Tanzania's $40 Billion LNG Project to be Seen by 2025
Tanzania is edging closer to its dream of developing a $40 billion liquefied natural gas project after the government and companies, including Equinor ASA and Shell Plc, signed initial agreements. The latest signing [...]
Tanzania Opens Up Investments in Government Securities to East and Southern Africa Countries
Tanzania will for the first time allow residents of East African and Southern African trade blocs to invest in its Treasury bonds and bills, the central bank said on Wednesday. [...]Tanzania Reverses Ban on Export of Live Animals after Public Outrage
Tanzania has reversed a controversial decision to lift a ban on wildlife exports that sparked outrage in the East African country. The ban, imposed in 2016, was put in place [...]Mobile Money in Tanzania Records 3.2 Million New Subscribers in Q1 2022
Tanzania has registered 3.2 million more, mobile money subscribers, in the first quarter of 2022, indicating growth in financial inclusion. The East African country had 35.7 million subscribers as of [...]Fuel Prices in Tanzania Drop as $43 Million Subsidy Comes into Effect.
Tanzania has reduced the cost of fuel effective Wednesday following the Tsh100 billion ($43 million) fuel subsidy the government announced last month. According to the Energy and Water Utilities Regulatory [...]East Africa Faces Food Shortage After Failed Rains
East Africa is facing a threat of starvation following four failed rainy seasons, says a joint alert issued by humanitarian partners and metrological agencies. These organizations warn that the situation [...]
BoT Gets Sauda Msemo as Deputy Governor
Bank of Tanzania(BoT) is set to have Sauda Kassim Msemo as Deputy Governor after being appointed to that position by President Suluhu Samia. This appointment takes effect on 1st June [...]Tanzania Records a Deficit of $1.31 Billion in Q1 2022 on High Import Bills.
Tanzania has admitted its current account is hurting after it registered a deficit of $1.31 billion in the first three months of 2022, compared with the $352 million it recorded [...]Tanzania to spend $200M on new aircraft for National Carrier
Tanzania will spend TSh468 billion to acquire new aircraft for its national carrier Air Tanzania in the coming financial cycle. This disclosure was made by Prof Makame Mbarawa while tabling [...]DTB Net Earnings Rise 15.8% to KSh 2.2B
DTB( Diamond Trust Bank) Group recorded a net profit of KSh 2.2 billion at the end of the first three months of this year compared to KSh 1.9 billion over [...]IM Group Net Profit rises 27% to KSh 2.7B
IM Group Plc recorded an increase in Net profit of KSh 2.7 billion in Q1 2022 compared to KSh 1.9 billion over a similar period in 2021, an increase of [...]BMIA launches Second Financial Journalism Training in Tanzania
The Bloomberg Media Initiative Africa (BMIA) has unveiled the second edition of its Financial Journalism Training (FJT) program in Tanzania. This program will train journalists and media professionals in business [...]
