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Channel: Economy of Tanzania in 2023 and 2024- March 2024 Update
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Tanzania to Strengthen Bilateral Relations with Qatar

Tanzania intends to open an embassy in Qatar, aiming at strengthening relations with the Gulf’s country. The plan of the current Tanzanian Government is to strengthen cooperation with Qatar in natural...

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Tanzania Export Increase by 8.7% in Year Ending March 2016

The Bank of Tanzania (BOT) Monthly Economic Review–April 2016 recently published shows that the value of export of goods and services in the year ending March 2016 increased by +8.7%. Overall exports...

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Dar Es Salaam To Host Tanzania International Forum For Investments on 12-14...

The Tanzania International Forum For Investments (TIFI 2016) will take place at the Julius Nyerere International Convention Centre in Dar es Salaam, on 12-14 July 2016. TIFI 2016 will showcase specific...

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Tanzania Sign MoU with Canada for Capacity Building

The Tanzania Private Sector Foundation (TPSF) signed a 5–year Partnership Action Plan (PAP) for capacity building with the Canadian Executive Service Organization (CESO), on 17th June 2016. The PAP...

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Tanzania Private Equity Investment on the Rise

Tanzania is expected to continue attracting private equity investments thanks to industry growth and increased competition for deals. This was indicated in the recently published 2016 Africa Private...

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Tanzania and Rwanda to Strengthen Bilateral Trade

Tanzania and Rwanda committed to strengthening bilateral trade during the visit of the Rwandan President Paul Kagame to Tanzania on July 1st 2016. Tanzania’s President Magufuli explained that the...

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Paul Kagame to Open First African Investment Summit in September 2016

The Global African Investment Summit (TGAIS) that will be held in Kigali, Rwanda on 5th–6th September 2016, has released its confirmed program. According to it, Rwanda’s President H.E. Paul Kagame will...

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Tanzania Annual Inflation Remain Relatively Stable at 5.5% in June 2016

The National Bureau of Statistics of Tanzania (NBS) indicates that the Annual Headline Inflation Rate remained relatively stable at 5.5% in June 2016 compared to 5.2% in May 2016. Ephaim Kwesigabo, the...

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Tanzania and Comoros to Strengthen Bilateral Relations and Resume Flight...

Tanzania and the Comoros will continue strengthening bilateral relations with focus on business, health and education. The assurance was given by both countries’ leaders during a recent visit of the...

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India Lend USD92m to Tanzania for Water Projects

India signed a line of credit of USD92m for the improvement of water supply in Zanzibar. The agreement was signed during the visit of the Indian Prime Minister Narendra Modi to Tanzania on July 10th...

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UN to Invest USD1.3b in Tanzania Sustainable Development

The United Nations (UN) will allocate USD1.3b to Tanzania to support its national development goals. This was indicated in the recently launched UN Development Assistance Plan 2016–2021 (UNDAP II) for...

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China Delegation Explores Investment in Manufacturing in Tanzania

A Chinese business delegation recently visited Tanzania’s Export Processing Zones Authority (EPZA) to explore investment opportunities. During the visit, EPZA presented the investment opportunities...

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Tanzania Export Increase by 8.5% in April 2016 Thanks to Tourism and...

The recently published Bank of Tanzania (BOT) Monthly Economic Review–May 2016 shows that the value of export of goods and services in the year ending April 2016 increased by +8.5%. Overall exports...

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TIC Sign MoU with TanzaniaInvest.com for FDI Promotion and Become Official...

The Tanzania Investment Centre (TIC) has signed on July 18th, 2016, a Memorandum of Understanding (MoU) with www.TanzaniaInvest.com to cooperate in promoting Foreign Direct Investments (FDI) into...

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Tanzania Government Headquarter to Move to Dodoma

Tanzania’s President John Magufuli announced on July 23rd 2016 that he will ensure the Government headquarters move to Dodoma over the next 5 years. On July 25th 2016, the Tanzanian Prime Minister...

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Interview with Clifford Tandari Chief Executive of The Tanzania Investment...

TanzaniaInvest had the pleasure of interviewing Clifford Tandari, Chief Executive of the Tanzania Investment Centre (TIC), the primary agency of the Government to coordinate, encourage, promote and...

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Tanzania Macroeconomic Performances Remain Strong, IMF Indicate

The fourth review of the International Monetary Fund (IMF) program in Tanzania concluded that the country’s macroeconomic performances remain strong. The conclusion was made by the Executive Board of...

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AfDB to Support Tanzania Housing and Agriculture in 2017

The African Development Bank (AfDB) will focus on funding the construction of residential houses, development of agriculture and other economically viable areas in Tanzania during 2017. This was...

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USAID to Invest USD407m in Tanzania in 2016

The US Government, through the US Agency for International Development (USAID), will invest USD407m in Tanzania in 2016. The funding will be disbursed to various sectors in Tanzania, including health,...

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Tanzania Exports Increase by 9.4% in Year Ending May 2016

The Bank of Tanzania (BOT) Monthly Economic Review for June 2016 shows that the value of export of goods and services in the year ending May 2016 increased by +9.4%. Overall exports reached...

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