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World Bank Funded Privatizations Face Repossession Print E-mail
Thursday, 11 February 2010 19:00
world-bank-tanzaniaThe Government of Tanzania is currently considering repossessing approximately 30 firms that were privatized through funding from the World Bank during the Tanzania economic and financial reforms of the late 1990s and early 2000s.
World Bank Funded Privatizations Face Repossession
 
Tanzania Economy Records Growth in Key Sectors Print E-mail
Friday, 05 February 2010 08:47

IMF-tanzaniaAccording to the International Monetary Fund (IMF), Tanzania is included in the list of countries that were the least affected by the international financial and economic crisis and, in spite of fact that the Government of Tanzania was unable to meet its 2008/09 revenue target by 10 percent, the Tanzania National Bureau of Statistics (NBS) recently announced that some of the key contributing sectors to the Tanzania economy were able to record modest growth during the first quarter of last year.

Tanzania Economy Records Growth in Key Sectors
 
World Bank Funds Tanzania MKUKUTA National Growth Strategy Print E-mail
Monday, 11 January 2010 08:15

world-bank-tanzaniaThe World Bank is prepared to provide a supplemental credit of USD 171 in order to help implement the strategy that is known as the Tanzania MKUKUTA strategy, a Kiswahili acronym for the Tanzania national strategy for growth and reduction of poverty, which will also be used to help alleviate the effects of the global financial and economic crisis.

World Bank Funds Tanzania MKUKUTA National Growth Strategy
 
Tanzania Economy Receives EU and UK Support Print E-mail
Tuesday, 04 August 2009 23:12

eu-tanzaniaThe Tanzania economy has been approved for an aid package from the European Commission in the amount of 385 million Euros, which represents the largest sum ever given to the country in this annual assistance package, as well as an additional Tsh 230 billion from the UK, through its Department for International Development (DFID).

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Rescue Package for Tanzania Economy Announced Print E-mail
Tuesday, 14 July 2009 23:23

President Jakaya Kikwete has recently announced a rescue package for the Tanzania economy in the amount of TSh1.7 trillion in order to help cushion his country from the effects of the global financial crisis.

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Plans to Stimulate Tanzania Economy During Global Crisis Print E-mail
Tuesday, 30 June 2009 14:53
In spite of the current global economic crisis, strategists and economic leaders have developed a plan to help stimulate the Tanzania economy using the opportunities that are already available within the country.
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Tanzania Finance Minister Announces VAT Reduction Accompany Budget Print E-mail
Friday, 26 June 2009 18:46
A recent announcement by the Tanzania Finance and Economic Affairs Minister, Mustapha Mkulo, has indicated that a decision to reduce the country’s Value Added Tax (VAT) from 20 percent to 18 percent was reached in accordance with the 2009/2010 budget.
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New Budget for Tanzania Economy Revealed Print E-mail
Thursday, 11 June 2009 23:11
The latest 2009/2010 budget for the Tanzania economy was revealed yesterday by the minister of Finance and Economic Affairs, Mustafa Mkulo, who indicated that some of the changes in the budget that could be expected would be the elimination of several tax exemptions and the reduction of value added tax (VAT) from 20 percent to 18 percent.
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Tanzania Economy to Receive Government Bailout Package Print E-mail
Wednesday, 03 June 2009 09:20
The Tanzania economy is preparing to receive a bailout package from the government worth billions of shillings in an effort to save local companies that are suffering as a result of the global economic crisis; the plan was compiled by a team of experts led by the Bank of Tanzania and the exact figures are expected to be released later this week.
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Support of Tanzania Economy Discussed with President Obama Print E-mail
Sunday, 31 May 2009 23:23
During a recent visit to the United States, Tanzanian president, Jakaya Kikwete, met with the newly elected US president, Barack Obama, to discuss the renewal of US support of the Tanzania economy in its health, education and agriculture sectors.
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