Tanzania: Latest News

  • Tanzania Sees 9% Decrease In Deficit

    By Ann Brown, 11:00 am

    From Independent Online Tanzania’s current account deficit narrowed by 9.5 percent in the year to May due to higher tourism arrivals and agricultural output amid a drop in imports, the central bank said yesterday. The deficit narrowed to $3.98 billion (R40bn) in the 12 months to May from $4.38bn during the same period a year […]

  • Upward Investment Narrows Tanzania Deficit 9.5%

    By Makula Dunbar, 4:18 pm

    Tanzania’s current account deficit narrowed by 9.5 percent in the year to May due to higher tourism arrivals and agricultural output amid a drop in imports, the central bank said yesterday.

  • East Africa Pushing For Common Tourist Visa, Passport By 2014

    By Dana Sanchez, 12:26 pm

    Security concerns, poor infrastructure and disagreements over fee sharing have delayed plans to implement common regional tourist visas and common passports for five East African Community member countries, according to a report in AllAfrica. After multiple delays, and rescheduled – again – to begin this year, the rollout has been postponed to July 2014. The decision […]

  • World’s Energy Future Could Lie In Africa, If You’re Patient

    By Dana Sanchez, 3:04 pm

    Africa could be a major player in the world’s energy future but investors need patience and the knowledge to tap the right niches, panelists said at a Wharton Africa Business Forum, according to a report in knowledge@whartontoday. Each day, panelists said, there are stories of energy finds in places like Mozambique, Kenya or Tanzania, all of […]

  • 3M Restructuring Africa Operations, Looking To Mining, Oil And Gas

    By Dana Sanchez, 2:59 pm

    U.S.-based 3M, maker of myriad consumer products, sees mining, oil and gas as potential industries for future growth in Africa, along with energy and healthcare, according to a report in NewBusinessEthiopia. Already established in Africa for 40-plus years, the company hopes to improve coverage on the continent and accelerate future growth by restructuring its business on the continent […]

  • Tanzania Abandons Tourist Tax On Lodgings; Uganda Not Budging

    By Dana Sanchez, 10:56 am

    When it comes to budgeting for tourism marketing, not all African countries are equal. The Uganda Tourism Board budgets $92,000 for marketing Uganda compared to Kenya, which invests $20 million, according to a report in AllAfrica. Tanzania and Rwanda spend $23 million and $5 million respectively to market themselves as tourist destinations, the report says. One way […]

  • Developing A Sustainable ‘Blue Economy’ For Africa

    By Dana Sanchez, 12:06 pm

    Proponents of a sustainable and integrated maritime domain in the waters around Africa say it will be easier to achieve than a United States of Africa, according a report in IndependentOnline. Such a domain would include an exclusive economic zone, key to developing a sustainable “blue economy” for the continent, the report said. Today, each […]

  • Open Data Platform Increases Investor Access To Africa Info

    By Dana Sanchez, 3:53 pm

    African Development Bank’s single-platform collection, analysis and sharing of information on Africa now gives global business leaders and investors access to data on all 54 countries in the continent, according to a report at VenturesAfrica. Users will be able to extract data, create and share customized reports, and visualize data across themes, sectors and countries through tables, charts, and […]

  • UK-Tanzania Prosperity Partnership to Boost Development, Investment

    By Makula Dunbar, 12:01 pm

    UK Minister for Africa, Mark Simmonds, announced over the weekend Britain’s plans to soon increase investment and boost trade partnership in Tanzania, the Daily News reported. Simmonds took a two-day tour of the country, meeting with officials including President Jakaya Kikwete, foreign minister Bernard Membe and energy minister Sospeter Muhongo.

  • New Report: Africa Is World’s Fastest-Growing Economy

    By Dana Sanchez, 3:16 pm

    A third of African countries have economies growing by more than 6 percent and almost half of them – 26 out of 54 – are now considered middle income countries, according to a new report by African Development Bank. This growth was driven by the private sector. Looking ahead, growth will rely on regional economic co-operation […]

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