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Tanzania Sees Major Cabinet Reshuffle and Creation of New Ministry of...
On 7th January January 2022, President Suluhu announced major changes to her cabinet and the formation of a new Ministry of Investment, Industry, and Trade. -The Ministry of Investment, previously...
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Tanzania GDP to Grow by +5.4% and 5.9% in 2022 and 2023, WB Forecasts
The World Bank (WB) has recently released its Global Economic Prospects report of January 2022, which stresses that global recovery is set to decelerate markedly amid continued Cvoid-19 flare-ups, and...
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Tanzania Inflation Rate Increases to 3.7% in 2021
The National Bureau of Statistics of Tanzania (NBS) reveals that the annual headline inflation rate for 2021 (January to December) was 3.7% versus 3.3% in 2020. The increase is mainly attributed to an...
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Tanzania GDP Up +4.9% in Q1-Q2-Q3 and Credit Up +10% in December 2021
The Monetary Policy Committee (MPC) of the Bank of Tanzania (BOT) held its 218th ordinary meeting on 31st January 2022, to review the conduct of monetary policy and recent economic developments. The...
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Tanzania Annual Inflation Down to 4% in January 2022
The National Bureau of Statistics of Tanzania (NBS) reveals that the Annual Headline Inflation Rate for the month of January 2022 has decreased to 4.0% from 4.2% that was recorded in December 2021....
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Tanzania To Receive EUR 425 million from the European Commission
On 18th February 2022, the President of the European Commission (EC) Hon. Ursula Von der Leyen met with Tanzania’s President Hon. Samia Suluhu Hassan on her visit to Belgium. After the meeting, Von...
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Tanzanian Economy to Expand by +5.2% in 2022 With Tourism and Mining on...
The Bank of Tanzania (BoT) recently released its Economic Bulletin For The Quarter Ending December 2021, in which it projects that in 2022, GDP growth will reach 5.2%. The central bank explains that...
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Tanzania Exports Up by +15% in 2021, Tourism Arrivals Up by +48%
Tanzania’s exports of goods and services increased to USD 9,818.6 million in the year ending December 2021, from USD 8,555.5 million in the corresponding period in 2020, showing a year-on-year...
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UAE To Invest USD 7 Bln in Tanzania Over The Next 4 Years
On 26th February 2022, Tanzanian President Samia Suluhu Hassan met with Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the United Arab Emirates (UAE) and Ruler of Dubai....
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WB Tanzania Economic Update: GDP To Grow by 4.5-5.5% in 2022 as Exports and...
The World Bank (WB) has recently released its 17th Tanzania Economic Update (TEU), a biannual report describing the recent evolution of Tanzania’s economy, and each edition highlights a subject of...
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Tanzania Annual Inflation Down to 3.7% in February 2022
The National Bureau of Statistics of Tanzania (NBS) reveals that the Annual Headline Inflation Rate for the month of February 2022 has decreased to 3.7% from 4% that was recorded in January 20212 The...
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Most Tanzanians Say Level of Corruption Has Decreased – Afrobarometer Survey
Tanzania’s Research on Poverty Alleviation Programme (REPOA) has recently shared the findings from the Afrobarometer Round 8 Survey “Citizens’ perceptions on the state of corruption in Tanzania” which...
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Tanzanian Parliament Approves USD 567 Mln Additional Government Budget for...
The Parliament of Tanzania has approved that the Government increases its national budget for the financial year 2021/22 by more than TZS 1.3 trillion, from TZS 36.66 trillion up to TZS 37.98...
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Tanzania Traditional Exports Up By +62% in January 2022, Tourism Steadily...
The Bank of Tanzania (BOT) Monthly Economic Review-February 2022 indicates that on a monthly basis, traditional exports rose to USD 77.8 million from USD 48 million in January 2021. In the same month,...
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Tanzania Electronic Investment Window Ready By July 2022, Ministry Says
The permanent secretary of the Ministry of Investment, Industry, and Trade, Godius Kahyarara, recently told the media that the Tanzania Electronic Investment Window (TeIW) will become fully...
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EU Global Gateway to Support Tanzania Green Cities, Gender Equality, and...
On 22nd March 2022, the Permanent Secretary of the Ministry of Finance and Planning of Tanzania, Mr. Emmanuel Tutuba, and the Ambassador of the European Union (EU) to Tanzania, H.E. Manfredo Fanti,...
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Democratic Republic of the Congo Joins EAC
On 29th March 2022, the Democratic Republic of the Congo (DRC) has officially joined the East African Community (EAC) becoming its 7th Partner State, after Tanzania, Burundi, Kenya, Rwanda, Uganda,...
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Tanzania Tax Collection Reaches Record During First 3 Quarters of FY 2021/22
The Tanzania Revenue Authority (TRA) informed the public that during the three quarters from July 2021 to March 2022 of the financial year 2021/22, it has collected TZS 16.69 Trillion equivalent to...
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Global Wholesale E-commerce Platform Launches in Tanzania
UAE logistics company DP World recently announced the launch of its wholesale e-commerce platform Dubuy.com in Tanzania. The online marketplace will give Tanzanian businesses access to international...
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Tanzania Annual Inflation Down to 3.6% in March 2022
The National Bureau of Statistics of Tanzania (NBS) reveals that the Annual Headline Inflation Rate for the month of March 2022 has decreased to 3.6% from 3.7% in February 2022. The overall index went...
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