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Browsing: Pesident Samia Suluhu
- President Samia strikes deal to increase volume of meat export to Saudi Arabia.
- Tanzania meat export segment is often undermined by quality, which is attributable to pests and diseases, a challenge the nation seeks to fix by rolling out mass livestock vaccination campaign.
- At least three Saudi Arabian companies plan to invest in Tanzania’s livestock, and fodder production sub-sectors.
Tanzania is rolling out livestock vaccination campaign as part of a raft of measures geared at enhancing the quality and volume of meat export. Although the East African nation boats of the third largest livestock herd in Africa, the quality of meat export is often hampered by persistent pests and diseases.
“We want every livestock keeper to vaccinate, and we will develop a specific vaccination schedule for each livestock disease,” said Livestock and Fisheries Minister Abdallah Ulega.
Policymakers in Tanzania seek to triple meat export by 2030 a goal that is …
- Tanzania is significantly scaling up regional integration through cross-border trade.
- The East African country is also banking on a rebound in the tourism industry with receipts doubling to $2.7 billion in February 2023.
- Overall the number of investments powering Tanzania economy increased by 128 percent by February 2023.
Tanzania is poised to emerge as a premier investment destination not only in East Africa but across the entire continent, driven by its robust economic growth. The recent International Monetary Fund (IMF) report underscores this positive trajectory, indicating that the nation's GDP is expected to grow from the current 5.2 per cent to an impressive 6.1 per cent next year.
Remarkably, Tanzania's economy is resilient, overcoming the challenges posed by the global COVID-19 pandemic that hindered growth in various regions. The World Bank's economic overview for Tanzania reflects a notable GDP growth rate of 4.6 per cent in 2022, with expectations of…
- Tanzania to sell government shares in parastatals to public.
- President Samia decries loss-making parastatals, announces reforms.
- The private sector is eager to learn which parastatals will sell shares.
Tanzanian government is taking bold steps to inject new life into its ailing parastatals by opening their doors to private sector investment. This strategic shift marks a departure from the government’s previous stronghold over these enterprises, aiming to rejuvenate their operations and stimulate economic growth.
President Samia Suluhu Hassan’s executive order to sell shares in public parastatals signals a transformative move towards reviving entities that have struggled to remain competitive.
The motivation behind the decision extends beyond economic growth—it echoes the vision of Tanzania’s founder, Mwalimu Julius Nyerere, who envisioned these enterprises as assets owned by the people and the private sector.
Unleashing the Tanzania parastatals’ potential
By transferring ownership to the private sector, the government aims to foster public authority and …
- 71 LGAs paid $4.3 million (TZS10.08 billion) to various suppliers and clients without demanding receipts.
- About $32.7 million in revenue from rental charges for shops and houses located at the council’s bus stands and markets was not collected.
- Audit has prompted President Samia Suluhu Hassan to dissolve the board of Tanzania Government Flight Agency (TGFA).
An audit in Tanzania has exposed massive corruption and misuse of public finances across Local Government Authorities (LGAs) that led to the loss of billions of shillings, yet another pointer to why the country of nearly 65 million people still ranks high globally on corruption.
Tanzania Controller and Auditor General (CAG) 2021/22 report shows a total of 71 LGAs paid $4.3 million (TZS10.08 billion) to various suppliers and clients without demanding receipts while another 40 authorities wired $725,711 or TZS1.70 billion to beneficiaries without proof of the relevant supporting documents.
A total of $4.7 million …
By agreeing to remove double taxation the countries also agree to remove barriers to bilateral investment and trade between one other. It is just as well because trade and investment between the two are growing.
Only recently the UAE renewable energy firm Masdar went into a deal with Tanzania to conduct several solar and wind power projects in the country. Similarly, the Emirates also signed several trade financing agreements with a few countries in West Africa as the UAE makes its mark in global economic growth.
Qatar is only the latest of the United Arab Emirates that Tanzania is making trade and investment deals with. In February this year, Tanzania participated at the World Expo Dubai 2020 to promote its products and opportunities.…
- Tanzania President Samia is commended for rebuilding investor confidence
- Tanzania now enjoying improved regional relations with EAC members
- President Samia pushes to fast track Tanzania’s national development projects
From pushing Covid-19 vaccination campaigns to rebuilding investor confidence, Tanzania’s first female president, Samia Suluhu Hassan is making headlines as an economic focused president with a vision of prosperity.
If the recent visit by the African Development Bank Group (AFDB) President Dr. Akinwumi A. Adesina is anything to go by, President Samia is positioning Tanzania to achieve its socio-economic development vision.
Ahead of her State tour to France and Belgium where she among other things attended the One Ocean Summit on global action against pollution of marine life, President Samia hosted the President of the African Development Bank Group, the lead African funding instrument.
The visit by AFDB President Dr. Akinwumi A. Adesina was very symbolic and it among other things …
While in France, President Samia attended the One Ocean Summit in Brest. The three-day summit discusses ocean safety and actions against the threats to the ocean. Among other things, initiatives launched at the summit aim to protect the marine ecosystem and develop sustainable fisheries.
The initiatives seek to fight pollution particularly from plastics as well as to respond to the impacts of climate change and to advocate for improved governance of oceans.
This State Visit follows last year’s visit to Tanzania by French Minister for Foreign Trade and Economic Attractiveness, Franck Riester, who visited the East African economic hub in October 2021.…
TotalEnergies CEO Patrick Pouyanne said that the memorandum of understanding will see the French firm produce Liquefied Petroleum Gas (LPG) and also deploy large-scale renewable energy technologies to identify areas of commercial investment.
Uganda’s Minister of Energy and Mineral Development, Ruth Nankabirwa said in a speech ahead of the signing that the agreement would put the country on the path to first oil in 2025. She added that EACOP would create approximately 160,000 jobs during the project’s development.
The agreement dictates TotalEnergies will develop solar, wind, geothermal, and other renewable technology power projects in Uganda to add a combined installed electricity output capacity of 1 Gigawatt by 2030 to the current 1.2-Gigawatt production.…