THE Executive Board of the International Monetary Fund (IMF) has completed the fifth review of Tanzania’s economic performance, noting that Tanzania’s macroeconomic performance remains strong. The review also indicates that economic growth was robust during the first half of 2016 and is projected to remain at about 7 per cent this fiscal year.
The number of tourists visiting Tanzania rose 10.4 percent in the 10 months to October compared with the same period last year, the finance and planning ministry said Friday, despite higher prices for some attractions.
His firm stance on fighting corruption, his introduction of severe austerity measures, and his seemingly aggressive development agenda, have earned him accolades. The United Nations Economic and Social Council recently named him the World’s Best President.
Tanzania’s economy grew 6.2 percent in the third quarter of 2016, compared with 6.3 percent in the same period the previous year, Finance and Planning Minister Philip Mpango said on Monday. The East African nation’s economy has been growing robustly, helped by expansion in the transport, mining, communications and finance sectors. Mpango reaffirmed a forecast […]
The country has earned some USD10bn/- from a total of 136 foreign companies which registered and invested in the country in the past one year.
The good news is that we know investment in agriculture works and we have seen encouraging progress. Research from the Alliance for a Green Revolution in Africa (AGRA) shows how governments that invested 10% of spending in agriculture and supported the sector, have seen productivity and GDP rise, and poverty rates decline since 2005. So […]
While the biggest African economies exhibit little or no growth, and acute exchange rate tensions, many might overlook the continued boom in East Africa, with Ethiopia, Kenya, Rwanda, Tanzania and Uganda all still expected to grow by 5-8% in 2016- 2017, according to the IMF.
Whereas north-African countries Morocco and Sudan are urbanising relatively slowly – with average rates of change of 0.9% and 0.4% respectively over the period 2010 to 2015 – east Africa’s Tanzania and Kenya have witnessed far more rapid change, with average annual rates of change of 2.3% and 1.7%. In both Great Lakes countries, mobile-phone […]
Tanzania is among a few countries in Africa with robust growth of economy as the continent is expecting growth to fall to its lowest level in two decades due to a slump in commodity prices and continuing weakness in global growth, a World Bank report says.
A merger between South African company PayGate and the East African Direct Pay Online Group will create a pan-African online payment processor that will provide local business owners with a single point of contact to accept online payments in 24 African countries
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