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 market prices . . .

800 Chinese Companies Ready to Invest in Tanzania

Posted on :Monday , 3rd May 2021

On 21st April 2021, the President of Tanzania, Hon. Samia Suluhu Hassan met with the leaders of the Chinese Chamber of Commerce in the country to discuss the various issues pertaining to trade and investment.  

The Chinese leaders led by Mr. Janson Huang guaranteed President Suluhu that they are ready to cooperate with the 6th Phase Government in economic growth and upli. . .

Tanzania Gold and Minerals Exports Go up In January 2021

Posted on :Thursday , 1st April 2021

The Bank of Tanzania released its Monthly Economic Review – Feb 2021, indicating that the total exports of goods and services amounted to US$ 8,741.8 million in year ending January 2021, representing a slight decrease from US$ 9,835.5 million recorded in the corresponding period in 2020.

Traditional exports amounted to US$ 705.4 million from US$ 959.7 million, accountin. . .

Tanzania Sign USD 1.3b SGR Railway Construction Agreement with China

Posted on :Friday , 19th February 2021

Tanzania’s President John Magufuli and China’s Foreign Affairs Minister Wang Yi signed in last month the agreement for the construction of the 5th phase of the new Standard Gauge Railway.

The train will run for 341 km from Mwanza, the port city on the shore of Lake Victoria in northern Tanzania, to Isaka in the Shinyanga Region.

The construction. . .

Tanzania: Right Move on Unlocking Agro-Industrial Potential

Posted on :Friday , 27th November 2020

In the year 2000, the Tanzania government of the day officially launched the Tanzania Development Vision 2025 with the overreaching development goal of accomplishing a semi-industrialised, middle-income competitive economy by 2025.

What with one thing leading to another, successor governments came up with the 2011/12—2015/26 Long-Term Perspective Plan which embodied 5 Y. . .