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President Magufuli 2016 Speech on Economy and Other Issues
Tanzania’s President John Magufuli addressed the nation on November 4th, 2016 to explain the results of his Government’s efforts after one year in power. During a Q & A open session with reporters...
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AfDB Approve USD25m for Lake Victoria GSM Network
The African Development Bank (AfDB) recently approved a USD25m loan for the establishment of communication systems and rescue centers along Lake Victoria to improve maritime safety. The loan will...
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Tanzania Macroeconomic Performances Remain Strong, IMF Indicate
The fifth 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 IMF staff after their...
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Tanzania Exports Increase by 10.3% in Year Ending August 2016
The Bank of Tanzania (BOT) Monthly Economic Review for September 2016 shows that the value of export of goods and services in the year ending August 2016, increased by +10.3%. Overall exports reached...
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Tanzania and Israel Strengthen Bilateral Relations
The Embassy of Israel in Nairobi opened a visa handling center in Dar es Salaam to strengthen bilateral relations with Tanzania. The official inauguration ceremony was held at the Hyatt Regency Hotel...
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Tanzania Annual Inflation Remain Stable at 4.5% in October 2016
The National Bureau of Statistics of Tanzania (NBS) indicates that the Annual Headline Inflation Rate remained unchanged at 4.5% in October 2016 as in September 2016. Food and Non-Alcoholic Beverages...
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Tanzania Exports Increase by 7.1% in Year Ending September 2016
The Bank of Tanzania (BOT) Monthly Economic Review for October 2016 shows that the value of export of goods and services in the year ending September 2016, increased by +7.1%. Overall exports reached...
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Tanzania to Benefit from USD194m EAC-US Grant Agreement
The US will grant USD194m to the East African Community (EAC) to improve regional integration in the EAC member states, which include Tanzania, Burundi, Kenya, Rwanda, Uganda, and South Sudan. The...
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Tanzania Inflation Projected to Remain at 5% in H1 2017
Tanzania’s inflation rate is projected to remain stable at 5% throughout H1 2017 and to remain constant in the medium term. This is indicated in the Guidelines for the Preparation of Plans and Budget...
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Tanzania and Zambia to Strengthen Trade and Investment Relations
Tanzania and Zambia have agreed to cooperate for stronger trade and investment relations to benefit the economies of both countries. The assurance was given by both countries’ leaders during a recent...
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AfDB Lend USD120m to Tanzania to Support Infrastructure and SMEs
The African Development Bank (AfDB) approved a USD120m Line of Credit (LOC) to Tanzania to finance infrastructure and Small and Medium Enterprise (SME) projects. The LOC is allocated to CRDB, the...
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Interview with Bhaswar Mukhopadhyay, Resident Representative of IMF in Tanzania
TanzaniaInvest had the pleasure of interviewing Bhaswar Mukhopadhyay, Resident Representative of the International Monetary Fund (IMF) in Tanzania. Mukhopadhyay talks about Tanzania’s progress in terms...
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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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Tanzania Annual Inflation Slightly Increase to 4.8% in November 2016
The National Bureau of Statistics of Tanzania (NBS) indicates that the Annual Headline Inflation Rate slightly increased to 4.8% in November 2016, from 4.5% in October 2016. Food and Non-Alcoholic...
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Tanzania GDP Forecast: 8.2% Average Growth by 2020
Tanzania’s annual average GDP growth is forecasted to increase to 8.2% in 2020 thanks to improvements in power supply and development projects. This is indicated in the Guidelines for the Preparation...
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Tanzania Identify Key Development Projects for 2017–2018
Tanzania has identified key development projects for the fiscal year 2017–2018, which are deemed critical as their implementation has significant multiplier effects to the economy. This is indicated in...
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Tanzania Average Headline Inflation Decrease to 4.8% in Q3 2016
The Bank of Tanzania (BOT) Quarterly Economic Bulletin for September 2016 shows that Tanzania’s average headline inflation decreased to 4.8% in Q3 2016 from 5.3% in Q2 2016 and 6.3% in Q3 2015....
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Tanzania Exports Increase by 7.5% in Year Ending October 2016
The Bank of Tanzania (BOT) Monthly Economic Review for November 2016 shows that the value of export of goods and services in the year ending October 2016, increased by +7.5%. Overall exports reached...
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Tanzania External Debt Increase by USD7.8m in October 2016
Tanzania’s external debt stock increased by USD7.8m in October 2016, reaching USD16,407.6m from USD16,399.9m in September 2016. This was indicated in the Bank of Tanzania (BOT) Monthly Economic Review...
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Tanzania Annual Inflation Slightly Increase to 5% in December 2016
The National Bureau of Statistics of Tanzania (NBS) indicates that the Annual Headline Inflation Rate slightly increased to 5% in December 2016, from 4.8% in November 2016. The NBS notes that the...
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