Economic
EAC finance ministers table 2023/24 Budgets
East African Community (EAC) countries expect overall national government spending to rise in the upcoming financial year (July 1 to...
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EAC tables $103.8 million budget estimate for the 2023/2024 Financial Year
The East African Community (EAC) has tabled before the East African Legislative Assembly (EALA) the budget estimates for the 2023/2024...
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15-year Treasury Bond continues to exhibit lower subscription levels despite the rise in yields
Investors’ appetite for the 15-Year bond continued to exhibit relatively lower subscription levels compared to the 20-Year and 25- Year...
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Why Fitch Ratings assigned Tanzania ‘B+’; Stable outlook
Fitch Ratings has assigned Tanzania a Long-Term Foreign-Currency Issuer Default Rating (IDR) of 'B+' with a Stable Outlook. According to...
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Zanzibar’s import bill hits $584 million in April on capital goods imports
Zanzibar’s import bill increased to $584 million in April 2023, from $438.3 million recorded during the corresponding period last year...
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AfDB, Tanzania launch $54 million initiative to drive job creation for youth in Zanzibar’s blue economy
The African Development Bank (AfDB) Group and the Republic of Tanzania have launched the Skills Development for Youth Employability in...
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Zanzibar’s current account deficit widens to $353.8 million in April on increase on import bill
Zanzibar’s current account registered a deficit of $353.8 million during April,2023 as compared with a deficit of $258.8 million recorded...
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Tanzania’s inflation eases again to 4 pct in May, 2023
Tanzania’s annual Headline Inflation Rate fell to 4.0 percent in May from 4.3 percent recorded for the month of April,...
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Dar tops EAC states in new economic freedom index for 2023
Tanzania has emerged the most economically free country among East African Community (EAC) states according to the ‘State of Economic...
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Tanzania exports surge to $12.4 billion in April driven by non-traditional goods exports
The value of exports of goods and services in Tanzania surged to $12.44 billion in April 2023, up from $10.60...
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