Browsing: Tanzania economy


Tanzania’s President John Magufuli has confidently provided directives to his government regarding the reopening of the economy, including tourism, sports, and education.

“The trend shows that coronavirus infections are declining,” said the head of state

President Magufuli who is also the Southern African Development Community (SADC) chairman, gave various directives during a swearing-in event of Tanzania’s ambassadors to Kenya, Algeria and Mozambique and the deputy health minister, at the State House in Dodoma.


Since March, schools, colleagues and universities were shut down as part of the government of Tanzania measures to curb the virus. Hence, due to the less-threatening trend of COVID-19 patients in Tanzania, as argued by Magufuli last Sunday, universities are slated to open by June 1 2020.

“With the fall in Covid-19 cases, we have decided that universities should reopen on June 1, 2020. The relevant ministry should make all necessary arrangements within these nine days …


A few days after Tanzania president John Magufuli assured the nation on the state of the coronavirus (COVID-19) in the country, the ministry of health provided travel advisory for all travellers going and coming out of Tanzania, this being an initial step towards reopening other spheres of the economy particularly the travel and tourism industry.

According to the statement signed by the health minister Ummy Mwalimu, on April 4, 2020, the government of Tanzania placed additional measures to limit the spread of the virus, hence—following the decreased trend of the admitted cases of the COVID-19 in Tanzania, the travel advisory was reviewed and accommodate various measures related to international travellers.

Air travel measures

The statement stressed that “all travellers whether foreigners or returning residents entering or leaving the country will be subjected to enhanced screening for COVID-19 infection, “

The statement also highlighted that “there will be no 14 days …

Stanchart’s growth projection for EAC economies

Stanchart released the outlook for the EAC three big economies – Uganda, Kenya and Tanzania.

According to the outlook report, the bank lowered Uganda growth forecasts to 6.0 per cent in 2020 and 6.2 per cent in 2021.

According to the report, although it is difficult to assess the full impact of the regional locust invasion, food prices have already been pressured due to flooding especially in eastern Uganda in December last year.

“We now expect the Bank of Uganda to keep its policy rate on hold at 9.0% throughout 2020 having previously seen scope for more easing,” said part of the report.

The report adds that they project the Bank Of Uganda (BoU) will adopt a tighter policy stand to control inflation given the 2021 elections and the rising caution over the extent of the government’s public financing requirement.
Stanchart’s chief economist for Africa and the Middle East, Razia …