The Latest

Tanzania Tourism Revenues Up +14.6% in Year End May 2018

August 1, 2018
1 minute read
Tanzania tourism revenues may 2018

The Bank of Tanzania (BOT) Monthly Economic Review of June 2018 indicates that earnings from export of goods and services rose to USD 240.0 million in the year ending May 2018 from USD 171.4 million in the year to May 2017.

Services Receipts
Services earning increased by 10.3% from the amount realized in the year to May 2017 to USD 162.4 million, driven by receipts from tourism related activities.

Travel receipts, which accounted for 60.4% of services receipts, grew by 14.6% to USD 2,414.4 million owing to increase in number of tourist arrivals following enhanced promotional activities by the government and private sector.

Tanzania Investment Guide 2026 Free Edition

Moreover, receipts from transport services—which hold 30.4% of services receipts—was USD 1,214.7 million, higher than USD 1,119.3 million in the year to May 2017 following an increase in transit goods to-and-from neighbouring countries.

Want to know more about Tourism in Tanzania? Our free overview of the Tanzania Business and Investment Guide 2026 covers Tourism, plus key sectors and investment opportunities. The complete 141-page edition includes policies, taxation, key regulations, full macroeconomic data, and sources.

Download Free OverviewGet the Full Guide
Tweet
Share
Share
Share
Related Posts
Nawiri Group Asilia Namiri Plains Lodge Tanzania
Read More

Swiss Investor A Squared Holding Moves to Acquire Full Control of Nawiri Group’s Tanzania Safari Business

Switzerland's A Squared Holding AG intends to acquire sole control of Nawiri Group Limited, the Mauritius-based holding company behind Asilia Lodges and Camps Limited, Asilia Lodges and Camps Southern Tanzania Limited, and Rubondo Island Camp Limited, which together operate around 15 safari camps and lodges across Tanzania. Tanzania's Fair Competition Commission has opened a 14-day public comment period on the transaction as part of its review of the deal's effect on competition in the country's tourism market.
Tanzania Samia Suluhu Hassan Namibia Netumbo Nandi-Ndaitwah
Read More

Tanzania and Namibia Sign Four Cooperation Agreements to Expand Trade and Investment

Tanzania and Namibia signed four cooperation agreements covering trade, small and medium enterprises, defence and municipal cooperation during a state visit by Namibian President Netumbo Nandi-Ndaitwah. The two countries also agreed to expand cooperation across multiple sectors and strengthen trade and investment links through greater private sector participation.
TANZANIA ECONOMIC UPDATE YE APRIL 2026
Read More

Tanzania Exports Grow 13.5% to USD 18.9 Billion in Year Ending April 2026, Led by Gold and Tourism

The Bank of Tanzania's May 2026 review shows exports rising 13.5% to USD 18,876.7 million for the year ending April 2026, led by gold and tourism, while headline inflation climbed to 4% on higher fuel prices. Private sector credit grew 23.6%, the CBR was held at 5.75%, the Shilling appreciated 2.7% to TZS 2,612.46 per USD, and foreign exchange reserves reached USD 5,722.5 million, covering 4.4 months of imports.

Want to know more about investing in Tanzania? Our free overview of the Tanzania Business and Investment Guide 2026 covers the economy, key sectors and investment opportunities. The complete 141-page edition includes policies, taxation, key regulations, full macroeconomic data, and sources.

Download Free Overview Get the Full Guide