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Tanzania Face Downside Macroeconomic Risks, IMF Warn

The fifth review of the International Monetary Fund (IMF) program in Tanzania indicates that the country faces downside macroeconomic risks that could adversely affect its economic growth. These risks...

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Tanzania GDP Growth Slows to 6.2% in Q3 2016

Tanzania’s GDP grew at a rate of 6.2% in Q3 2016 reaching TZS11.6tn at constant prices, compared to TZS10.8tn and a growth rate of 7.3% in Q3 2015. The results were included in a report recently issued...

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Tanzania Exports Increase by 6.5% in Year Ending November 2016

The Bank of Tanzania (BOT) Monthly Economic Review for December 2016 shows that the value of export of goods and services in the year ending November 2016, increased by +6.5%. Overall exports reached...

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Tanzania Annual Inflation Slightly Increase to 5.2% in January 2017

The National Bureau of Statistics of Tanzania (NBS) indicates that the Annual Headline Inflation Rate slightly increased to 5.2% in January 2017, from 5% in December 2016. The NBS notes that the...

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UK to Support Tanzania in Job Creation and Trade

The United Kingdom (UK) will continue to support Tanzania’s economic development to provide a long-term solution to poverty, enhance job creation and trade in the country. The announcement was made by...

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Tanzania Exports Increase by 5.2% in Year Ending December 2016 Thanks to Tourism

The Bank of Tanzania (BOT) Monthly Economic Review for January 2017 shows that the value of export of goods and services in the year ending December 2016, increased by +5.2%. Overall exports reached...

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Tanzania Annual Inflation Increase to 5.5% in February 2017

The National Bureau of Statistics of Tanzania (NBS) indicates that the Annual Headline Inflation Rate slightly increased to 5.5% in February 2017, from 5.2% in January 2017. The NBS notes that The...

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Ethiopia to Cooperate With Tanzania on Aviation Agriculture and Energy

The Prime Minister of the Ethiopia Hon. Hailemariam Desalegn Boshe has recently assured the President of Tanzania, Hon. Dr. John Magufuli that his country is ready to strengthen and further promote...

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Hungary to Support Tanzania Industry

The newly appointed Hungarian Ambassador to Tanzania Hon. Eduard Laszlo Mathe has assured President Magufuli that his country is ready to cooperate with Tanzania in developing its industrial sector....

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EU to Support Tanzanian Budget with EUR 205 Million

Mr Doto James, Permanent Secretary of the Ministry of Finance and Planning, and H.E. Roeland van de Geer, Head of the European Union Delegation to Tanzania and the East African Community, signed on 3rd...

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Morocco Sign MOU with Tananzania Investment Centre

The Moroccan Center for Export Promotion (Maroc Export) and the Tanzania Investment Center (TIC) signed a Memorandum of Understanding for Cooperation during the 2nd Edition of African Business Connect,...

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Tanzania Annual Inflation Further Increase to 6.4% in March 2017

The National Bureau of Statistics of Tanzania (NBS) indicates that the Annual Headline Inflation Rate increased 6.4% in March 2017, from to 5.5% in February 2017. The NBS explains that the speed of...

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Tanzania Economy Resilient but Government Spending and Right Policies are...

The World Bank (WB) published the ninth edition of its Tanzania Economic Update in April 2017, showing a strong and resilient economy, which however may be affected by wrong policies. Under the State...

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IMF Tanzania Economy Review: GDP Growth Strong, Budget Spending Needed

A team from the International Monetary Fund (IMF) visited Tanzania on 3rd-13th April 2017 and held discussions with the authorities on how to address the macroeconomic challenges that the mission has...

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EAC Common Market Protocol Review: Investors Blocked From Vodacom IPO

The USAID East Africa Trade and Investment Hub has recently published, in collaboration with the Tanzania Private Sector Foundation (TPSF), its East African Community (EAC) Common Market Update. The...

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Tanzania GDP Growth Among Strongest in Africa: WB Forecast

The Word Bank (WB) recently published its fifteenth edition of the Africa’s Pulse, a biannual analysis of African economies, stressing the resilience of Tanzania’s economic growth.  Overall, the...

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Tanzanian Exports Grew 2.1% in February 2017 Thanks to Tourism and Gold

The Bank of Tanzania (BOT) published its Monthly Economic Review of March 2017, showing that the annual export value of Tanzanian goods and services amounted to USD 9,174.4 million in the year ending...

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Tanzania Annual Inflation Stagnate at 6.4% in April 2017

The National Bureau of Statistics of Tanzania (NBS) indicates that the Annual Headline Inflation Rate stagnated at 6.4% in April 2017, as it was recorded in March 2017. The NBS explains that the speed...

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President Magufuli Reiterate Support to Tanzania Private Sector But Tax...

The President of Tanzania, Hon. Dr. John Magufuli hosted on 6th May 2017 the National Business Council (TNBC) – a forum for public and private sector dialogue – at the White House in Dar es Salaam....

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New Executive Director Of Tanzania Investment Centre Appointed

Tanzania’s President Hon. Dr. John Magufuli has appointed Mr. Geoffrey Idelphonce Mwambe as Executive Director of the Tanzania Investment Centre (TIC), with immediate effect. Before his appointment,...

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