Pesapal Receives License from Bank of Tanzania
Pesapal Tanzania Limited has been licensed as a Digital Payment Systems Provider in Tanzania under the National Payment System Act, 2015. The license granted by the Bank of Tanzania will [...]
Coffee Makes a Return as a Major Cash Crop in Tanzania
Coffee, which used to be black gold in Tanzania, is rebound due to rising global demand. According to global agricultural polls, there will be a shortage of over 80,000 tonnes [...]TRA Set to Use Tenants to Collect Taxes from Landlords
Tanzania Revenue Authority’s (TRA) plans to give tenants a mandate to withhold 10 per cent of house rent in both private and commercial houses to expand the scope of tax [...]470 Tanzanite Miners Lose Permits Over Unpaid Dues
The mining licences of 470 Tanzanite miners at Mererani have been temporarily revoked over accumulated fees they were supposed to pay to the government. Manyara Regional Mining Officer Fabian Mshai [...]Tanzania Set to Construct Over 33,000 km Roads in 2022/23 Financial Year
The Tanzania Rural and Urban Roads Agency (TARURA) on Sunday signed ten contracts with local companies on behalf of 969 contracts for the construction of 33,091 kilometres of roads in [...]Tanzania Set to Sell First Bond to EAC and SADC Citizens
Tanzania’s Treasury is seeking Tsh130 billion ($55.6 million) from selling a five-year fixed rate bond to its citizens and those from East and Southern African trade blocs. The bond on [...]Tanzania Implements Additional Taxes on Gamblers' Winnings
Tanzania has this month introduced a gaming tax on the amount or value of winnings through casinos and sports betting, tightening the noose on gamblers already squeezed by levies in [...]IMF Greenlights $1.05 Billion 40-Month Credit Facility for Tanzania
The International Monetary Fund’s (IMF) board approved a $1.05 billion extended credit facility for Tanzania and plans to disburse $151.7 million immediately. The 40-month package will assist with economic recovery and [...]Fuel Prices Rise in Tanzania Despite Subsidies Put in Place
Tanzanians are bracing for tougher times ahead as fuel prices across the country rose with effect from Wednesday, despite government subsidies. According to the Energy and Water Utilities Regulatory Authority [...]Tanzania Raises Cost of Export Permits by 93 %
Tanzania has increased the cost of export permits by 93 per cent, a move likely to open another round of trade dispute between Nairobi and Dar es Salaam. The authorities [...]Tanzania's Taifa Gas Licensed to Set up Plant in Kenya
Tanzania’s biggest gas dealer Taifa Gas has been licensed to set up a gas plant and storage facilities at a site in Dongo Kundu near the port of Mombasa to [...]Dar es Salaam Stock Exchange picks Mary Mniwasa as Acting CEO
Dar es Salaam Stock Exchange(DSE) Board has appointed Mrs. Mary Stephen Mniwasa, the chief legal counsel at the bourse, to serve as acting Chief Executive while the search for a [...]
