Private sector key to Devt Plan success: Tanzania

About 48tri/- will be needed from the private sector to facilitate construction of major infrastructure development projects in the ...

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Tourism, gold top forex earnings in Tanzania

Tourism industry and gold exports continue to be the largest foreign exchange earner contributing to the substantial narrowing of the cu...

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Tanzania: credit to economic activities shrink

Lending to major economic activities has declined sending a negative signal of decreased or no new investments registered in the economy...

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Tanzania's cotton yield likely to fall in 2016

Cotton production is likely to fall in this farming season due to excessive rains that pounded the crop producing areas, hindering farme...

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Tanzania's erratic power hurts manufacturing sector

Manufacturing sector growth slowed in the third quarter of 2015 pulled down by erratic power supply that hit the country from mid last y...

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Tanzania: BoT records remarkable profit increase

Bank of Tanzania (BoT) net profit leaped by over 180 per cent last year thanks to unrealised foreign exchange revaluation gain. The Centra...

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Tanzania's Prof Ndulu to chair financial inclusion body

The Bank of Tanzania (BoT), Governor Prof, Benno Ndulu (pictured), has been appointed as the new chairman of the Alliance for Financial ...

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Tanzania's social security registers robust growth

Social security sector has continued to register outstanding growth in terms of contributions and assets amid declining Return on Assets. ...

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Tanzania: First two-year treasury bonds undersubscribed

The first two-year treasury bonds maturities auctioned this year have been received on a low note by investors resulting into under subs...

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Tanzania on track to liberalise capital account

Full capital account liberalisation has been delayed until Foreign Exchange Regulations of 2015 are endorsed by the Bank of Tanzania (BoT...

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Tanzania: Tanesco not listed yet at DSE

Energy and Minerals Minister Sospeter Muhongo (pictured) has refuted reports published in some media outlets that the Tanzania National ...

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Tanzania: Households’ disposable income up

Households' access to formal financing has increased with the ratio of debt to disposable income jumping to 69.8 per cent during the...

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Tanzania: Footwear firm to invest in soles production

Kiu Leather Products manufacturers, a small-scale enterprise, is set to invest over 1.2bn/- in shoe soles production in Dar es Salaam. The...

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Zanzibar current account deficit widens

Decline of exports and increased imports contributed largely to the widening of the Zanzibar current account to a deficit of 181.1 mill...

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Tanzania: PIC restructuring finalised

The government is finalising the process of transforming the Petroleum Importation Coordinator into an agency, Petroleum Bulk Procuremen...

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Tanzania set for Fed rate hike shocks

Tanzania is prepared to meet the challenges of expected capital outflow and higher borrowing cost after the US Federal Reserve raised in...

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Tanzania launches e-system for mining licence

The Ministry of Energy and Minerals has launched the Online Mining Cadastre Transactional Portal (OMCTP) to provide an electronic platfo...

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Tanzania's ‘community banks potential underutilised’

Community banks (CBs) are champions of financial inclusion globally but their services in the country are grossly underutilised, accordi...

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Tanzania: Analysts endorse ‘Magunomics’

President John Magufuli’s cost cutting measures and ‘boils squeezing’ economics, for which the term ‘Magunomics’ has been coined, is set...

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Mwadui’s rare pink diamond fetches $10million

Williamson mine’s exceptional 23.16 carat pink diamond mined last month has fetched astronomical 10.05 million US dollars for the rough ...

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