News
How local companies lose bids on high interest rates
2+ hour, 43+ min ago (790+ words) Mbeya. Local firms continue to lose major tenders to foreign investors, particularly Chinese companies, because of crippling borrowing costs, it has been revealed. The stark reality of the capital cost gap was laid bare over the weekend during a high-profile…...
Finance minister urges taxpayers to sustain voluntary tax compliance
1+ week, 1+ day ago (526+ words) Dar es Salaam. Finance Minister Khamis Mussa Omar has urged taxpayers to continue paying taxes voluntarily, on time and in full, saying domestic revenue remains critical in financing major development projects and improving social services. Speaking during the Taxpayer Appreciation…...
New retirement investment fund seeks to expand access
2+ week, 5+ day ago (670+ words) Dar es Salaam. Tanzanians working in both informal and informal sectors are set to gain access to a new retirement savings and investment vehicle following the launch of a new collective investment fund. Called Foresight Private Retirement Fund (FPRF), the…...
Government sets Sh86. 3 trillion strategic plan, targets 6. 3 percent increase
3+ week, 2+ day ago (772+ words) Dar es Salaam. Tanzania plans to spend Sh86. 3 trillion in the 2026/27 financial year, targeting faster economic growth, higher revenue collection and increased job creation as the government rolls out a new phase of its long-term development agenda. Presenting the State of…...
Tanzania's economy grew by 5. 9pc as country concluded Vision 2025
3+ week, 3+ day ago (467+ words) Dar es Salaam. Tanzania's economy grew by 5. 9 percent in 2025, up from 5. 6 percent in 2024, as the country concluded implementation of its Development Vision 2025 and prepared to embark on the newly adopted Vision 2050 development agenda. Presenting the State of the Economy Report…...
Tanzania pushes ahead with Sh62. 3 trillion budget despite economic risks
3+ week, 3+ day ago (377+ words) Dar es Salaam. The government has said it will proceed with implementing a Sh62. 3 trillion budget for the 2026/27 financial year, despite heightened global and domestic economic risks, banking on tighter fiscal discipline, stronger revenue collection and policy reforms. The budget marks…...
Government debt rises to Sh114. 3 trillion as borrowing continues
3+ week, 3+ day ago (414+ words) Dodoma. Tanzania's public debt rose by 8. 97 percent to Sh114. 34 trillion as the government continued to borrow from both domestic and external sources to finance development projects across the country. According to the National Development Plan tabled in Parliament on Thursday June…...
Cost of living high in the agenda as govt tables national Budget today
3+ week, 3+ day ago (1596+ words) By" Josephine Christopher "&" Gadiosa Lamtey Dar es Salaam. Millions of Tanzanians will be closely watching and listening to parliamentary proceedings today amid widespread anticipation that the government will unveil concrete measures to ease the rising cost of living when it…...
Is Tanzania's debt still sustainable? Beyond the official numbers
3+ week, 4+ day ago (901+ words) In last week's first article of this series, I argued that national debt is neither inherently good nor inherently bad. Countries borrow for development and borrowing can help finance infrastructure, industrialisation and economic transformation when managed prudently. The real question…...
When borrowing builds nations " and when it burdens them
1+ mon, 2+ day ago (690+ words) Few economic issues provoke stronger political emotions than national debt. Around the world, governments defend borrowing as necessary for development while critics warn about future burdens on taxpayers and loss of economic sovereignty. Tanzania is no exception. As public debate…...