Tanzania’s forex reserves hit $5 billion in November 2023
Tanzania’s foreign exchange reserves remained adequate at about USD 5 billion in November 2023, sufficient to cover more than 4 ...
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Tag: #LatestBusinessNews
Urgent reforms needed to enable strong private sector-led inclusive growth – World Bank
Over the past two decades, Tanzania has exhibited robust economic growth, surpassing many developing countries, even weathering the COVID-19 pandemic ...
Walkabout starts commissioning activities at its flagship Lindi Jumbo
ASX-listed Walkabout Resources has started commissioning activities at its Lindi Jumbo graphite mine, in Tanzania, another step toward full operation ...
Dar equities market rebounds on increased appetite for stocks towards year end
The Dar es Salaam Stock Market (DSE) posted an impressive performance during the trading session last week posting a total ...
Lobby roots for removal of EAC non-tariff barriers
Regional trade lobby, East African Chamber of Commerce, Industry and Agriculture (EACCIA), is pushing for the elimination of more non-tariff ...
East Africa adopts diversified resource development strategy
Boasting an abundance of renewable resources, East Africa has garnered substantial attention from major international players within its clean energy ...
Zanzibar’s current account deficit hits $447.7 million in October on imported goods
Zanzibar’s current account registered a deficit of $447.7 million during October this year from a deficit of $362.8 million recorded ...
IMF approves $150.5 million Extended Credit Facility for Tanzania
The International Monetary Fund (IMF) Executive Board has completed the second review of the Extended Credit Facility Arrangement for Tanzania, ...
CRDB Bank dominates Tanzania’s mortgage market in Q3, 2023
CRDB Bank cemented its position as the market leader in Tanzania’s mortgage market during Q3, 2023 accounting for 33.30% of ...
Tanzania’s mortgage market posts 14 pct YoY growth to 593.7bn/- in Q3, 2023
Tanzania’s mortgage market registered a 2 percent growth in the value of residential mortgages during Q3 this year as of ...