News
High Interest Rates Crippling Local Entrepreneurs
1+ hour, 39+ min ago (227+ words) Small and medium-sized businesses across the country are facing mounting pressure as high interest rates continue to squeeze their operations, threatening the survival of local enterprises that form the backbone of the domestic economy. Local entrepreneurs are grappling with unprecedented…...
RC promotes Dodoma investment opportunities in South Korea
3+ day, 8+ hour ago (211+ words) Tanzania's Dodoma region is being actively promoted to South Korean investors as a premier African investment destination, with officials highlighting the capital city's transformation into a strategic commercial hub backed by ambitious infrastructure projects and favorable government policies. The Regional…...
Govt allays fears over national debt
6+ day, 4+ hour ago (279+ words) Tanzania's government has moved to reassure citizens about the country's rising debt-to-GDP ratio, which has climbed to 40. 7 per cent, emphasizing that borrowed funds have been strategically invested in transformative infrastructure projects designed to accelerate economic growth and enhance quality of…...
Two firms to create 6, 000 jobs in Songea
1+ week, 2+ day ago (541+ words) Tanzania Insight Two firms to create 6, 000 jobs in Songea Tanzania's Ruvuma Region is set to receive a significant economic boost as two major international investors prepare to establish operations in the Songea Special Economic Zone, creating more than 6, 000 jobs and…...
Dollarisation crackdown looms
1+ week, 2+ day ago (365+ words) Tanzania's Prime Minister has ordered the Bank of Tanzania and other regulatory bodies to crack down on the widespread use of foreign currencies in domestic transactions, warning that the practice may be concealing money laundering and other illegal financial activities....
Bo T loans seen as shock absorber
1+ week, 3+ day ago (242+ words) Economic and financial experts in Tanzania are praising a new provision in the Finance Act, 2026 that allows the government to obtain temporary advances from the Bank of Tanzania during emergencies. The measure is being hailed as a critical economic stabilization…...
Prof Shemdoe hails Finance Ministry's professionalism in drafting 2026/27 Budget
1+ week, 3+ day ago (498+ words) Tanzania's Minister of State for Regional Administration and Local Government has praised the Ministry of Finance for its professional handling of the 2026/2027 national budget, which secured overwhelming parliamentary approval with more than 97 percent of votes in Dodoma. Professor Riziki Shemdoe…...
Tanzania resorts to transform aquaculture into a key driver of economic growth, employment
1+ week, 4+ day ago (494+ words) Tanzania's Minister for Livestock and Fisheries has urged fish farmers to strengthen unity and cooperation as the government intensifies efforts to position aquaculture as a major contributor to economic growth and job creation. The call comes amid growing recognition of…...
Parliament Approves 8. 5 Trillion Shilling Appropriations and Finance Bill
2+ week, 1+ day ago (376+ words) Tanzania's parliament has approved the Finance Bill authorizing government expenditure of 8. 5 trillion shillings for the upcoming fiscal year, marking a significant milestone in the country's budgetary process and setting the framework for national development priorities. The finance bill encompasses both…...
Official Statistics to Drive Economy, Ridhiwani Demands Accountability
2+ week, 2+ day ago (272+ words) A Tanzanian economic analyst has called for greater accountability in government economic stimulus programs following the release of official statistics, emphasizing the need for transparent implementation and measurable results. Ridhiwani, a prominent voice in Tanzania's economic discourse, has issued a…...