Tanzania News: Business – Investments – Economy
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AfDB Reiterate Financial Support to Tanzania
The President of the African Development Bank (AfDB) Hon. Dr. Akinwumi Adesina met with the President of Tanzania, Hon. Dr. John Bombe Magufuli in Dar…
East Africa and Tanzania to Show Strong Economic Growth in 2019
The Institute of Chartered Accountants in England and Wales (ICAEW) has recently issued its latest Economic Update for Africa for Q1 2019, which includes economic…
Tanzania To Doube Rice Production By 2030
The Ministry of Agriculture of Tanzania has recently launched the National Rice Development Strategy Phase II to increase the production of crop yields from 2.2…
Tanzania Natural Gas Power Demand To Increase in 2019
Orca Exploration Group (Orca), the company operating a natural gas processing facility on Songo Songo Island, off the coast of southern Tanzania, has published its…
World Bank To Support Tanzania 2019/20 Budget With USD 1.7 Billion
The World Bank (WB) has agreed to provide Tanzania with a concessional loan and support worth USD 1.7 billion, equivalent to approximately TZS 4 trillion,…
Tanzania Gold and Tourism Exports Up in February 2019
The latest Bank of Tanzania (BOT) Monthly Economic Review of March 2019 indicates that in February 2019 the country’s value of exports of goods and services increased…
Japan Invest in Tanzania Wind Energy
Japan’s largest wind power developer Eurus Energy recently acquired a share in Winlab Africa, the subsidiary of Australian Windlab that carries out wind power projects…
Tanzania Economy Slowing Down, IMF Warns
The International Monetary Fund (IMF) estimates that real GDP growth of Tanzania will be 4.0% in 2019, and 4.2% in 2020, as opposed to 6.6%…
Tanzania Mortgage Market Grew by 22% in 2018
The value of mortgage loans in Tanzania registered a growth of 22% in 2018 compared to a growth of 6% recorded in 2017, the Tanzania Mortgage…