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Tanzania Annual Inflation Decrease to 4.9% in August 2016
The National Bureau of Statistics of Tanzania (NBS) indicates that the Annual Headline Inflation Rate decreased to 4.9% in August 2016 compared to 5.1% in July 2016. Food and Non-Alcoholic Beverages...
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Tanzania Entrepreneurship and Competitiveness Centre Officially Launched
Tanzania officially launched the Tanzania Entrepreneurship and Competitiveness Centre (TECC) to promote entrepreneurial innovation and competitiveness in the country. TECC aims to promote...
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Tanzania Tax Identification Number (TIN) Verification: Alert by EY Tanzania
The Tanzania Revenue Authority (TRA) has recently introduced the requirement for all taxpayers registered with the Authority to immediately verify their Tax Identification Numbers (TIN). The measure is...
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TIC Plan to Attract USD5b FDI to Tanzania by 2020
The Tanzania Investment Centre (TIC) plans to attract USD5b Foreign Direct Investments (FDI) to the country by 2020 to boost its economic growth. The announcement was made by Clifford Tandari, Chief...
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Digital Payments Could Increase Tanzania Tax Revenue by USD477m per Year
Digitization of payments could increase Tanzania’s annual tax revenue by at least USD477m per annum, improving the country’s tax to GDP ratio, currently at 12%. This was indicated in a recent case...
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FT Mozambique Summit on Growth: Maputo, 2nd November 2016
The Financial Times (FT) will hold the Mozambique Summit on accelerating growth and stability in the country, at the Polana Serena Hotel in Maputo on 2nd November 2016. The FT event will gather...
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Tanzania GDP 2016: 5.5% Growth in Q1 and 7.2% Annual Forecast
In the first quarter of 2016, Tanzania’s GDP grew at a rate of 5.5%, reaching TZS11.8tn, compared to TZS11.1tn in Q1 2015, Tanzania’s National Bureau of Statistics (NBS) reports. Meanwhile, the Bank of...
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Tanzania 10th FDI Destination in Africa by Project Numbers
In 2015, Tanzania increased its FDI project numbers by 25% to 20, ranking 10th place in Africa. The findings are included in the latest Africa Investment Report 2016 of the Financial Times (FT). The...
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Tanzania GDP Record 7.9% Growth in Q2 2016
Tanzania’s GDP grew at a rate of 7.9% in Q2 2016 reaching TZS11.7tn at constant prices, compared to TZS10.9tn in Q2 2015 with a growth rate of 5.8%. The results were included in a report recently...
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Tanzania Exports Increase by 7.5% in Year Ending July 2016
The Bank of Tanzania (BOT) Monthly Economic Review for August 2016 shows that the value of export of goods and services in the year ending July 2016, increased by +7.5%. Overall exports reached...
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Tanzania Annual Inflation Decrease to 4.5% in September 2016
The National Bureau of Statistics of Tanzania (NBS) indicates that the Annual Headline Inflation Rate decreased to 4.5% in September 2016, from 4.9% in August 2016. Food and Non-Alcoholic Beverages...
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Tanzania and Cuba to Strengthen Bilateral Relations
Tanzania and Cuba commit to strengthening bilateral relations with focus on economic benefits and mutual cooperation. The announcement was made on October 3rd 2016 by President John Magufuli during a...
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TEDGlobal 2017 to be Held in Arusha, Tanzania
The 2017 TEDGlobal Conference on exploring ideas, innovation and creativity, will take place in Arusha, Tanzania on August 27th–30th 2017. The conference will gather technologists and entrepreneurs,...
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EU Committed to Stronger Relations with Tanzania
The European Union (EU) is committed to continue working with Tanzania and to strengthen its relations with the country. The statement was made by Roeland van de Geer, Head of the Delegation of the EU...
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UAE to Strengthen Bilateral Relations with Tanzania
The United Arab Emirates (UAE) will strengthen its relations with Tanzania through the implementation of development projects in the country. The announcement was made by Mohammed Al Suwaidi, Director...
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Morocco and Tanzania Sign MoUs for Economic Development
Morocco and Tanzania signed 21 Memorandums of Understanding (MoUs) for economic development in key sectors such as energy, mining, gas, aviation, agriculture, and tourism. The MoUs were signed in Dar...
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Tanzania and Kenya to Cooperate in Infrastructure Development
Tanzania and Kenya have agreed to cooperate for infrastructure development to benefit the economies of both countries. The agreement was made during Tanzania’s President Magufuli meeting with Kenya’s...
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Tanzania to Allocate TZS13tn to Development Projects in 2017–2018 Draft Budget
The Government of Tanzania plans to allocate about TZS13tn to key development projects, in the 2017–2018 fiscal year. This was indicated in the 2017–2018 budget plan, which was tabled in Parliament by...
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Tanzania Investment Forum: November 16th 2016, Dar es Salaam
The Tanzania Investment Forum 2016, focused on economic growth and investment opportunities in Tanzania, will be held at the Julius Nyerere International Convention Centre (JNICC) in Dar es Salaam on...
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Tanzania Up 12 Positions in WB Ease of Doing Business Ranking
Tanzania moved 12 positions up, from 144 in 2016 to 132 in 2017, in the latest World Bank (WB) Ease of Doing Business report issued in October 2016. The WB measures the regulations of 190 countries...
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