Tanzania and EU Reaffirm Strategic Partnership in 2024 Dialogue
The 2024 Partnership Dialogue between the European Union and Tanzania highlighted their long-standing collaboration in governance, trade, security, and regional integration. The dialogue reaffirmed...
View ArticleTanzania Launches Investment Facilitation Platform in Hunan, China to Secure...
The Tanzania Investment Centre has established an investment facilitation platform in Hunan Province, China, to secure US$ 3 billion in Chinese investments. The initiative follows Chinese President Xi...
View ArticleWorld Bank Pledges US$ 300 Million for TASAF Phase III to Alleviate Poverty...
The World Bank has pledged US$ 300 million to support Phase III of Tanzania’s Social Action Fund (TASAF). The initiative focuses on poverty alleviation by providing conditional cash transfers,...
View ArticleWorld Bank Report Highlights Climate Risks and US$ 19 Billion Funding Needs...
The World Bank has released its Climate and Development Report for Tanzania, emphasizing US$ 19 billion funding needs to meet climate goals by 2030. The report warns of significant risks to GDP and...
View ArticleTanzania Exports YE October 2024: Growth in Gold, Tobacco, Cashews,...
The Bank of Tanzania (BOT) released its Monthly Economic Review-November 2024 which covers key macroeconomic indicators for the…
View ArticleWorld Bank Provides US$ 104 Million to Tanzania for Gender Equality through...
The World Bank has partnered with the Government of Tanzania to provide US$ 104 million for the PAMOJA project, which focuses on enhancing economic opportunities for women, addressing gender-based...
View ArticleIMF Approves US$ 204.5 Million for Tanzania Following Economic Reforms and...
The IMF Executive Board completed the fourth review under Tanzania’s Extended Credit Facility (ECF) arrangement and the first review under the Resilience and Sustainability Facility (RSF), approving...
View ArticleTanzania and Oman Sign Double Taxation Agreement
Tanzania and Oman have signed a treaty to eliminate double taxation and prevent tax evasion, reducing tax burdens and fostering bilateral trade. The agreement aims to attract investments from Oman into...
View ArticleTanzania-Saudi Arabia Investment Forum Draws 70 Investors, Leading to...
The Tanzania-Saudi Arabia Investment Forum, held from December 17 to 21, 2024, in Riyadh, brought together 70 investors and resulted in agreements to explore partnerships in agriculture, energy,...
View ArticleTanzania Makes First Shipment of Honey to China
Tanzania has shipped 10 metric tons of honey to China for the first time, following an August 2023 trade agreement granting market access. The shipment highlights Tanzania’s growing honey industry...
View ArticleTanzania’s Annual Inflation Stayed at 3.0% in November 2024
Tanzania's annual headline inflation rate remained at 3.0% in November 2024, unchanged from October 2024, while the monthly inflation rate rose due to price increases in key items. Food items such as...
View ArticleTanzania Breaks Investment Records in 2024 with US$ 7.7 Billion in Projects
The Tanzania Investment Centre (TIC) announced that it registered 842 projects worth US$ 7.7 billion in 2024, achieving 88.2% of its target of 1,000 projects. This marks the highest investment value...
View ArticleTanzania-Japan Business and Investment Forum: Dar es Salaam, 14th January 2025
The Tanzania Investment Centre (TIC), in collaboration with the Tanzania Embassy in Japan and the Embassy of Japan…
View ArticleTanzania Exports YE November 2024: Growth in Gold, Horticulture, Tourism, and...
According to the Bank of Tanzania's Monthly Economic Review for December 2024, Tanzania's exports grew to USD 15.87 billion in the year ending November 2024, driven by gold, horticulture, and tourism,...
View ArticleTanzania Targets US$ 15 Billion in Investments for 2025, Focusing on...
Tanzania aims to attract US$ 15 billion in investments in 2025, prioritizing manufacturing, clean energy, transport, minerals, agriculture, and services. The government plans key reforms, including...
View ArticleFitch Affirms Tanzania’s ‘B+’ Rating Citing Strong GDP Growth, Low Inflation,...
In December 2024, Fitch Ratings has affirmed Tanzania’s Long-Term Foreign-Currency IDR at ‘B+’ with a Stable Outlook, highlighting strong economic growth, low inflation, and fiscal reforms under an IMF...
View ArticleBank of Tanzania Keeps Policy Rate at 6% for Q3 2024; Domestic Economy on...
The Bank of Tanzania’s Monetary Policy Committee has decided to keep the Central Bank Rate (CBR) at 6% for the first quarter of 2025. Governor Emmanuel Tutuba highlighted that the move aims to maintain...
View ArticleTanzania’s Annual Inflation Hits Record Low of 3.1% in 2024, the Lowest Ever
Tanzania's annual inflation rate decreased to 3.1% in 2024 from 3.8% in 2023. This was driven by a drop in food inflation to 2.1% in 2024 from 6.8% in 2023, following government efforts to boost food...
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