Browsing: Tanzania Exports

• Tanzania is intensifying efforts to shift from subsistence to commercial agriculture by tripling its agriculture budget and investing in new grain storage infrastructure.
• Recently, President Samia Suluhu Hassan launched the construction of 28 rural warehouses and announced plans to boost national grain storage capacity to 3 million tonnes by 2030 to address food insecurity and reduce post-harvest losses.
• With an anticipated bumper maize harvest, Tanzania is also engaging regional trade opportunities while tightening export restrictions to protect local farmers and stabilize prices.

Tanzania has reiterated its commitment to transitioning from subsistence farming to commercial agriculture. To achieve this ambitious goal, the country is scaling up its agricultural industry and is already anticipating a bumper harvest this season.

In line with this vision, Tanzania has significantly increased the budget for the Ministry of Agriculture. Notably, the ministry’s budget has tripled over the past three years—from 460 billion shillings (US$172 million) in …

The improved trade relations come a year after Kenya and Tanzania agreed to eliminate barriers.

In March 2021, the two countries said several barriers were hindering the smooth flow of trade and people and agreed to form better relations.

As reported by The Exchange Africa, at the time, President Uhuru Kenyatta and Tanzania Head of State Samia Suluhu Hassan announced new measures to facilitate trade.

Among them was establishing a joint team of experts to address the disjointed enforcement of cross-border Covid-19 containment protocols, one of the most pronounced non-tariff trade barriers between the two nations.…

As the two countries keep pressing different economic plans, the visit ushers in crucial business opportunities as the business community listed seven priorities, they “would focus on in bilateral talks between Tanzania and Rwanda that could boost the intra-trade between the two” according to information from The Citizen.

The key issues to be dealt with from the start from stabilizing economic relations: clearing out the Non-Tariff Barriers (NTBs), and payment of unpaid transactions that Rwandan importers owe clearing and forwarding agents and transporters in Tanzania, according to The Citizen.…