Tanzania’s Former President Benjamin Mkapa Has Died

Benjamin Mkapa died

On 24th July, Tanzania’s Presidential Office has announced the death of the former President of Tanzania Benjamin William Mkapa.

Mkapa died at the Muhimbili National Hospital in Dar es Salaam where he was receiving medical treatment.

President Magufuli has declared seven days of National mourning from today Friday 24 July when all the flags will fly at half-mast.

Tanzania Investment Guide 2026 Free Edition

William Mkapa was born on 12th November 1938  in Ndanda, in southern Tanganyik.

He became the third President of Tanzania in 1995, a position he held until 2005.

During his two terms in office, Mkapa privatized state-owned corporations and instituted free-market policies, thus attracting foreign investment and promoting economic growth.

His policies won the support of the World Bank (WB) and International Monetary Fund (IMF) and resulted in the cancellation of some of Tanzania’s foreign debts.

Want to know more about the Economy in Tanzania? Our free overview of the Tanzania Business and Investment Guide 2026 covers the Economy, plus key sectors and investment opportunities. The complete 141-page edition includes policies, taxation, key regulations, full macroeconomic data, and sources, and is also available at no cost upon completion of a short form.

Download Free OverviewGet the Full Edition for Free
Related Posts
Tanzania World Bank
Read More

Tanzania and World Bank Finalize KAZI MPA Central Corridor Jobs Programme to Boost Youth Employment and Private-Sector Growth

The Government of Tanzania and the World Bank have finalized technical preparations for KAZI MPA, the Catalyzing Jobs and Resilient Growth in the Central Corridor Multiphase Programmatic Approach. The programme aims to expand youth employment, increase investment and strengthen private-sector participation along the Central Corridor in line with Tanzania Development Vision 2050.
Tanzania Tells Fitch Ratings Economy Set to Grow 6.3% in 2026
Read More

Tanzania Tells Fitch Ratings Economy Set to Grow 6.3% in 2026

Tanzania's Minister of Finance told Fitch Ratings that its economy is projected to grow 6.3% in 2026, up from 5.9% in 2025, driven by mining, gas, energy, agriculture, and infrastructure investment. He also acknowledged that the growth rate had not yet returned to pre-COVID-19 levels.
United States Fiscal Transparency Report
Read More

Tanzania Missed 2026 US Fiscal Transparency Standard, Made Progress

The US Department of State's 2026 Fiscal Transparency Report found Tanzania among 67 of 139 governments that did not meet minimum fiscal transparency requirements for the review period covering 1 January to 31 December 2025, though it was one of 14 governments recognized for making significant progress toward the standard.