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Tanzania Exports Grew by 20% in January 2020
The latest Bank of Tanzania (BOT) Monthly Economic Review of February 2020 indicates that in the year ending January 2020, the value of exports of goods and services amounted to USD 9,915.6 million...
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5,553 Tanzanians Own More Than USD 1 Million
Leading real estate consultancy firm Knight Frank recently published its Wealth Report 2020, indicating that in 2019 there were 5,553 High-Net-Worth-Individuals (HNWI) in Tanzania with a total wealth...
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Tanzania Announce Plan to Fight Covid-19, Economic Activity to Continue
On Sunday 22nd March 2020, the President of Tanzania Hon. John Magufuli addressed the nation on the situation of the new coronavirus pandemic in the country and announced the plans of the Government...
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Free Movements of Goods and Services in East Africa to Continue With Strict...
The Ministers Responsible for Health and EAC Affairs of the six countries part of the East African Community met by video conference on 25th March 2020 to share existing knowledge and information on...
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World Bank to Lend Tanzania USD 500 Million for Secondary Education Improvement
IDA, the World Bank’s fund for the poorest countries, approved on 31st March 2020 a credit of USD 500 million to enable millions of young Tanzanians to access and complete secondary education in safer...
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AfDB To Lend USD 10 Billion To African Countries To Fight COVID-19
The African Development Bank Group announced the creation of the COVID-19 Response Facility to assist regional member countries in fighting the pandemic. The Facility is the latest measure taken by...
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Tanzania Annual Inflation Slow Down in March 2020 to 3.4%
The National Bureau of Statistics of Tanzania (NBS) reveals that the Annual Headline Inflation Rate for the month of March 2020 slowed down to 3.4% from 3.7% in February 2020. The overall index went up...
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E-commerce Can Boost Tanzania’s Economy, UNCTAD Say
According to the United Nations Conference on Trade and Development (UNCTAD), the United Nations (UN) body dealing with trade, investment, and development issues, Tanzania is well-positioned to...
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Tanzania Annual Inflation Slow Down in April 2020 to 3.3%
The National Bureau of Statistics of Tanzania (NBS) reveals that the Annual Headline Inflation Rate for the month of April 2020 slowed down to 3.3% from 3.4% in March 2020. The overall index went up to...
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Bank of Tanzania Introduce Measures to Cushion the Economy from the Impact of...
On 12th May 2020, the Bank of Tanzania (BOT) revealed in a statement the various policies approved by the Monetary Policy Committee (MPC) to cushion the economy from the adverse effect of Covid-19....
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Tanzania Tourist Arrivals Down 51% in March 2020
The latest Bank of Tanzania (BOT) Monthly Economic Review of April 2020 shows that in the year ending March 2020, exports of goods and services amounted to USD 9,951.1 million in the year ending March...
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Tanzania Unveil Budget and Macroeconomic Targets for 2020/21
Tanzania’s Minister for Finance and Planning Hon. Philip Mpango just presented to the National Assembly the budget proposal for the fiscal year 2020/21. This is the fifth national budget under the...
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IMF Approve USD 14.3 Million Debt Relief to Tanzania to Help Address Covid-19...
On 19th June 2020, the Executive Board of the International Monetary Fund (IMF) approved a grant under its Catastrophe Containment and Relief Trust (CCRT) to cover Tanzania’s debt service falling due...
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Tanzania Annual Inflation Slow Down to 3.2% in May 2020
The National Bureau of Statistics of Tanzania (NBS) reveals that the Annual Headline Inflation Rate for the month of May 2020 slowed down to 3.2% from 3.3% in April 2020. The overall index went up to...
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Tanzania GDP to Grow 2.5% in 2020, WB Forecast
The World Bank (WB) recently released its 14th Tanzania Economic Update (TEU), forecasting economic growth to slow sharply in 2020, to 2.5% from the 6.9% growth the government reported in 2019,...
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Tanzania Exports Up 15% in April 2020
The latest Bank of Tanzania (BOT) Monthly Economic Review of May 2020 shows that in the year ending April 2020 the value of exports of goods and services increased to USD 9,982.8 million from USD...
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Tanzania Become Middle Income Country
The World Bank (WB) upgraded Tanzania’s country classification by income level from low income to lower-middle income in 2020-21. The WB assigns the world’s economies to four income groups—low,...
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Tanzania to Benefit from AfDB Grants to Fight Covid-19
The African Development Fund (AfDB) just approved grants totaling USD 9.52 million to strengthen responses to the COVID-19 pandemic in East Africa and the Horn, and in the Comoros. The grant, approved...
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Tanzania Annual Inflation Stagnate at 3.2% in June 2020
The National Bureau of Statistics of Tanzania (NBS) reveals that the Annual Headline Inflation Rate for the month of June 2020 stagnated at 3.2% as it was recorded in May 2020. The overall index went...
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Tanzania GDP to Growth 5.2% in 2020 and 6.3% in 2021, AfDB Estimate
According to the recently published African Economic Outlook 2020 report by the African Development Bank (AfDB), Tanzania will see a drop in its GDP growth to 5.2% in 2020 and 6.3% in 2021, from the...
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