Browsing: Tanzania

Barely a month after the tragic and unexpected death of Tanzania’s outspoken and visionary leader Dr. John Magufuli, the country has gone ahead and inked an oil pact with neighbouring Uganda.

The move puts a lid on speculations of how the country’s first woman President Mama Samia Suluhu Hassan will handle duties of the top office. The new president, who was former vice president under the Magufuli regime, sat with her Ugandan counterpart Yoweri Museveni and together shook hands for French Total E&P and China’s CNOOC and signed key agreements for the East African Crude Oil Pipeline (EACOP).

The central bank of Tanzania (BoT) released a monthly economic review report this week the report depicted the performance of…

Kenya Tax, costs ‘bigger threat to businesses than COVID-19’ According to a survey by the Central Bank of Kenya (CBK),…

If you are reading this in East, Central, North or Southern Africa, you have probably heard these hit songs “Number…

East Africa (Tanzania and Uganda in this case) is endowed with plenty of natural resources that mark it as a…

The late Magufuli is celebrated and mourned across the East African Community which has also joined hands with Tanzania to remember his legacy—which extended from his fight against corruption and the misuse of public resources to his diplomatic relations, forged across the landscape through several regional communities—where on numerous occasions he had declared that ‘we are unified as one’. 

Magufuli was a stern advocate of hard work for economic excellence. His voice on this matter was as strong as his willpower. Throughout his unfinished tenure, he had demonstrated how Tanzania can transform its natural wealth and utilize domestic tax collections to fuel development projects. 

Climate change is a 21st-century phenomenon that has called the attention of most governments on planet earth. In Africa, the…

Despite the global economic shocks caused by covid-19, in July 2020 the World Bank Group (WB), Tanzania’s development partner categorized…

The central bank of Tanzania (BoT) released its monthly economic review on Wednesday 10 2021 for February. The economy was…

Tourism was Tanzania’s leading source of forex—this according to data from the Ministry of Natural Resources and Tourism—but that was only true before the global Covid-19 pandemic hit.

Statistics from the ministry show that the country earned an impressive USD2.5B from the tourism sector in 2019. That was the highest it would rake in before Covid-19 befell the world in 2020.  To date, the future looks grim.

The effect of the global pandemic on Tanzania’s economy in general has been devastating. Consider the fact that earnings from the travel subsector have plummeted by more than half its pre-pandemic earnings.