Govt earns Sh89.6billion from tax revenue
Zanzibar revenue collections hit Sh89.6 billion in January 2023, the major boost of which was increasing tax collections from tourism activities. Bank of Tanzania (BoT) Economist, told Zanzibar Mail that tax collections from tourism and related activities, including hotels, restaurants, tour operator activities, stamp duty, airport and sea ports-grew by almost 100 percent compared to […]
PUBLIC NOTICE
PUBLIC NOTICE TREASURY BONDS ISSUANCE CALENDAR
PUBLIC NOTICE TREASURY BONDS ISSUANCE CALENDAR FOR THE 4 TH QUARTER OF FINANCIAL YEAR 2021/2022 On behalf of the Government of the United Republic of Tanzania (URT), the Bank of Tanzania plans to issue 5-year, 7-year, 15-year, 20-year and 25-year Treasury bonds; as well as 35-days, 91- days, 182-days and 364-days Treasury bills, during the […]
Tanzania Post 5.2 Percent Economic Growth In Quarter 3
LOCAL NEWS: The latest economic growth report by the National Bureau of Statistics (NBS) for the third quarter of 2021 (July and September) shows Tanzania’s Gross Domestic Product (GDP) rebounded to 5.2 percent from 4.4 percent recorded in the second quarter. According to the figures, Q3 GDP increased to Sh32 trillion in 2021 from Sh30.3 trillion in […]
BADEA Plans To Give Tanzania $ 3 Billion For Development Projects
LOCAL NEWS: News that Tanzania is eyeing loans and grants amounting to $3 billion (about Sh7 trillion) from the Arab Bank for Economic Development (Badea) in Africa in the next five years was welcomed by some analysts and the business community, all of whom are optimistic that the monies will stimulate economic growth. The Ministry […]
Tanzania Exports Stands $ 9.56 Billion, October End 2021
ECONOMY: 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 services amounted to $9.56 billion (about Sh21.9 trillion) […]
Tanzania Currency Ranked Top In East Africa – Bloomberg Data
ECONOMY: Uganda and Tanzania currencies are the best performing media of exchange in East Africa against the dollar, whereas Kenyan and Rwandan currencies continue to lose value against the greenback. According to Bloomberg Refinitiv data, the Uganda shilling continues to hold steady against the dollar followed by the Tanzanian currency at 2.45 percent and 0.76 […]
Zanzibar Cloves Exports Is Increased To $ 40.6 Million In 2021
BUSINESS: The value of clove exports more than doubled to $40.6 million as prices of the produce increased in the world market. Clove is a key export cash crop in Zanzibar which also generates foreign earnings through tourism activities. Service receipts have been affected by the Covid-19 that has disrupted many economic activities around the […]
Tanzania Will not Fixing Loan Rates, Says Finance Minister
ECONOMY: The Bank of Tanzania (BoT), has no plan to cap loan interest rates, since the country now practices free monetary policy, Finance and Planning minister, Dr Mwigulu Nchemba told reporters on Sunday. Mwigulu Nchemba was speaking in Dodoma where he was presenting his ministry’s success in the past 60 years of independence, where he […]