assets. The Summit was intended to create new lasting...
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Tanzania Annual Inflation Decrease to 3.7% in January 2020
The National Bureau of Statistics of Tanzania (NBS) indicates that the Annual Headline Inflation Rate for the month January 2020 decreased to 3.7% from 3.8% recorded in December 2019. The overall...
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Tanzania Tourism and Gold Revenues Up in 2019
The latest Bank of Tanzania (BOT) Monthly Economic Review of January 2020 indicates that in the year ending December 2019, travel proceeds, mostly from tourism-related activities, grew by 3.2%, to USD...
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AfDB: Tanzania GDP Grew by 6.8% in 2019, and Will Slow to 6.4% in 2020
The African Development Bank (AfDB) has released its African Economic Outlook 2020 report, estimating that Tanzania’s real GDP grew by 6.8% in 2019. The real GDP growth in 2018 was estimated at 7%, but...
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IMF: Tanzania GDP Growth Estimated at 6% in 2020, Tax Reforms Needed
An International Monetary Fund (IMF) team visited Tanzania from 20th February to 4th March 2020 to asses the state of the national economy. At the end of the visit, the head of the mission Mr. Enrique...
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Tanzania Annual Inflation Remain at 3.7% in February 2020
The National Bureau of Statistics of Tanzania (NBS) indicates that the Annual Headline Inflation Rate for the month of February 2020 was 3.7%, the same recorded in January 2020. The overall index went...
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