Economy

Tanzania Economy Still on the Rise, Expected to Reach 7%

October 22, 2013

1 minute read

The Tanzanian economy grew at 6.9% in 2012, and according to the International Monetary Fund, it is projected to achieve an over 7% growth rate in 2014.

The National Bureau of Statistics announced yesterday that in the second quarter of 2013, Tanzania’s economy grew 6.7% (compared to 6.4% in the same period of 2012), and the highest jump, 15.2%, was between April 1st and September 30th.

The second quarter sectors that markedly grew when compared to 2012 included agriculture, electricity, construction, and transport and communication.

Dr Honest Ngowi, business economist lecturer at Mzumbe University remarked that there are more indicators of growth than setbacks currently in Tanzania, and that at 6.1%, inflation is decreasing while oil and gas licensing may stimulate further growth.

Sign Up for Our Newsletters

Receive our free updates on business and investments.

Tanzania Minister for Foreign Affairs Mahmoud Thabit Kombo

Economy

Tanzania Government Responds To Foreign Reprimands on Post-Election Violence, Highlights Establishment Of Commission Of Inquiry and Upcoming Report

The Government of Tanzania issued a statement in response to recent foreign reprimands regarding post-election events, noting the establishment of a Commission of Inquiry to review the unrest. It reaffirmed its commitment to international cooperation and called for national mechanisms to proceed.

Economy

15 EU Countries, UK, Canada Call for Release of Political Prisoners After Tanzania Election Violence

Fifteen European Union countries, the United Kingdom, and Canada issued a joint statement on Tanzania's post-election violence, calling on authorities to release bodies to families and free all political prisoners. The statement cited credible reports of extrajudicial killings, disappearances, and arbitrary arrests following the October 29 elections.

US State Department Review Relation Tanzania

Economy

U.S. Reviews Bilateral Relations with Tanzania Over Religious Freedom Repression, Investment Obstacles, and Election Violence

The United States has initiated a comprehensive review of its bilateral relationship with Tanzania following concerns about religious freedom repression, obstacles to U.S. investment, and violence surrounding the October 29 elections. In a statement, the U.S. State Department indicated that recent actions by the Tanzanian government have put American citizens, tourists, and U.S. interests in Tanzania at risk.

Economy

Tanzania’s Unemployment Drops to 6.2% and Average Wages Rise to TZS 477,241, But Informality Surges to 94.6%, New Survey Reveals

Tanzania's 2024 labour market survey reveals employment gains with 68.7% employment-to-population ratio, but informality surges to 94.6%. Key findings show declining unemployment from 8.7% to 6.2%, rising average monthly wage to TZS 477,241, and improved literacy rates. However, gender wage gaps persist and youth unemployment remains at 10%.

The Latest

Tanzania Government Responds To Foreign Reprimands on Post-Election Violence, Highlights Establishment Of Commission Of Inquiry and Upcoming Report

Dar es Salaam Stock Exchange Week 49 of 2025: Bond Market Surges +119.11%, Equity Turnover Dips -62.31%, MKCB Leads with +7.50%

15 EU Countries, UK, Canada Call for Release of Political Prisoners After Tanzania Election Violence

U.S. Reviews Bilateral Relations with Tanzania Over Religious Freedom Repression, Investment Obstacles, and Election Violence

Tanzania Economy Still on the Rise, Expected to Reach 7%

Sign Up for Our Newsletters

Tanzania Government Responds To Foreign Reprimands on Post-Election Violence, Highlights Establishment Of Commission Of Inquiry and Upcoming Report

Dar es Salaam Stock Exchange Week 49 of 2025: Bond Market Surges +119.11%, Equity Turnover Dips -62.31%, MKCB Leads with +7.50%

15 EU Countries, UK, Canada Call for Release of Political Prisoners After Tanzania Election Violence

U.S. Reviews Bilateral Relations with Tanzania Over Religious Freedom Repression, Investment Obstacles, and Election Violence

Tanzania’s Unemployment Drops to 6.2% and Average Wages Rise to TZS 477,241, But Informality Surges to 94.6%, New Survey Reveals

Tanzania Economy Still on the Rise, Expected to Reach 7%

Sign Up for Our Newsletters

Related Posts