Tanzania Exports Up by 20% in YE March 2022, Tourist Arrivals Almost Doubled

Posted on :Monday , 30th May 2022

The Bank of Tanzania Monthly Economic Review-April 2022 reveals that the country’s exports of goods and services increased to US$ 10,214.6 million during the year ending March 2022.  

This is +20.14% higher than US$ 8,502.1 million in a similar period in 2021.

Improvement in exports was noted in both traditional and non-traditional e. . .

Global Wholesale E-commerce Platform Launches in Tanzania

Posted on :Monday , 25th April 2022

UAE logistics company DP World recently announced the launch of its wholesale e-commerce platform Dubuy.com in Tanzania.

The online marketplace will give Tanzanian businesses access to international markets and provide a secure and reliable supply chain through DP World’s worldwide ports and logistics network, the company explains.  

Tanzania, US Sign Investment Agreements Worth Sh11.7 Trillion

Posted on :Monday , 25th April 2022

Tanzania and the US have on April 22, signed 7 agreements for business projects which are set to be implemented in Tanzania by investors and companies from the United States of America.

The signing of the agreement was witnessed by President Samia Suluhu Hassan who is in the United States for a 2 week official trip.

According to a statement issued by the di. . .

Uganda, Tanzania to Become Oil Economies

Posted on :Monday , 21st March 2022

Tanzania and Uganda are gearing up to become the region's oil economies with the latter signing a mega oil pipeline deal to transport Uganda's oil to its port of Dar es Salaam.

The East African Community (EAC) is one of the fastest-growing economic blocs in the World. The pre-Covid-19 period saw the Economic Commission for Africa note that East Africa was actually the fastest. . .

Tanzania to Receive EUR 425 million from the European Commission

Posted on :Monday , 21st March 2022

On 18th February 2022, the President of the European Commission (EC) Hon. Ursula Von der Leyen met with Tanzania’s President Hon. Samia Suluhu Hassan on her visit to Belgium.  

After the meeting, Von der Leyen has announced the EC’s support to Tanzania with EUR 425 million to fund various development projects in the country over the . . .