Tanzania Economy Growth 2% in 2020, UN Say
The United Nations Economic Commission for Africa (UNECA) has recently released its Economic and Social Impacts of Covid-19 in Eastern Africa report, estimating that only four…
Covid-19
Tanzania to Receive USD 11.6 Million IMF Debt Relief
On 2nd of October 2020, the International Monetary Fund (IMF) approved a second six-month tranche of USD 11.6 million debt service relief to Tanzania under…
Tanzania to Benefit from AfDB Grants to Fight Covid-19
The African Development Fund (AfDB) just approved grants totaling USD 9.52 million to strengthen responses to the COVID-19 pandemic in East Africa and the Horn,…
Tanzania GDP to Grow 2.5% in 2020, WB Forecast
The World Bank (WB) recently released its 14th Tanzania Economic Update (TEU), forecasting economic growth to slow sharply in 2020, to 2.5% from the 6.9%…
IMF Approve USD 14.3 Million Debt Relief to Tanzania to Help Address Covid-19 Impact
On 19th June 2020, the Executive Board of the International Monetary Fund (IMF) approved a grant under its Catastrophe Containment and Relief Trust (CCRT) to…
Stanbic Bank Tanzania Provides Debt Relief to Over 265 Clients
In light of the growing economic impact attributed to the outbreak of the Coronavirus (COVID-19), Stanbic Bank Tanzania has announced debt relief for its clients…
Bank of Tanzania Introduce Measures to Cushion the Economy from the Impact of Covid-19
On 12th May 2020, the Bank of Tanzania (BOT) revealed in a statement the various policies approved by the Monetary Policy Committee (MPC) to cushion…
Covid-19 Ravage Tanzania Tourism and Logistic Sectors
The East African Business Council (EABC), the apex body of the private sector in East Africa, ha recently conducted a survey asking its members, and…
Kilimanjaro Airport to Export Tanzania Perishable Crops Despite Covid-19
A joint collaboration between the Tanzania Horticultural Association (TAHA), the Kilimanjaro Airports Development Company (KADCO), international freight forwarder Kuehne+Nagel, and Africa’s leading air carrier Ethiopian…
AfDB To Lend USD 10 Billion To African Countries To Fight COVID-19
The African Development Bank Group announced the creation of the COVID-19 Response Facility to assist regional member countries in fighting the pandemic.