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Economic

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Government Strengthens Plans for NHIF Sustainability

The Tanzanian government is actively working to ensure the sustainability of the National Health Insurance Fund (NHIF). This follows concerns raised in parliament about the effective use of health insurance across the country. Deputy Minister of State in the President’s Office (Regional
August 30, 2024
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Zanzibar Eyes Regional Energy Exports

Zanzibar, under the leadership of President Dr. Hussein Ali Mwinyi, is positioning itself as a significant player in the regional energy market. During the inauguration of the first liquefied petroleum gas (LPG) terminal at the port in North Unguja Region, President Mwinyi
June 28, 2024
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Ruto Bows to Pressure, Returns Finance Bill To Parliament

President William Ruto has faced mounting pressure from nationwide protests and opted to return the controversial Finance Bill 2024 to Parliament for reconsideration. This decision follows violent demonstrations on Tuesday, where protestors breached Parliament premises for the first time in Kenyan history
June 26, 2024

Tanzania’s National Debt Reaches Sh91.7 Trillion

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
June 14, 2024
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Tanzania Bans Foreign Currency in Transactions

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.
June 13, 2024
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Deni la Serikali Linafikia Trilioni 91.7

Leo, Bunge la Jamhuri ya Muungano wa Tanzania limekutana jijini Dodoma kwa ajili ya kusoma Bajeti Kuu ya Serikali kwa mwaka wa fedha 2024/25. Kikao hicho kinafanyika wakati ambapo ripoti ya Waziri wa Mipango na Uwekezaji, Profesa Kitila Mkumbo, imeonyesha ongezeko kubwa
June 13, 2024
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Zimbabwe Launches New Gold-Backed Currency – ZiG

Zimbabwe unveiled a new currency on Friday to replace its struggling predecessor, which has faced depreciation and public rejection in recent months. The introduction of the new currency, named ZiG, aims to address the ongoing currency crisis that reflects the country’s longstanding
April 6, 2024