Author: Giza Mdoe

CRDB Tanzania and FinDev Canada have signed a US$60 Million investment to increase access to finance for Women and Youth entrepreneurs across the region. The partnership also gives priority to climate adaptation projects that back businesses which lead the way in green innovation and becoming more resilient in the face of environmental challenges. CRDB Tanzania closes mega-size million dollar agreements with world top banks. The signings, which took place on the fringe of the World Bank / International Monetary Fund (IMF) Annual Meetings in Washington D.C., opens another chapter of CRDB Bank’s focus to propel inclusive and sustainable economic growth…

Government of Tanzania launches fund for NGOs. Tanzania NGOs urged to wean off donor dependency.  NGOs encouraged to seek alternative fundraising solutions. Players across Tanzania NGOs segment can breathe a sigh of relief following the government’s decision to establish a fund to support non-state actors in the country at a time when organizations are grappling with thinning donor support. Last week, the government of Tanzania launched a National Committee tasked with coordinating the establishment of the Non-Governmental Organisations (NGOs) Basket Fund (NBF), an initiative that is wired to support entities in the segment during the current period of reduced donor…

With Agentic AI, there will be significantly decreased need for travel to banking halls or to engage banking agents. Innovation signals that businesses must plan for Agentic AI to stay relevant.  Agentic AI will help you account for every cent that you otherwise forego. A new innovation, Agentic AI or AI agents, looks set to make sophisticated money decisions for millions of customers, further reshaping banking industry and influencing how decisions are made on billions of dollars held in banks. Sounds scary, if you are a banking agent, yes, the fact that AI technology my take over your job in…

The market share of Tanzania tea is gaining ground globally. To boost growth momentum, Tanzania has appointed former beauty pageant as tea ambassador.  Currently, China leads global tea production and market, too. Tanzania tea output is increasing and gaining global popularity, latest figures from Tanzania Tea Board (TBT) show that the country’s green leaf is now ranking as the fourth largest export crop. In an update following a stakeholders meeting to explore strategies to enhance the update of the export crop, TBT called on sector players to ride on “superior quality of Tanzanian tea” to increasingly push for its “recognition…

Tanzania sugar output increasing. New factory launch to bridge demand gap. President Samia urges sustainability in sector. The Tanzania sugar industry is experiencing growth, with production nearing self-sufficiency but a gap still exists between domestic demand and production. According to sector authorities, the country’s annual sugar demand is in excess of 600,000 tonnes, while production is nearing this demand, but it is still not quite there. “The government has a target to increase production to 756,000 tonnes by the end of 2025 to meet both local and industrial needs, as well as for export,” reads a press release shared during a…

Tanzania tax compliance key to growing domestic revenue.  TRA launches initiative to increase compliance. AI adoption poised to firm up tax compliance systems. As the drive to increase revenue collections intensifies, tax authorities in Tanzania have been urged to embrace emerging technologies including Artificial Intelligence (AI), to enhance efficiency in sealing leaks and annihilating evaders. For years, officers from the which Tanzania Revenue Authority (TRA) have battled tax evaders, individuals and businesses who keep under declaring their duty obligations while also bursting bold tax avoidance schemes involving cross-border businesses. A recent report by advisory firm Pricewaterhouse Coopers (PwC), however, suggests…

Saudi Arabia has embarked on a goal to increase oil output.  With higher oil output, the global target to meet ideals of the Paris Agreement may not be realized. Despite policies in favor of renewables, new investments in oil continue to spell trouble. Saudi Arabia is increasing oil output, and the global energy transition is entering a new phase, or maybe, dying all together as drive for fossil fuel resurrects. The oil-rich country is leading a global resurgence in oil demand, and new oil finds that continue to occupy economies Africa, Brazil and elsewhere, a fine recipe for relentless effort to…

Deal aims to harness Tanzania’s vast uranium reserves as a driver for economic growth, industrial development, and future clean energy prospects. Project involves a 20-year plan to extract and process an estimated 300,000 tonnes of uranium. Construction is scheduled to begin in the first quarter of 2026, with commissioning scheduled for 2029. Russia’s state-owned Rosatom has launched a $1.2 billion uranium extraction partnership with Tanzania, one of the East African nation’s most ambitious clean energy investments. The project aims to tap Tanzania’s vast uranium reserves to drive economic growth, industrial development, and clean energy prospects. President Samia Suluhu Hassan presided…

In Zanzibar, the introduction of government digital financial systems has helped to fast-track execution of various roles and delivery of services. Digital adoption now targets agriculture, education, health and other sectors, aiming at taking services to underserved population. Authorities in the Island have developed a five-year plan dubbed Digital Economy and Statistics Map to guide on digital-first operations. Zanzibar is undergoing a digital transformation that is fast improving the government’s planning and budgeting processes, transparency and service delivery to the citizens. According to Dr. Juma Malik Akil, Zanzibar’s Finance and Planning Ministry Permanent Secretary, the introduction of government digital financial…

Ras Al Khaimah Economic Zone (RAKEZ) records 43 percent increase in new companies. Economic zone offers 100 percent ownership to foreign companies. African companies encouraged to set up at the RAKEZ. A new trading hub in the UAE dubbed Ras Al Khaimah Economic Zone (RAKEZ), recorded a significant 43 percent increase in new company registrations for the first half of 2025 compared to the same period last year. According to officials at the economic zone; “a total of 8,506 companies joined the RAKEZ business community between January and June this year, up from 5,933 in the first half of 2024,…