Tanzania Lower Interest Rate to 7% to Boost Credit and Economic Growth
The central bank of Tanzania (BOT) has addressed a circular to banks, revising its discount rates downwards to 7% from 9%, effective from Monday 27th…
Tanzania News: Business – Investments – Economy
Tanzania Launch Council to Encourage Youth’s Involvement in Agriculture
U.S. Chargé d’Affaires in Tanzania, Dr. Inmi Patterson, and Honorable Anthony Mavunde, Deputy Minister for Labor, Youth, Employment and the Disabled, launched on 20th August…
Tanzania Annual Inflation Decrease to 3.3% in July 2018
The National Bureau of Statistics of Tanzania (NBS) indicates that the Annual Headline Inflation Rate for July 2018 has decreased to 3.2% from 3.4% recorded in…
Bank Of Tanzania Takes Over Administration Of Bank M
In the exercise of its powers under Section 56(1)(g)(iii) of the Banking and Financial Institutions Act, 2006, the Bank of Tanzania (BOT) has, effective 2nd August…
Acacia Mining H1 2018 Gold Production Down -41%
Acacia Mining (LSE: ACA, DSE: ACA), Tanzania’s largest gold miner, has recently published its unaudited results for the six months ended 30 June 2018, indicating…
Tanzania Tourism Revenues Up +14.6% in Year End 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…
Stanbic Bank Tanzania Introduce Home Construction Facility
According to the Tanzania Mortgage Refinance Company Limited (TMRC) report on mortgage financing released earlier this year, the Tanzanian housing sector’s fast-growing demand is mainly driven by…
Tanzania to Receive USD 123 million for Power Transmission Project in Northwest
The African Development Bank (AfDB) approved on Friday 20 July 2018, a loan of USD 123.39 million to the Government of Tanzania to finance part…
Stanbic Bank Tanzania Launch “More Than a Bank” Campaign
Stanbic Tanzania unveiled its brand campaign dubbed ‘More than a Bank,’ to bring to the fore the bank’s role in moving lives and communities forward.
Tanzania Hotel Revenues Dropped in 2017 but Will Grow in 2019
Multinational professional services company PwC published the 8th edition of its “Hotels outlook: 2018-2022” report that provides an overview of how the hotel industry in…