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Retained Earnings Tax Sparks Heated National Debate

June 19, 2025
The Tanzanian government’s recent proposal to introduce a 10 percent withholding tax on retained earnings has ignited wide-ranging debate, drawing both support and skepticism from economic analysts, Members of Parliament, and the private sector. Announced as part of the 2025/2026 national budget,

East Africans To Shoulder Heavy Debt Repayments

June 19, 2025
The public debt crisis in East Africa is tightening its grip on national budgets, with fresh data showing that Kenya, Uganda, and Tanzania will collectively spend over Tsh60 trillion (approx. $23 billion) on debt servicing during the 2025/2026 financial year. This growing

Khamenei Warns U.S. Against Striking Iran

June 19, 2025
Tensions in the Middle East reached a boiling point this week after Iran’s Supreme Leader, Ayatollah Ali Khamenei, warned that any military aggression by the United States would provoke “serious, irreparable consequences.” The warning follows U.S. President Donald Trump‘s recent statement insisting

Tanzania Rejects UN Claims on Rights Violations

June 19, 2025
Tanzania has forcefully pushed back against allegations of human rights abuses raised at the United Nations Human Rights Council, following criticism from regional civil society groups and UN experts. The government insists it remains committed to respecting the rule of law and

Tanzania Opens Talks With U.S. Over Travel Ban Fears

June 19, 2025
The Government of Tanzania has confirmed that it is actively engaging in diplomatic talks with the United States following reports that Tanzanian citizens may soon face travel restrictions to the U.S. if immigration concerns raised by Washington are not resolved. In a

Oil Prices Surge on Israel–Iran Crisis Escalation

June 19, 2025
Oil prices have surged sharply this week as geopolitical tensions in the Middle East continue to escalate. The ongoing hostilities between Israel and Iran have raised fears of a broader regional conflict that could endanger critical energy infrastructure and global oil supplies.
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