Zanzibar sees decline in poverty at 2.9 percent

Despite substantial improvements in living conditions and a drop in poverty between 2009 and 2019, poverty reduction in Zanzibar has been slow relative to its economic growth. A new World Bank Group report, “Towards a More Inclusive Zanzibar Economy: Zanzibar Poverty Assessment 2022” shows while Zanzibar’s gross domestic product (GDP) per capita grew at 2.9 […]

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 […]

Zanzibar economy grows by 2.2 per cent in 2021 first quarter

ECONOMY: Zanzibar’s Gross Domestic Product (GDP) grew by 2.2 per cent in the first quarter of 2021, the Zanzibar Office of Chief Government Statistician (OCGS) has reported. The quarterly economic highlight report said the growth was buoyed by public administration, manufacturing, finance and insurance industries, adding, the slight growth in the tourism industry has influenced […]