Tanzania's economy has demonstrated remarkable resilience and growth, particularly in recent years. In 2023, the country's economy grew by 5.2%, driven largely by the services sector, which expanded by 7.3%. Financial and insurance services, transport, storage, and trade were significant contributors to this growth. The agriculture sector, despite environmental challenges, also saw a growth of 3.4%.
Inflation has remained moderate, with the Consumer Price Index (CPI) inflation decreasing from 4.9% in January 2023 to 3.0% in January 2024. This stability is attributed to eased global commodity prices, fiscal subsidies, and tight monetary policies. The Bank of Tanzania has adopted an interest-rate-targeting regime to further strengthen inflation controls.
Dar es Salaam to host premier international trade exhibition for the medical and healthcare industry
The 23rd edition of Medexpo will be hosted in Dar es Salaam at the Diamond Jubilee Hall from 17th to 19th of February 2022. The premier exhibition for the medical and healthcare industry is the one place to source new products, services and technology from around the world. The much awaited 2022 edition will be open from 10:00 AM to 6:00 PM for the public till 19th of February 2022. Ambassadors, trade delegations and representatives from various countries and ministries are confirmed to be present to meet and support the companies representing their countries at the event.
Bee Farming An Annual Mission In Kenya
Over 30 metric tonnes of Kitui honey is procured by middlemen annually in a mission to fleece bee farmers, says Eutchus Katungi, Chairman of Kamaki Beekeepers Cooperative Society in Kitui South. Katungi admits that unscrupulous middlemen have infiltrated the multi-million Kitui County honey industry and are profiteering from it at the expense of bee farmers due to lack of proper market linkages.
Tanzania secures US $272m for construction of an international airport
The government of Tanzania has announced to have secured US $272m loan from African Development Bank (AfDB) to construct an international airport in its capital city Dodoma.
African Oil and Gas Players Eye New Market, Angola
As Angola works in attracting foreign investors from Europe, the Middle East, the Americas and Asia, its closest African neighbours are also invading the race to tap into huge investment opportunities in Africa’s second-largest oil producing market.
THE 4TH ETHIOPIA INTERNATIONAL TRADE EXHIBITION 2022 AT ADDIS ABABA
The much awaited 4thedition of Ethiopia International Trade Exhibition 2022 will open on 07th July from 10:00 AM to 6:00 PM for the public till 09th of July 2022. Held at the Millennium Hall in Addis Ababa, it is the one place to source new products, services and technology from around the world.
World Rally Championship Interests Tanzanian Drivers
Tufail, the 2018 National Rally Championship(NRC) first runner driver, is keen on completing the revived Kenya Safari Rally schedules to start from July 4th to 7th in Kenya.
