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Tanzania To Revive Bagamoyo Port Project, Iron Ore and Coal Mining at Liganga...
The President of Tanzania Hon. Samia Suluhu Hassan chaired on 26th June 2021 the 12th Session of the National Business Council (TNBC), the official forum for dialogue between the public and private...
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Tanzania Annual Inflation Increase to 3.6% in June 2021
The National Bureau of Statistics of Tanzania (NBS) reveals that the Annual Headline Inflation Rate for June 2021 has increased to 3.6% from 3.3% recorded in May 2021. The overall index went up from...
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CDC Announce USD 50M Trade Finance Facility With Ecobank to Support African...
CDC Group, the UK’s Development Finance Institution and impact investor, has announced a USD 50 million trade finance facility for Ecobank International (EBI SA). EBI SA was created in Paris in 2008...
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Tanzania Exports Declined by -11% In YE May 2021 due to Plummet in Tourism...
The Bank of Tanzania (BOT) Monthly Economic Review – June 2021 indicates that during the year ending May 2021, the value of exports of goods and services declined by -11% during the same period in...
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US Send Tanzania One Million Doses of Covid-19 Vaccine
The U.S. Embassy in Tanzania has announced the donation by the United States government of over one million doses of the single-shot Johnson & Johnson COVID-19 vaccine as part of its global...
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Tanzania President Kick-Start Vaccination Campaign
On 28th July 2021, the President of Tanzania, Hon. Samia Suluhu Hassan launched the Covid-19 vaccination campaign in the country by getting the vaccine shot at the White House in Dar es Salaam....
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Tanzania FDI Reach USD 1 Billion in 2020, More Than Kenya and Uganda
The United Nations Conference on Trade and Development (UNCTAD) has just released its World Investment Report 2021, indicating that global foreign direct investment (FDI) flows dropped by -35% to USD...
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Tanzania Annual Inflation Increase to 3.8% in July 2021, the Highest Since...
The National Bureau of Statistics of Tanzania (NBS) reveals that the Annual Headline Inflation Rate for July 2021 has increased to 3.8% from 3.6% recorded in June 2021. This is the highest since the...
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Tanzania Gold Exports Reach Record In YE June 2021
The Bank of Tanzania (BOT) Monthly Economic Review-July 2021 indicates that during the year ending June 2021, the value of gold exports totaled USD 3,028.8 million, the highest level of earnings ever...
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Egyptian Multinational Co to Establish Industrial Zone in Tanzania With...
The President of Tanzania, Hon. Samia Suluhu Hassan has met and held talks with the President and CEO of Egyptian multinational company Elsewedy Electric, Ahmed El Sewedy, on 13th August 2021. The...
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Tanzania GDP Grew by +4.9% in Q1 2021 Thanks to Gold Production
In the quarter ending March 2021, the economy of Tanzania grew by 4.9% compared with 5.9% in the corresponding quarter in 2020, the Bank of Tanzania (BOT) indicates in its latest Economic Bulletin of...
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Global Fund Approve USD 112 M to Support Tanzania’s Covid-19 Response
The Global Fund to Fight AIDS, Tuberculosis and Malaria announced on 17th August 2021 the approval of USD 112 million to support Tanzania’s COVID-19 response. The funds, channeled through the Global...
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Tanzania Exports of Gold Continue to Grow In YE July 2021 Thanks to High...
The Bank of Tanzania (BOT) Monthly Economic Review-August 2021 indicates that in the year ending July 2021 the value of gold exports increased by USD 261.9 million to USD 2,990.5 million. During the...
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IMF Approves USD 567.25 M to Help Tanzania Tackle Covid-19 Pandemic
On 7th Septemebr 2021, the International Monetary Fund (IMF) approved USD 567.25 million in emergency financial assistance to support Tanzania’s efforts in responding to the Covid-19 pandemic by...
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Tanzania Annual Inflation Stayed at 3.8% in August 2021
The National Bureau of Statistics of Tanzania (NBS) reveals that the Annual Headline Inflation Rate for August 2021 stayed at 3.8%, the same recorded in July 2021. The overall index went up from 99.96...
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Credit to Tanzania Private Sector Growing Thanks to Central Bank Easing...
The Monetary Policy Committee (MPC) of the Bank of Tanzania (BOT) met on 13th September 2021 to review the conduct of monetary policy and economic performance in the recent past and the general...
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Tanzania Join African Continental Free Trade Area AfCFTA
On 9th September 2021, the Parliament of Tanzania has ratified the Agreement Establishing the African Continental Free Trade Area (AfCFTA), effectively joining a free market of 54 African countries...
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Tanzania Launch TZS 3.6 Trillion Economic Recovery Plan
On 10th October 2021, the President of Tanzania, Hon. Samia Suluhu Hassan launched the Government’s Economic Recovery Plan and Response to the Covid-19 pandemic worth TZS 3.62 trillion at a ceremony...
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Tanzania GDP to Grow 4.0% and 5.1% in 2021 and 2022, IMF Project
The International Monetary Fund (IMF) has released today its WORLD ECONOMIC OUTLOOK Report (WEO) 2021, projecting a Gross Domestic Product (GDP) growth of +4.0% and +5.1% for Tanzania in 2021 and...
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Tanzania Annual Inflation Increased to 4% in September 2021
The National Bureau of Statistics of Tanzania (NBS) reveals that the Annual Headline Inflation Rate for September 2021 increased to 4.0% from 3.8% recorded in August 2021. The inflation rate for food...
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