Economic
NBC bank inks deal with Zanzibar e-Government Agency to boost revenue collection
The National Bank of Commerce (NBC) has signed a Memorandum of Understanding (MOU) with the Zanzibar e-Government Agency that aims...
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AfDB, Tanzania ink $125.2 million loan agreement to address water shortages in Dodoma region
The African Development Bank (AfDB) and the Tanzanian government have signed a $125.2 million loan agreement for a project that...
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NMB payment systems transact 8.6trn/- to Government coffers in three years
NMB Bank through its various payment systems facilitated the Government to collect 8.6trn/- in revenue through Government e-Payment Gateway (GePG)...
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Tanzania targets internet giants with new digital tax effective July, 2022
Tanzania will introduce a digital tax this year, the country’s finance minister said, in a move targeting global internet giants...
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NMB offers 30.7bn/- dividend payment to Government coffers
The NMB Bank yesterday handed over 30.7bn/- to the Government being payment for dividend following the bank’s solid financial performance...
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Tanzania revises growth projection downward to 4.7 pct in 2022
Tanzania has revised its growth projection for 2022 downward to 4.7 percent from 5 per cent according to the Monetary...
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Zanzibar exports value surges to $205.7 million in April 2022 on cloves
The value of exports of goods and services in Zanzibar increased to $205.7m in April 2022 from $101.5 recorded during...
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BoT Governor Prof. Florens Luoga opens up on why offering tax exemptions is not healthy for Tanzania’s economy?
The Bank of Tanzania (BoT) Governor Professor Florens Luoga has urged Tanzania to tread carefully on the issue of tax...
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NBC hands over 4.5bn/- dividend to Government after successful financial year 2021
The Minister of Finance and Planning, Hon. Dr. Mwigulu Lameck Nchemba (MP) on behalf of the Government of Tanzania received...
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Dar opts to sustain accommodative monetary policy to safeguard recovery of economic activities
Tanzania has opted to sustaining an accommodative monetary policy in order to continue safeguarding the recovery of economic activities according...
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