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Tanzania GDP Grew by +4.3% in Q2 2021 Thanks to Increased Crop Production
During the second quarter (Q2) of 2021, the value of Tanzania’s Quarterly Gross Domestic Product (QGDP) in absolute terms at current prices increased to TZS 38.9 trillion from TZS 37.2 trillion in the...
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Tanzania To Experience Strong Economic Growth in 2022 and 2023, AfDB Projects
The African Development Bank (AfDB) has recently released its East Africa Economic Outlook 2021 report, estimating that Tanzania’s GDP will grow by 2.8% in 2021, and projecting a strong rebound for...
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Tanzania Exports of Manufactured Goods Increased by 33% in YE August 2021,...
The Bank of Tanzania (BOT) Monthly Economic Review-September 2021 indicates that in the year ending August 2021 the exports of goods increased by 7.1% to USD 6,589.5 million, During the same period,...
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Tanzania Tables Key Projects for 2022 and 2023
Tanzania’s Minister of Finance and Planning Mwigulu Nchemba has recently presented to Parliament his reccomendations for the preparation of the national budget for 2022/23, suggesting an uncrease in...
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Tanzania Annual Inflation Decreases to 3.9% in October 2021
The National Bureau of Statistics of Tanzania (NBS) reveals that the Annual Headline Inflation Rate for October 2021 decreased to 3.9% from 4.0% recorded in September 2021. The overall index went up...
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Tanzania President Promotes Investments Opportunities During Visit to Egypt
On 10th November 2021, the President of Tanzania Hon. Samia Suluhu Hassan has arrived in Cairo, Egypt to begin a three-day state visit. Immediately after arriving at the White House in Cairo,...
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Tanzania Crops Exports Double In September 2021, Tourism Up Too
The Bank of Tanzania (BOT) Monthly Economic Review-October 2021 indicates that traditional exports more than doubled to USD 83.5 million in September 2021 from USD 40.9 million in the corresponding...
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US Signs MOU To Increase Investments in East Africa
The East African Business Council (EABC) has signed a Memorandum of Understanding (MOU) with the Africa Global Chamber of Commerce (AGCC) to lure more investments from the United States of America...
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IMF Approves First USD 372 million for Tanzia, Interest-Free
On 12th November 2021, the IMF approved USD 372.4 million in emergency financial assistance to Tanzania under the Rapid Credit Facility (RCF), allowing the country to borrow from the Fund fully on...
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Credit to Tanzania Private Sector Up +4.6% in September 2021
The Monetary Policy Committee (MPC) of the Bank of Tanzania (BOT) met on 15th November 2021, noting that the conduct of monetary policy in September and October 2021 continued to maintain liquidity in...
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Tanzania GDP Up +4.3% in Q2 2021
The Bank of Tanzania (BOT) has just released its Economic Bulleting for the Quarter Ending September 2021, revealing that the economy grew by 4.3% in the quarter ending June 2021. This is higher than...
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Tanzania and Ethiopia Fastest Growing Economies in East Africa in 2020 and 2021
Multinational professional services firm EY has just released its Africa Attractiveness Report 2021 that examines the attractiveness of Africa as an investment destination. The findings confirm that...
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Tanzania Annual Inflation Stays at 4% in October 2021
The National Bureau of Statistics of Tanzania (NBS) reveals that the Annual Headline Inflation Rate for October 2021 stayed at 4.0%, the same recorded in September 2021. The overall index went up from...
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EAC Lauds Tanzania for Regional Integration and Trade Expansion Contribution
As Tanzania celebrated its 60 years of independence on 9th December 2021, the East African Community (EAC) has hailed the country for its extensive contribution towards deepening regional integration...
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Kenya-Tanzania Trade Relations Get Boost
Kenya’s President Uhuru Muigai Kenyatta conducted a two-day state visit to Tanzania on 9-10th December 2021 for the celebration of the country’s 60 years of independence. He was received by the...
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Arab Development Bank to Lend Tanzania USD 3B for Development Projects
The Arab Development Bank (BADEA) has pledged to provide Tanzania with affordable loans and grant for a total of USD 3 billion or about TZS 7 trillion over the next five years for the implementation...
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Tanzania Goods Exports Up +10% In YE October 2021, Tourism Up Too
The Bank of Tanzania (BOT) Monthly Economic Review-November 2021 indicates that exports of goods increased by almost +10.4% to USD 6,750.8 million in the year ending October 2021, with non-traditional...
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FDI to Tanzania Hit Record With USD 4.1 B in 2021, Government Says
The Permanent Secretary in the Prime Minister’s Office (PMO) for Investment, Prof. Godius Kahyarara, has recently disclosed that the total value of foreign investments in Tanzania in the period...
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Tanzania President Samia End of Year Speech Summary: 2022 Year of Economic...
On 31st December 2021, the President of Tanzania H.E. Samia Suluhu Hassan addressed the nation with a televised message (also aired on Youtube) in which she highlighted the achievement of 2021 and her...
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Tanzania Exports Up +13% In YE November 2021, Tourism Income Up +48%
The Bank of Tanzania (BOT) Monthly Economic Review-December 2021 indicates that in the year ending November 2021 exports of goods and services amounted to USD 9,789.9 million, higher than USD 8,614.6...
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