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Tanzania—East Africa’s host of the most strategic port (Dar es Salaam Port), anticipates garnering more cargo in the next four years, as the Tanzanian Port Authority (TPA) projects the volume of cargo to rise by almost 43 per cent, according to information from The Citizen.
The Dar es Salaam port handles about 95 per cent of the country international trade, serving other landlocked countries, Malawi, Zambia, Democratic Republic of Congo, Burundi, Rwanda and Uganda, according to information from the TPA website.
In the maritime sector, Tanzania has a rather wider potential for expanding its reach in this pool. Tanzania’s coastline stretches of approximately 1425 km across East Africa portrays how the country could transform its economy and vitalize movement of good over the East African region.
The government of Tanzania has been on a mission to transform the sector physically and financially. For instance, in July 2017 President John Magufuli …
The central bank of Tanzania (BoT) published its January 2021 monthly economic review report, breaking down several performance aspects of various sectors including exports, imports, as well as the national debt.
On this section of the economy, the central bank report showed the year-on-year headline inflation remained moderate at 3.2 per cent in December 2020, compared to 3 per cent in the earlier month.
The report argued that the changes occurred due to price-driven onto food and non-food items. On the overall basis, the inflation rate was within the regional benchmarks as well as below the country medium-term target of 5.0 per cent.
“On month-to-month headline inflation increased to 0.8 per cent in December 2020 compared to 0.3 per cent in the previous month and 0.6 per cent recorded in the corresponding period in 2019” the report noted.
However, the bank report highlighted that inflation is projected to remain …
Winners of the 2020 edition of the Private Equity Awards Africa are set to be announced on 19 November 2020. There are 19 African focused private equity firms in the running for the house of the year position.
In the previous year’s awards, the house of the year award went to Development Partners International, a firm that manages over US$1.6 billion in pan-African private equity.
Several other subcategories will rate private equity firms in terms of deal size, the exit of the year, debt and infrastructure, and a portfolio company of the year. The competition also includes a category for the best advisors and fund administrators.
The London Business School Private Equity Institute in conjunction with the private equity awards advisory panel will make recommendations for the deserving winners.
The ultimate winners will be chosen by an autonomous panel of judges which comprises some of the …
In the past years, more research has been conducted about the alternatives of our current linear economy that is focused on ‘take-make-dispose’. A circular economy is an alternative model, that enables green growth and green industrialization by closing the loop of resources and by developing regenerative and circular systems. As stressed by Chatman House1, the circular economy has been mostly seen as a rich-country agenda.
However, the circular economy has enormous potential for lower and middle-income countries. Here are four reasons why circular economy supporters should focus on the (East) African region to unlock the potentials of the circular economy in Africa- and to leapfrog to a Circular Africa.
African emerging economies as an opportunity to implement a circular economy
First of all, it is important to consider that developed countries might be stronger committed to a linear economy than lower and middle-income countries. The industrial revolution in …
The International Monetary Fund (IMF), the international economic advisory body, has cut its forecast for Tanzania’s economic growth for this year and 2020 to four percent, down from previous expectations.
Tanzania is forecast for economic growth of 4 percent in 2019 before accelerating modestly to 4.2 percent in 2020 – a drop from an estimated 6.6 percent in 2018. In January last year, the IMF said it expected Tanzania’s economy to grow between six and seven percent over the medium term, provided the country increased capital spending and improved its business environment. However, the organization has drastically cut its outlook for the country, predicting growth of four percent in 2019 and a minor increase for 2020.
The Fund also predicts Tanzania’s consumer price inflation will reach 3.5 percent this year and rise to 4.5 percent in 2020.
The IMF’s revised forecast contradicts government estimates that predict the economy will grow …