Tanzania: Govt Banks On Manufacturing Sector, Trade to Boost Economy

Posted on :Friday , 30th July 2021

THE government of Tanzania is improving the manufacturing sector and trade to boost the economy and make the country develop.

German International Development Cooperation (GIZ) has supported a desk study to identify what the manufacturing sector needs to grow and uplift the livelihoods of Tanzanians.

GIZ funds this initiative through the Confederation of Ta. . .

Tanzania And Kenya To Re-Ignite Trade And Economic Cooperation

Posted on :Tuesday , 25th May 2021

Hon. Samia Suluhu Hassan has just completed a 2 day official visit to Kenya where she met her Kenyan counterpart President Uhuru Kenyatta with the aim to unlock trade and build up economic relations.

President Samia Suluhu Hassan addressed the Kenyan parliament, where she pledged to develop co-operative projects including road construction, the construction of a 400 kW power . . .

Tanzania Economy to Grow by 6% in 2021, Central Bank Say

Posted on :Monday , 3rd May 2021

In its latest Monetary Policy Statement, Mid-Year Review, of February 2021 the Bank of Tanzania projects that the country’s real GDP will grow by 5.5 % in 2020 and by 6.0 % in 2021.

The positive outlook is driven by expected value added in agriculture due to enough rains, public investment, increase in export earnings from mining contributed by high world market prices . . .

800 Chinese Companies Ready to Invest in Tanzania

Posted on :Monday , 3rd May 2021

On 21st April 2021, the President of Tanzania, Hon. Samia Suluhu Hassan met with the leaders of the Chinese Chamber of Commerce in the country to discuss the various issues pertaining to trade and investment.  

The Chinese leaders led by Mr. Janson Huang guaranteed President Suluhu that they are ready to cooperate with the 6th Phase Government in economic growth and upli. . .

Tanzania Gold and Minerals Exports Go up In January 2021

Posted on :Thursday , 1st April 2021

The Bank of Tanzania released its Monthly Economic Review – Feb 2021, indicating that the total exports of goods and services amounted to US$ 8,741.8 million in year ending January 2021, representing a slight decrease from US$ 9,835.5 million recorded in the corresponding period in 2020.

Traditional exports amounted to US$ 705.4 million from US$ 959.7 million, accountin. . .