Market News

On 18th February 2022, the President of the European Commission (EC) Hon. Ursula Von der Leyen met with Tanzania’s President Hon. Samia Suluhu Hassan on her visit to Belgium.   After the meeting, Von der Leyen has announced the EC’s support to Tanzania with EUR 425 million to fund vari . . .

On 28th December 2021, the President of Tanzania Samia Suluhu Hassan witnessed the signing of the agreement for the construction of the 3rd phase of the Standard Gauge Railway (SGR) connecting Makutupora to Tabora. The agreement was signed between the Tanzania Railways Corporation (TRC) and Yap . . .

The Bank of Tanzania (BOT) Monthly Economic Review-December 2021 indicates that in the year ending November 2021 exports of goods and services amounted to US$ 9,789.9 million, higher than US$ 8,614.6 million in the corresponding period in 2020. The growth was driven by a rise in exports of non- . . .

The economic recovery is gaining momentum as Tanzania has recorded an increase in exports of goods and services, as well as the provision of loans to finance economic activities by the private sector.  According to the Bank of Tanzania's monthly economic review, exports of goods and servic . . .

Tanzanian President Samia Hassan inaugurated the 1st phase of Egypt's Elsewedy Industrial Complex in Tanzania, which includes investments totalling $35 million, Elsewedy Electric said in a statement on 6th Dec 2021. The president, accompanied with Egyptian and Tanzanian key officials, also laid . . .