Tanzania to Experience Strong Economic Growth in 2022 and 2023, AfDB Projects

Posted on :Friday , 19th November 2021

The African Development Bank (AfDB) has recently released its East Africa Economic Outlook 2021 report, estimating that Tanzania’s GDP will grow by 2.8 per cent in year 2021, and projecting a strong rebound for year 2022 and 2023 with 4.9 per cent and 6.3 per cent economic growth respectively.

The report reviews the economic performance of the 13 countries . . .

Kurasini Industrial, Logistics Park Project Up For Grabs

Posted on :Friday , 3rd September 2021

The government has finally floated a tender calling for competent strategic investors to develop the Kurasini Industrial, Trade and Logistics Park project on a standard lease arrangement.

"The authority now invites eligible local and international real estate developers or consortia to submit their expression of interest to develop the project," said Export Processing Zone Au. . .

Tanzania: Govt Banks On Manufacturing Sector, Trade to Boost Economy

Posted on :Friday , 30th July 2021

THE government of Tanzania is improving the manufacturing sector and trade to boost the economy and make the country develop.

German International Development Cooperation (GIZ) has supported a desk study to identify what the manufacturing sector needs to grow and uplift the livelihoods of Tanzanians.

GIZ funds this initiative through the Confederation of Ta. . .

Tanzania And Kenya To Re-Ignite Trade And Economic Cooperation

Posted on :Tuesday , 25th May 2021

Hon. Samia Suluhu Hassan has just completed a 2 day official visit to Kenya where she met her Kenyan counterpart President Uhuru Kenyatta with the aim to unlock trade and build up economic relations.

President Samia Suluhu Hassan addressed the Kenyan parliament, where she pledged to develop co-operative projects including road construction, the construction of a 400 kW power . . .

Tanzania Economy to Grow by 6% in 2021, Central Bank Say

Posted on :Monday , 3rd May 2021

In its latest Monetary Policy Statement, Mid-Year Review, of February 2021 the Bank of Tanzania projects that the country’s real GDP will grow by 5.5 % in 2020 and by 6.0 % in 2021.

The positive outlook is driven by expected value added in agriculture due to enough rains, public investment, increase in export earnings from mining contributed by high world m. . .