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Tanzania’s Economic Growth Fails Poor Citizens

June 14, 2024
Despite Tanzania recording significant economic growth in recent years, widespread poverty persists, highlighting a disconnect between national prosperity and individual well-being. According to recent data, Tanzania’s GDP surged by over 5% in 2023, reaching Sh148.3 trillion. However, the benefits of this growth

Tz Set To Introduce VAR Technology In Local Football League

June 14, 2024
The government has announced plans to introduce Video Assistant Referee (VAR) technology into the local league. The announcement, made during the presentation of the national budget in Parliament, marks a significant step towards ensuring fairness and transparency in football matches across the

Russia, Iran Discuss Expanding Cooperation, Bilateral Relations

June 14, 2024
Russian President Vladimir Putin held a phone conversation with Mohammad Mokhber, the Acting President of Iran. Both sides expressed their interest in further developing Russia-Iran cooperation, including through the implementation of promising joint projects in the energy and transportation sectors. Certain issues

Tanzania Proposes New Gambling Taxation Measures

June 14, 2024
The Tanzanian government has unveiled a significant initiative to bolster its social insurance funds through the introduction of new taxes on the gambling industry. This move, announced by the Minister of Finance, Dr. Mwigulu Nchemba, during the national budget presentation for the

Tanzania’s National Debt Reaches Sh91.7 Trillion

June 14, 2024
Minister of Planning and Investment, Prof. Kitila Mkumbo, announced that the nation’s government debt had reached Sh91.7 trillion by March 2024. This marks a 19.1% increase from Sh77 trillion in March 2023. The rapid rise has pushed the debt past the Sh90

Tanzania’s SGR Joins World’s Top Railways

June 13, 2024
The Tanzania Standard Gauge Railway (SGR) project is poised to become the fifth longest railway system globally, after China (40,493 km), Spain (3,917 km), Japan (3,146 km), and France (2,735 km), surpassing Germany (1,631 km), Turkey (1,232 km), and Finland (1,120 km).

Tanzania Bans Foreign Currency in Transactions

June 13, 2024
Finance Minister, Dr. Mwigulu Nchemba, has announced that all domestic transactions must be conducted in Tanzanian Shillings starting from July 1, 2024. This directive targets all local stakeholders, including public institutions, businesses, civil society organizations, international bodies, and individuals operating within Tanzania.

President Samia Increases Lump Sum Payments for Retirees

June 13, 2024
President Samia Suluhu Hassan has directed an increase in the lump sum payments for retirees across the country. This announcement was made by the Minister of Finance and Planning, Dr. Mwigulu Nchemba, during his presentation of the Government’s Budget for the fiscal
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