The Tanzanian central bank (Bank of Tanzania – BoT) published a detailed economic bulletin for the quarter ending September 2020, which showed Zanzibar’s economy taking a nosedive contracting by 2 per cent compared to a growth rate of 5.2 per cent in the corresponding quarter in 2019.

Zanzibar—the semi-autonomous region of Tanzania, is taking various measures to enhance economic and trade liberalization that can pave a smooth way for the private sector to get engaged in the local, regional and international arena.

The year 2020 had a lot of events across the development aisle, and Tanzania’s economic upgrade from low to lower-middle-income status by the World Bank (WB), is worth noting as one of the success stories.

There have been a number of forecasts on the economy of Africa and Tanzania at large, with a variety of predictions which point at different directions.

On June 11 2020, the Tanzanian government confidently, via the Ministry of Finance and Planning stated that the nation’s economy is expected to grow at a rate of 5.4 per cent in 2020 compared to earlier estimates of 6.9 per cent.

It is not every day that young men and young women with burning and out-of-the-ordinary business ideas get to meet an angel investor in an elevator or meet a venture capitalist by fluke.

A local TV show based in Tanzania made that scenario a reality, by bending the ropes of bureaucracy and lengthy proposal-writing to make big dreamers, change-makers and transformative business owners maximize their reach.

Tanzanians love African Movies, they adore Tanzanians films, so as everyone else whether it is…

Every year, the L’Oréal Foundation along with UNESCO short lists 20 out of more than…

President John Magufuli is already walking his campaign talk to grow the national economy through increased investment.…