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Business - Page 23

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Economists Urge Removal of Trade Barriers

Tanzanian economists have emphasized the urgent need for removing trade barriers between Tanzania and China. This call comes amidst ongoing discussions about improving the trade balance, which currently favors China significantly. Dr. Nassib Mramba, a Senior Lecturer at the College of Business
September 3, 2024
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Zanzibar’s Liquor Import Issues Impact Economy

The Zanzibar Revenue Authority (ZRA) has conducted an investigation into recent changes in the issuance of liquor import licenses, which revealed significant issues leading to tax losses between January and June 2024. These issues, which include corruption, tax evasion, and inadequate business
August 27, 2024
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Nyerere Bridge Generates Sh102 Billion in Nine Years

The Nyerere Bridge in Kigamboni, a key infrastructural project linking the Kigamboni district with the mainland of Dar es Salaam, has generated Sh102.18 billion in revenue over nine years of operation, according to recent government disclosures. However, the full repayment of the
August 27, 2024
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TRA Strengthens Collaboration to Address Taxpayer Concerns

The Tanzania Revenue Authority (TRA) has reaffirmed its commitment to upholding high standards of professionalism and fairness in tax enforcement, while also addressing the grievances of taxpayers, particularly concerning the issuance of agency notices. This assurance was given by TRA Commissioner General
August 23, 2024
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Putin’s State Visit Strengthens Russia-Azerbaijan Ties

The President of Russia, Vladimir Putin, is currently on a two-day state visit to Azerbaijan. Discussions  focused on advancing the strategic partnership and allied relations between Russia and Azerbaijan, along with addressing current international and regional issues. Accordng to Russian President Vladimir
August 19, 2024
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Tanzania’s Trade Policies Hinder Economic Growth

The former British High Commissioner to Tanzania, David Concar, has drawn attention to significant challenges within Tanzania’s trade policy environment that are adversely affecting local manufacturing and the broader economy. Concar, who recently concluded his four-year tenure, has voiced concerns that the
August 17, 2024
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Uganda Shifts Oil Exports to Dar es Salaam

The Uganda National Oil Company (UNOC) has officially announced the commencement of using the Port of Dar es Salaam for the loading and transportation of oil to Uganda. This move follows new agreements reached on May 24-25, 2024, during the Second Uganda-Tanzania
August 16, 2024
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