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Channel: Economy of Tanzania in 2023 and 2024- March 2024 Update
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Tanzania Introduce App to Identify Fake Electronic Tax Stamps

The Tanzania Revenue Authority (TRA), has introduced an app to confirm the genuineness of Electronic Tax Stamps (ETS) on spirits. Tanzania passed the Electronic Tax Stamps Regulations in 2018, and in...

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Tanzania Gold Exports Up By +309% In YE February 2021, Tourism Down By -67%

The Bank of Tanzania (BOT) released its Monthly Economic Review – March 2021, indicating that gold exports, which accounted for 56.3% of non-traditional exports, increased by USD 729.6 million to USD...

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Tanzania Annual Inflation Decrease to 3.2% in March 2021, Food Up by 4.3%

The National Bureau of Statistics of Tanzania (NBS) reveals that the Annual Headline Inflation Rate for the month of March 2021 has decreased to 3.2% from 3.3% in February 2021. The overall index went...

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Tanzania Economy to Grow by 6% in 2021, Central Bank Say

In its latest Monetary Policy Statement, Mid-Year Review, of February 2021 the Bank of Tanzania (BoT) projects that the country’s real GDP will grow by 5.5% in 2020 and 6.0% in 2021. Despite the...

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Tanzania Proposed 3rd Five Year Development Plan 2021/22-2025/26 – All You...

The recently appointed new Minister of Finance of Tanzania Dr. Mwigulu Lameck Nchemba has recently presented to parliament the country’s proposed Third National Development Plan 2021/22-2025/26 (FYDP...

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World Bank To Increase Its Financial Support to Tanzania in 2021-2022

On 19th April 2021, the President of Tanzania, Hon. Samia Suluhu Hassan has met and held talks with the Resident Director of the World Bank Ms. Mara Warwick. During the talks, President Samia thanked...

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800 Chinese Companies Ready to Invest in Tanzania

On 21st April 2021, the President of Tanzania, Hon. Samia Suluhu Hassan met with the leaders of the Chinese Chamber of Commerce in the country to discuss various issues pertaining to trade and...

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Priority Sectors and Growth Strategy of Tanzania Sixth Phase Government – All...

On 22nd April 2021, Tanzania’s new president Samia Suluhu Hassan gave her first speech to the parliament, unveiling the economic sector and strategy that the Sixth Phase Government will prioritize and...

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Tanzania to Apply for IMF Loan in 2021

On the 3rd of May 2021, the President of Tanzania Samia Suluhu Hassan held an online conversation with the Managing Director of the International Monetary Fund (IMF) Kristalina Georgieva to discuss...

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Tanzania and Kenya to Re-Ignite Trade and Economic Cooperation

Hon. Samia Suluhu Hassan has just completed a two-day official visit to Kenya where she met her Kenyan counterpart President Uhuru Kenyatta with the aim to unlock trade and strengthen economic...

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Tanzania Gold Exports Reach USD 3 Billion In YE March 2021, Tourism and...

The Bank of Tanzania (BOT) released its Monthly Economic Review – April 2021, revealing that gold exports increased by USD 701.3 million to USD 3,025.4 million in the year-end March 2021. The increase...

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Tanzania Annual Inflation Increase to 3.3% in April 2021

The National Bureau of Statistics of Tanzania (NBS) reveals that the Annual Headline Inflation Rate for the month of April 2021 has increased to 3.3% from 3.2% in April 2021. The overall index went up...

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Tanzania Economy to Grow 5.6% in 2021, Central Bank Forecast

The Bank of Tanzania (BOT) has releases its Monetary Policy Committee (MPC) on 28th May 2021 to review recent implementation of monetary policy, as well as performance of domestic and global...

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President Suluhu Met With Tanzania Private Sector to Improve Business...

The President of Tanzania, Hon. Samia Suluhu Hassan has recently met with the leaders of the Tanzania Private Sector Foundation (TPSF)–the apex body of the private sector in Tanzania–to discuss...

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Kagame Write to Suluhu to Develop Rwanda-Tanzania Relations

On 3rd June 2021, the President of Tanzania, Hon. Samia Suluhu Hassan has received a message from the President of Rwanda Hon. Paul Kagame presented by the Special Envoy and the Minister of Foreign...

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WB Approve USD 875 Million Financing for Tanzania Development Projects

On 27th May 2021, the World Bank approved three development projects in Tanzania with a combined financing of USD 875 million from the International Development Association (IDA). The loans will help...

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Tanzania Elected Vice President of UN General Assembly

Tanzania has been elected Vice President of the 76th General Assembly of the United Nations General Assembly (UNGA 76) in an election held on 7th June 2021 in New York. In the election, the Minister...

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Gold and Horticultural Products Drive Tanzania Exports In April 2021

The Bank of Tanzania (BOT) Monthly Economic Review – May 2021 indicates that during the year ending April 2021, exports continued to gain momentum as the global impact of the Covid-19 pandemic wanes...

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Tanzania Annual Inflation Stay at 3.3% in May 2021

The National Bureau of Statistics of Tanzania (NBS) reveals that the Annual Headline Inflation Rate for May 2021 has stagnated to 3.3% as it was recorded in April 2021. The overall index went up from...

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Tanzania Approve TZS 36.68 Trillion Budget for 2021-2022

The parliament of Tanzania has approved the Central Government Budget of TZS 36.68 trillion for the financial year 2021-2022 with 94% of the Members of Parliament (MOPs) voting yes. The total budget...

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